The trade and economy mega-thread (4 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.

 

[efil4]

Reports out of Geneva is US and China have struck some sort of trade deal ( probably framework of a deal, no particulars yet )

Futures should be up here this afternoon.

Hopefully it's meaningful stuff and allowing trade to resume.

 

[efil4]

So this just posted. Trump will EO that pharma prices will reduce by 30 to 80%

 

[MT15]

Meanwhile Trump’s policies are hurting both traditional and new age energy companies. Projects are being abandoned as the price of oil falls below the level to sustain

“The market value of Liberty Energy has fallen by nearly half since its former CEO, Chris Wright, joined Trump’s Cabinet. The company reports it is among many in the industry struggling with the challenges heightened by Trump’s agenda, including “tariff impacts, geopolitical tensions, and oil supply concerns.”

Three months into the new administration, the price of U.S. oil has plunged to below the drilling profitability threshold of about $65 per barrel and the industry is ailing. At the same time, the U.S. energy economy is being further destabilized by White House attacks on clean power. It is a stark reversal from last year, when the United States was rocketing ahead on clean energy projects, pushed by government, and oil industry executives were brimming with optimism amid record production.”

And this little bit of cognitive dissonance:

"Mark Waters says sales at his Odessa, Texas, tools business, which he describes as a “Home Depot for the oilfields,” are down about 10 percent. He does not regret voting for Trump, saying he is willing to take a personal hit to support the president’s agenda.
But he said it is ironic that over the decades he has made a lot more money when the party he despises is in power.
“The oil business has thrived under Democratic leadership despite them being true haters of all things fossil,” Waters said. “For whatever reason, I made millions of dollars under Clinton. Then I made even more under Obama and Biden. I have never had a solid explanation.”
His business outlook for the coming months under Trump?

“Hopefully it won’t be catastrophic,” Waters said.”

 

[Neworleansfan]

So this just posted. Trump will EO that pharma prices will reduce by 30 to 80%

Nice and all but how is this going to work with private insurance.

 

[MT15]

His EO means nothing to international corporations. What a joke.

 

[efil4]

Nice and all but how is this going to work with private insurance.

I have no idea how an EO can accomplish this.

None. Waiting for someone to explain because I can't come up with any idea. Maybe just Medicare/Medicaid?

 

[fooferdoggie]

So this just posted. Trump will EO that pharma prices will reduce by 30 to 80%

How when he put tariffs on them?

 

[efil4]

 

[efil4]

Ok so applies to folks on Medicare/Medicaid and he attempted this in first term, which was struck down by the courts.

Most Favored Nation Pricing Temporarily Halted By Courts

<p>In late December, the courts halted President Trump’s international reference-pricing scheme, the Most Favored Nation model, saying the administration had improperly attempted to implement a radical change in Medicare reimbursement policy.</p>

www.lifescienceleader.com

And in true Trump fashion, he reversed Bidens Inflation Reduction Act on lowering drug costs by EO on day 2 in office in Jan 2025.

Trump Reverses Some Biden Drug Pricing Initiatives, Potentially Impacting Medicare Costs

Experts suggest that most Americans will not experience immediate changes in their out-of-pocket health care expenses.

www.ajmc.com

Now he basically redoing, under his Admin

My goodness.

 

[efil4]

Lol Grok answers...reminding everyone Rs tried to block Biden IRA but it passed in reconciliation

 

[UriUT]

Reports out of Geneva is US and China have struck some sort of trade deal ( probably framework of a deal, no particulars yet )

Futures should be up here this afternoon.

Hopefully it's meaningful stuff and allowing trade to resume.

It's not even a framework. Lol. It's a we will talk, maybe.

There is no substance with trump.

 

[Neworleansfan]

Premarket is reacting to larger than expected China and US tariff reset.

 

[bird]

Premarket is reacting to larger than expected China and US tariff reset.

Unsurprising.

Unless there is concrete results this amounts to stock manipulation. Trump is scam 24/7. An actual deal requires signed documents and congressional approval.

 

[efil4]

Premarket is reacting to larger than expected China and US tariff reset.

And I'm now willing to bet he will take credit for the market reaction at some point.

 

[superchuck500]

Trump inventing new concepts again - wow, equalizing - so brilliant!

 

[superchuck500]

You’re the nastiest EU!

 

[MT15]

It’s so embarrassing to have him as our president. Cringeworthy AF.

 

[UriUT]