r/wallstreetbets • u/Patrick_Liu • 29d ago
News Trump says he's lifting tariffs on most goods from Mexico for 4 weeks amid economic fears from trade war
WASHINGTON (AP) — Trump says he's lifting tariffs on most goods from Mexico for 4 weeks amid economic fears from trade war.
https://finance.yahoo.com/news/trump-says-hes-lifting-tariffs-163610783.html
https://finance.yahoo.com/news/trump-likely-defer-tariffs-usmca-153549096.html
Update: Tariffs against Canada are also paused
https://finance.yahoo.com/news/trump-likely-defer-tariffs-usmca-153549096.html
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u/suninabox 29d ago
Nah bro, General Motors just announced plans for a pop up factory, this month only. It's in this old abandoned warehouse in a cool neighborhood in Detroit. Rumor has it they don't take reservations, you just gotta go to the factory and take whatever car they give you.
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u/Yogurt_Up_My_Nose It's not Yogurt 29d ago
yeah and they don't drop the location until 1 hour before.
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u/IJWTGH66 29d ago
Perhaps we all died during COVID and were stuck in purgatory.
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u/LetheMariner 29d ago
a little lower, i think.
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u/Thiezing 29d ago
Florida?
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u/NewNewark 29d ago
2012, the mayans were right
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u/Embarrassed_Jerk 29d ago
It has been a steady decline around the world since then, hasn't it
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u/JayGeezy1 29d ago
At this point I think its more likely we are all NPC's in Elon's personal Matrix. Nothing else explains the insanity.
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u/Argnir 29d ago
He doesn't even have a working penis in his personal Matrix
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u/Ashamed_Restaurant 29d ago
Even in his wildest dreams he's still just assistant to the President.
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u/kellyk311 29d ago
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u/ihateeuge 29d ago
What a fucking joke
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u/Longjumping-Ad2201 29d ago
Almost like a senior citizen shouldn’t be running USA
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u/NoMoreAtPresent 29d ago
There are millions of senior citizens who are smarter, better, and more qualified than the one we have in place.
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u/hanlakewind 29d ago
But but look at the amount of money we “saved” from killing USAID!
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u/Special_Art8042 29d ago
The actual flip-flopping of economic policies based on how well his medication works in the morning is going to do more damage to the US economy than actually implementing the tarrifs would ever do.
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u/NewOil7911 29d ago
This.
First rule i was taught in business class: uncertainty is the worst.
If the end goal is become an autarcic economy : no one will pay millions of capex for a plant in the US if the tariffs are always on for only one day.
If tariffs are just used as a threat: investment decisions related to the US market are gonna be delayed as long as the picture is not clear, reducing growth.
At some point, he's gonna need to choose which one it is.
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u/murphymc 29d ago
It’s pretty close to literally being the first thing they teach in business and economics, no?
I distinctly remember this being stressed on the first day of the ECON100 gen-ed I had to do.
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u/Rock-n-RollingStart 29d ago
Maybe you should have gone to the Wharton School of Business, the most elite economic institution on the face of the globe according to many smart people.
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u/Sir_PressedMemories 29d ago
"Donald Trump Was the Dumbest Goddam Student I Ever Had."
-Professor William T. Kelley, Wharton School of Business and Finance
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u/KingInTheNorthside3 29d ago
Just wanted to let it be known : I had to google the word autarkic. Yes it has a ‘K’ there instead of a ‘C’.
That’s the only meaningful contribution I’ve got to make here.
Hope you guys make all the $$$ you could ever hope for, because I’ve not got a rats ass of an idea of what I am doing.
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u/TootCannon 29d ago
You came here and made this comment and you aren’t even going to tell us what it means?
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u/KingInTheNorthside3 29d ago
Sorry dad.
Autarkic - self sufficient, or operating independently without outside support or trade.
Please don’t make me stand in the corner with my nose against the wall.
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u/ltcweedme 29d ago
Unless he is not interested in the well-being of Americans at all and is just crashing the market so he and his friends can buy low and then sell high. He is not interested in the long term economic viability of his plan, he bought a company, now he's going to strip all its assets, get what he can and dump i.
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u/RandyChavage Uncovered Runic Glory 29d ago
He tweeted about Zelensky being a dictator and then a few days later he had no memory of doing so. He’s clearly senile
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u/Brilliant-Option-526 29d ago
The fart of the deal.
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u/manyhandz 29d ago
The Shart of the deal.
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u/Shart9 29d ago
Did someone say my name?
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u/TunaSunday 29d ago
I am a supply chain manager who has dozens of Canadian/mexican suppliers and customers. This has been a stressful day. Is the start of every month going to be this economic psychological terrorism?
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u/Rufus_king11 29d ago
Yes, and that's the point.
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u/DJwalrus 29d ago
Companies love to invest during times of economic uncertainty. Its what the shareholders crave.
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u/darknekolux 29d ago
what do you mean every month? every week is gonna be like that.
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u/emanon_dude 29d ago
As a business owner that does the same, it’s definitely caused me a few more gray hairs and higher blood pressure over the last few weeks.
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u/DObservingayayay 29d ago
Depends if you voted for this or not.
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u/notnotaginger 29d ago
It’s funny cause that sub used to have anti-Trump conservatives, but now even those are blocked. Free speech!
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u/SpeshellED 29d ago edited 29d ago
Comrade Cheeto blinks and then blinks again and again. Paper tiger ! Emperor with no clothes. All mouth no substance. Too stupid to understand the consequences of his actions.
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u/Dmoan 29d ago
Friendly reminder if Trump had held onto his Father 30k count property empire in NY he would be one of richest man alive instead lot of it was squandered on his failed ventures.
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u/StupendousMalice 29d ago
Yep. Trumps business acumen provides a lower return than literally doing nothing at all.
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u/AlienInTexas 29d ago
What a circus. At this stage, the uncertainty about tariffs is even worse than the tariffs itself. Businesses can't make any reasonable decision right now when this admin is uncertain what they want to do. At the same time this whole stuff is destroying the consumer demand abroad and boycotts of US products are already more damaging than the tariffs itself.
Neither Mexico nor Canada will back down until Trump decides to completely abolish this idea and we all know he will, cause it was stupid from the very beginning.
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u/flyingalbatross1 29d ago
It's causing lasting damage to relationships and USA companies
Ontario aren't suddenly going to fill their shelves with Kentucky Bourbon tomorrow because tariffs are delayed.
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u/cameraninja 29d ago
Even if they did fill the shelves, the demand is gone. No one wants to touch US products.
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u/superpt17 29d ago
There is a whole movement in r/buyfromeu
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u/CIABot69 29d ago
The BuyCanadian movement is bigger though, if we go off of Reddit as fact.
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u/Feed_Spare 29d ago
Speaking as a canadian, I was at a hockey game last night and the box we were invited to had a fridge. As soon as all the canadian and international beer was gone, there was only American. Everyone just kept going to the concession stand and paid for the 10$ stadium beers instead of drinking the FREE american crap. Canadians are not fucking around with this. It literally feels fucking good paying more for a cause you believe in.
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u/banditcleaner2 sells naked NVDA calls while naked 29d ago
This entire administration is like how I did in my job when I first started, was clueless, and nobody was training me.
JD vance's comment of "have you said thank you a single time?" in the meeting with zelenskyy really reminded me of times when I was in meetings and I hadn't said much and I thought "oh fuck I should contribute something", and then I started saying bullshit just to make up for lost time for me to speak.
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u/breakevencloud 29d ago
Too bad no one else is going to follow. You can’t just talk shit to your closest friends, say you want to bang their wife, annex their house, etc. and then say “just kidding, bro” afterward
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u/beejee05 29d ago
It’s a prank it’s a prank!
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u/KirkLazarusAlterEgo 29d ago
How dare you take my very real threats seriously!!!
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u/burglin 29d ago edited 29d ago
It makes him look so fucking weak. He thought that Canada would just capitulate, and now Trudeau has rightfully placed tariffs that will remain in place until he is satisfied that this tariff crap is over with. So now we get literally nothing from it, and Mexico and Canada will continue to benefit.
He created a trade war against himself, and lost
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u/Beneficial-Zone-4923 29d ago
As a Canadian I'll add that we don't really benefit from having tariffs in place (in the end its us paying more for American stuff) but I fully support the government keeping them on so we don't have to go through this on/off bs every month. Hopefully the provincial governments also keep the booze off the shelf as that seems to have American businesses crying and doesn't (imo) significantly effect Canadians.
I'm not a business owner but I can't imagine trying to plan anything when you don't know if all your supplies are going to have 25% (or more due to stacking tariffs being mentioned) extra costs added every month.
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u/branyk2 29d ago
Honestly, the booze thing is possibly long-lasting to semi-permanent even if it's officially lifted. For decades, it'll be a point of national pride to not drink American. It'll maybe slowly fade as it's passed down generations, but by then it'll just be preferences that keep it shoved out.
Making alcohol choice a patriotic thing is so incredibly simple since it's relatively low individual investment and there are already social dynamics and peer pressure to keep people accountable.
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u/Phil_on_Reddit 29d ago
He starts a trade war for no real reason, learns his favorite metric - the stock market - hates the move, reverses course almost immediately. Why anyone in the year 2025 still thinks this person is good at business or negotiation is beyond me.
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u/AlexCoventry 29d ago
If he's trading financially against his policy flip-flops he's making out like a bandit, which to him is probably excellent business/negotiation.
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u/Timely_Tea6821 29d ago
Trudeau has a better mandate than trump. Trump doesn't understand rally around the flag effect he won't have it asides from his hardcore base. The Canadians are willing to suffer more hardship than the avg American if i were Trudeau I would keep full broad tariffs with no exception until all have been removed.
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29d ago
Trump's been the best campaigner for the Canadian liberals this election season lmao, took it from not even a shot of winning to a competitive chance
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u/jj3904 29d ago
its pretty wild....for all of 2024, the consistent assumption was the liberals were going to get shellacked in the upcoming election (for a while they were even projected to end up with fewer seats than Bloc Québécois) and now in the last month it has changed drastically.
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u/ReanimatedBlink 29d ago
To be fair, our last election was deliberately timed so that the followup election would hit in mid-late 2025.
Either the Dems were going to have a wave of success that the Libs intended to ride (obviously didn't happen), or the Republicans were going to win and Canadians would respond by pushing against conservatism.
Canadian political parties always run on American talking points. It's never been this meta before though.
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u/ryanv09 29d ago
It makes him look so fucking weak.
Seriously. This immediate backpedaling signals to everyone that they can just ignore all of his threats, because they are empty, like the rest of his words.
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u/TapTapTapTapTapTaps 29d ago
This is how they go on offense, Canada and Mexico have an actual relationship. They call each other up and so “don’t blink” and now Trump is the one going to be stuck scrambling.
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u/Oberon_Swanson 29d ago
I look forward to tighter MexiCanadian relations in the future. I work in food and we are expanding our Mexican products a good amount. The US has kind of a stranglehold on the soda market and I'm sure Coke and Pepsi will be on shelves for a long time but we are giving people other options and they are taking them.
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29d ago
That is literally these folks sense of humor in real life. Trash talk people to their face, then when they fight back act offended that they didn’t understand you were just joking gah. Rinse and repeat
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u/Reduntu Freudian 29d ago
That's how he's treated all of his "friends" his entire life.
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u/breakevencloud 29d ago
And, somehow, that got him, and by extension all of us, to this place. What. The. Fuck.
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u/PeachScary413 Hates Europoors 29d ago
He keeps getting cucked over and over again
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u/Moderately_Opposed 29d ago
Didn't pay for the wall.
Didn't get tariff'd.
How does Mexico keep doing it?
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u/illmindsmoker 29d ago
Art of the deal. Nothing like the strong strategy of a guy who failed at casinos and vodka, two very resilient industries. But go on tell me how he is a smart businessman for filing chapter 11 on all his businesses. His only successful one is leasing his name to put on stuff.
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u/MinimumCat123 Mistakes were made 29d ago
His businesses were never meant to succeed, they were vehicles to skim funds to his own pocket.
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u/JayGeezy1 29d ago
Exactly. A lot of people don't understand you can still get very rich, personally, while driving a perfectly good business into the ground and leaving ruin for all the other stakeholders.
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u/AdministrativeGift80 29d ago
Somewhat frightening thought given the business he's currently running.
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u/warriorsReaper 29d ago
I’ve seen infants with a more stronger grip on what they want
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u/Unearth1y_one 29d ago
It's easy Ivanka bought puts before he tweeted the first tweet that he was going to impose tariffs.
Then she bought calls before he tweeted this.
Rinse, repeat.
Market needs to stop reacting to every fucking tweet.
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u/sinkieforlife 29d ago
This would work only the 1st few rounds. Eventually the markets would just move away. Already the rest of the world is out performing
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u/unoriginal_user24 29d ago
Markets took another drop right after he delayed the tariffs until April. I think everyone is pulling back and starting to see this for what it is.
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u/Greenzombie04 29d ago
Its entertaining going to conservative reddit watching them defend all these moves like hes this strong leader.
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u/Nateleb1234 29d ago
That place is odd. First of all they don't let anyone post who doesn't have a conservative flair and all the posts are just everyone in an Ecco chamber saying how he's the greatest person who ever lived.
It really is a cult
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u/NotTakenGreatName 29d ago
He's gonna do this back and forth shit his whole term huh?
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u/Cricket_Piss 29d ago
I don't know about other countries, but if he keeps this up I could see Canada just saying fuck it, we'll keep our tariffs going until Trump is out of office. Then he can flip-flop all he wants, and we can safely ignore it.
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29d ago
I want off this fucking roller coaster. This is supposed to be flexing America's power or some shit and he keeps backing down. What a joke
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u/MattPatriciasFUPA 29d ago edited 29d ago
Severely regarded economic moves, he should be a mod of this sub
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u/Wind_Yer_Neck_In 29d ago
Trump: We're gonna tariff you! hahaha!!
Mexico/Canada: ok yeah, seems dumb, I guess we will put tariffs on you too then.
Trump:
speaking in hushed tones to an aide
Can they do that?!?
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u/GetNooted 29d ago
The problem is he thinks he’s flexing power but all he’s actually doing is making America the laughing stock of the world with some of the dumbest shit we’ve seen.
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u/Working-Welder-792 29d ago
America has never looked so weak.
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u/DoctorWMD 29d ago
It's like watching someone put a rake on the ground, step on it, step back, step forward, ad nauseum.
...in a yard with no leaves.
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u/ifwinterends 29d ago
Someone’s making a lot of money off this market manipulation, and it’s not us.
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u/Kungfufuman 29d ago
This is his strategy to keep people in "fear". He's gonna play with threats and tariffs until Americans stop fighting against him or he feels that it'll be minimal repercussions for his actions because we're either tired, desensitized or scared.
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u/Ok-Efficiency-5728 29d ago
He scared. Total pussy
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u/Regenbooggeit 29d ago
I mean he shouldn’t be doing it in the first place. Just fucking quit the bullshit, renegotiate if you’re unhappy about shit and make the stock market great again
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u/Ok-Efficiency-5728 29d ago
He's going to be 80 next year, do you think he's actually of sound mind?
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u/J_Kingsley 29d ago
Lol at renegotiate.
I mean you're right.
But it was his own administration who renegotiated NAFTA into CUSMA in 2018.
His own goddamned deal lol.
He's obsessed with trying to make himself look like the big dog everywhere he goes, and is willing to shake the tree while he's at it.
Seems like he's overextended tho.
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u/Scro86 29d ago
For real. I have no idea why the press don’t call him out on this to his face. “It’s the worst deal, it’s so unfair to us”. Motherfucker you made the deal!
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u/EatsRats Stormin Mormon 29d ago
Other countries are going to just not budge anymore. You do what you want, small child. Our tariffs will remain in place.
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u/JuicerMcGeazer 29d ago
"I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement." - Trump
Why does he think Mexico would pay the tariffs? Does he seriously not understand how tariffs work?
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u/NewOil7911 29d ago
The man thinks that the trade deficit with Canada is akin to a direct subsidy from the US coffer to Canada out of kindness, so, no, he doesn't understand.
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u/Sarcasm69 29d ago
Omg, I haven’t seen it said with the hard T in a while. He is making America great again
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u/smithif 29d ago
This is all just blatant market manipulation. Same thing he’s doing with crypto. Just trying to shake loose as much of the middle class as possible from the market.
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u/TheOneNeartheTop 29d ago
I like to think that whomever he has been feeding tips to just lost all of their gains from the market manipulation because they bet it all on a pump with this delay and their calls are down 95%.
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u/throwinmoney 29d ago
I just want to know if I can afford avocados by the time cinco de mayo rolls around.
Puts on Tostitos if not
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u/NugKnights 29d ago
Businesses love not knowing what the fuck is going on.
Makes it real easy to plan for future developments.
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u/Wild-Regice 29d ago
So first it was a month delay, now it's 4 weeks.
I guess next time it'll be 30 days.
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u/JustAQuickQuestion28 29d ago
Yet the market continues to go down
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u/Pop_A_Smoke 29d ago
Because this fucking clown changes his mind more than someone trying to start a diet
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u/-BabysitterDad- 29d ago
Market is going down not because of actions he had taken and reversed. It’s because he’s unstable.
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u/Tsarbomb 29d ago
Canada hasn't lifted tariffs and has said that there is no meeting in the middle. Trump can carve out exemptions where he likes, Canada will continue with full spectrum tariffs until he fully backs down.
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u/AffectionateSink9445 29d ago
Canada tariffs are still on and private firms are estimating huge amounts of layoffs
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u/BarryBurkman 29d ago
He can’t stick to a position. It’s why his businesses ultimately fail. They are UNRELIABLE
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u/WaifuHunterActual 29d ago
Also because he's a massive regard conman who surrounded himself with more conmen
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u/Normal_Ad_1767 29d ago
Canada and Mexico should agree that until all tariffs are dropped and the terms of the existing trade deal signed by this very President are honoured, they will apply their counter measures in unison.
They are clearly showing their weaknesses. When they reveal exemptions and roll backs or lower tariffs those are the very things they fear losing the most.
We need to return to stability. It just hurts people in the end.
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u/Mnshine_1 29d ago
LMAO L LITTLE BITCH. If you want to fuck up the economy do it properly and not halfway.
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u/Regenbooggeit 29d ago
So calls?
Edit: looking at the market, I guess not
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u/WaifuHunterActual 29d ago
No because now no one knows what the fuck this clown will do so they will just pull out for a while (or forever)
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u/Special-Remove-3294 29d ago
Market dosen't like uncertainty so removing tarrifs dosen't help it much since he adds or removes tarrifs every few fucking days.
Can the US legislative branch do something? Like literally anything, beacause right now it seems like they don't even deserve the salary that they get because they do nothing. The US head of state is fucking the country over by adding and removing tarrifs randomly every 2 days. Like why are they allowing him to fuck America over by this? There are 0 benefits to constantly changing tarrifs every few days. It just fucks the US economy and the global economies. Why is the USA juridical and legislative branch allowing this?
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u/BullPropaganda 29d ago
Is this the economic equivalent to "I'm not touching you, I'm not touching you, I'm not touching you"
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u/bmeisler 29d ago
Looks like what I was expecting to happen happened today - says tariffs are off (again) - and the market tanks anyway. You can only pull the rug so many times. Market hates uncertainty - and this isn’t uncertainty, it’s chaos.
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u/jerm2z 29d ago
Believe it or not, dip
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u/StevoFF82 29d ago
Not surprising at all. He just keeps adding to the uncertainty not eliminating it.
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u/daniel940 29d ago
Just a reminder that we just passed the 5 year anniversary of Trump announcing at a press conference that "COVID is the latest Democrat hoax". It doesn't matter how confidently he proclaims to understand what's happening and how it will play out, we've already seen he lives in a world of his own dark, punishment-oriented imagination. In other words, the guy who said COVID would be gone in weeks is the same guy saying tariffs will cause some temporary pain and then make America stronger.
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u/No_Obligation_3568 29d ago
He’s doing this because Canada and China didn’t back down like he figured they would. He can’t risk mexico going full trade war with the us also. China went as far as to threaten actual war with the US, not just a trade war.
Dudes a fucking moron
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u/william_cutting_1 29d ago
Kamala never threatened to invade Canada....just sayin'
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u/whatproblems 29d ago
is policy that easy you can just flip a switch on and off? like some places probably have it set and others don’t so it’ll just be a mishmash of effects
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u/VisualMod GPT-REEEE 29d ago
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