Tariff Man and his tariff plan cause market plunges

[txdot-guy]

Originally Posted by HDGristle

https://www.bbc.com/news/live/cd7ry3x0nvet?page=3

A deal in principle with China. Details still to be worked out and signatures still to come. We've seen surprises before pen haa been put to paper to many times to take it at face value... and we'll need for see what the ultimate tariff rate become and on what.

Some red meat for the base with promised AG purchases. God knows he needed to cut a deal on that.

Yeah, but how much of this deal would we even need if Trump hadn’t started this tariff war to start with.

[Green_Mountain]

Originally Posted by txdot-guy

Yeah, but how much of this deal would we even need if Trump hadn’t started this tariff war to start with.

What you call war others call trying to improve financial terms for the US. The financial trajectory the US is on is not sustainable and you know that.

Is it unconventional by historical standard? Maybe. But how well has that worked?

[HDGristle]

Originally Posted by txdot-guy

Yeah, but how much of this deal would we even need if Trump hadn’t started this tariff war to start with.

Very, very little. He could have just picked up the phone. Alas, he needs to create drama he can pretend he solved. Meanwhile, we're still paying more

[HDGristle]

https://www.theguardian.com/us-news/...-supreme-court

It's an important week

[HDGristle]

https://www.the-independent.com/bull...-b2857858.html

Tariffman is looking to put a 100%+ tariff on Italian pasta?

[bambino]

Originally Posted by HDGristle

https://www.the-independent.com/bull...-b2857858.html

Tariffman is looking to put a 100%+ tariff on Italian pasta?

No, he’s going to use them to fund SNAP!!!!

BREAKING: President Trump has tapped into TARIFF REVENUE to keep the food assistance program alive for WOMEN, INFANTS and CHILDREN.

Trump has tapped $750M of tariff funds.

The same policies Democrats promised would cause a Depression are SAVING these programs - DURING the Democrats' shutdown.

You can't make this up.

$450M was readied on Friday, on top of $300M previously, POLITICO reports.

Checkmate. I’ll drop the mic right here.

[HDGristle]

You're talking about WIC. And that was unspent funds from last fiscal year... not from a proposed tariff on Italian pasta. Pick up your mic. That's hilarious

[The_Waco_Kid]

Originally Posted by HDGristle

https://www.the-independent.com/bull...-b2857858.html

Tariffman is looking to put a 100%+ tariff on Italian pasta?

OMG! the Italian pasta import tariff will crush America!


NOT


call me when a plate of pasta at Olive Garden costs 60 bucks

Originally Posted by HDGristle

https://www.politico.com/news/magazi...usion-00267945

The markets were primed yesterday to rally if Trump's tariff announcement was blunted, clear and coherent.

They weren't.

Buckle up and get ready to buy the dip

still waiting for the world economy to crash because Lord Donald I doesn't like unfair trade

i'm up 60k since Lord Donald I became Trade War Czar.


so ... when will the big collapse happen?


still waiting.

[bambino]

Originally Posted by The_Waco_Kid

OMG! the Italian pasta import tariff will crush America!


NOT


call me when a plate of pasta at Olive Garden costs 60 bucks





still waiting for the world economy to crash because Lord Donald I doesn't like unfair trade

i'm up 60k since Lord Donald I became Trade War Czar.


so ... when will the big collapse happen?


still waiting.

Two weeks.

[HDGristle]

https://www.justsecurity.org/123818/...ration-powers/

A good summary of the issues for the upcoming Supreme Court case on Wednesday, including what it covers and what it doesn't so that people can reset and align their expectations.

Let's remember, this is a conservative legal challenge and it could take until July to get a ruling

[bambino]

Absolutely genius!

�� Verified: The Trump Administration is Using Tariff Revenue for WIC Amid Shutdown

- The Trump administration redirected tariff revenue from the USDA's Section 32 account to sustain the WIC program, which supports nearly 7 million low-income pregnant women, new mothers, and young children. Initially, $300 million was transferred in October 2025 to prevent a funding lapse, followed by an additional $450 million on November 1, totaling $750 million for short-term coverage.

- Trump's tariffs generated $190 billion through September 2025, enabling these reallocations

[bambino]

Tomorrow’s United States Supreme Court case is, literally, LIFE OR DEATH for our Country. With a Victory, we have tremendous, but fair, Financial and National Security. Without it, we are virtually defenseless against other Countries who have, for years, taken advantage of us. Our Stock Market is consistently hitting Record Highs, and our Country has never been more respected than it is right now. A big part of this is the Economic Security created by Tariffs, and the Deals that we have negotiated because of them. Thank you for your attention to this matter!

[HDGristle]

Ah, the words of a desperate Tariffman that claims with a straight face and a full diaper that the U.S. will become a third world country if the Supreme Court rules against his Tantrum Day Tariffs

[HDGristle]

A lot of good discussion today. The Justices honed in on 4 things I felt were very important.

The confirmation of tariffs as a tax

The question of whether the tariffs are designed to be regulatory or revenue generating

The slippery slope of "emergencies"

The major questions doctrine implications

Now, in addition to that there were some potential offramps regarding a refreshing the tariffs as license fees. And the question of how to unwind this and reimburse without causing a giant mess. It certainly will be interesting to watch watch it play out. Hoping for a quicker ruling, given the importance and implications of these tariff questions

[HDGristle]

Server hang double