Trumpenomics

[jon-nyc]

[Horace]

Sounds about right.

[taiwan_girl]

For my view, I think that we could find alternatives for the rare earth minerals, etc.

For me, the more concern is that China is moving in to our traditional allies. The US has lost some of its trusted status, which is a bigger long term problem.

[jon-nyc]

[Axtremus]

h/t WTG

People started sharing receipts for tariffs charged to them:

https://www.buzzfeed.com/meganeliscomb/trump-tariff-receipts-may-2025

[jon-nyc]

So we’re apparently backing down to 30% tariffs on China and vice versa for 90 days to have time to make some kind of deal. Futures markets are happy.

[taiwan_girl]

@jon-nyc When all is finished it will be interesting to see a table of before tariffs vs after tariffs for various countries and see how much (if any) change there was.

[Horace]

And it will be interesting to see the "concessions" America gets. My guess is, almost nothing meaningful. Because I'm still not convinced that the rest of the world was "ripping us off" as we became the richest nation on earth.

[jon-nyc]

Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.

[Copper]

Wow, what a great president.

[Horace]

@jon-nyc said in Trumpenomics:

Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.

I mean, concessions as compared to status quo before the world trade war was declared by Trump.

[89th]

@taiwan_girl said in Trumpenomics:

@jon-nyc When all is finished it will be interesting to see a table of before tariffs vs after tariffs for various countries and see how much (if any) change there was.

Also need to account for GDP and/or jobs lost, and cost increase to citizens, for what seems to be a completely pointless exercise in bullying.

[jon-nyc]

@Horace said in Trumpenomics:

@jon-nyc said in Trumpenomics:

Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.

I mean, concessions as compared to status quo before the world trade war was declared by Trump.

They are bragging that there were none and that they’re the only country being treated as an equal.