The trade and economy mega-thread (2 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]

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

Gordon Gecko be like " i was around 40 years TOO EARLY "

 

[efil4]

the wins keep coming

Whirlpool Corp. announces Iowa's largest layoff of 2025 in Amana manufacturing facility

A statement from Whirlpool said the layoffs are the result of reduced consumer demand for products made in Amana, primarily refrigeration units.

www.desmoinesregister.com

this was announced yesterday but got lost in the wash

we are just 24 hrs into this and i suspect if true relief isnt on horizon, next few months will see more of this.

 

[Bayouboy]

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.

Worst case scenario is this is the domino that causes the current "Roman Empire" to fall.

 

[efil4]

Worst case scenario is this is the domino that causes the current "Roman Empire" to fall.

Thats a hell of a domino. lol

 

[faceman]

https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html

I've asked several friends if Biden had done the same tariffs,what would your reaction be? None have answered yet.

 

[efil4]

 

[longtime lurker]

Can’t blame the Brits at all:

Trump tells UK to buy chlorinated chicken from US if it wants tariff relief

The UK has long-ruled out allowing imports of chlorine-washed chicken from the US, with Rachel Reeves in November reiterating her opposition

www.independent.co.uk

 

[efil4]

Can’t blame the Brits at all:

Trump tells UK to buy chlorinated chicken from US if it wants tariff relief

The UK has long-ruled out allowing imports of chlorine-washed chicken from the US, with Rachel Reeves in November reiterating her opposition

www.independent.co.uk

he left out the steroid/growth hormone infused chicken at least.

 

[Optimus Prime]

 

[MT15]

 

[UriUT]

Yes. Inclusivity, innovation and stability.

 

[UriUT]

 

[MT15]

Haven’t had time to read this.

Why Trump's "Liberation Day" Tariffs are Illegal

Yesterday, President Donald Trump announced his gargantuan "Liberation Day" tariffs. They impose 10% tariffs on imports from almost every nation in

reason.com

 

[UriUT]

This has crossed my mind. Impose hardship. Then have each industry come to him so that he would create exceptions. Very much like what he's doing to the law community.

 

[t_rav_82]

point drop totals are always going to skew toward current/recent presidents in a bull market. Curious to see what the percentage drops are and how those compare to others.

 

[Optimus Prime]

Treasury secretary begs other countries not to hit back at tariffs

Scott Bessent insisted that the initial market reaction to the tariffs would be a temporary rut on the way to ‘long-term growth’

www.independent.co.uk

 

[Optimus Prime]

Fox host fumes about media focusing on economic ‘pain’ of Trump’s tariffs

‘It’s the art of the deal meets the art of trade war,’ Charles Payne said during his Fox Business show on Thursday afternoon

www.independent.co.uk

 

[Optimus Prime]

Donald Trump’s sweeping international tariffsmay raise the price of Bibles - including the president’s branded version of the holy text.

The CEO of HarperCollins ChristianPublishing, which describes itself as the U.S.’s largest commercial Bible and Christian book publisher, told The Wall Street Journal that it had been “all hands on deck,” after the president announced the tariffs on Wednesday.

Bibles are typically printed on thin paper stock and with presses that are largely located outside the U.S., according to The Journal.

This includes China, where Trump’s official “God Bless the USA” Bibles are printed.…..

Why Bibles could soon get more expensive thanks to Trump’s policy

China, where Trump’s official ‘God Bless the USA’ Bibles are printed, has been hit hard by the president’s sweeping tariffs

www.independent.co.uk