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  • Trump Tanks The Stock Market - China Tariff Hike Freaks Everyone

    From c186282@c186282@nnada.net to talk.politics.misc,alt.politics.usa,alt.fan.rush-limbaugh on Fri Oct 10 20:47:27 2025
    From Newsgroup: alt.politics.usa

    Yep, it WAS Trump this time.

    Dow down more than 800, Tech-heavy NASDAQ maybe a
    proportionally larger drop.

    Around noon Trump said he was imposing an additional
    100% tariff on most Chinese exports - citing the lack
    of progress, foot dragging, on a better trade deal.

    Lucky he waited until Friday ...

    The USA wants to make more money, China wants
    to make more money ... but it seems there's
    only just so much to go around. Problem.

    The USA is still not set to replace made-in-China
    products either in quantity or price. Can't be for
    quite awhile.

    One good note, a company called Nitron Magnetics
    broke ground in Minnesota this week. They have
    a new formula for strong magnets that does not
    require 'rare earths' - just a funky crystal
    form of iron nitride. Cheaper and China-free.
    EVs are hardly the only industry to badly need
    this sort of product. Anyway, estimates for
    15,000 tons in 2026 and up from there.

    --- Synchronet 3.21a-Linux NewsLink 1.2
  • From -hh@recscuba_google@huntzinger.com to talk.politics.misc,alt.politics.usa,alt.fan.rush-limbaugh on Fri Oct 10 21:05:50 2025
    From Newsgroup: alt.politics.usa

    On 10/10/25 20:47, c186282 wrote:
    Yep, it WAS Trump this time.

    Dow down more than 800, Tech-heavy NASDAQ maybe a
    proportionally larger drop.

    Around noon Trump said he was imposing an additional
    100% tariff on most Chinese exports - citing the lack
    of progress, foot dragging, on a better trade deal.

    He tried to cast shade on Norway for the Nobel ...
    ... but China decided to cast shade on his shade.

    Lucky he waited until Friday ...

    Accidental, but it does give him more time to TACO over the weekend to
    try to calm the Markets panic, because futures after today's bell are currently tanking pretty hard:

    DJIA F: -1118 (-2.40%)
    S&P F: -227 (-3.35%)
    NASDAQ F: -1101 (-4.35%)

    Woogh!


    One good note, a company called Nitron Magnetics
    broke ground in Minnesota this week. They have
    a new formula for strong magnets that does not
    require 'rare earths' - just a funky crystal
    form of iron nitride.

    Niron (no "t"). And not presently publicly traded. It originally was
    part of U of MN, and got seed money in the form of a $17.5M DARPA grant
    from DoE back in 2022:

    <https://cse.umn.edu/ece/news/niron-magnetics-company-rose-professor-jian-ping-wangs-research-awarded-175m-doe-grant>

    Good thing then that TACO's not cutting that ... er, nevermind.

    -hh
    --- Synchronet 3.21a-Linux NewsLink 1.2
  • From Governor Swill@governor.swill@gmail.com to talk.politics.misc,alt.politics.usa,alt.fan.rush-limbaugh on Sat Oct 11 23:10:04 2025
    From Newsgroup: alt.politics.usa

    On Fri, 10 Oct 2025 20:47:27 -0400, c186282 <c186282@nnada.net> wrote:

    One good note, a company called Nitron Magnetics
    broke ground in Minnesota this week. They have
    a new formula for strong magnets that does not
    require 'rare earths' - just a funky crystal
    form of iron nitride. Cheaper and China-free.
    EVs are hardly the only industry to badly need
    this sort of product. Anyway, estimates for
    15,000 tons in 2026 and up from there.

    Something to thank Joe Biden for.

    Nitron was part of the UofM until they got cash injections from Biden
    starting in 2022.

    <https://www.cbsnews.com/minnesota/news/niron-magnetics-minneapolis-electronic-manufacturing/>
    --

    "The next voice you hear will be your own."


    --- Synchronet 3.21a-Linux NewsLink 1.2