Economy Trump's April 2nd Tariffs

[Deorum]

To me its pretty crazy how Americans have this idea about how awful the US economy is when if anything the insane economic performance of the US out of the pandemic should have vindicated the "American way" and yet Americans are more cynical and pessimistic than ever.

It only takes the slightest amount of tangible cooperation and unity for the USA to blow everyone the fuck out. And hell, even without it. At one point, China looked inevitable and unstoppable. It peaked at pulling within $6 trillion of America's total nominal GDP, and now that figure is back over $10+ trillion. They have lost major ground, and it's been an unbelievable turn of events.

Kidding aside, it’s actually good to know the guy can understand when things are going wrong and reverse course, even if he’ll lie about everything afterwords or whatever. That’s a glimmer of hope. Maybe? And I’m not going to dig up my old posts, but I’m also on board with taking on China.

I know you are. That's because beyond being a self-identified liberal who likes making money, you're a patriot who will support what is best for the country, regardless of which politicians or party it comes from. Like, who gives a fuck? That's for historical bragging rights of another day.

In regards to China, I'm still not sure that tariffs are the answer there even if "we" drop the insane rhetoric and trade wars with every other country. I will say that DJT's "crazy" export controls and FDI restrictions* during his first term were effective, and it's why the Biden Admin continued them. He also secured the flagplanting TSMC investment into stateside manufacturing (which has since ballooned to $165 billion). Biden then passed the most consequential industrial tech legislation of our lifetime, and we got historic levels of capex as a result. Capex that by and large hasn't even begun to bear fruit.

* Normally, this is considered a good economic driver and great for job creation because it entails foreign capital investment into stateside production. For China, their form of "FDI" basically amounts to CCP linked corporations buying up US tech assets as opposed to outright stealing intellectual property. That's what Trump stopped. On the other hand, the export controls Biden expanded on largely choked off access to the materials, machinery, equipment, software, and services required for the CCP to raise a cutting-edge domestic semiconductor industry.

It’s all bullshit. China has 3 options:

capitulation
devalue the yuan by 30-40%
Biggest stimulus in global history(also devalue the yuan)

They don’t want this smoke

 

[PEB]

 

[IanEdwards]

I posted this in the one of the other threads. She convinced me its all a ploy for negotiations.

yeah, because negotiating before Trump crashed the stock market, devalued the dollar and pushed markets into a panic would just be tooooo simple.

Far better to negotiate after he has shown he doesn't even understand the mechanics of the subject he is negotiating over. That will really intimidate the enemy.

 

[Phisher]

GOP and Trumpers are okay with everything he's doing. It's just all to own the libs.

For a lot of them it's triggering the libs, but some of them are really in a cult.

 

[Fanu]

wow and US got ahead of everyone else by playing by the rules? lmao, what a retarded take

also everyone remember when Japan was projected to overtake US in 70s/80s? US couldn't handle that so it imposed huge restrictions on japanese tech which hampered their economy and made sure US stayed nr1

 

[IanEdwards]

For a lot of them it's triggering the libs, but some of them are really in a cult.

what in the holy fuck is that? its not parody, right? it looks like... it looks like... she is doing a portrait in real time and the assembled masses are like investing it with their prayers, or.... please tell me its parody. please.

 

[Phisher]

what in the holy fuck is that? its not parody, right? it looks like... it looks like... she is doing a portrait in real time and the assembled masses are like investing it with their prayers, or.... please tell me its parody. please.

Nope, it was real.

 

[MrShady]

Trump just put the USA Blue Collar workers in a superior position economically and you're upset?

I like how you're stating an opinion like it's a fact but I wouldn't expect you to know the difference.

Here is a fact tho. You're in a cult brody

 

[IanEdwards]

I was going to say its a shame she gives off such crazy vibes but then I realised that the crazy vibes were exactly what were giving me this like frisson of sexual ambivalence, on the one hand utterly appalled to the point of horror but also strangely wanting to bend her over in a broom closet. I get the vibe her orgasms would be like that moment from The Omen, just like otherworldly and disturbing but sexy. I mean, totally different vibe to fucking Lauren Boebert, absolutely the other end of the mAGa spectrum from her.

 

[Phisher]

wow and US got ahead of everyone else by playing by the rules? lmao, what a retarded take

also everyone remember when Japan was projected to overtake US in 70s/80s? US couldn't handle that so it imposed huge restrictions on japanese tech which hampered their economy and made sure US stayed nr1

China is not Japan in the 80s. It is not dependent on the US. China does more business with ASEAN and the EU than the US.

The US only accounts for about 15% of its combined imports and exports.

If the US cuts trade relations with China and keeps bullying allies, it's just shooting itself in the foot.

Nothing that Trump has done makes any fucking sense whatsoever, especially when you factor in USAID being shut down, which was how the US exercised soft power to combat Chinese influence in developing countries.

 

[Takes Two To Tango]

List of countries by tariff rate - Wikipedia

en.wikipedia.org

 

[PEB]

For a lot of them it's triggering the libs, but some of them are really in a cult.

These are not real Christians they don't feed the poor, cloth the poor, make sure homeless veterans have a roof over their heads. Their pastors don't own 4 private jets and have 1/2 million a year private boxes at sporting venues an 20 million dollar homes.

 

[Takes Two To Tango]

Words of wisdom. Wish he was the US president.

 

[Why did you]

It only takes the slightest amount of tangible cooperation and unity for the USA to blow everyone the fuck out. And hell, even without it. At one point, China looked inevitable and unstoppable. It peaked at pulling within $6 trillion of America's total nominal GDP, and now that figure is back over $10+ trillion. They have lost major ground, and it's been an unbelievable turn of events.

I know you are. That's because beyond being a self-identified liberal who likes making money, you're a patriot who will support what is best for the country, regardless of which politicians or party it comes from. Like, who gives a fuck? That's for historical bragging rights of another day.

In regards to China, I'm still not sure that tariffs are the answer there even if "we" drop the insane rhetoric and trade wars with every other country. I will say that DJT's "crazy" export controls and FDI restrictions* during his first term were effective, and it's why the Biden Admin continued them. He also secured the flagplanting TSMC investment into stateside manufacturing (which has since ballooned to $165 billion). Biden then passed the most consequential industrial tech legislation of our lifetime, and we got historic levels of capex as a result. Capex that by and large hasn't even begun to bear fruit.

* Normally, this is considered a good economic driver and great for job creation because it entails foreign capital investment into stateside production. For China, their form of "FDI" basically amounts to CCP linked corporations buying up US tech assets as opposed to outright stealing intellectual property. That's what Trump stopped. On the other hand, the export controls Biden expanded on largely choked off access to the materials, machinery, equipment, software, and services required for the CCP to raise a cutting-edge domestic semiconductor industry.

Kevin should stick to his usual topics like buying expensive watches

 

[Takes Two To Tango]

More words of wisdom from this great man.

 

[Seano]

More words of wisdom from this great man.

This guy has been selling the same snake oil since the 80s. He's never going to do anything for you. He's part of the very machine he claims is your enemy.

 

[Takes Two To Tango]

This guy has been selling the same snake oil since the 80s. He's never going to do anything for you. He's part of the very machine he claims is your enemy.

Oh ok, let's just trust a man who will destroy your economy in the following years. A guy who's bankrupt how many companies 6 I believe and also is a convicted criminal.

Let's just blindly follow this idiotic megalomaniac like a fool.

 

[pinger]

This guy has been selling the same snake oil since the 80s. He's never going to do anything for you. He's part of the very machine he claims is your enemy.

Literally supports a snake oil salesman in Trump

 

[Seano]

Literally supports a snake oil salesman in Trump

Trump at least tries to deliver what he promises. Bernie has been on the payroll for decades and has done none of what he rants about.

 

[Seano]

Oh ok, let's just trust a man who will destroy your economy in the following years. A guy who's bankrupt how many companies 6 I believe and also is a convicted criminal.

Let's just blindly follow this idiotic megalomaniac like a fool.

The faults you see in one man don't excuse the fault of another.