Latest Breaking News

Joe Cool

(1,071 posts) Wed Apr 9, 2025, 01:54 PM Apr 9

Trump temporarily drops tariffs to 10% for most countries, hits China harder with 125%

This discussion thread was locked as off-topic by GP6971 (a host of the Latest Breaking News forum).

Source: CNBC

He is just making things up as he goes along. There's no rhyme nor reason to his decision-making.

Read more: https://www.cnbc.com/2025/04/09/trump-announces-90-day-tariff-pause-for-at-least-some-countries.html

18 replies

= new reply since forum marked as read

Highlight:

Trump temporarily drops tariffs to 10% for most countries, hits China harder with 125% (Original Post) Joe Cool Apr 9 OP

Manipulating markets, or panic because of bond market? Total chaos. Wingus Dingus Apr 9 #1

Either way he needs to be removed from office mdbl Apr 9 #10

He's managing to single-handedly bring down the richest and most free country on earth in mere weeks, so...yeah. Wingus Dingus Apr 9 #11

trump announces 90-day pause on 'reciprocal' tariffs with exception of China LetMyPeopleVote Apr 9 #2

He's manic. C_U_L8R Apr 9 #3

If I turn on the nightly network news tonight... NCDem47 Apr 9 #4

Don't watch FoxNews because no doubt they will have someone proclaiming that LymphocyteLover Apr 9 #8

The US imports most of its products from China so raising to 125% is worse, not better market news. ImNotGod Apr 9 #5

Yeah, I was thinking that the China part is pretty bad though maybe the stock market is thinking trump will cave on LymphocyteLover Apr 9 #7

Yes, the market sees Trump is caving. It's just a matter of time before he caves to China too. SunSeeker Apr 9 #9

well, at least they distracted everyone from Signalgate LymphocyteLover Apr 9 #14

Total clown show. He is a completely unreliable idiot. LymphocyteLover Apr 9 #6

Leonard Leo and Koch are suing him over the tariffs....that certainly is part of it. He doesn't DARE go against PortTack Apr 9 #12

This message was self-deleted by its author applegrove Apr 9 #13

we are passengers on a runaway train. Good movie BTW, but that was a movie. This is real shit. nt Evolve Dammit Apr 9 #15

Well, now we know why the market was up yesterday PSPS Apr 9 #16

I'm sure he personally made a ton of $$$$ over this scheme. BigmanPigman Apr 9 #17

Locking. No link to article and GP6971 Apr 9 #18

Wingus Dingus

(8,946 posts)

1. Manipulating markets, or panic because of bond market? Total chaos.

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 01:56 PM

Apr 9

I'm starting to think this guy doesn't know what he's doing....

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mdbl

(6,269 posts)

10. Either way he needs to be removed from office

Reply to Wingus Dingus (Reply #1)

Wed Apr 9, 2025, 02:13 PM

Apr 9

For still being a big crook or a big dumb-ass.

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Wingus Dingus

(8,946 posts)

11. He's managing to single-handedly bring down the richest and most free country on earth in mere weeks, so...yeah.

Reply to mdbl (Reply #10)

Wed Apr 9, 2025, 02:16 PM

Apr 9

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LetMyPeopleVote

(161,916 posts)

2. trump announces 90-day pause on 'reciprocal' tariffs with exception of China

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 01:56 PM

Apr 9

10% tariffs are still too high
https://bsky.app/profile/JoePeeters.mastodon.social.ap.brid.gy/post/3lmfjzbjyja52

Link to tweet

https://www.cnn.com/2025/04/09/business/reciprocal-tariff-pause-trump/index.html

President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

Tariffs on China will be increased to 125% from 104%, he said.

Trump in a Truth Social post Wednesday said he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump said in his social media post. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” he wrote.

The higher tariffs on China came after Beijing announced new retaliatory tariffs on the United States to take effect on Thursday. The Trump administration has taken particular aim at China’s trade practices.

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C_U_L8R

(47,155 posts)

3. He's manic.

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 01:57 PM

Apr 9

Congress, this is a demented President who is actively harming the country. Uphold your duty and do your job.

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NCDem47

(2,781 posts)

4. If I turn on the nightly network news tonight...

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 01:58 PM

Apr 9

...and get a sound bite from anyone claiming this is a brilliant and/or strategic negotiating move by Trump, I will loose it.

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LymphocyteLover

(7,832 posts)

8. Don't watch FoxNews because no doubt they will have someone proclaiming that

Reply to NCDem47 (Reply #4)

Wed Apr 9, 2025, 02:07 PM

Apr 9

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ImNotGod

(642 posts)

5. The US imports most of its products from China so raising to 125% is worse, not better market news.

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 02:00 PM

Apr 9

Stock markets are going through over exuberance, a kind of Stockholm Syndrome.

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LymphocyteLover

(7,832 posts)

7. Yeah, I was thinking that the China part is pretty bad though maybe the stock market is thinking trump will cave on

Reply to ImNotGod (Reply #5)

Wed Apr 9, 2025, 02:06 PM

Apr 9

China tariffs too

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SunSeeker

(55,501 posts)

9. Yes, the market sees Trump is caving. It's just a matter of time before he caves to China too.

Reply to LymphocyteLover (Reply #7)

Wed Apr 9, 2025, 02:10 PM

Apr 9

The Dow Jones is now over 40,000. They think this trade war will soon be over.

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LymphocyteLover

(7,832 posts)

14. well, at least they distracted everyone from Signalgate

Reply to SunSeeker (Reply #9)

Wed Apr 9, 2025, 03:37 PM

Apr 9

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LymphocyteLover

(7,832 posts)

6. Total clown show. He is a completely unreliable idiot.

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 02:05 PM

Apr 9

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PortTack

(35,572 posts)

12. Leonard Leo and Koch are suing him over the tariffs....that certainly is part of it. He doesn't DARE go against

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 02:28 PM

Apr 9

Leo!

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Response to Joe Cool (Original post)

applegrove This message was self-deleted by its author.

Evolve Dammit

(20,519 posts)

15. we are passengers on a runaway train. Good movie BTW, but that was a movie. This is real shit. nt

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 04:04 PM

Apr 9

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PSPS

(14,485 posts)

16. Well, now we know why the market was up yesterday

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 04:45 PM

Apr 9

The trump spawn and republicans in Congress went on a buying spree knowing this was going to happen. Ka-ching, baby! Pump-and-dump supreme!!

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BigmanPigman

(52,893 posts)

17. I'm sure he personally made a ton of $$$$ over this scheme.

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 06:56 PM

Apr 9

Don the Con!

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GP6971

(34,577 posts)

18. Locking. No link to article and

Reply to Joe Cool (Original post)

Wed Apr 9, 2025, 07:09 PM

Apr 9

Dupe of https://www.democraticunderground.com/10143436916

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