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https://www.yahoo.com/news/trump-sets-25-tariffs-steel-234301313.html?fr=yhssrp_catchall
https://www.yahoo.com/news/trump-says-impose-25-tariffs-010847290.html?fr=yhssrp_catchall
Previous thread on tariffs:
Tariffs 2-3-25
13 responses |
Started by metmike - Feb. 3, 2025, 10:23 a.m.
As of 20 minutes ago:
Stock index futures are down sharply as a result of the midnight implementation of new tariffs on Mexico, Canada, and China along with retaliatory tariffs:
Futures are currently down 180 for the Dow and 175 for Nasdaq.
Nvidia, which was down a whopping 8.6% yesterday, is down another 3% now!
Tesla, which was down sharply yesterday, is down another 4% this morning.
Thanks, Larry!
I've been thinking that the huge (needed) cuts in government spending will result in a recession.
Add this to it and there could be lots of doo doo that hits the fan
https://www.newsweek.com/dow-drops-1300-points-two-days-amid-trump-trade-war-2039596
After stocks have dropped sharply the last two days, now comes this: announcements probably at the SOTU speech that he’s reversing some or all of the tariffs:
https://twitter.com/zerohedge/status/1897035159884718295 bbbb
Stock futures are up sharply as expected on this news. In theory Trump et al could have bought a bunch of stocks at the close today (at a low) and then dump them tomorrow on the expected higher market. Can you say after hours potential “market manipulation”? Oy!
Is Donald Trump Causing a Recession? Economists Are Increasingly Worried - Newsweek
Jesse Rothstein, professor of Public Policy and Economics at the University of California, Berkeley and former chief economist at the US Department of Labor, on Bluesky:
"It seems almost unavoidable at this point that we are headed for a deep, deep recession," professor Rothstein wrote in a Bluesky thread last week.
Rothstein said his concerns were based on the large number of federal workforce layoffs and contract cancellations enacted by the Department of Government Efficiency (DOGE).
From March onwards, Rothstein believes these will feed into weak nonfarm payrolls reports, the monthly measure of employment in the U.S. released by the Department of Labor.
Besides the direct impact of DOGE's efforts on federal government employment, he said that this could contribute to "enormous private market uncertainty," as well as a decline in government productivity.
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This is almost seeming like a no brainer outcome to the extreme DOGE cuts. When we have a bad recession, like in 2020 from COVID, what was the fixer? Trillions in government spending/printing money. This caused inflation of course but it STIMULATED the economy and took us out of the severe recession.
DOGE cuts are the exact opposite. They stifle government spending. Economics 101 tells us that this will slow down economic growth and in fact, because of the severity its inevitable that it will SHRINK the economy and cause a major recession.
This would ordinarily put pressure on prices and help to reduce inflation but the really dumb tariff policies are hugely inflationary by definition.
So the impact of the policies of the current administration for the rest of this year are strongly negative for economic growth and at the same time strongly inflationary. Stagflation is stagnant economic growth. This COULD BE negative economic growth.
The only way to avoid it would be stimulus checks like we saw during COVID.........which is government spending and increasing the debt.
https://www.newsweek.com/doge-checks-will-very-different-stimulus-checks-creator-2040514
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Would the stimulus checks keep the economy on life support until it adjusted to the huge government spending cuts???
The thing is that this problem WAS NOT created by the current administration. It was created from our corrupt, spend crazy politicians that were rewarding special interest groups that legally bribe them with lobby money and also approve spending on all sorts of things to make constituents happy in order to get elected again.
Congress during the last few decades did this!
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https://2020plan.net/interest-payments-on-national-debt-to-top-1-trillion-a-year/
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https://www.theglobaleducationproject.org/earth/development
Trump bear market at hand?
It seems the initial euphoria was a sugar high.
The bullish policies of low corporate taxes and deregulation are now being buried in the Tariff chaos. Sellers are extinguishing the animal spirits.
It's challenging at times to read Trump and his intentions. Actually, I think he doesn't know what he's going to do from day to day. Tariffs? No tariffs on this or that? Pause in tariffs? It is the one issue he seems to believe in (if he believes in anything). The pro business, free trade supporters of Trump say/believe that it is a negotiating tactic. I think they are whistling past the grave yard.
The only thing that might push him off his mark would be the stock market, which he cares about very much. I found it pathetic that he tried to control the stock market decline during the initial days of the Covid outbreak by lying about everything being under control.
So it's hard to know for sure but my guess is the tariffs go on. (bearish)
I heard an interesting interview on the radio. The economist said that car production in North America is almost always a 3 country process. The tariffs are going to blow up that production model and hand a gift to foreign auto companies in Germany and Japan.
Trump is all in on fortress USA. This was tried previously in the 1930's. How'd that work out?
Thanks, joj!
Stocks plunge on Monday (more to come).
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https://markets.businessinsider.com/index/realtime-chart/dow_jones
| DOW.J | 41,738.77 | -2.48% | 03:02:31 PM |
| NAS100 | 19,317.48 | -4.38% | 02:02:32 PM EDT 10/3/2025 |
| S&P 500 | 5,581.27 | -3.27% | 03:02:33 PM |
| NIKKEI | 36,267.75 | -1.68% | 03:02:32 PM |
| DAX | 22,504.12 | -2.19% | 03:02:31 PM |
| ESTX50 | 5,350.56 | -2.16% | 03:02:31 PM |
| EUR/USD | 1.0834 | 0.31% | 06:38:41 PM |
| USD/JPY | 147.1710 | -0.27% | 06:38:39 PM |
| GBP/USD | 0.7771 | -39.90% | 03:02:28 PM |
| Gold | 2,884.53 | -0.85% | 03:02:33 PM |
| Silver | 32.01 | -1.76% | 03:02:33 PM |
| Copper | 9,485.14 | -1.84% | 03:02:19 PM |
| Oil | 65.89 | -6.36% | 03:02:32 PM |
Re: Re: Re: Re: Re: Tesla near RECORD highs!
By metmike - March 11, 2025, 10:07 a.m.
Tesla getting decimated!!
https://tradingeconomics.com/tsla:us
1 year 10 years
It's likely going to get worse!
potential for MUCH worse as investors scramble to cut losses and save their money before the collapse……which could precipitate the collapse.
https://markets.businessinsider.com/index/realtime-chart/dow_jones
| DOW.J | 41,492.06 | -1.00% | 11:24:00 AM |
| S&P 500 | 5,577.33 | -0.66% | 11:24:31 AM |
| NIKKEI | 36,498.42 | -1.43% | 11:24:31 AM |
| DAX | 22,415.63 | -0.91% | 11:22:59 AM |
| ESTX50 | 5,318.77 | -1.27% | 11:24:30 AM |
| EUR/USD | 1.0912 | 1.04% | 11:24:34 AM |
| USD/JPY | 147.6910 | 0.48% | 11:24:35 AM |
| GBP/USD | 0.7737 | -40.02% | 11:22:08 AM |
| Gold | 2,916.07 | 0.96% | 11:24:30 AM |
| Silver | 32.76 | 2.16% | 11:24:01 AM |
| Copper | 9,623.18 | 0.80% | 11:20:20 AM |
| Oil | 66.76 | -3.63% | 11:24:30 AM |
The "Omnipotent Bloviator" is taking his delusional rhetoric to a new high today!
https://www.marketforum.com/forum/topic/110288/#110328
https://www.newsweek.com/donald-trump-administration-elon-musk-stock-live-updates-2042737
yes Trump, Trump , Trump chaos knows nothing, world is coming to an end.....guess you all are getting really good at 1/2 truths and I am sure you noticed but somehow just like cnn etc failed to report Canada has already reversed on electricity threat. Darn one more thing the left cannot bitch about
Thanks, mcfarm,
At least when Trump blunders, especially badly I call it a blunder instead of characterizing it as "Trump is way smarter than everybody else(including me) and we're just not capable of comprehending his never witnessed before brilliance"
That would be cult like thinking!
When Trump does good things, I call those too based on authentic truths.
guess I will have to repeat, who came and offered the truth but me? That seems to happen a lot from the left
Senate Dems brace to vote for a bill they hate — to block Elon Musk
Senate Democrats appear poised to vote for a spending bill they hate to avoid a worse fate: Allowing a government shutdown that could enable President Donald Trump and Elon Musk to make deeper cuts to federal agencies.
The announcement late Thursday by Senate Minority Leader Chuck Schumerthat he would support the House GOP’s seven-month stopgap measure was an acknowledgment that Democrats have little choice if they want to avoid empowering Musk’s Department of Government Efficiency initiative to unilaterally halt more federal programs under the cover of a shutdown.
But on Capitol Hill, Republican lawmakers were saying the quiet part out loud: By opposing the GOP’s funding plan in protest of Trump’s dismantling of government, Democrats would, in fact, be helping his cause.
https://www.yahoo.com/news/senate-dems-brace-vote-bill-014925142.html
Stock index futures are all up nicely with Nasdaq +1.3% leading the indices. I assume this is at least partially related to there very likely being no govt. shutdown (less chaos better for stock markets).
mcfarm,
I deleted your post, not because it's probably offense to some people but you put it on the trading forum and it's the complete opposite of a trading, market or weather post.
Very divisive, and to some, offensive politics that have zero to do with belonging on the trading forum.
You've been here long enough to remember that we broke MarketForum up into 2 forums for this exact reason.
Political humor about genitals, if you must post it belongs on the NTR forum. "Not Trade Related"
I would have copied it down there for you but I personally don't want stuff like that to define our posters.
Thanks,
metmike
That is fine by me. But I put where I put it as a response to all the Musk whining and to make a point. The Musk stuff is to better and save America....the other on the cartoon was to show the difference. The libs come day after day with not 1 plan, not one idea just to ruin this country with every policy they push. That is what the cartoon clearly shows. Now if some lib is offended by the truth maybe a good look n the mirror would help. If you want to be actually be fair put in the post down below. It is only truthful material but again whatever you do is fine by me.
mcfarm,
You and me go back for a long time here. Not sure if you were here when the forum started over 2 decades ago.
I took over after Alex died (and Julie struggled/MarketForum completely died) and brought MarketForum back to life but as something different.
Alex's wife, Kate gifted the forum to me with an enthusiastic stamp of approval for the way that it is today.
That "something" includes using it for some very important objectives which I consider to be missions to make the world a better and more honest place.
One of them involves my dedication to developing the minds and character of our youth thru scholastic chess, as well as sharing my expertise in meteorology/climate change.
As chess coach at 5 schools, I have the emails of over 1,000 family members and teachers at their schools. When we have Winter Weather and Severe Weather critical to their lives/jobs and families ALL OF THEM get invited to come here to read our constant, timely weather updates.
https://www.marketforum.com/forum/topic/110445/
This is fun meteorology for me but sharing it with others on a huge scale. Same thing with chess information, like our recent tournament:
https://www.marketforum.com/forum/topic/110108/
What this means, mcfarm is that MarketForum has 1,000 people that come here numerous times/year for reliable information on chess, weather and other stuff.
But not just ANY people. This isn't Twitter or some other media platform. These are my guests and all of them share the same commonality......THEIR children. Whether they are educators/teachers or parents, they are unique with expectations that are different from yours mcfarm. Nothing at all wrong with you being you and I'm not trying to change you because you will always be my friend, regardless of any differences we have. You wouldn't keep coming here despite those differences if you didn't appreciate my sincerity and dedication to enlightenment that goes the extra mile to seek out the objective, authentic truth.
I do appreciate your opinions, especially when they are different than mine. Even with those differences, Larry did a wonderful job expressing his view of MarketForum earlier this month:
https://www.marketforum.com/forum/topic/110388/
However, something else needs to be appreciated because we have an enormous number of readers that don't post. They come just for information as my guests. We MUST be mindful of the 1,000+ guests/readers that I send here for important weather and chess updates. I know they come here because they frequently mention it in our conversations.
They have standards that are much different than yours(that line up perfectly with mine and define my objectives at MarketForum as the moderator). They get the priority and my objectives here get the priority even though you are welcomed and respected too.
I only ask that you be aware of that and respectful of this "unseen" dynamic. Not perfect by any means but just understand, that when you violate these standards, I will step in, with no personal targeting of you. You will likely always be welcome here exactly the way that you are..........but hopefully, conscious of what I just stated.
Your friend,
metmike
https://markets.businessinsider.com/index/realtime-chart/dow_jones
| DOW.J | 41,718.40 | 0.55% | 12:27:40 PM |
| S&P 500 | 5,651.93 | 0.23% | 12:27:41 PM |
| NIKKEI | 37,694.93 | 1.73% | 12:27:41 PM |
| DAX | 23,125.37 | 0.60% | 12:27:39 PM |
| ESTX50 | 5,436.95 | 0.61% | 12:27:40 PM |
| EUR/USD | 1.0926 | 0.24% | 12:27:48 PM |
| USD/JPY | 148.5155 | -0.05% | 12:27:48 PM |
| GBP/USD | 0.7696 | -40.34% | 12:27:19 PM |
| Gold | 2,995.40 | 0.37% | 12:27:43 PM |
| Silver | 33.69 | -0.42% | 12:27:44 PM |
| Copper | 9,773.05 | 0.14% | 03:25:22 PM EDT 3/14/2025 |
| Oil | 67.13 | -4.89% | 12:27:43 PM |
Major stock market indices are up 1.34 (Dow) to 2% (Nasdaq).
Thanks, Larry!
25% tariff on all foreign cars. Taking a really bad policy, making it worse, then making it even worse.
https://www.cbsnews.com/news/trump-auto-tariffs-gm-ford-stellantis-car-prices/
https://markets.businessinsider.com/index/realtime-chart/dow_jones
| DOW.J | 42,333.92 | -0.28% | 03:01:48 PM |
| NAS100 | 19,866.00 | -0.26% | |
| S&P 500 | 5,702.57 | -0.17% | 03:01:49 PM |
| NIKKEI | 37,688.70 | -0.89% | 03:01:49 PM |
| DAX | 22,666.69 | -0.75% | 03:01:47 PM |
| ESTX50 | 5,377.69 | -0.63% | 03:01:48 PM |
| EUR/USD | 1.0790 | 0.85% | 04:06:13 PM |
| USD/JPY | 151.1145 | 0.51% | 04:06:13 PM |
| GBP/USD | 0.7722 | -40.03% | 03:01:35 PM |
| Gold | 3,055.65 | 1.20% | 04:06:00 PM |
| Silver | 34.40 | 2.26% | 04:06:00 PM |
| Copper | 9,817.00 | 0.04% | 03:01:20 PM |
| Oil | 69.91 | -5.25% | 03:01:50 PM |
Dow closes more than 700 points lower and the S&P 500 is on track for its worst quarter since 2022
https://us.cnn.com/2025/03/28/investing/us-stocks-tariff-uncertainty-volatility/index.html
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HUGH???
I thought the DOGE cuts were to help balance the budget and reduce the deficit? This makes no sense because it does the opposite.
Here's what I think will likely happen.
Trump's policies will cause a recession-extremely high confidence.
Like he did with the COVID recession, Trump will use this as an excuse to issue stimulus checks but pretend that the money is coming from money that Musk saved.
This will make the national debt and overall situation even worse. COVID is something that Trump had no control over and the stimulus checks were justified to get us out of the big hole.
THIS recession will be entirely caused by Trumps policies. He must entirely own the negative consequences and actions/responses to it this time.
This time it will be from the "Trump Virus"
A list of recessions 1785-present
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
https://fred.stlouisfed.org/series/RECPROUSM156N
Thanks very much, cutworm!
Thats the type of post that I love the most.
Extremely informative!
Great review of history on recessions that is not only enlightening but fun to compare those periods with our own memories of them.
The one that doesn’t line up with my memory is the Covid recession only lasting from Feb-April 2020.
That seems way too short remembering the events and shut downs that lasted way longer than that.
what do you guys think?
By metmike - March 29, 2025, 3:17 p.m.
The protesting has only started to ramp up!
https://www.newsweek.com/tesla-takedown-stores-targeted-global-day-action-elon-musk-2052621
Updated Mar 29, 2025 at 2:50 PM EDT
The protests will occur around the globe at some 200 Tesla showrooms, which accounts for around half of the total showrooms and galleries around the world. The U.S. alone has 276 dealers nationwide, while Tesla has 438 global stores and an additional 100 service centers.
The organizers have repeatedly stressed the peaceful nature of these protests in contrast to the several violent and high-profile incidents that have occurred in recent weeks involving Tesla showrooms and vehicles.
"Elon Musk is destroying our democracy, and he's using the fortune he built at Tesla to do it. We are taking action at Tesla to stop Musk's illegal coup," organizers wrote on their website.
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Now that warmer weather is here........You ain't seen nothin yet!
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MICHAEL LIEDTKE
https://www.yahoo.com/news/elon-says-government-people-pushing-052952207.html?fr=yhssrp_catchall
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Musk, the genius in marketing and public relations just made the most catastrophic blunder of his life!
Musk on Mars:
https://www.marketforum.com/forum/topic/110647/
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Tesla stock: