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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • jon-nycJ jon-nyc

    @LuFins-Dad

    Bessent seems to be pushing him toward negotiations, Miller and Navarro for permanence.

    Today the White House retweeted and then deleted a tweet from Navarro saying they were here to stay.

    Seems like a battle is going on.

    https://www.politico.com/news/2025/04/07/trump-bessent-trade-deals-tariff-endgame-messaging-00277395

    LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote on last edited by
    #544

    @jon-nyc said in Trumpenomics:

    @LuFins-Dad

    Bessent seems to be pushing him toward negotiations, Miller and Navarro for permanence.

    Today the White House retweeted and then deleted a tweet from Navarro saying they were here to stay.

    Seems like a battle is going on.

    https://www.politico.com/news/2025/04/07/trump-bessent-trade-deals-tariff-endgame-messaging-00277395

    Elon and Navarro are going at it.

    The Brad

    1 Reply Last reply
    • LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote on last edited by
      #545

      Elon has been very quiet about the tariffs until the last few days.

      The Brad

      1 Reply Last reply
      • jon-nycJ Online
        jon-nycJ Online
        jon-nyc
        wrote on last edited by
        #546

        Yeah. Very quiet.

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        LuFins DadL 1 Reply Last reply
        • jon-nycJ jon-nyc

          Yeah. Very quiet.

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #547

          @jon-nyc said in Trumpenomics:

          Yeah. Very quiet.

          But not so much the last two days. What happens as the split widens over tariffs?

          The Brad

          1 Reply Last reply
          • RenaudaR Offline
            RenaudaR Offline
            Renauda
            wrote on last edited by Renauda
            #548

            Musk has now called out Navarro as being “dumber than a sack of bricks”:

            https://www.bbc.com/news/articles/cdrgx4ky1xxo

            Sounds like the malice in wonderland theatrical hit of the first term may be on for an encore.

            Elbows up!

            1 Reply Last reply
            • HoraceH Online
              HoraceH Online
              Horace
              wrote on last edited by
              #549

              Trump just posted about all of the "negotiations" he's doing with other countries. That is an easy off-ramp from the tariffs, if he chooses to take it.

              Education is extremely important.

              1 Reply Last reply
              • JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by Jolly
                #550

                Don't buy the bullshit.

                Example: On supposedly Black Monday, CNN was running the stock tickers all day and telling us all how bad Trump had screwed up.

                Today, the market is up a bit and a stock ticker is no longer scrolling across the bottom of the screen. The media is going to do everything it can to generate clicks through Trump doomporn.

                I haven't been adding to my investments in awhile. I think today I start dollar averaging the Roth and will continue to do so for the next 18 months.

                “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

                HoraceH 1 Reply Last reply
                • LuFins DadL Offline
                  LuFins DadL Offline
                  LuFins Dad
                  wrote on last edited by
                  #551

                  Okay, so moving beyond the outright tariff policies, there has been a lot of talk about non-tariff trade barriers including currency manipulation. Is that accurate? And what are the other trade barriers they are alluding to?

                  And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                  The Brad

                  HoraceH jon-nycJ 2 Replies Last reply
                  • LuFins DadL LuFins Dad

                    Okay, so moving beyond the outright tariff policies, there has been a lot of talk about non-tariff trade barriers including currency manipulation. Is that accurate? And what are the other trade barriers they are alluding to?

                    And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                    HoraceH Online
                    HoraceH Online
                    Horace
                    wrote on last edited by
                    #552

                    @LuFins-Dad said in Trumpenomics:

                    Okay, so moving beyond the outright tariff policies, there has been a lot of talk about non-tariff trade barriers including currency manipulation. Is that accurate? And what are the other trade barriers they are alluding to?

                    I think they've pivoted to this because they can hand-wave "non-tariff barriers", but not tariffs, which are publicly known and unambiguous. The example of a non-tariff barrier I've heard them use is a VAT, or sales tax, in Europe, and I've heard that calling that a barrier is nonsense, because it applies to Europe's own domestic products too.

                    And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                    I'm hoping "trade deficits" are computed per-capita. They still wouldn't be a bad thing per se, but at least they would be a reasonable thing to talk about.

                    Education is extremely important.

                    89th8 1 Reply Last reply
                    • JollyJ Jolly

                      Don't buy the bullshit.

                      Example: On supposedly Black Monday, CNN was running the stock tickers all day and telling us all how bad Trump had screwed up.

                      Today, the market is up a bit and a stock ticker is no longer scrolling across the bottom of the screen. The media is going to do everything it can to generate clicks through Trump doomporn.

                      I haven't been adding to my investments in awhile. I think today I start dollar averaging the Roth and will continue to do so for the next 18 months.

                      HoraceH Online
                      HoraceH Online
                      Horace
                      wrote on last edited by
                      #553

                      @Jolly said in Trumpenomics:

                      Don't buy the bullshit.

                      I don't think the damage done to the world economy by universal tariffs, is bullshit.

                      There is a case to be made that a more protectionist America is a more economically resilient America, so there is that, but the economic efficiency of tariff-free trading will be missed hugely, and everybody will feel it, if it goes.

                      Education is extremely important.

                      1 Reply Last reply
                      • 89th8 Offline
                        89th8 Offline
                        89th
                        wrote on last edited by 89th
                        #554

                        It was only the worst 3-day run for the S&P since the 1987 crash, and as CNN displayed the ticker, Fox removed their stock ticker for the first time to hide the news from granny in the nursing home.

                        1 Reply Last reply
                        • HoraceH Horace

                          @LuFins-Dad said in Trumpenomics:

                          Okay, so moving beyond the outright tariff policies, there has been a lot of talk about non-tariff trade barriers including currency manipulation. Is that accurate? And what are the other trade barriers they are alluding to?

                          I think they've pivoted to this because they can hand-wave "non-tariff barriers", but not tariffs, which are publicly known and unambiguous. The example of a non-tariff barrier I've heard them use is a VAT, or sales tax, in Europe, and I've heard that calling that a barrier is nonsense, because it applies to Europe's own domestic products too.

                          And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                          I'm hoping "trade deficits" are computed per-capita. They still wouldn't be a bad thing per se, but at least they would be a reasonable thing to talk about.

                          89th8 Offline
                          89th8 Offline
                          89th
                          wrote on last edited by
                          #555

                          @Horace said in Trumpenomics:

                          And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                          I'm hoping "trade deficits" are computed per-capita. They still wouldn't be a bad thing per se, but at least they would be a reasonable thing to talk about.

                          I'm a bit concerned there is a concern about trade deficits in the first place. They aren't inherently bad, and one could argue in the current environment, they're actually a good thing most of the time. We're also in a global economy...different countries produce different goods with respective efficiencies. Let USA focus on what we're good at, let China do what they're good at. Plus it promotes peace, to an extent, too.

                          1 Reply Last reply
                          • Doctor PhibesD Offline
                            Doctor PhibesD Offline
                            Doctor Phibes
                            wrote on last edited by
                            #556

                            The idea that trade deficits are inherently bad really is surprisingly stupid. Does Trump actually believe this?

                            I was only joking

                            RenaudaR 1 Reply Last reply
                            • LuFins DadL LuFins Dad

                              Okay, so moving beyond the outright tariff policies, there has been a lot of talk about non-tariff trade barriers including currency manipulation. Is that accurate? And what are the other trade barriers they are alluding to?

                              And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                              jon-nycJ Online
                              jon-nycJ Online
                              jon-nyc
                              wrote on last edited by
                              #557

                              @LuFins-Dad said in Trumpenomics:

                              And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                              Buy more weapons.

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              kluursK 1 Reply Last reply
                              • Doctor PhibesD Doctor Phibes

                                The idea that trade deficits are inherently bad really is surprisingly stupid. Does Trump actually believe this?

                                RenaudaR Offline
                                RenaudaR Offline
                                Renauda
                                wrote on last edited by Renauda
                                #558

                                @Doctor-Phibes

                                The idea that trade deficits are inherently bad really is surprisingly stupid. Does Trump actually believe this?

                                Yes, I am convinced he actually does. He also equates purchasing something as a subsidy. He is quite thick headed that way.

                                Elbows up!

                                1 Reply Last reply
                                • LuFins DadL Offline
                                  LuFins DadL Offline
                                  LuFins Dad
                                  wrote on last edited by
                                  #559

                                  Broad swaths of Western PA, Eastern Ohio, and Michigan view trade deficits as the reason why they and their communities are riddled with drugs, overdoses, and rusted out husks of factories. They don’t blame their unions, which essentially drove the factories into bankruptcy, but instead blame the foreign manufacturers. Japanese steel, in particular. Trump feels beholden to those groups. They got him elected, after all.

                                  The Brad

                                  RenaudaR Doctor PhibesD 2 Replies Last reply
                                  • jon-nycJ jon-nyc

                                    @LuFins-Dad said in Trumpenomics:

                                    And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                                    Buy more weapons.

                                    kluursK Offline
                                    kluursK Offline
                                    kluurs
                                    wrote on last edited by
                                    #560

                                    @jon-nyc said in Trumpenomics:

                                    @LuFins-Dad said in Trumpenomics:

                                    And as a side note, Netanyahu is now saying he planes on eliminating the trade deficit between Israel and the US. Please explain to me how a nation of 10M can possibly equal the economic consumption of a nation of 350M? Especially when much of that trade is based on precious jewels, which the US has little industry in mining…

                                    Buy more weapons.

                                    We'll have to give them more money to do that - so perhaps, they should arrange to contribute more to Trump, his relative and of course, to member of congress and their families.

                                    1 Reply Last reply
                                    • LuFins DadL LuFins Dad

                                      Broad swaths of Western PA, Eastern Ohio, and Michigan view trade deficits as the reason why they and their communities are riddled with drugs, overdoses, and rusted out husks of factories. They don’t blame their unions, which essentially drove the factories into bankruptcy, but instead blame the foreign manufacturers. Japanese steel, in particular. Trump feels beholden to those groups. They got him elected, after all.

                                      RenaudaR Offline
                                      RenaudaR Offline
                                      Renauda
                                      wrote on last edited by Renauda
                                      #561

                                      @LuFins-Dad

                                      Broad swaths of Western PA, Eastern Ohio, and Michigan view trade deficits as the reason why they and their communities are riddled with drugs, overdoses, and rusted out husks of factories. They don’t blame their unions, which essentially drove the factories into bankruptcy, but instead blame the foreign manufacturers. Japanese steel, in particular. Trump feels beholden to those groups. They got him elected, after all.

                                      That very well may be the case, although I hope the angry proletarian rabble understands that it is just a matter of time before Trump will turn against their sacred cow labour unions. Cost of hourly US labour plus benefits is far too high for the Trump agenda (if there is indeed one) to even get off the ground.

                                      That may be the time you predicted to see Vance’s exit; either sidelined from the Emporer’s court or jettisoned altogether.

                                      Elbows up!

                                      1 Reply Last reply
                                      • jon-nycJ Online
                                        jon-nycJ Online
                                        jon-nyc
                                        wrote on last edited by
                                        #562

                                        He was elected. Trump can’t fire him.

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • LuFins DadL LuFins Dad

                                          Broad swaths of Western PA, Eastern Ohio, and Michigan view trade deficits as the reason why they and their communities are riddled with drugs, overdoses, and rusted out husks of factories. They don’t blame their unions, which essentially drove the factories into bankruptcy, but instead blame the foreign manufacturers. Japanese steel, in particular. Trump feels beholden to those groups. They got him elected, after all.

                                          Doctor PhibesD Offline
                                          Doctor PhibesD Offline
                                          Doctor Phibes
                                          wrote on last edited by Doctor Phibes
                                          #563

                                          @LuFins-Dad said in Trumpenomics:

                                          Broad swaths of Western PA, Eastern Ohio, and Michigan view trade deficits as the reason why they and their communities are riddled with drugs, overdoses, and rusted out husks of factories. They don’t blame their unions, which essentially drove the factories into bankruptcy, but instead blame the foreign manufacturers. Japanese steel, in particular. Trump feels beholden to those groups. They got him elected, after all.

                                          Right, so he thinks (or pretends to, at least) that he can make US manufacturing competitive without reducing the salaries to competitive levels by taxing the shit out of foreign products and we can all go back to living in the golden age of the 1970's.

                                          Funnily enough, I remember the 1970's as being a bit shit, to be honest.

                                          I was only joking

                                          LuFins DadL 1 Reply Last reply
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