Trump repealing tariffs seems like a misstep
I though they were trying to move money out of equities into bonds
But perhaps fighting china and the world was too much too soon
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Replies (7)
What if it's really 4d chess? What if he and others in his cabinet are actually orange pilled and they're trying to remove the tariffs the world over because Bitcoin operates flawlessly in that environment, where cash is political. i would guess producers would rather stay closer to production so all the main imports would be high end goods and all our food would be more locally produced while slowly eroding the fed's monopoly money.
Seems like it became a we can't fight everyone if China is going hard. Let's get others on board then deal with China.
I'm so lost in the sauce at this point for what is good or bad, but seems good in the short run and like a potentially better outcome than we had before
Just made himself look like a weak idiot
The bond rates skyrocketed so they thought they had to do something to address that, since refinancing the debt at a lower rate is a huge objective (they were left with a flaming bag of short term treasuries from the previous admin- that rollover this year)
Also a prolonged period of uncertainty (differing tariff rates and drawn out negotiations) would tank stocks and probably send the economy into recession.
So much of this stuff is perception and public sentiment. Our country is generally soft and can't handle much pain, so the shrieking would've grown louder by the day.
They will spin it however they can to save face. Some production will reshore, we will ween off of Chinese imports, money printer will go brrrr, and #bitcoin will rocket to mars
My 2 cents
I just hate the flip flop narratives
“Stock market isnt the economy we’re doing this for main street”
Followed by
“Look at the friggen stonksssss”
I think it would be incumbent for people to actually read The Art of the Deal. Then listen to what Bessent has been saying, then read about what he did with the Pound and Japanese Yen. Zero tariffs are the goal with the majority of countries in the end. Ultimately I think this is about shorting the Chinese Yuan and forcing China to sell US bonds, treasuries, real estate(foreign owned) and out of the stock market. Lastly forcing the CCP to start consuming more and producing less. We are all tariff experts now!
Thank him!
Also Democrats had double speak. I remember my Normie NPR brain being mad at him for touting the stock market as the economy during his first term.
It is all so tiresome
