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US China suspends tariffs. Cut by 115%
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SUSipohps3
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May 12 2025, 03:39 PM
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yes, WINNING MAGA! Tonight TO DA MOON ?????  QUOTE Stocks and oil prices rise at tariff news
In China, Hong Kong's Hang Seng index has risen sharply at the tariffs announcement.
The index is up by 3.4% as of 08:30 BST (15:30 local time).
The UK's FTSE 100 index is also up since opening at 08:00 BST, by 0.7%.
Oil prices have also risen, with the value of Brent Crude - a key indicator of oil prices generally - up by 2.8%. This post has been edited by ipohps3: May 12 2025, 03:43 PM
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SUSipohps3
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May 12 2025, 03:45 PM
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QUOTE(Lancer07 @ May 12 2025, 03:44 PM) now overnight already UP UP UP
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SUSipohps3
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May 12 2025, 04:03 PM
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QUOTE(iamSUSUman @ May 12 2025, 03:58 PM) tomorrow, the companies in US will order stockpiles for the next 2 years. shipment booking -full logistics booking - full warehouses booking - full Chinese supplier - what!? you want to order Christmas toys now? so early? US retailers - I want Halloween, New year, Next year's CNY as well! MNC: Fill in all the warehouses to the brim! Every inch much be covered by stocks in 3 months time!
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SUSipohps3
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May 12 2025, 04:50 PM
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meanwhile for others QUOTE Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from other countries is likely to “be in place for the foreseeable future,” echoing Trump’s comments from days prior.
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SUSipohps3
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May 12 2025, 04:54 PM
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QUOTE(Wedchar2912 @ May 12 2025, 04:43 PM) Equity investors won. Lol. No wonder my portfolio jumped this afternoon. THIS
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SUSipohps3
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May 12 2025, 04:55 PM
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QUOTE(diffyhelman2 @ May 12 2025, 04:53 PM) Well China base rate is 30%. nah not my concern. my concern is about SG.
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