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#trumpcrash

73 posts52 participants3 posts today

"Boldly getting nothing in return for negotiating against himself over the trade war he started. #Trump ended the day bragging about how the markets had soared and recovered some of what they had lost over the previous days." USA Today yahoo.com/news/tariff-turnarou
#USPolitics
#TrumpCrash

Yahoo News · With tariff turnaround, Trump shows he's the most brilliant president in history | OpinionBy Rex Huppke, USA TODAY
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@HarriettMB @petealexharris

I suspect that only a person with a long name with an account on an obscure FediVerse site in Scotland has actually noticed the omission as yet, and that that includes the E.U..

I know no journalist that I could nudge.

It appears, at least from the silence, no journalist has off xyr own bat wanted to check directly from the text of the claimed order what has actually been done and what has not.

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@HarriettMB @petealexharris

Even if what the press conference said had been officially ordered, the E.U. would still have been having a 10% tariff applied.

Indeed, wanting to check the small print on that, to see exactly what #tariffs had been deferred, was why I was keeping an eye out for the formal executive order to be published in the first place. There have been some things hidden in the small print in some of the other executive orders.

This is the White House executive orders list. It is up to date as of 2025-04-09. I watched them put all of yesterday's orders up last night, to check.

whitehouse.gov/presidential-ac

The 2025-04-02 order that has the high #TrumpCrash #tariffs, coming into force on 2025-04-09 00:01 EDT, is there.

So where's the order countermanding it?

Yes, this is an "Oh crap!" moment.

In all of the fuss of TS posts and press conferences, #DonaldJTrump has forgotten to issue the actual tariff reduction order.

The White HouseExecutive Orders Archives

It's worth remembering the @standupmaths calculations at this point.

The weighted mean tariff was 41%. With the blanket minimum still in place, as Reuters et al. say it is going to be, the mean tariff is now just over 10% (as China remains on a *much* higher rate and drives the mean up a little bit).

With the more realistic price pass-through of 0.94, that's still a roughly 10% consumer price rise over all imported goods in the U.S.A..