Trump tariffs on Canada, Mexico and China to start Saturday. Here's why they may be 'just the warm-up'

Trump tariffs on Canada, Mexico and China to start Saturday. Here's why they may be 'just the warm-up'

From morningstar.com

President also promises other levies - such as for oil and gas on Feb. 18 - while tariff watchers should eye an April 1 report President Donald Trump and his press secretary said Friday that tariffs on Canada, Mexico and China will come on Saturday, with Trump stating that there's no way those countries can avoid the levies. Before Trump's remarks in the Oval Office, White House Press Secretary Karoline Leavitt said the president "will be implementing 25% tariffs on Mexico, 25% tariffs on Canada and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to [be distributed] into our ... (full story)

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Feb 1, 2025 3:47pm

Quoting The Fool

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The major open question is: how far will US equities drop on Monday? Vote a) 1-2% or b) 2-3% or c) >4%.

Ignored

Probably closing higher than -2%, but we'll see -4% or worse printed for sure. I don't know where that puts me

Ravenfeeder

Feb 1, 2025 12:02pm

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Lol maybe he is the antichrist... he's definitely anti-intellect! Stop blaming everybody else and fix shit

The Fool

Feb 1, 2025 4:57pm

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Quoting Vancarbon

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Forget Monday . That’s a distribution day for the mug dip buyers . Think longer term implications - and 10% correction , not in one day of course . Hit the dip buyers hard .

Ignored

I have spreads targeting 5400 and 5000 for March opex, although I won't wait that long to cash those in, if they're in good profit. Trump won't be able to stomach a market crash and will manufacture some sort of "win" to ease off of the tariffs.

Vancarbon

Feb 1, 2025 6:42pm — Edited

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Watch this space Steve - y boy .

Actually , there’s been a fair few corrections along the way - March , Autumnal carry trade , November .

Get with the program and stop taking those hallucinogenic drugs I warned you about if you were sleeping.

Your grammar hasn’t improved I see .

Let’s try again for the umpteenth time - you not “ u “

being - not “ been “

That’s your starter for 10 .

Tick - could do better on your report

Vancarbon

Feb 2, 2025 1:50am — Edited

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Yet here I am , still trading .

Go fig !

It’s a cumulative running total of percentage corrections lol .

I was having a private discussion ( no names mentioned) with a savvy trader who’s posting on this very same thread about the SP prior to the nice drop into November . Anything over 6000 , I was sell side bias , as I am now ..

I know you’re fragile, I hurt your feelings .This stalking obsession is a healing process for you I appreciate that .

I await with bated breath ( or even baited breath ) your next enlightening post Hugs and kisses .

Polimini

Feb 1, 2025 1:13pm

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Quoting Ravenfeeder

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Lol maybe he is the antichrist... he's definitely anti-intellect! Stop blaming everybody else and fix shit

Ignored

he is the smart one. He is making average Billy Bob Joe pay the tax increases instead of putting actual taxes on everyone but especially him and his rich friends with rates that would target them disproportionately

if the poor are idiots the rich will eat them alive, that's what's happening.

Steven1

Feb 1, 2025 5:52pm

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Quoting Vancarbon

Disliked

Forget Monday . That’s a distribution day for the mug dip buyers . Think longer term implications - and 10% correction , not in one day of course . Hit the dip buyers hard .

Ignored

u keep calling for a 10% plus correction and keep been WRONG WRONG WRONG - for 13 months u have been calling for that correction - every month since jan 24 u keep saying that - one day u might be right but also be wrong 50 times too

Steven1

Feb 1, 2025 6:48pm

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Quoting Vancarbon

Disliked

Watch this space Steve - y boy . Actually , there’s been a fair few corrections along the way - March , Autumnal carry trade , November . Get with the program and stop taking those hallucinogenic drugs I warned you about , if you were sleeping. Your grammar hasn’t improved I see . Let’s try again for the umpteenth time - you not “ u “ being - not “ been “ That’s your starter for 10 . Tick - could do better on your report

Ignored

There were zero 10% corrections last year - u have been calling for a 10% correction for 13 months now - 5% corrections yes happened. u have been calling for 10% corrections like your post above - u keep been WRONG WRONG WRONG

Steven1

Feb 1, 2025 7:19pm

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Quoting Vancarbon

Disliked

Well my trading account says ( using your terminology) U’re - WRONG WRONG WRONG Sorry kiddo , the emphasis is trading not buy and hold .

Ignored

If your emphasis is trading not buy and hold than u would be broke based on your 10% correction calling - been wrong 13 months in a row is shocking - stick to your trading and stop doing the long term calls

The Fool

Feb 1, 2025 2:02pm

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The major open question is: how far will US equities drop on Monday? Vote a) 1-2% or b) 2-3% or c) >4%.

The Fool

Feb 1, 2025 4:53pm

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/ES closed at 6,065.5 on Friday. I'd guess by the time the cash market opens on Monday it'll be under 5,900....then we'll see it dip below 5800 b4 the cash close. So, say 260 pt swing, or 4.3%