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 . . .
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.
#China #Trump #Economics #tradewar #trumptariffs #magatariffs #uspol
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.
https://www.theguardian.com/us-news/2025/apr/07/trump-china-tariffs
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.
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
https://www.cnbc.com/2025/04/09/trump-tariffs-live-updates.html
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.
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.
#AdamSchiff #AOC #StevenHorsford #uspol #trump #insidertrading
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
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 🥴
https://apnews.com/article/china-us-trump-tariffs-2e05057e973e1e26d1b95c5be003b4cd
China has announced that it will raise tariffs on U.S. goods from 84% to 125%. It was the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week for other countries, he raised tariffs on China and they now total 145%. China has denounced the policy as “economic bullying” and promised countermeasures. The new tariffs begin Saturday. A Chinese Finance Ministry spokesman said in a statement announcing the new measures Friday that Washington’s repeated raising of tariffs “will become a joke in the history of the world economy.”
News is out today that Tesla has to abruptly stop selling the model S and X in China due to the tarifs.
https://www.jalopnik.com/1831954/telsa-stops-selling-us-made-vehicles-in-china-tariffs/
Part of the surprising news from China today are new rules about chip makers like Intel and Texas Instruments. Many of which have factories both in the US and China. Complicating matters many US owned chipmakers ship intermediate and raw materials between their factories.
#china #tariffs #intel #TI #Micron #semiconductors #chipmanufacturer #trumptariffs #tradewar2025
New rules from China mean this practice of building individual chips in both the US and China will be too costly. It encourages chipmakers to FULLY move their production process either to China or back into the US. But it's practically impossible to do this in the US.
So in short, Chinese chipmakers just have to worry about ship time tariffs while US firms could pay tariffs multiple times for each individual chip. China is playing chess while US is playing tictactoe
@nullagent The "funny" thing is that the only way to deal with the problem of insider trading is laws and law enforcement against it, but the whole point of "crypto" is that it supposedly can't be subject to laws or law enforcement.
It exists ONLY for insider pump-and-dump scams, and that's by design. Any "cryptocurrency influencers" that pretend otherwise are either in a bizarro world double-think denial or they're in on the scam.
nullagent
Cassandra
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