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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote last edited by
    #731

    Amazing what little support he has for this shit. And yet the house gop still sits paralyzed.

    IMG_4528.jpeg

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    1 Reply Last reply
    • 89th8 Offline
      89th8 Offline
      89th
      wrote last edited by
      #732

      It's ironic since they'll be massacred in 2026 anyway, as if Trump's support will be helpful then. It'll be a repeat of 2018, but on Solfeggio steroids.

      LuFins DadL 1 Reply Last reply
      • A Online
        A Online
        AndyD
        wrote last edited by
        #733

        Thing is as China and America face off, it seems clear one has a massive advantage...
        A country led by a brutal autocrat unmindful of his peoples suffering and perfectly willing to give up their living standards to win whatever the cost.
        But Xi is a tough old bastard too so let's not write off China just yet.

        1 Reply Last reply
        • 89th8 89th

          It's ironic since they'll be massacred in 2026 anyway, as if Trump's support will be helpful then. It'll be a repeat of 2018, but on Solfeggio steroids.

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote last edited by
          #734

          @89th said in Trumpenomics:

          It's ironic since they'll be massacred in 2026 anyway, as if Trump's support will be helpful then. It'll be a repeat of 2018, but on Solfeggio steroids.

          Why do you say that? Trump actually has a more people liking him than ever before and has fewer people disliking him than ever before…

          IMG_3963.png

          I mean, it’s nuts, but it’s where we are at…

          The Brad

          1 Reply Last reply
          • HoraceH Online
            HoraceH Online
            Horace
            wrote last edited by
            #735

            The world trade war has yet to make its effects felt, beyond a dip in the stock market which is still pricing in some optimism that sanity will prevail.

            Education is extremely important.

            LuFins DadL 1 Reply Last reply
            • HoraceH Horace

              The world trade war has yet to make its effects felt, beyond a dip in the stock market which is still pricing in some optimism that sanity will prevail.

              LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote last edited by
              #736

              @Horace said in Trumpenomics:

              The world trade war has yet to make its effects felt, beyond a dip in the stock market which is still pricing in some optimism that sanity will prevail.

              Okay. But, let’s lean into that optimism for a minute… What happens if over the next 60-80 days DJT does come to some new and more favorable trade deals? What happens if you see say another $1T in commitments to build new US factories? What happens to the market at that point? Especially if the tax cuts gets extended and the deregulation efforts take hold? What do you think the market looks like in September if we see these results?

              I

              The Brad

              HoraceH 1 Reply Last reply
              • LuFins DadL LuFins Dad

                @Horace said in Trumpenomics:

                The world trade war has yet to make its effects felt, beyond a dip in the stock market which is still pricing in some optimism that sanity will prevail.

                Okay. But, let’s lean into that optimism for a minute… What happens if over the next 60-80 days DJT does come to some new and more favorable trade deals? What happens if you see say another $1T in commitments to build new US factories? What happens to the market at that point? Especially if the tax cuts gets extended and the deregulation efforts take hold? What do you think the market looks like in September if we see these results?

                I

                HoraceH Online
                HoraceH Online
                Horace
                wrote last edited by
                #737

                @LuFins-Dad said in Trumpenomics:

                @Horace said in Trumpenomics:

                The world trade war has yet to make its effects felt, beyond a dip in the stock market which is still pricing in some optimism that sanity will prevail.

                Okay. But, let’s lean into that optimism for a minute… What happens if over the next 60-80 days DJT does come to some new and more favorable trade deals? What happens if you see say another $1T in commitments to build new US factories? What happens to the market at that point? Especially if the tax cuts gets extended and the deregulation efforts take hold? What do you think the market looks like in September if we see these results?

                It's not clear to me how much actual room for improvement America had in these trade deals. The tariffs against us prior to Liberation Day do not seem to have amounted to much of importance. The hand waved non-tariff trade barriers are difficult to discuss, as they are not well defined, but they do not seem very important either.

                As for factories, I think you have noted that they are a pipe dream.

                Best case scenario where Trump rolls back all trade war stuff, an unlikely scenario, and China decides to forgive and forget? Sure, the market could regain its highs.

                I expect a world trade war, if it's not called off by Trump, will affect a lot more than the stock market, though.

                And I continue to believe that the reason for this trade war, is that Trump heard the word "deficit" in the phrase "trade deficit", some fateful day many decades ago, and got fixated on how bad that is. If only he'd been introduced to the concept with different words describing the same thing, a "capital surplus". History would have been different.

                Education is extremely important.

                RenaudaR 1 Reply Last reply
                • HoraceH Horace

                  @LuFins-Dad said in Trumpenomics:

                  @Horace said in Trumpenomics:

                  The world trade war has yet to make its effects felt, beyond a dip in the stock market which is still pricing in some optimism that sanity will prevail.

                  Okay. But, let’s lean into that optimism for a minute… What happens if over the next 60-80 days DJT does come to some new and more favorable trade deals? What happens if you see say another $1T in commitments to build new US factories? What happens to the market at that point? Especially if the tax cuts gets extended and the deregulation efforts take hold? What do you think the market looks like in September if we see these results?

                  It's not clear to me how much actual room for improvement America had in these trade deals. The tariffs against us prior to Liberation Day do not seem to have amounted to much of importance. The hand waved non-tariff trade barriers are difficult to discuss, as they are not well defined, but they do not seem very important either.

                  As for factories, I think you have noted that they are a pipe dream.

                  Best case scenario where Trump rolls back all trade war stuff, an unlikely scenario, and China decides to forgive and forget? Sure, the market could regain its highs.

                  I expect a world trade war, if it's not called off by Trump, will affect a lot more than the stock market, though.

                  And I continue to believe that the reason for this trade war, is that Trump heard the word "deficit" in the phrase "trade deficit", some fateful day many decades ago, and got fixated on how bad that is. If only he'd been introduced to the concept with different words describing the same thing, a "capital surplus". History would have been different.

                  RenaudaR Offline
                  RenaudaR Offline
                  Renauda
                  wrote last edited by
                  #738

                  @Horace

                  And I continue to believe that the reason for this trade war, is that Trump heard the word "deficit" in the phrase "trade deficit", some fateful day many decades ago, and got fixated on how bad that is. If only he'd been introduced to the concept with different words describing the same thing, a "capital surplus". History would have been different.

                  Agreed. He also wrongly believes the importation of goods and services into the US equates as a subsidy to a foreign country. At the same time however he appears to think that the right of export of goods and services should be exclusive to the US alone and that the rest of the world should be restricted to hewing wood and drawing water for the sole benefit of the US.

                  A rather blockheaded understanding of international trade and investment.

                  Elbows up!

                  1 Reply Last reply
                  • JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote last edited by
                    #739

                    When the trade talks start to happen, I don't think tariffs will be the only thing discussed. I think trade barriers are also going to be thrown into the mix.

                    There's two countries I'm really interested in - China and Russia. I think Trump is going to try to corral trade with China. Not cut off, modify. And I think he's gong to try to drive the price of energy low enough that Russia will have trouble waging war at their current pace.

                    “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

                    1 Reply Last reply
                    • RenaudaR Offline
                      RenaudaR Offline
                      Renauda
                      wrote last edited by
                      #740

                      I think trade barriers are also going to be thrown into the mix.

                      Like what? Name some.

                      You start…

                      Elbows up!

                      taiwan_girlT LuFins DadL 2 Replies Last reply
                      • RenaudaR Renauda

                        I think trade barriers are also going to be thrown into the mix.

                        Like what? Name some.

                        You start…

                        taiwan_girlT Offline
                        taiwan_girlT Offline
                        taiwan_girl
                        wrote last edited by
                        #741

                        @Renauda I think that tariffs would qualify as trade barriers.

                        I disagree with the way President Trump is handling the trade issue, but it would be worthwhile to have trade with China more fair. China uses things like requirement of X% of domestic ownership, import quotas, subsidies, etc. I think that they do this a lot more than other countries.

                        1 Reply Last reply
                        • RenaudaR Offline
                          RenaudaR Offline
                          Renauda
                          wrote last edited by Renauda
                          #742

                          @taiwan_girl

                          Tariffs definitely but I gathered that the other poster was obliquely referring to non tariff barriers to trade such as those you listed.

                          Elbows up!

                          1 Reply Last reply
                          • jon-nycJ Online
                            jon-nycJ Online
                            jon-nyc
                            wrote last edited by jon-nyc
                            #743

                            This is unsurprising.

                            US trade delegation asks the Japanese delegation what they were ready to offer. Japanese delegation says ‘well what do you guys want?’ They couldn’t answer.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            RenaudaR 1 Reply Last reply
                            • HoraceH Online
                              HoraceH Online
                              Horace
                              wrote last edited by
                              #744

                              Just more evidence that there was so little to gain with these antics. If one wants to put a coherent frame on it, you'd just have to take seriously the notion of protectionism, higher prices, and more manufacturing jobs. Which is not a better America, but at least it's a comprehensible goal.

                              In practice, what will probably happen is that these shenanigans will show up in inflation and jobs numbers, Trump will declare victory over a bunch of nothing-burger concessions by countries that never treated America unfairly to begin with, and the fate of the whole exercise will be left up to China, who may or may not decide to rub America's nose in it, at significant cost to both countries in the short term, and maybe a benefit to China in the long term.

                              Education is extremely important.

                              jon-nycJ 1 Reply Last reply
                              • jon-nycJ jon-nyc

                                This is unsurprising.

                                US trade delegation asks the Japanese delegation what they were ready to offer. Japanese delegation says ‘well what do you guys want?’ They couldn’t answer.

                                RenaudaR Offline
                                RenaudaR Offline
                                Renauda
                                wrote last edited by
                                #745

                                @jon-nyc

                                US trade delegation asks the Japanese delegation what they were ready to offer. Japanese delegation says ‘well what do you guys want?’ They couldn’t answer.

                                Well the US g’ovt could hardly demand that tightening the border to address illegal immigrants or fentanyl trafficking from Japan. They blew both those lame excuses with Canada.

                                Maybe Japan as the 52nd state or demand reparations for the war in the Pacific?

                                Elbows up!

                                1 Reply Last reply
                                • MikM Away
                                  MikM Away
                                  Mik
                                  wrote last edited by
                                  #746

                                  SMH. Normally when one opens a negotiation, if you can call this a negotiation, one has some idea what they want. This just seems to be the fallout from universal tariff declarations. “We’ll just see what they offer”. More laziness.

                                  “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                  1 Reply Last reply
                                  • RenaudaR Renauda

                                    I think trade barriers are also going to be thrown into the mix.

                                    Like what? Name some.

                                    You start…

                                    LuFins DadL Offline
                                    LuFins DadL Offline
                                    LuFins Dad
                                    wrote last edited by
                                    #747

                                    @Renauda said in Trumpenomics:

                                    I think trade barriers are also going to be thrown into the mix.

                                    Like what? Name some.

                                    You start…

                                    I’m sure we can make up some of the same ones they will pretend are real. VATs, over production and subsidization of their domestic manufacturers that are competitive with primary American exports. Low wage standards. The one that keeps getting talked about by some of the more respectable officials that I honestly don’t know much about and would appreciate more insight on is currency manipulation. That is something I would be curious to hear about.

                                    The Brad

                                    RenaudaR 1 Reply Last reply
                                    • LuFins DadL LuFins Dad

                                      @Renauda said in Trumpenomics:

                                      I think trade barriers are also going to be thrown into the mix.

                                      Like what? Name some.

                                      You start…

                                      I’m sure we can make up some of the same ones they will pretend are real. VATs, over production and subsidization of their domestic manufacturers that are competitive with primary American exports. Low wage standards. The one that keeps getting talked about by some of the more respectable officials that I honestly don’t know much about and would appreciate more insight on is currency manipulation. That is something I would be curious to hear about.

                                      RenaudaR Offline
                                      RenaudaR Offline
                                      Renauda
                                      wrote last edited by
                                      #748

                                      @LuFins-Dad

                                      The one that keeps getting talked about by some of the more respectable officials that I honestly don’t know much about and would appreciate more insight on is currency manipulation. That is something I would be curious to hear about.

                                      As would I. I think it only refers to countries like China, Russia, India and a few others that circulate what is essentially inconvertible currencies. Openly traded currencies like the dollar, Euro and British Pound are governed by their central banks and cannot be manipulated by their host states.

                                      Elbows up!

                                      1 Reply Last reply
                                      • HoraceH Online
                                        HoraceH Online
                                        Horace
                                        wrote last edited by Horace
                                        #749

                                        Trump's non-tariff trade barriers, posted today:


                                        NON-TARIFF CHEATING:

                                        1. Currency Manipulation
                                        2. VATs which act as tariffs and export subsidies
                                        3. Dumping Below Cost
                                        4. Export Subsidies and Other Govt. Subsidies
                                        5. Protective Agricultural Standards (e.g., no genetically engineered corn in EU)
                                        6. Protective Technical Standards (Japan’s bowling ball test)
                                        7. Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year)
                                        8. Transshipping to EVADE Tariffs!!!

                                        Education is extremely important.

                                        1 Reply Last reply
                                        • RenaudaR Offline
                                          RenaudaR Offline
                                          Renauda
                                          wrote last edited by
                                          #750

                                          😂

                                          Elbows up!

                                          1 Reply Last reply
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