r/wallstreetbets • u/s1n0d3utscht3k • Mar 03 '25

News Trump Officially Signs 20% Tariffs on China

https://www.barrons.com/news/trump-signs-order-for-20-tariff-on-china-w-house-d6fec57f
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u/M_from_Vegas Mar 03 '25

That's the neat part.

Donnie doesn't care. He said he was going to place tariffs from the get-go.

The only ones who will benefit are those who get to sweep in and buy on the cheap for the next four years. Just check who he keeps in close company.

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u/PHK_JaySteel Mar 03 '25

He can also selectively lift tariffs from specific companies. Now, with bribery being legalized again, you only need to pay coin to the regime and continue business unimpeded while your competition drowns.

I imagine this was always the intention of the tariffs. It's just another grift with these people.

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u/signalflo4 Mar 03 '25

Yup. By lifting the rules on anti money laundering and doing away with shell company owner verification, nearly nothing is stopping the rich from damn near wiring money to an account in exchange for getting on the exempt list

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u/Fast-Noise4003 Mar 04 '25

doing away with shell company owner verification

Wait, they repealed the new beneficial ownership reporting rules?

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u/signalflo4 Mar 04 '25

For US owned companies, yes. And now you can buy a gold US citizenship card for 5,000,000.

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u/0o0o0o0o0o0z Mar 03 '25

He can also selectively lift tariffs from specific companies. Now, with bribery being legalized again

Ya, that's why you see these delays, he is giving time for countries and companies to give him tribute to ease, delay, or not place tariffs on their product or industry.

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u/ChampionshipIll3675 Mar 04 '25

Yup. And I didn't hear any tariffs on Russia. They will become our new trading partner! Russian lumber and potash. It will be the best. So much winning.

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u/mcnastys Mar 03 '25

"The only ones who will benefit are those who get to sweep in and buy on the cheap for the next four years. Just check who he keeps in close company."

Not gonna happen. The soft landing looked like it was actually going to work, but no economy can withstand inflation of 20-25% overnight with people in the most secure job sectors (government) getting fired.

All the money these companies (and individuals) have to "swoop in" is based on stock valuations and overall inflated costs.

I expect we are going to see people jumping off buildings, great depression style.

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u/MrRandom04 Mar 04 '25

JPow and the previous admin just got the soft landing nearly right and then we have a midair collision. Funny how that goes.

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u/M_from_Vegas Mar 04 '25

Turns out that the so-called "business people" are all actually small business owners that will be directly impacted and potentially hurt the worst by tariffs.

Who could have ever warned them?

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u/King_Chochacho Mar 03 '25

He's being paid and controlled by 1. Russia and 2. Billionaire technocrats. Both of them want to cripple the US government and economy, just for different reasons.

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u/Cute-Elderberry-7866 Mar 04 '25

So what, hold more cash than normal and pay off debts for normal people? 

I'm also concerned what will happen to the US dollar during this administration.

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u/[deleted] Mar 04 '25

[deleted]

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u/No-Breakfast-8154 Mar 04 '25

The only thing that the USD has been backed by is our 1 trillion dollar military. As long as we are the world’s police force the dollar will be relevant. BRICS and the euro are catching up though

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u/jrex035 Mar 04 '25

The only ones who will benefit are those who get to sweep in and buy on the cheap for the next four years. Just check who he keeps in close company.

In fact theyre gonna get fat tax cuts to give them even more liquidity to buy up all the assets left behind by the desperate poors

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u/Jjhend Mar 03 '25

Hes setting the field for Oligarchs to come in and buy up everything.