The trade and economy mega-thread (6 Viewers)

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superchuck500

superchuck500

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Is there a trade deal with China? Is it really a deal or just a pull-back to status quo ante? Is Trump advancing US interests in this well-executed trade battle plan or was this poorly conceived from the start . . . and harmful?

I think the jury's still out, but I haven't seen that the Chinese are offering much in compromise - and it's not even clear if there's going to be an agreement. But it's clear they are working on something and I'm sure Trump will sell it as the greatest trade deal ever. The proof will be in the details.


 
FYI, saw it posted by quite a few people on bluesky. Russia is not on the tariffs list.
 
UriUT said:
FYI, saw it posted by quite a few people on bluesky. Russia is not on the tariffs list.
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No, and the excuse makes no sense. We still do a small amount of trade even though they are on sanctions. We do more trade witih Russia then we do some of these small island nations.
 
J-DONK said:
No, and the excuse makes no sense. We still do a small amount of trade even though they are on sanctions. We do more trade witih Russia then we do some of these small island nations.
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Especially the uninhabited ones or the one that is only a US military base.
 
UriUT said:
FYI, saw it posted by quite a few people on bluesky. Russia is not on the tariffs list.
Click to expand...

Well they said they would be transparent.

So dont doubt what your eyes are seeing.

as insane and just bat-shirte crazy as the recent rumors that Trump is a Russian asset ( Krasnov is reportedly his code name ) from the 80s, its becoming more plausible.
 
efil4 said:
the good news, like for most of us, is we still have a few years to recoup losses. The irritation for me comes from the fact that had it not been for this ridiculous agenda, id be building on a portfolio that is 10% more in value. Instead, now we have to "claw back" losses, which i suspect will take a good 12 months. Just to get back to Jan 2025 starting point.

Thats what is so infuriating to me. EVERYONE that had half a financial brain was screaming this.

So either he simply did this because he is an idiot or there is a purpose behind ( akin to @Dragon said ) - NEITHER are good for the outcome.
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That's an optimistic POV, because our exports are going to plummet. If manufacturers build plants in the U.S., they're only going to be building for the U.S. market, because our products will be too expensive for other countries. Our cost of living is going to skyrocket. Our companies that have dominated the world are going to lose a lot of their markets. The BREXIT analogy is good, but inadequate, because BREXIT didn't impose tariffs on the rest of the world. BREXIT caused the U.K. to lose leverage, but this is devastating our leverage. A few lacky countries that are highly reliant on the U.S., like Israel, will change their policies, but most of the world will find other markets. If that happens, then the U.S. will suffer greatly, and it will take more than 12 months for our 401ks to recover.
 
Lapaz said:
That's an optimistic POV, because our exports are going to plummet. If manufacturers build plants in the U.S., they're only going to be building for the U.S. market, because our products will be too expensive for other countries. Our cost of living is going to skyrocket. Our companies that have dominated the world are going to lose a lot of their markets. The BREXIT analogy is good, but inadequate, because BREXIT didn't impose tariffs on the rest of the world. BREXIT caused the U.K. to lose leverage, but this is devastating our leverage. A few lacky countries that are highly reliant on the U.S., like Israel, will change their policies, but most of the world will find other markets. If that happens, then the U.S. will suffer greatly, and it will take more than 12 months for our 401ks to recover.
Click to expand...


i gotta be optimistic right now.
 
efil4 said:
Dont lose sight of WHO came to US.

Head of Russian Sovereign Fund.

The same type of Fund Trump is looking to establish.

So the WH is being advised by Russians?
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Or tank the economy so that these mafia boss can by low? Nothing but corruption in any case. Again, how are Americans this stupid?????

Hey, tank the economy so badly that immigrants won't want to come to the US any longer!!! Yay
Run trans back into the darkness! Yay us!
Standard of living down! Yay us!
 
Just a reminder. All of this isn't unforeseen. We were told by economists that Trump's policy (tariffs) would endanger the US economy. And with simple understanding of economics would lead one to the same conclusion. During the campaign, Trump would incoherently, to put it mildly, sell tariffs and any quack job idea and the NYTimes or USAToday would label it as "Trump expressed his economic vision".

I cannot find the link anymore. Three quarters of the executive of manufacturing firms admitted that Biden's policy expanded or helped their sector. Yet these same people were decidedly pro-Trump. WTF!!!!!

Bluesky

bsky.app

1743694462967.png
 

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