The trade and economy mega-thread (5 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]

Trump said:

The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!

 

[superchuck500]

 

[efil4]

He pulls Powell, watch out. Markets will not react well because they know Powell is the only free-thinking adult in the room.

 

[efil4]

 

[efil4]

China still trolling Leavitt

 

[superchuck500]

I mean what the fork

 

[superchuck500]

 

[efil4]

Bessent sitting there like a lap dog.

They all sold their soul. Its quite astonishing to see just how many wanted this power and gave up to attain it.

There is a part of me that WANTS Trump to oust Powell just so all the sycophant followers can reap the reward

 

[efil4]

I mean what the fork

Now ask yourself why would Trump Org invest in golf resorts in Vietnam?

"Vietnam, with a population of 100 million, has around 70 golf courses and 100,000 local golfers, according to the Vietnam Golf Association."

https://www.reuters.com/world/trump-organization-eyes-multi-billion-dollar-projects-vietnam-amid-tariff-risks-2025-03-28/

 

[UriUT]

Remember long ago when republicans thought Hunter Biden is a big deal?

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[MT15]

Remember long ago when republicans thought Hunter Biden is a big deal?

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They never cared one bit about Hunter Biden. It was just a ruse they used to fire up their voters who are gullible as freaking babies.

 

[B4YOU]

Oil briefly went below $60 a barrel until the new Iran sanctions. We haven't seen that since April 2021. Expectations are two quarters of zero growth for America with reduced shipping demands.

 

[B4YOU]

Yeah, this is crazy as shirt. Just like whatever moron that was who said that those jobs screwing iPhones together are all coming here - like that would happen and like people would be lining up for those jobs which are sure to be low paying.

Those Iphone jobs are moving to Brazil. Prices will go up because of higher labor costs.

 

[B4YOU]

It's a Global Pause on trade.

 

[efil4]

It's a Global Pause on trade.

And the effects will be felt in wave since larger metro areas will feel it first, rippling out to rural.

Just like economic hardships ripple across US in waves some areas don't feel effects for months relative to other regions.

 

[MT15]

Just like someone said earlier, Trump is basically recreating the pandemic without the actual virus. The inflation caused by this won’t be global though, it will be localized to the US and probably far worse.

 

[longtime lurker]

The good times just keep rolling in for Pennsylvania and Maryland:

Mack Trucks announces layoffs at Lehigh Valley plant, blames tariffs • Pennsylvania Capital-Star

Union leaders announced the company had confirmed layoffs Thursday afternoon. The plant in Macungie employs around 1,200 workers.

penncapital-star.com

Layoffs coming at Mack, Volvo truck plants in Pennsylvania, Maryland

ALLENTOWN, Pa. (WHTM) — Hundreds of workers will be laid off at two truck plants in Pennsylvania and Maryland as company officials say orders are down amid market uncertainty. Volvo Group Nor…

www.abc27.com

 

[Poison]

The good times just keep rolling in for Pennsylvania and Maryland:

Mack Trucks announces layoffs at Lehigh Valley plant, blames tariffs • Pennsylvania Capital-Star

Union leaders announced the company had confirmed layoffs Thursday afternoon. The plant in Macungie employs around 1,200 workers.

penncapital-star.com

Layoffs coming at Mack, Volvo truck plants in Pennsylvania, Maryland

ALLENTOWN, Pa. (WHTM) — Hundreds of workers will be laid off at two truck plants in Pennsylvania and Maryland as company officials say orders are down amid market uncertainty. Volvo Group Nor…

www.abc27.com

Hey, I know this one.

Well we're living here in Allentown
And they're closing all the factories down
Out in Bethlehem they're killing time
Filling out forms
Standing in line