We are pausing for 90 days

[Kingran]

Markets on that news ripped 10% higher.

[SuisseBear]

Imagine you are member of the administration with a little foreknowledge and a brokerage account. Perish the thought.

[Kingran]

That would be illegal. But today morning Trump openly said be patient buy now… so he did give public a headsup

[eldemonio]

Well, kinda pausing. A 90 day “pause” at 10% for all the bootlicker countries. China tariffs just escalated to 125%, effective immediately. Yay, the markets are going wild!

https://www.marketwatch.com/livecoverage/stock-market-today-dow-eyes-700-point-dive-s-p-500-nasdaq-fall-treasury-yields-spike-as-tariffs-hit

@Kingran

But today morning Trump openly said be patient buy now… so he did give public a headsup

Let’s add insider trading to the long list of illegal activities.

[captainccs]

@Kingran

Markets on that news ripped 10% higher.

The Art of the Deal at work. Why is it that people don’t take known knowns seriously?

The Captain

[buynholdisdead]

@Kingran

That would be illegal. But today morning Trump openly said be patient buy now… so he did give public a headsup

Really? This is crazy, tomorrow he could say tariffs back on. Completely nuts.

[buynholdisdead]

@captainccs

The Art of the Deal at work. Why is it that people don’t take known knowns seriously?

LOL that is just to funny. It’s the art of the Con. He was scared by the EU and China so he is backing down.

[intercst]

I just got up and turned on my computer.

I was wondering if they invoked the 25th Amendment.

intercst

[SuisseBear]

China gets punished for its ‚lack of respect to the World’s Markets‘.

Looks like being unable to tell aggressor from aggressed party is more widespread than initially thought.

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump said in his social media post.

[Neuromancer]

@intercst

I was wondering if they invoked the 25th Amendment.

But then we’d be stuck with Vance. Not sure that’s a lot better.

The whole administration is dumber than rocks.

Although at least Congress would be involved.

[eldemonio]

@captainccs

Why is it that people don’t take known knowns seriously?

I take known clowns very seriously.

@intercst

I was wondering if they invoked the 25th Amendment.

Not this cabinet, they probably don’t even know what that is.

@SuisseBear

Looks like being unable to tell aggressor from aggressed party is more widespread than initially thought.

I think it’s fair to acknowledge China’s unfair trade practices. But self-awareness isn’t strong with this one. He has no inkling as to how he’s roiled the world’s markets, flushing trillions of dollars down the toilet.

China is patient, but they must be getting an itchy trigger finger. How long before they blow up US treasuries?

[SuisseBear]

@eldemonio

China is patient, but they must be getting an itchy trigger finger. How long before they blow up US treasuries?

Yields on the 10 year up 3.5% today… someone is selling already. How ‚disrespectful‘. Will incremental tariff revenues be wiped out by higher interest expense?

“The more troubling narrative of late is the notion of what we call a ‘sell America Inc.’ risk,” said ING’s regional head of research for the Americas region, Padhraic Garvey. “And it’s one that’s now dominating the rising-recession-risk theme that typically would have pushed yields down.”

Bond markets whipsaw amid 'sell America' trade in safe-haven Treasuries

[MarkR]

@Kingran

That would be illegal.

Is it illegal? I think I recall a few years ago that insider trading (per se) was declared legal for members of congress, and maybe for anyone in high-level government.

[mostlylong]

@eldemonio

A 90 day “pause” at 10% for all the bootlicker countries. China tariffs just escalated to 125%, effective immediately.

Do we still get $2 billion per day in tariff revenue, or was that “just kidding?”

Or was that “negotiating”?
I suppose with your constituents?

Or did Navarro just whisper that he used the wrong elasticity in his brilliant formula and if they use their formula as written, most tariffs are 10%?

This is a sitcom.

After insisting for days that he would hold firm on his aggressive trade strategy, Trump announced that all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July.

@mostlylong

Although these folks say the formula has no sound basis in economics or trade law, if you proceed with the formula using the proper elasticities, then most of the tariff rates are 10%.

[steve203]

@eldemonio

Let’s add insider trading to the long list of illegal activities.

Aren’t pols exempt from insider trading crimes? Of course, TIG has been given a free pass for any sort of criminal activity, while in office, if he can make some sort of claim that the activity was in pursuit of his job as POTUS.

Steve

[Kingran]

@MarkR

Is it illegal? I think I recall a few years ago that insider trading (per se) was declared legal for members of congress

Congress is not same as members of administration or “executive”. There is a reason they divest their holding before taking a position with administration.

[Hawkwin]

@Kingran

There is a reason they divest their holding before taking a position with administration.

They are not required to do so under law. That has often been past practice, not statutory law.

Additionally, the enforcement mechanism for any violations resides within the Executive Branch, soooo good luck with that.

Note this is from 2022 so this isn’t just the current admin:

CLC Seeks Investigations of Executive Branch Officials' Stock Trades

https://www.wsj.com/business/media/capital-assets-11665673055?mod=bigtop-breadcrumb

[buynholdisdead]

@MarkR

Is it illegal? I think I recall a few years ago that insider trading (per se) was declared legal for members of congress, and maybe for anyone in high-level government.

Do you have a link to that.

[unholydave]

This is a very positive move toward sanity. Tariffs abandoned, except for the one country that really deserves them.

His most feared monster, the “deep state” monster, emerged from under his bed, grabbed him by his pajama lapels, and threatened to drag him before the World Economic Forum in chains. He took the hint.

[steve203]

@unholydave

This is a very positive move toward sanity. Tariffs abandoned, except for the one country that really deserves them.

Not abandoned. More drama scheduled for 90 days from now. Listening to TIG’s comments now. He is saying Schumer and Pelosi said they had wanted to do something with tariffs for years, but no POTUS was willing to take the heat to do it.

Steve