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The New Coffee Room

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  3. Trumpenomics

Trumpenomics

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  • R Offline
    R Offline
    Renauda
    wrote on 3 Apr 2025, 03:46 last edited by
    #278

    It's fine to criticize Trump, if it's warranted. Around here, demonize is a more common modality.

    Kindly spare us the melodrama of your personal thoughts regarding Trump’s victimhood. It has a particularly disingenuous odour surrounding it..

    Elbows up!

    1 Reply Last reply
    • H Horace
      3 Apr 2025, 02:28

      Semiconductors are excluded specifically, but all those stocks are down as much as everything else. It'll take a while for this to settle out. I don't think Trump will be backing off.

      D Offline
      D Offline
      Doctor Phibes
      wrote on 3 Apr 2025, 09:59 last edited by
      #279

      @Horace said in Trumpenomics:

      I don't think Trump will be backing off.

      Not unless some more Republicans decide to grow a backbone.

      I was only joking

      1 Reply Last reply
      • X xenon
        3 Apr 2025, 01:58

        @LuFins-Dad said in Trumpenomics:

        alt text

        So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?

        For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.

        It's some bullshit calculation based on the trade deficit.

        https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/

        A Away
        A Away
        Axtremus
        wrote on 3 Apr 2025, 11:30 last edited by
        #280

        @xenon said in Trumpenomics:

        @LuFins-Dad said in Trumpenomics:

        alt text

        So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?

        For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.

        It's some bullshit calculation based on the trade deficit.

        https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/

        Note in the chart there are fine prints that say "Includes Currency Manipulations and Trade Barriers."

        1 Reply Last reply
        • J Jolly
          2 Apr 2025, 21:59

          When was the first time Trump proposed tariffs?

          Forty years ago. Be he right, be he wrong, this is not new.

          A Away
          A Away
          Axtremus
          wrote on 3 Apr 2025, 11:34 last edited by
          #281

          @Jolly said in Trumpenomics:

          When was the first time Trump proposed tariffs?

          Forty years ago. Be he right, be he wrong, this is not new.

          Yes, voters knew or should have known before the last election that Trump will bring about high tariffs if he wins.

          1 Reply Last reply
          • L Offline
            L Offline
            LuFins Dad
            wrote on 3 Apr 2025, 11:48 last edited by
            #282

            My guess is they need 9 R senators and 2 House Members to strip Trump of the tariff ability. (I assume this is a 60 vote thing for the senate? Not 50%?)

            The Brad

            1 Reply Last reply
            • 8 Offline
              8 Offline
              89th
              wrote on 3 Apr 2025, 11:56 last edited by 89th 4 Mar 2025, 11:56
              #283

              "...the stock market went up 88% in my first term... more than any president has had in any term in office... BY FAR."

              You know... except for Clinton II, Reagan I, Roosevelt I, and Coolidge I.

              Other than those President, Trump isn't lying!

              https://www.reddit.com/r/StockMarket/comments/1jq86vf/2_trillion_liquidated_in_roughly_20_seconds_as/

              Source: https://www.macrotrends.net/2481/stock-market-performance-by-president

              1 Reply Last reply
              • L Offline
                L Offline
                LuFins Dad
                wrote on 3 Apr 2025, 11:59 last edited by
                #284

                Great sale on Wall Street, today. Might even reach BOGO level discounts!

                The Brad

                1 Reply Last reply
                • L Offline
                  L Offline
                  LuFins Dad
                  wrote on 3 Apr 2025, 12:00 last edited by
                  #285

                  The truly troubling thing has been the threats against companies raising their prices…

                  The Brad

                  1 Reply Last reply
                  • 8 Offline
                    8 Offline
                    89th
                    wrote on 3 Apr 2025, 12:01 last edited by
                    #286

                    It's ok guys, Trump knows what he's doing. He's never bankrupted every company his name has touched before.

                    1 Reply Last reply
                    • L Offline
                      L Offline
                      LuFins Dad
                      wrote on 3 Apr 2025, 12:07 last edited by
                      #287

                      And yet, amazingly, still better than the other option.

                      The Brad

                      D 1 Reply Last reply 3 Apr 2025, 12:24
                      • A Away
                        A Away
                        Axtremus
                        wrote on 3 Apr 2025, 12:17 last edited by
                        #288

                        https://www.nytimes.com/live/2025/04/03/business/trump-tariffs

                        Which countries are spared?

                        ... Moscow was spared because sanctions imposed on the country after its full-scale invasion of Ukraine in 2022 mean that U.S.-Russian trade had effectively stopped. North Korea, Cuba and Belarus, which are also subject to tough sanctions, were also excluded from the new levies.

                        Also an interesting contrast:

                        Iran [...] was hit with 10 percent tariffs, the lowest tier on the White House’s list and lower than the rate imposed on Israel, a staunch U.S. ally.

                        1 Reply Last reply
                        • L LuFins Dad
                          3 Apr 2025, 12:07

                          And yet, amazingly, still better than the other option.

                          D Offline
                          D Offline
                          Doctor Phibes
                          wrote on 3 Apr 2025, 12:24 last edited by
                          #289

                          @LuFins-Dad said in Trumpenomics:

                          And yet, amazingly, still better than the other option.

                          After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!

                          I was only joking

                          L 1 Reply Last reply 3 Apr 2025, 12:35
                          • 8 Offline
                            8 Offline
                            89th
                            wrote on 3 Apr 2025, 12:27 last edited by
                            #290

                            I am hopeful this is a 4D chess move where Trump tanks the market, then over the next 3 years "no one has made the stock market go up 200% in 3 years!"... like a cursive capital V.

                            1 Reply Last reply
                            • D Doctor Phibes
                              3 Apr 2025, 12:24

                              @LuFins-Dad said in Trumpenomics:

                              And yet, amazingly, still better than the other option.

                              After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!

                              L Offline
                              L Offline
                              LuFins Dad
                              wrote on 3 Apr 2025, 12:35 last edited by
                              #291

                              @Doctor-Phibes said in Trumpenomics:

                              @LuFins-Dad said in Trumpenomics:

                              And yet, amazingly, still better than the other option.

                              After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!

                              This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

                              The Brad

                              D R 2 Replies Last reply 3 Apr 2025, 12:38
                              • L LuFins Dad
                                3 Apr 2025, 12:35

                                @Doctor-Phibes said in Trumpenomics:

                                @LuFins-Dad said in Trumpenomics:

                                And yet, amazingly, still better than the other option.

                                After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!

                                This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

                                D Offline
                                D Offline
                                Doctor Phibes
                                wrote on 3 Apr 2025, 12:38 last edited by
                                #292

                                @LuFins-Dad said in Trumpenomics:

                                This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

                                In my analogy congress are throwing electrically conductive chum in the water.

                                I was only joking

                                1 Reply Last reply
                                • L LuFins Dad
                                  3 Apr 2025, 12:35

                                  @Doctor-Phibes said in Trumpenomics:

                                  @LuFins-Dad said in Trumpenomics:

                                  And yet, amazingly, still better than the other option.

                                  After the ships sinks, as you are being raped by a dolphin, you find yourself thinking 'well, at least I didn't get electrocuted by the ship's battery or eaten by the shark'!

                                  This is idiocy. The whole trans thing is a blend of insanity and evil. So yeah, still better than the alternative. I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

                                  R Offline
                                  R Offline
                                  Renauda
                                  wrote on 3 Apr 2025, 14:27 last edited by Renauda 4 Mar 2025, 14:28
                                  #293

                                  @LuFins-Dad

                                  . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

                                  Rand Paul is a lonely voice in the current GOP echo chamber.

                                  Elbows up!

                                  D 1 Reply Last reply 3 Apr 2025, 14:30
                                  • R Renauda
                                    3 Apr 2025, 14:27

                                    @LuFins-Dad

                                    . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

                                    Rand Paul is a lonely voice in the current GOP echo chamber.

                                    D Offline
                                    D Offline
                                    Doctor Phibes
                                    wrote on 3 Apr 2025, 14:30 last edited by
                                    #294

                                    @Renauda said in Trumpenomics:

                                    @LuFins-Dad

                                    . I will say that I was counting on Congress to shelter us a little from his more self/destructive impulses.

                                    Rand Paul is a lonely voice in the current GOP echo chamber.

                                    He's been accused of having TDS, predictably

                                    I was only joking

                                    R 1 Reply Last reply 3 Apr 2025, 14:46
                                    • X Offline
                                      X Offline
                                      xenon
                                      wrote on 3 Apr 2025, 14:39 last edited by
                                      #295

                                      It’s TDS to think the largest tax hike in history should go through Congress.

                                      J 1 Reply Last reply 3 Apr 2025, 14:43
                                      • L Offline
                                        L Offline
                                        LuFins Dad
                                        wrote on 3 Apr 2025, 14:42 last edited by
                                        #296

                                        Think we will end the day below 39K?

                                        The Brad

                                        1 Reply Last reply
                                        • X xenon
                                          3 Apr 2025, 14:39

                                          It’s TDS to think the largest tax hike in history should go through Congress.

                                          J Online
                                          J Online
                                          jon-nyc
                                          wrote on 3 Apr 2025, 14:43 last edited by
                                          #297

                                          @xenon said in Trumpenomics:

                                          It’s TDS to think the largest peacetime tax hike in history should go through Congress.

                                          For the record (just) one of the tax hikes during WW-2 was higher as a percentage of GDP.

                                          "You never know what worse luck your bad luck has saved you from."
                                          -Cormac McCarthy

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                                          3 Apr 2025, 12:07


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