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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump says he decided on 90-day tariff pause because people were 'yippy' and 'afraid'
Earlier DU thread: Someone got tipped off on Donald Trumps 90 day pause on tariffs.
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Trump says he decided on 90-day tariff pause because people were 'yippy' and 'afraid' (Yahoo! Finance)
"They were getting a little bit yippy, a little bit afraid," he said, apparently referring to the market unrest that unfolded following his "Liberation Day" tariff announcement a week ago.
He did, however, keep the 10% baseline duties that went into effect last weekend for all countries, although that does not apply to Mexico or Canada, which still face a separate set of duties related to fentanyl. Separate industry-specific tariffs on steel, aluminum, autos remain unchanged.
The president's pause of "reciprocal" tariffs does not apply to one country: China. Instead, Trump announced he would be unilaterally raising the rate on China further to 125% because of "the lack of respect that China has shown."
https://news.yahoo.com/finance/news/trump-says-he-decided-on-90-day-tariff-pause-because-people-were-yippy-and-afraid-181126787.html

Dave Bowman
(5,017 posts)Blue Owl
(55,954 posts)
Arazi
(7,726 posts)US Treasuries were about to get shellacked
beaglelover
(4,246 posts)Scrivener7
(55,423 posts)This is definitely frog in the boiling water shit.
Irish_Dem
(68,459 posts)Their victims are supposed to take the abuse quietly.
CountAllVotes
(21,700 posts)Messing w/people's lives.
Sickening!
GreenWave
(11,084 posts)EndlessWire
(7,732 posts)find a way to walk them back. He knows the economy is going to tank in a dramatic way, and his name is ON IT. He's watching his own gang of thugs start to part ways with him. Plus, President musk has indicated his displeasure. So, he had to find a third party to blame it on. That's all of us! He figures he can get away with China, but the reason is stupid: respect??? That proves he's doing this for his own, personal reasons.
This 90 day pause is long enough for people heavily invested in the stock market to move their funds. So, that probably satisfies republicans! He has started something he can't control. He's already ruined all our trading partnerships.
We're moving toward Civil War 2.0. He has destroyed lives. How anyone could vote for this POS, I don't know. I don't understand how he pandered to the basest of instincts, and made it work.
sop
(13,788 posts)Yippy is a golfing term: "The yips," a state of extreme nervousness that causes a golfer to miss an easy putt.