That is exactly what this was. That is the art of the deal: manipulation. And exploitation. |
market is still well off its highs, our allies and trading partners still hate us and the Chinese now know that the US is at it alone. |
He could be, but since SCOTUS has give the president immunity, nothing would come of it. |
And people are dumping our treasuries. |
Either that or he’s not a fraction of the tough guy that he wants everyone to think. |
US companies are now going to be able to export more to other countries like Vietnam and Singapore because of the negotiations that Bessent is going to enter into with a lot of countries to get their 10% tariffs down. A lot of people don’t get that these countries will eat a lot of the tariffs and not pass it on to the US consumer because without the American market they are toast and places like Walmart and Costco are not going to accept foreign suppliers upping costs, period. I don’t trust morons like Lutnick. I do trust Bessent. Look up his track record. He know what he’s doing. |
What do you think the US gained that we didn’t have before? |
Only 10% of the US workforce works in manufacturing. Let me know when you work in a factory that is exporting to Vietnam. ![]() |
? countries like Vietnam don't import a lot from the US in part because our products cost more, and their wages are low. https://ustr.gov/countries-regions/southeast-asia-pacific/vietnam The large gap is not all due to tariffs. We import more crap from countries like Vietnam because it's simply cheaper for them to manufacture goods than it is for us to. So, unless American manufacture workers are willing to work for 3rd world country wages, the trade imbalance is not going to change. |
Isn't Bessent responsible for some of the problems the UK had recently? |
It was obvious. There was a spike yesterday when the rumor first floated, but the white house was steadfast in denying it. Then, this morning, the premarket activity was incredibly bullish, particularly on QQQ and SPY calls, and whoa, what do you know, a bunch of people made a crap load of money. Are you ok with market manipulation and insider trading? |
Trump doesn't know what he's doing. He caved because he said people were getting "yippy" and "afraid". Basically, he bowed to the billionaires' worries.
https://www.yahoo.com/finance/news/trump-says-he-decided-on-90-day-tariff-pause-because-people-were-yippy-and-afraid-181126787.html
The fools don't know what they are doing, or saying. |
China is dumping treasuries. People in other countries, as well as individual Chinese and Chinese companies are better off buying treasuries because their currency is devaluing. |
That’s very pre-2025. You don’t seem to understand that Trump has broken the word of the United States. It will take decades for anyone to trust us again. |