The trade and economy mega-thread (13 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.

 

[wardorican]

Excuse me, Sir! That's America Mexicana to you!

 

[superchuck500]

 

[Dragon]

Well the EU should just move its imports to Canada instead

U.S. Census Bureau data indicate that U.S. exports of steel products to the EU have been valued at approximately $2–3 billion per year. U.S. exports of aluminum products to the EU have been valued between $500 million and $1 billion /year.

 

[DJ1BigTymer]

AHH! More of his 4D trade negotiation tactics at work, can't wait to see the end results of this one.

 

[bird]

https://www.reuters.com/markets/us/trump-says-us-might-have-less-debt-than-thought-2025-02-09/

Problems with Treasuries?

You’ve been reading about that?

This imbecile is going to tank the world economy let alone our economy.

 

[Dragon]

https://www.reuters.com/markets/us/trump-says-us-might-have-less-debt-than-thought-2025-02-09/

Problems with Treasuries?

You’ve been reading about that?

This imbecile is going to tank the world economy let alone our economy.

That is the plan. Crash the economy and buy companies cheap on the dollar afterwards. Except most of the world is on to this and are creating new trading partnerships. The US however may become a paria if this continues

 

[zztop]

Voters Were Right About the Economy. The Data Was Wrong. Here’s why unemployment is higher, wages are lower and growth less robust than government statistics suggest.

The bottom line is that, for 20 years or more, including the months prior to the election, voter perception was more reflective of reality than the incumbent statistics. Our research revealed that the data collected by the various agencies is largely accurate. Moreover, the people staffing those agencies are talented and well-intentioned. But the filters used to compute the headline statistics are flawed. As a result, they paint a much rosier picture of reality than bears out on the ground.

 

[bird]

Voters Were Right About the Economy. The Data Was Wrong. Here’s why unemployment is higher, wages are lower and growth less robust than government statistics suggest.

The bottom line is that, for 20 years or more, including the months prior to the election, voter perception was more reflective of reality than the incumbent statistics. Our research revealed that the data collected by the various agencies is largely accurate. Moreover, the people staffing those agencies are talented and well-intentioned. But the filters used to compute the headline statistics are flawed. As a result, they paint a much rosier picture of reality than bears out on the ground.

The data has been wrong for multiple decades.

Economics is not science. It is philosophy.

 

[DJ1BigTymer]

Voters Were Right About the Economy. The Data Was Wrong. Here’s why unemployment is higher, wages are lower and growth less robust than government statistics suggest.

The bottom line is that, for 20 years or more, including the months prior to the election, voter perception was more reflective of reality than the incumbent statistics. Our research revealed that the data collected by the various agencies is largely accurate. Moreover, the people staffing those agencies are talented and well-intentioned. But the filters used to compute the headline statistics are flawed. As a result, they paint a much rosier picture of reality than bears out on the ground.

Pfft..research, smeaserch!!! Things will just magically go the way you want them...even when they don't.

 

[DaveXA]

Pfft..research, smeaserch!!! Things will just magically go the way you want them...even when they don't.

If it doesn't go well, they'll either blame the Democrats or the other country.

 

[Mr. Blue Sky]

If it doesn't go well, they'll either blame the Democrats or the other country.

Correct .

This is why if everything crashes and burns, i dont think it’ll change much if anyhting .

The majority of Maga voters i know personally (and the ones ive heard from online) seemed like the main reason , besides omg owning the libs !!, the main reason they voted for Trump was to blow everything up and/or burn it to the ground.. sure would be nice to see some ownership from those same folks in 6 months or a couple years from now- like with everything else though im not holding my breath .. will be fascinating to see how ludicrous the mental gymnastics become to blame anyone but Trump and the conservatives & repubs .

 

[Optimus Prime]

If it doesn't go well, they'll either blame the Democrats or the other country.

Correct .

This is why if everything crashes and burns, i dont think it’ll change much if anyhting .

The majority of Maga voters i know personally (and the ones ive heard from online) seemed like the main reason , besides omg owning the libs !!, the main reason they voted for Trump was to blow everything up and/or burn it to the ground.. sure would be nice to see some ownership from those same folks in 6 months or a couple years from now- like with everything else though im not holding my breath .. will be fascinating to see how ludicrous the mental gymnastics become to blame anyone but Trump and the conservatives & repubs .

The party of personal responsibility

 

[Neworleansfan]

New talking point for Republicans “national debt is causing the inflation” to justify what DOGE and president Elon are doing.

 

[efil4]

New talking point for Republicans “national debt is causing the inflation” to justify what DOGE and president Elon are doing.

The talking point isnt for all Republicans- just the dumb ones who literally have no idea how economics work.

And that makes up 80% of his base support.

The other 20% know what this is really all about and are ok with because they agree on other things that are more important to them than a functioning government.

 

[superchuck500]

 

[superchuck500]

Trump says the tariffs are going forward March 4. "We've been mistreated very badly."

President Donald Trump indicated on Monday that he intends to go ahead with plans to impose a 25 percent tariff on all Canadian and Mexican goods beginning early next week.

“The tariffs are going forward on time, on schedule,” Trump said at a joint press conference with French President Emmanuel Macron, who is in Washington for talks on Ukraine and other matters.

Trump has threatened to impose a 25 percent tariffs on the two North American neighbors in order to pressure them to do more to stop undocumented migrants and fentanyl from entering the United States. The duties were originally scheduled to go into effect on Feb. 4, but Trump delayed them for 30 days after talking by phone with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum.

With the new deadline looming on March 4, Trump was asked by a reporter on Monday whether either Canada or Mexico had done enough to stop the duties from going into effect.

“We’re on time with the tariffs, and it seems like that’s moving along very rapidly,” Trump responded. “We’ve been mistreated very badly by many countries, not just Canada and Mexico.”

https://www.politico.com/news/2025/02/24/trump-canada-mexico-tariffs-take-effect-next-week-00205795

 

[efil4]

not to worry- Trump has a tentative deal on the table.

Putin offered joint production of aluminum, promising the Americans “good profits” and 2 million tons of metal in their market.

 

[efil4]

https://www.cnbc.com/2025/02/25/february-consumer-confidence-comes-in-lighter-than-expected-in-latest-sign-of-slowing-economy.html

Biggest drop since August 2021

and thats when inflation started to settle in.