I thought he suspended the tariffs on all countries except China for 90 days in order to negotiate because they all came to the table. That was fake? That news was everywhere. The market went crazy upward.
The confusion stems from msm saying they were canceled, which they were not. They just aren't going to be raised. The tariffs that were already there still remain, they just aren't going to go up for at least 90 days because those countries came to the table to negotiate. That is my understanding.
Holy shit, like I get where this dude is coming from, but there's a huge wrong assumption here
The market is not increasing because the tariffs were cancelled. The tariffs are not being cancelled. That is fake news.
The market increased because tariffs are good for trade.
I don't know if this is trolling, ignorance, or just a bad choice of words, but... damn, that's as wrong as you can get.
I thought he suspended the tariffs on all countries except China for 90 days in order to negotiate because they all came to the table. That was fake? That news was everywhere. The market went crazy upward.
Everyone else is still paying the tarriffs to us as punishment for not surrendering quicker, but those tarriffs are the reason the market are booming.
MORE TARRIFFS MORE TRADE!
I was referring to the 90 day pause on all of the reciprocal tariffs.
https://www.zerohedge.com/markets/us-stocks-saw-historic-after-us-president-trump-announced-90-day-pause-reciprocal-tariffs
Yes, that's because everyone simultaneously surrendered.
They still pay the tarriffs to us, because tarriffs are good for trade
Oops!
https://www.foxbusiness.com/media/cnbc-issues-on-air-correction-after-pushing-viral-falsehood-about-trump-tariff-pause
They all still pay 10%, he just canceled the extra tariffs.
Correct... but the 90-day pause of the reciprocal tariffs is what caused the jump in the market.
The confusion stems from msm saying they were canceled, which they were not. They just aren't going to be raised. The tariffs that were already there still remain, they just aren't going to go up for at least 90 days because those countries came to the table to negotiate. That is my understanding.
Exactly. It's so wildly misleading it's completely wrong
The market rallied because stocks were cheap and much uncertainty was removed from the immediate future.