After stock markets plummeted in response to Donald Trump’s announcement of widespread tariffs, he suddenly announced a 90-day pause on the new policy. Capital will resist any measure that threatens profits — and that’s just what happened yesterday.

After stock markets plummeted in response to Donald Trump’s announcement of widespread tariffs, he suddenly announced a 90-day pause on the new policy. Capital will resist any measure that threatens profits — and that’s just what happened yesterday.

  • gravitas_deficiency@sh.itjust.worksEnglish
    724·
    2 days ago

    lol uh I don’t think that’s what happened. It was pretty obviously market manipulation. He’s intentionally creating a dip, then buying it, and selling the spike. I expect this to be repeated going forward.

    • miguel@fedia.io
      50·
      2 days ago

      Dude literally pointed to his friends who made a killing on it, and posted “buy” info on his socials before reversing.

      If we had any kind of system of laws, that’d be jail time.

    • Boddhisatva@lemmy.worldEnglish
      21·
      2 days ago

      Yep. He even announced on TruthSocial, “THIS IS A GREAT TIME TO BUY!! DJT” less than four hours before he dropped the tariffs.

      • gravitas_deficiency@sh.itjust.worksEnglish
        9·
        2 days ago

        This is exactly what I mean :P

        For those who haven’t seen this yet: yes, it is real. I didn’t believe it at first either. It’s just so… absurdly blatant. But it is very much real.

    • resipsaloquitur@lemm.ee
      7·
      1 day ago

      The tariffs are on pause while his palm is out waiting for some silver to cross it.

      That was always the plan. Just bribes.

    • ThrowawayOnLemmy@lemmy.world
      9·
      2 days ago

      It can be both…

      He reacted to the movement in the bond market out of panic, but also saw it as an opportunity to enrich himself and his cronies once he knew he was gonna cancel tariffs because he saw how the market would bounce back based on the tweet the day prior.

    • Doom@ttrpg.network
      2·
      1 day ago

      Because it is easier for rich people to deal with senile Biden and insane Trump.

      Competent politicians are a problem

  • noride@lemm.ee
    18·
    2 days ago

    People calling this plain ole market manipulation are missing the forrest for the trees. The bond market tells the tale, there was a concerted effort to bleed US bonds and drive the price down, which is why Trump blinked. None of his tax plans can come to fruition if no one will buy US debt, they were just too stupid and shortsighted to see this coming, hence the reversal.

    Next time I’m not sure we will get so lucky. For the next “90 days”, Peter Navarro and morons like him will be downplaying the selloff to Trump, which will embolden him to ride it out no matter what happens.

  • PugJesus@lemmy.worldEnglish
    152·
    2 days ago

    Really? Because it seems to me like literally every other “Start-stop-start-stop” shit he’s been pushing for the past three months, which he has learned absolutely nothing from.

    The desperation of some people to believe that there is some greater plan here, even if an evil plan, is astounding.

    People are often stupid. We elected one of the stupidest. And his stupid followers are cheering on his every move. The only thing Trump reacts to, like most idiotic cult leaders, is more or less adulation. Expect more stupidity, starting and stopping at random or at the expectation of a negative response from his professional fluffers, going forward.

    The only ‘deeper than it appears’ aspect of this is possible market manipulation.