Stocks dropped Tuesday as a relief rally proved short-lived and investor anxiety returned ahead of President Donald Trump’s next tariff deadline that will see a cumulative tariff of 104% slapped on China just after midnight.
I hope your electronics are lasting for some more years, americans. Godspeed.
104% tariff on goods from China. Will American tech shops even survive this?
They would’ve if Trump hadn’t just knee capped California’s attempt at mining lithium from the Salton Sea.
Excuse my ignorance. Could someone elaborate?
We were going to start mining lithium and rare earth metals, but the Trump administration reversed the approval. The Salton Sea is the skeleton in California’s closet, so turning it into anything OTHER than an agricultural runoff pit is preferable. The area is largely abandoned and highly polluted. It’s a massive artificial lake that receded while simultaneously being filled with runoff. Before it got that bad, it was treated like Lake Havasu.
If it came from an environmentalist, it would make more sense, but because it’s Trump, it was a “fuck California”, thing. I really like the Salton Sea even though it’s stinky, so I was curious if it was going to repopulate. It’s not that bad in the south, but in the north, it’s BAD.
It was a geothermal extraction method that made energy and recovered lithium without nasty mining.
It’s possible that the geothermal angle was green washing, but from what I saw (on PBS’s Nova I believe) it would have been an environmental improvement over what is there now.
Funny thing is Maine also just discovered lithium deposits, and the Trump assholes are picking on them for allowing the 2 transgender athletes in the whole state to play school sports.
That’s a really good point, but I haven’t looked into the extraction methods yet. I’m not sure if that will be implemented. Finding information is difficult. Hopefully, it will. Power, too, you.
They weee extracting the lithium from water pulled from fracking-like wells (not sure if horizontal drilling was happening or not though, I’ll see if I can find the source).
I usually wait until my phone dies to get a new one, but mine was 5 years old so I replaced it in December in anticipation. Because yeah he tries everything he says he’ll do
We lucked out on monday, the talking heads were spreading rumors about 47 flip-flopping on the tariffs, so it didnt free-fall like I expected.
My bet was that we hit the circuit breaker before thursday, otherwise I owe a colleague of mine a sandwich.
We lucked out on monday, the talking heads were spreading rumors about 47 flip-flopping on the tariffs, so it didnt free-fall like I expected.
That’s not what what happened.
A random person with the last name Bloomerberg (on their Twitter profile) paid the $8/month for a blue checkmark
That randomly claimed tarrifs were pushed back 3 months…
And our entire economic system our lives depend on collectively shrugged and said “good enough”. It cause a spike and then even as people sold they were more cautious.
Without that, shit would be a lot worse right now
Without that, shit would be a lot worse right now
Basing trading strategy on false rumors doesn’t make you better off, it only makes you worse prepared.
Just because stocks are higher than they might have been, doesn’t change the reality of what’s going to happen to the economy.
That’s not what what happened.
I dont care how it happened, I heard it being reported on my local radio station, and all I got was that it was a rumor. Thanks for enlightening us with the details.
I hope you specified that the sandwich is made with only domestic products!
That sandwich is gonna cost $90
It’s ok guys,
That’s what the 90 days are for. We are going to import bricks and stuff cheap, build the factories, and tariff everything back. BIG BEAUTIFUL FACTORIES build cheap making American made crap.
/s
Yesterday was a textbook dead cat bounce and /r/conservative was trying hard to cope.
Doprah Trumfrey
