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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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ArishMell · 70-79, M
.... I am hereby raising the Tariff charged to China ....
(and presumably any other nation).

"... I am..." Not the Government of the USA then.

Asking as a citizen of a nation under rather more modest tariffs on its own exports to the USA, has President Trump learnt yet who really pays the tariffs he has ordered, and where?
isthisafakeprofile · 61-69, M
He well knows is the best market in the world for sellers and that foreigners feel entitled to rip off the US. SO THERES THAT. @ArishMell
Captain · 61-69, M
@isthisafakeprofile Only the poor of Amreica are ripped off. The rich grow richer by the trade that happens, the high value of the dollar, and the low interest rates that fund massive gorwth for the large USA coprorates they are all invested int. Obviously this is a pnzi scheme and what Trump is doing will unravel this and the whole world will feel the economic repercussions. It is however ironic that the richest nation of the world ensure their poorest are still poor. Your problem and the consequencies of that are unfortunately going to be felt by all of us.You are clearly one of Americas spoilt afluents who doesnt appreciate what they have - like fuel food and sanitation for example.
ArishMell · 70-79, M
@isthisafakeprofile No-one was ripping the USA off!

President Trump might say he believes that but his ignorance of such matters showed in, for example, his trying to claim the Value Added Tax on goods and services in very many countries worldwide, is an import tax. And worse, by seemingly thinking his import taxes are paid by the exporters - which is clearly wrong!

He also imagines major US companies using overseas factories will move those to the USA. Some might be able to do that, but not easily or rapidly. Worse, the confusion he has created everywhere by his inconsistent, muddled approach must be making it very hard for anyone to plan years ahead as such moves need.


If foreign-made goods are more expensive for American buyers than US-made versions, they will not sell there; and vice-versa. If they are not made domestically, it's because either they genuinely could not be anyway, are foreign specialities like many foods and beverages; or they could but not economically. Similarly with any country, really, including those buying from the USA.

Mr. Trump also seems to imagine trade is all and only about manufactured goods. It is not. It covers services and areas like the arts and entertainments too. Two countries can be in fair trade balance even if one makes and sells material objects, while the other provides mainly financial and transport services and musical performances.
isthisafakeprofile · 61-69, M
I see. You’re in favor of the trade in balance and the increasing US. I don’t care for either. I’m happy to see steps started to correct both. @ArishMell
ArishMell · 70-79, M
@isthisafakeprofile No. I favour free trade but without serious imbalances. Nor do I favour any one nation lording it over everyone else.

That was what the USA spent much of the latter half of last century doing, but China is now taking over that role..
Captain · 61-69, M
@ArishMell Exactly and India will beat them both, but the US Republicans cant see that bigger countries will in time become more powerful as they start to own and exploit their own resources.US is try9ong to keep its own resources under its own control and take away Europes best mineral resources from the Ukraine and rape every other part of Europe for what it has to offer. And yet the US cries foul if anybody else does anything to make themseleves more powerful.
ArishMell · 70-79, M
@Captain India will? I'd be surprised but you might be right. It's an interesting possibility.

I think it would need something to go seriously wrong with China's economy though. Still, India could overtake America in manufacturing at least. What might happen is China's prices rising while India's abilities rise, until India becomes more competitive. I think something like that happened with Japan, though she still has a very powerful economy with a very strong line in manufacturing.

What President Trupm has "offered" Ukraine does seem purely exploitative, I agree. I don't know how much of the mineral revenues Ukraine would be allowed to keep after the US mining companies have made enough money to repay the US' military aid.

When Trump started cosying up to Putin my first thought was bet-hedging. Trump would not care what happens to Ukraine and its people, if a complete Russian take-over occurs, as long as the USA can then buy the minerals via the Russian Federation. It would just be an alternative deal for the same result, to someone reputedly able to think only in purely commercial deals.

Now though, Valdimir Putin must be wondering Donald Trump's real motives and modus operandi, or his credibility and trustworthiness. Frankly, I'd trust neither man. It's entirely possible Putin would far rather sell to China (with easy transport links by rail, too), India and Iran; with some perhaps to those Western European nations who don't frighten him too much as long as they pay the invoices on time and don't arrest his ships sent to break their telephone cables.

Russia, for all her vast area and plentiful resources, is surprisingly poor; but much of that is all her own fault. She could be well-off and welcoming, but Putin chooses instead to make her mean and belligerant.


The USA has been stripping all it can from Europe for decades: buying industries right, left and centre; sometimes keeping them going as US-owned branches, sometimes just to take the Intellectual Property and close the premises.
isthisafakeprofile · 61-69, M
Oh I see. You’re a Weasley money begging foreigner. @Captain
Captain · 61-69, M
@isthisafakeprofile We paid you back for fighting the second world war on your behalf mate - just watch it.
isthisafakeprofile · 61-69, M
What about the Marshall plan? Your NATO shortfall? Your military defense?your weapons? @Captain
Captain · 61-69, M
@isthisafakeprofile We finished paying off our war debt to you 2 weeks before Brown pulled our troops out of Iraq - funny that. Our trade with the US was in balance but Im sure you'll be screwing us again soon. We have no nuclear weapons. We pay you so you can keep your weapons in our submarines and on our land, but only you have control of when and on whom they are dropped. Of course we put less money into NATO than you do - we're more or less bankrupt
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Captain · 61-69, M