Trump preparing to backtrack and cave on even more tariffs

C

Cypress

Well-known member

Trump considers pausing his auto tariffs as the world economy endures whiplash​


WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

“I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. The Republican president said automakers needed time to relocate production from Canada, Mexico and other places, “And they need a little bit of time because they’re going to make them here, but they need a little bit of time. So I’m talking about things like that.”

The statement hinted at yet another round of reversals on tariffs as Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession.

When Trump announced the 25% auto tariffs on March 27, he described them as “permanent.” His hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies.


apnews.com

Trump considers pausing his auto tariffs as the world economy endures whiplash

President Donald Trump says he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.
apnews.com apnews.com
 
Cypress said:

Trump considers pausing his auto tariffs as the world economy endures whiplash​


WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

“I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. The Republican president said automakers needed time to relocate production from Canada, Mexico and other places, “And they need a little bit of time because they’re going to make them here, but they need a little bit of time. So I’m talking about things like that.”

The statement hinted at yet another round of reversals on tariffs as Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession.

When Trump announced the 25% auto tariffs on March 27, he described them as “permanent.” His hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies.


apnews.com

Trump considers pausing his auto tariffs as the world economy endures whiplash

President Donald Trump says he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.
apnews.com apnews.com
Click to expand...
He knows he is jeopardizing the economy, and it must burn his ass royally that he now has to now backtrack on that which he vowed he would never do, Ron Vara really has to be on his shit list
 
Cypress said:

Trump considers pausing his auto tariffs as the world economy endures whiplash​


WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

“I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. The Republican president said automakers needed time to relocate production from Canada, Mexico and other places, “And they need a little bit of time because they’re going to make them here, but they need a little bit of time. So I’m talking about things like that.”

The statement hinted at yet another round of reversals on tariffs as Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession.

When Trump announced the 25% auto tariffs on March 27, he described them as “permanent.” His hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies.


apnews.com

Trump considers pausing his auto tariffs as the world economy endures whiplash

President Donald Trump says he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.
apnews.com apnews.com
Click to expand...
When you stand up to a bully, they always back down.

trump honestly believed that his predecessors did such a fine job of putting the U.S at the top of the economic heap...the world would come begging him for mercy if he decided to play his schoolyard games.

As per usual, he takes credit for, or benefits from the hard work of others.

The reality is setting in. The world has been making plans to circumvent his actions since the election. They knew what to expect, and even the least competent world leader is eons ahead of trump when it comes to basic intelligence.

In fact, many started loading up on treasuries for just this moment. trump's advisors (all incompetent and unqualified) finally realized that attacking the bond market is the one ploy that trump has no defense for.
 
Nordberg said:
An economist said Japan was selling off American T-bonds. That is bad for our economy. They could jack up our interest rates. Can you imagine if other countries did it too? Maybe someone reached Daffy Donald.
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That was Canada's ace in the hole. They dumped quite a bit recently after padding their portfolio with US debt. China dumped 1/4 billion over the last couple of years.

trump is too stupid to understand that he simply cannot back up his rhetoric. World leaders are not threatened by early morning toilet tweets.
 
Althea said:
That was Canada's ace in the hole. They dumped quite a bit recently after padding their portfolio with US debt. China dumped 1/4 billion over the last couple of years.

trump is too stupid to understand that he simply cannot back up his rhetoric. World leaders are not threatened by early morning toilet tweets.
Click to expand...

It's really funny how it only took four hours for Trump to cave on his tariffs once he realized the bond market was cratering.
 
Cypress said:
It's really funny how it only took four hours for Trump to cave on his tariffs once he realized the bond market was cratering.
Click to expand...
One of his billionaire donors had to explain it to him. Surely, nobody in his cabinet understands this still.
 
archives said:
He knows he is jeopardizing the economy, and it must burn his ass royally that he now has to now backtrack on that which he vowed he would never do, Ron Vara really has to be on his shit list
Click to expand...
Elon reminded him who paid 1/4 billion to get him elected, and how this will affect his dying car company.
 
The bond yield is up, while the dollar is down. That is bad, not happening since the 1930s. Trump is forcing the world to get off the dollar. He is making our trading partners to seek other markets.
 
Cypress said:

Trump considers pausing his auto tariffs as the world economy endures whiplash​


WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

“I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. The Republican president said automakers needed time to relocate production from Canada, Mexico and other places, “And they need a little bit of time because they’re going to make them here, but they need a little bit of time. So I’m talking about things like that.”

The statement hinted at yet another round of reversals on tariffs as Trump’s onslaught of import taxes has panicked financial markets and raised deep concerns from Wall Street economists about a possible recession.

When Trump announced the 25% auto tariffs on March 27, he described them as “permanent.” His hard lines on trade have become increasingly blurred as he has sought to limit the possible economic and political blowback from his policies.


apnews.com

Trump considers pausing his auto tariffs as the world economy endures whiplash

President Donald Trump says he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.
apnews.com apnews.com
Click to expand...
they are adjusting their supply chain tho.

then there will be tariffs.

its a pause.

the globalist are still dumb and losing and getting dick slapped by donald trump in the face.
 
“Investors in the U.S. have worried for decades that holdings of U.S governments by Chinese and Japanese investors were at risk,” said Carol Schleif, chief market strategist at BMO Private Wealth.

China is America’s second largest foreign creditor after Japan, holding about $760 billion in Treasury securities.

Additionally, the combination of debt concerns and hedge fund selling could have contributed to the sell-off in Treasurys, said Felix Brill, chief investment officer at VP Bank.
Click to expand...

They know exactly who is selling the debt.....they are lying to us.....just as they have claimed for years that they dont know how many illegals they have been importing without our consent.
 
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