Trumpenomics
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Yes, in the interest of fairness, it is worth noting that the EU and Japan have approached us since the announcement to discuss purchasing large amounts of LNG and a few other items.
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Still, it has the feel of passing a truck in the opposite lane while staring at an 18 wheeler closing quickly. We're playing chicken with some interesting consequences. Bonds and borrowing - may not perform as predicted should the US become a Perahia in the world market. These tariffs aren't "reciprocal" inasmuch as some of them are against countries with little to no tariffs - and as much as Trump thinks everyone loves a bully, yeah - not so much. Liberation Day may turn out to be the day China's success became assured.
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Here we go...Vietnam wants a tariff of zero. Trump wants to deal...
@Jolly said in Trumpenomics:
Here we go...
VietnamNike wants a tariff of zero. Trump wants to deal...FIFY. Vietnam is the junior partner.
But you knew that already.
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Still, it has the feel of passing a truck in the opposite lane while staring at an 18 wheeler closing quickly. We're playing chicken with some interesting consequences. Bonds and borrowing - may not perform as predicted should the US become a Perahia in the world market. These tariffs aren't "reciprocal" inasmuch as some of them are against countries with little to no tariffs - and as much as Trump thinks everyone loves a bully, yeah - not so much. Liberation Day may turn out to be the day China's success became assured.
@kluurs said in Trumpenomics:
Still, it has the feel of passing a truck in the opposite lane while staring at an 18 wheeler closing quickly. We're playing chicken with some interesting consequences. Bonds and borrowing - may not perform as predicted should the US become a Perahia in the world market. These tariffs aren't "reciprocal" inasmuch as some of them are against countries with little to no tariffs - and as much as Trump thinks everyone loves a bully, yeah - not so much. Liberation Day may turn out to be the day China's success became assured.
As Shapiro noted, most of these trade deficits are due to the nations A) being much smaller, there simply isn’t enough demand for US products in countries that size to match the US interest in their products and B) very poor. Vietnam has a GDP Per Capita of $4,289 with a median income of $7200 per year. How the hell do you expect them to make up a $125 Billion trade deficit? Ridiculous.
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I would expect a prosperous nation of consumers to have huge trade deficits with less prosperous nations.
I wish I knew how trade deficits got confused with tariff differences. But it's not confusion, it's just opportunistic false messaging.
Education is extremely important.
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It’s not a trade deficit. They exchanged goods for dollars. It’s an equal and satisfactory exchange.
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I would expect a prosperous nation of consumers to have huge trade deficits with less prosperous nations.
I wish I knew how trade deficits got confused with tariff differences. But it's not confusion, it's just opportunistic false messaging.
@Horace said in Trumpenomics:
I would expect a prosperous nation of consumers to have huge trade deficits with less prosperous nations.
I wish I knew how trade deficits got confused with tariff differences. But it's not confusion, it's just opportunistic false messaging.
“Trade Barriers” = lower wages is equivalent to a tariff.
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Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
“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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Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
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Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
@Jolly said in Trumpenomics:
Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
That makes 0 sense in regards to the actions being taken. You realize that S Korea and fucking Japan have just agreed to act in concert with China in response? He is strengthening China.
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@Jolly said in Trumpenomics:
Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
That makes 0 sense in regards to the actions being taken. You realize that S Korea and fucking Japan have just agreed to act in concert with China in response? He is strengthening China.
@LuFins-Dad said in Trumpenomics:
@Jolly said in Trumpenomics:
Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
That makes 0 sense in regards to the actions being taken. You realize that S Korea and fucking Japan have just agreed to act in concert with China in response? He is strengthening China.
As Shapiro notes, other nations have to cooperate for any of this to play to America's advantage. China has a lot more staying power through pain, with its permanent government. They won't cooperate. They'll just wait.
Education is extremely important.
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I still do think there’s a bit off a show going on. While I don’t expect politicians to be as smart as most of us on the forum, I do expect them to at least be smarter than Ax… And this is idiotic by even his standards.
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This would make a great rollercoaster design,..
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But speaking as a father of a 5 year old, still better than the alternative.
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Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
@Jolly said in Trumpenomics:
Y'all may not believe it, but Donald J. Trump is a master at holding a grudge.
Word is, his State Department (and Trump) were pissed during Trump's first term, because of China's reluctance to come anywhere near reciprocity on tariffs.
Maybe...There are countries we are willing to run trade deficits with. Countries we know are not going to buy much from us.
Maybe Trump is willing to let countries run a trade surplus against us, if we have low, reciprocal tariffs. Maybe we try to cut China out in favor of Vietnam or India.
I dunno.
But I think it's fixin' to get interesting...
I was only joking
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Is it ok for the rest of the GOP to call Trump stupid yet? I hope we get there sooner than later.
Trump has the ability to remain retarded longer than we can remain solvent.
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Is it ok for the rest of the GOP to call Trump stupid yet? I hope we get there sooner than later.
Trump has the ability to remain retarded longer than we can remain solvent.
The 5D chess player has misplaced his anal beads.
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Is it ok for the rest of the GOP to call Trump stupid yet? I hope we get there sooner than later.
Trump has the ability to remain retarded longer than we can remain solvent.
@xenon said in Trumpenomics:
Is it ok for the rest of the GOP to call Trump stupid yet? I hope we get there sooner than later.
Trump has the ability to remain retarded longer than we can remain solvent.
Even Ted Cruz is showing some discontent.
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