Trumpenomics
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If there were a case to be made that the tariffs would increase long term prosperity, even with some short term pain, so be it, but they never make any such case. They just make the claim. And almost every expert in the world makes the case about why they're wrong.
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There have to be people in the administration who talk the "party line" and then go home and have a strong gargle with salt water to clear out their mouth. Not sure who these people are however.
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Good news, chaps - we'll soon be able to afford to own British cars. Because if there's one thing I miss about blighty it's standing there in the pouring fucking rain trying to get the bloody thing to start.
Trump reduces tarriff on British cars, steel and aluminium to 10%
You only get a 'u' with aluminium
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For my view, I think that we could find alternatives for the rare earth minerals, etc.
For me, the more concern is that China is moving in to our traditional allies. The US has lost some of its trusted status, which is a bigger long term problem.
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h/t WTG
People started sharing receipts for tariffs charged to them:
https://www.buzzfeed.com/meganeliscomb/trump-tariff-receipts-may-2025
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So we’re apparently backing down to 30% tariffs on China and vice versa for 90 days to have time to make some kind of deal. Futures markets are happy.
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Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.
Only non-witches get due process.
- Cotton Mather, Salem Massachusetts, 1692
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Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.
@jon-nyc said in Trumpenomics:
Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.
I mean, concessions as compared to status quo before the world trade war was declared by Trump.
Education is extremely important.
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@jon-nyc When all is finished it will be interesting to see a table of before tariffs vs after tariffs for various countries and see how much (if any) change there was.
@taiwan_girl said in Trumpenomics:
@jon-nyc When all is finished it will be interesting to see a table of before tariffs vs after tariffs for various countries and see how much (if any) change there was.
Also need to account for GDP and/or jobs lost, and cost increase to citizens, for what seems to be a completely pointless exercise in bullying.
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@jon-nyc said in Trumpenomics:
Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.
I mean, concessions as compared to status quo before the world trade war was declared by Trump.
@Horace said in Trumpenomics:
@jon-nyc said in Trumpenomics:
Well they backed their reciprocal tariff down from 125% to 30% also. Not clear whether they’ve backed off the rare earths moratorium. I haven’t heard about it so I’m guessing not.
I mean, concessions as compared to status quo before the world trade war was declared by Trump.
They are bragging that there were none and that they’re the only country being treated as an equal.
