Donald Trump the Megathread part II - Mod Warning added to OP 10/1/26

There was a brief rally where the DOW went up 5% in ~20 minutes based on what seems to be fake news. The S&P 500 went up $2.5 trillion in those 20 minutes.

"A sign of the madness we are living through is the jump and then reversal in US markets this afternoon, writes Cliff Taylor.

Markets jumped a bit after 3pm when there was speculation – reported on financial news channel CNBC and elsewhere - that President Donald Trump was considering a 90-day pause on the imposition of tariffs to allow room for negotiation.

US markets jumped into positive territory, but subsequently reversed when a White House source responded saying no-one there had heard about it. It was then dismissed as “ fake news”." (Irish Times)

Back to square one then…….

The market is recovering the losses again. I wonder is it quite the fake news they make out.

All the leaders of the major global banks are meeting tonight.

Maybe the Illuminati really is a thing.

is he the monkey or the hand grenade?

Aaaand its gone again, rights thats it i cant keep watching this yoyo nonsense

Looking in from the outside, I feel it is pointless though (as regards "education" of the US public about a given topic (like EU VAT) somehow solving the problem).

The root of the issue is the Republican politicians and the media in their "camp" in the US just lie all of the time now as it suits the moment, and it is normalised and the people who want to believe it believe and those that know it's a crock of shít will be ignored by them.

That silly tariff % board Trump held up was a shameless lie, and these arguments trotted out about VAT being some kind of levy targetting American imports is a lie as well, but may as well howl at the moon for all the good pointing it out does.🤦‍♂️

Well, that is what you call a full blown trade war with the Chinese (with bells on).

I guess Trump is getting what he wanted. An early retaliation from China and a massive response that will put fear into every other country.

104% tariffs on everything. I think China will make nuclear moves and maybe just stop selling to America completely and try to cause shortages instead of price rises for American consumers. They're already stopping some rare earth elements and I think they will just expand that.

Trump is behaving like a macho drunk guy at a poker table just shoving all in on anyone who dares raise him.

Can we make a note of all the posters claiming that Trump was responsible for the increase in markets, so that they will inevitably accept that he is responsible for when they are tanking?

Is the zero tariff offer(presumably reciprocal) from EU a good idea?

You can't "call in debt" with treasury bonds. They can just dump them on the market and try to do something like what Liz Truss inadvertently did to pension funds. But China probably doesn't really hold enough of America's debt to achieve something like that.

Isn't it remarkable that the undertone across all media is sort of rooting for China in this, because America are being such absolute arséholes and China are seen as stable. It's a wild change in public opinion.