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PaperclipPerfector  9d ago (text post)   31731 thread views

Culture War Roundup for the week of April 7, 2025

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I think it's too soon to tell. The market came roaring back and Trump hasn't even done anything, nor any progress from China -US relations. As soon as the stock market goes back up, he will go quiet. he hadn't complained about tariffs until recently, for this reason. It's not so much the tariffs they they dislike, but the market's reaction to it. To wit, excluding April, his last tweet that mentioned tariffs was on November 25th, 2024: https://x.com/BillAckman/status/1861198845574815947

Regarding the economic implications, Ackman and others are justified in complaining. These tariffs are unprecedented in size and scope. It's like "we want trade reform, not a return to the early 20th century"

came roaring back

Are you serious?

check again .

What? The market did well at certain points over the past couple of days almost only because it saw a path to ending the tariffs.

where you getting this from? i have not seen headlines indicating such

Surely, it is clear now that the market cares only about the negative impact of the tariffs.

Yesterday, the morning climb was from the fake news about a 90 day pause. Today, the temporary ascent was from reports of negotiations with various countries before the news of the additional 50% on China sent things back down. There have been numerous headlines on WSJ and Bloomberg. The market absolutely hates the tariffs and loves signs that they might stop.

There has been speculation that yesterday's huge fluctuations in the stock market were due to (1) a fake tweet claiming that Trump was considering pausing the tariffs for 90 days, followed by (2) Trump's denial that any such pause was in the works. But the truth of that narrative is disputed.

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