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this one isn't just about Trump, something like this could only happen if other leaders go along with it, instead of telling a fascist state to cease their ethnic cleansing.

i like how he's saying he ran his business via a loophole intended for consumers, illustrating a very good reason why it needed closing.

for start there's the dictatorial aspect, making up purchase rules on the wing (certainly has no authority to do this). then there's the commercial impacts, can a drug viably be sold in US at globally low price? more significantly, would can a drug be viably sold in developing nations at US...

US row'd back from 145% tariffs on China, reduced to 30% for 90 days. was expecting a disagreement to start the week but looks like going the otherway, expect something like this level plus a load of details to be end game.

:lolol: is that before or after tariffs?

Trump actually rowed back on China, said something about tariffs can come down in talks. the UK deal seems largely superficial, rather like the Ukraine minerals deal at time of Zelensky meeting, some headline items to be talked about in coming weeks before an actual deal. we still have the 10%...

which one, the first or reversal? seems this is a symptom of a problem deeper than today's US politics, long standing judgements not enacted into primary legislation and left to the vagaries of who ever is in office, either courts or President. the use of Executive Orders to govern apparently...

update on the US GDP : Q1 down -0.3. one upside this gets the recession in Q2 and inevitable policy changes sooner.

China is the problem for Trump. apparently they're asking for US to state what they are negotiating - is it exports, subsidies, fentanyl, what ever other issue Trump and co have raised? that's before they even talk. meanwhile billions of $ of goods orders have been cancelled or not placed...

of course you're not thick. it's the silly rhetoric from people supposedly believing in democracy and due process that are being thick. President has no power to dissolve supreme court, the whole point of the US constitution is to prevent that sort of action, specifically to avoid a "monarch"...

had expected this. Trump style is to bore of something, if he doesn't get what he wants he walks away. Russia hasn't offered anything, so Trump has two choices, carry on trying or say it's all their fault nothing could be settled.

reckon the people around him and GOP will have turned on Trump before Powell goes (mid 2026). not out of office, but probably out of power and just yelling daily on Truth while they try to salvage some domestic policy goals.

economic factor i hadn't appreciated, as import reduce in response to tariffs confusion, the goods that do come through will rise in price due to the lower supply. so even if tariffs are suspended, lowered, whatever, there will be some inflationary effect. imports apparently down 64%, similar...

the same group were reported down £550bn on Tuesday. average portfolio that didn't sell past few days is in the same boat, still down a lot on paper. to be sure there is some money made around the fringes, spikes in market and option volume observed 10-20 min before the yesturday pivot, not...

people will go with that, though looks a lot like he was forced to act not on the stock market fall, rather on bond yields going up 15%, the wrong direction with their debt. fact is none of this is to plan, it's chaotic policy on the hoof.

funny tho, on a day when the markets have forced state to change their idiotic mind, to say the state is best at knowing what to do. :dunce:

not really, if you traded in any size it would be seen in the market, and market would react. there's no need to look beyond the stated reasons, they are quite conflicted and nonsense enough themselves. and the market is largely over-reacting here too. the China tariffs need to come down to...

may have changed that already to prevent all the individual items coming through from ebay, temu sellers.

at this point it's effectively a trade embargo each way. companies aren't going to place orders and risk doubling their prices, they'll look elsewhere or just tell customers to come back later. saw a post showing analysis from JPMorgan that at 54%, the earnings for most US retailers is down...

possibly, more likely sit in bonds at ~4% for a while.