Tariff Man and his tariff plan cause market plunges

[Salty Again]

Originally Posted by bambino

BREAKING �� The European Union says it’s ‘ready’ to make a trade deal with America. This is historic

WE KEEP ON WINNING THANKS TO TRUMP ❤️

... Looks like WINNING to me! ... Go Trump Go! ...

#### Salty

[HDGristle]

EU is ready for a deal, but ready to implement retaliatory measures if the deal isn't good or if Trump breaks the faith like he just did with Canada

Macron has advised to walk if Trump's deal isn't good

[Green_Mountain]

Uses tariffs as the stick on Canada on Friday and Canada folds on Sunday.

Thank you President Trump.

“Canada has rescinded its Digital Services Tax (DST) to advance trade negotiations with the United States. On June 29, 2025, Canada announced that the DST, which was set to collect its first payments on June 30, 2025, would be halted. Legislation to rescind the Digital Services Tax Act is expected to be introduced soon. This decision was made in anticipation of a mutually beneficial comprehensive trade arrangement with the U.S., following tensions caused by the tax, which had prompted U.S. President Donald Trump to suspend trade talks and threaten tariffs.”

[Salty Again]

... Crikey! ... THAT took all of half-a-mo! ...

... WINNING! ... ...

#### Salty

[Green_Mountain]

Tariff revenue continues its acceleration. Thank you President Trump for putting America 1st.

“The U.S. has collected a RECORD $121 BILLION in Tariff revenue

"We are collecting A LOT of revenue" from tariffs — and we're expecting another $27 billion dollar increase for June.”

https://x.com/ThePatriotOasis/status...07485088072172

[HDGristle]

Is that since Jan 20th or does it go back to start of FY25?

[Salty Again]

Originally Posted by Salty Again

... Looks like WINNING to me! ... Go Trump Go! ...

#### Salty

... This.

#### Salty

[HDGristle]

It's since the fiscal year. So thank you, President Trump, for including Biden money in your total and for collecting record amounts of revenue from Americans when you claimed it would all be paid by foreign countries.

Will it also bring back all those many lost manufacturing jobs? No. Some, but I recall someone touting Stellantis and that decision was made in 2024

https://www.usatoday.com/story/money...s/84284982007/

[Green_Mountain]

Oh I get it now.

Biden tariff revenue is good and fair.

Trump tariff revenue is bad and threat to democracy. HUGE threat to the global economy.

I haven’t done the math but carve out the Biden revenue based on any new tariffs he (well his interns) implemented and I’m guessing team Trump still has the record for revenue all by themself.

The TDS on the board is too much.

[HDGristle]

Never said that, GM. Simply pointing out that they're using fiscal year numbers and include Biden tariff revenue. He doesn't get credit for that.

Kinda like how Powell gave credit for why the Fed hasn't cut rates to Trump, today. You give credit and blame when it's due.

[Green_Mountain]

I’m guessing Powell talked about inflation risks due to tariffs.

His argument is illogical to me. Implemented tariffs would be a one time bump to inflation. And from what I’ve seen modeled, not very big.

The slippery slope of inflation is month over month increases over time. Higher interest rates is like putting the brakes on. But you already knew that.

[tommy156]

Yes, the chairman of the FED, appointed by trump himself, now has no idea what he's talking about. Another case of reality not jiving with trump world, so now, of course, it's Powell's fault.

The trump devotion syndrome is staggering around these parts. trump is never wrong, even when the people he hires get fired for not being able to bend reality to his idiotic whims.

There are literally dozens of examples of this.

[Green_Mountain]

Really can you share some of the dozens of examples?

I know it’s hard to think for yourself. But I really think you can do it one day.

Just for you Timmy.

“Tariffs can cause a one-time increase in inflation by raising the cost of imported goods, which may be passed on to consumers. However, sustained inflation typically depends on broader economic factors like money supply, demand, and wage growth.”

This is exactly what I wrote above. Guess I’m as smart as AI.

[bambino]

Markets up over 400pts. 44,534. I guess the thread title didn’t age well. Again!

[HDGristle]

The less of Trump's Tantrum Day tariff plan that gets implemented the more it pops.

One would think some of you would see the inverse relationship right now. The TACO's are baked in.

How many deals do you see getting made by the 9th? Less than 10? 10-20? 20-40? The full 90 deals in 90 days that was promised?

We're still at 1-ish today, btw