Trumpenomics

[Horace]

Trump made an escalating trade war with China, feel like a cool summer breeze. I guess that's 4D chess for you.

[89th]

[Renauda]

@Horace

. I guess that's 4D chess for you.

Not at all. More like contract whist or, as we used to call it in the Mess Hall, Bugger your Neighbour.

[jon-nyc]

Interesting thought experiment.

[Horace]

The presidential election version of that is "I'd vote for a can of soup over Trump". More of a pithy comment than a thought experiment, though bravo to the writer for the carefully crafted description of a bag of bricks.

[Horace]

Lutnick and Navarro are probably among the few people in the country to be disappointed by this pause. Trump supporters who were excited about tariffs, are now probably just excited by this brilliant negotiating tactic of pausing the tariffs.

Navarro and Lutnick are joined in their disappointment, by protectionist populist far-left types, I guess.

[kluurs]

Link to video

[Renauda]

@Horace

Navarro and Lutnick are joined in their disappointment, by protectionist populist far-left types, I guess.

Lutnick does look a lot like Lenin.

Coincidence?

[jon-nyc]

Auto market research firm Telemetry estimates 1.8MM fewer new cars will be sold this year. Last year total sales were ~15MM, so this is over 10% drop.

[jon-nyc]

Obviously vehicle dependent, but here are average new taxes by brand.

[jon-nyc]

Do we have any Tata cars in the US? And who’s Geely?

[kluurs]

Next time, everyone pay attention...

[Axtremus]

Trump undoes Liberation Day, and the market rejoices.

The market hates Liberation.

[Axtremus]

Suppose you're a businessman, what would you do with this "90 day pause"? Import more before high tariffs kick in again?

As a consumer, what would you do? Accelerate buying imported stuff that you planned to purchase anyway before the tariffs situation changes again?

Anybody thinks "let's move more manufacturing back onshore before the high tariffs kick in again"?

[Axtremus]

As posted by Trump on Truth Social on April 4, 2025:

TO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE, ...

https://truthsocial.com/@realDonaldTrump/posts/114279756371714617

[jon-nyc]

And with 25% on aluminum, steel, and autos.

[Horace]

[jon-nyc]

Some more precision. Doesn’t look like it’s higher overall but consumer goods are.

[LuFins Dad]

Yes, but China’s a hit more people are willing to take…

[LuFins Dad]

I think the boat fees are actually as big as the tariffs…