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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • 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
                                      • jon-nycJ Online
                                        jon-nycJ Online
                                        jon-nyc
                                        wrote last edited by
                                        #660

                                        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
                                          #661

                                          We import >80% of our rare earths from China.

                                          I wonder if they’ve told Trump to request a call.

                                          Only non-witches get due process.

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