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[SlimySnake]

Tomorrow will be fun
I'd buy some of the dip, but it keeps dipping. And if it keeps dipping then we all have to start worrying about layoffs and maybe needing that money.

I think they should have focused on bringing critical production back. Things like medicine, crude material refinement, etc. It's not urgent to bring back sowing tshirts or whatever. The giant tariffs across the board are crazy. We can't expect smaller countries to buy equal amounts of stuff from us as we buy from them.

They let the companies shut down factories for the last two decades and did nothing because they hate unions, and they hated the fact that the unions had negotiated higher paying salaries for their factory workers. Factory workers in America don’t make the amount of money factories in third world countries pay their workers. A lot of Auto and steel factories were shut down just in the last 10 years or so in Ohio. Charge those companies tariffs, penalties, take back there incentives, hold public hearings, there are so many ways to force people into investing in America.

Just a couple of months ago they were defending H1D visas that go almost exclusively to Indians. My company is literally opening a new office in Bangalore instead of hiring American. Target, those companies and those companies only.

But their goal is to take the economy.

 

[RJMacready73]

They let the companies shut down factories for the last two decades and did nothing because they hate unions, and they hated the fact that the unions had negotiated higher paying salaries for their factory workers. Factory workers in America don’t make the amount of money factories in third world countries pay their workers. A lot of Auto and steel factories were shut down just in the last 10 years or so in Ohio. Charge those companies tariffs, penalties, take back there incentives, hold public hearings, there are so many ways to force people into investing in America.

Just a couple of months ago they were defending H1D visas that go almost exclusively to Indians. My company is literally opening a new office in Bangalore instead of hiring American. Target, those companies and those companies only.

But their goal is to take the economy.

But how will the owners of these companies pay the monthly fire insurance premiums on their $30mil Beverly hills mega mansions or buy a 2nd super yacht?? C'mon it's the American dream to steel all the wealth and horde it from your fellow Americans

 

[Cyberpunkd]

The United States is among the wealthiest countries in the world and the average American earns an income that would place them roughly among top 1-2% globally. In terms of assets, more than 19 million Americans are in the top 1%, more than any other country in the world. Even just having a net worth of $5,000 makes you wealthier than half the global population. Economically, Americans enjoy one of the best outcomes in the world.

No, they do not. GDP per capita is meaningless without Purchasing Power Parity aka what will the money you earn buy you. Here are two important things to keep in mind:

1. Income in America is distributed less equally than in other market economies with democracy, see Gini Coefficent
2. A lot of costs in America are hidden, even when taking away the cost of living - sales tax ; tipping ; education ; healthcare , whereas in other econpmies with higher tax burden these things are already factored into disposable income

"Enjoying the best outcomes of the world" doesn't work when you have difficulties making it till the end of the month because eggs are $15 and not $0.5 as in Latin America.

 

[MarV0]

No, they do not. GDP per capita is meaningless without Purchasing Power Parity aka what will the money you earn buy you. Here are two important things to keep in mind:

1. Income in America is distributed less equally than in other market economies with democracy, see Gini Coefficent
2. A lot of costs in America are hidden, even when taking away the cost of living - sales tax ; tipping ; education ; healthcare , whereas in other econpmies with higher tax burden these things are already factored into disposable income

"Enjoying the best outcomes of the world" doesn't work when you have difficulties making it till the end of the month because eggs are $15 and not $0.5 as in Latin America.

Same reason why Rich Americans live as long as poor Europeans. USA is still the wild west compared to Europe. Europeans have their own big problems though.

 

[Atrus]

No, they do not. GDP per capita is meaningless without Purchasing Power Parity aka what will the money you earn buy you. Here are two important things to keep in mind:

1. Income in America is distributed less equally than in other market economies with democracy, see Gini Coefficent
2. A lot of costs in America are hidden, even when taking away the cost of living - sales tax ; tipping ; education ; healthcare , whereas in other econpmies with higher tax burden these things are already factored into disposable income

"Enjoying the best outcomes of the world" doesn't work when you have difficulties making it till the end of the month because eggs are $15 and not $0.5 as in Latin America.

The problems with income inequality and what you do with that massive amount of wealth is domestic policy. This is on the electorate. There are other wealthy economies who choose to distribute that wealth differently.

 

[Great Auk]

Billionaire Bill Ackman worried about the tariffs.

 

[Cyberpunkd]

The problems with income inequality and what you do with that massive amount of wealth is domestic policy. This is on the electorate. There are other wealthy economies who choose to distribute that wealth differently.

Yes, and from a perspective of a European Americans are fixated on theoretical principles without seeing the practical impact it has on their lives. "Land of the free and the brave" my ass if you are barely surviving and need to DoorDash as a second job.

 

[Dr.D00p]

There are other wealthy economies who choose to distribute that wealth differently.

Because they don't let big business dictate social policy. America will never escape the vice like grip that Wall St has, so Americans don't really have any say in the matter.

 

[BattleScar]

Because they don't let big business dictate social policy. America will never escape the vice like grip that Wall St has, so Americans don't really have any say in the matter.

Americans have difficult choices to make, but placing the power of government directly into the hands billionaires is not a good decision.

 

[dem]

Black monday has not shown up...

Pretty big reversal.. wtf is happening here?

 

[Great Auk]

Americans have difficult choices to make, but placing the power of government directly into the hands billionaires is not a good decision.

The POTUS is literally doing the opposite of what billionaires want right now. The ultra rich are worried about the tariffs.

Here is Bill Ackman disagreeing with the tariffs. We've also seen other billionaires worrying about the tariffs.

Bill Ackman warns world is on brink of ‘self-induced economic nuclear winter,’ begs Trump to pause tariffs

Billionaire fund manager Bill Ackman, who endorsed Donald Trump’s run for President, said the US leader was losing the confidence of business leaders and should pause his trade war.

nypost.com

 

[Sybrix]

Black monday has not shown up...

Pretty big reversal.. wtf is happening here?

90 days hold on tarrifs, except China.

 

[RJMacready73]

Why does the policy coming out of this administration seem like monkeys throwing shit at a board to see what sticks?

 

[DeafTourette]

As of 20 seconds ago...

 

[DeafTourette]

It's all in flux... Not a total nosedive but things are not roses or trash right bow

 

[dem]

Tariff delay fake news?

 

[Lunarorbit]

The problems with income inequality and what you do with that massive amount of wealth is domestic policy. This is on the electorate. There are other wealthy economies who choose to distribute that wealth differently.

On the electorate? Huh?

 

[DeafTourette]

Tariff delay fake news?

That's what's causing the yo-yo right now in the stock market

 

[StreetsofBeige]

What a head fake.

For those who didnt follow, markets opened down big again (not as bad as past few days but still bad), then around 10 am everything shot up as Trump said he's considering pausing tariffs. So from down -5%, a stock might had suddenly been +5%. Now everythings dropped again to the negative. All this happened in half an hour.

Lucky I didnt take the plunge. I saw the markets from the bad open, to the peak rebound. I was thinking about taking a dip when it already rebounded hoping this is the bottom and it'll be rebound city. If I bought half an hour ago, it'd be back down. Whew.

 

[GHG]

If anyone wants a lesson on why you're supposed to buy as its falling and not as it's recovering then that was just it.

 

[Nocty]

white house just said the 90 day pause on tarrifs is nonense, fake news. Amazing fuckery going on this morning

Not surprised we got a relief bounce though

 

[MaestroMike]

 

[AJUMP23]

Everyone should watch Freedom to choose.

 

[DrFigs]

What a head fake.

For those who didnt follow, markets opened down big again (not as bad as past few days but still bad), then around 10 am everything shot up as Trump said he's considering pausing tariffs. So from down -5%, a stock might had suddenly been +5%. Now everythings dropped again to the negative. All this happened in half an hour.

Lucky I didnt take the plunge. I saw the markets from the bad open, to the peak rebound. I was thinking about taking a dip when it already rebounded hoping this is the bottom and it'll be rebound city. If I bought half an hour ago, it'd be back down. Whew.

It was some fake news that was being passed around on Twitter. I believe even CNBC ran w/ it without verifying if it was real.

 

[Sybrix]

It was some fake news that was being passed around on Twitter. I believe even CNBC ran w/ it without verifying if it was real.

No way that wasn't thrown out by the White House to test the markets.

 

[rm082e]

...

 

[Great Auk]

It was some fake news that was being passed around on Twitter. I believe even CNBC ran w/ it without verifying if it was real.

Shows you actually pretty well how much bullshit the stock market is.

 

[Great Auk]

Well well well:

European Union offers to remove industrial tariffs on US goods: ‘Ready for a good deal’

The European Union has floated a “zero-for-zero” tariff resolution with the Trump administration after 20% import levies were imposed by Washington last week.

nypost.com

 

[FullMetalx117]

markets oozing with that meritocracy today

 

[MikeM]

Well well well:

European Union offers to remove industrial tariffs on US goods: ‘Ready for a good deal’

The European Union has floated a “zero-for-zero” tariff resolution with the Trump administration after 20% import levies were imposed by Washington last week.

nypost.com

“We stand ready to negotiate with the US,” von der Leyen added. “We are also prepared to respond through countermeasures and defend our interests.”

Sounds like a nothing burger.

 

[dotnotbot]

The European Union will need to lower its non-tariff barriers, including those created by value-added taxes, if it wants to reach a deal to lower U.S. tariffs imposed by President Donald Trump, White House trade adviser Peter Navarro said on Monday.

“EU, drop your 19% VAT. EU, respect the WTO (World Trade Organization) decisions to let us sell us our pork, our corn, our beef” in EU countries, Navarro said.

Yeah, it's not happening.

 

[DrFigs]

Well well well:

European Union offers to remove industrial tariffs on US goods: ‘Ready for a good deal’

The European Union has floated a “zero-for-zero” tariff resolution with the Trump administration after 20% import levies were imposed by Washington last week.

nypost.com

If we take Trump seriously, his goal is to replace income taxes with tariffs. So I don’t think this deal would appeal to him. But it’s hard to say for sure.

Also us asking other countries to lower their food standards so that we can sell our animal products that are loaded with microplastics, tumors, and anti-biotics, is pretty fucking depressing.

 

[Great Auk]

“We stand ready to negotiate with the US,” von der Leyen added. “We are also prepared to respond through countermeasures and defend our interests.”

Sounds like a nothing burger.

Look at this part:

"EU Trade Commissioner Maroš Šefčovič, of Slovakia, said the zero-for-zero arrangement would be applied to chemicals, pharmaceuticals, rubber, plastic machinery and cars."

That's all new, the comments were made today. The article also says that the EU places a 10% duty on all American cars. Interesting how that doesn't seem to cause global economic upheaval haha.

The fact that they're even talking about doing this means that they are willing to move on their established position.

 

[Great Auk]

Yeah, it's not happening.

Navarro is a bit of an idiot. VAT shouldn't even be part of this conversation. Trade barriers and tariffs should be.

 

[Kittehkraken]

Well well well:

European Union offers to remove industrial tariffs on US goods: ‘Ready for a good deal’

The European Union has floated a “zero-for-zero” tariff resolution with the Trump administration after 20% import levies were imposed by Washington last week.

nypost.com

Zero for Zero is going to help the European economy more than the American one.

Tariffs aren't why Europeans aren't buying more American cars.

 

[GudOlRub]

Look at this part:

"EU Trade Commissioner Maroš Šefčovič, of Slovakia, said the zero-for-zero arrangement would be applied to chemicals, pharmaceuticals, rubber, plastic machinery and cars."

That's all new, the comments were made today. The fact that they're even talking about doing this means that they are willing to move on their established position.

Look up TTIP, it already contemplated the elimination of both tariff and non-tariff barriers on goods (including agriculture, industrial, and consumer products), guess who axed the negotiations back in 2016?
But oh well, art of the deal ain't it?

 

[Great Auk]

Zero for Zero is going to help the European economy more than the American one.

Tariffs aren't why Europeans aren't buying more American cars.

So why even implement a 10% duty on all American cars? What are they even protecting if American autos are not even competitive?

 

[AJUMP23]

Zero for Zero is going to help the European economy more than the American one.

Tariffs aren't why Europeans aren't buying more American cars.

I think American cars are generally too large for Europe. And I think the Fords that sell over there are smaller. Also the German brands have completely different models in Europe than what they bring to the US. BMW is a luxury brand in the US, it is not in Europe.

 

[Kittehkraken]

So why even implement a 10% duty on all American cars? What are they even protecting if American autos are not even competitive?

Probably because the Americans have one on European cars? Like mentioned above, the Europeans have already offered Trump this deal before and he turned it down.

GM and Ford have European models for a reason. American ones don't sell worth shit.

 

[Great Auk]

Probably because the Americans have one on European cars? Like mentioned above, the Europeans have already offered Trump this deal before and he turned it down.

GM and Ford have European models for a reason. American ones don't sell worth shit.

I think they don't sell because they are too heavy and too big. They won't be good for gas mileage. Gas is 3 bucks a gallon here and I'm not even in a cheap market in the US. That's only 0.73 Euros a liter. Average in EU is more than twice that cost, almost 7 bucks a gallon.

 

[Kittehkraken]

I think they don't sell because they are too heavy and too big. They won't be good for gas mileage. Gas is 3 bucks a gallon here and I'm not even in a cheap market in the US. That's only 0.73 Euros a liter. Average in EU is more than twice that cost, almost 7 bucks a gallon.

Styling also comes into play but size is the biggest thing normally.

I cringed when Trump a month or so ago was talking about how its unfair that Japan doesn't buy more American cars. He has zero clue wtf hes talking about.

 

[Javi97]

At what time do they spray Trump and Musk with gasoline?

 

[Kittehkraken]

In other news, Trump is threatening China with an ADDITIONAL 50% tariff on April 9th.

Trump wrote on his social media platform that "if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th."

Trump tariffs live updates: Trump threatens additional 50% tariff on China

Trump's universal 10% levy against all countries went into effect early Saturday.

abcnews.go.com

 

[Javi97]

“We stand ready to negotiate with the US,” von der Leyen added. “We are also prepared to respond through countermeasures and defend our interests.”

Sounds like a nothing burger.

They intend to show firmness and conviction to fight while under the table they seek an agreement in which they do not give up too much. in China they must already be preparing an offer for Trump

 

[Javi97]

In other news, Trump is threatening China with an ADDITIONAL 50% tariff on April 9th.

The stock market hasn't fallen enough, says Trump

 

[Kittehkraken]

Also that win with Vietnam....

Vietnam's tariffs offer rejected by Trump adviser—"Not a negotiation"

U.S. trade counsellor Peter Navarro called Vietnam "the poster child for nontariff cheating."

www.newsweek.com

 

[Atrus]

Also that win with Vietnam....

Vietnam's tariffs offer rejected by Trump adviser—"Not a negotiation"

U.S. trade counsellor Peter Navarro called Vietnam "the poster child for nontariff cheating."

www.newsweek.com

Having no threshold to countries to meet and therefore creating massive levels of uncertainty is not a negotiating strategy.

This happened when Canada quickly reacted to the manufactured “fentanyl” issue and was told in the end that there was nothing they could do to prevent tariffs.

Insanity is not a strategy:

 

[SlimySnake]

In other news, Trump is threatening China with an ADDITIONAL 50% tariff on April 9th.

Are GPUs being manufactured in China still or is it all Taiwan?

I have 5080s finally in stock in my area and they are all $500 above the $999 MSRP. That's 4090 prices FFS. And this was before the retarded tarriffs.

 

[BattleScar]

The POTUS is literally doing the opposite of what billionaires want right now. The ultra rich are worried about the tariffs.

Here is Bill Ackman disagreeing with the tariffs. We've also seen other billionaires worrying about the tariffs.

Bill Ackman warns world is on brink of ‘self-induced economic nuclear winter,’ begs Trump to pause tariffs

Billionaire fund manager Bill Ackman, who endorsed Donald Trump’s run for President, said the US leader was losing the confidence of business leaders and should pause his trade war.

nypost.com

Nothing is better for billionaires than economic downturns. They get to buy up all the displaced assets of the bankrupted and impoverished middle class for cheap.
See: 2008 Sub-prime mortgage crisis.

Sure, all the hedge funds and bankers will get routed by the margin calls, but if any of them are at risk of failure, the taxpayer bail out will come to save them. They get their lovely bonuses, and any economic reform that is talked about is smothered by the press and massively demonised by various lobbies and think-tanks.

We've seen this playbook before. Economic downturns almost always see a massive transfer of wealth away from the middle class to the ultra wealthy. The only time in history this didn't happen was post WW2, where the middle class demanded reform come hell or high water. Following that we saw insane marginal rates of tax at above 90% in some countries like the UK and 70% in the US, and consequently, the biggest increase in middle class wealth ever.

 

[Javi97]

Ok, Trump has officially gone crazy, forcing poor countries to spend all their money in your country to achieve a Zero trade deficit is total insanity. Global trade doesn't work like that. American companies benefit more from the low-paid labor of Vietnam and Cambodia than Vietnam and Cambodia benefit from the United States. His mother was absolutely right about him... with Kamala Harris at least the world would not be in crisis