Hilarious Trump market manipulation reaches anew height

I wonder when he closed his shotrs and opened longs.....

Here's his Truth Social statement in full:
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.
At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.
"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"
We are continuing to decipher the specifics of Trump's announcement, stick with us for the latest.

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Heartlander · 80-89, M

I imagine the 90 day pause would be more to help US companies and interest make an orderly disengagement from China. Dismantling production in China and moving it to the US or elsewhere would take careful planning considering that the Chinese government could at any moment step in and proclaim a right to seize control of and possession of a factory or plant and even possession of all copyright, trademark and pattern rights.

Remember, Japan’s claim for justification for declaring war against the US was over trade. In Chinas case, their their unbalanced trade to serve the US consumers is the bread and butter of Chinas economy and they can be counted on to take extreme measures to rescue something as that comes apart..

I remember when in the late 60s or early 70s when the Mexican government decided to break their contract with Hilton International for operating their hotels. Forget whatever agreement they had, the Mexican army just showed up one day in force and forced Hilton staff to leave at gunpoint. A one minute transition of management. There is a similar risk in China. The US is well beyond the United Fruit gunboat diplomacy era, so beyond yelling and screaming, what else can the U S government do if that happens?

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Heartlander · 80-89, M

@Captain Not war in today's world, Japan's action against the US in 1941 was over trade. Who knows the extremes that China will go to if and when US trade policies change and threaten to undermine China's economy.

Trump's ever changing tariff threats are much like a 4th and two from their own 40 and the QB gets down under center as if they are going for it. Then with one second left on the play clock they call a time out and send in the punter. Ahhh, the defense relaxes, they're not going for it. But ..... they relaxed so much that the punter easily ran for the first down.

Captain · 61-69, M

@Heartlander Yes he will bottle it at some piint but the destruction of confidence in his administration will mean nothing short of regime change would fix things now. That just isnt going to happen is it. His bluffs have taken things too far now.

Heartlander · 80-89, M

@Captain

Oh yes. But there is a certainty from accepting the mess left by Biden. Where all the trendlines are down.

Of course there is a risk with doing something also. But not the certainty that goes with doing nothing.

My best example of the punter running for the first down was even better/worse than what I described. Not only did the punter make the first down but the defense was so far out of it that the punter made it all the way to the end zone for a touchdown. But ... no sooner had the 6 points been added to the score then they were taken off.

Oops! a delayed penalty flag.

It seemed that the punter was so overwhelmed by his success that as he broke into the clear just short of the goal line that he turned around and made a "gotcha" gesture at the defense (from a distance it looked like the middle finger). And that was deemed "taunting", so his success was cancelled by his need to rub his success in the opponent's faces.

Of course Trump would never do that. Thanks especially to the crowd he picked to surround himself with.

Captain · 61-69, M

@Heartlander The US has never been in a mess (at least sonce the early 30s) ! Places like the Yemen and Afghanistan, Bangladesh and Clumbia, they have been in messes. The US will be heading for a mess if it plays the tariffs game - Adam Smith "Wealth of Nations" has always been true.

Heartlander · 80-89, M

@Captain

:) the next 3+ years should provide some clues about which of us is right.

Captain · 61-69, M

@Heartlander Its a deal, 3 years time we will compare scorecards

Captain · 61-69, M

@Captain May the best punter win !