KEY POINTS
- Donald Trump will “probably” announce a compromise with Canada and Mexico as early as Wednesday, which could scale back his new 25% tariffs on top U.S trading partners, Commerce Secretary Howard Lutnick said.
- The comments came after the U.S. stock market limped to a close for a second day of sharp declines.
- The Trump administration enacted sweeping tariffs on Canadian and Mexican imports after putting them on pause for a month.
Step 1: short a bunch of stocks likely to affected by blanket tariffs
Step 2: “I’m enacting a massive across the board tax” causing prices to fall
Step 3: close the shorts for a gain, buy newly lowered stock aft market dip. Announce ‘compromise’ that brings indexes back up
Step 4: Sell and profit a second time, prepare to return to step 1
Repeat over a dozen times the next two years
I don’t think he realizes you can pull the nail out but that doesn’t erase the hole you made.
I don’t think he cares. He doesn’t give a shit about the US, or how much damage he causes. He only cares about himself, and maybe a few of his associates, maybe, though I’d wager that caring only extends so far as they continue to act sycophantic. He’d turn on them in an instant if they stopped playing into his ego.
If another country’s leader was pulling this shit against the US, we’d have arranged for their leader to be deposed, or to fall down some stairs, or for a coup to occur, or something. If only some other country would do the same now.
Unfortunately the secret service is probably too competent to let that happen.
I dunno man, that’s the same secret service that let some kid with a trash scope get a shot off that basically won trump the presidency.
If memory serves right the President choose their agents since it helps build goodwill. I suspect that everyone in Trump’s secret service are those who got their transfer papers out last.
Compromise on what? You haven’t even told us what they’re really for you dumb shit.
It’s clearly not a compromise on the fentanyl situation, and you haven’t talked about anything else that we’ve changed.
Are you just compromising on your own?
art of the deal
He wants to be associated in the media with tariffs, since it’s something that his core supporters and people in swing states want.
In the past, he’s gone out of his way to very noisily associate himself with tariffs, without actually imposing a whole lot by way of tariffs.
I have an earlier comment giving good odds that Trump likely either wouldn’t impose tariffs or wouldn’t impose them for long – he’d do so long enough to make sure that people saw news coverage associating him with the things. I doubt that Truth Social and other media that favor him, like Breitbart, are going to make much noise about him ending the tariffs.
This kinda makes sense, but people also see the market ticker on the bottom of the same TV screen.
The target audience for this doesn’t care about the markets. They imagine tatriffs will scare the companies into giving the lower class more jobs with decent pay, and they don’t have stock or even big 401ks.
They should notice a complete lack of improved pay over the long term though.
Surely short term stock acquisitions are not really what is happening right now, right?
This (relatively) small fry market manipulation is 100% elons M.O. it’s how hes done business when not fleecing the fed for cash. Its why he was forced to buy twitter for fucks sake. but they arent really taking the short term discount acquisitions over the long term, are they?
If they are… Its… just so stupid. If it is something else, let me know.
What absolute idiot thinks you can run a crypto pump and dump scheme on the entire US econom-…oh
Yep, you’re right. And he totally got T’s buy in by letting him get a taste for his T coin scam.
I’m sure repeatedly shocking the market with surprise tariffs will be good for the overall health of the economy… Right? Surely the market will bounce back every time tariffs are lifted?
A good economy loves frequent unscheduled shocks… actually it craves it
Canada and Mexico should leave their retaliatory tariffs in place.
Double them up wait a month for the U.S. stock and commodity markets to absolutely crater.
Canada and mexico will absolutely crater first if pushed. Canada can maybe afford it short term and make trump blink first. They have a better position. Sheinbaum, for all the credit ill give her for not being a complete stooge like a good portion of the world expected, is in a much tighter predicament. I want her to go toe to toe. She has showed she isnt a puppet. But i dont think she can afford to hold out as long as necessary. Politically or economically.
Absolute coward blinks in the face of consequences. Surprise.
New headline: Drug addict who shits himself daily, changes mind again, and again, and again, and…
He needs to be impeached for market manipulation.
Put it on the pile.
They’re waiting to see what the fallout looks like, and trying to get better terms, or whatever they’re strong arming Canada and Mexico to get. I hope Canada and Mexico divest from us trade entirely and do not reward this behaviour at all or it will get worse.
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