the trade war heats up: China stops exports of gallium, germanium, antimony, graphite, and tungsten to USA

[Justin Passing]

This evening at 11pm UK time6pm US Market time, Trump declared he would not try to get rid of the FED chair, Jerome Powell. It would have been a stupid thing to have tried to do.
The Markets all jumped in unison a couple of percent, and gold dropped an equal amount.

 

[fillyboy]

This evening at 11pm UK time6pm US Market time, Trump declared he would not try to get rid of the FED chair, Jerome Powell. It would have been a stupid thing to have tried to do.
The Markets all jumped in unison a couple of percent, and gold dropped an equal amount.

I've not read that deeply into it but the Fed seems to be the only ones not dropping interest rates, the rest of the world is.

 

[noseall]

The 'markets' are usually ahead of the game, and latest news is their rallying.

Trump must be about to bottle it or back track again.

 

[fillyboy]

Trump must be about to bottle it or back track again.

Daily back track by the looks.

 

[blup]

the 90 day pause on tarrifs may have been part of Trumps plan after all

It’s tempting to attribute that kind of strategic planning to Trumpf but in reality is it anything more than his usual knee jerk reaction

He's pushing the world toward a binary choice between America and China.

Chinna seems the safer bet if only to get the US back in its box. Sometimes you have to sup with the Divil

 

[Justin Passing]

Trump got back into his box, he backed down.
He hadn't had any talks with Xi apparenty.
What a **!** eh!

NVIDIA say he handed the CHinese AI market to Huawei, who are now termed a more reliable supplier. Well done Trump.

--

I was holding quite a bit of gold. It's mostly still above what I paid, but I'm not going to make the thousands I was.
Your empathy is tangible,
The condolences are presumed received, thank you so much. ...

Edit:
Forunately I was also holding Euro and UK banks, on leverage, which has more than balanced it, so you don't need to be so sad for me
You must have bee worried, but it's ok.......

 

[Notch7]

I've not read that deeply into it but the Fed seems to be the only ones not dropping interest rates, the rest of the world is.

Your hero Trump is the reason the Fed arent dropping -come on Filly, be a man and take ownership of it



the rest of the world didnt vote a Trump into power fekking up their economy

the Fed were on a trajectory to lower interest rates this spring.............because Biden left a strong, growing economy

 

[Notch7]

NVIDIA say he handed the CHinese AI market to Huawei, who are now termed a more reliable supplier.

America has managed to make China seem the good guys, thats not great at all

Trump is correct in wanting to stop China, but the only way to do that would be to work with the world to do that, instead he has alienated them and the new world order is the RoW not trusting America

 

[denso13]

I've not read that deeply into it but the Fed seems to be the only ones not dropping interest rates, the rest of the world is.

It's grown ups making grown up decisions for good reasons, something that Orangina doesn't get.

“The risks to inflation are more elevated than they were a year ago, so the consequence of that is we might have to hold policy tighter for longer than we had thought,” San Francisco Fed President Mary Daly said Friday at an event hosted by the University of California, Berkeley.

The Fed, under Powell’s leadership, has so far succeeded in tamping down the fastest inflation in more than 40 years without a recession, an exceptionally rare feat known as a “soft landing.” Even Republicans such as Sen. John Kennedy of Louisiana have praised the Fed’s staunch commitment to data.

https://edition.cnn.com/2025/04/22/economy/federal-reserve-trump-interest-rates/index.html

 

[Justin Passing]

The Fed, under Powell’s leadership, has so far succeeded in tamping down the fastest inflation in more than 40 years without a recession, an exceptionally rare feat known as a “soft landing.” Even Republicans such as Sen. John Kennedy of Louisiana have praised the Fed’s staunch commitment to data.

So far...

 

[denso13]

So far...

Yes, so far, so good, you'd think that deserves some support. But no...

 

[Londoner2]

Would'nt worry too much, looks like Trump is backtracking on his words. His latest s that tariffs are coming down with China, wont be 0% but wont be high.

 

[Justin Passing]

Would'nt worry too much, looks like Trump is backtracking on his words. His latest s that tariffs are coming down with China, wont be 0% but wont be high.

Well yes, as said...

BUt worry and despair are worn out already, it's resignation now that there's a clown in the White House.

 

[Notch7]

Trump has basically fekked the American economy without achieving anything.

Let’s see how the MAGA cultists on here try to spin it as a win

 

[fillyboy]

Trump has basically fekked the American economy without achieving anything.

Wow.