[wdpk]

It's scary that there seems to be no off ramp. The massive incompetence of the administration is absolutely appalling. Let suppose they decide to keep the tariffs until the actual lagged economic metrics are showing the stress on jobs and companies earnings. That means an absolutely insane amount of goods will go up in price between 10% and 50% in just a couple of weeks (depending how much the company margins are going to be absorbing the hike). The direct impact is probably a proportional amount of suppressed consumption so direct impact on the top line and bottom line of all those firms. This does not even account for all the effects of retaliation which are not yet decided. The markets were trading with lofty multipliers that were including quite a bit of revenue growth assumptions. All that is gone now! Without a quick change of course, the valuations will still have to go down a lot...

[philistine]

> It's scary that there seems to be no off ramp.

Couple that with the amount of countries that were hit at the same time that all want to talk to the Mafia boss NOW to get it sorted out and get their tariffs lifted. There are literally too many nations trying to reach the President at the same time.

[belter]

Hedge Funds are panicking with the margin calls coming next week:

"Bill Ackman warns Trump to call a timeout on trade war: ‘This is not what we voted for’" - https://thehill.com/homenews/administration/5235232-ackman-w...

[lapcat]

'I never thought leopards would eat MY face,' sobs man who voted for the Leopards Eating People's Faces Party.

[belter]

If you ever though any of these guys makes their money because they are smarter, just watch this:

https://youtu.be/bPdsN_YmP60?t=74

https://youtu.be/JOBs27jckCo

[Gud]

I disagree with this sentiment. This is not at all how Donald Trump acted in his first term. Mostly, he spent his time golfing and doing some marginal nonsense.

[trymas]

How’s this relevant? Everything he has done now: either he said it he will do it or at least it was in Project 2025 (and lets not pretend that nobody knew about it).

[ryandrake]

Yep, if I could pick one positive thing to say about this administration, it's that they were totally transparent about their plans and intentions. They are doing exactly what they said (and wrote) that they would do in 2025. Hell, they even titled it "Project 2025."

Anyone saying, "Wait a minute, I didn't vote for this!" is either lying or stupid. They quite literally, in the actual, literal definition of "literally," spelled out every single thing they are currently doing, prior to the election. Zero people should be surprised by anything they are doing.

[disqard]

The sad fact is, we live in a post-truth world now.

People believe what they want to believe, right up until the leopard eats their faces.

[bamboozled]

It’s how he acted…he just had helpers before. He done away with all those nuisances now.

[wdpk]

Well yes, this is an idiosyncratic event, chances are that a bunch of hedge funds have no hedge against stupid!

I'm actually more worried about the small businesses that say have a container full of whatever product somewhere in the middle of the Pacific that will have to pay the tariffs upfront out of pocket with a disappearing consumer on the other end of the pipe.

[beached_whale]

Im not sure 90 days is enough to negotiate trade deals in any significant manner with the world. Countries have no confidence that the deals will be honoured and will be less willing to make any concessions. "Fool me once..."

[Ekaros]

Shouldn't hedge funds be hedges against exactly this type of events? Now they really should show how good they are, by losing lot less than market does in general...

Or are they just an other herd following others...

[ookblah]

i remember this guy crying on TV during the covid drop about how the world was ending only to be buying up everything behind the scenes lol.

[bamboozled]

It’s 100% what people voted for…

[amazingamazing]

ha - hope he gets wrecked. Trump has been painfully transparent about his love for tariffs.

[dumbledoren]

> The massive incompetence of the administration is absolutely appalling

Huh? The Biden administration kept all of Trump's tariffs and most of his policies. You people don't seem to know that the US establishment is one single party with slightly different factions...