Yesterday's gigantic rally was actually off of news that trump was going to bring down that 145% tariff on China and was saying things are working out yet this morning China says something completely different. Don't be surprised if the dow drops 500 to 1000 point based on this back and forth nonsense. This statement proves that just 24 hrs ago there were lies in the news that there were some negotiations being discussed. Well we'll well well.....more fucking lies once again. “At present there are absolutely no negotiations on the economy and trade between China and the U.S.,” said Ministry of Commerce Spokesperson He Yadong. U.S. President Donald Trump and Treasury Secretary Scott Bessent this week indicated that there might be an easing in tensions with China. https://www.cnbc.com/2025/04/24/china-says-no-talks-with-the-us-on-trade-calls-for-canceling-unilateral-tariffs.html
President Trump is so fickle and it's possible for him to dump Peter Navarro's tariffs plan and everything is back normal. DJI can go back to a few thousand points gain a day.
Even if he dumps Navarro, the fact that he renegged on USMCA (that he negotiated just 6 years ago) will give every nation pause. This is why he can't strike a trade deal despite 75 countries coming to talk. The worst case scenario is off the table. That would be a curtailment of all international trade with America. But the long term bad scenarios are the strongest since Liberation day. That is America being at the center of all international commerce.
CAUTION - Trump buttlicker on forum. Are you still waiting for your new glasses to arrive? Typing in very large text these days
Trump is starting to learn that geopolitics and global trade negotiations have very little to do with things like selling steaks, mattresses, fragrances, vodka, university degrees, or mortgages, which coincidentally are all things he's also bad at. ‘The Art of the Deal’ meets global reality https://www.cnn.com/2025/04/24/poli...-deal-china-tariffs-russia-ukraine/index.html