Trump walks back tariffs threat

Colombia is one thing. China, Mexico, Canada is a whole different deal.

https://finance.yahoo.com/video/gold-rises-trump-says-hed-145058741.html

Gold (GC=F) nears a record high after US President Donald Trump said he would 'rather not' instate tariffs on China, a change from his rhetoric prior to his second inauguration.

More bark, less bite? Trump walks back China threat for now

“President Trump did not impose tariffs on China as initially promised, but he may consider future actions based on further investigation into trade deficits and China's compliance with the 2020 trade deal. Tariffs on Canada and Mexico are being considered as part of his broader strategy.”

3 comments

3 Comments

Onikoroshi

Jan 27

During his first term, Trump already installed Section 301 tariffs on Chynese steel, aluminum, batteries, electric vehicles, solar cells, semiconductors, and several other classes of imports totaling $300B/yr

Biden left them in place, because he couldn't afford to let hundreds of billions of income go

all classes of Section 301 have automatic increases to 25% to 100% set to happen between late last year and 2026

So, did Trump keep his promise or not?

Edited

Java

Jan 27

Replying to

Trump’s not a very smart guy. But he’s kind of like me and investing. When he discovers that the pony knows one trick? He just keeps doing that trick over and over and over again. Sort of like San Clemente telling a joke.

Trump has found that in certain circumstances, tariffs, or the threats of them can serve him well and lead him to achieve his means. So therefore, he now thinks that tariffs are the solution to every problem and goes to them early and then negotiation.

Edited

August West

Jan 27

They are a negotiating tactic.

Your TDS is at a fever pitch this weekend.

Breathe.