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 has really taken the retaliation so seriously but I've come to hear from our neighbour that they will "capitulate on tariffs"
That was quick
I suspected it. The world media will pose Trump as a scared man now. I think the decision came on account of EU and other friend nations also went in retaliation mode.
Doubt it. I think they got scared when 10yr treasury yields started to spike up. Clearly nation states (probably China) were dumping their treasury holdings. They can't afford a big spike in yields. Which is probably why they are still going hard at China in retaliation.
Yupp. That the bigger cause, right. It just went outta my mind.
So... where did the "90 days" thing come from? My guess?
https://www.foxbusiness.com/markets/bill-ackman-calls-90-day-time-out-tariffs-risk-self-induced-economic-nuclear-winter
Right on schedule, the effective date.
Plan deniers in disbelief.
Mar-a-Lago Accords?
Possible, might need a catalyzing event for that to bring parties together... A blockade in the Pacific to freeze shipping lanes might be part of the plan.
Long 🍿
Noone except Trump has ever April fooled the world.
Let's wait to tomorrow... this is way we call it a clown world.
I bought the dip! Cheap sats it was!
everyone did dude
So who was selling? Your mom?
Nope. My guess is probably wall street people or speculators on exchanges
lol the shorts!
The market's takeaway... when trump says 'it's a good time to buy' he's not kidding!!!
Yupp. It's like an MMA bout on where both try to take each other down.
If the plan was just to pause them for 90 days... why have them at all?
Force them to the table.
Bitcoin Bretton Woods imminent
I don't think it's about Bitcoin dude.... It's about trade negotiations, which is really currency negotiations to bring back manufacturing jobs and sell 100-year bonds
They've spoken openly about the Triffin Dilemma and Dollar Dutch Disease
Bessent has said a new Bretton Woods is due
The admin is full of bitcoiners
"Golden Age" is comms
The currency problem cannot be solved without a free float neutral reserve
Just because you can't think strategically more than 5 minutes out doesn't mean the people in charge of the largest economy aren't executing an O-Plan. Details of course unknown, but the directional signaling is obvious.
I mean maybe they are planning on making Bitcoin the global, neutral reserve.
But I thought Trump wanted the dollar to remain the global reserve currency? He said he would tariff any country 100% that tried to get off the Dollar...
So he's just going to allow an alternative even if it's neutral to take over? If countries can just 'buy Bitcoin' why buy Treasuries? How does the US finance its debt?
Strong dollar policy means the US gets to dictate currency rules, every currency is based on its dollar exchange rate because the US economy is the only one that matters. Other countries either get on board with the plan, or they become the market equivalent of North Korea.
Dollar can remain the unit of account, but how foreigners get dollars is going to change. Tariffs slow dollar exports until something permanent is in place.
Something permanent?
I don't understand. I thought the accords are about weakening the dollar?
And the deficit is 2 trillion dollars a year. Force other countries to 'get on board'... and they just stop buying US bonds. They buy Bunds or Swiss Francs or Gold or Yen.
What am I missing?
I'm thinking they just wanted to get foreign nations to dump their US equities that they've been investing their surpluses into.
Bullying!
And 3 hours prior to that he says it's a good time to buy.
https://truthsocial.com/@realDonaldTrump/posts/114308272725981913
https://xcancel.com/intocryptoverse/status/1910023642148196763
Couldn't even keep them up for a day
my memes for the situation
so basically not only is the president a moron... he's a pussy too
https://xcancel.com/rektmando/status/1909545596945334646