I mean, there’s more than enough data, videos and news circulating on the internet showing his compagnons buying and selling stocks shortly before any announcement regarding tariffs.
While I don’t think that he alone is smart enough to actually know how to manipulate the market, but he is surrounded by so many greedy fucks that it’s hard for me to believe that he backed down because of pressure.
mbutchin on
As an American (thankfully overseas, for now), I hope Europe does not relent. Of course, I am not so cold as to wish to see America fail, but Trump and his enablers MUST learn that while they remain in power, they will remain isolated and bring nothing but harm down upon their own heads.
Hopeful_Hat_3532 on
Yeah, could’ve been a useful lesson when dealing with Putler…
Sweet_Cake4826 on
Typical bully response, actually folds fast af when you strike back
AdelaiNiskaBoo on
I think the biggest problem for the us is that many countries(jp, some eu countrie, etc.) started to sell their us bonds. And the dollar is still in a downwards trend even after the tariffs stopp. And china has not even began to sell their bonds.
Probably even if they make profits at the stock market it will be bad for them if the dollar becomes worthless.
PainInTheRhine on
“backed down under pressure” means he put tariffs on steel, then put tariffs on cars, then put extra 10% tariff on everything (but just for 90 days, later it might go even higher) and EU officials are celebrating a ‘win’ ?
10102938 on
Trump didn’t back out due to anything the EU did and claiming that means the writer doesn’t understand that Trump just manipulates the markets for him and his oligarchs to make money.
And it will happen again.
nimdull on
The thing is. We are in 90 day pause. What will change withen those 90 days. I can image that the tariffs might be even bigger if the buisness prepares.
I also think that the buisness that ignored Trump is now in full communication.
Nimitz- on
It’d be so shameful if EU leaders also backed away and did as if nothing happened, it’s time to stand up for ourselves and there’s no better time to show that we can’t be pushed around.
DramaticSimple4315 on
Of course he relented, his treseary officials who were jerking it two days earlier about some 4D chess move to refinance US debt at a minimal price realized with horror that the US bond market was in an early stage of implosion.
he saw his opportunity for insider trading and profited.
Lady and gentlemen, please give a round of applause for… the far right!
maplictisesc01 on
just like putin
DisasterNo1740 on
Hasn’t it been this is what Trump does? Say insane shit and threaten to do it for real and then sit back and few days and gauge the reaction.
SisterOfBattIe on
Trump is a bully. Talks big when he believe he is strong, and fold like paper when facing any amount of pushback.
DAswoopingisbad on
No, the biggest lesson for Europe is that concessions get you nothing. Trump will take the concession and then restart the exact same argument a few weeks or months later. Mexico and Canada have learned that lesson the hard way.
Trump is not a deal maker or a negotiator. He’s an extortionist.
LowerBed5334 on
Here’s a lesson: he manipulated the market and he’s going to do it again. And no one in the US will stand up to him.
OVazisten on
If you followed closely, his Achilles heel is the interest rate on US Treasury bonds. When their yield increases, it becomes more expensive to finance US debt.
A treasury sellof is his greatest fear. The US budget shows a huge deficit of around 1.5-2 trillion USD per year. They need to acquire that amount if money from selling treasuries. If they can not do that for any reason, basically the state will be bankrupt. Then their only way out would be printing money and hyperinflation.
adevland on
He didn’t “back down”.
He helped his oligarch buddies make billions in the world’s biggest pump & dump scheme. More will follow.
michalsosn on
I’m worried about Greenland though. Trump failed at everything except maybe deportations. He may become reckless looking for any success to sell and Greenland is an easier target than Russia (peace talks) or China (tariffs)
Captain-Obvious-69 on
Trump is just a puppet.
balltongueee on
He might have backed down… but it seems to me that the damage is done. I expected nothing less from the Mar-A-Lago criminal.
I405CA on
Trump was recently praising the EU as “very smart.”
That’s what Trump does when his cage has been rattled. He dishes out insults until he feels threatened. But he respects force, so he will show deference once he becomes concerned.
Trump is a moron and he watches a lot of Fox News. Here’s the cycle of what happened.
– Trump threatens the world.
– The world pushes back.
– Business leaders in the US get nervous from the push back. They go onto Fox News to express their concerns because they know that Trump will watch it.
– The US treasury secretary Bessent, who comes from Wall Street, was supposedly on the verge of resigning due to the markets crashing. That is what ultimately got Trump to reverse course, as Bessent’s exit would have almost certainly placed the markets into free fall.
Of course, the market reaction was due in part to how other nations were responding. So yes, the EU and Canada deserve some credit for causing Trump to back down.
When Trump starts bragging, it is almost always due to his effort to cover up a mistake. He doesn’t want to admit to a mistake, so he pretends that everything was deliberate.
The more that he boasts, the less that you should believe him. He has been boasting a lot in response to this, so you can tell that a lot of this was whimsy and not well planned.
Trump is a maximalist, as is typical of authoritarian personalities. You can’t negotiate with a maximalist, so don’t even try. Always push back.
biffbagwell on
[ Removed by Reddit ]
0x75727375706572 on
It seems like Europe is the one that backed down. There has still been no response to the auto, metal, and the general 10% tariffs.
OldFashionedSazerac on
The big lesson for Europe? Don’t try to find logic when it comes to trump and his goons.
JoostvanderLeij on
Author is clueless. The real action was and still is in the bond market. At the behest of Canada, Japan and the EU are selling their bonds to pressure Trump to change course. That pressure is working and while the EU didn’t initiate it, it is part of the pressuring mechanism.
26 commenti
I mean, there’s more than enough data, videos and news circulating on the internet showing his compagnons buying and selling stocks shortly before any announcement regarding tariffs.
While I don’t think that he alone is smart enough to actually know how to manipulate the market, but he is surrounded by so many greedy fucks that it’s hard for me to believe that he backed down because of pressure.
As an American (thankfully overseas, for now), I hope Europe does not relent. Of course, I am not so cold as to wish to see America fail, but Trump and his enablers MUST learn that while they remain in power, they will remain isolated and bring nothing but harm down upon their own heads.
Yeah, could’ve been a useful lesson when dealing with Putler…
Typical bully response, actually folds fast af when you strike back
I think the biggest problem for the us is that many countries(jp, some eu countrie, etc.) started to sell their us bonds. And the dollar is still in a downwards trend even after the tariffs stopp. And china has not even began to sell their bonds.
Probably even if they make profits at the stock market it will be bad for them if the dollar becomes worthless.
“backed down under pressure” means he put tariffs on steel, then put tariffs on cars, then put extra 10% tariff on everything (but just for 90 days, later it might go even higher) and EU officials are celebrating a ‘win’ ?
Trump didn’t back out due to anything the EU did and claiming that means the writer doesn’t understand that Trump just manipulates the markets for him and his oligarchs to make money.
And it will happen again.
The thing is. We are in 90 day pause. What will change withen those 90 days. I can image that the tariffs might be even bigger if the buisness prepares.
I also think that the buisness that ignored Trump is now in full communication.
It’d be so shameful if EU leaders also backed away and did as if nothing happened, it’s time to stand up for ourselves and there’s no better time to show that we can’t be pushed around.
Of course he relented, his treseary officials who were jerking it two days earlier about some 4D chess move to refinance US debt at a minimal price realized with horror that the US bond market was in an early stage of implosion.
he saw his opportunity for insider trading and profited.
Lady and gentlemen, please give a round of applause for… the far right!
just like putin
Hasn’t it been this is what Trump does? Say insane shit and threaten to do it for real and then sit back and few days and gauge the reaction.
Trump is a bully. Talks big when he believe he is strong, and fold like paper when facing any amount of pushback.
No, the biggest lesson for Europe is that concessions get you nothing. Trump will take the concession and then restart the exact same argument a few weeks or months later. Mexico and Canada have learned that lesson the hard way.
Trump is not a deal maker or a negotiator. He’s an extortionist.
Here’s a lesson: he manipulated the market and he’s going to do it again. And no one in the US will stand up to him.
If you followed closely, his Achilles heel is the interest rate on US Treasury bonds. When their yield increases, it becomes more expensive to finance US debt.
A treasury sellof is his greatest fear. The US budget shows a huge deficit of around 1.5-2 trillion USD per year. They need to acquire that amount if money from selling treasuries. If they can not do that for any reason, basically the state will be bankrupt. Then their only way out would be printing money and hyperinflation.
He didn’t “back down”.
He helped his oligarch buddies make billions in the world’s biggest pump & dump scheme. More will follow.
I’m worried about Greenland though. Trump failed at everything except maybe deportations. He may become reckless looking for any success to sell and Greenland is an easier target than Russia (peace talks) or China (tariffs)
Trump is just a puppet.
He might have backed down… but it seems to me that the damage is done. I expected nothing less from the Mar-A-Lago criminal.
Trump was recently praising the EU as “very smart.”
That’s what Trump does when his cage has been rattled. He dishes out insults until he feels threatened. But he respects force, so he will show deference once he becomes concerned.
Trump is a moron and he watches a lot of Fox News. Here’s the cycle of what happened.
– Trump threatens the world.
– The world pushes back.
– Business leaders in the US get nervous from the push back. They go onto Fox News to express their concerns because they know that Trump will watch it.
– The US treasury secretary Bessent, who comes from Wall Street, was supposedly on the verge of resigning due to the markets crashing. That is what ultimately got Trump to reverse course, as Bessent’s exit would have almost certainly placed the markets into free fall.
Of course, the market reaction was due in part to how other nations were responding. So yes, the EU and Canada deserve some credit for causing Trump to back down.
When Trump starts bragging, it is almost always due to his effort to cover up a mistake. He doesn’t want to admit to a mistake, so he pretends that everything was deliberate.
The more that he boasts, the less that you should believe him. He has been boasting a lot in response to this, so you can tell that a lot of this was whimsy and not well planned.
Trump is a maximalist, as is typical of authoritarian personalities. You can’t negotiate with a maximalist, so don’t even try. Always push back.
[ Removed by Reddit ]
It seems like Europe is the one that backed down. There has still been no response to the auto, metal, and the general 10% tariffs.
The big lesson for Europe? Don’t try to find logic when it comes to trump and his goons.
Author is clueless. The real action was and still is in the bond market. At the behest of Canada, Japan and the EU are selling their bonds to pressure Trump to change course. That pressure is working and while the EU didn’t initiate it, it is part of the pressuring mechanism.
Much wow, such shock, like no bully ever before