Trumpenomics
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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 25 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 25 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 25 days ago last edited by
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wrote 25 days ago last edited by
#7 is the only legitimate one listed.
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wrote 25 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 25 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 25 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
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wrote 25 days ago last edited by
Always Sunny in Philadephia, TV show. I bought the first few seasons. It's very funny.
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wrote 25 days ago last edited by
From wsj:
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wrote 25 days ago last edited by
Who are those two green arrows?
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wrote 25 days ago last edited by
Another bloody day today for the nation’s retirement accounts.