j_garcia

j_garcia

Audioholic Jedi
Well, his unexpected impact was that the crypto market took a trump dump, which now directly impacts his interests, so he had to "think" a little longer on tariffs. He is trying not to shoot himself in the other ear.
 
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Trell

Trell

Audioholic Spartan
Well, his unexpected impact was that the crypto market took a trump dump, which now directly impacts his interests, so he had to "think" a little longer on tariffs. He is trying not to shoot himself in the other ear.
Like this:

>>>Meme coins plummeted over the weekend as President Donald Trump signed long-threatened tariffs on Mexico, Canada and China, kicking off a trade war that caused investors to dump risk assets worldwide.

Trump's own meme coin, dubbed Official Trump, which launched a little more than two weeks ago, was last down 15% to $17, according to CoinGecko. It rallied to a high of about $73 the weekend of its launch before crashing 50% on Inauguration Day.

The biggest and most popular meme coins, dogecoin and Shiba Inu, lost about 14% each. Pudgy Penguins was down 13%, while dogwifhat tumbled 26%.

Meme coins as a group have dropped 17% over the past 24 hours, according to CoinGecko.

The drop began Saturday evening after Trump signed an order imposing 25% tariffs on imports from Mexico and Canada, as well as a 10% duty on China. The U.S. does about $1.6 trillion in business with the three countries.

"Every coin that recently rallied through January, including memes like [dogecoin], have essentially handed back most of their gains," said James Davies, CEO and co-founder at trading platform Crypto Valley Exchange.

"Crypto is fundamentally about freedom to make and conduct trades, which runs counter to the global political narrative of the last week," he added. "As a community, we are pro free-trade … when that is being restricted, many investors are risk-off in terms of their holdings. This massively impacts the alt coin market." ...<<<

 
T

TankTop5

Audioholic Samurai
According to a serious source, most of the Fentanyl dropped in the US were from Mexico. The portion of the drug leaking from Canada represented only 1% of the reported smuggling. Trump always exaggerates or he tells lies.
Well twice as many people on the terrorist watch list have been arrested entering through Canada vs Mexico
 
Verdinut

Verdinut

Audioholic Spartan
There's no absolute proof that those social network sources are trustworthy. There are so many fake news on the Web!

EDIT: FYI Canada started to implement the border security several weeks ago. We have ordered replacement drones for the Chinese ones which we had received, for suspected security risks..
 
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T

TankTop5

Audioholic Samurai
There's no absolute proof that those social network sources are trustworthy. There are so many fake news on the Web!

EDIT: FYI Canada started to implement the border security several weeks ago. We have ordered replacement drones for the Chinese ones which we had received, for suspected security risks..
That is literally Donald Trump‘s account. That’s some serious cope
 
Trell

Trell

Audioholic Spartan
Trump got rolled and to save face he got some "concessions".

What is not mentioned in the CNN article below is that Mexico also got a concession: US will try stop high-powered weapons illegally flowing into Mexico. Apparently this is the first time USA will do this.

>>>... But what did Trump get? What did it cost? And will it last?

A more objective view of the bizarre showdown with America’s neighbors suggests a blunter truth: Trump blinked.

The president vowed as recently as last week that there was nothing that Canada or Mexico could do to avoid the tariffs he planned to impose.

But he pulled back on imposing them anyway.

As markets tanked on Monday morning, the potential consequences of a North American trade war were laid bare. The potential for tariffs to spike the grocery prices that Trump was partly elected to fix came into focus. There were fresh warnings that the auto industry — a cross-border concern — could seize up and that the price of a new vehicle could soon shoot up by $3,000.

And Canada and Mexico didn’t really give up that much.

For the Canadians, the cost of a new border strategy was far lower than the fallout of a trade war — and they’d offered the $1.3 billion border strengthening program back in December. Adding a new “fentanyl” czar was hardly a huge political loss.

Mexico has several times moved troops to the border. For example, it sent 10,000 in April 2021 at the request of President Joe Biden, who didn’t need to threaten to pitch America’s southern neighbor into a recession to get it to act. ... <<<


First couple of minutes in the YouTube clip below Catherine Rampell lays out that Trump got rolled by Mexico and Canada:

 
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