Trumpenomics
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I've been worried about the non-tariff retaliations myself. I can see countries saying - we're done with google, meta and amazon. Not allowed here.
@xenon said in Trumpenomics:
I've been worried about the non-tariff retaliations myself. I can see countries saying - we're done with google, meta and amazon. Not allowed here.
BC is still pondering whether to toll US truck transport using provincial highways and roads en route to Alaska. It has had to rewrite - for good reason, I might add - much of the legislation it had drafted two weeks ago that among other retaliatory measures, would have to enabled BC to levy tolls on all US commercial vehicles using BC roadways to Alaska.
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@Jolly said in Trumpenomics:
I'm just sitting back, enjoying the show.
It's a complete shitshow.
It's going to create severe hardship for millions, people with no savings, living on the breadline, dependent on jobs which will now vanish. Anyone sitting back enjoying this shitshow is a shit.You mentioned Larry, the piano expert and nasty bigot who wanted to round up all Arabs in America and send them all to the middle east. I doubt he would be sitting back enjoying the show.
May he RIP. -
This is starting to feel a lot like the 2008 panic and the 2020 COVID panic. I kinda think there is more than a bit of overreaction to this.
I think I’ve been blunt, I despise American Labor Unions. I think that they served a needed and valuable function 80 years ago, but are no longer needed, and have actually harmed American manufacturing extensively over the past 50 years. I also despise protectionist policies that go hand-in-hand with Union goals.
That being said, the response seems over the top. A little too much overreaction. Personally, I’ll tighten the belt a little (very glad the last tuition check has been cashed for Lucas) and will invest a little more aggressively over the next few weeks…
The Brad
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A look into an American small town where the people still large support Trump, tariffs and all:
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Many if not most non-US customers will have retaliatory tariffs on the US not on Europe. Also most of the major aircraft leasing companies ones are in Europe. Ireland specifically.
@jon-nyc said in Trumpenomics:
Many if not most non-US customers will have retaliatory tariffs on the US not on Europe. Also most of the major aircraft leasing companies ones are in Europe. Ireland specifically.
Where there is reciprocal tariffs, US buyers pay the tariffs that Boeing paid to import the parts, and European buyers pay the tariffs to import the entire Boeing aircraft; but European buyers would not pay tariffs on Airbus aircraft, thus it advantages aircraft in the European market. Is that right?
I guess the remaining work would be to untangle what tariffs, on either side of the Atlantic, that have existed for aircraft and aircraft parts before Trump imposed this later tariffs regime.
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@Jolly said in Trumpenomics:
I'm just sitting back, enjoying the show.
It's a complete shitshow.
It's going to create severe hardship for millions, people with no savings, living on the breadline, dependent on jobs which will now vanish. Anyone sitting back enjoying this shitshow is a shit.You mentioned Larry, the piano expert and nasty bigot who wanted to round up all Arabs in America and send them all to the middle east. I doubt he would be sitting back enjoying the show.
May he RIP.@AndyD said in Trumpenomics:
@Jolly said in Trumpenomics:
I'm just sitting back, enjoying the show.
It's a complete shitshow.
It's going to create severe hardship for millions, people with no savings, living on the breadline, dependent on jobs which will now vanish. Anyone sitting back enjoying this shitshow is a shit.You mentioned Larry, the piano expert and nasty bigot who wanted to round up all Arabs in America and send them all to the middle east. I doubt he would be sitting back enjoying the show.
May he RIP.World ends Monday.
Women and children to suffer most.
I still like ol' Larry. And I still think you're an opportunistic pissant.
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Foreign trade is basically an 80/20 issue, in favor of its benefits to America. I think this issue will move votes more than most issues, if people see their retirements crash, and stay crashed.
https://news.gallup.com/poll/657581/americans-foreign-policy-priorities-nato-support-unchanged.aspx
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Spending some time looking through comments on Social Media, a lot of folks really don't understand what's about to happen. They're quite sanguine about tariffs as in "they'll not affect me" or "I don't have a 401K" or "I buy AMERICAN - so what's the problem?" "Trump is playing chess while those stupid economists are playing checkers...haha!"
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Nobody with no skin in the game should care, any more than a renter would care if home prices cratered. They actually benefit from that, and that's understandable. But I figure that the net movement of votes due to a crash like this would be from Republican to Democrat, sharply so.
Not to mention that the crash is just a forward indicator of corporate profit destruction, which will necessarily destroy jobs.
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The tariffs will be bad. The overreaction to the tariffs will likely be worse.
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The tariffs will be bad. The overreaction to the tariffs will likely be worse.
@LuFins-Dad said in Trumpenomics:
The tariffs will be bad. The overreaction to the tariffs will likely be worse.
Well, at least that will give Trump somebody to blame for the completely unnecessary situation which he has created pretty much single-handedly.
When people say to me 'you know, one man really can't make a difference', I can say 'Yeah? Well what about Donald Trump?'
I know, I know, we've got TDS. We're the problem here.
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More and more I am feeling like the overreaction is what he is looking for. He wants the panic, he wants the global markets to temporarily tank. He wants everyone’s sphincters to get tight enough to turn a turd into a diamond. While we’re all sitting here, bitching and moaning that restoring American manufacturing can’t happen without months/years of buildup, and while we’re bitching that this drives away our allies straight into the arms of China, and no countries will want to have anything to do with us, that’s simply inaccurate. The fact is that we’re not going to instantly become irrelevant in a brand new world order. We’re not going to instantly lose all economic power in the world at large. Ultimately, most countries will still earnestly try to finds some type of accommodations no matter how pissed they are (and probably rightfully so). The more we sit here and envision worse and worse outcomes, the more the global market tanks, the more leverage he has in the negotiations.
The more pissed you are, the more scared you are, the more credibility you give this threat, the more actual leverage and power you give the asshat. And over nothing. The guy is still infatuated with his legacy. He’s not going to kill the global economy, and while he’s not as brilliant as he or the MAGATS believe, he’s not as stupid as @Axtremus …. believes he is… But he is a hardass, and youn’z are feeding right in.
The Brad
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I’ll put a bottle of decent booze on the line that says the market is trading at least at 43.5K in September, 2025.
