Trump announces tariffs ranging from 10% to 49% for dozens of countries

[CBSkyline]

Nintendo delaying the Switch 2 due to the tariffs. shyt getting wild. Them gamers about to storm the capital like it's J6

 

[Jx2]

Nintendo delaying the Switch 2 due to the tariffs. shyt getting wild. Them gamers about to storm the capital like it's J6

Maybe don't roll out the announcement that games are going up to $80 when we're about to enter Great Recession 2.0

 

[IIVI]

$META/Facebook is getting smoked and most likely more to come because of how much money comes from ads. Those companies are primarily overseas and get hit hard by tariffs.

 

[IIVI]

 

[SNG]

Nintendo delaying the Switch 2 due to the tariffs. shyt getting wild. Them gamers about to storm the capital like it's J6

They not delaying it. Just the pre orders so they can add the tarriff price.

 

[Rekkapryde]

portfolio down 10% in 2 fukkin days

 

[Apollo Creed]

portfolio down 10% in 2 fukkin days

Stop looking nikka lol either buy cheap or just ignore and hold

 

[Jx2]

Stop looking nikka lol either buy cheap or just ignore and hold

This. I’m intentionally not looking at my 401k knowing it’s a bloodbath

 

[CBSkyline]

CNBC has been straight comedy over the last 48 hours. You can tell there was no ill intentions meant with what he said, which makes it even funnier



Other Guy: Yeah I love that long term approach

Edit: Clearer audio

 

[Apollo Creed]

This. I’m intentionally not looking at my 401k knowing it’s a bloodbath

Yeah as long as you employed just keep contributing and then look at it after 2028 lol

 

[IIVI]

I think next week going to be an ugly. Definitely have some dry powder for it.

DCA a little now because some of these prices are crazy. Not financial advice.

 

[Rekkapryde]

Stop looking nikka lol either buy cheap or just ignore and hold

fukk all dat, its on sight to punch Donald in his face.....I might get shot in the process though

 

[IIVI]

Geopolitically, nothing matters more than winning AI. These tariffs, as constructed, essentially guarantee that America will lose “AI” by making America the most expensive place on earth to build AI datacenters. The semiconductor exemption was irrelevant for AI. Datacenter semiconductors come into America in finished goods from Taiwan and other Asian countries: servers, storage systems and networking switches. By the time we have developed the capacity to domestically produce these systems, we will have lost the AI race. Outside of this dynamic, the assumption - or wild gamble - that other large countries would not retaliate and instead come meekly to the negotiating table was erroneous. That was the off ramp and Bessent did his best to encourage the world to take it. China, understanding how awesome all of this is for them, did not take the off ramp. Epic win for China. Best outcome from here - that is in the realm of the possible - would be to quickly cut “deals” with friendly Asian countries - Japan, Taiwan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, etc. Something like a 10% tariff plus true reciprocal tariffs (which would quickly go to zero) would be reasonable. I say all of this as someone who was open-minded to tariffs that were thoughtfully constructed, gradually phased in and accompanied by massive deregulation. Ideal outcome would have been some combination of reshoring, revenue generation and seeing our largest trading partners lower their barriers to American goods. It is a fact that until yesterday we generally had much lower tariff rates than other countries. My sense is that is where Bessent was, but he clearly lost an internal battle. Hopefully the market helps the President realize that a course correction is needed and the necessary changes are made relatively quickly. The sooner, the better. As a sidenote, I can only imagine how Bessent felt when he understood the way the reciprocal tariffs were calculated, that an LLM had generated the tariffs and that islands inhabited only by Penguins were being tariffed as a result.

It’s so funny that MAGA thought Trump wouldn’t have the opposite effect.

 

[RickyGQ]

 

[Breh13]

CIA/FBI I know you watching but you brehs thinking someone gonna try and JFK this orange baboon?