Trump Does his Awesome New Tariffs. Winning!!

Check the numbers after the market closed

 

If other countries are paying for the tariffs, why not make it 1000%? He has found an infinite money glitch!

 

Yeah I know Nasdaq futures are down more than 4%. Just wondering why folks were so optimistic earlier today when it rose .87%.

 

Completely made up numbers that don't even pass the initial laugh test are fun. 10% tariffs from both Singapore and Brazil. It's like what a trade economist would put together as a practical joke.

 

Umm...excuse me sir. The cartoon guy said they were legit. Who are you going to believe - cartoon guy or 99% of economists in the country?

 

Looks like Scott Adams was fooled. I should have checked some of those numbers myself. Deleted the post. I award you 2 potatoes

 

Believe it or not Scott Adams brags about being a "trained economist." I still haven't checked the numbers but I'll take mdgator05's word that they are off bigley

 

You mean lowlights?

 

They know what they did

 

There were rumors they wouldnt be as broad or insane

 

There were also rumors they'd be as high as 20%.

 

I mean we had Navarro out there saying the tariffs would raise $600 billion per year in revenues, which if you do the math implies at least a 20% tariff. Of course the idiot doesn't seem to understand that a 20% tariff would greatly reduce the amount of imports, thus greatly reducing the amount of tariff revenue, but that's what he was saying.

 

You'd think they would have learned their lesson in Rd 1 of March Madness. Maybe we send Walt Clayton after them again

 

I think the mkts thought the tariffs would be less severe. I mean had the mkt been pessimistic enough, futures could have gone up after close.

 

raise your hand if you triple shorted the mkt today 30 min prior to close....

 

That rumor was priced in a few days ago, along with probabilities for the giant books of reciprocal tariffs and the random Trump narcissist resentment concentrated tariffs (and a small chance of all of this being walked back instantly). Then, today, somebody (speculate as to motives here) floated the rumor that the 20% was now going to be 10%, lowering the discount on that crazy rumor (I.e., increasing market value). What is incredible is that even those rumors would have been better than what we got. We got made up numbers with no idea how they can or will be managed. The markets would have probably preferred the idiocy of 20% across the board to this nonsense.

 

Ohhh....yep, that's insane.

 

Yeah....I suspect that's why poor Vietnam got 46%.....it's so sad. They are so anti China & so pro America.