Business, Economics, and Taxes: Eat Cereal for Dinner

[Jimjamesak]

Good game America. We had a good run.

I, for one, look forward to being a citizen of the Pacific States of America.

 

[Handyman]

Has there been any actual quantitative detail yet?

Edit: "Trump held up a chart while speaking at the White House, showing the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 32% on Taiwan."

That has to be about 98% of all consumer goods bought by Americans. Nice.

America First (to the bread line)

 

[Handyman]

Good game America. We had a good run.

I, for one, look forward to being a citizen of the Pacific States of America.

We in the United Great Lakes of America welcome a prosperous relationship!

 

[Kepler]

Yeah, eat those raised prices you... checks notes... American consumers?

 

[Jimjamesak]

We in the United Great Lakes of America welcome a prosperous relationship!

I feel like we need to workshop the names a bit.

 

[Bronco]

Futures only -1k. It is still early though.

 

[Kepler]

Futures only -1k. It is still early though.

I'm watching it drop in real time. It's oddly peaceful.

All it took to destroy the global economy was one malignant narcissist and 80 million morons.

Small cap futures are down 4.7% already.

 

[Bronco]

I'm watching it drop in real time. It's oddly peaceful.

I expect when Tokyo opens it will begin a bloodbath. This isn't financial advice.

 

[Kepler]

A lot of rich people are losing a lot of money. Now it's serious.

 

[Jimjamesak]

A lot of rich people are losing a lot of money. Now it's serious.

Between that and basically destroying the military industrial complex, it’s surprising that these people have survived this long. They must really want their tax cuts.

 

[rufus]

And by hitting Malaysia, Vietnam, Thailand, Indonesia, the rest of the far East, it prevents American companies from taking the easy way out(and the way they're gonna try to do anyway, rather than build new production facilities here) and shift production to other non-tariffed countries.

Notice however, no tariffs on the lily-white former Russian domain eastern European states.

 

[Jimjamesak]

Sooooo…

Do we wanna take bets on how long the markets actually stay open tomorrow?

 

[Handyman]

I feel like we need to workshop the names a bit.

I was at work and it was all I could think of off the cuff? United States of Hockey?

 

[Handyman]

Tesla down 8% after market...

 

[Drew S.]

I’m interested to see what happens to the treasury market and whether we see money leave US banks for foreign banks in any meaningful quantity.

 

[Handyman]

Carl Quintanilla (@carlquintanilla.bsky.social)

Tough language from JPMorgan tonight: “.. we view the full implementation of these policies as a substantial macro economic shock not currently incorporated in our forecasts. .. these policies, if sustained, would likely push the US and global economy into recession this year.”

bsky.app

Those Soros liberals at JP Morgan torching the plan...

 

[dxmnkd316]

So the tariff rates aren’t reciprocal. They just took the total trade deficit and divided by total imports.

 

[Slap Shot]

Ozzy Man reviews pending tariffs

 

[French Rage]

I look forward to all of the money we will make off of the 10% tariffs on the Heard and McDonald Islands, which for those keeping track has a population of 0.

 

[Handyman]

So the tariff rates aren’t reciprocal. They just took the total trade deficit and divided by total imports.

Yeah there is a breakdown in the Dump thread...all created by AI