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A Political Thread pt. 2

S&P 500 down 5% already. There was always likely to be some pullback after yesterday's rally but jeez it's like playing in a bloody casino at the moment. Few more twists and turns to come even though the trade war field has narrowed.
 

He added 20% at the beginning of his term, then 34% "liberation day", then another 50% retaliation

20+34+50 = 104%

Now, apparently he's adding another 20% for the fentanyl bit which was the reasoning for the first 20%

From the BBC:

Why the White House is saying the China tariff is 145%

As we've just reported, the White House has briefed that the overall tariff imposed on most goods imported from China stands at 145%.

Yesterday, Trump announced on Truth Social that China was facing 125% "reciprocal" levies, which is what has been reported since.

However, the Trump administration is saying today that an existing 20% tariff - which was previously imposed on countries which the US says produce the drug fentanyl - will continue to be in place on top of that 125%. That takes the total to 145%.

He's just making up numbers now, tariffing twice for the same thing.
 
Just so I can catch up after a couple of days fishing. Is everyone apart from China now not being tariffed?

Reciprocal tariffs have been suspended for 90 days for all countries that didn't retaliate but a 10% import tax still applies across the board. Trump is trying to claim that he goaded China into retaliating and they took the bait.
 
Can we just take a moment, in all this madness and give credit to China's meme game...

MAGA fans were the ones who utilised the meme war, but China are on fire lol
 

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