I hate looking at the stock market. I do however think its a pulse on the most impulsive Americans with enough money to make the numbers wiggle.
And if anything, the markets are giving toxic positiveity. Markets opened strongly up. Like 5% up for stocks that will be dogged by tariffs. Only to get slammed back down when they all realize, that no. Today is not the day the trade war ends.
Not only are the tariffs starting tomorrow, things have gotten a lot worse today . . .
nullagent
in reply to nullagent • • •China just announced, they aren't surrendering, they will fight back with reciprocal tariffs of their own.
This threatens to launch a recursive war of tit for tat tariffs increases which ultimately sever our ability to do business with Chinese workers.
“China will fight to the end if the US side is bent on going down the wrong path.” -Wang Wentao
Today makes clear, there is no end in sight.
theguardian.com/world/2025/apr…
#China #Trump #Economics #tradewar #trumptariffs #magatariffs #uspol
China vows to ‘fight to the end’ against latest Trump tariff threat
Helen Davidson (The Guardian)nullagent
in reply to nullagent • • •China is calling Trump's bluff.
Just yesterday, Trump said he'd add an additional 50% to the tariffs on China if they didn't acquiesce to his non sensical demands.
So it would seem there's uncertainty to see how the two responsed today, it doesn't seem like the two are likely to reach a deal before tomorrow morning.
theguardian.com/us-news/2025/a…
#China #Trump #Tariffs #MagaTariffs
Trump threatens additional 50% tariffs on China over retaliatory levies
Anna Betts (The Guardian)nullagent
in reply to nullagent • • •So yea, the markets are again opening and doing cryptocurrency moves. Tesla was up 7% for an hour (as dumbass nazi lovers read the news) and by lunch time all the gains have evaporated and the stock is struggling to stay neutral for the day.
This pattern is all over the market, just no one deserves the call out more than Tesla.
#Tesla
nullagent
in reply to nullagent • • •The on-again-off-again tariffs have been modified, reducing the tariffs on all countries back down to the original 10% universal tariff.
This move has sent stocks and cryptocurrencies up nearly 10% across the board. Recovering most of the stock losses of the past week.
However, seems like premature celebration to me as the China tariffs now stand at 125% and will still have a massive impact on affordability in the US
cnbc.com/2025/04/09/trump-tari…
#economics #uspol #trumptariffs #markets #tariffs
Trump tariffs: 'Do not retaliate and you will be rewarded,' White House says
Dan Mangan (CNBC)nullagent
in reply to nullagent • • •There is a growing consensus among stock analysts and cryptocurrency traders that the Trump administration and their friends have been front running all of these market moves caused by Trump.
This youtuber is a self avowed capitalist & cryptocurrency influencer, but even those sorts of people are calling out Trump's obvious insider trading. None the less he spent the first few minutes of his stream talking about market manipulation.
youtube.com/watch?v=JxwMevtcjw…
#JasonPizzino #Trump #Insidertrading
- YouTube
www.youtube.comnullagent
in reply to nullagent • • •Several democrats have also called out the Trump administration for insider trading. AOC noted that congress has mandatory stock ownership disclosures coming up on May 15th and says she's very interested to see who benefited and front ran these announcements.
theguardian.com/us-news/2025/a…
#AdamSchiff #AOC #StevenHorsford #uspol #trump #insidertrading
Trump ignites ‘insider trading’ accusations after global tariffs U-turn
Lauren Almeida (The Guardian)nullagent
in reply to nullagent • • •Ugh huh, major stocks back down 10%+. Markets trying to fight the bears and crawling back up to an average of 5% down across major indexes.
All this is proof that calling off -some- of the tariffs temporarily is not enough. Way too much uncertainty out there
nullagent
in reply to nullagent • • •Breaking news out of China, they announced that they will raise their tariffs on US imports from 85% to 125% to match the US. Meanwhile the US is raising tariffs on Chinese goods from 125% to 145%.
These tariffs are changing so fast its making my head spin trying to keep up with it 🥴
apnews.com/article/china-us-tr…
#Trump #China #Uspol #tradewar #trumptariffs #gop #tariffs
Trade war escalates as China says it will raise tariffs on US goods to 125%
AP Newsnullagent
in reply to nullagent • • •News is out today that Tesla has to abruptly stop selling the model S and X in China due to the tarifs.
jalopnik.com/1831954/telsa-sto…
#Tesla #Tariffs #Swasticar #nazicar #elonmusk #trump #doge
Tesla Stops Selling U.S.-Made Vehicles In China Because Of Tariffs
Andy Kalmowitz (Jalopnik)