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PA Democrat

(13,407 posts)
Wed Apr 9, 2025, 07:36 PM Apr 9

So in summary, tariffs remain in place on our three largest trading partners Canada, Mexico and China; 10% on all others

And he increased the tariffs on goods from China to 125%

American consumers are still going to feel an immense amount of pain.

11 replies = new reply since forum marked as read
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PA Democrat

(13,407 posts)
4. Thanks. I forgot about those tariffs.
Wed Apr 9, 2025, 07:50 PM
Apr 9

Trump creates such an avalanche of constant chaos that is difficult to keep track of it all.

Meowmee

(8,669 posts)
5. Yes it is unclear why this made the market rebound a bit maybe
Wed Apr 9, 2025, 07:55 PM
Apr 9

Are they all delayed for 90 days?

Bernardo de La Paz

(54,812 posts)
7. Mostly it is ostriches thinking it's a normal correction/bear market
Wed Apr 9, 2025, 08:22 PM
Apr 9

The market got a bit oversold with a lot of sentiment.

The ostriches (most of market participants) think that all the regular indicators, oscillators, analysis tools, screeners, traditional ratios, etc. are operative as they are in 95-98 % of times.

These are not normal times for multiple reasons. These are not normal conditions. Normal approaches should not be followed.

Ostriches sold a bit going down and waited for an indication that the "dip" had finished and they could buy again.

Other reasons include 1) A belief that the pause showed some flexibility. Don't give that much weight. 2) A belief it showed some responsiveness. That has a little merit but can't be depended on. 3) These things are sometimes called "relief rallies" because prior action was so stressful.

Meowmee

(8,669 posts)
11. I have to read more about it, I'm not a trader etc. It seems to make sense what you said
Wed Apr 9, 2025, 09:07 PM
Apr 9

I tried trading once and hated it.

Meowmee

(8,669 posts)
10. Yes I heard about that, my brother explained it but I can't remember what he thought now
Wed Apr 9, 2025, 08:51 PM
Apr 9

Have to ask again...😹

PA Democrat

(13,407 posts)
6. REUTERS: US tariffs on Mexico and Canada unaffected by 90-day pause, White House official says
Wed Apr 9, 2025, 08:05 PM
Apr 9
The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said.

The United States' 25% tariff on goods it imports from Mexico and Canada that are not covered under the region's USMCA trade pact remains in effect, the official said, adding that energy and potash from the two countries will also continue be tariffed at 10%.


https://www.reuters.com/world/americas/us-tariffs-mexico-canada-unaffected-by-90-day-pause-white-house-official-says-2025-04-09/
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