Trumpenomics

[Horace]

Sounds about right.

[taiwan_girl]

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.

[jon-nyc]

[Axtremus]

h/t WTG

People started sharing receipts for tariffs charged to them:

https://www.buzzfeed.com/meganeliscomb/trump-tariff-receipts-may-2025

[jon-nyc]

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.

[taiwan_girl]

@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.

[Horace]

And it will be interesting to see the "concessions" America gets. My guess is, almost nothing meaningful. Because I'm still not convinced that the rest of the world was "ripping us off" as we became the richest nation on earth.

[jon-nyc]

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.

[Copper]

Wow, what a great president.

[Horace]

@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.

[89th]

@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.

[jon-nyc]

@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.

[Horace]

Count John Stossel, boomer conservative, in with those who don't think the tariffs are a good idea. The set of people who like them remains limited to Trump and exactly two of his advisors.

Link to video

[89th]

I've enjoyed Stossel's segments ever since his "give me a break" segments during 20/20 back in the 90's.

[jon-nyc]

I’ve been reading him at Reason for years.

[Copper]

The importer doesn't like tariffs.

Wow.

[Horace]

@Copper said in Trumpenomics:

The importer doesn't like tariffs.

Wow.

It's so typical that when you punch someone in the face, they'll just whine about how much it hurt. They have no idea how predictable and tedious that whining is. It happens almost every time someone gets punched in the face.

[Doctor Phibes]

@Copper said in Trumpenomics:

The importer doesn't like tariffs.

Wow.

Copper doesn't like it when people criticise President Trump.

Wow.