Trade Wars and Tariffs

[volbound1700]

Looks like China dropped their tariffs to 10% and USA back to 34%? Hard to tell at this point. Maybe the 30% is in addition to the original 34%?

US, China announce reduced tariffs for 90 days after trade talks

The United States and China announced that tariffs against one another will be reduced for an initial 90-day period following trade talks in Switzerland.

www.foxbusiness.com

 

[mrorange211]

there are still tariffs in place that weren't there before. that is definitely still worse than we were.

this was three steps back, and one step forward. its a net loss.

as of right now, I agree. Again, let's see where it goes. At least talking is happening which is better than we can say last week.

 

[evillawyer]

You're a partisan hack. Stop trying to spin this against Trump. Talks and continued talks on trade with China is a 100% win for every American.

 

[evillawyer]

Art of the Cave, b!tches!

 

[evillawyer]

You're a partisan hack. Stop trying to spin this against Trump. Talks and continued talks on trade with China is a 100% win for every American.

This is what I call a Goober . Anything Dear Leader does is a master stroke. They refuse to actually look at what has transpired.

 

[tvolsfan]

Art of the Cave, b!tches!

When his bluster doesn’t work, he has nothing.

 

[utvolpj]

This is what I call a Goober . Anything Dear Leader does is a master stroke. They refuse to actually look at what has transpired.

Exactly like you did with the last admin. Goober

 

[Velo Vol]

Passive sentence of the day.

 

[Vol737]

So, are they working on a new trade deal altogether or are we just back closer to where we were under the original arrangement when this started wrt only tariffs?

 

[mrorange211]

So, are they working on a new trade deal altogether or are we just back closer to where we were under the original arrangement when this started wrt only tariffs?

I don't think anyone knows right now. I'm holding out hope for something of substance. I get why many are skeptical, but I'm trying to be optimistic.

 

[BigOrangeMojo]

I don't think anyone knows right now. I'm holding out hope for something of substance. I get why many are skeptical, but I'm trying to be optimistic.

Hush it MAGA Goober....

 

[CobbVol]

I don't think anyone knows right now. I'm holding out hope for something of substance. I get why many are skeptical, but I'm trying to be optimistic.

Same here. Many think this is like flipping on a light switch in solving a multi-decade issue.

 

[bamawriter]

No, we aren't. This is progress and should lead to something bigger and more comprehensive. Now whether it completely falls apart or the "deal" resembles something that already existed is anyone's guess and not necessarily unlikely based on past events.

We had lower tariffs before LD.

 

[mrorange211]

We should also be aware that the 10Y is higher right now than before "Liberation Day".

 

[volfanhill]

We had lower tariffs before LD.

Shhh. We have to celebrate the great deal that was just negotiated for us.

 

[mrorange211]

one thing this board teaches you is that there really is just partisan tennis going on. zero nuance.

 

[n_huffhines]

So the deal is:

- Instead of the new 145% tariff taxes on Americans, we're at 30%.
- And all China does is lift the new 125% tariffs and leave a 10% tariff.
- We gained nothing.
- And if you're thinking, "Hey, at least we have certainty, now." We don't, because it's a 90-day agreement.

I can't believe how insane things are right now.

 

[Velo Vol]

 

[Orange_Crush]

one thing this board teaches you is that there really is just partisan tennis going on. zero nuance.

A lot of people with absolutely no detailed information about any given topic, but they have partisan, uninformed twitter sources, so they can make definitive judgments at any given time.

 

[Orange_Crush]

So the deal is:

- Instead of the new 145% tariff taxes on Americans, we're at 30%.
- And all China does is lift the new 125% tariffs and leave a 10% tariff.
- We gained nothing.
- And if you're thinking, "Hey, at least we have certainty, now." We don't, because it's a 90-day agreement.

I can't believe how insane things are right now.

It's a temporary agreement, so we can have no certainty.

Except you. You seem pretty certain.

 

[SpaceCoastVol]

Good for you. I’m 2 years into retirement and am fortunate to have a next egg large enough to have access to competent professional management.

Who is your manager? I am looking for a competent one.


Sort of.

 

[CobbVol]

It's a temporary agreement, so we can have no certainty.

Except you. You seem pretty certain.

Agreed. It is a 90-day deal as talks continue but the finger painting will continue.

 

[SpaceCoastVol]

Volatility is AWESOME!

 

[NorthDallas40]

Who is your manager? I am looking for a competent one.


Sort of.

My wealth manager was in United Capital when I first engaged them. UC got bought by Goldman Sachs which actually wasn’t a good thing. When GS sold their down market business to focus on their ultra rich clients again there was an extreme brain drain. My manager was part of a team that formed one of several smaller private wealth management groups instead of going with the sale. They are I’d guess largely DFW centric. But the unique part is they are now under the Kestra Financial Services umbrella of partners. They use Kestra for all back of house research, compliance, and brokerage services. The tie here is the CFO for Kestra, Kara Murphy, was CFO at UC before all of this M&A activity occurred. My wealth manager has been the same thru all this. She is a partner at Symphony Wealth Group

ETA I found a guy with Edward Jones I almost pivoted to but their fees are $$$$ compared to industry norms. My portfolio is pretty basic so that just didn’t make sense.

 

[volinbham]

I'll wait for the result of the 90 days of talks before I give my hot take.