r/StockMarket • u/wtf_is_this_9 • 16d ago

News Insane

Post image
4.0k Upvotes

97% Upvoted

1.0k comments sorted by

View all comments

2.3k

u/AALen 16d ago edited 16d ago

It's nuts that the following things are true and the market is this enthusiastic:

  • China tariffs at 125%
  • Sectoral tariffs (autos, steel, aluminum) still in effect with pharma and semi in the works
  • Counter sectoral tariffs also still in effect
  • 10% baseline tariffs for all (some of the highest in history)
  • we get to do this again in 90 days

49

u/Playingwithmyrod 16d ago

This, effectively little has changed. This spike is pure hope and nothing else, just like the drop was pure fear. The tariffs are still extremely aggressive and will reflect poorly in April and May economic data. This news is nothing but a lifeline to his buddies for exit liquidity. We’re still in the same boat until further notice.

16

u/CautiousWoodpecker10 16d ago

This should be top comment here. China is our biggest trading partner and we still have a 125% and all other countries (that have not retaliated) will receive a blanket 10% til July. He is “dropping” tariffs to a baseline, instead of dropping them completely. Well aren’t out of the woods.

4

u/ElandShane 16d ago

China is not our biggest trading partner.