Trumpenomics

xenon

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.

https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/

Horace

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.

Renauda

It's fine to criticize Trump, if it's warranted. Around here, demonize is a more common modality.

Kindly spare us the melodrama of your personal thoughts regarding Trump’s victimhood. It has a particularly disingenuous odour surrounding it..

Doctor Phibes

@Horace said in Trumpenomics:

I don't think Trump will be backing off.

Not unless some more Republicans decide to grow a backbone.

Axtremus

@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.

https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/

Note in the chart there are fine prints that say "Includes Currency Manipulations and Trade Barriers."

Axtremus

@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.

LuFins Dad

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%?)

89th

"...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!

https://www.reddit.com/r/StockMarket/comments/1jq86vf/2_trillion_liquidated_in_roughly_20_seconds_as/

Source: https://www.macrotrends.net/2481/stock-market-performance-by-president

LuFins Dad

Great sale on Wall Street, today. Might even reach BOGO level discounts!

LuFins Dad

The truly troubling thing has been the threats against companies raising their prices…

89th

It's ok guys, Trump knows what he's doing. He's never bankrupted every company his name has touched before.

LuFins Dad

And yet, amazingly, still better than the other option.

Axtremus

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.

Doctor Phibes

@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'!

89th

I am hopeful this is a 4D chess move where Trump tanks the market, then over the next 3 years "no one has made the stock market go up 200% in 3 years!"... like a cursive capital V.

LuFins Dad

@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.

Doctor Phibes

@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.

Renauda

@LuFins-Dad

. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

Rand Paul is a lonely voice in the current GOP echo chamber.

Doctor Phibes

@Renauda said in Trumpenomics:

@LuFins-Dad

. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

Rand Paul is a lonely voice in the current GOP echo chamber.

He's been accused of having TDS, predictably

xenon

It’s TDS to think the largest tax hike in history should go through Congress.

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Trumpenomics