Trumpenomics

[Horace]

@jon-nyc said in Trumpenomics:

Cliff Asness comments:

I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

Yep.

At least Trump will make pro capitalism noises though.

[Axtremus]

@Horace said in Trumpenomics:

@jon-nyc said in Trumpenomics:

Cliff Asness comments:

I may have mentioned this but we have two economically left-wing parties now that only differ in their preferred pronouns.

Yep.

At least Trump will make pro capitalism noises though.

Perhaps along with also more ICE raids at Walmart locations?

[jon-nyc]

Maybe the phone isn’t really ringing off the hook.

[jon-nyc]

[jon-nyc]

[jon-nyc]

Wait, I thought foreigners paid the tariffs.

[89th]

I know this is wasted CO2 at this point but how does Trump have the "power" to point to a specific company and tell them they're going to pay a 25% tax on their products?

[Axtremus]

I vaguely recall there is a political ideology that says the government centrally controls what you produce. What's that called again?

[jon-nyc]

Of course it would cost way more than 25% of the iPhone price just to manufacture them here, to say nothing of the cost of building new plants, etc, to accommodate a policy that will be voided by the next administration. So we'll get more expensive phones AND no jobs.

Win-win!

[Horace]

Tim Cook made a valiant effort to explain things to him in the white house last week, but apparently to no avail. Trump lives in his own economic reality. So, this will just be a drag on America's greatest company, to no benefit to anybody, other than maybe Apple's international competition.

[Axtremus]

@Horace said in Trumpenomics:

So, this will just be a drag on America's greatest company, ...

No, this will not be a drag on the Trump Organization.

[jon-nyc]

And foreign governments know this too.

[LuFins Dad]

@Axtremus said in Trumpenomics:

I vaguely recall there is a political ideology that says the government centrally controls what you produce. What's that called again?

The Democrat Party. Congratulations on getting a Democrat in the White House.

[Axtremus]

Back to 50% tariffs for the EU.

https://truthsocial.com/@realDonaldTrump/114556968834547173

... Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. ...