Trump imposes 30% tariffs on EU, Mexico | Metals Mine

Trump imposes 30% tariffs on EU, Mexico | Metals Mine

Trump imposes 30% tariffs on EU, Mexico

From breakingthenews.net

United States President Donald Trump announced on Saturday his decision to impose 30% tariffs on goods from the European Union and Mexico, effective August 1. In the letters that he sent to European Commission President Ursula von der Leyen and Mexican head of state Claudia Sheinbaum, Trump warned that if either of the two tried to retaliate, the US would respond with an increased levy. As in the previous letter she sent out recently, Trump said that both the EU and Mexico will avoid the tariffs if they decide to build or manufacture their products in the US.

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Jul 12, 2025 10:27am

Quoting Vancarbon

Disliked

“ Don’t retaliate “he says Maybe they should , call his bluff . This should be the default of all targeted countries, however it needs to be a coordinated response across all nations otherwise the US has the leverage to outmanoeuvre each country on an individual basis .

Ignored

I don't see how the EU can avoid retaliation. The US is the major EU trade partner - both countries sell and buy high-value goods and services from each other - and it's reasonably balanced. The EU seems to be on reasonable terms with BRICs nations (not all EU countries and not all BRICs nations), so if what you suggest were to happen, what's the long-term implication (the short term being some kind of Taco moment)?

My guess, the EU retaliates with similar levels of tariffs. They speed up trade talks with China and India, and start formal negotiations with other BRICS nations (they may well be underway or have deals in place, so could look to expand these). Trump goes ahead with his anti-BRICS threat and bangs another 10% of the EU. But the damage is already done and so just confirms the need for closer trade between the EU and China, India, Brazil and possibly Russia (OK - keep some of Ukraine and put all of this behind us).

So Trump's tariffs may inadvertently be the trigger for resolving differences in the BRICS nations (a common threat will do that). Trade deals with the EU and BRICS nations make it more likely that $ alternative for settlements becomes mainstream. Ultimately, we end up with a multi-polar world order, just like the BRICS stated aim. And all they had to do was get Trump elected (lol - sorry - going down the conspiracy theorist rabbit hole can be fun).

6

Jul 12, 2025 9:40am

Quoting Vancarbon

Disliked

“ Don’t retaliate “he says Maybe they should , call his bluff . This should be the default of all targeted countries, however it needs to be a coordinated response across all nations otherwise the US has the leverage to outmanoeuvre each country on an individual basis .

Ignored

Let's just stop buying Made in USA products. Calling for a world wide boycott.

6

Jul 12, 2025 9:28am

“ Don’t retaliate “he says

Maybe they should , call his bluff . This should be the default of all targeted countries, however it needs to be a coordinated response across all nations otherwise the US has the leverage to outmanoeuvre each country on an individual basis .

5

Jul 12, 2025 10:11am

only way forward is to respond with 30% reciprocal and let them go to 200%

4

Jul 12, 2025 11:06pm

The United States and Israel may believe they can continue shedding innocent blood without facing consequences. But history has shown us that oppression never goes unanswered forever. The cries of the children, the shattered families, and the devastation left behind do not disappear into silence—they echo through time, seeking justice. When the powerful abuse their strength, a reckoning eventually arrives. This is not a matter of politics but of humanity. No nation, no army, and no leader is beyond accountability. The curse of the innocent—the weight of their blood—will rise, and it will chase those responsible, whether in this life or the next. You cannot build peace on the bones of the innocent and expect it to last. Every soul matters, and every injustice writes its own consequences. To think otherwise is not just arrogance—it’s a dangerous illusion.

4

Jul 12, 2025 11:30am

All these letters he's been sending out to world leaders - a quaint touch to announce how much tax he is going to levy on his own citizens.

Mate, you can do whatever you like, you're the President. We don't really care anymore.

3

Jul 12, 2025 10:37am

Trump thinks he is owner of the world.....Rest of the world must respond swiftly and strongly.

4

Jul 12, 2025 9:54am

Quoting Mafia

Disliked

Expect EU gap on monday opening.

Ignored

EU market is open, no need to wait until monday.
https://www.ig.com/en/indices/market...weekend-eurusd

3

Jul 12, 2025 11:07am

Quoting OnlineAddict

Disliked

{quote} EU can't afford that...Germany is already broke, France and Italy are over, too and those economies used to run the whole continent.

Ignored

Pretty sure the ones that are broke is the US (they are doing this exactly because they are broke), and they can't afford another problem with their debt.

You got your facts all upside down mate.

3

Jul 12, 2025 4:08pm

Quoting OnlineAddict

Disliked

{quote} US could simply cut military spending and they would have more money than any other country. They are also self-sufficient with both, food and energy. EU is broke due to dumb policies which can't be reversed at this point, its too late.

Ignored

great idea... lets start it off by cutting military aid to those genocidal ashkenazi zionists

2

Jul 12, 2025 11:12pm

Quoting 40k

Disliked

The United States and Israel may believe they can continue shedding innocent blood without facing consequences. But history has shown us that oppression never goes unanswered forever. The cries of the children, the shattered families, and the devastation left behind do not disappear into silence—they echo through time, seeking justice. When the powerful abuse their strength, a reckoning eventually arrives. This is not a matter of politics but of humanity. No nation, no army, and no leader is beyond accountability. The curse of the innocent—the weight...

Ignored

Thanks for your opinion...

2

Jul 12, 2025 10:14pm

Quoting OnlineAddict

Disliked

{quote} US could simply cut military spending and they would have more money than any other country. They are also self-sufficient with both, food and energy. EU is broke due to dumb policies which can't be reversed at this point, its too late.

Ignored

That would never happen, we're just milking the fiat ponzi scheme until it bursts and we resort to using guns to start the cycle over again

2

Jul 12, 2025 2:07pm

Quoting OnlineAddict

Disliked

{quote} US could simply cut military spending and they would have more money than any other country. They are also self-sufficient with both, food and energy. EU is broke due to dumb policies which can't be reversed at this point, its too late.

Ignored

They would also not have any world impact anymore and all their efforts to maintain world supremacy would go down. But than again that's already happening so yeah maybe sticking to their corner and cut on military but mind their own business would be the best for everyone

2

Jul 12, 2025 10:28am

Quoting Polimini

Disliked

only way forward is to respond with 30% reciprocal and let them go to 200%

Ignored

EU can't afford that...Germany is already broke, France and Italy are over, too and those economies used to run the whole continent.

2

Jul 12, 2025 11:32am

I'm cooked on Sunday

2

Jul 12, 2025 11:26am

Quoting 40k

Disliked

Trump thinks he is owner of the world.....Rest of the world must respond swiftly and strongly.

Ignored

not trump. Alot of Americans have this narrativr

2

Jul 12, 2025 11:55am

off topic re: tariffs, but I found this interesting re: labor re: illegal immigration crackdown. Brookings lady says we should start seeing shrinking labor supply (no surprise, right) and also a shrinking economy, a reduction in consumer demand....so, ultimately, removing so many people from the consumer base will be deflationary. How this can not be negative for US equities is beyond me, but, how long can you wait for another correction?

As the 2nd guy implies, the Fed will enter on the shrinking NFPs, and that will be the easing that can jack equities into more ath's.

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1

Jul 12, 2025 5:31pm

Quoting CycleGF

Disliked

But this is so stupid, if US raises Tarrif by 30% , then Mexico can do a reciprocal increase. So, if US receive $1B in tariffs revenue from foreign companies , so Does Mexico from the US companies, and some countries like China could impose even higher Tarrifs on US companies which is the risk ....

Ignored

Tariffs are taxes paid by importers. Any revenue received by the US Treasury from tariffs comes from US companies - the importers.

1

Jul 14, 2025 10:20am — Edited

Quoting Trader#1B4B

Disliked

{quote} According to you and your buddies, tariffs are just a tax on its citizens that only causes harm to the country that implemented tariffs. Explain to me how the EU retaliating with higher tariffs will benefit their citizens and countries in the EU. Everyone in this board who has been saying this has suddenly changed their opinion to "retaliate with more tariffs!". Now why would you do that?

Ignored

Well, it’s actually not that difficult to grasp . You’re implying it’s also a tax on European citizens , which it is . However , it’s also a massive revenue collecting scheme hence why not recoup some of that revenue from your own citizens, reduce foreign export demand, incentivising domestic supply.

Ultimately the burden will always fall on either the consumer or the supplier/ business , whilst dampening competition . Not good, but sometimes you have to fight fire with fire .

Trade free borders would be great , however in this protectionist world it’s a pipe dream.

1

Jul 12, 2025 6:11pm

Quoting OnlineAddict

Disliked

{quote} US could simply cut military spending and they would have more money than any other country. They are also self-sufficient with both, food and energy. EU is broke due to dumb policies which can't be reversed at this point, its too late.

Ignored

if my grandma had wheels she would be a truck.... I'm sure the US is going to cut military spending next Monday mate. Btw the interest on the debt is already higher then all the military spending, so no, it would not have more money than any other country, they couldn't even pay the interest on the debt.

MAGA crowd is so dumb ffs

1

Jul 12, 2025 2:27pm — Edited

But this is so stupid, if US raises Tarrif by 30% , then Mexico can do a reciprocal increase. So, if US receive $1B in tariffs revenue from foreign companies , so Does Mexico from the US companies, and some countries like China could impose even higher Tarrifs on US companies which is the risk .. At the end, Jay Powell is right, only Inflation will go up , therefore, the interest rates.... This is where Trump is pointing the gun at Powell not to raise the rate ... This is where the drama gets very interesting.... Now, DXY is saying enough , it's moving upward in expectations of higher inflation... Well
If the Inflation goes higher , and interest rate lower, then there will be a unique but devastating economic implications....for one thing, what Trump wants too , the borrowing costs will go down ... But the asset prices will collapse due to asset bubble, and spending will go up , leading to higher and higher inflation on the back of excess demand which will push the inflation even higher and the credibility of the Fed will be on stake... Some one needs to educate Trump on the economic implications of higher Tarrif and lower interest rate

1

Jul 13, 2025 1:55am

Quoting 40k

Disliked

The United States and Israel may believe they can continue shedding innocent blood without facing consequences. But history has shown us that oppression never goes unanswered forever. The cries of the children, the shattered families, and the devastation left behind do not disappear into silence—they echo through time, seeking justice. When the powerful abuse their strength, a reckoning eventually arrives. This is not a matter of politics but of humanity. No nation, no army, and no leader is beyond accountability. The curse of the innocent—the weight...

Ignored

History has detailed files on this phenomena,but oh well,we never learn.

1

Jul 12, 2025 11:18am

Germany's debt to GDP ratio is actually around 62% which about 50% less than USA's.

2

Jul 12, 2025 1:19pm

Quoting Polimini

Disliked

{quote} Pretty sure the ones that are broke is the US (they are doing this exactly because they are broke), and they can't afford another problem with their debt. You got your facts all upside down mate.

Ignored

US could simply cut military spending and they would have more money than any other country. They are also self-sufficient with both, food and energy.

EU is broke due to dumb policies which can't be reversed at this point, its too late.

1

Jul 12, 2025 10:59pm

Remember folks your opinions are not facts, know the difference...

1

Jul 12, 2025 10:56am

Buckle down!

Ready for the “ Europeans having a meltdown “ comments and a surplus of # trader attacks .

1

Jul 12, 2025 10:30am

Quoting TraderTero

Disliked

{quote} Let's just stop buying Made in USA products. Calling for a world wide boycott.

Ignored

Been doing that for a while lol

1

Jul 12, 2025 12:13pm

Quoting Trader#B945

Disliked

How will it impact on gold?

Ignored

Usually it going up when they slap the tariff.
atm IG showing 3362 after it was 3368
I dont know how realistic the data, sometimes it does.

Jul 12, 2025 1:39pm

Quoting Vancarbon

Disliked

{quote} I think they’ll have the market at the levels were most premiums are discounted before any attempt at ATH . There’s some pretty decent ( huge) gaps from the u-turns. If this confrontational approach continues, we all saw how the market reacted previously .

Ignored

The Naz hit new ath Thurs, close down 0.2% Friday. We'll see in the coming week, but I'd expect market to shrug off these taco announcements with more and more ease. Coming week kicks off another earnings season, with the megabanks on Friday. Earnings estimates have been pushed down in the tariff angst, so naturally there will be a tidal wave of beats. It's just very hard to catch a down move. If you're nimble, best plan is to keep some powder dry for the btfd...

Jul 12, 2025 2:10pm

Quoting OnlineAddict

Disliked

{quote} US could simply cut military spending and they would have more money than any other country. They are also self-sufficient with both, food and energy. EU is broke due to dumb policies which can't be reversed at this point, its too late.

Ignored

Simply

Jul 14, 2025 10:22am

Quoting Trader#1B4B

Disliked

{quote} Of course a change of the status quo is going to have a short term impact, it's the long term people don't understand or refuse to see. Trump has 4 years to renegotiate new trade deals and he's coming out strong to get these countries to come to the table A.S.A.P. - and it's working! Industries are coming back to our country and more coming back overtime is a good thing despite what clowns on here say. You have the one clown above saying they're going to target "red states", lol.

Ignored

Which industries specifically ?

Jul 14, 2025 11:15am — Edited

Quoting Trader#1B4B

Disliked

{quote} incentivizing investing in ones country bringing jobs back to protect jobs and industries That's really all you had to say. {quote} I'm not listing all of them for you, two big ones: Hyundai has invested $21B to expand their auto industry right here in the good ol' USofA (creating more jobs) and $6B in a steelmaking facility right here in the good ol' USofA that will produce more than 2.7 million metric tons of steel a year and create more than 1,400 jobs! For the first time in 70 years a new rare earth metal mine, operated by Ramaco Resources,...

Ignored

You read what you want to read, obviously .

I agree with steel and certain critical infrastructure staying in-house irrespective of costs . I made no predictions about your economy , I commented on the headline title and your question .

I think the US will really struggle to rebalance without tackling China , its manufacturing competitiveness and labour supply . I don’t see the US even touching the sides with that without cowering China .

You think different , that’s good. That’s what opinions are all about .

Jul 12, 2025 10:38pm

No one taking the opposite side of the trade and expecting an equity gap up? Or, if not a gap up, at least a positive move off a small gap of less than 0.5% lower leading to positive territory at some point before the cash markets open in NY?

Jul 14, 2025 9:22am — Edited

Quoting Trader#1B4B

Disliked

{quote} According to you and your buddies, tariffs are just a tax on its citizens that only causes harm to the country that implemented tariffs. Explain to me how the EU retaliating with higher tariffs will benefit their citizens and countries in the EU. Everyone in this board who has been saying this has suddenly changed their opinion to "retaliate with more tariffs!". Now why would you do that?

Ignored

It likely does not benefit the EU, but perhaps not in the way that you are describing.

Countries implement tariffs for multiple reasons. If you are a producing country, it protects your manufacturing capabilities by making foreign goods more expensive than your domestic products. This encourages your citizens to purchase from your manufacturers, thus reducing your reliance upon other nations. That seems to be what this US administration is attempting to accomplish. Onshoring. However, the infrastructure is not set up yet to adequately replace imports with domestic manufacturing. As such, tariffing mported products will come to the degree that companies pass this along to the end consumer, increase prices and, therefore, cause some level, no matter how small, of inflation.

For producing countries to retaliate with higher tariffs on us goods, they could be protecting their markets by trying to replace some of the lost demand in America via domestic consumption.

To use an admittedly rudimentary (and likely poor) example, let's say the United States slaps a 30% higher tariff on BMW vehicles. Now Germany can't sell as money to the United States because consumers here don't want to pay the extra $15,000 on their high-end luxury vehicle in the hopes that prices come down at some point in the future. Germany needs to sell more cars to keep its GDP high and make up for the loss of BMW sales to the US, so they increase the cost of Ford vehicles by 30%, thus making domestically manufactured products seem more affordable to their consumers.

Now extrapolate that and everything from pharmaceutical drugs to raw material prices.

The problem with doing all of this so quickly is that the world is highly integrated. You cannot undo that overnight. The US has a lot of land. The US has a lot of money.... Or at least prints a lot depending on who you talk to. Either way, the US produces less than it consumes. To balance this, we either need to buy less, or produce more at. At least, I think that's what the administration is attempting to do. Is this the right way to do it? Probably not. The equity markets, however, do not seem to care. The forex markets, however, seem to care quite a bit.

So how does it hurt the EU? Well, it just pokes the bear, and leads to more stern action from the administration. This kicks the can down the road and really just puts pressure on all parties. The administration seems to feel that the US can withstand that pressure better than other nations.... And that other nations do not have a choice in the near term but to buckle. So now it's a game of chicken.

***Edit: I neglected to mention that the alternative (or, perhaps, even PREFERRED) outcome would be for other countries to consume as much in American goods as America does of theirs. After all, the "trade deficit" seems to be the administration's sticking point. How those in charge expect the world to buy as much in American goods as America does of the world's is beyond me, but there it is....

I used voice to text for this, so there are probably a lot of errors. That said, I'm too lazy to go back and change it, so sorry for any improper wording or grammar. I blame AI!

Jul 14, 2025 10:05am

Quoting Trader#1B4B

Disliked

{quote} I know what tariffs are for and why they are used and why the US is slapping high tariffs on other countries. I would like to hear from the people who have been saying it's just a tax on their citizens and does nothing to benefit the country using them because now they're all saying "call his bluff, retaliate with higher tariffs!".

Ignored

I am with you on that (at least in part). I figured you had a good grasp based on your comments and was tossing some, admittedly over simplified, logic into the thread.

The "hot ' with higher tariff" commentary is noise, given without sound logic (in nearly all cases). Kind of like the "buy gold now!" or "f* trump!" posters.

That said, if a tariff hurts the "consumer" nation more than the producer (immediately anyway, since prices go up on goods, affecting the consumer, before a slowing demand can hurt the producer, in most cases). US = larger consumer, so tariffs impact that country most (near term). So, producer nations COULD, if they were willing to take a hit in the mid-longer term as they attempt to secure/retain better trade terms, keep tariffs in place or retaliate against any US imports (i.e. tariff US products) knowing that the US would essentially issues higher tariffs essentially ending trade (I e. The threat with China over the 145% tariff level......or whatever ridiculous number that hit).

It is for that reason I said it is a game off chicken. The US appears to believe it has the leverage as the consumer and can effectively walk away from the deal. The balancing act comes in as the producer nations can sell in smaller quantities to non US entities. The US, however, if it cannot meet demand locally, is forced to pay higher prices because of the tariffs on imported goods. Whichever side feels the most pain and concedes first will "lose".

Of course, in the present situation, it SEEMS like all sides are losing (or that the US is winning.....or that only the US is losing.....depending on who/what you believe).

Jul 14, 2025 10:10am

Quoting Trader#1B4B

Disliked

{quote} Ahhh, so that's how tariffs work. They only effect red states. Gotcha. I didn't know that. I see now. Thank you.

Ignored

Haha. Well, to be fair, it you take out CA (and maybe NY?), the vast majority of "production" is occurring in 2024 "red" states. That was still likely a result of a very strange election tough. Biden nor Harris was going to put up strong enough numbers, but to flip so late in the game didn't leave the party with much chance. There are going to be plenty of pissed off centrists before the next election though, at least if things stay the same),....

Jul 13, 2025 11:23am

When I review all the available news of the past month and then read this news, in my opinion, a big gap has arisen among NATO member countries and Trump is afraid of this situation, that's why she thinks that with this method she can force those countries to listen to her - but in my opinion, according to the news I reviewed, Trump is bringing America closer to economic destruction - if she continues with this method, it will be less than a year from now.

Jul 13, 2025 4:41am

Quoting Trader#833D

Disliked

{quote} No they are not going to do that, and you definitely will not do anything about it, internet warrior. As you can see when USA hit China with tariffs, export from China plummets. They are in more trouble than USA and possibly Canada. So stop talking *hit.

Ignored

What are you talking about i installed temo this quarter and im gladly saving money buying cheaper and investing boosting consumption in an organic way

Jul 14, 2025 12:42pm

Producer/exporter nations are not necessarily worse off.

The country in which I live used to sell lots of beef to the USA. Not so much now.

Instead, China has picked up any slack, plus some (because China is not importing so much meat from the USA now - unintended consequences).

Meat prices for export is up quite a bit. Very sweet.

Jul 14, 2025 1:02pm

So far, I don't think much thought has been given to something called comparative advantage.

Tariffs really poison comparative advantage.

In economics, comp adv is when a country produces what it does best, and buys from other countries what they do best.

Loosely. The maths is a bit tricky, not for here.

Now, bring in government subsidies or taxes to affect the natural order, and what is called distortions occur.

Society as a whole then suffers what is known as a deadweight loss from production occurring not where or how it naturally gravitates to.

It isn't difficult to think of examples of geographic clusters of a type of production of something (and it can be a service).

Trader#5E98

Jul 12, 2025 10:21am

Quoting TraderTero

Disliked

{quote} Let's just stop buying Made in USA products. Calling for a world wide boycott.

Ignored

That’s a joke? Otherwise all Apple and Google products would have to turned off and permanently banned? Every American car, plane, medical device taken into the streets and burned? Why not just start a war over it? Let people die? How about civil discourse instead of ridiculous hyperbole?

1

Jul 12, 2025 2:18pm

Mexico

got hit

Jul 12, 2025 11:52pm

Quoting TableTop

Disliked

{quote} There's a setting to block all #trader comments button (somehwere). It has made these news sections bearable again.

Ignored

where is it....i need it please

Jul 12, 2025 9:45am

20% was expected we got 30%

Jul 12, 2025 9:45am

Quoting Mafia

Disliked

Expect EU gap on monday opening.

Ignored

gap up or gap down?

Jul 12, 2025 11:23am

Quoting Vancarbon

Disliked

Buckle down! Ready for the “ Europeans having a meltdown “ comments and a surplus of # trader attacks .

Ignored

There's a setting to block all #trader comments button (somehwere). It has made these news sections bearable again.

Jul 12, 2025 9:44am

Probably Euro and CHF will be devaluated by national banks starting on Monday morning.

Jul 12, 2025 9:53am

All the Tarrif news is priced in...Any new Tariffs will not have any drastic impact

Jul 12, 2025 1:44pm

Global recession coming? Trump will be the man in history of 2025

Jul 12, 2025 9:21am

bye bye dax 24000

Jul 14, 2025 7:28am

The USA should sue Mexico a Million $ for every America they have killed from all the drugs they have pushed over the border.

Jul 12, 2025 9:44am

Expect EU gap on monday opening.

Jul 12, 2025 9:47am

Quoting giveachance

Disliked

{quote} gap up or gap down?

Ignored

offcourse gap down bro

Jul 12, 2025 12:34pm

Honestly I’m surprised at the muted reaction, bitcoin down slightly, Eur down .5%, Dow down .6%. When I said I was looking for a pullback on the 4th I thought we would test 6050 in the spx. Market “strong like bull” lol. Oh well, I’ll enjoy the weekend with my family regardless

.

Jul 12, 2025 1:59pm

https://www.reuters.com/business/eu-...ts-2025-07-12/

No one is taking this announcement seriously right now.

“ Still, Trump has repeatedly announced sweeping tariffs in recent months, only to row back or suspend them before his own self-imposed deadlines. The expectation that he will again relent has led to increasingly muted responses on financial markets, which have recovered since plunging after his initial "Liberation Day" announcement of big global tariffs in April.

Three EU officials who spoke on condition on anonymity said they saw Trump's latest threats as a negotiating ploy.”

Trader#517B

Jul 12, 2025 5:44pm

Fu*k Trump

1

Jul 14, 2025 9:36am

Quoting Trader#1B4B

Disliked

{quote} According to you and your buddies, tariffs are just a tax on its citizens that only causes harm to the country that implemented tariffs. Explain to me how the EU retaliating with higher tariffs will benefit their citizens and countries in the EU. Everyone in this board who has been saying this has suddenly changed their opinion to "retaliate with more tariffs!". Now why would you do that?

Ignored

EU won't implement blanket tariffs. Instead tariffs on certain products which will hurt the producers in red states. US service providers might also be taxed.

Jul 14, 2025 11:06am

Quoting Trader#1B4B

Disliked

{quote} Ahhh, so that's how tariffs work. They only effect red states. Gotcha. I didn't know that. I see now. Thank you.

Ignored

"Soybean production is heavily concentrated in the Midwest, with over 80% of soybeans cultivated in this region" Most of those states voted for Trump so they can enjoy EU's high tariffs on soybeans if no trade deal is being done.

It might also be that EU buys the beans from Brazil in the future.

Jul 12, 2025 9:21am

Taco strikes

Jul 12, 2025 9:26am

Impact on gold ??

Jul 12, 2025 9:45am

This is not good, but lets see the market direction on gold

Jul 12, 2025 10:02am

so i guess my SL in eurusd will get respected then by monday... no shiet.

Trader#F363

Jul 12, 2025 10:04am

Quoting CycleGF

Disliked

All the Tarrif news is priced in...Any new Tariffs will not have any drastic impact

Ignored

Yes clearly it was already priced in, now we wait for inflation data and earnings this week.

Trader#8492

Jul 12, 2025 10:30am

Quoting OnlineAddict

Disliked

{quote} EU can't afford that...Germany is already broke, France and Italy are over, too and those economies used to run the whole continent.

Ignored

Long term yes, but can’t they fight back for a couple months to negotiate?

Jul 12, 2025 11:00am

Quoting Mafia

Disliked

{quote} offcourse gap down bro

Ignored

last April , when tariffs were out , EU risen up not down

Trader#833D

Jul 12, 2025 12:09pm

Quoting OnlineAddict

Disliked

{quote} EU market is open, no need to wait until monday. https://www.ig.com/en/indices/market...weekend-eurusd

Ignored

The Toronto Stock Exchange (TSX), New York Stock Exchange (NYSE), and Nasdaq (NASDAQ) all share the same regular trading hours – between 9:30 a.m. and 4 p.m. ET, Monday to Friday, except stock market holidays. The economy, however, is not bound by these hours and important market shifts can occur at any time.

Markets are closed on the weekend.

Trader#833D

Jul 12, 2025 12:09pm

Forex market hours are the periods during which participants in the Forex market worldwide can buy, sell, exchange, and speculate on various global currencies. The Forex market operates 24 hours a day on weekdays, but is closed on weekends.

Trader#833D

Jul 12, 2025 12:12pm

Quoting Trader#865D

Disliked

We don't care too much what trump say. He is a clown.

Ignored

Well you do that is why you are here and crying. So does all the countries doing business with USA the #1 economy and military, so yes they do care 100%, and what Trump does it matters in the markets. Equity markets in USA are doing very well, if you missed a buy ride, you are a gambler, and you trade based on your stupid emotions, and you should consider another career beside trading or investing, because it is clearly not for you. That is a big IF you are trading real money, which I doubt. about 95% of people on forex factory are not traders, they are just here with their demo accounts talking stupid things. You will not learn anything on FF.

Trader#833D

Jul 12, 2025 12:13pm

Quoting Vancarbon

Disliked

“ Don’t retaliate “he says Maybe they should , call his bluff . This should be the default of all targeted countries, however it needs to be a coordinated response across all nations otherwise the US has the leverage to outmanoeuvre each country on an individual basis .

Ignored

Trump.

Trader#A681

Jul 12, 2025 12:16pm

Why haven’t any countries fought back yet? Looks most here want them to. So why haven’t they? Is it maybe because the world’s economic and financial system is global now? Can one major economy or financial markets fall apart without affecting everyone else? Be careful what you wish for, it will affect you significantly. Anyone wishing ill on any big economy is inflicting self harm. Anyone wishing ill on the people of any country is a rabid animal and should be put down.

Trader#833D

Jul 12, 2025 1:06pm

Quoting Vancarbon

Disliked

The old saying “ Momentum begets momentum “ This is IG pricing of course , albeit a market maker themselves it’s arbitrary pricing . The dip could quite easily be bought back , however if you extrapolate today’s arbitrary pricing into some of the macro charts you will find a different picture . It all depends how the cash market opens , I’d discount the Sunday opening and Europe open , there’s a fair amount of aggressive tactics being bandied around to keep traders on their toes .

Ignored

Macro data is showing that US economy is strong, and UK came in as most negative. So we are switching from buying GPBUSD and taking profit to selling GBPUSD and going down to 1.25. US stock market is bullish.

Trader#9096

Jul 12, 2025 1:40pm

Quoting Trader#833D

Disliked

{quote} The Toronto Stock Exchange (TSX), New York Stock Exchange (NYSE), and Nasdaq (NASDAQ) all share the same regular trading hours between 9:30 a.m. and 4 p.m. ET, Monday to Friday, except stock market holidays. The economy, however, is not bound by these hours and important market shifts can occur at any time. Markets are closed on the weekend.

Ignored

What happens is that the IG broker is more for seeing an approximation of the weekend movements, so you can see how much impact happens before the opening every Sunday from 6pm

Jul 12, 2025 2:35pm

The United States is courting its own demise! This madman only cares about the present, and the future will be turbulent! The status of the dollar will decline...

Trader#4CB8

Jul 12, 2025 3:01pm

Quoting Vancarbon

Disliked

{quote} In fairness , I think most of the G7 countries are technically bankrupt due to many factors . Monetary indiscipline and this new fangled system called money printing . Comparing the US to the EU , is the lesser of two evils . Germany who had the greatest political leader of her generation ( Merkel ) blew her reputation on the open border policy ( welcome 1m immigrants we will accommodate you ) , in retrospect that was her demise . Look at the Bundesbank now and their strict code of fiscal discipline , collapsed due to the Defence spending...

Ignored

Keep in mind Merkel let in immigrants because she had an aging population with an expensive social contract and needed younger workers to sustain it.

Trader#B910

Jul 12, 2025 3:56pm

The people he is screwing over is insane..

Exporters from other countries
Importers from the USA
USA consumers

Yet Im still amazed the people who voted for him cheer him on.. He plays to their xenophobia and they eat it up like a maccas chocolate sundae ( Better make that a Super sized Sundae as its the US )

Trader#833D

Jul 12, 2025 4:58pm

Quoting Windstrown

Disliked

{quote} They would also not have any world impact anymore and all their efforts to maintain world supremacy would go down. But than again that's already happening so yeah maybe sticking to their corner and cut on military but mind their own business would be the best for everyone

Ignored

No they are not going to do that, and you definitely will not do anything about it, internet warrior. As you can see when USA hit China with tariffs, export from China plummets. They are in more trouble than USA and possibly Canada. So stop talking *hit.

Trader#833D

Jul 12, 2025 6:22pm

Quoting Polimini

Disliked

{quote} if my grandma had wheels she would be a truck.... I'm sure the US is going to cut military spending next Monday mate. Btw the interest on the debt is already higher then all the military spending, so no, it would not have more money than any other country, they couldn't even pay the interest on the debt. MAGA crowd is so dumb ffs

Ignored

Stop talking *hit, you hollow head. America will never cut military spending, they will add more always. They are building golden dome, so that will require more money. Get off this FF as you will learn nothing here, stop talking *hit because you have no idea about economy or politics and go play in the park kid.

Jul 13, 2025 12:36am

Consider Mr. Trump's threat as wise. If you want to fight back, you must unite the countries. You alone cannot fight back Trump. If the world surrounds you, you will not be able to do anything.

Jul 13, 2025 9:18am

Will price “fill the gap” and return to the pre-tariff level? Or will it continue in the direction of the new price (gap continuation)?

Trader#1B4B

Jul 14, 2025 8:24am

Quoting Vancarbon

Disliked

“ Don’t retaliate “he says Maybe they should , call his bluff .

Ignored

According to you and your buddies, tariffs are just a tax on its citizens that only causes harm to the country that implemented tariffs. Explain to me how the EU retaliating with higher tariffs will benefit their citizens and countries in the EU. Everyone in this board who has been saying this has suddenly changed their opinion to "retaliate with more tariffs!". Now why would you do that?

Trader#1B4B

Jul 14, 2025 9:34am

Quoting ffghost

Disliked

{quote} It likely does not benefit the EU, but perhaps not in the way that you are describing. Countries implement tariffs for multiple reasons. If you are a producing country, it protects your manufacturing capabilities by making foreign goods more expensive than your domestic products. This encourages your citizens to purchase from your manufacturers

Ignored

I know what tariffs are for and why they are used and why the US is slapping high tariffs on other countries. I would like to hear from the people who have been saying it's just a tax on their citizens and does nothing to benefit the country using them because now they're all saying "call his bluff, retaliate with higher tariffs!".

Trader#1B4B

Jul 14, 2025 9:40am

Quoting TraderTero

Disliked

{quote}Instead tariffs on certain products which will hurt the producers in red states.

Ignored

Ahhh, so that's how tariffs work. They only effect red states. Gotcha. I didn't know that. I see now. Thank you.

Trader#1B4B

Jul 14, 2025 10:17am

Quoting ffghost

Disliked

{quote}

Ignored

Of course a change of the status quo is going to have a short term impact, it's the long term people don't understand or refuse to see. Trump has 4 years to renegotiate new trade deals and he's coming out strong to get these countries to come to the table A.S.A.P. - and it's working! Industries are coming back to our country and more coming back overtime is a good thing despite what clowns on here say. You have the one clown above saying they're going to target "red states", lol.

Trader#1B4B

Jul 14, 2025 10:57am

Quoting Vancarbon

Disliked

{quote} Well, it’s actually not that difficult to grasp.... reduce foreign export demand, incentivising domestic supply.

Ignored

incentivizing
investing in ones country
bringing jobs back
to protect jobs and industries

That's really all you had to say.

Quote

Disliked

Which industries specifically?

I'm not listing all of them for you, two big ones:

Hyundai has invested $21B to expand their auto industry right here in the good ol' USofA (creating more jobs) and $6B in a steelmaking facility right here in the good ol' USofA that will produce more than 2.7 million metric tons of steel a year and create more than 1,400 jobs!

For the first time in 70 years a new rare earth metal mine, operated by Ramaco Resources, is opening in Wyoming, eliminating our need for rare earth metals from Chiiina.

There are many more. You should look to see what's really going on instead of continuing to make faulty predictions about our economy and Trump's use of tariffs.

Trader#0AF2

Jul 12, 2025 9:21am

News is late, came out a while ago, open pre markets have reacted by going down less than one half of one percent

Trader#2703

Jul 12, 2025 9:50am

so EUR will go down

Trader#0529

Jul 12, 2025 10:05am

How does this news affect gold ? Bullish for sure or could be bearish?

Trader#80F7

Jul 12, 2025 10:08am

EU applied back the same tariffs serve them right

Trader#1D0F

Jul 12, 2025 11:16am

https://www.ig.com/en/indices/market...weekend-eurusd

EUR/USD is at resistance. Closes on higher timeframes ( daily , weekly ) turn EUR/USD bearish.

Trader#865D

Jul 12, 2025 11:33am

We don't care too much what trump say. He is a clown.

Trader#CD7B

Jul 12, 2025 11:40am

Gold gap up

Trader#B945

Jul 12, 2025 11:50am

How will it impact on gold?

Trader#49B7

Jul 12, 2025 12:00pm

at least, i'm headging on botb sides. confusing now

Trader#B910

Jul 12, 2025 12:40pm

The dislike for the USA just rose another 30%. The damage done by Trump will have far greater reaching implications over time..

Trader#0B58

Jul 13, 2025 4:09am

https://www.ig.com/en/indices/market...s/weekend-gold

Trader#8032

Jul 13, 2025 6:50am

Short eur/usd

Trader#5406

Jul 13, 2025 9:16am

Quoting Karim4411

Disliked

{quote} last April , when tariffs were out , EU risen up not down

Ignored

Found the poor who doesnt have access to pre market data. Germany down 0.8% and its still Sunday.

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Story Stats

Jul 12, 2025 9:15am
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High Impact Breaking

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