According to an article I was reading, some of the worst affected car manufacturers are American, because many of their smaller cars are manufactured outside the USA. Their problems are due to get worse in a couple of weeks when the tariffs on components kick in. Just more proof, if more were needed, that Trump really hasn't got a clue.
I do think a lot of what Trump does is just to see what reaction he gets, that's how his mind works. Its like my insurance company giving me a stupid renewal price in the hope I just accept it. Its how business seems to work these days. Its just like a game of poker to him bluffing his way through to get what he wants.
@Tidemark that parking story is appalling. I do hope somebody's insurance will kick in, and not the vehicle owners policies. @ViewAhead yes - who would trust him now? Even if he did a complete U turn who'd believe it was stable?
He's blinked! 90 day moratorium on tariff imposition except for China. Given that Chinese exports to the USA are a mere 3% of its GDP I don't think they'll be hurting much but they'll be cross and they not like losing face. Interesting.
Probably needed stocks to go up a bit, so that he and his cronies can try selling off the shares they bought when the prices had plummeted. I don’t understand how he thinks that any country will be comfortable doing business with the USA in the near future, if ever. Just too volatile and erratic, and any confidence in the government of the USA has been completely destroyed by his obvious freedom to run amok with his country’s economy and stability, with no safety measures to stop him. But I suppose we shouldn’t be surprised at his behaviour, he is a convicted fraudster, a multiple bankrupt, and a serial liar.
Trump has done precisely what some financial experts thought he would do. Crashed the stock market, given his cronies time to buy at rock bottom prices and then reversed policy. Stock prices soar and his cronies make a killing. I doubt he has missed out.
@Ergates there are, in theory, safety measures and checks and balances built in to the USA Constitution but he has enough rich cronies in place to circumvent them in the short term and by the time due process/senate/judiciary catch up and deal with his flagrant breaches of law it will be too late. He's also getting away with a load of bull excrement because the majority of the USA citizenrydoes not understand the difference between trade deficit and subsidy. EG most of their car parts are made abroad and then assembled in the USA they're going to have inflation due ti import tariffs and that's a tax on US citizens, not the foreign competition. @pete - it was suggested on BBC News and also on here that he was crashing the US markets to buy cheap and then sell high.
TBH, I wouldn't get involved. I dont have money to risk. But then he crashed all markets around the world so lot of opportunity for those that know.
@pete and a lot of misery for people whose pensions depend on stocks and shares and for employees of companies which can no longer function because the bottom has dropped out of their value and thus their borrowing power to invest and grow.
Precisely that. My wife hasn't drawn her pension pot. it's just sat there since she retired, slowly and steadily increasing in value. It's not a large 'pot' but has dropped by over 10% in the past 10 days. It took months to gain that amount.
I think it was the selling of bonds that made him panic. He is historically a man that likes to borrow money and it was suddenly going to get very costly for him and his country to do so. I'm guessing he didn't take kindly to countries standing up to him also, even if he claims they were kissing his, rather ample, a$$.
Apparently China was being disrespectful so their tariffs remained. It is not, apparently, considered to be disrespectful for the VP to refer the Chinese as peasants. Well as was said in the playground "takes one to know one".
