KEY POINTS

  • Donald Trump will “probably” announce a compromise with Canada and Mexico as early as Wednesday, which could scale back his new 25% tariffs on top U.S trading partners, Commerce Secretary Howard Lutnick said.
  • The comments came after the U.S. stock market limped to a close for a second day of sharp declines.
  • The Trump administration enacted sweeping tariffs on Canadian and Mexican imports after putting them on pause for a month.
  • BlameThePeacock@lemmy.ca
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    2 months ago

    Compromise on what? You haven’t even told us what they’re really for you dumb shit.

    It’s clearly not a compromise on the fentanyl situation, and you haven’t talked about anything else that we’ve changed.

    Are you just compromising on your own?

    • Tm12@lemmy.ca
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      2 months ago

      He’s taking JD’s advice and compromising with a couch.

    • tal@lemmy.today
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      2 months ago

      He wants to be associated in the media with tariffs, since it’s something that his core supporters and people in swing states want.

      In the past, he’s gone out of his way to very noisily associate himself with tariffs, without actually imposing a whole lot by way of tariffs.

      I have an earlier comment giving good odds that Trump likely either wouldn’t impose tariffs or wouldn’t impose them for long – he’d do so long enough to make sure that people saw news coverage associating him with the things. I doubt that Truth Social and other media that favor him, like Breitbart, are going to make much noise about him ending the tariffs.

      • Avid Amoeba@lemmy.ca
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        2 months ago

        This kinda makes sense, but people also see the market ticker on the bottom of the same TV screen.

  • mesa@lemmy.world
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    2 months ago

    Probably option calls. Easy when you know you our going to tank things.

    Then buy up next day. Make billions.

  • ShellMonkey@lemmy.socdojo.com
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    2 months ago

    Step 1: short a bunch of stocks likely to affected by blanket tariffs

    Step 2: “I’m enacting a massive across the board tax” causing prices to fall

    Step 3: close the shorts for a gain, buy newly lowered stock aft market dip. Announce ‘compromise’ that brings indexes back up

    Step 4: Sell and profit a second time, prepare to return to step 1

  • Randomgal@lemmy.ca
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    2 months ago

    I don’t think he realizes you can pull the nail out but that doesn’t erase the hole you made.

    • KoboldCoterie@pawb.social
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      2 months ago

      I don’t think he cares. He doesn’t give a shit about the US, or how much damage he causes. He only cares about himself, and maybe a few of his associates, maybe, though I’d wager that caring only extends so far as they continue to act sycophantic. He’d turn on them in an instant if they stopped playing into his ego.

      If another country’s leader was pulling this shit against the US, we’d have arranged for their leader to be deposed, or to fall down some stairs, or for a coup to occur, or something. If only some other country would do the same now.

    • The_v@lemmy.world
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      2 months ago

      Double them up wait a month for the U.S. stock and commodity markets to absolutely crater.

      • Podunk@lemmy.world
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        2 months ago

        Canada and mexico will absolutely crater first if pushed. Canada can maybe afford it short term and make trump blink first. They have a better position. Sheinbaum, for all the credit ill give her for not being a complete stooge like a good portion of the world expected, is in a much tighter predicament. I want her to go toe to toe. She has showed she isnt a puppet. But i dont think she can afford to hold out as long as necessary. Politically or economically.

  • Podunk@lemmy.world
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    2 months ago

    Surely short term stock acquisitions are not really what is happening right now, right?

    This (relatively) small fry market manipulation is 100% elons M.O. it’s how hes done business when not fleecing the fed for cash. Its why he was forced to buy twitter for fucks sake. but they arent really taking the short term discount acquisitions over the long term, are they?

    If they are… Its… just so stupid. If it is something else, let me know.

    • hansolo@lemm.ee
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      2 months ago

      What absolute idiot thinks you can run a crypto pump and dump scheme on the entire US econom-…oh

      Yep, you’re right. And he totally got T’s buy in by letting him get a taste for his T coin scam.

    • Someonelol@lemmy.dbzer0.com
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      2 months ago

      I’m sure repeatedly shocking the market with surprise tariffs will be good for the overall health of the economy… Right? Surely the market will bounce back every time tariffs are lifted?

  • Zier@fedia.io
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    2 months ago

    New headline: Drug addict who shits himself daily, changes mind again, and again, and again, and…