Trumpenomics
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Tim Cook made a valiant effort to explain things to him in the white house last week, but apparently to no avail. Trump lives in his own economic reality. So, this will just be a drag on America's greatest company, to no benefit to anybody, other than maybe Apple's international competition.
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Tim Cook made a valiant effort to explain things to him in the white house last week, but apparently to no avail. Trump lives in his own economic reality. So, this will just be a drag on America's greatest company, to no benefit to anybody, other than maybe Apple's international competition.
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I vaguely recall there is a political ideology that says the government centrally controls what you produce. What's that called again?
@Axtremus said in Trumpenomics:
I vaguely recall there is a political ideology that says the government centrally controls what you produce. What's that called again?
The Democrat Party. Congratulations on getting a Democrat in the White House.
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Back to 50% tariffs for the EU.
https://truthsocial.com/@realDonaldTrump/114556968834547173
... Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. ...
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That’s a stupid approach to take from a markets analyst. He’s actually trying to goad Trump into not reconsidering tariffs and to pull the trigger…
The Brad
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Hmmmm .....
Court of International Trade halted Trump's tariffs.
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New terminology for the market: the TACO trade.
https://www.cbsnews.com/amp/news/trump-taco-trade-trump-always-chickens-out-what-it-means/
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What's more concerning is Trump wasn't aware of the TACO acronym until a reporter had to explain it to him. I know he doesn't, but he would do very well to have some sort of brave employee telling him the reality "out there" so he's at least aware. But dare we interrupt his false reality...
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That’s a stupid approach to take from a markets analyst. He’s actually trying to goad Trump into not reconsidering tariffs and to pull the trigger…
@LuFins-Dad said in Trumpenomics:
That’s a stupid approach to take from a markets analyst. He’s actually trying to goad Trump into not reconsidering tariffs and to pull the trigger…
Plenty of people out there hoping Trump damages the economy as much as possible. I'm sure they'll take the opportunity to goad Trump into more macho tariffs.
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Trump says he plans to double steel, aluminum tariffs to 50%
https://www.reuters.com/business/trump-says-he-plans-double-steel-tariffs-50-2025-05-30/ -
And yet his popularity is still higher than at any point his first term.
