Trumpenomics
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@jon-nyc said in Trumpenomics:
Suck it up, 401(k) people. Suck it up. We’re storming the beaches of Normandy.
Ah, the old 'Compare it to WW2' ploy. It seems to work for Nigel Farage. Maybe Trump will appear in green wellingtons and a stupid hat next, pretending to be a farmer.
Some British wag suggested that Britain could revitalize the British aerospace industry following Brexit by going back to building Spitfires and Lancaster bombers.
The funniest one is when people talk about 'The Dunkirk Spirit'. Because coping with humiliating defeats is what Brits do best.
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@Horace said in Trumpenomics:
Trump announced, and now, market is crashing. Bigly.
The home of the brave and the land of the mark up.
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I don’t understand how you let one idiot take down a country like this. There is no national emergency.
Name a single executive order by previous Presidents that’s even in the same galaxy as impactful as this.
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And there's just no point to any of it. Our savings are being tanked, in order to initiate a process which will end up with higher prices on everything.
For factory jobs, I guess. More factory jobs.
Education is extremely important.
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I don’t understand how you let one idiot take down a country like this. There is no national emergency.
Name a single executive order by previous Presidents that’s even in the same galaxy as impactful as this.
@xenon said in Trumpenomics:
I don’t understand how you let one idiot take down a country like this. There is no national emergency.
Name a single executive order by previous Presidents that’s even in the same galaxy as impactful as this.
The only possible excuse is "It's a negotiating tactic".
Trump's problem is he really believes he's a genius. Dunning Kruger.
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So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?
For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.
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And there's just no point to any of it. Our savings are being tanked, in order to initiate a process which will end up with higher prices on everything.
For factory jobs, I guess. More factory jobs.
@Horace said in Trumpenomics:
And there's just no point to any of it. Our savings are being tanked, in order to initiate a process which will end up with higher prices on everything.
For factory jobs, I guess. More factory jobs.
Finally our kids can work in sock factories instead of those damned Vietnamese.
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So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?
For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.
@LuFins-Dad said in Trumpenomics:
So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?
For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.
Average effective tariffs across the developed world is pretty low. Typically ~2%.
Now the issue is people don’t trade tariffed goods, because… they’re tariffed. So you get to play the game of hypotheticals.
These are not effective, paid tariffs.
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And can somebody explain to me why the countries have been the most restrictive only get 50% reciprocal (Laos has a 90% barrier, and we are reciprocating at 45%, but allies at 10% are getting exactly the same?
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I don’t understand how you let one idiot take down a country like this. There is no national emergency.
Name a single executive order by previous Presidents that’s even in the same galaxy as impactful as this.
@xenon said in Trumpenomics:
I don’t understand how you let one idiot take down a country like this. There is no national emergency.
Name a single executive order by previous Presidents that’s even in the same galaxy as impactful as this.
It’s not 1 idiot. It’s also idiots in Congress that won’t put together enough votes to strip him of the tariff power.
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When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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And can somebody explain to me why the countries have been the most restrictive only get 50% reciprocal (Laos has a 90% barrier, and we are reciprocating at 45%, but allies at 10% are getting exactly the same?
@LuFins-Dad said in Trumpenomics:
And can somebody explain to me why the countries have been the most restrictive only get 50% reciprocal (Laos has a 90% barrier, and we are reciprocating at 45%, but allies at 10% are getting exactly the same?
The allies aren't at 10%. Notice, coincidently, 10 is lowest anyone goes.
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When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
