More tariff talks.....

Discussion in 'Wall St. News' started by S2007S, Nov 25, 2024.

  1. S2007S

    S2007S

    President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social.
    The post immediately followed one in which Trump said his first of “many” executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada.







    https://www.cnbc.com/2024/11/26/tru...a-25percent-tariffs-on-canada-and-mexico.html
     
  2. maxinger

    maxinger

    More tariff talks.....
    leads to more trading opportunities!

    My goodness! This news is outdated for 2 hours.


    President Trump is giving day traders a sweet taste of what it would be like
    over the next 4 years.


    Day traders must be happy trading US index futures,
    Nikkei, Gold, copper, Euro .... a few minutes ago.


    There will be many many more trading opportunities over the next 4 years.
    So make hay while the sun shines.

    Day traders, Be alert!
    Sorry investors (and perhaps swing traders) might weep and gnash their teeth in despair.
     
    Last edited: Nov 25, 2024
    Akuma to Shin Tenshi likes this.
  3. TheDawn

    TheDawn

    Is that why the SPX futures is tanking so sharply?

    upload_2024-11-25_20-45-12.png
     
  4. mervyn

    mervyn

    yes, canada cabinet to have an emergency meeting.
     
  5. maxinger

    maxinger

    That is strange.
    Trump already said many many times he will apply tariffs on many many countries.

    Why the need for an emergency meeting?
     
  6. mervyn

    mervyn

    canada sells more than 70% of its goods to us.
     
    Akuma to Shin Tenshi likes this.
  7. maxinger

    maxinger

    Canada should have held meeting months ago, not tonight or tomorrow
     
    TheDawn likes this.
  8. mervyn

    mervyn

    they probably did but now is real. they will try to change his mind before it becomes an executive order.
     
    Statistical Trader likes this.
  9. ironchef

    ironchef

    Total US annual import is about $4T.

    25% = $1T, goes a long way to solve the $1.8T budget deficit. :p
     
  10. mervyn

    mervyn

    you would pay 25% more for canada goose parka, more expensive than china’s arc’teryx
     
    #10     Nov 25, 2024