China Tariffs Up To 125%

[tomus42]

..but are paused 90 days for other countries causing stock markets to immediately bounce back. Anyone who 'bought the dip' would have made a killing if they correctly 'guessed' this announcement was coming. What do you think?

[tomus42]

BBC News - https://www.bbc.co.uk/news/live/cp8vyy35g3mt

Trump tariffs live updates: Trump pauses higher tariffs for dozens of countries, but hikes China rate to 125% - BBC News

[ToraToraTora]

I suspect he and his buddies shorted it to death first.

[tomus42]

No doubt.

Now China has to reciprocate, so where does it end?

[New Judge]

I bought a few bits and pieces yesterday. I usually do when there's  panicky dip like this. Maybe aa quick buck will be realised tomorrow  😎

[mushroom25]

//  Anyone who 'bought the dip'  //

if you believe the chatter on XWitter, this will include Trump's billionaire mates, and probably Trump himself.

[tomus42]

Did you trouser a few bob from the Truss debacle NJ?. Fair play to you if you did. 

[Old_Geezer]

Anyone "guessing" that likely had inside info.  Did the CCP do a lot of trading immediately beforehand ?

[tomus42]

Yes. Trump tweeted the day before the announcement 'TODAY IS A GOOD DAY TO BUY', and there was a corresponding spike from a small group of buyers.

An investigation has been started into insider dealing. It won't go anywhere of course.

[douglas9401]

Time the clown was dealt with.

[tomus42]

I wouldn't hold your breath Douglas. The only things likely to deal with Trump are age and ill health.

[youngmafbog]

//Anyone who 'bought the dip'//

Does that include me?  Good job I have Trump on speed dial. 🙄

[ynnafymmi]

@10.40.We are still waiting for that bastrads Putin and Xi to expire first tomus.It might need an assassins bullet to deal with these pair of bastrads.

[New Judge]

“Did you trouser a few bob from the Truss debacle NJ?”

Unfortunately not, tomus, as I was away from home .

However, I have cashed my chips this morning and done quite well out of my little flutter.

 I concentrated on a few “reliable” (as much as any are) banking and finance stocks which took (what I believed) was an unjustifiably large pasting earlier in the week:

- Hargreaves Lansdown (a gain of 10% on my buying price on Tuesday)

- Metro Bank (a disappointing 4% increase) 

- Barclays (11%). This was, in fact, a bit of a disappointment. They opened 22% up on yesterday’s close. Unfortunately I missed it and they quickly eased back to the lower figure. Still, 11% in two days is not to be sniffed at. Mustn't grumble.

I must say I did not expect such a quick return. Hope I don’t get a knock on he door from Financial Plod asking what I knew and who told me. As long as I retain my liberty Mr Trump’s shenanigans will pay for a nice city break (probably Edinburgh) for Mrs NJ and me some time in the summer.

[tomus42]

It's gone up to 145% now.

BBC News - https://www.bbc.co.uk/news/live/cn4jjw30d5qt
Trump tariffs live updates: US hitting most Chinese goods with 145% tariff, White House confirms - BBC News