View Full Version : President Trump Steel Tarriff to 50% (Back to 25%) on Canada
arista
11-03-2025, 04:14 PM
https://www.theguardian.com/business/live/2025/mar/11/growth-fears-grip-markets-us-recession-hurt-dollar-confidence-vacancies-ftse-pound-yen-business-live-news
Stocks are Tumbling down.
user104658
11-03-2025, 04:27 PM
Another day, another round of Trump deliberately shorting the entire Global stock market for billionaire gains. He's single-handedly managed to highlight every single flaw in both democratic government, and integrated global neoliberal economics.
Buy the dip.
He'll make a strategic announcement to rebound the market within a week.
Cherie
11-03-2025, 04:41 PM
Meanwhile Canada have increased the price they sell electricity to the USA ...this is going well
user104658
11-03-2025, 04:55 PM
Meanwhile Canada have increased the price they sell electricity to the USA ...this is going well
It makes no sense, even if they were genuinely pursuing US isolationism... you build the self-sufficient infrastructure first and then make moves to end or reduce international trade. Not the other way round, lol... they'll need Canadian resources to build the stuff they'd need to build to generate their own resources. It's all utter nonsense, thus why I'm convinced it's a scheme to harvest as much $$$$$ as possible over the next 4 years and then hand the ruined economy back to someone else.
Niamh.
11-03-2025, 06:21 PM
What a **** show
Glenn.
11-03-2025, 06:59 PM
The trumpettes are real quiet huh
joeysteele
11-03-2025, 07:22 PM
He's ridiculous.
arista
12-03-2025, 07:26 AM
Overnight
President Trump changed 50%
back down to 25%
Cherie
12-03-2025, 07:38 AM
Overnight
President Trump changed 50%
back down to 25%
okay....
user104658
12-03-2025, 07:59 AM
Buy the dip.
He'll make a strategic announcement to rebound the market within a week.
Overnight
President Trump changed 50%
back down to 25%
:idc: his chaos is becoming a very predictable chaos.
:idc: his chaos is becoming a very predictable chaos.
…it’s all about the money, honey…there ain’t no quick dollar like a chaos dollar…
user104658
12-03-2025, 06:32 PM
…it’s all about the money, honey…there ain’t no quick dollar like a chaos dollar…
https://i.imgur.com/vz5lelo.jpeg
:worry: :joker:
The tesla shareholders are going to be really pissed because musk brought this on himself
Cherie
12-03-2025, 08:07 PM
No wonder Trump was squeezing himself into a far too small Tesla yesterday :laugh:
James
12-03-2025, 08:38 PM
A lot of Tesla's share value is from the electric vehicle mandates. If they wanted to punish Elon they would get rid of those.
user104658
13-03-2025, 11:26 AM
A lot of Tesla's share value is from the electric vehicle mandates. If they wanted to punish Elon they would get rid of those.
If European leaders have genuinely had enough they could financially end Musk with a few policy tweaks. Europe is far too big a market for him to be messing around like he has been, I've noted he's an awful lot quieter recently.
Also the fairly obvious issue that Trump/MAGA/that-side-of-the-fence are climate change denialists and NASCAR fans who want big, loud, American muscle and trucks... not electric cars. He's alienating his core market.
Half of them also don't believe in outer space and think Mars is a myth. :shrug:
user104658
13-03-2025, 11:28 AM
Oh also -- and this is a little factoid that I really enjoy -- Musk did not buy Twitter outright in cash. He bought it on credit, leveraged against Tesla stock. If Tesla stock value drops too low, the lenders could consider the debt unleveraged which would allow them to repossess and sell X. Hahaha.
…so with the Tesla shares/stocks plummeting so quickly, has Musk made himself not the richest person in the world …?…
user104658
13-03-2025, 11:54 AM
…so with the Tesla shares/stocks plummeting so quickly, has Musk made himself not the richest person in the world …?…
Not yet, he was too far ahead - he has lost over $100 billion though. The insane part being of course, that he can have lost $100 billion and still be richest.
If this trajectory for him continues though he'll be over-taken by Zuckerberg, and not long after that, Bezos (previous richest individual not that long ago).
user104658
13-03-2025, 11:57 AM
Really the important thing to note is that when we're talking about this money - it's almost ALL in terms of net worth/stocks/financial holdings not physical assets or currency. It's "theoretical money" not money with liquidity that they actually have in the bank - which is why he can be "technically so rich" but still in trouble when it comes to things like X which is leveraged on stock. Market fluctuations can make billions appear or disappear over-night. A sustained drop can mean that lenders swoop in and take everything.
Niamh.
13-03-2025, 11:58 AM
If European leaders have genuinely had enough they could financially end Musk with a few policy tweaks. Europe is far too big a market for him to be messing around like he has been, I've noted he's an awful lot quieter recently.
Also the fairly obvious issue that Trump/MAGA/that-side-of-the-fence are climate change denialists and NASCAR fans who want big, loud, American muscle and trucks... not electric cars. He's alienating his core market.
Half of them also don't believe in outer space and think Mars is a myth. :shrug:
Very true
Not yet, he was too far ahead - he has lost over $100 billion though. The insane part being of course, that he can have lost $100 billion and still be richest.
If this trajectory for him continues though he'll be over-taken by Zuckerberg, and not long after that, Bezos (previous richest individual not that long ago).
…I’m not sure who the other big Tesla share holders are but I imagine he’s not so popular with some people of big money and power atm ….
…I just think of all of the ways that America could have been made great again with a donation injection of $100 billion….instead it’s just blown away in the wind….
Niamh.
13-03-2025, 11:59 AM
Not yet, he was too far ahead - he has lost over $100 billion though. The insane part being of course, that he can have lost $100 billion and still be richest.
If this trajectory for him continues though he'll be over-taken by Zuckerberg, and not long after that, Bezos (previous richest individual not that long ago).
Imagine losing 100billion and still being the richest person in the world, it's sickening
Imagine losing 100billion and still being the richest person in the world, it's sickening
it's actually impossible to quantify how rich musk will become over the next few years, but it's astronomical.
He and his team have open access to all US citizens data, including all his competitors. He has AI models churning through the data. That gives him access and advantage that no-one else has previously had. Tesla and X are basically throw away toys now
Niamh.
13-03-2025, 12:10 PM
it's actually impossible to quantify how rich musk will become over the next few years, but it's astronomical.
He and his team have open access to all US citizens data, including all his competitors. He has AI models churning through the data. That gives him access and advantage that no-one else has previously had. Tesla and X are basically throw away toys now
**** yeah, jesus, that's bad, it's seems like such a breach of power and trust, America is a mess
user104658
13-03-2025, 02:13 PM
it's actually impossible to quantify how rich musk will become over the next few years, but it's astronomical.
He and his team have open access to all US citizens data, including all his competitors. He has AI models churning through the data. That gives him access and advantage that no-one else has previously had. Tesla and X are basically throw away toys now
Tesla yes, X is still key to a big part of his strategy and the problem with it is that it's leveraged on Tesla stock. He's not out of the woods yet - like I said there's a reason he's gone quiet.
James
13-03-2025, 08:01 PM
Tesla is valued so high cause of
EV mandates around the world,
hype,
and hopes for self-driving.
I've read it is valued at something like 20-times other car companies when you compare to earnings.
user104658
14-03-2025, 02:09 PM
Tesla is valued so high cause of
EV mandates around the world,
hype,
and hopes for self-driving.
I've read it is valued at something like 20-times other car companies when you compare to earnings.
Which is daft because Teslas are utter shyte and when the other big-name manufacturers start to truly shift their focus to EV, no one is going to want a cheap plastic Tesla in their driveway :joker:
The main reason the shift hasn't happened of course is because the infrastructure isn't there to have everyone driving an EV. Which makes the mandates nonsensical.
James
14-03-2025, 06:36 PM
Which is daft because Teslas are utter shyte and when the other big-name manufacturers start to truly shift their focus to EV, no one is going to want a cheap plastic Tesla in their driveway :joker:
The main reason the shift hasn't happened of course is because the infrastructure isn't there to have everyone driving an EV. Which makes the mandates nonsensical.
I just think EVs cost too much.
The mandates give Tesla a competitive advantage being one of the few electric-only manufacturers.
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