Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”
But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.
That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.
He folded pretty quick lmfao
Wonder how long it’ll take for him to fold on China
How is this folding?
He said he was willing to renegotiate in the beginning due to unfair trade agreements.
I’m not a supporter. I’m just being objective here. How does this conclude to folding by taking the time to renegotiate to a better deal supposedly for his country which was the beginning goal again supposedly for his entire plan.
I see no evidence of him folding yet. To reiterate. Being objective to politics.
You seem to be completely misinterpreting market manipulation.
Because everything he says is objectively true, right?
because the tariffs activated, but lasted for half a day
They lasted for half a day due to the countries they were imposed on wanting to re negotiate trade terms. Trump is pausing at 10 percent for those countries he’s renegotiating with temporarily. He didn’t stop this whole tarriff war ordeal as a whole. Which is what folding would be referring to, meaning he gave up and folded as if his entire plan was a rouse. That was all I was saying.
I fail to see proof anywhere that points to folding due to some sort of outside pressure.
Negotiation was the entire point to get the US better trade deals according to him. For better or worse for his country renegotiation was part of his plan.
It is wild how emotional some are based on the downvotes. I clearly stated not a supporter and my objectiveness by simply reading the article and the comment I replied to being incorrect and emotion based. Nothing more nothing less.
He didn’t stop it because he still really really really wants to do tariffs, but he did fold. If he wanted to have a good round of negotiations usually you say ‘These are the tariffs we are thinking of implementing in x months’ which gives other countries time that’s needed for negotiations, but Trump didn’t want negotiations he wanted complete submission, hell Vietnam was like ‘sure we get rid of everything’ and the Trump government still didn’t agree because reasons, I think they said VAT.
If he didn’t want to do it why talk about manufacturing and how all that money from tariffs means they won’t have to pay taxes and so on. Like the guy thinks tariffs are great and fun and so beautiful he’d kiss them if he could.
Then US treasury yields kept rising which meant money was rapidly leaving and suddenly ‘oh those tariffs yeah we’ll stop them oh and during the trading day yes, not announce it normally, yeah this is urgent, wait no it isn’t this was all planned.’
Like the various people then would give conflicting info because this was totally planned.
Someone slightly smarter as him must have told him that it’s pretty tough to impose 100 percent tariffs on the whole world at once.
Oh, he’s not folding, he’s just demented. Doesn’t even remember why he did what when it seems.
Not sure he even knew in the first place.