Trumpenomics
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Updated the numbers for 2Q
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Tariffs ruled illegal again.
https://www.cnbc.com/2025/08/29/trump-trade-tariffs-appeals-court-ieepa.html
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Ilya Somin from Reason magazine is one of the lawyers suing the administration.
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"Trucks built in the U.S. are actually disadvantaged today compared to trucks built in Mexico," a spokesperson at Volvo's North American unit said.
In April, the company boosted its planned Mexico plant investment by $300 million to $1 billion, aiming to support its U.S. operations.Volvo owns Mack truck brand too.
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@jon-nyc said in Trumpenomics:
Someone at Labor forgot the hammer and sickle.
I just got a pretty good paycheck. Felt pretty good about it. Then I bought fried rice and an Arnold Palmer for lunch. $20… SMH…
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Presumably this will lead to more firings in data analysis.
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This is only going to hit home for him when it occurs to him that he can only have 2 Big Macs.
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@89th said in Trumpenomics:
Maybe he'll rename Black Friday to Gold Friday to honor his impact on sales?
Northern Ireland already has Orangemen's Day on July 12th, so maybe he could co-opt that.
It's generally commemorated with a bunch of bigoted old men wandering the streets going on about how great things used to be 100s of years ago and burning foreign flags, so he's pretty much there already.
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At this point, I’m shooting for the silver lining that “pro labor” policies and labor unions might get sunk next administration or even mid this administration…
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@jon-nyc said in Trumpenomics:
That’s odd… A 10% tariff on cocoa imports shouldn’t result in a 30% price increase. As the cost of the material is only a fraction of the production and marketing cost, it should be less than 10% overall. There’s more to that story.
