America

[paddy no 11]

That formula they've come up with to calculate the tariffs is that to make it easy for Trump to pass it off or is this how they do economics now? Do they really know what the impact of this will be?

Trump probably has a 33% fundamentalist backing.........hopefully they don't get a vote over that in the midterms.........(what I really mean is that the 66% should turf him out when prices go through the roof)

[Which Tyler]

[Son of Mathonwy]

That formula they've come up with to calculate the tariffs is that to make it easy for Trump to pass it off or is this how they do economics now? Do they really know what the impact of this will be?

Trump probably has a 33% fundamentalist backing.........hopefully they don't get a vote over that in the midterms.........(what I really mean is that the 66% should turf him out when prices go through the roof)

It's a crude-as-hell way to come up with a number and punish countries with bigger trade surpluses with the US more. it's nothing to do with foreign tariffs, there's no logic to why this number divided by two gives an appropriate tariff rate, and obviously the minimum 10% level no matter if trade is in surplus or deficit is just a dick move.

$2.5TN wiped off share prices is very bad news for Trump but we'll have to see the medium-term impact. The big sell-off shows the market doesn't expect him to back down any time soon.

[Son of Mathonwy]

So at the end of the day it was:

S&P 500
5,396.52
-274.45
-4.84%

Dow Jones Industrial Average
40,545.93
-1,679.39
-3.98%

Nasdaq Composite
16,550.61
-1,050.44
-5.97%

However global markets continue to fall today, most of them another 2% or so.