Trump Temporarily Lowers Tariffs for Most Countries, South Korea’s Tariffs Lowered from 25% to 10%; Japan from 24% to 10%

Trump has executed his usual playbook of making an extreme demand and then settling on what he really wanted and everyone claims he backed down:

 U.S. President Donald Trump on Wednesday lowered “reciprocal” tariffs on South Korea and other trading partners to 10 percent in what he called a pause that will last for 90 days, while increasing duties on China to 125 percent following China’s retaliatory move.

In a social media post, Trump made the announcement as reciprocal tariffs went into effect on the day, with dozens of countries striving to negotiate deals over new levies. Last week, his administration unveiled 25 percent tariffs on South Korea, 24 percent on Japan and 20 percent on the European Union, to name a few.

Yonhap

You can read more at the link.

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

19 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Korean Man
Korean Man
2 days ago

Trump’s Panic Tariff Pause – Why It Might Be Too Late

https://www.youtube.com/watch?v=ho8AHzpZtww

Watch the video, he brings up South Korea’s temporary PPP ruling party President going begging to Trump, whom Trump proudly proclaimed victory over. This is why we cannot have the stupid PPP which is a US vassal state party, governing Korea. When the US says jump, they’ll ask how high sir?

Lee Jae Myung needs to be the Prez, right now.

As for Trump, he may have his vassal states like South Korea under a current weak traitorous party in his palm, but he has damaged the US reputation beyond repair. The US has lost Europe, Canada, China, and the BRICS. Long term, they will move away from the US and the US will go into isolationist chaos. And that’s a good thing. No more bullying the rest of the world.

Last edited 2 days ago by Korean Man
Korean Man
Korean Man
2 days ago

It looks like Trump and company were engaged in Market Manipulations. Crash the stocks purposely by putting tariffs on the world, buy up all the stocks on the penny, then “pause” the tariffs for 90 days, and see the stocks shoot up. A Trump official gets grilled and gets caught in lies. Surprised? LOL.. stupid Americans. Unbelievable corruption, one of the worst ever seen in the world.

https://www.youtube.com/watch?v=CUAynmbIYNk

ChickenHead
ChickenHead
2 days ago

1. If you didn’t know Trump was going institute ridiculous tariffs, you are stupid.

2. If you didn’t know that would drop almost all stocks a few percent and some stock a much larger percent, you are stupid.

3. If you didn’t know Trump would then cut tariffs once he had everyone’s attention, you are stupid.

4. If you didn’t know the tariff cut would make many stocks bounce back, you are stupid.

This is why some people are rich and you are stupid.

setnaffa
setnaffa
2 days ago

Read a dang book, China fanboi…

xi-reading
setnaffa
setnaffa
2 days ago

It’s open season on commies.

ccp-open-season
setnaffa
setnaffa
2 days ago

Ireland doesn’t have a prayer of this.

rosie
ChickenHead
ChickenHead
2 days ago

Are tariffs on Rosie O’Donnel calculated by function or weight?

Stephen
Stephen
2 days ago

1. If you didn’t know Trump was going institute ridiculous tariffs, you are stupid.
2. If you didn’t know that would drop almost all stocks a few percent and some stock a much larger percent, you are stupid.
3. If you didn’t know Trump would then cut tariffs once he had everyone’s attention, you are stupid.
4. If you didn’t know the tariff cut would make many stocks bounce back, you are stupid.
This is why some people are rich and you are stupid.

If you believe any or all of the above, you are stupid. Trump caved because 1. he has no clue what he’s doing, 2. the bond market and because stocks kept tanking OR….3. this was the biggest market manipulation we’ve seen in quite some time.

ChickenHead
ChickenHead
2 days ago

So… you are stupid. I see.

The problem is the more someone hates Trump, the less likely they are to read what he has written and develop a valid and informed opinion.

The teevee belches nonsense into your head and it comes back out your mouth. But you have never read anything Trump has written.

If you did, you would immediately recognize his tactic that he repeats over and over and over.

He doesn’t always win. But you don’t have to always win to be a winner.

The baffling thing is that “educated” and powerful people have no idea how to deal with him despite him essentially writing manuals on how to deal with him.

Bonus: The media lies and stupid people believing their insanity play into his strategy. He would be easier to beat if you understood his mind, made a flowchart of choices, and made solid plans to manage each decision.

Double Bonus: “Trump is stupid and Musk is stupid,” say people who don’t have enough gas money to pick up their welfare check.

Stephen
Stephen
2 days ago

Like I was saying…he blinked. He caved. It’s a circus, being run by the clowns.
https://www.youtube.com/watch?v=xRlY28l6yEA

Korean Man
Korean Man
1 day ago

Markets tumble again, Giving up half of yesterday’s historic gains as confidence in U.S. governance wanes

Following an unprecedented surge, U.S. stocks dropped sharply once more, erasing half of the gains from the previous day. The downturn reflects growing investor anxiety over the direction and credibility of the U.S. government.

Meanwhile, U.S. bonds are experiencing a significant sell-off, as foreign investors appear to be losing faith in the Trump administration. The reasons are increasingly clear:

Lack of Competence: President Trump has shown little evidence of a cohesive economic strategy. His actions often seem impulsive and reactionary. When the bond market began to crash and foreign capital fled, Trump appeared to panic. Even FOX News acknowledged the concern. Trump admitted on live television that his decision to pause tariffs was driven by market turmoil.

Authoritarian Tendencies: There are few checks on Trump’s power, echoing dynamics seen during his first term. His administration is filled with loyalists who rarely challenge him, resulting in an echo chamber that reinforces impulsive decisions rather than sound policy.

Rampant Corruption: Accusations of insider trading are gaining traction. Reports suggest that Trump’s inner circle, including billionaire allies, profited massively after receiving informal heads-ups about the tariff pause. Trump’s own comments on FOX, joking about the billions made, only added fuel to the fire.

Unreliable Trade Partner: The U.S. under Trump has repeatedly broken or withdrawn from international agreements. For many global leaders and investors, there’s little point in negotiating with a country that doesn’t respect its own signatures.

Decline in Reserve Currency Qualities: For a nation’s currency to serve as a global reserve, it needs more than a large consumer market. It requires political stability, institutional trust, democratic values, and openness. Under Trump, the U.S. has lost ground on nearly all these fronts. With increasing instability and a retreat from global norms, the rationale for holding U.S. assets is eroding fast. Prudent investors may want to reconsider their exposure.

Last edited 1 day ago by Korean Man
Korean Man
Korean Man
1 day ago

Leaked video of Trump bragging in his Oval Office about all the money being made, after he tipped off his billionaire buddies in insider trading – another one of his pump and dump schemes.

https://www.youtube.com/shorts/E2dr8En2N5A

setnaffa
setnaffa
1 day ago

Some people don’t understand the stock market. They often show off their ignorance of such items as “profit-taking” after a particularly substantial market increase.

Of course, most in that category here “don’t have a pot to piss in” anyway, so this link will probably not be useful to them:

https://www.amazon.com/Complete-Idiots-Guide-Stock-Investing/dp/1615640886

They should all become day traders and do things like shorting the stocks of companies run by people they don’t like.

And tell me, so I can make money off their dankness and daftness.

Korean Man
Korean Man
1 day ago

“Complete-Idiots-Guide”

A fitting title for the type of person making this comment.

Stephen
Stephen
1 day ago

Like I said, the man is an idiot with no clue. And if you guys ever took micro or macro economics in college, you’d understand that. Keep drinking that Kool Aid, I can only surmise the people commenting here have no money invested in the US markets. Trump isn’t fit to run a carnival. Yet you red-hatters applaud everything he does. For the last 4 years, all we heard was inflation, price of eggs, groceries, housing, etc. Now that everything is even higher, the red hatters are saying it’s ok, they can live with that. LOL. And if he raped a 13-year old and there was video proof, you’d say, she was asking for it or well, he’s a man with desires, so what do you expect? Sickening.

https://finance.yahoo.com/news/live/stock-market-today-dow-slides-1000-points-nasdaq-sp-500-clobbered-as-stocks-resume-trump-tariff-sell-off-200325498.html

ChickenHead
ChickenHead
1 day ago

I bought and sold at almost the right times.

This cycle seemed clear and predictable.

I am too chicken to put life-changing money on any “sure thing”, as I have lost enough to keep me from being a gambler… all on things that were clearly a gamble… upon hindsight.

But my excesses in life are funded by this kind of thing.

I really don’t understand how people don’t see these patterns well enough to do better than chance in the stock market.

But, then again, memestocks do well.

Somebody is stupid.

setnaffa
setnaffa
1 day ago

Internet rando Stephen who, for all we know, sell gutter oil to street-food vendors in poorer sections of Shanghai, says a Billionaire who was elected President with 312 Electoral College votes is an idiot.

If so, I need to get more of that.

In the meantime, Stephen supports the DPK front-runner for the upcoming South Korean Presidential election who signals he wants to be more heavy-handed than Yoon.

Fair and balanced, what? Stephen ought to write a book. He could probably sell literally a dozen copies!

istockphoto-614114282-612x612
Stephen
Stephen
1 day ago

Two Stephens?

It’s Bewitched all over again with the two Darrin Stephens.

Setnaffa won’t get that joke. The only classic TV series setnaffa was watching in his mom’s Stalingrad dacha were F Troop and The Phil Silvers Show.

Where setnaffa aspired to be Corporal Duffy … but never getting any stripes …setnaffa had to settle for being Pvt Duane Doberman.

Last edited 1 day ago by Stephen
Stephen
Stephen
21 hours ago

Excellent article explaining why Trump caved:
Let’s talk about the moment Donald Trump blinked. It wasn’t loud. It wasn’t a tweetstorm or a rally rant. When the tariff threats that had the world on edge—125% on China, 25% on Canada’s autos, a global trade war in the making—suddenly softened. A “pause,” he called it. A complete turnaround from the chest-thumping of the past week. And the reason? Mark Carney and a slow, deliberate financial maneuver that most people didn’t even notice: the coordinated Treasury bond slow bleed.
This wasn’t about bravado. It was about leverage. Cold, calculated, and devastatingly effective.
Trump’s pause wasn’t because people were getting yippy…
Rewind a bit. While Trump was gearing up his trade war machine, Carney, Canada’s Prime Minister, wasn’t just sitting in Ottawa twiddling his thumbs. He’d been quietly increasing Canada’s holdings of U.S. Treasury bonds—over $350 billion worth by early 2025, part of the $8.53 trillion foreign countries hold in U.S. debt. On the surface, it looked like a safe play, a hedge against economic chaos. But it wasn’t just defense. It was a loaded gun.
Carney didn’t stop there. He took his case to Europe. Not for photo ops, but for closed-door meetings with the EU’s heavy hitters—Germany, France, the Netherlands. Japan was in the room too, listening closely. The pitch was simple: if Trump went too far with tariffs, Canada wouldn’t just retaliate with duties on American cars or steel. It would start offloading those Treasury bonds. Not a fire sale—nothing so crude. A slow, steady bleed. A signal to the markets that the U.S. dollar’s perch wasn’t so secure.
And here’s the kicker: Canada wasn’t alone. Japan, holding over $1 trillion in U.S. debt, signed on and started to sell those US Treasury bonds which scared Trump shitless. Key EU countries—collectively sitting on another $1.5 trillion—nodded in agreement. This wasn’t a bluff. It was a silent pact. A coordinated move to remind Trump that the free world doesn’t just roll over when he swings his tariff bat. Hurt us, Carney said, and we’ll hurt you—right where it counts.
The U.S. Treasury market is the backbone of the global economy. Foreign holders like Canada, Japan, and the EU keep it humming, financing everything from America’s military to its tax cuts. Start selling those bonds in unison, even gradually, and the yields spike. The dollar wobbles. Borrowing costs climb. Suddenly, Trump’s “beautiful” bond market—he bragged about it just yesterday—looks like a house of cards in a stiff breeze.
That’s the message Carney delivered in his call with Trump last week. No leaks on the exact words, but the outcome speaks volumes. Trump didn’t just pause the tariffs; he backpedaled hard. China’s still in the crosshairs—125% duties are no joke—but Canada? The EU? Japan? They’re off the hit list. For now, at least. Why? Because Carney’s play wasn’t noise. It was power.
Let’s be real: Trump’s spent years calling Canada a freeloader—remember his 2019 NATO jabs?—while ignoring the inconvenient truth. Canada’s $350 billion in U.S. debt isn’t charity. It’s a lifeline. Japan’s trillion-plus? Same deal. The EU’s pile? Ditto. These countries aren’t just buying bonds to be nice; they’re bankrolling the U.S. government. And when they threaten to pull the plug, even slowly, Washington listens.
This was the determining factor in Trump’s surrender. Not the public spats, not the retaliatory tariffs Canada slapped on U.S. autos (though those stung). It was the quiet, coordinated threat of a Treasury bond unwind that bent Trump’s knee. Carney didn’t need to shout. He didn’t need to posture. He lined up the free world—Japan, the EU, Canada in lockstep—and showed Trump the cliff’s edge. Strategic brilliance doesn’t get louder than that.”
https://www.wallawallademocrats.com/other-voices/carneys-checkmates

19
0
Would love your thoughts, please comment.x
()
x