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  • Trump: As one of many first executive orders I will charge Mexico and Canada a 25% tariff on all products coming into the US

Added at 6:40pm

Haha I guess nice timing right. My USD positions closed in profit.
The solution is (x).
i just shorted asx lol! Trump is going to be very good for me, but really bad for US and World economy. What a f tool this guy is.
thanks for the news mate
Welcome 20% inflation Americans - directly from Moscow. Vlad Putin.
USDCAD to the moon in minutes i was expecting to hold through weekend but here my TP hits in minutes
Quoting BillyIdol
Welcome 20% inflation Americans - directly from Moscow. Vlad Putin.
Trade accordingly. Stopping the flow of cheap crap not made in the USA that falls apart almost instantly isn't gonna make me lose any sleep regardless of what inflation is doing.
90% of trading is preparation
The USA is not everyone's whipping boy. Europe has been taking advantage for a long time. It's about time others start paying up. Hopefully, the days of free money are over.
Trump still claiming he is "charging" other countries with his tariffs. He may actually not understand how tariffs work. They are paid by importers - by US businesses - who simply increase the price of imported goods accordingly. If there is competition for an item which is also produced in the US, the US producer will increase the price of it to be most competitive with the tariffed item. Black market items like fentanyl will not be affected and will continue to arrive in (or be made in) the US as long as there is demand from American tweakers.
"If The Fool persists in his Folly he will become wise." - William Blake
Classic Trump pump and dump comments
Quoting jordanvic
Classic Trump pump and dump comments
I hear if you're an Ultra MAGA $10million donor, you can get 20 minute advance notice to 10 market-moving tweets a year.
"If The Fool persists in his Folly he will become wise." - William Blake
There are such a lot of fools in the deep state. People who want to exercise unconstitutional control over others for their own selfish worldliness. Watch this for an example of these fools:
Inserted Video
This guy is so clever. You must be really in love with him to be willing to pay 25 percent more VAT for your shopping every day.
Trump gins up the culture war hate. His cultists see him as the Great White Hope and would do anything for him.
"If The Fool persists in his Folly he will become wise." - William Blake
Trumps threat of tariffs is to get companies back into the USA. Strange how liberals cant fathom this, but what can you say its to be expected.
Woow! , how comes that 'ff' did not add this to calendar. For guys to be aware ???
After Trump Tweets
Attached Image (click to enlarge)
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If you trade like me, you'll be homeless and broke within a week.
Texas-2-Step Return This Week: na
Quoting Schweet
Trumps threat of tariffs is to get companies back into the USA. Strange how liberals cant fathom this, but what can you say its to be expected.
Because someone disagrees that tariffs are an effective means of doing that, it means they're a liberal? Actually, free trade policies used to be a pillar of the Republican platform. How have tariffs on China worked in the last 8 years to get companies to relocate their production from China into the USA? Can you name any? Could be Trump really cares about American workers and wants to see well-paying jobs return to the USA. But, are the jobs that were relocated to China actually good jobs? There are lots of good jobs here now that can not be filled because there are not enough skilled workers to fill them. I rather think Trump is relying on tariffs to generate revenue, because the ugliest word in the English language to Trump is: taxes. But we'll see how it pans out. Most Trump apologists say he is just working the art of the deal and these are just the opening salvos. We'll find out soon enough.

https://poole.ncsu.edu/thought-leade...for-u-s-firms/
"If The Fool persists in his Folly he will become wise." - William Blake
Read this and laugh. Funny who has written it.

https://www.presidency.ucsb.edu/docu...a-mexico-other


This is about personal revenge

https://www.americanprogress.org/art...nterest-china/


Yes, dumb Americans, do put your trust In Trump.

https://ny1.com/nyc/all-boroughs/new...p-tower-report

He probably has a plan to profit that you don't even know.
The faithful will not entertain any possibility of critical thinking if it means blaspheming their Orange Jesus.
"If The Fool persists in his Folly he will become wise." - William Blake
A smart leader would fortify their country's manufacturing base with many levels of support first and then impose tariffs in order to finish the endeavor of gaining the upper hand.

This guy does it the other way around. That means several years of dealing with expensive everything until maybe some manufacturers see it safe to invest in factories or start using US's own raw materials to fill in the gaps. Of course by then, those manufactures will be selling their goods at the already established expensive prices of the day.

On top of that with the mass deportation of cheap labor, the wages will have to be higher too and those additional expenses will be added to the already expensive stuff.

Don't forget that other countries are not going to stand by and watch this. They will be opening new markets and supply routes that will enable them to compete and sell their products elsewhere.

Vlad couldn't have planned it better. Good luck USA.
Quoting UnitedFx
{quote} Trade accordingly. Stopping the flow of cheap crap not made in the USA that falls apart almost instantly isn't gonna make me lose any sleep regardless of what inflation is doing.
That Iphine you are talking about?
He says something and does the other and simpletons gulp all of it down like Kool aid.

During Trump Presidency, 200,000 Jobs Offshored and Corporations Involved Awarded $425 Billion in Federal Contracts

https://www.citizen.org/article/duri...ral-contracts/
Quoting OutThere
He says something and does the other and simpletons gulp all of it down like Kool aid. During Trump Presidency, 200,000 Jobs Offshored and Corporations Involved Awarded $425 Billion in Federal Contracts https://www.citizen.org/article/duri...ral-contracts/
Yes he truly is full of s*

Forex factory is being made great again...
Those who failed to criticize Biden administration have woken from
their slumber...welcome back guys...
its going to be fun 4 years ahead
Quoting BillyIdol
Welcome 20% inflation Americans - directly from Moscow. Vlad Putin.
How did you come up with such a figure???
Post graduate in fortune telling?
I would love to place some trades, if you know something, tell us.
Quoting Schweet
Trumps threat of tariffs is to get companies back into the USA. Strange how liberals cant fathom this, but what can you say its to be expected.
What if you're wrong? What if you are so blinded by hating the left that maybe you miss the point entirely? Trump is going to extend the tax cuts. The money needs to come from somewhere else otherwise the deficit is going to explode. You can't just borrow into oblivion without any consequences. People work on a salary of 150 a month in a t-shirt factory in China for instance. Do you think that putting 25% tariffs on goods made in China is going to move that factory back to the US? Are you willing to work for 200 dollars a month in a t-shirt factory? The math just doesn't add up. Trump is not charging Canada or Mexico he is charging you because the cost will be passed on to the consumer. Manufacturing will never return to the US unless people are willing to take a massive pay cut. Is just that simple. I have a friend who works in a factory in Romania making Louis Vuitton wallets and bags for a salary of about 500 euros a month. Do you think that putting a 25% tariff on that bag is going to move that factory to the US? The man is smart cause he managed to make people believe that tariffs are being paid by other countries. Countries don't sell anything companies do. All companies take advantage of the cheap labour in that country so that they can sell their products at competitive prices. So far you got away with not paying that tariff because China was shipping to Mexico bypassing the tariff but now there is nowhere around it. Products will be more expensive.
Quoting donroyalfx
Woow! , how comes that 'ff' did not add this to calendar. For guys to be aware ???
How are they supposed to add unplanned news to the calendar? They are not mind readers.

Buckle up. That's what 2016-2020 (Trump's first term) was like.
Quoting OutThere
He says something and does the other and simpletons gulp all of it down like Kool aid. During Trump Presidency, 200,000 Jobs Offshored and Corporations Involved Awarded $425 Billion in Federal Contracts https://www.citizen.org/article/duri...ral-contracts/
Aperantly Vietnam is picked to become the new cheap labour. If I was a businessman I would look to invest in Vietnam. Like this guy here.
https://www.reuters.com/business/tru...am-2024-10-08/
Quoting Nick.
{quote}Aperantly Vietnam is picked to become the new cheap labour. If I was a businessman I would look to invest in Vietnam. Like this guy here. https://www.reuters.com/business/tru...am-2024-10-08/
Yes, I was going to write that all he is doing is shifting the 'cheap goods' to different countries like Vietnam. Guess who owns a ton of those manufactures in Vietnam? China of course. They are probably laughing their arse off at the stupidity. In fact his las tariff round already sent a lot of manufacturing to Vietnam, so they're ready already.
Quoting OutThere
{quote} Yes, I was going to write that all he is doing is shifting the 'cheap goods' to different countries like Vietnam. Guess who owns a ton of those manufactures in Vietnam? China of course. They are probably laughing their arse off at the stupidity. In fact his las tariff round already sent a lot of manufacturing to Vietnam, so they're ready already.
You got to give it to him. He ain't stupid that's for sure. He is playing everybody. This guy only has one goal in mind and it ain't making America great.
Quoting Nick.
{quote}You got to give it to him. He ain't stupid that's for sure. He is playing everybody. This guy only has one goal in mind and it ain't making America great.
Yes, he made America so great his first time. He will make it double great this time.

He criticizes telling of plans before hand in regards to generals and their war plans. Now a couple of months before he is allowed to do anything he is on megaphone. I think it's a ploy to scare off other countries and maybe collect some concessions before even starting a negotiation.

Will see in 4 years how great America (or Russia or Vietnam or his own wealth) has become.
Quoting Nick.
{quote}Aperantly Vietnam is picked to become the new cheap labour. If I was a businessman I would look to invest in Vietnam. Like this guy here. https://www.reuters.com/business/tru...am-2024-10-08/
You are right. he is not stupid. It all stems down to the electorate, the common people.
Economically, were they well off under Biden or under Trump first term? Very simple answer.
Quoting chemosi
{quote} You are right. he is not stupid. It all stems down to the electorate, the common people. Economically, were they well off under Biden or under Trump first term? Very simple answer.
https://www.forbes.com/sites/dereksa...-final-update/
Quoting OutThere
{quote} https://www.forbes.com/sites/dereksa...-final-update/
Not from fake news or mainstream media.
The data from forbes is meant for us and economists.
I mean boots on the ground news reporting.
This would be Trump's true presidency this time around. He doesn't have a once in a 100 year event in COVID and he has both house and senate majority. Any accomplishments he has under his term will be all on his own merit and vice versa with any negative.
The solution is (x).
No, actually tariffs predated free trade by several hundred years. They were the mainstay in international trade at the time of the founding of the United States of America. They were also the means of how the federal government was supposed to be funded in order to stay limited to their constitutional authority. America, being the most competitive nation on earth due to the freedoms espoused in the Constitution and Bill of Rights would, therefore, have the lowest tariffs, thereby keeping the federal government bound financially while eliminating direct taxes on the labor of the citizenry. This was all shot to hell with centralized banking and the printing of endless inflationary money. The creeps mentioned in the video above now rob the people and the states and control leaders through blackmail and nefarious underground operations like sex slavery, drugs, mind control and money cartels.
Quoting Banditten
{quote} That Iphine you are talking about?
Let me translate:
euro=junk
pound=junk
peso=junk
Cad=junk
USD going to absorb all other western currency.
90% of trading is preparation
Quoting chemosi
Forex factory is being made great again... Those who failed to criticize Biden administration have woken from their slumber...welcome back guys... its going to be fun 4 years ahead
I used to be a red level contributor. I got kicked in 2015 when Trump won the first time. This time around I'm blocking them not arguing. at the end of the day it only matters how much % you make and how little % you draw down. the proof is in the trading account. i don't need narrow minded libs to like me lol
90% of trading is preparation
I don't know that they're libs; preferably globalist centralist banker-minded
Quoting oxbuck
No, actually tariffs predated free trade by several hundred years. They were the mainstay in international trade at the time of the founding of the United States of America. They were also the means of how the federal government was supposed to be funded in order to stay limited to their constitutional authority. America, being the most competitive nation on earth due to the freedoms espoused in the Constitution and Bill of Rights would, therefore, have the lowest tariffs, thereby keeping the federal government bound financially while eliminating...
So you admit that tariffs are a form of taxation. Now you have taxes and tariffs. Way to go. I guess some people have more money than sense.
Quoting chemosi
{quote} You are right. he is not stupid. It all stems down to the electorate, the common people. Economically, were they well off under Biden or under Trump first term? Very simple answer.
The common people have no clue. Biden passed The inflation reduction act, the infrastructure act. Good sensible policies aimed at helping the economy. That man worked hard to bring the inflation down and keep a steady unemployment rate at record low. Us Economy was best in the world under Biden. Under trump you get tax cuts for corporations, tariffs( taxes) for "the common people" deregulation for corporations which means bigger income inequality gap. Just look how much wealth was added to the 1% since his reelection. A good sign of where things are headed.
One more point on deregulations. Remember 2008? The whole world economy was on the brink of collapse. That was all deregulations. Those rules are in place for a reason.
Quoting Nick.
{quote}The common people have no clue....
.
Complete rebuttal...
The common people saw a very convincing clown show in the Biden administration...
Wall street or Main street...
Mainstream education or street smart...
Where do the majority of the electorate stand...
Economists are baffled...
Quoting Nick.
{quote}One more point on deregulations. Remember 2008? The whole world economy was on the brink of collapse. That was all deregulations. Those rules are in place for a reason. ...
A simple BOJ rate hike can do more damage.
The everything bubble has become too sensitive...easy to prick

In summary, save your talking points to when Trump is in office..
Extrapolation of your worst fears to the common people will yield nothing.
Absolutely nothing..
Quoting Nick.
{quote}The common people have no clue. Biden passed The inflation reduction act, the infrastructure act. Good sensible policies aimed at helping the economy. That man worked hard to bring the inflation down and keep a steady unemployment rate at record low. Us Economy was best in the world under Biden. Under trump you get tax cuts for corporations, tariffs( taxes) for "the common people" deregulation for corporations which means bigger income inequality gap. Just look how much wealth was added to the 1% since his reelection. A good sign...
https://edition.cnn.com/2022/01/26/p...icy/index.html

"During Trump's first term in office, he imposed tariffs on more than $360 billion worth of Chinese products - of which the Biden administration maintained the vast majority, and layered on new tariffs on products such as steel, solar cells, and electric vehicles"
Quoting chemosi
{quote} https://edition.cnn.com/2022/01/26/p...icy/index.html "During Trump's first term in office, he imposed tariffs on more than $360 billion worth of Chinese products - of which the Biden administration maintained the vast majority, and layered on new tariffs on products such as steel, solar cells, and electric vehicles"
Those industries make sense because you can produce in the US. But putting tariffs on a t-shirt is a way to raise your tax.
Quoting Nick.
{quote}The common people have no clue. Biden passed The inflation reduction act, the infrastructure act. Good sensible policies aimed at helping the economy. That man worked hard to bring the inflation down and keep a steady unemployment rate at record low. Us Economy was best in the world under Biden. Under trump you get tax cuts for corporations, tariffs( taxes) for "the common people" deregulation for corporations which means bigger income inequality gap. Just look how much wealth was added to the 1% since his reelection. A good sign...
Funny I remember 08 market sell off started when it was apparent that Obama was the winner. Biden is a joke, Nov 5th is proof.
90% of trading is preparation
Quoting chemosi
{quote} . Complete rebuttal... The common people saw a very convincing clown show in the Biden administration... Wall street or Main street... Mainstream education or street smart... Where do the majority of the electorate stand... Economists are baffled...
I think we might have different understandings of what a clown show looks like, but since we are headed to a second season of Dancing with the Stars, a clown show is almost guaranteed.
Quoting UnitedFx
{quote} Funny I remember 08 market sell off started when it was apparent that Obama was the winner. Biden is a joke, Nov 5th is proof.
Watch The Big Short and please point to when in that movie Obama was the problem.
Quoting Nick.
{quote}Watch The Big Short and please point to when in that movie Obama was the problem.
Lol I was trading dozens of ES in 2008 I didn't get my info from a movie.
90% of trading is preparation
interesting piece on tariffs on China. If Trump can get China to produce cars (EVs especially) in the US, what does that mean for TSLA?

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting UnitedFx
{quote} Lol I was trading dozens of ES in 2008 I didn't get my info from a movie.
Ok, so you are a new member here but you were trading in 2008. Did it take you 16 years to find this site? And what is it with you people who add people you're debating with to the ignore list? Just ignore it entirely and don't bother replying if you don't want to interact. Stop acting like a toddler.
Quoting Nick.
{quote}Ok, so you are a new member here but you were trading in 2008. Did it take you 16 years to find this site? And what is it with you people who add people you're debating with to the ignore list? Just ignore it entirely and don't bother replying if you don't want to interact. Stop acting like a toddler.
I've been trading since 1998. Not following where you're going with that comment. I'm here for the news...forex factory is a great news site and many good trading ideas.
90% of trading is preparation
Why the Americans think they are center of the world?

Covid...oh us Americans got it bad
Inflation...oh us Americans suffered
Borders...oh us Americans have it bad
Recession... oh us Americans got hit
Imports..oh, us Americans getting ripped off

oh oh oh...feel sorry for us Americans that should have everyone kneel at our feet and worship our superiority
Quoting OutThere
Why the Americans think they are center of the world? Covid...oh us Americans got it bad Inflation...oh us Americans suffered Borders...oh us Americans have it bad Recession... oh us Americans got hit Imports..oh, us Americans getting ripped off oh oh oh...feel sorry for us Americans that should have everyone kneel at our feet and worship our superiority
Well starting in January if other countries want to participate in the American economy they have to pay up. Brilliant concept, trade accordingly.
90% of trading is preparation
Quoting UnitedFx
{quote} Well starting in January if other countries want to participate in the American economy they have to pay up. Brilliant concept, trade accordingly.
I wish I didn't have to participate in your up to eye balls in debt economy. How can I be excluded please?
I don't see anything with made in usa on it. All we get in whining, complaints and threats.
Less than 5% of the world's population but 95% pain in the butt.
Quoting OutThere
I don't see anything with made in usa on it. All we get in whining, complaints and threats.
Buy a stronger country sell a weaker this is a good time for fx traders. Americans do whine I'll give you that.
90% of trading is preparation
Quoting UnitedFx
{quote} Buy a stronger country sell a weaker this is a good time for fx traders. Americans do whine I'll give you that.
You guys are strong only because you have financed strength.

This is how the world sees your head huncho and they are loading their dog spray cans already. I've been told that dog biscuits work too, so it depends on the philosophy of the victims of him on how they want to go about it's attacks.
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Quoting UnitedFx
{quote} I've been trading since 1998. Not following where you're going with that comment. I'm here for the news...forex factory is a great news site and many good trading ideas.
Ok so after 26 years of trading you decided to join Forex Factory for news and "trading ideas". I see.
Something wrong with reading news and other trading ideas?
90% of trading is preparation
Quoting OutThere
{quote} You guys are strong only because you have financed strength. This is how the world sees your head huncho and they are loading their dog spray cans already. I've been told that dog biscuits work too, so it depends on the philosophy of the victims of him on how they want to go about it's attacks. {image}
Trade accordingly or whine your account to zero. It's your choice.
90% of trading is preparation
Quoting UnitedFx
{quote} Trade accordingly or whine your account to zero. It's your choice.
Why? You think the rest of the world is going to fold in because of this guy?
More trade agreements have been made and are being made around the world by all those who have good manufacturing base.
Americans have to watch out that they won't be excluded and isolated any more than they are.
Every act of financial aggression is just a shot in the US foot. Enjoy.
What's wrong with buying it on the way up and selling it on the way down? That's my plan.
90% of trading is preparation
Quoting The Fool
If Trump can get China to produce cars (EVs especially) in the US, what does that mean for TSLA? https://www.youtube.com/watch?v=_o1LC8Fwbm8
I will not be surprised if this is the primary focus and if they can pull that off, kudos. Mostly I'd like to see this come to pass so that TSLA tanks and I am building long term shorts via deep otm put spreads. The narcissist atmosphere is not big enough to sustain both Elon and DJT for very long. TSLA is a road apple and I want to be there when the wheels come off the klown car.
"If The Fool persists in his Folly he will become wise." - William Blake
The debate about Trump's tariffs can go on forever, but one thing is for sure, and that's Trump is good for volatility trading. A primary Trump goal is to appear in the public eye and the bigger and flashier the appearance, the better. So he will keep doing the pronouncements via Truth Social and any one of those can move the markets. All a trader can ask for is a market that moves. You just have to be in there and cya lest it get shot off in the news flux...
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
Trump still claiming he is "charging" other countries with his tariffs. He may actually not understand how tariffs work. They are paid by importers - by US businesses - who simply increase the price of imported goods accordingly. If there is competition for an item which is also produced in the US, the US producer will increase the price of it to be most competitive with the tariffed item. Black market items like fentanyl will not be affected and will continue to arrive in (or be made in) the US as long as there is demand from American...
You are right, but the point is not making money off of tariffs. That's just how he convinces the voters.

The real purpose is to lower the amount of imported goods. Which will put pressure on the US and world GDP.

Im down for it, economic activity and inflation is mad since the pandemic. Cash has never been so useless before. In order to not turn the world into a big hot Venezuela in the near future, this consumption madness needs to slow down.
I make my own luck.
Quoting Nordling
{quote} The real purpose is to lower the amount of imported goods. Which will put pressure on the US and world GDP..... this consumption madness needs to slow down.
Another round of wealth transfer? DJT will crash the stock market, blame it on gays, and MAGA will believe it as their accounts are drained. I doubt it though. More likely Trump & Co. has no clue what they are doing.
"If The Fool persists in his Folly he will become wise." - William Blake
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  • Posted: Nov 25, 2024 6:40pm
  • Submitted by:
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    Category: High Impact Breaking News
    Comments: 67  /  Views: 16,427

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