April inflation comes in lower than expected — now at 2.3%, the LOWEST since COVID.

You are correct. 30%. Its 10% vs the 125% layer on. 20% ontop of the 10% and 125% is 30% and 145%.

 

What deal?

All that’s happened in the last month is on again off again tariffs. A round trip without purpose.

I think when we saw bonds spiking and dollar tanking Bessent came out with some softer words which stemmed the tide of what was actually starting to get ugly. If from that point they’d gone ahead and doubled down on 145% tariffs the market obviously would have given those gains back.

 

I understand your purpose is propaganda, but this is unusually laughable, even by your standards. A round trip has not occurred. The reduction in tariffs is only a temporary measure. Given China's past record, I'm going out on a limb here and guessing that 90-day window is an opportunity to see if China performs. That seems perfectly astute to me, again, given China's past record.

Treasury bond yields haven't spiked any higher than they did during Biden's final year in office. You could begin by not completely mischaracterizing everything, but I realize that's impossible for you. And the dollar tanking, lol. You realize the current value of the dollar is ABOVE the mean of where it traded during Biden's term? Why do you have to lie and mischaracterize everything to make a point? It's so much easier to simply admit that Biden sucked and Trump knows what he's doing.

 

Why is it that some matters, your comments standing as an outstanding example, are obvious to many, but are completely lost on so many liberals?

 

The dollar index is down 7% year to date, and was obviously down more than that before reversing course on tariffs. It went down double digits in a short period of time as a direct result of our own self imposed economic barriers. Yes, I’d call that “tanking”, even if it was much lower from Great Recession or coming out of COVID. Is that where we want to go?

Maybe refer to a chart or get your facts straight before calling me a liar?

 

Want to know why Trump backed down? What China, Canada, and other countries were about to do to the US bond market when Trump first announced his "Liberation Day" tariffs. Yes, calling in US bonds would negatively effect countries like China and Canada, but not nearly as bad as it would collapse the US economy. It's a "nuclear option" of mutually assured economic destruction, and the fault would be put squarely on Trump's shoulders.

The result is Asian countries are now wondering if they can trust the US to lead in the region. Lot's of chatter in the region that Trump backed down and that while China didn't win the trade war, China came out with more influence and got the better of Trump. Time will tell if this is true.

 

Just so I understand what are the better deals that we have obtained vs when this all started?

 

A round trip without purpose but with consequences. Other countries now trust us less (including those who were our closest allies), which will absolutely have real world consequences.

 

Which fact that I presented wasn't straight? And value of the USD against other currencies is one measure. Buying power of said USD here in America is another. If the rate of inflation is decreasing, as it has been each month with Trump as POTUS, having a weaker dollar isn't necessarily a bad thing, as it helps to fuel U.S. exports. I mean, I can keep destroying your narratives here all day, but it gets old. You're always going to triple-down on the TDS.

 

I would argue they aren't lost at all on most of the posters like @BLING. It's their allegiance to TDS which occupies the greatest importance in their minds. No matter what Trump does, they will always create a fault with it.

 

His closest people finally banded together to tell him it would hurt "his" people.

MSN

While Trump was reluctant to lower tariffs against too quickly, several White House staffers – including Chief of Staff Susie Wiles, Treasury Secretary Scott Bessent and other aides – warned him the penalties were placing his own supporters in danger, sources told the Washington Post.

That warning prompted marathon negotiations with China this past weekend in Geneva, Switzerland, with the two at-odds countries announcing they would suspend their respective tariffs for 90 days as negotiations continued

 

I'm not sure what's more sad here - that he still doesn't seem to understand how tariffs work or that his staff has to frame it as hurting "his supporters" as opposed to hurting all americans.

 

Or the mere fact that they all had to band together to explain it to him when they realized that the ships had stopped.

 

In a normal world, weakening your currency does indeed make imports more expensive and “helps” exports. You think that relationship still applies when you are engaging the world in a total worldwide TRADE WAR even against allies??? Seems you didn’t think that through fully.

I believe the issue is the rapid pace that 10% dropped. Plenty of speculation it freaked some people out (you could try to dismiss it as TDS, but why do you think treasury sec had to come out and reassure everybody about what was happening?). I don’t think the issue is necessarily the levels we got to, it was more the rapid fall, and if it kept going another 10% you could be getting into “triggering financial crisis” territory. They 100% had to course correct.