Tariffs are no longer "Off Topic"

[jpdx]

OP here. The president has just announced an additional 50% tariff on China if they don't remove their retaliatory 34% tariff. Total tariff on goods Americans import from China would rise to 104%.

He appears to be unfazed by the backlash, the massive nationwide protests, and the S&P500 dipping into bear market territory.

[mathlete]

OP here. The president has just announced an additional 50% tariff on China if they don't remove their retaliatory 34% tariff. Total tariff on goods Americans import from China would rise to 104%.

He appears to be unfazed by the backlash, the massive nationwide protests, and the stock market nearing bear market territory.

Markets not moving at all on this despite this amounting to roughly a $400 billion tax increase on consumer spending. Does the smart money think it’s a ruse?

[jpdx]

Numbers this high certainly feel like a ruse or an empty threat. Than again, the president is a loose cannon, thrives on chaos, and is indifferent about hurting people.

[rocketpj]

Do you have anything to support that theory? Wait, I don’t care, because it doesn’t matter. Canada has been living under the comfort of NATO security (primarily provided from their southern neighbor) for decades without putting forth the $ they promised when joining.

I don't, but the theory fits the way he talks about it.  Shrug, doesn't really matter.

It’s getting more baffling watching Canadians try and justify living under this security and freedom, while not meeting their commitments, yet turning around and pointing fingers at the US for trade?

It's always cute when you guys pretend the three oceans have no role in our defense.  Russia hasn't even been able to conquer a neighbour with a built-in fifth column right next door.  I see no hint that Russia wants to invade Canada, and absolutely no indication they would have the capacity to do so.

It reminds me of this article from a while back. Imagine if Canada was invaded by Russia and NATO looked up their members list and said, “sorry, you had the opportunity to meet your end of the arrangement, and chose not to, we can’t help you.”

Canada has been showing up for our allies for a century, usually years before the US bothers to show up.  Hint:  WWI started in 1914, and WW2 started in 1939. 

Your country's unreliability is now a fact on the ground that we will have to deal with.  Your leader's stated intention to annex us is overtly aggressive and a fundamental breach of any Alliance you supposedly participate in.  We have learned our lesson not to trust the US.  I wish you all the best, but keep it on your side of the border.

[ChpBstrd]

He appears to be unfazed by the backlash, the massive nationwide protests, and the S&P500 dipping into bear market territory.

Also, the backlash appears to be unfazed by its lack of effectiveness against the ruling party. I still haven't heard any talk of a different strategy than what's been in place since 2015.

[mathlete]

He appears to be unfazed by the backlash, the massive nationwide protests, and the S&P500 dipping into bear market territory.

Also, the backlash appears to be unfazed by its lack of effectiveness against the ruling party. I still haven't heard any talk of a different strategy than what's been in place since 2015.

In fairness, the opposition has held the house, the presidency, or the senate for 4 of the last 8 years. The current strategies of each party seem to have almost perfect parity.

[RetiredAt63]

Apart from NATO, Canada has NORAD, in conjunction with the US.  You know, the warning system for missiles from Russia to the US. Fun being the country where an off track missile might land.  We just spent a chunk of money (6B) for new over the horizon radar from Australia.

I imagine we will be spending more over the next few years.  I hear that Swedish fighter planes handle cold weather well. And France has nice submarines.  Individual Canadians aren't buying American anything if we have alternatives.   Our governments are following our example.  ;-)

[wageslave23]

OP here. The president has just announced an additional 50% tariff on China if they don't remove their retaliatory 34% tariff. Total tariff on goods Americans import from China would rise to 104%.

He appears to be unfazed by the backlash, the massive nationwide protests, and the S&P500 dipping into bear market territory.

He's either going to go down as the best negotiator in history or the worst. It's hard to win a negotiation against someone who appears to be willing to accept a huge loss if it means total devastation for the other side. 

[Kapyarn]

And France has nice submarines.

Glass bottom, so they can see the old French navy ;-)

[ROF Expat]

And France has nice submarines.

Glass bottom, so they can see the old French navy ;-)

Wink aside, it is only fair to remember that the US probably would not have achieved independence from Great Britain without the French navy. 

To my Canadian friends, I can only point out that the Government and its toadies like Elon Musk call decorated veterans "traitors" and institutions like USAID (employees of which often die in service of the US) "a criminal organization."  So you're in good company.  (As an aside, I would be inclined to charge Canada billions of dollars in punitive tariffs for exporting Ted Cruz to the US, but you get credit for the Labrador Retriever, so things balance out.)

I sincerely hope that the actions my country is taking right now will prove to be an aberration in history, but even if they are reversed, they will not be forgotten.  The damage to the US and its role in the world is already done. 

For those who want to brag about the US spending about 3.5% of GDP on defense while some NATO nations spend under 2%, it is probably worth noting that we fund that additional spending with debt.  The cost of our debt service now exceeds our defense budget.  That can't be good for our economy or our long term security. 

[classicrando]

Discussion relevant xkcd from today (spoilered for biglyness):

Spoiler: show

[RetiredAt63]

And France has nice submarines.

Glass bottom, so they can see the old French navy ;-)

Wink aside, it is only fair to remember that the US probably would not have achieved independence from Great Britain without the French navy. 

To my Canadian friends, I can only point out that the Government and its toadies like Elon Musk call decorated veterans "traitors" and institutions like USAID (employees of which often die in service of the US) "a criminal organization."  So you're in good company.  (As an aside, I would be inclined to charge Canada billions of dollars in punitive tariffs for exporting Ted Cruz to the US, but you get credit for the Labrador Retriever, so things balance out.)

I sincerely hope that the actions my country is taking right now will prove to be an aberration in history, but even if they are reversed, they will not be forgotten.  The damage to the US and its role in the world is already done. 

For those who want to brag about the US spending about 3.5% of GDP on defense while some NATO nations spend under 2%, it is probably worth noting that we fund that additional spending with debt.  The cost of our debt service now exceeds our defense budget.  That can't be good for our economy or our long term security.

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

[Kapyarn]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

[GuitarStv]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

[sonofsven]

Canada has done the world a great service by bringing us Nardwuar The Human Serviette; we thank you.

[ChpBstrd]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

U.S. bitterness toward Canada is starting to make sense now. I'd eat my waffles without maple syrup if I could live my life without overhearing Nickelback or if I could erase the memory of Bieber.

[ROF Expat]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

U.S. bitterness toward Canada is starting to make sense now. I'd eat my waffles without maple syrup if I could live my life without overhearing Nickelback or if I could erase the memory of Bieber.

South Africa takes all the blame, but I think Canada bears some responsibility for Elon Musk as well. 

[ROF Expat]

And France has nice submarines.

Glass bottom, so they can see the old French navy ;-)

Wink aside, it is only fair to remember that the US probably would not have achieved independence from Great Britain without the French navy. 

To my Canadian friends, I can only point out that the Government and its toadies like Elon Musk call decorated veterans "traitors" and institutions like USAID (employees of which often die in service of the US) "a criminal organization."  So you're in good company.  (As an aside, I would be inclined to charge Canada billions of dollars in punitive tariffs for exporting Ted Cruz to the US, but you get credit for the Labrador Retriever, so things balance out.)

I sincerely hope that the actions my country is taking right now will prove to be an aberration in history, but even if they are reversed, they will not be forgotten.  The damage to the US and its role in the world is already done. 

For those who want to brag about the US spending about 3.5% of GDP on defense while some NATO nations spend under 2%, it is probably worth noting that we fund that additional spending with debt.  The cost of our debt service now exceeds our defense budget.  That can't be good for our economy or our long term security.

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

No offense was intended intended toward Newfoundland dogs and NSDTRs.  If any were offended, I apologize wholeheartedly.

[jrhampt]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

U.S. bitterness toward Canada is starting to make sense now. I'd eat my waffles without maple syrup if I could live my life without overhearing Nickelback or if I could erase the memory of Bieber.

No way.  What even is the point of waffles without maple syrup???

[kanga1622]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

U.S. bitterness toward Canada is starting to make sense now. I'd eat my waffles without maple syrup if I could live my life without overhearing Nickelback or if I could erase the memory of Bieber.

No way.  What even is the point of waffles without maple syrup???

Peanut Butter and chocolate chips. The only way I can eat waffles once I tried it. Also makes it a portable sandwich option if you are running behind schedule. :)

[FIRE 20/20]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

Rush more than counterbalances those three, in my opinion (and I realize I may be in the minority).  And as a (beer league) US hockey player myself, giving the world ice hockey is another huge plus on the Canadian side.  On November 6 I started the process to obtain a Visa to move permanently to Portugal - not being able to play hockey there is probably the #1 thing I expect to miss after we move. 

[Metalcat]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

Rush more than counterbalances those three, in my opinion (and I realize I may be in the minority).  And as a (beer league) US hockey player myself, giving the world ice hockey is another huge plus on the Canadian side.  On November 6 I started the process to obtain a Visa to move permanently to Portugal - not being able to play hockey there is probably the #1 thing I expect to miss after we move.

I hate both Rush and Hockey, and I'm perpetually afraid that I'll be deported for this somehow.

[spartana]

Well Canada did give us in the USA Dear Leader MMM so that off sets everything right? And no, you can't have him back ;-).

[ChpBstrd]

Well Canada did give us in the USA Dear Leader MMM so that off sets everything right? And no, you can't have him back ;-).

IDK, if MMM keeps moving in a southerly direction he'll be in Mexico. It's a lifelong migration toward cheaper lifestyles and lower latitudes.

[rocketpj]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

Rush more than counterbalances those three, in my opinion (and I realize I may be in the minority).  And as a (beer league) US hockey player myself, giving the world ice hockey is another huge plus on the Canadian side.  On November 6 I started the process to obtain a Visa to move permanently to Portugal - not being able to play hockey there is probably the #1 thing I expect to miss after we move.

I hate both Rush and Hockey, and I'm perpetually afraid that I'll be deported for this somehow.

Not a particularly big fan of Rush, but I play beer league hockey 3-4x/week and you can take my stick from my cold dead hands.  I also referee about as many minor hockey and adult hockey games.

I will also add Mike Myers, John Candy, Eugene Levy, Dan Aykroyd, Jim Carrey, Samantha Bee and a significant percentage of everyone else who is funny in our shared popular culture.  Also REM and the Tragically Hip, but I have no idea how much they penetrated the US.

FIRE 20/20: I wouldn't be surprised to see a hockey rink or two in Portugal - it would depend on where you settled.  My kid at one point was looking at getting onto the Greek National team (there is 1 rink in Athens).

[BrandonP]

These days being called "nasty" by him is a compliment.

And we gave the world 3 great dogs, the Labrador Retriever,  the Newfoundland,  and the Nova Scotia Duck Tolling Retriever.

Offset by giving the world Justin Bieber.

Beiber, Celine Dion, and Nickelback were Canada's pre-emptive strike against the heart of darkness that is the United States.

Rush more than counterbalances those three, in my opinion (and I realize I may be in the minority).  And as a (beer league) US hockey player myself, giving the world ice hockey is another huge plus on the Canadian side.  On November 6 I started the process to obtain a Visa to move permanently to Portugal - not being able to play hockey there is probably the #1 thing I expect to miss after we move.

I hate both Rush and Hockey, and I'm perpetually afraid that I'll be deported for this somehow.

Not a particularly big fan of Rush, but I play beer league hockey 3-4x/week and you can take my stick from my cold dead hands.  I also referee about as many minor hockey and adult hockey games.

I will also add Mike Myers, John Candy, Eugene Levy, Dan Aykroyd, Jim Carrey, Samantha Bee and a significant percentage of everyone else who is funny in our shared popular culture.  Also REM and the Tragically Hip, but I have no idea how much they penetrated the US.

FIRE 20/20: I wouldn't be surprised to see a hockey rink or two in Portugal - it would depend on where you settled.  My kid at one point was looking at getting onto the Greek National team (there is 1 rink in Athens).

REM are an American band.

Tragically Hip are massive in Canada, but they didn't really make a dent in the states.

[Metalcat]

REM are an American band.

Tragically Hip are massive in Canada, but they didn't really make a dent in the states.

I also deeply dislike Tragically Hip, plus Celine Dion, and Barenaked Ladies. Alanis and Shania Twain are okay, I wouldn't choose to listen to any of their songs, but I wouldn't cringe at hearing them.

Leonard Cohen, Neil Young, Joni Mitchell, Gordon Lightfoot, The Band, and Oscar Peterson are the shit though. Oh, K.D. Lang has one of the best voices of all time, I just wish she had made more songs I liked. The version of Crying with her and Roy Orbison is perfection.

[BrandonP]

REM are an American band.

Tragically Hip are massive in Canada, but they didn't really make a dent in the states.

I also deeply dislike Tragically Hip, plus Celine Dion, and Barenaked Ladies. Alanis and Shania Twain are okay, I wouldn't choose to listen to any of their songs, but I wouldn't cringe at hearing them.

Leonard Cohen, Neil Young, Joni Mitchell, Gordon Lightfoot, The Band, and Oscar Peterson are the shit though. Oh, K.D. Lang has one of the best voices of all time, I just wish she had made more songs I liked. The version of Crying with her and Roy Orbison is perfection.

Also not a fan of the Tragically Hip. Mostly because of the singers voice. Although I'm not originally from Canada, so their music isn't engrained in me.

[mathlete]

VTI opened this morning at 257. I put a limit order in at 243 thinking, “It’ll never hit.” :P

[rocketpj]

REM are an American band.

Tragically Hip are massive in Canada, but they didn't really make a dent in the states.

Dang, so they are.  I've been wrong about that one for decades, mostly by not bothering to check.  Ok, we'll let you have REM then. 

I didn't like the Tragically Hip originally, but they have grown on me over the years.

This on topic thread has gone way, way off topic.

[GuitarStv]

I never liked Gord Downey's voice and most of the Hip's songs weren't my cup of tea . . . but New Orleans Is Sinking is a great tune that most everyone likes.

[Kapyarn]

Back on the off topic, I now think the powers that be in our government will see the only viable solution to winning the trade war is to remove the word trade.

I would not have thought this last year or even two months ago, but I am coming around to that view if things continue to escalate. 

[ROF Expat]

REM are an American band.

Tragically Hip are massive in Canada, but they didn't really make a dent in the states.

I also deeply dislike Tragically Hip, plus Celine Dion, and Barenaked Ladies. Alanis and Shania Twain are okay, I wouldn't choose to listen to any of their songs, but I wouldn't cringe at hearing them.

Leonard Cohen, Neil Young, Joni Mitchell, Gordon Lightfoot, The Band, and Oscar Peterson are the shit though. Oh, K.D. Lang has one of the best voices of all time, I just wish she had made more songs I liked. The version of Crying with her and Roy Orbison is perfection.

To take this off topic again...

I think Sarah McLachlan is Canada's most underrated singer. 

I owe Barenaked Ladies a debt of gratitude for "Snacktime" which is IMHO one of the finest albums of Kids' music ever made.  When my child was young, I worked very hard to find children's albums that she would enjoy but wouldn't drive me crazy.  Kids' music from Barenaked Ladies, Ella Fitzgerald, Johnny Cash, Leonard Bernstein, Bob Marley (posthumous), Woody Guthrie, and Jerry Garcia (among others) meant she never listened to (and I never had to hear) Barney or The Wiggles.  I will be forever grateful to all of them. 

[BNgarden]

Back on the off topic, I now think the powers that be in our government will see the only viable solution to winning the trade war is to remove the word trade.

middle of the night thoughts last week kept me awake--"how many weeks til the Christians 'jonesing for a new Crusade' (e.g., Pete Hegseth et al) get their wish?"  Along with the folk in training for a new civil war...  Could a draft be coming?

https://www.nytimes.com/2025/04/09/us/prepared-citizens-guns.html?unlocked_article_code=1.-U4.cLGO.GY13M-WYZ2lI&smid=url-share

https://www.nytimes.com/2025/04/09/world/asia/china-us-tariff-trade.html?unlocked_article_code=1.-U4.Nx2e.Hgecytj65o16&smid=url-share

Hopefully the Iranians will do their best to avoid 'pretext'...

[deborah]

Bombing the Houthis isn’t starting a war?

[dividendman]

Bombing the Houthis isn’t starting a war?

Nah, Africans don't count.

[Kapyarn]

Bombing the Houthis isn’t starting a war?

Nah, Africans don't count.

Wasn't it this president that called those shithole countries?  I imagine he would have about as much sympathy as the Desert Fox.

[ROF Expat]

Bombing the Houthis isn’t starting a war?

Nah, Africans don't count.

Yemen is in Asia, though...

[Canadian Helmet]

REM are an American band.

Tragically Hip are massive in Canada, but they didn't really make a dent in the states.

I also deeply dislike Tragically Hip, plus Celine Dion, and Barenaked Ladies. Alanis and Shania Twain are okay, I wouldn't choose to listen to any of their songs, but I wouldn't cringe at hearing them.

Leonard Cohen, Neil Young, Joni Mitchell, Gordon Lightfoot, The Band, and Oscar Peterson are the shit though. Oh, K.D. Lang has one of the best voices of all time, I just wish she had made more songs I liked. The version of Crying with her and Roy Orbison is perfection.

To take this off topic again...

I think Sarah McLachlan is Canada's most underrated singer. 

I owe Barenaked Ladies a debt of gratitude for "Snacktime" which is IMHO one of the finest albums of Kids' music ever made.  When my child was young, I worked very hard to find children's albums that she would enjoy but wouldn't drive me crazy.  Kids' music from Barenaked Ladies, Ella Fitzgerald, Johnny Cash, Leonard Bernstein, Bob Marley (posthumous), Woody Guthrie, and Jerry Garcia (among others) meant she never listened to (and I never had to hear) Barney or The Wiggles.  I will be forever grateful to all of them.

Great advice
We started our kids on grunge rock when they were "in utero" and I think that was a great move for sanity.  I had no idea what the guys at work were talking about when singing baby shark. 

[rantk81]

Clown show continues.  They announced they are "backing off" of the tariffs to every country that "didn't escalate"... (But that's not true, since European countries escalated earlier today... )


So this whole thing is supposed to just be a big "shit-test" of which countries didn't respond quickly?  What a clown show. Honestly.

[JLee]

Clown show continues.  They announced they are "backing off" of the tariffs to every country that "didn't escalate"... (But that's not true, since European countries escalated earlier today... )


So this whole thing is supposed to just be a big "shit-test" of which countries didn't respond quickly?  What a clown show. Honestly.

I'd bet a fair amount there was a nigh-unbelievable amount of insider trading / intentional market manipulation happening.

[tooqk4u22]

Clown show continues.  They announced they are "backing off" of the tariffs to every country that "didn't escalate"... (But that's not true, since European countries escalated earlier today... )


So this whole thing is supposed to just be a big "shit-test" of which countries didn't respond quickly?  What a clown show. Honestly.

I'd bet a fair amount there was a nigh-unbelievable amount of insider trading / intentional market manipulation happening.

100%......I wonder how much money Trump, his family and cronies made in the last 15 minutes.   

But politically there was also 10 year blowing it and more importantly rumblings from the house that the budget plan was losing the votes (that republicans were switching).   

But really, does it matter?  Tommorrow it could all be reversed again or what happens in 90 days?  F'ing banana republic. 

[dividendman]

Bombing the Houthis isn’t starting a war?

Nah, Africans don't count.

Yemen is in Asia, though...

It's all the same... MAGA

[deborah]

Clown show continues.  They announced they are "backing off" of the tariffs to every country that "didn't escalate"... (But that's not true, since European countries escalated earlier today... )


So this whole thing is supposed to just be a big "shit-test" of which countries didn't respond quickly?  What a clown show. Honestly.

I'd bet a fair amount there was a nigh-unbelievable amount of insider trading / intentional market manipulation happening.

It isn’t a pause. It’s at least 10% on everyone (unless you’re Russia or North Korea…). Even if you have a free trade agreement. 10% is not 0%.

[AuspiciousEight]

Clown show continues.  They announced they are "backing off" of the tariffs to every country that "didn't escalate"... (But that's not true, since European countries escalated earlier today... )


So this whole thing is supposed to just be a big "shit-test" of which countries didn't respond quickly?  What a clown show. Honestly.

I....

Maybe I should just stop watching the news for a few years. *Smh*. This is just getting absurd.

I'll figure out of the economy collapsed by how much food is available at the grocery store.

[Jack0Life]

I have a bit of money parking in MM waiting till Oct to pay off the house since imy ARM is going to reset of at 5.99%.
Just been buying and selling VOO since the market has been so volatile.
Been buying in increments on the slide and yesterday I was down to my last $10k.
Market was trading in the RED all night so I woke up this morning on a downer thinking I need to spend my last $10k.
It held steady on opening this morning and when I checked in the afternoon, it shot up so I figured something was up.
Paused on tariffs. I went from down -$2800 overall to up $3800.
Sold everything prior to closing. No idea what's going to happen tomorrow.

[Freedomin5]

OP here. The president has just announced an additional 50% tariff on China if they don't remove their retaliatory 34% tariff. Total tariff on goods Americans import from China would rise to 104%.

He appears to be unfazed by the backlash, the massive nationwide protests, and the S&P500 dipping into bear market territory.

China just announced an 84% tariff on the U.S.  and blocked the U.S.’s access to a few rare metals that it needs to make some products with military or electronic applications. They’re basically refusing to sell the US the raw materials it needs. China has always been strategic and thoughtful in its manœuvres. I wouldn’t be surprise if they have already thought out several moves in advance.

Here in China, people in our already decimated expat population who are used to buying US imports/the comforts of home are talking about finding local equivalents. US companies are preparing to “right size” drastically as desire for US products are predicted to drop, even in traditionally recession-proof fields like healthcare and education.

[mathlete]

VTI opened this morning at 257. I put a limit order in at 243 thinking, “It’ll never hit.” :P

VTI + AAPL. My single best trade ever from a CAGR standpoint.

Glad they’re backing down, but I still think it’s prudent to reevaluate your plans a little, here. The trump stuff was bluster, but the cratering of markets due to the threat of isolationism is real. Just look at the UK post-Brexit.

Luckily, I’m sure everyone here already assumes modest equity returns in their spreadsheet anyway…. Right!?!??

[rocketpj]

We have a thin skinned egomaniac who gets a rush every time he makes the markets rise and fall.  Think of what an ego boost that is.  Does anyone rational think he will stop doing that any time soon?

Remember a few weeks ago when people on this forum were saying that the markets would keep him in check?  Lol.

[mathlete]

We have a thin skinned egomaniac who gets a rush every time he makes the markets rise and fall.  Think of what an ego boost that is.  Does anyone rational think he will stop doing that any time soon?

Remember a few weeks ago when people on this forum were saying that the markets would keep him in check?  Lol.

I think it kind of has. He hates looking like a loser and he looked like a big loser yesterday until the pause. And I think he will make a “deal” with China for the same reason. He still kinda looks like a loser.

The long term damage here, is the damage done to the perception of the US as a corruption-lite place to do business, and the damage that comes from being such a flakey friend and trade partner. That damage probably isn’t priced into the market the same way that a tariff’s impact on next quarter’s earnings is.