Trumpenomics

[jon-nyc]

The most charitable explanation is that Navarro/Lutnick just take their fight public after losing a skirmish in a conference room somewhere.

[jon-nyc]

@jon-nyc said in Trumpenomics:

[kluurs]

As for an update on "Drill, Baby, Drill", more drills were shut down in the past week than in the past 2 years.

[jon-nyc]

FFS. Now they’re exempting Temu and Shein.

[jon-nyc]

'We will make things more difficult for American companies with Chinese supply chains, but ensure that direct sales from Chinese factories aren't inconvenienced'

-Art Of The Deal

[jon-nyc]

[Axtremus]

American farmers plead for tax-payer bailouts:

https://www.theguardian.com/us-news/2025/apr/15/farmers-trump-tariffs-bailout-extreme-weather

[Doctor Phibes]

Irish exports to US surge by 200% ahead of tariffs

[jon-nyc]

Not going to help GDP numbers.

[LuFins Dad]

@Doctor-Phibes said in Trumpenomics:

Irish exports to US surge by 200% ahead of tariffs

That was @George-K making a Jameson order.

[jon-nyc]

[bachophile]

https://www.foxbusiness.com/markets/china-halts-boeing-jet-orders

So now China is boycotting Boeing, presumably switching all their business to airbus. Planes parts service, the whole Monty.

Boeing is in for a rough time, imagine losing all those orders, and Boeing factory people being layed off because of the lost market potential.

[jon-nyc]

The country's top three airlines – Air China, China Eastern Airlines and China Southern Airlines – have plans to take delivery of 45, 53 and 81 Boeing planes, respectively, between 2025-2027, Reuters reports.

Sounds like a lot of jobs. I wonder how many of the workers voted for this.

[Doctor Phibes]

@bachophile said in Trumpenomics:

https://www.foxbusiness.com/markets/china-halts-boeing-jet-orders

So now China is boycotting Boeing, presumably switching all their business to airbus. Planes parts service, the whole Monty.

Boeing is in for a rough time, imagine losing all those orders, and Boeing factory people being layed off because of the lost market potential.

5D suicide chess.

[Mik]

Feldman cowrote this piece. Worth reading.

https://www.piie.com/blogs/realtime-economics/2025/world-trading-system-dying-you-should-fear-its-replacement

[Horace]

@Mik said in Trumpenomics:

Feldman cowrote this piece. Worth reading.

https://www.piie.com/blogs/realtime-economics/2025/world-trading-system-dying-you-should-fear-its-replacement

Good piece.

I don't know how many people voted for the destruction of global trade. I didn't.

[Mik]

Nor did I. The universal tariff thing threw me off. Maybe he thinks he's complying with GATT.

If nothing else, though, this episode will educate more people on tariffs and trade.

[Horace]

@Mik said in Trumpenomics:

Nor did I. The universal tariff thing threw me off. Maybe he thinks he's complying with GATT.

If nothing else, though, this episode will educate more people on tariffs and trade.

Yep. Trump draws attention, and people are educated about politics and all things geopolitical, due to that attention. Some worry that the masses are learning all the wrong lessons, but I think the education has a lot of value.

[89th]

And we thought college was an expensive education!

[Horace]

His economic mistakes are classically leftist, I think (though the dichotomy probably breaks down). Hopefully the backlash will be towards more capitalism and free markets. Generally, one worries that backlash against Trump will be too far to the left, but this is setting up to be a backlash towards an appreciation of free markets.

If the party of free markets going forward is the Democrats, so be it, I'll be voting Democrat. But a free market GOP would be preferable.