The trade and economy mega-thread (3 Viewers)

[superchuck500]

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.

 

[Optimus Prime]

 

[Optimus Prime]

 

[zztop]

its pure propaganda at this point. No two ways about- not a single person in that Administration can tell the American people the truth for fear of repercussions.

There isnt one shred of dignity left in any of them- including Bessent. Who was, prior to this stint, a very HIGHLY RESPECTED Bond trader. They have all sold their souls to be part of this system, and they are willing to gaslight their own family to do so.

Nothing new. It's like when Republicans vote against infrastructure bills, then take credit for the new roads and bridges being built. They do nothing but spin

 

[Optimus Prime]

I’m old enough to remember when the stock market being up last fall was due to Trump.

 

[B4YOU]

I’m old enough to remember when the stock market being up last fall was due to Trump.

The term “Biden overhang” is setting up multiple quarters of excuse making.

 

[UriUT]

Nothing new. It's like when Republicans vote against infrastructure bills, then take credit for the new roads and bridges being built. They do nothing but spin

Still happening.

 

[UriUT]

The term “Biden overhang” is setting up multiple quarters of excuse making.

He's already prepping for it.

 

[superchuck500]

 

[UriUT]

This would ve drove me nuts if I couldn't find this video during the 2024 election.

Karla VanBibber Archer (@karlaarcher) on Threads

Explaining tariffs to MAGA

www.threads.com

Edit.
I didn't see the following before, but it fits.

 

[efil4]

from the comments lololol

 

[MT15]

One of the reasons restaurant dishes taste so much better is they use a fistful of salt and a brick size stick of butter

Can confirm. Both our daughter and SIL waited and bartended through college. She told me the amount of butter they use on stuff is obscene. lol. Tastes great, though.

 

[J-DONK]

from the comments lololol

I need to look at a betting site. Surely someone has a prop bet for Democrats taking the house, and 55+ senate seats. I should get ridiculous odds for that.

 

[Optimus Prime]

 

[zztop]

A bipartisan measure that sought to undo the sweeping tariffs President Donald Trump imposed on most countries this month failed in the GOP-led Senate on Wednesday.

The vote ended in a tie, 49-49, with three Republicans — Rand Paul of Kentucky, Susan Collins of Maine and Lisa Murkowski of Alaska — joining all Democrats present in support of the resolution, which was designed to terminate the national emergency Trump declared to implement his global tariffs

 

[efil4]

Chinese trolling Trump - state media WEIbo account now reporting that the US "quietly" has reached out to China to start talks.

US wants to start tariff talks with China, state media says

BEIJING/WASHINGTON (Reuters) -The United States has approached China seeking talks over President Donald Trump's 145% tariffs, a social media account affiliated with Chinese state media said on Thursday, potentially signalling Beijing's openness to negotiations. "The U.S. has proactively...

www.yahoo.com

Trump tariffs live updates: Trump administration quietly reaches out to Beijing to kick off tariff talks

Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.

finance.yahoo.com

 

[efil4]

Any country buying Iranian oil will not be able to do business with the US- Trump.

Wanna guess who biggest buyer of Iranian oil is? lol.

 

[Optimus Prime]

 

[Optimus Prime]

Hundreds of toymakers have canceled orders since President Donald Trump imposed hefty tariffs on China, raising the prospect of a nightmare before Christmas.

Earlier this month, Trump imposed a 145 percent levy on China — which is responsible for producing 80 percent of all toys and 90 percent of Christmas goods sold in America, according to the New York Times. Now, smaller toy manufacturers have said they’ve been forced to cancel orders due to the markups.

In a Toy Association survey of 410 small and medium-sized toy manufacturers taken this month, 64 percent of small toy companies and 80 percent of mid-sized toy companies said they have canceled orders. Meanwhile, roughly half said they would go out of business within weeks or months if U.S. tariffs on China remained in place.


“We have a frozen supply chain that is putting Christmas at risk,” Greg Ahearn, president and CEO of Toy Association, told the Times. “If we don’t start production soon, there’s a high probability of a toy shortage this holiday season.”……

More than 60 percent of toymakers forced to cancel orders due to Trump’s tariffs

‘We have a frozen supply chain that is putting Christmas at risk,’ a Toy Association executive said

www.independent.co.uk