The trade and economy mega-thread (2 Viewers)

Watch Trump take a victory lap and crow about his genius and FOX follow suit instead of the story being ‘market rebounds as Trump doesn’t do the stupid thing he was about to do’
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New York (CNN) — US stocks skyrocketed higher Wednesday after President Donald Trump posted on social media that he authorized a 90-day pause on the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

Wall Street had been on edge, looking for any sign that Trump might shift his approach to his punitive tariffs. So when Trump posted that he authorized a pause on most reciprocal tariffs, investors were ready to dive in.

US stocks immediately surged. The Dow skyrocketed 2,963 points, or 7.87%. The S&P 500 shot up 9.52%. The tech-heavy Nasdaq soared 12.16%.

In a massive turnaround, the S&P 500 posted its best day since October 2008. The Nasdaq posted its best day since January 2001 and its second-best day in its history. The Dow posted its best day in five years………

superchuck500 said:

So Liberation Day has already been paused? What an absolute clown

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He's also a PANICAN.

Genuine question: What is it that these clown cultists believe Trump "won" with all of this nonsense?

Can someone confirm, because it seems a bit confusing.

He's only paused the tariffs above 10%, right? And not on China, where he's escalated the trade war there with a 125% tariff?

And this is... "best day in the market since 2008"... good?

superchuck500 said:

Genuine question: What is it that these clown cultists believe Trump "won" with all of this nonsense?

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You win the Nobel prize for economics, medicine, and peace when you find out.

Didn't someone on here say they thought he wanted to tank the market, so that when it went back up it would be a YUGE number, and he would then gloat about it?

Here’s a shocker - they won’t say who any of the countries are who supposedly reached out to work on trade deals.

zztop said:

Didn't someone on here say they thought he wanted to tank the market, so that when it went back up it would be a YUGE number, and he would then gloat about it?

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I’m not sure that he isn’t manipulating the market for his own personal gain.

zztop said:

Didn't someone on here say they thought he wanted to tank the market, so that when it went back up it would be a YUGE number, and he would then gloat about it?

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I had spoken to my FA who works for national firm ...he told me Trump hated the fact Biden saw 20% over last 18 months and he they think he was, in part, doing for this reason

zztop said:

Didn't someone on here say they thought he wanted to tank the market, so that when it went back up it would be a YUGE number, and he would then gloat about it?

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Indeed, the lead story on CNN is that today was the best day for the Market in 16 years, and his sycophants are ready to praise his "brilliance."

But the record gains still aren't enough to offset the record losses from where we were last week.

MT15 said:

I’m not sure that he isn’t manipulating the market for his own personal gain.

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Saw this for what it's worth:

Booker said:

Indeed, the lead story on CNN is that today was the best day for the Market in 16 years, and his sycophants are ready to praise his "brilliance."

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I could totally see him calling into faux news and boasting something like 'NoBodee has has such a YuUGEe spike in the market until I came along' (the missing part would be he caused the downfall as well - but I feel that part will probably be glossed over).

superchuck500 said:

Genuine question: What is it that these clown cultists believe Trump "won" with all of this nonsense?

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A friend of mine is a financial planner. He now lives in Denver,but we've known each other since Jr.high.
Like me he has friends that are in the Trump can do no wrong territory. I'm anxious to see how they respond
to this.
he posted the following on his FB page

Well, the big dog got taken down several notches. Trump over played his hand and had to pause tariffs for 90 days. (China excluded which, I think, is good though supply chains will be difficult for a while.) He will, of course, try to spin this as his victory but make no mistake he was taken down AND he is in a much weaker position going forward. As late as yesterday the White House was doubling down and yelling no mercy! What took him down? The bond market. Yields were rising as no one wanted to lend in this environment of uncertainty so companies desperate for liquidity were bidding up the yields. No lending, no growth, no growth and not only a recession but possibly a depression (Smoot Hawley 2.0). In addition, it was increasing the debt service on the new national debt AND investors were selling US debt! (Now those stupid videos saying this was intentional to refinance the debt should disappear.). Now, every country he negotiates with going forward knows he has no teeth for reparations and also knows the severe tariffs are off the table. Good. Now we can look to reciprocity which is reasonable and beneficial. I would love to believe he has learned his lesson but since he has twice said he has no need to repent before God as he has done nothing wrong I doubt we'll see an acknowledgement here. The sad thing is reciprocity could have been achieved by private negotiations without the drama. On the positive side of this, the other nations will not look bad by negotiating now and can even look magnanimous. Perhaps God had pity on us though I don't think we deserved it with our idolization of a man