Galt's Gulch

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  • Posted by Dobrien 5 days, 9 hours ago
    Why make this statement “Trump folds” . He is in charge and is dealing . He has 70+ countries coming to the US to level the trade playing field. Art of the deal! It’s a good read and give great insight to Trumps tactics. The only President to seriously deal with our poor treatment and he has only been in office 3 mos. $6 trillion on new investments here will create well over a million new jobs.
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    • Posted by term2 4 days, 9 hours ago
      "will create" and "did create" are two wildly different things. I will wait on with my reaction to the actual results, as I always do. Propaganda is cheap, as we found out with Biden...
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  • Posted by $ jbrenner 6 days, 9 hours ago
    I don't think this was a fold, rather a planned response to his initial threat, followed by a negotiation for time to negotiate further.
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    • Posted by term2 4 days, 9 hours ago
      Its crony dapitalism. Trump gave in to Amazon to get rid of TEMU with elimination of DeMinimus, and now to Apple with the elimination of tariff on Iphones and Computers. Pays to visit MaraLago I suppose and offer political support
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      • Posted by mccannon01 4 days, 7 hours ago
        Yeah, term2, this crony thing doesn't look too good to me, either. I'm not going to hold my breath, but am still willing to wait and see on this even if there are whiffs of a bad smell in the wind.
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    • Posted by freedomforall 6 days, 8 hours ago
      I'm sure you're right. They hoped the CCP would fold, but weren't expecting that to happen.
      That meant this was the next step, but it strengthens the CCP's resolve and feeds their economy when the goal is to starve it..
      Can't stop the flow of $1000+ iphones and Macs or Big Tech might get upset. Meanwhile all the American small businesses get the shaft.
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      • Posted by term2 4 days, 9 hours ago
        Alll the politically connected people will get breaks, and the rest of us will gete the shaft. I am happy that Trump is slowing down his lies about the foreign countries are the ones who pay the tariffs. Anyone in business knows this is a lie and the purchaser of the import is the one who pays the tariff in the end.
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  • Posted by CaptainKirk 4 days, 6 hours ago
    No. Trump Reacted. I read an article that the BASIS trade was blowing up for a few big banks. The bonds are getting hit hard. And Trump was told to ease up, or he could tank the bond market. So he did.

    His gamesmanship is impressive. He is not going to hurt things that help people and maintain people. Even the phones and CPUs and computers. The last thing you want is companies holding off on upgrading their equipment because of the tariffs. And you don't want to do obviously punishing things to the kids going out and getting their phones.

    But you cannot blow up the banks while we have to transition to a new future.

    I would be more upset if he acted like MANY THINK he acts "Damned the torpedoes, full speed ahead!"

    He couched it.

    And his "Good time to buy" comment is GENIUS.
    Because this means he can use that comment in the future and scare the SHIITE out of the shorts.

    Finally, I see the market go down, and I KNOW that it is mostly the top 10% of the country who feel that!
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  • Posted by $ Thoritsu 4 days, 10 hours ago
    Well, he has to keep some public opinion up, and the idiots shopping at Walmart with "Union Proud" stickers on their cars are "some public opinion".
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  • Posted by BostonTEA 4 days, 10 hours ago
    Ted Cruz discussed this on his podcast Verdict this morning. Discussed w. Commerce Secretary Lutnick. These are on hold for now, because "pharmaceuticals and semiconductors and autos: will be handled by "sector tariffs" which are separate from the current round, and they are "not available for negotiation."
    So they ARE coming, just not now.
    "...coming right back on in another form in a month or so...."
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    • Posted by term2 4 days, 9 hours ago
      Trump wants us to NOT buy globally from any country that doesnt buy the same amount from us, or is balanced out by others who buy more from us than we buy from them. If we were on the gold standard, this wouldnt be an issue, but our government wants the ability to print money to buy votes, and you cant print gold.
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