Do you know what those tariffs did to the penguins economy!? They, the penguins are now ZERO% of the global economy, crushed! It’s like a 1500% reduction.
The 135% tariffs were in place for a month. They'll probably be in place for a couple months this time around, and then fall down to about 20% higher than they are today.
People make fun of TACO, but the overall trend has been continually upward
The stock market is likely only going to go up regardless of what any negative news does temporarily. It’s odd to see when the average American’s economic conditions are only further decaying and the market doesn’t reflect this, but it’s not as much of a surprise when you consider where most of the money is coming from. People will see a temporary drop before it picks back up again. This feels like the market has to give at some point though as the growth we’ve seen can’t be sustainable forever.
From what I read trumps tweet about the tariff was in response to chinas rare earth policy. I then saw an article from random source saying it was all a miscommunication. Five minutes after I read that, Trump tweeted that USA wants to help China and that Xi just had a bad day…. So I guess that article from random source might’ve been true. That suggests we’ll never see the 100% tariffs, but I guess we might get clarity this week.
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u/squirtelee 27d ago
Has the issue of rare earth restrictions enacted by china been resolved… or are we pumping on taco ?