The Tariff Thread

[Firebot]

Originally Posted by TherapyforGlencross

China announces 84% tariffs on the US.

Apparently S&P futures went significantly up as a result of news of a meeting announced between the US and China

...it was to announce the 84% tariffs.

The AI algorithms needs some fine tuning.

[Drak]

Trump has businesses, trademarks and bank accounts in China. Has China targeted those yet?

[PaperBagger'14]

Originally Posted by puffnstuff

Fine, just leave lids of the trash cans okay

You leave my trash cans alone! Might be recyclables in there.

[Firebot]

https://www.cnbc.com/2025/04/09/euro...s-imports.html

EU approves first set of reciprocal 25% tariffs (due to steel and aluminum tariffs) set for April 15. EU is kind of slow at this game.

[direwolf]

Weird that Mexico hasn't retaliated at all yet, or even announced any possible countermeasures. They have the same tariffs slapped on them as Canada does, so I wonder why the hesitation?

[Drak]

Maybe a tactic to attempt to get Trump to ease off?

[CorsiHockeyLeague]

Originally Posted by direwolf

Weird that Mexico hasn't retaliated at all yet, or even announced any possible countermeasures. They have the same tariffs slapped on them as Canada does, so I wonder why the hesitation?

I mean if you're the only ones not counter tariffing you suddenly become the best option to sell to.

[Street Pharmacist]

Originally Posted by direwolf

Weird that Mexico hasn't retaliated at all yet, or even announced any possible countermeasures. They have the same tariffs slapped on them as Canada does, so I wonder why the hesitation?

Mexico said they will reach out to Canada if tariffs continue. Not sure exactly what that means, but that was their response

[Sidney Crosby's Hat]

Originally Posted by Firebot

https://www.cnbc.com/2025/04/09/euro...s-imports.html

EU approves first set of reciprocal 25% tariffs (due to steel and aluminum tariffs) set for April 15. EU is kind of slow at this game.

That's on purpose by the EU. Their thinking is, the U.S. economy is already tanking. We don't need to do anything at this time. We don't want Trump or others to say that we're the reason why it's tanking.

This is a good thread:

https://twitter.com/user/status/1909259594787910009

[Drak]

No one in the Commission thought the US government would be this stupid? Have they not being paying attention over the last decade?

[direwolf]

Originally Posted by Sidney Crosby's Hat

That's on purpose by the EU. Their thinking is, the U.S. economy is already tanking. We don't need to do anything at this time. We don't want Trump or others to say that we're the reason why it's tanking.

This is why I don’t want Canada to do anything drastic to escalate the situation. Canada’s response has been very measured so far and I’m happy with the dollar for dollar retaliation. At this point I think we should just keep the measures we have in place, sit tight, and let the Americans destroy themselves.

[Sidney Crosby's Hat]

Originally Posted by direwolf

This is why I don’t want Canada to do anything drastic to escalate the situation. Canada’s response has been very measured so far and I’m happy with the dollar for dollar retaliation. At this point I think we should just keep the measures we have in place, sit tight, and let the Americans destroy themselves.

I agree. In an election, it's kudos to Carney as he could probably get political points by going tougher but he's doing what he thinks is the best approach long term and that's admirable.

[Johnny Makarov]

Originally Posted by direwolf

This is why I don’t want Canada to do anything drastic to escalate the situation. Canada’s response has been very measured so far and I’m happy with the dollar for dollar retaliation. At this point I think we should just keep the measures we have in place, sit tight, and let the Americans destroy themselves.

It's different for Canada though. We are in an election. Carney doesn't want to look weak vs Trump. He is riding this through to a majority govt.

[Firebot]

Originally Posted by Sidney Crosby's Hat

That's on purpose by the EU. Their thinking is, the U.S. economy is already tanking. We don't need to do anything at this time. We don't want Trump or others to say that we're the reason why it's tanking.

What's messed up is here we have 104% tariffs and climbing, tariffs escalating not deescalating, mass US treasury selloff not seen in 40 years at a time when a market crash would steer people towards safer investments. Companies like Delta removing all forward guidance.

Market reaction?

https://finance.yahoo.com/quote/AAPL/

179.71
+7.29
(+4.22%)

Valued the same as Apr 2024 without any trade war.

Who the heck is buying?

[OldSam]

But...but...so many countries are kissing Fat Donny's ass to get deals.

[direwolf]

Originally Posted by Johnny Makarov

It's different for Canada though. We are in an election. Carney doesn't want to look weak vs Trump. He is riding this through to a majority govt.

You can still be tough, but also be smart about it. A calm and measured approach is what’s needed in this situation, and so far Carney has done a terrific job IMO.

[Parallex]

Originally Posted by Firebot

What's messed up is here we have 104% tariffs and climbing, tariffs escalating not deescalating, mass US treasury selloff not seen in 40 years at a time when a market crash would steer people towards safer investments. Companies like Delta removing all forward guidance.

Yeah, it looks like the US is heading towards stagflation. Wouldn't be surprised if we see even more of a sell-off in t-bills.

[V]

Originally Posted by Firebot

What's messed up is here we have 104% tariffs and climbing, tariffs escalating not deescalating, mass US treasury selloff not seen in 40 years at a time when a market crash would steer people towards safer investments. Companies like Delta removing all forward guidance.

Market reaction?

https://finance.yahoo.com/quote/AAPL/

179.71
+7.29
(+4.22%)

Valued the same as Apr 2024 without any trade war.

Who the heck is buying?

???
Apple is down 20% in 5 days and almost 30% YTD. I'm not sure what you're going on about.

[Firebot]

Originally Posted by V

???
Apple is down 20% in 5 days and almost 30% YTD. I'm not sure what you're going on about.

Apple had a gain of 33% in 2024.

Apple with 104% tariffs (or 10% in India should they move all operations there) in the middle of a fast escalating trade war and changing economical landscape is worth the same as April 2024 with no tariffs? It's barely a haircut in an especially frothy market at ATH.

Upward movement points to market belief of it being oversold as if the market selloff was an overreaction, but on what grounds? China could easily ban the shipment of iPhones in China as retaliation the way this is escalating (where it shipped 43 million phones in 2024).

[Nancy]

Originally Posted by V

???
Apple is down 20% in 5 days and almost 30% YTD. I'm not sure what you're going on about.

PE is still 50% above it's fairly stable pre-COVID, pre-Meme-Stock era.