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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote last edited by
    #640

    Now I don’t expect it to work…

    The Brad

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote last edited by
      #641

      The issue is that America has to trust that Trump will respond if his economic decisions are hurting us, by numbers such as joblessness and inflation. America has to trust that he'll change course even if his ego is tied up in a battle with Xi. I'm not sure that reasonable Trump whisperers would trust that.

      Education is extremely important.

      1 Reply Last reply
      • jon-nycJ jon-nyc

        Do we have any Tata cars in the US? And who’s Geely?

        taiwan_girlT Offline
        taiwan_girlT Offline
        taiwan_girl
        wrote last edited by
        #642

        @jon-nyc said in Trumpenomics:

        Do we have any Tata cars in the US? And who’s Geely?

        Tata is out of India. A huge "chaebol". Started out in cotton (I think). Kind of like FPC group in Taiwan and Mr. Hwang (though he started out in rice), which grew from selling one product and expanded a lot.

        Geely is a big China car maker. I believe that they own Volvo now.

        KlausK 1 Reply Last reply
        • 89th8 89th

          An odd situation. The Chinese economy is under stress (real estate, demographics, etc), and they are highly reliant on exports. Then again, there are other customers to export to than the USA. On our side, the USA is highly reliant on Chinese exports both for end products but also supply chain for so many companies. Really it seems to be more about two power egos fighting it out than realistic long-term international trade objectives. Not sure how it plays out but it will be interesting to see in a year or so how it compares to December 2024 numbers.

          taiwan_girlT Offline
          taiwan_girlT Offline
          taiwan_girl
          wrote last edited by
          #643

          @89th said in Trumpenomics:

          The Chinese economy is under stress (real estate, demographics, etc), and they are highly reliant on exports. Then again, there are other customers to export to than the USA.

          This. I know some people in the oil/petrochemical business and the word is that the Chinese are dropping the price of petrochemicals as there is lessening internal demand in China and possible loss of any US market (for plastics for example which come from p-xylene). So, they are ramping up exports to countries that they normally do not export to.

          Im sure that other products will follow this.

          1 Reply Last reply
          • taiwan_girlT taiwan_girl

            @jon-nyc said in Trumpenomics:

            Do we have any Tata cars in the US? And who’s Geely?

            Tata is out of India. A huge "chaebol". Started out in cotton (I think). Kind of like FPC group in Taiwan and Mr. Hwang (though he started out in rice), which grew from selling one product and expanded a lot.

            Geely is a big China car maker. I believe that they own Volvo now.

            KlausK Offline
            KlausK Offline
            Klaus
            wrote last edited by
            #644

            @taiwan_girl said in Trumpenomics:

            @jon-nyc said in Trumpenomics:

            Do we have any Tata cars in the US? And who’s Geely?

            Tata is out of India. A huge "chaebol". Started out in cotton (I think). Kind of like FPC group in Taiwan and Mr. Hwang (though he started out in rice), which grew from selling one product and expanded a lot.

            Geely is a big China car maker. I believe that they own Volvo now.

            Tata makes pretty cool off-road trucks.

            36b8157c-bc7d-4e76-b820-f4f2171b8ae1-image.png

            1 Reply Last reply
            • AxtremusA Offline
              AxtremusA Offline
              Axtremus
              wrote last edited by
              #645

              IMG_7457.jpeg

              Source: https://www.linkedin.com/posts/activity-7316152556559261696-ZT-P

              1 Reply Last reply
              • jon-nycJ Online
                jon-nycJ Online
                jon-nyc
                wrote last edited by
                #646

                Im happy to see this obviously but what a way to undermine their own arguments.

                This is the largest category of imports we have with them.

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote last edited by jon-nyc
                  #647

                  Though maybe he’s only exempting them from the more recent punitive measures and not the original 25 or 35 or whatever it was.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • AxtremusA Offline
                    AxtremusA Offline
                    Axtremus
                    wrote last edited by
                    #648

                    @Jolly , tell me what you believe Trump is thinking by exempting smartphones, computers, and other electronics from tariffs. Thanks.

                    1 Reply Last reply
                    • A Online
                      A Online
                      AndyD
                      wrote last edited by
                      #649

                      In a week when I've heard of pretty ordinary folk losing £10-20k in shares & savings, this tariff rollercoaster has certainly had a mindset effect on me; and I'm guessing the same effect on millions of other ordinary folk in the US and China etc...

                      In my case I bought a medium sized 5-shotgun cabinet for use as a small safe.
                      Made in England.

                      1 Reply Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote last edited by
                        #650

                        It's all imaginary money until you access it.

                        In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.

                        The market goes up and it goes down. Never have all your investments in the stock market.

                        “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
                        • JollyJ Jolly

                          It's all imaginary money until you access it.

                          In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.

                          The market goes up and it goes down. Never have all your investments in the stock market.

                          HoraceH Offline
                          HoraceH Offline
                          Horace
                          wrote last edited by
                          #651

                          @Jolly said in Trumpenomics:

                          Never have all your investments in the stock market.

                          Buffet's advice to his wife after he passes, is to have 90% of their assets in an S&P index fund, and 10% in government bonds. So, not all in the market, but substantially all.

                          Education is extremely important.

                          1 Reply Last reply
                          • jon-nycJ Online
                            jon-nycJ Online
                            jon-nyc
                            wrote last edited by
                            #652

                            Right but Buffet’s wife’s standard of living won’t change if she takes a 30% hit in her equities.

                            When you’ve made just enough, you need to be more conservative as you age so you don’t get clobbered by a downturn that you don’t have time to recover from. When you’ve made far more than you’d ever need, you can invest for future generations (ie the long term) even if you’re 85.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            1 Reply Last reply
                            • jon-nycJ Online
                              jon-nycJ Online
                              jon-nyc
                              wrote last edited by
                              #653

                              The Wall Street editor of The Economist magazine had this to say about the exemption for Chinese made electronics:

                              If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              1 Reply Last reply
                              • HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote last edited by
                                #654

                                I guess he has those people in the bag politically anyway. The people with 401ks and a nest egg to protect, on the other hand, were probably easy swing voters.

                                Education is extremely important.

                                1 Reply Last reply
                                • jon-nycJ Online
                                  jon-nycJ Online
                                  jon-nyc
                                  wrote last edited by
                                  #655

                                  Only non-witches get due process.

                                  • Cotton Mather, Salem Massachusetts, 1692
                                  jon-nycJ 1 Reply Last reply
                                  • jon-nycJ Online
                                    jon-nycJ Online
                                    jon-nyc
                                    wrote last edited by
                                    #656

                                    Another take on the asininity of the current situation

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    1 Reply Last reply
                                    • AxtremusA Offline
                                      AxtremusA Offline
                                      Axtremus
                                      wrote last edited by
                                      #657

                                      Maybe we just don't understand what Trump is getting at.
                                      @Jolly, tell us what you believe Trump is thinking by exempting smartphones, computers, and other electronics from tariffs. Thanks.

                                      1 Reply Last reply
                                      • HoraceH Offline
                                        HoraceH Offline
                                        Horace
                                        wrote last edited by
                                        #658

                                        It's all so completely absurd.

                                        Education is extremely important.

                                        1 Reply Last reply
                                        • jon-nycJ jon-nyc

                                          jon-nycJ Online
                                          jon-nycJ Online
                                          jon-nyc
                                          wrote last edited by jon-nyc
                                          #659

                                          @jon-nyc said in Trumpenomics:

                                          ChatGPT gave me an estimate of 4-7 years to build a large aluminum smelting plant in the US at a cost of ~$5B per million tons of annual output. Oh and that assumes you have 15-20 terawatt hours per year of electricity generation nearby, enough to power about 1MM homes.

                                          So yeah, no one’s doing that based on a tariff that might not last until June, let alone 2030.

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
                                          1 Reply Last reply
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