Trumpenomics
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Just more evidence that there was so little to gain with these antics. If one wants to put a coherent frame on it, you'd just have to take seriously the notion of protectionism, higher prices, and more manufacturing jobs. Which is not a better America, but at least it's a comprehensible goal.
In practice, what will probably happen is that these shenanigans will show up in inflation and jobs numbers, Trump will declare victory over a bunch of nothing-burger concessions by countries that never treated America unfairly to begin with, and the fate of the whole exercise will be left up to China, who may or may not decide to rub America's nose in it, at significant cost to both countries in the short term, and maybe a benefit to China in the long term.
wrote on 24 Apr 2025, 00:08 last edited by jon-nyc@Horace said in Trumpenomics:
… and the fate of the whole exercise will be left up to China, who may or may not decide to rub America's nose in it, at significant cost to both countries in the short term, and maybe a benefit to China in the long term.
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wrote on 24 Apr 2025, 11:07 last edited by
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wrote on 24 Apr 2025, 12:12 last edited by
Finally.....
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wrote on 24 Apr 2025, 12:54 last edited by
Japan said today they won’t take part in a trade pact that requires them to exclude China.
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wrote on 24 Apr 2025, 13:41 last edited by Horace
It's hard to imagine the rest of the world cooperating with Trump in any of his zany economic schemes that he may walk away from next week. Imagine making a permanent enemy of China, over a promise from Trump.
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wrote on 24 Apr 2025, 13:43 last edited by
@Doctor-Phibes That wasn’t even funny though.
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wrote on 24 Apr 2025, 14:06 last edited by
China’s government is projecting confidence that it can outlast the U.S. in a protracted trade war in large part because of the potential damage inflicted by its restrictions on rare earth metals, said Eswar Prasad, a Cornell University economist who has spoken this week with Chinese finance officials.
“That is the choke point,” Prasad said. “Beijing does not feel like it is going to back down and that the U.S. is in no position to dictate terms. A big, big part of that is rare earths, where they feel they have the capacity to do significant harm to American manufacturers.” -
wrote on 24 Apr 2025, 14:43 last edited by
Every time I see Nutlick behind the President it reminds me of a weak 2nd grader hiding behind the fat 3rd grade bully and laughing at all of his playground jokes.
https://www.reddit.com/r/thescoop/comments/1k6ry94/howard_lutnick_all_those_factories_that_youre/
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wrote on 25 Apr 2025, 00:02 last edited by
China needs nada from us - and we only represent 12% of their exports - which they can absorb. Meanwhile, they've made and will continue to make alliances as a result of the US posture. Overall, one wonders if China won't get tired of all the winning.
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wrote on 26 Apr 2025, 14:01 last edited by
More Shapiro being shocked at how dumb this all was
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wrote on 26 Apr 2025, 14:09 last edited by
I'm sure nobody knows more about China than Donald Trump, but it kind of feels like he misunderestimated them a bit.
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wrote on 26 Apr 2025, 16:15 last edited by
Trump knows more about rare earth minerals than anyone. If you have any doubts, just ask him to name one.
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wrote on 28 Apr 2025, 11:09 last edited by
Every once in awhile he sneaks out of whatever room Scott Bessent is holding him in to say “actually my real policy is way crazier than they’re saying”
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wrote on 28 Apr 2025, 15:20 last edited by
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wrote on 28 Apr 2025, 16:45 last edited by
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wrote on 28 Apr 2025, 16:51 last edited by
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wrote on 28 Apr 2025, 16:53 last edited by
This guy put it better than I did:
Embarrassing to tweet this. Stocks are up b/c the market punched you in the mouth over and over and over until you realized your bad policy needed to be walked back. You started walking it back and the president admitted he wouldn’t fire the Fed chair so the markets went back up
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wrote on 28 Apr 2025, 17:41 last edited by
It's almost childish how dumb Bessent is with that remark. The market is still down 10% from when the chaos was unnecessarily started. But you and the other dude put it better than that.
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wrote on 28 Apr 2025, 18:51 last edited by
He has audience of one that he needs to solve for before others.
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wrote on 28 Apr 2025, 19:08 last edited by
I can imagine he is well aware of his assignment, and how ridiculous he has to act in order to do it. I'm glad he's there, and I have no doubt that if he walked away on principle, his replacement would be worse.