Trumpenomics
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wrote on 11 Apr 2025, 19:57 last edited by
The issue is that America has to trust that Trump will respond if his economic decisions are hurting us, by numbers such as joblessness and inflation. America has to trust that he'll change course even if his ego is tied up in a battle with Xi. I'm not sure that reasonable Trump whisperers would trust that.
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wrote on 12 Apr 2025, 02:07 last edited by
@jon-nyc said in Trumpenomics:
Do we have any Tata cars in the US? And who’s Geely?
Tata is out of India. A huge "chaebol". Started out in cotton (I think). Kind of like FPC group in Taiwan and Mr. Hwang (though he started out in rice), which grew from selling one product and expanded a lot.
Geely is a big China car maker. I believe that they own Volvo now.
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An odd situation. The Chinese economy is under stress (real estate, demographics, etc), and they are highly reliant on exports. Then again, there are other customers to export to than the USA. On our side, the USA is highly reliant on Chinese exports both for end products but also supply chain for so many companies. Really it seems to be more about two power egos fighting it out than realistic long-term international trade objectives. Not sure how it plays out but it will be interesting to see in a year or so how it compares to December 2024 numbers.
wrote on 12 Apr 2025, 02:11 last edited by@89th said in Trumpenomics:
The Chinese economy is under stress (real estate, demographics, etc), and they are highly reliant on exports. Then again, there are other customers to export to than the USA.
This. I know some people in the oil/petrochemical business and the word is that the Chinese are dropping the price of petrochemicals as there is lessening internal demand in China and possible loss of any US market (for plastics for example which come from p-xylene). So, they are ramping up exports to countries that they normally do not export to.
Im sure that other products will follow this.
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@jon-nyc said in Trumpenomics:
Do we have any Tata cars in the US? And who’s Geely?
Tata is out of India. A huge "chaebol". Started out in cotton (I think). Kind of like FPC group in Taiwan and Mr. Hwang (though he started out in rice), which grew from selling one product and expanded a lot.
Geely is a big China car maker. I believe that they own Volvo now.
wrote on 12 Apr 2025, 11:20 last edited by@taiwan_girl said in Trumpenomics:
@jon-nyc said in Trumpenomics:
Do we have any Tata cars in the US? And who’s Geely?
Tata is out of India. A huge "chaebol". Started out in cotton (I think). Kind of like FPC group in Taiwan and Mr. Hwang (though he started out in rice), which grew from selling one product and expanded a lot.
Geely is a big China car maker. I believe that they own Volvo now.
Tata makes pretty cool off-road trucks.
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wrote on 12 Apr 2025, 11:22 last edited by
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wrote on 12 Apr 2025, 13:42 last edited by
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wrote on 12 Apr 2025, 13:43 last edited by jon-nyc 4 Dec 2025, 13:44
Though maybe he’s only exempting them from the more recent punitive measures and not the original 25 or 35 or whatever it was.
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wrote on 12 Apr 2025, 15:56 last edited by
In a week when I've heard of pretty ordinary folk losing £10-20k in shares & savings, this tariff rollercoaster has certainly had a mindset effect on me; and I'm guessing the same effect on millions of other ordinary folk in the US and China etc...
In my case I bought a medium sized 5-shotgun cabinet for use as a small safe.
Made in England. -
wrote on 12 Apr 2025, 17:03 last edited by
It's all imaginary money until you access it.
In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.
The market goes up and it goes down. Never have all your investments in the stock market.
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It's all imaginary money until you access it.
In 2008, I lost over a third of my market investments. Took it a tad over three years to recoup the losses.
The market goes up and it goes down. Never have all your investments in the stock market.
wrote on 12 Apr 2025, 17:36 last edited by@Jolly said in Trumpenomics:
Never have all your investments in the stock market.
Buffet's advice to his wife after he passes, is to have 90% of their assets in an S&P index fund, and 10% in government bonds. So, not all in the market, but substantially all.
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wrote on 12 Apr 2025, 18:05 last edited by
Right but Buffet’s wife’s standard of living won’t change if she takes a 30% hit in her equities.
When you’ve made just enough, you need to be more conservative as you age so you don’t get clobbered by a downturn that you don’t have time to recover from. When you’ve made far more than you’d ever need, you can invest for future generations (ie the long term) even if you’re 85.
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wrote on 12 Apr 2025, 18:08 last edited by
The Wall Street editor of The Economist magazine had this to say about the exemption for Chinese made electronics:
If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.
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wrote on 12 Apr 2025, 18:11 last edited by
I guess he has those people in the bag politically anyway. The people with 401ks and a nest egg to protect, on the other hand, were probably easy swing voters.
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wrote on 12 Apr 2025, 20:05 last edited by
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wrote on 12 Apr 2025, 20:06 last edited by
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wrote on 12 Apr 2025, 20:13 last edited by
It's all so completely absurd.
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wrote on 12 Apr 2025, 20:46 last edited by jon-nyc 4 Dec 2025, 20:46
@jon-nyc said in Trumpenomics:
ChatGPT gave me an estimate of 4-7 years to build a large aluminum smelting plant in the US at a cost of ~$5B per million tons of annual output. Oh and that assumes you have 15-20 terawatt hours per year of electricity generation nearby, enough to power about 1MM homes.
So yeah, no one’s doing that based on a tariff that might not last until June, let alone 2030.
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wrote on 12 Apr 2025, 20:50 last edited by
