Trumpenomics

kluurs

Renauda

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 said in Trumpenomics:

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

I was thinking along these lines. Glad someone quantified it. The escalating trade war with china, remains a big deal.

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…

AndyD

How are the farmers
of America taking this?
Are they more likely to plant crops or sell their machines?

E.g. China has been stockpiling soybeans, and Brazil is an alternative supplier. Chinese import tax on US soybeans is now 104% ?

jon-nyc

We have 9T of debt that matures in 2025, all of which we need to reissue and of course Trump will issue several trillion more.

Axtremus

Maybe this time Trump will say "China will pay for it."

jon-nyc

LuFins Dad

Good lord. The comments…

Horace

I'm unsurprised that economic destruction is no big deal to people with nothing economic to lose.

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Trumpenomics