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The New Coffee Room

  1. TNCR
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  3. Trumpenomics

Trumpenomics

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  • AxtremusA Offline
    AxtremusA Offline
    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 Offline
      jon-nycJ Offline
      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 Offline
          taiwan_girlT Offline
          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 Offline
              jon-nycJ Offline
              jon-nyc
              wrote last edited by
              #961

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              1 Reply Last reply
              • jon-nycJ Offline
                jon-nycJ Offline
                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 Offline
                  AxtremusA Offline
                  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 Offline
                    taiwan_girlT Offline
                    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 Offline
                      jon-nycJ Offline
                      jon-nyc
                      wrote last edited by
                      #965

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      1 Reply Last reply
                      • HoraceH Offline
                        HoraceH Offline
                        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 Offline
                          taiwan_girlT Offline
                          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/

                          1 Reply Last reply
                          • LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote last edited by
                            #968

                            Gilead announced an $11B investment into new US manufacturing. Kraft is investing an additional $3 billion into new American manufacturing facilities. Carrier is investing $1 billion into a new factory, creating 4K jobs. The Dow is up roughly 3800 over last year. Not great, but not a disaster, either. It’s not all doom and gloom…

                            The Brad

                            1 Reply Last reply
                            • 89th8 Offline
                              89th8 Offline
                              89th
                              wrote last edited by
                              #969

                              Too lazy to check, but:

                              1. How do those investments compare to normal corporate manufacturing expenditures?
                              2. How often are these announced investments actually realized?
                              3. The DOW is up 8% since this time last year, but down 4% since Trump took over (was down 15% but has bounced back after a few TACO Tuesdays)
                              1 Reply Last reply
                              • LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote last edited by
                                #970

                                You fail to catch the point.

                                The Brad

                                1 Reply Last reply
                                • 89th8 Offline
                                  89th8 Offline
                                  89th
                                  wrote last edited by
                                  #971

                                  Probably, I only read your last post and commented.

                                  1 Reply Last reply
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