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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • LuFins DadL LuFins Dad

    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…

    HoraceH Online
    HoraceH Online
    Horace
    wrote last edited by
    #955

    @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.

    Education is extremely important.

    1 Reply Last reply
    • AxtremusA Away
      AxtremusA Away
      Axtremus
      wrote last edited by
      #956

      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/

      1 Reply Last reply
      • jon-nycJ Online
        jon-nycJ Online
        jon-nyc
        wrote last edited by
        #957

        9122650F-2E94-4A06-BDAF-BE0BE8E86526.png

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        1 Reply Last reply
        • LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote last edited by
          #958

          And yet his popularity is still higher than at any point his first term.

          The Brad

          1 Reply Last reply
          • taiwan_girlT Online
            taiwan_girlT Online
            taiwan_girl
            wrote last edited by
            #959

            Current popularity is 43% (by Gallop poll)

            Screenshot 2025-05-31 at 8.58.29 PM.png

            LuFins DadL 1 Reply Last reply
            • taiwan_girlT taiwan_girl

              Current popularity is 43% (by Gallop poll)

              Screenshot 2025-05-31 at 8.58.29 PM.png

              LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote last edited by
              #960

              @taiwan_girl said in Trumpenomics:

              Current popularity is 43% (by Gallop poll)

              Screenshot 2025-05-31 at 8.58.29 PM.png

              Here’s the aggregate….IMG_4215.png

              The Brad

              1 Reply Last reply
              • jon-nycJ Online
                jon-nycJ Online
                jon-nyc
                wrote last edited by
                #961

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote last edited by
                  #962

                  Turning us into a Banana Republic in more ways than one.

                  IMG_5649.jpeg

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • AxtremusA Away
                    AxtremusA Away
                    Axtremus
                    wrote last edited by
                    #963

                    The OECD lowers its global GDP growth projections for 2025 & 2026 due to Trump's tariffs:

                    https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

                    Key figures
                    
                    3.1% 
                      ⏷
                    2.9%
                    Revision to projected global GDP growth for 2025
                    
                    3.0%
                      ⏷
                    2.9%
                    Revision to projected global GDP growth for 2026
                    
                    1 Reply Last reply
                    • taiwan_girlT Online
                      taiwan_girlT Online
                      taiwan_girl
                      wrote last edited by
                      #964

                      U.S. manufacturing activity slumped in March to the lowest level in nearly three years as new orders plunged, and analysts said activity could decline further due to tighter credit conditions.

                      The Institute for Supply Management (ISM) survey on Monday showed all subcomponents of its manufacturing PMI below the 50 threshold for the first time since 2009. Some economists said this suggested a recession was around the corner, while others said much would depend on the services sector, whose PMI remains consistent with a growing economy.

                      https://www.reuters.com/markets/us/us-manufacturing-sector-weakest-nearly-three-years-march-ism-2023-04-03/

                      1 Reply Last reply
                      • jon-nycJ Online
                        jon-nycJ Online
                        jon-nyc
                        wrote last edited by
                        #965

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        1 Reply Last reply
                        • HoraceH Online
                          HoraceH Online
                          Horace
                          wrote last edited by
                          #966

                          I posted an interview with that guy shortly after Liberation Day. I liked him a lot.

                          Education is extremely important.

                          1 Reply Last reply
                          • jon-nycJ jon-nyc

                            China’s government is projecting confidence that it can outlast the U.S. in a protracted trade war in large part because of the potential damage inflicted by its restrictions on rare earth metals, said Eswar Prasad, a Cornell University economist who has spoken this week with Chinese finance officials.
                            “That is the choke point,” Prasad said. “Beijing does not feel like it is going to back down and that the U.S. is in no position to dictate terms. A big, big part of that is rare earths, where they feel they have the capacity to do significant harm to American manufacturers.”

                            taiwan_girlT Online
                            taiwan_girlT Online
                            taiwan_girl
                            wrote last edited by
                            #967

                            @jon-nyc said in Trumpenomics:

                            China’s government is projecting confidence that it can outlast the U.S. in a protracted trade war in large part because of the potential damage inflicted by its restrictions on rare earth metals, said Eswar Prasad, a Cornell University economist who has spoken this week with Chinese finance officials.
                            “That is the choke point,” Prasad said. “Beijing does not feel like it is going to back down and that the U.S. is in no position to dictate terms. A big, big part of that is rare earths, where they feel they have the capacity to do significant harm to American manufacturers.”

                            Seems like it is happening unfortunately

                            A group representing auto suppliers in the United States called on Wednesday for immediate action to address China's restricted exports of rare earths, minerals and magnets, warning the issue could quickly disrupt auto parts production.

                            and

                            https://www.reuters.com/business/autos-transportation/us-auto-suppliers-say-immediate-action-needed-china-rare-earths-restrictions-2025-06-05/

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