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Tariff Live Updates: Trump Backs Down on Reciprocal Tariffs for 90 Days (www.nytimes.com)

submitted 1 week ago by silence7@slrpnk.net to c/nyt_gift_articles@sopuli.xyz

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This kind of unwillingness to commit to not touching 'kill the economy now' buttons means that nobody will locate any kind of new business in the US if they can avoid it

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[–] Carrot 2 points 1 week ago (2 children)

I hold a firm belief he's trying to temporarily crash the market, so 47 and all his friends can "buy the dip", and then he's going to back out of his terrifs, the market will go back up (most likely not all the way up) and they'll now have a bunch of stock they got on the cheap

[–] silence7@slrpnk.net 4 points 1 week ago

It could also be that there is simply no plan whatsoever

[–] pdxfed@lemmy.world 1 points 1 week ago

Just yesterday's announcement, if you had bought short term options on a stock based on the inside information of the announcement, and it went up 12-20% could easily have returned hundreds or thousands of percentage return on the bet. It's already happened. Full dictator casino.

The question is, how often will it happen and how broadly will the withdraw from a shit country's stock market be?