What's this about Trump caving on tariffs?

[Caveira]

22 minutes ago, ionel said:

Posting for a friend.  15% tarriff on both sides means 15+15 = 30% so the market will tank 30%, the dollar will decline 30% and inflation will rise 30% correct rv?  

For those that know how to trade the after/early markets get your short sells in tonight.  For those who don't know how then short sell everything at the open tomorrow/Monday.  It's gonna be a wild and crazy day.  If you dont get yor shorts in early then that wild and crazy short sell wizard red viking will be the only guy left standing at the close of trading tomorrow.  

If he has $$$ in the market and not buried in cool rocks 

[ionel]

6 minutes ago, Caveira said:

If he has $$$ in the market and not buried in cool rocks 

You are talking about Clod Pumice correct? 

[mspart]

Another case of Trump caving in the tariff war. 

https://www.theguardian.com/us-news/2025/jul/28/eu-us-trade-deal-tariffs-european-union-five-key-takeaways

• 1. The deal in a nutshell

  The centrepiece is a 15% baseline tariff on EU exports to the US, with the exception of steel which is still being taxed at 50%. Car imports, which are being taxed at 27.5% can be sold – from Friday – at a 15% rate.

  The EU has also committed to buying $750bn (£560bn) in energy from the US over three years and has sweetened the look of the deal by aggregating all the known investment commitments and claiming they are going to invest $600bn (£450bn) into the US. This allowed Trump to declare the deal bigger than Japan’s which promised $550bn of investments.

  In all, the tariffs will apply to 70% of EU exports worth €380bn a year.

  In the other direction, US exports to the EU including cars, currently at 10%, will be duty free.

• ---

  2. And the winner is?

  Donald Trump. Many financial institutions have remarked on what they believe is an “asymmetrical deal” that imposes tariffs of 15% on most EU exports including cars; involves the EU buying $750bn worth of energy and ends a decades old World Trade Organization agreement that pharmaceuticals are traded at zero percent tariff.

mspart