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I thought there were 70 countries lined up to kiss Trump's ass and do tariff deals

According to the Treasury Secretary there will be bilateral trade agreements in the next 90 days, then they will work out the specifics later on. Per Bloomberg news!

In reply to StumpCam

In my book, if those guys are talking they are lying. The United States has massive trade surpluses with the vast majority of countries on the tariff list. So what will a bilateral tariff deal accomplish? An increase in the United States trade surplus with those countries?

In reply to StumpCam

Sounds like the chicken and egg story. My understanding is once agreements are signed it's a done deal with all the specifics included. But i have been wrong before ....

In reply to Walco

Talk is cheap! For someone like me who is approaching retirement, my hope is for things to work out for the better, so help me god!
My portfolio has given back all the gains of the past 2 years!

In reply to StumpCam

All this time ah thought yuh not in the casino business

In reply to ray

It’s only a typical 60/40 portfolio, yet it went south!
Before Trump, I took more risk, but once he was elected I took a more conservative approach!

In reply to StumpCam & ray

You guys are glutton for punishment.

In reply to SnoopDog

Greater the risk, greater the reward or so I was told!

In reply to StumpCam

Famous last words Bro.

In reply to StumpCam

Congress will eventually rein in Trump, but unfortunately it will not be until after he has done irreparable harm to the US economy.

.....

Foreign Countries dont have too

To kiss his ass, American law firms are swarming up the road to the White House.

Because its just rumors of deals and lies being floated to Congress and his base to make them think that whatever the heck he is doing is working, to stave off a next revolt and to make other countries think that other countries are getting in on the game early so that they can rush in and make a so call deal. But what Trump don't realize that the countries that matter already gang up on the US to make that orange idiot stew in his s... . No 75 countries lining up to do any deals with the orange idiot. Yeah maybe Taiwan and El Salvador to get more kidnapped immigrants but the vast majority of who matters are not lining up and begging like Trump making it out to be. Even Canada dumping US T-bills so as Trump make deals with himself to zero out his own Tariffs, all that is left is spin and concocted wins without evidence.

In reply to carl0002

Carney convinced the EU and Japan to do the same.

In reply to carl0002

It's interesting that Trump mentioned the bond market as a motivating factor for phase 1 of his capitulation/pause the other day. The bond market will trigger phase 2 of his capitulation in 90 days also. Or maybe sooner.

Which country will volunteer to be the first on the list of ass kissers? 70 countries are lined up, so we should expect an announcement any day now ...

In reply to Walco

Many of those countries are now saying "Never interrupt your enemy when he is fuhking up."

In reply to Walco

Check This Out...

Vintage DJT

In reply to Walco

Bond market selloff is the signal that things are about to get real as its the first in a chain reaction impacting every single economic indicator and the stability of the US dollar. So of course it would get his attention. PHASE II is Trump making delas with himself to Zero out his own Tariffs as Canada and as SnoopDog says EU and Japan wave those T-Bills in his face. And note, China hasn't entered the Bonds debacle - yet...but toying with the orange idiot as we speak.

In reply to carl0002

Experts are predicting that the Chinese will resort to currency manipulation before selling T-Bills. I suppose that would be the nuclear option. But this trade war is puzzling. The ignoramus in chief is focussing on a goods trade deficit while ignoring the fact that the United States has a huge services trade surplus with almost every country in the world.

In reply to XFactor

And that's an excellent strategy. But I assumed that the 70 countries are lining up to kiss my ass narrative was a lie from the beginning.

In reply to Elsie

The art of the deal

In reply to ray

For an idiot that bankrupted 6 entities, he is showing lawyers and legal firms "the art of the deal". Pro bono representation.

They were the first to kiss his arse by showing how corrupt they are. The US Supreme Court heads the list....

In reply to Walco

Well yes that would make sense as China has significant exposure in the US bond market but you can only mess around with your own currency for so long and China already artificially keeps its currency low to boots its exports. There maybe not much room for sustained currency manipulation as China would have to keep devaluing its own currency.

According to the VP, a tariff deal with the UK will be announced soon. This one will be interesting because the US has a trade surplus with the UK. In other words, the US has been ripping off the UK for years

In reply to Walco

Remember that after Brexit UK was trying their hardest to get something going with the US in terms of trade as Brexit left them out in the cold. So this might be larger in scope than the current Tariffs. I guess we will see but it could also mean that UK Prime Minister is only letting orange idiot know that he has his Trump Crypto receipt so he can shut up now.

The other thing to note about all this Tariff talk, it is also a diversion from the diversion, as last week and this week the house has been trying to pass a CR budget with 3-4 trillion of tax cuts for the billionaires and to lift the debt ceiling for the length of the Trump administration and almost a trillion in cuts to social security, Medicaid etc. While Republicans lying to their constituents about not touching social security while messing with Social Security. So guess what's not being talked about in the media....
If you notice these tariffs are being constantly postponed, for a reason....while the GOP is doing their dirty work in the back ground, lying to their constituents- he wants to mask any GOP announcement on the budget with these Tariffs conversation. My guess is that the announcement of a deal with the UK or other deals will coincide with the passing of that CR in attempt to shift the conversation away from the CR.

And in a sense they are linked, as if the US continues to create distrust and uncertainty with its partners/allies there is no way they will be able to raise enough cash/sell enough bonds to fund those tax cuts.. then all hell will break loose?

In reply to carl0002

It would take a lot more than one month to negotiate a trade deal, unless talks started during the Biden administration. But whatever UK ass kissing deal is announced will likely be smoke and mirrors to be followed with details at a later date.

In reply to carl0002

It takes an average of 18 months to complete a trade agreement. The USMC took that long.

In reply to Walco

I think that is the point I was trying to make but completely messed it up that whatever they might be announcing with the British might have been something that was in the works a long time before given that since Brexit they been looking for some kind of favored trade status. But as you said, its more likely to be smoke and mirrors. And it would be interesting that the British would be the first out the gate cuz if you remember the Prime Minister pushed back real hard when Trump and Vance tried to hustle Zelensky at the Whitehouse.

I'm still waiting for a tariff deal with one of the many ass kissing nations

The first ass-kisser nation has been identified and it is none other than the Starmer Isles But the deal has not been finalized and signed, and I'm wondering why the United States "needs" a trade deal with a country with which it has a trade surplus ...

In reply to Walco

“It’s going to be special!”
It’s a terrific deal!”

In reply to StumpCam

The devil will be in the details, but reports are that the Brits are holding out for total elimination of Tariff Man's 10% across the board tariff

More caving!!!


'80% Tariff on China seems right': Trump floats deescalation ahead of weekend trade talks

Here

In reply to googley

That 80% will be 10% soon with many loopholes for friends and family

In reply to googley

Tariff Man's capitulation was even more than expected. 80% is down to 30%. He's trying to clean up the mess he created, so let's see what he comes up with in 90 days

In reply to Walco

This is just another round of the 'pump' phase of the stock market manipulation.

In a month or two it will be time for the 'dump' phase and he'll do or say some stupid shit which will start the mass sell off once again.

Good luck to all you fellas who have your retirement dollars and life savings in the stock market casino.

This is yet another Donny 2 dolls distraction for accepting a $400 million gift from the Qatar kingdom.

In reply to SnoopDog

You know the routine ...

In reply to Walco

you should get in on the action

In reply to Walco

To answer the question:

Well, the answer is not many can afford a $400million dollar jet, or $600 billion dollar investments...
The whole Tariff mess is a grand pay for play, illegal, criminal scam being propagated by Trump...to make money for himself.

Big clue, Trump DOJ announced as soon Beach Blonde Bondi arrived at the DOJ that they will not prosecute bribery..

In reply to Walco

Well Walco,how beautiful that was put,couldn't be better.