By Grand Rapids Anonymous
tuesday, april 8, 2025 at 1:41:00 p.m. edt
President Trump inflicts 104% tariffs on china-markets-markets give up the day's gains
GRA: Around noon, President Trump said retaliatory tariffs would go into immediate effect on red china, after china's 34% tariffs were announced last week on U.S. goods and not removed as President Trump "suggested" they should.
Both sides are digging in--at least publicly.
Stock gains evaporated shortly afterwards. A drop below 5,000 SPX again would not be bullish.
--GRA
Subscribe to:
Post Comments (Atom)
5 comments:
if 104% tariff isn't enough to stop the Temu ads from littering my phone, then make it... let's say 1040% tariff, it's that time of year, after all.
Not that it matters. The one-big-ugly-bill will raise the debt ceiling over $40 Trillion but I'm disloyal for saying stop the spending and doge isn't enough. Everyone suddenly knows how to spend the money. It's worse than the "peace dividend" feeding frenzy in the '90s. hegseth wants a $ 1 Trillion defense budget. bannon says medicaid is untouchable because lots of maga is on medicaid and he thinks tax-the-rich will bring in lots of revenue. mtg me me lookit me my my hearings on a lousy $10 billion of underused fed buildings, yes, dearie, you can buy an ice cream with your shiny new dime and since you yanked your kid's birthday grift, he take art lessons from hunter biden to earn his own pocket money. She got herself onto john solomon's "Just the News" show and he's changing the name to "Just the Noise". And what the hell is this tim burchett of all people signing on to anna paulina looney's monkey wrench about letting nursing mother congressbabes vote by proxy?
Embarrassing. Talk about setting the table for newsom or cuomo in 2028. Yet every day dawns with yet another new wayne allyn root cheerleader piece about a trump third term and a golden age is upon us.
I share this article just for the title. And the contents are a fun read too.
"The Media's Piss Stain Starts to Dry" by Quoth the Raven. "In an article late last week, I criticized Wharton PhD Jeremy Siegel—whose actual title is probably some bullshit with the word “emeritus” next to it—for coming out and declaring Trump’s tariff policy to be the worst policy decision in 95 years."
CHINA RAISES TARIFFS TO 84% WEDNESDAY;MEANWHILE,POLL SAYS 50% OF COMMIES WANT TRUMP AND MUSK KILLED;BIG BUSINESS "HIT" ON TRUMP?
GRA:China retaliated by raising tariffs on U.S. goods to 84%,Wednesday morning.Stocks up slightly at 10:30 a.m.
(ZH)A prominent British newspaper columnist suggested that big business could ‘put a hit out on Trump’ in response to his tariffs.
Writing for the Telegraph, Tim Stanley made clear that he supported Trump’s tariff regime, asserting that the U.S. president is “trying to change history, rather than just caretake it.”
“In fact, Trump is correcting a 50-year misdirection in US life, and one that the hero of many Trumpers, Richard Nixon, also attempted to fix,” he wrote.
However, Stanley made clear that the backlash to Trump’s efforts to upturn the global order could be brutal.
“Were I a foreign manufacturer, I’d wager this policy will be reversed at least by 2028 when a new president is elected – or big business puts out a hit on Trump, because they’ll tolerate anything but the devaluing of their stock price. The next gun that fires at the president will probably be made in America,” he wrote.
It’s not clear whether the columnist was actually saying Trump could be physically taken out by monied interests, although his choice of words certainly seems to suggest this is the case.
As we reported yesterday, despite Trump surviving two assassination plots last year, vile leftists would be happy to see him killed.
A poll conducted by the Network Contagion Research Institute found that over 55 per cent of respondents said it would be “justified” to murder President Trump, with just under 50 per cent believing the same about Elon Musk.
--GRA
jerry pdx
I don't give a damn about china trade. Best thing for America is to not be bombarded with cheap consumer goods produced by slave labor in china. As far as rare earth minerals and other resources are concerned, we have our own or can get all that from other sources. People criticize US corporate malfeasance but ignore that the so called chinese "communist" party is the single most powerful and venal "corporate" entity on the face of the earth. Not restrained by government regulations, because they ARE the government, they can ignore environmental, labor right concerns or fair trade practices doing whatever they please in order to maximize profits. Maybe Trump should be more diplomatic and conciliatory to the rest of the world but as far as china is concerned...f 'em, we'll do business with them only if it's 100% fair and on our terms.
"DOGE HAS FOUND SOMETHING HORRIBLE"--ANNOUNCEMENT--WHEN?
(ZH)Both President Trump and White House Press Secretary Karoline Leavitt have stated that the Department Of Government Efficiency has made a massive discovery, with Trump calling it “horrible.”
Speaking from the podium Tuesday, Leavitt said “There has been a discovery. I hate to leave you hanging on a cliff but I don’t want to get ahead of the president on that.”
“But I can confirm there has been a discovery but it’s just not quite ready for release,” she added.
The comments came after Trump told reporters aboard Air Force One that DOGE found something “horrible.”
“We have found hundreds – think of it – just hundreds of millions of dollars of fraud and abuse and waste. They’re still going strong. They found something today that is horrible, it’s horrible,” Trump said, without elaborating.
When a reporter asked what it was, Trump remained coy.
“So what we found – so you’ll find out very soon. What they found is incredible and I give [Elon] a lot of credit. He has some very smart people with him,” Trump said, adding “I want Elon to stay as long as possible.”
GRA:federal funds going to sex change operations,queer propaganda?Cover-up money for perverts in Congress? Something worse? Stay tuned.
--GRA
Post a Comment