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#marketmanipulation

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Nonilex

#Trump has said that he would soon nominate #JeromePowell's successor, w/ nearly a year left before the #FederalReserve chair's term ends. #Investors said that could present a risky proposition for #markets.

Trump has made no secret of his displeasure w/ #Powell & the #Fed for not lowering #InterestRates since Trump began his 2nd term in Jan.

#StockMarket #MarketManipulation #economy
reuters.com/business/early-fed

Continued thread
Nonilex

#Trump has spent years…[wanting to be seen as a a tough guy]. So when he was asked by a reporter in the Oval Office on Wednesday whether the term might be a valid description of his approach to #tariffs, Trump, [of course, attached the reporter] reacted with ire.

“I chicken out? I’ve never heard that,” he said. “Don’t ever say what you said,” he told the reporter. “That’s a nasty question. To me, that’s the nastiest question.”

#economy#law#fraud
Nonilex

#MarketManipulation

#Fraudster #Trump said on Sunday that he would delay imposing a 50% #tariff on all imports from the #EU until July 9 to allow more time for #trade negotiations [or to make money by shorting the market].

In a post on Truth Social, Trump said that he had spoken to Ursula von der Leyen, president of the European Commission, about his recent #threat to enact the #tariffs on June 1 if a trade deal could not be reached in the next week.

#law #securities
nytimes.com/2025/05/25/us/poli

The New York Times · Trump Delays E.U. Tariff Until July 9By Alan Rappeport
Laffy

It’s STILL a huge #TrumpTax! 🤦🏻‍♀️ #MarketManipulation

"US stocks surged on Monday after #Trump’s top trade officials brokered a surprisingly dramatic de-escalation in trade tensions with #China over the weekend, dropping tariffs to much lower levels, which some economists say could stave off a US recession."

cnn.com/2025/05/12/investing/s

CNN · Dow soars 1,000 points after Trump team and China dramatically lower tariffsBy David Goldman
Continued thread
Nonilex

Illinois Senator #DickDurbin, the No. 2 #Democrat in the #Senate, warned that the negative impacts of #tariffs would persist far beyond a 90-day period.

"The chaos, uncertainty, & real damage of the #Trump Tariff Tax will not disappear in 90 days. Bottom line: the President has created a global mess at the expense of American families & businesses,” Durbin said in a statement.

#US#economy#inflation
Continued thread
*
Nonilex

Inexplicably, #Trump seems to have added another 10% tariff to #Canada & #Mexico. Asked earlier if the 10% tariff extends to those countries, Scott Bessent, the treasury secretary, said that it did. And a White House official clarified that that is the case. Previously Canada & Mexico had been exempted from this round of “reciprocal” #tariffs, though they still face a 25% tariff on many of their goods that the president imposed last month.

#idiocracy#economy#recession
Nonilex

“This is amateur hour,” shouted Rep Steven #Horsford, D–NV, at Jamieson Greer, #Trump’s top #trade rep. “It looks like your boss just pulled the rug out from under you.” News of Trump’s plan to #pause most of the reciprocal #tariffs that went into effect this morning was just reaching Capitol Hill. “This is not a game. This is real life,” Horsford yelled as he pressed Greer about whether or not the move amounted to #MarketManipulation by the admin.

#Congress#House#finance
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