Trumpenomics
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We've already seen this movie in the 60's and 70's in the US auto market. The US auto industry got protections, and got bloated. Japanese outcompeted them. Then when trade was eventually liberalized the Japanese dominated.
Trump probably holding on to the losing side of that argument since the 70s.
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We've already seen this movie in the 60's and 70's in the US auto market. The US auto industry got protections, and got bloated. Japanese outcompeted them. Then when trade was eventually liberalized the Japanese dominated.
Trump probably holding on to the losing side of that argument since the 70s.
@xenon said in Trumpenomics:
We've already seen this movie in the 60's and 70's in the US auto market. The US auto industry got protections, and got bloated. Japanese outcompeted them. Then when trade was eventually liberalized the Japanese dominated.
Trump probably holding on to the losing side of that argument since the 70s.
Don’t forget electronics… Oh, those halcyon days of Pioneer and Magnavox… Sony? Nobody would buy that piece of shit….
Of course, instead of coming out behind Japan and eventually South Korea, this time it will be China and India.
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@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago.
Yeah, and Reagan smacked him around over it pretty damn good. It’s okay to criticize him, Jolly.
@LuFins-Dad said in Trumpenomics:
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago.
Yeah, and Reagan smacked him around over it pretty damn good. It’s okay to criticize him, Jolly.
I just explained that Trump's view on tariffs is nothing new.
It's fine to criticize Trump, if it's warranted. Around here, demonize is a more common modality.
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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.
It's some bullshit calculation based on the trade deficit.
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Semiconductors are excluded specifically, but all those stocks are down as much as everything else. It'll take a while for this to settle out. I don't think Trump will be backing off.
@Horace said in Trumpenomics:
I don't think Trump will be backing off.
Not unless some more Republicans decide to grow a backbone.
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@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.
It's some bullshit calculation based on the trade deficit.
@xenon said in Trumpenomics:
@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.
It's some bullshit calculation based on the trade deficit.
Note in the chart there are fine prints that say "Includes Currency Manipulations and Trade Barriers."
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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.
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
Yes, voters knew or should have known before the last election that Trump will bring about high tariffs if he wins.
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My guess is they need 9 R senators and 2 House Members to strip Trump of the tariff ability. (I assume this is a 60 vote thing for the senate? Not 50%?)
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"...the stock market went up 88% in my first term... more than any president has had in any term in office... BY FAR."
You know... except for Clinton II, Reagan I, Roosevelt I, and Coolidge I.
Other than those President, Trump isn't lying!
Source: https://www.macrotrends.net/2481/stock-market-performance-by-president
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Great sale on Wall Street, today. Might even reach BOGO level discounts!
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The truly troubling thing has been the threats against companies raising their prices…
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And yet, amazingly, still better than the other option.
The Brad
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https://www.nytimes.com/live/2025/04/03/business/trump-tariffs
Which countries are spared?
... Moscow was spared because sanctions imposed on the country after its full-scale invasion of Ukraine in 2022 mean that U.S.-Russian trade had effectively stopped. North Korea, Cuba and Belarus, which are also subject to tough sanctions, were also excluded from the new levies.
Also an interesting contrast:
Iran [...] was hit with 10 percent tariffs, the lowest tier on the White House’s list and lower than the rate imposed on Israel, a staunch U.S. ally.
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And yet, amazingly, still better than the other option.
@LuFins-Dad said in Trumpenomics:
And yet, amazingly, still better than the other option.
After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!
I was only joking
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@LuFins-Dad said in Trumpenomics:
And yet, amazingly, still better than the other option.
After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!
@Doctor-Phibes said in Trumpenomics:
@LuFins-Dad said in Trumpenomics:
And yet, amazingly, still better than the other option.
After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!
This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.
The Brad
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@Doctor-Phibes said in Trumpenomics:
@LuFins-Dad said in Trumpenomics:
And yet, amazingly, still better than the other option.
After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!
This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.
@LuFins-Dad said in Trumpenomics:
This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.
In my analogy congress are throwing electrically conductive chum in the water.
