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The stock price, in this instance, is moving for a reason and that reason is in keeping with almost everyone being poorer. I was lukewarm trump, but this move w
by m101 2y ago
The stock price, in this instance, is moving for a reason and that reason is in keeping with almost everyone being poorer. I was lukewarm trump, but this move was exceptionally stupid in the face of alternatives that exist.
- whateveracct 2y agoWhy were you even lukewarm Trump when this exact tariff plan was a flagship part of his platform?
- pseudalopex 2y agoTariffs were part of his platform. When did he say he would place 10% to 50% tariffs on all countries excluding Russia, Belarus, North Korea, and Cuba?
- whateveracct 2y ago> Trump has called for a universal baseline tariff[31] of 10% to 20% on all imports,[176][177] with increased penalties if trade partners manipulate their currency or engage in unfair trade practices.[26] Trump has also called for 100% tariffs on cars made outside the U.S. and a minimum 60% tariff on Chinese goods.[176] Per Wikipedia for his campaign https://en.m.wikipedia.org/wiki/Donald_Trump_2024_presidential_campaign https://en.m.wikipedia.org/wiki/Donald_Trump_2024_presidenti... Doesn't sound much different than what's happening
- pseudalopex 1y agoUnfair trade practices and having a trade surplus are much different. And the article's sources clarified he mentioned these ideas at different times. Part of Trump's popularity is his inconsistency lets people hear what they want.
- m101 1y agoThe fact that markets moved tells you that his plan was not as expected. It is either strategic negotiating genius, or downright stupid. It is however, undoubtedly, unexpected.