Captain Suave
Caesar si viveret, ad remum dareris.
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Investing General Discussion
- Thread starter Furious
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Tmac
Adventurer
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Jesus dude. Nixon took us off the gold standard in 1971. Do you know what fiat money is?
How are you already so doomer and not know that the dollar is worth nothing? Lol
www.wtfhappenedin1971.com
Rangoth
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Big Phoenix
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Trump Exempts Computers, Handsets, Chips From Reciprocal Tariff Blitz, Still Subject To Original 20% | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Didnt Trump also say he was gonna be tariffing Semis and Pharma as well aside from these reciprocal tariffs?
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Haus
I am Big Balls!
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WTF Happened In 1971?
Also for T Tide27 apparently.... Yeah... Since I was around 2 years old the only thing backing our money was the fact that everybody uses us as a reserve currency plus our military capability to go "export freedom" at will.....
Jysin
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Monday bounce cancelled? These guys cant shut the fuck up for 5 minutes.
Smartphones, computers and other electronic devices that won exemptions from some US tariffs will be part of a forthcoming levy on semiconductors, US Commerce Secretary Howard Lutnick said, dampening what China had called a “small step” toward easing the trade fight between the world’s two biggest economies.
Lutnick, speaking Sunday on ABC’s This Week, signaled that the late Friday reprieve — exempting a range of electronics from 125% tariffs on China and a 10% flat rate around the globe — was temporary, and reiterated President Donald Trump’s longstanding plan to apply a different, specific levy to the sector.
“All those products are going to come under semiconductors, and they’re going to have a special focus-type of tariff to make sure that those products get reshored,” Lutnick said. “We can’t be relying on China for fundamental things that we need.”
His comments indicate that the exemptions, published in a US Customs and Border Protection document late Friday, were made to shift those products ultimately to a different levy, which Trump has long threatened for semiconductors, and not to indefinitely claw back the scope of Trump’s tariffs.
Smartphones, computers and other electronic devices that won exemptions from some US tariffs will be part of a forthcoming levy on semiconductors, US Commerce Secretary Howard Lutnick said, dampening what China had called a “small step” toward easing the trade fight between the world’s two biggest economies.
Lutnick, speaking Sunday on ABC’s This Week, signaled that the late Friday reprieve — exempting a range of electronics from 125% tariffs on China and a 10% flat rate around the globe — was temporary, and reiterated President Donald Trump’s longstanding plan to apply a different, specific levy to the sector.
“All those products are going to come under semiconductors, and they’re going to have a special focus-type of tariff to make sure that those products get reshored,” Lutnick said. “We can’t be relying on China for fundamental things that we need.”
His comments indicate that the exemptions, published in a US Customs and Border Protection document late Friday, were made to shift those products ultimately to a different levy, which Trump has long threatened for semiconductors, and not to indefinitely claw back the scope of Trump’s tariffs.
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Gravel
Mr. Poopybutthole
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That's fair.
But it's getting to the point where not having a clear message looks incompetent. Which in turn pisses off the citizens who now have their retirements on a rollercoaster and are getting fucked.
The midterm season isn't that far away.
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Sanrith Descartes
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Keep culling the weak and bringing them under the banner and only then does he face off against China and the EU.
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Arden
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If you're negotiating deals with adversarial polities the last thing you want to do is announce your tactics. If I were Trump I would be playing my cards extremely close to my chest.
It's going to mean short terms pain and sacrifice (he's acknowledged as much), with the long term goal of making a sick patient (the US economy) better. Those are his words, not mine.
I personally don't think Trump is thinking about a 2 year horizon, I think he is operating under the assumption he has at least 4 years.
Falstaff
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Gravel.is right. Even us die hard supporters are like pick a fucking lane.
Same shit with Ukraine. How fucking hard is it to pull all funding and Intel and stop losing face with that sawed off midget.
Big Phoenix
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Kirun
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China will smoke the US, because they aren't afraid to sacrifice hundreds of millions of lives if necessary. The US has lost its nuts because it's filled with foreigners with no ties/concern with its success and China did the smart thing and built a "food" ally in Brazil.
I still hope Trump goes all-in on this trade war, but the US public absolutely does not have the willpower to do whatever it takes like China's does.
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