There is a 90 day pause on tariffs for all countries except China. All other countries still have the 10% tariff which is likely permanent.
Tesla is up 20%, Nasdaq is up 10%, Dow and S&P500 are up 6-8%.
This was foreshadowed on Monday when markets were up 10% on the rumor that there would be a 90 day pause.
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It seems that many people, especially the journalists and politicians, have never read The Art of the Deal. Nor it seems have they spent any time in the business world.
This is just standard high pressure negotiating tactics.
It works. There are 75+ countries now clamoring for a trade deal with the U.S. The 90 pause is to let those negotiations take place while still holding the threat of higher tariffs over their heads.
The U.S. is using it’s leverage as probably the richest single market in the world to realign global trade in its favor, while also adding strong incentive for manufacturing to move to America.
Pay no attention to the hysteric the sky is falling retoric
I truly believe that by July of 2028 TSLA will be $750/share. Teslabot, Full FSD, Robotaxi, and Megapacks will be at critical mass of adoption.
By July of 2030, TSLA will be at $1000/share.
We shall see.
I also foresee all the deranged Trump & Elon haters still bitterly clinging to their cloth masks, trans pronouns, and love of violent ‘migrants’.
Meanwhile, normal folks will be living their lives in peaceful prosperity…
So, I like these vanguard products and industry-leading companies/enterprises in spirit, for they have opened up the post-ICE/ space access/ communications (automation to be seen) future that seemed impossible before – but they are just too esoteric and libertarian-dPrepper-hyper-natalist-nutcase to continue having a leading role for ‘the rest of us’. These ruthless heroes have certainly broken us out of a declining, complacent, bloated, and frankly: nice-better-than-competent mindset, but it’s time that the Greater Industries, non-religious Conservatives, typical non-governmental Institutions, and a certain degree of normalcy return post-2028 to the US and its relations with the free World. We’ll be richer, smarter, and happier when we get through this, and its hard to believe that we needed a political hand grenade, rather than firm political policies, to achieve these things (if they get achieved); but the chaos of trying to re-shore, import-tax to deficit-free, re-configure the world order, and other such machiavellian/ ego-maniacial visions within part of a single presidential term will simply de-stabilize nearly all supply lines and human networks, even in the rich world.
“within part of a single presidential term”
That’s plenty of time, we are DONE with the slow orderly (managed) decline of the US. We are way past due for a President with a spine, and who actually loves this country, and is doing his darndest to set it up for success.
We must be tough on China, and make THIS country better. Manufacturing should of never been off-shored, but I don’t have a DeLorean, so it is what it is. All we can do now, is get it back as quick as possible, and tariffs are the quickest route. I’m glad Trump did the 90 pause on everyone (minus China), so deals can be made, and a middle ground can be found. But for China, I would remain tough as hell.
Onshoring industry is not something that is simple. You need a a large workforce that is willing to glue nike’s together or jeans, but also staff / training for welders, construction. Additionally you need people and finance to set this up. A stable playingfield so investers are sure that they will get their money back, also helps.
What does not work is throwing out the people needed to grand permits, schooling and a stockmarket crisis so the things needed to make that transition are simply not there anymore. Not even talking about the daily policy changes.
Addionally, if the US isolates itself and you are the boss of a new company. You can choose to setup a factory in the US but then only deliver to the US market. Or you can setup a factory outside the US and deliver to the whole world. Sure that the US as a big market, but the rest of the world is still serveral times larger. Note that this already happend when the US setup massive trade barries and many countries world wide start trading more with each other.
This sounds like a statement of religious faith.
I think Tesla brand is forever tarnished by Musk’s toxic personality, by the abysmal manufacturing quality of the Cybertruck, by the constant delays in the delivery of self-driving technology that consistently over-promises and under-delivers, and by all the other broken promises/absurd claims.
Just looks like a weak UTurn in submission to the bond markets. Guess it’s what happens if you govern using chatgpt. The penguins of Heard Island will be relieved.
I don’t know – this looks more like a power move against china to me.
If china doesn’t negotiate a deal, and digs in its heals, all other low wage countries (of which there are many) will get he business and china will lose nearly all of it. Prior to today, china was more or less in the same boat as all other low wage countries (tariff wise), but now it is at a severe disadvantage.
China could adjust its economy to be consumer led, and ignore the US market, but that would be a difficult transition. One that would greatly decrease the power of the communist party over the people. It would also require a decrease in internal corruption, which is not easy to accomplish in a dictatorial government.
The US is only 10-15% of the Chinese export market. Many items the US can only be bought from China due to their mature supply chains. US suppliers will raise their prices to match Chinese prices plus tariffs. The American consumer and American manufacturers buying parts from China are the losers.
The US is only 10-15% of the Chinese export market. Many items the US can only be bought from China due to their mature supply chains. US suppliers will raise their prices to match Chinese prices plus tariffs. The American consumer and American manufacturers buying parts from China are the losers. With US tariffs on the rest of the world, they will buy more from China than the US.
This isn’t a power move. Go and read the world’s press, they all use words like retreat, weak, flinch. The UK’s two most right wing newspapers describe Trump as having blinked.
And as for internal corruption? I hope none of the US government’s cabinet have been found to be selling and then buying shares in the last few days.
LOL. Trump only gave a 90 day break for other countries because the US was going to get broke… the stock market is the smaller problem. The treasury market on the other hand… countries don´t feel safe to invest in the US anymore.
Good luck financing your 30 trillion debt when you are picking fights with everybody.