Posted on 04/23/2025 7:56:05 AM PDT by Miami Rebel
Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the American central bank, Jay Powell.
The president told reporters in Washington on Tuesday he plannned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.”
The comments sparked a fresh rally on Wall Street, with the S&P 500 blue chip index and the Nasdaq ending the day up by more than 2.5%. Overnight in Asia, Japan’s Nikkei rose by nearly 2%, Hong Kong’s Hang Seng was up 2.4% and the South Korean Kospi gained 1.6%.
The rally spread to Europe in early trading on Wednesday, with the UK’s FTSE 100 index up 1.6%, while the Italian FTSE MiB rose by 1.1%. Germany’s Dax gained 2.6% and France’s Cac 2.1%.
Investor confidence also grew after Trump told reporters he would not fire Powell, the chair of the US Federal Reserve, reversing the previous day’s losses triggered by the president calling the central bank boss a “major loser”.
The president has criticised the Fed chair repeatedly for refusing to cut interest rates and last week hinted that he believed he could dismiss Powell before his term as the head of the central bank comes to an end in May next year.
Trump wrote on his social media platform, Truth Social, last week that Powell’s termination “could not come fast enough”, after the Fed chair raised concerns about the impact of trade tariffs on the American economy.
(Excerpt) Read more at theguardian.com ...
This is America. You can do better than that.
I whose lifetime will these new industrial plants be built, workers trained, families relocated, communities reconstituted. It took 80 years from Appomattox to 1945 and 2 world wars for American industry to rule the world.
AI:How long does it take to build an auto plant?
Answer:
Building an auto plant is no small feat—it's a massive undertaking that depends on several factors, including location, permits, infrastructure, and the complexity of the facility. On average, it can take several months to over a year to complete construction. Some companies, like Tesla, have managed to build factories in as little as 168 working days under optimal conditions. However, beyond construction, additional time is needed for machinery installation, utility setup, and safety inspections before production can begin1.
“China”
I don’t see how anyone could possibly spin the current facts to fit this argument.
Read the last sentence and reread the parts about permits and equipment installation.
Add a few more months.
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