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

[red viking]

20 hours ago, mspart said:

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

Probably his first "win" that he's had with trade deals. Took 6 months. I'd say just "his" win because the American people lose. Basically, we got a better deal than the E.U. but the people in both areas lost. 

Economy is pretty stagnant right now. Growth is very slow and inflation is accelerating. Dollar has plummeted and probably won't come back. 

Edited 15 hours ago by red viking

[Tripnsweep]

This isn't a good sign. 

 

https://www.thedailybeast.com/murdoch-paper-rips-trump-over-odd-eu-deal-that-abandons-his-goals/?utm_medium=socialflow&utm_campaign=owned_social&utm_source=twitter_owned_tdb&via=twitter_page

[Caveira]

58 minutes ago, Tripnsweep said:

This isn't a good sign. 

 

https://www.thedailybeast.com/murdoch-paper-rips-trump-over-odd-eu-deal-that-abandons-his-goals/?utm_medium=socialflow&utm_campaign=owned_social&utm_source=twitter_owned_tdb&via=twitter_page

The daily beast politically skews strong left and is mainly an opinionated political publication.   

[Offthemat]

27 minutes ago, Caveira said:

The daily beast politically skews strong left and is mainly an opinionated political publication.  

The Wall Street Journal seems to be trying to fill in for the WaPo.

[red viking]

29 minutes ago, Offthemat said:

The Wall Street Journal seems to be trying to fill in for the WaPo.

WSJ has a pretty good reputation for being accurate. Orders of magnitude better than Faux. 

[JimmySpeaks]

2 hours ago, Tripnsweep said:

This isn't a good sign. 

 

https://www.thedailybeast.com/murdoch-paper-rips-trump-over-odd-eu-deal-that-abandons-his-goals/?utm_medium=socialflow&utm_campaign=owned_social&utm_source=twitter_owned_tdb&via=twitter_page

The daily beast.  Bahahahahahahahahahah

[headshuck]

Six months ago, he could’ve grabbed an article from any one of the major news outlets. That’s not a good sign.

[red viking]

Many of EU nations don't appear to be on board with this so this one small victory for Trump (finally after 6 months) may not go through at all. This entire tariff deal plan for Trump is turning out to be a disaster. 

His attempts to bully other nations into submission are pretty much all failing, just like his health, cognitive abilities, and efforts to distance himself from Epstein. 

 

Edited 12 hours ago by red viking

[mspart]

But he caved.   He is a caver.   Talks big and then caves.   GB and EU both sign trade deals that lower the tariffs they charge on US goods and raise tariffs on GB/EU goods.  

My preference would be 0% tariffs but GB/EU don't want that.   I don't know why.    I'd rather have a Mars bar than a Milky Way bar anyday.

mspart

[red viking]

29 minutes ago, mspart said:

But he caved.   He is a caver.   Talks big and then caves.   GB and EU both sign trade deals that lower the tariffs they charge on US goods and raise tariffs on GB/EU goods.  

Yes; I acknowledged that this was a victory for him. One small tariff victory after 6 months and even this appears to be falling apart. Could be back down to a big zero for the feeble old man. 

[mspart]

Could be except he has a win with GB and had an understanding waiting for details to be ironed out with China.   An agreement with S Korea and Japan.  It's not just one.  

mspart

[red viking]

Just now, mspart said:

Could be except he has a win with GB and had an understanding waiting for details to be ironed out with China.   An agreement with S Korea and Japan.  It's not just one.  

mspart

the only one that appeared to be a "victory" for him. Meanwhile the American people are losing out with these tariff deals, in general. 

[mspart]

US consumer confidence is going up.   Maybe it is not really what you say it is?

mspart