re: DJT wants a 50% tariff on the EU

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Trump’s instability is a huge problem.

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I think the tariffs were initially a fine idea because everyone knows what they're for. But up and down and up and down on a weekly basis makes it hard to do negotiating and even harder to plan on the domestic business side.

Set the tariff and leave it there until negotiated away. Then everyone knows the deck they're playing with.

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This is in response to the EU shitting all over our deal with the UK and talking tough

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The target has always been the ECB & cities of London/Brussels.

SOFR vs LIBOR

ECB running out of Dollars

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Dollar Shortage as Power Lever

Behind Europe’s protective wall, the situation is shifting. After years of Brexit paralysis, Brussels and London are now searching for ways out of their trade deadlock. The U.S.’s 90-day tariff moratorium has jolted both parties into action—the practical result being a partial reversal of Brexit. Together, they are preparing for a protracted negotiation marathon with Washington, united in a front of protectionists. But Washington has already found a fitting lever to crack Fortress Europe: the Eurodollar market and the credit mechanisms outside the Federal Reserve’s jurisdiction.

With the end of the LIBOR contract—a former global benchmark for short-term interbank loans—on June 30, 2023, and the introduction of the U.S. alternative SOFR (Secured Overnight Financing Rate), the United States has fully seized control over dollar loan pricing. While LIBOR had been dominated by European banks and subject to interest-rate manipulation, SOFR is based on actual secured repo transactions in the U.S. market—largely immune to manipulation. Under this new structure, dollar credit becomes more expensive—bad news for Europeans long accustomed to cheap dollar financing.

The United States is deliberately freeing itself from the influence of European institutions that had previously defended their solvency through low interest rates and distorted global monetary conditions. With the loss of LIBOR, Europe has forfeited a key control instrument over its dollar financing and now faces the challenge of adapting to a strictly market-based regime.

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This has been a protracted banker war for the future with Europe's ECB interests vs the US Citizen's interests. With the US fighting with one hand tied behind its back. You can see this clear as day with NATO/CIA and their actions.

Just which side in the Fed on? - NY/Wall Street's side.

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This seems stable

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They'll cave soon enough. Watch. Europe can't even handle their own problems.

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The complaint that he's all over the place was valid, and still is.

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With the constant backtracking (90 day pauses, etc.), it's hard to take anything he says seriously...including his post about recommending to himself a 50% tariff.

Maybe this loose cannon approach helps negotiations, but the one thing I know is there won't be a 50% tariff on EU goods on June 1....that lasts more than 72 hours.

Trump also says Apple has to pay 25% Tariff on IPhones not made in the USA.

Stock Futures down big.

This man gets it! Go back and re-read this post.

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Trump has already caved on this....twice. Once in 2018 and again just a couple of months ago.

Who can believe what he says anymore.

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NIH had a perfect summary with the initial reply

The plan seems to be whatever DJT decides when he wakes up that day. But, the usual suspects will tell us we don't understand, you can't show your cards in negotiation, it's all 8D chess, blah, blah.

Are you illiterate?

Do you have someone else write your posts?