Trumpenomics
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wrote 26 days ago last edited by
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.
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wrote 26 days ago last edited by
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?
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wrote 26 days ago last edited by
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.
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I think trade barriers are also going to be thrown into the mix.
Like what? Name some.
You start…
wrote 26 days ago last edited by@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.
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@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.
wrote 26 days ago last edited byThe 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.
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wrote 26 days ago last edited by Horace
Trump's non-tariff trade barriers, posted today:
NON-TARIFF CHEATING:
- Currency Manipulation
- VATs which act as tariffs and export subsidies
- Dumping Below Cost
- Export Subsidies and Other Govt. Subsidies
- Protective Agricultural Standards (e.g., no genetically engineered corn in EU)
- Protective Technical Standards (Japan’s bowling ball test)
- Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year)
- Transshipping to EVADE Tariffs!!!
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wrote 26 days ago last edited by
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wrote 26 days ago last edited by
#7 is the only legitimate one listed.
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wrote 26 days ago last edited by
Actually #3 is legit as well. No country finds dumping acceptable. But it can be dealt with easily through the WTO process.
At a glance the rest are nonsense. Especially subsidies to the agriculture sector. The US is one of the top subsidisers of agri products..
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Actually #3 is legit as well. No country finds dumping acceptable. But it can be dealt with easily through the WTO process.
At a glance the rest are nonsense. Especially subsidies to the agriculture sector. The US is one of the top subsidisers of agri products..
wrote 26 days ago last edited by@Renauda said in Trumpenomics:
Actually #3 is legit as well. No country finds dumping acceptable. But it can be dealt with easily through the WTO process.
At a glance the rest are nonsense. Especially subsidies to the agriculture sector. The US is one of the top subsidisers of agri products..
Fair enough.
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wrote 26 days ago last edited by
A completed, air-worthy Boeing 737 MAX that was already in China got returned to the USA -- because Xiamen Airlines, the supposed recipient of that airplane, cannot afford the tariffs and thus cannot take delivery.
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wrote 25 days ago last edited by
Gold at an all time high.
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wrote 25 days ago last edited by
Stocks down. Dollar down. Treasuries down.
It’s like the markets are beginning to realize that the real problem isn’t just the tariffs, but having a crazy man with far too much power over the economy.
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wrote 25 days ago last edited by
Just wait until he figures out how to fire Powell and put Laura Loomer in charge of the Fed.
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wrote 25 days ago last edited by
The semi-coherent ranting is certainly going to do wonders for market confidence.
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wrote 25 days ago last edited by
Trump is panicking that the rest of the world isn't cooperating with his insane economic gambits. From Powell to China, everybody is letting him dig his own grave.
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wrote 25 days ago last edited by
Sooner or later all autocrats succumb to pathological paranoia. In Trump’s case it is sooner rather than later.
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wrote 25 days ago last edited by
Rebuilding wealth, by intentionally destroying trade relationships which were creating wealth for every American with any economic skin in the game.
@realDonaldTrump
Since our announcement of LIBERATION DAY, many World Leaders and Business Executives have come to me asking for relief from Tariffs. It’s good to see that the World knows we are serious, because WE ARE! They must right the wrongs of decades of abuse, but it won’t be easy for them. We must rebuild the Wealth of our Great Country, and create true RECIPROCITY. But for those who want the easiest path: Come to America, and build in America!
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wrote 25 days ago last edited by
It's like a bully on the playground saying "many kids have come up to me asking for relief from my wedgies!"
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wrote 25 days ago last edited by