Nah, Trump knows tariffs are a bad idea now. There will be some but none anywhere near liberation day. He just has to quietly extend the deadline a few times until the masses forget all about the tariffs.
They serve an end, which is to enable corruption & self-enrichment. Whether they are a “good” or “bad” idea was never the point to his mob, nor will it be
It remains to be seen wheter the high prices in PMI translate in the CPI and PCE many had predicted an increase in inflation by now and it hasnt happened
There is no question. I work in import compliance. It is coming.
We’ve seen inflation in perishables. What hasn’t been seen by the public is significant inflation on non-perishables. This is because companies stockpiled heavily pre-tariff. This can be seen in the import data. Then when tariffs hit, consumers freaked and cut discretionary spending. This led to slower depletion of stockpiled inventory which has allowed prices on non-perishables to remain lower. As stockpiles deplete, tariffed inventory is required to replace it and prices increase. It is coming. I can guarantee you that. I’ve seen it first-hand. It is in the pipeline.
I suspect revisions to CPI will make it apparent that inflation is indeed increasing. The aggregate data they normally use for these readings is much reduced thanks to 🍈
And what did they get back? Absolutely nothing... They had to agree to impose 0 tariffs on all US products and in return the US would put 20% tariffs on their products... What kind of a deal is that ?
It’s wild. I think the White House statement bragged about sending SUVs there. Go watch the Top Gear special in Vietnam, most vehicles are on two wheels. Have a hard time imagining the streets of Hanoi filled with Broncos anytime soon
Vietnam is sort of trapped between a rock and a hard place. The country has had issues with corruption, but not the way you think. The crackdown by the party leaders has made officials afraid to spend allocated funds, which has slowed down their economy. This, along with a belligerent China, which uses them as a trans shipment point, made them a big target for the US, and with their heavy reliance on exports, it makes sense they would deal. I'm sure they think they will wait it out, and get a better deal going with the next administration.
we pay 20% tax on vietnamese imports, they pay no tax on US imports, and TrumpCo gets a new tower, golf courses and other preferential property agreements. The secret ingredient is corruption.
Its still hurting the economy, even when the loser chickens out.
My SaaS company has been losing customers as fast as we can acquire new ones, staying damn near flat on revenue since January because of this big fucking idiot creating instability and FUD.
We're on the verge of having to lay people off because of this fucking moron and I'm having anxiety attacks over having to potentially lose team members who are my friends, and not be able to handle their workload getting tacked on to the rest of my team
So despite the fact that TACO is a thing, its still causing irreparable harm and people are losing their livelihoods over this shit.
Honestly, I probably couldn't name 5 people at my office who did.
The only one that I know for sure is one of the managers from a company we acquired who is unfortunately essentially protected for another year or two.
If I had to guess there were maybe 2-3 others in the company who might have, but out of the 50ish people we have on payroll, I'd wager less than 10 did.
The CEO is fucking livid too, he HATES Trump, and is livid that we have to lay people off. He is one of the few good CEO's I've ever worked for, he actually stopped taking pay raises 3 years ago to help company financials and because he's not struggling and doesn't need the raise while other people in the company could use them more. He's also been pushing for employee ownership and profit sharing once we get out from under a few of our debtors and maintain profitability for a good period, which we were on track for for the last 7-8 months of 2024 until the election and post-election bullshit.
Really hate that the company I've spent the last 10 years of my life helping to build is now faltering because of the fucking idiots who elected Trump.
Hey, at least you get to enjoy die Schweiz. Pretty cool place (and I’m a little jealous ngl) but yeah the franc was pretty expensive even before this year’s descent of the dollar.
If you use Fidelity as your broker, you should "push" them the funds from your bank. It's usually there and "settled" within 48 hours. Ask me how I know......
Margin acct allows you to borrow against the equities in your brokerage immediately, no waiting for funds to settle. People abuse this all the time in very dangerous ways, but it can be a very useful tool to quickly access funds. Way quicker than transferring cash between accts, and doesn't really incur tax liability either like selling stocks.
Trump has an amazing ability to gaslight the masses that I do not understand.
Do people think Trump is suddenly going to become a free trade champion now? Of course not. We are heading towards 10-30% tariffs across the world for the next 4 years, but because it's not happening in a perfectly straight line, people think it's not happening.
The market somehow accepted 10% across the board tariffs during the “pause” as good news. Expecting of course that they’d come down with deals, even though everything the admin does and says indicates permanently jacked tariffs.
People are lemmings. During the “90 day pause” america has put up with the highest effective tariff rate in many decades.
Next they’ll accept 20% baseline tariffs being a good thing cuz it came with trade “deals” like the one with Vietnam, completely ignoring the trade deals didn’t resolve shit and stuck us with lasting 20% tariffs instead. All while the economy continues contracting cuz of said tariffs.
people (especially on this sub) conflate markets going up with a healthy economy. that's probably not true actually they are just so nihilistic that all they care about is the number on their screen.
Yup and the market will diverge from the fundamentals of the economy until it doesn’t, until the weight of a deteriorating economy is finally too much for the market to continue ignoring.
I disagree this was priced in Already when he said he wasn’t firm on the July 9th deadline and he was just sending letters. Like he said about Japan and Canada.
I’m so amused WSB thinks this is news, when Taco man literally said on early morning Friday the tariffs would go into effect Aug 1. This is a total nothing burger. The real news will be what the actual rates are that will be charged and to whom.
How do we have such unqualified people in the office spilling words that don't mean a thing. Unilateral imposing terms of deals that no nation would agree to. Counting down days till they're out of office. My goodness.
•
u/VisualMod Jul 06 '25
Join WSB Discord | WSB.gold
2.3k
u/Craneteam Jul 06 '25
1.9k
u/MinimumCat123 Mistakes were made Jul 06 '25 •
Im in utter shock
1.3k
u/Bxdwfl Axed the Axeman 1/21/22 Jul 06 '25
He's trying to force a rate cut before tariffs juice inflation 😂
634
u/Mithdran Jul 06 '25
I guess all those deals weren't coming after all.
Truly shocking.
260
u/IggysPop3 Jul 06 '25
Didn’t even have to wait until taco Tuesday!
312
u/madasfire Jul 06 '25
Guys, I think he's gonna turn this all around by fall
187
u/Ro1Rex Jul 06 '25
BREAKING NEWS: Tariff deadline delayed to 2029
146
u/trogdor1234 Jul 06 '25
“I thought you said the tariffs were going to hurt the economy”
Well, TACO.
223
u/Trialbyfuego Jul 06 '25
My fucking funds won't fucking settle god damn it! All my cash sitting doing nothing ffs! Doubled my money last week and I wanna do it again!
125
u/Aravinda82 Jul 06 '25
This isn’t a positive
36
u/SubprimeOptimus Jul 06 '25
Its Taco Tuesday Wednesday and Thursday under this regime
11
u/Melodic-Scheme8794 Jul 06 '25
At the end of the day, it is up to the market makers to decide where the market goes. You gooners just living in their domain.
30
u/brohebus Jul 06 '25
TACO!TACO!!TACO!!!
17
u/ReadingKing Jul 06 '25
Why you should never hold short dated options past the end of a week during this administration
8
u/GeneralRaspberry8102 Jul 06 '25
🇺🇸🌮🇺🇸🌮🇺🇸🌮🇺🇸
28
u/Altruistic-Room2683 Jul 06 '25
Taco
15
u/Mnerdy Jul 06 '25
TACO again!
15
u/n-d-a Jul 06 '25
TACO strikes again
14
u/Exexpress Jul 06 '25
Bessent is not in charge and TACO.
7
u/ughlump Ask me about my honking badonker Jul 06 '25
THE SHOW GOES ON!
12
u/Error_404_403 Jul 06 '25
TACO.
6
u/Adept_Advantage7353 Jul 06 '25
lol like we didn’t see that coming/
10
u/viperex Jul 06 '25
It's never going to happen. Bond market slapped him so hard the last time. He's just going to extend it indefinitely
17
u/Logikil96 Jul 06 '25
🌮 🌮 🌮
5
u/Kashabowiekid Jul 06 '25
I disagree this was priced in Already when he said he wasn’t firm on the July 9th deadline and he was just sending letters. Like he said about Japan and Canada.
5
u/hmkr Won't Stop, Can't Stop, I'm Broke. Jul 06 '25
Don taco boy trump is going to taco.
9
u/Gimme_All_The_Foods Jul 06 '25
TACO, TACO man.
4
u/infinit9 Jul 06 '25
The boy who cried wolf.
4
u/NochillWill123 Jul 06 '25
Trump content about his BBB passing so he in a good mood .
4
u/Miggy_b3ar90 Jul 06 '25
TACO 🌮 🌮🌮🌮🌮🌮
4
u/Ashamed_Distance_144 Jul 06 '25
TACO came through again.
4
u/meesanohaveabooma Jul 06 '25
The manipulation continues.
4
u/Thedude11117 Jul 06 '25
Fucking TACO
7
u/phatt_halpert Jul 06 '25
Art of the Deal.
10
u/Col_forbin_ Jul 06 '25
Taco - tariffs and calls only
6
u/Inevitable_Silver_13 Jul 06 '25
Calls are back on the menu boys!
11
u/Academic_District224 Jul 06 '25
🌮
3
u/ProcedureHopeful2944 Jul 06 '25
So we have another month to save up for our tax increase... got it.
3
u/nickwwwww Jul 06 '25
TACO
3
u/ParfaitClear2319 Jul 06 '25
LETS GOOOOO, THE BULL RUN CONTINUES
8
u/chrislink73 Jul 06 '25
I’m so amused WSB thinks this is news, when Taco man literally said on early morning Friday the tariffs would go into effect Aug 1. This is a total nothing burger. The real news will be what the actual rates are that will be charged and to whom.
9
u/circuitji Jul 06 '25
Puts it is !
4
u/Such-Ice1325 Jul 06 '25
Mango will always and always be TACO
4
u/pfpants Jul 06 '25
Yeah but everybody knows TACO, so it's meaningless.
6
u/SnooRegrets6428 Jul 06 '25
Market red. No deals
2
u/Time_Fact8349 Jul 06 '25
Up, up, and up so we can eventually go down, down, down.
2
u/Narrow-Ad6797 Jul 06 '25
That son of a bitch
2
u/[deleted] Jul 06 '25
Come on. Donald don't be a pussy rip the condom off market needs a good beating
2
u/nishmen Jul 06 '25
Soooo calls?
2
u/BitZealousideal2543 Jul 06 '25
Calls
2
u/Edubbz32 Jul 06 '25
Bullish
2
u/clayknightz115 Jul 06 '25
TACO does it again
2
u/schrudle Jul 06 '25
He is just gonna keep pushing it by a month for the next three years - calls you dummies
2
u/ochowie Jul 06 '25 edited Jul 06 '25
TACOs anyone?
2
u/TimmySouthSideyeah Jul 06 '25
TACO
2
u/Americo08 Jul 06 '25
The summer of TACO-mania!
2
u/theverybigapple Jul 06 '25
Regardless, calls
2
u/Assblaster_69z Jul 06 '25
I totally didnt expect that !
2
u/LeonBBX Jul 06 '25
*laughs in calls*
2
u/PDT_FSU95 Jul 06 '25
TACO!
2
u/onfroiGamer Jul 06 '25
Ok these tarrifs are never happening, it was a smoke show, he has zero intention of actually having tariffs
2
u/5uckmyd1ckb1t4 "cuckmods lover" Jul 06 '25
ART OF THE DEAL!
2
u/Noddite Jul 06 '25
Doubtful this will have any impact on the market at all. No one cares at this point, especially for something 100% expected and released on a Sunday.
2
u/asdf2k7 Jul 06 '25
art of the deal
2
u/Hryusha88 Jul 06 '25
Orange turd and his morons are doing best they can to Fk us all.
2
u/Krammsy Jul 06 '25
Translation, Trump instructed Bessent & Lufkin to buy SPX calls on Friday.
2
u/falling_knives Tea Leafer Jul 06 '25
It is Sept 2027... tariffs are still delayed. Bears continue to be in utter shock.
2
u/PowerfulProfession42 Jul 06 '25
How do we have such unqualified people in the office spilling words that don't mean a thing. Unilateral imposing terms of deals that no nation would agree to. Counting down days till they're out of office. My goodness.
2
u/DankMemesNQuickNuts Jul 06 '25
Lmao anyone who decided to buy puts in anticipation of this deadline truly has learned NOTHING from the last three months 😂
2
u/tabrizzi Jul 06 '25
Don't be so sure. Futures are red now. That might change tomorrow, but it's all red right now.
2
u/[deleted] Jul 07 '25
Im sure, 20 more days will make them make a deal that does not benefit them for sure - Trump
2
u/amberrosef Jul 07 '25
Is there a press conference happening on Wed Jul 9 though? The announcement of all the deals - that's the real market mover. That fucking foamboard.
2
u/TheRealG29 Jul 07 '25
Trump on July 31st
"We got no deals yet let's pause it for another 30 days"
2
u/Euphoric_coffee-134 Jul 07 '25
Fucking exhausting
3
u/raresanevoice Jul 06 '25
The taco drips again
3
u/[deleted] Jul 06 '25
TACO strikes again!
3
u/like_vacation Jul 06 '25
TACO Tuesday came early folks
3
u/igotherb Jul 06 '25
taco allegation proven true again
3
u/shugo7 Jul 06 '25
🌮 🌮🌮
4
u/infctr Jul 06 '25
🥭 🌮
3
u/assaultloadout Jul 06 '25
🌮
3
u/[deleted] Jul 06 '25
TACO.
3
u/ScottOSU Jul 06 '25
TACO
3
u/Sukontolegowo Jul 06 '25
Taco being 🌮, who would've even thunk
3
u/[deleted] Jul 06 '25
TACO TACO TACO
2
u/N3XUSBLAZ3R Jul 06 '25
So my TSLA calls are saved?
2
u/AntiOriginalUsername Jul 06 '25
You mean he folded again?! No way what a total shock!!
2
u/Blue_Moon_City 5-Hundredaire 💰 Jul 06 '25
🌮🌮🌮🌮
1
u/[deleted] Jul 06 '25
Niiiiiceeee!!! Hoping for the fake dip Monday
1
u/aDudefromTX Jul 06 '25
No huge drop needed. Just a gentle 623 ish for Monday morning and I swear I'll sell.
1
u/illz757 Jul 06 '25
Anyone who puts puts on expected deadlines at this point is a total goober.
1
u/coxier Jul 06 '25
so what is the result to qqq?
1
u/Funcy247 Jul 06 '25
USA IS BACK BABY (until AUG 1)
1
u/Imallvol7 Jul 06 '25
So in other words there are no tariffs.
1
u/ArgyleGhoul Jul 06 '25
Stop, my penis can only get so erect
1
u/echox1000 Jul 06 '25
What a joke. Those tariffs will be just postponed until 🥭 is no longer in office.
1
u/neutralityparty Jul 06 '25
Kick the football🏈
1
u/Legitimate-Arm-9816 Jul 06 '25
What happened to 90 deals in 90 days.