Economy Trump's April 2nd Tariffs

[HockeyBjj]

Dow up a thousand as Trump indicates he's backing off this mass tarriffs for everyone idea

https://www.cnn.com/2025/04/22/business/trump-china-trade-war-reduction-hnk-intl/index.html

Sure would have been nice to have him not slammed his dick in the car door tho. Still down 4,000 points from the after election enthusiam, and down 2,000 this "liberation day"

Economy was going well and the dumbass could have ridden on that as it made slow and steady progress through his 4 years and he could have claimed that as a success. But nope. Dick in the car door it goes.

 

[Andy Capp]

I dont want to sound argumentative, but after 3 months of Trump, do you still buy the "cutting corruption/waste" nonsense?
What baffles me is there is absolutely NOTHING pointing out to this, besides faith. You have to have faith they are even trying to do any of it, because I havent seen shit that would convince me to the slightest they are doing it.

Saying Musk found trillions in corruption/waste is propaganda. He would be able to prove his claims right now if they were any true.

"DOGE Is Far Short of Its Goal, and Still Overstating Its Progress
Elon Musk now says his group will produce only 15 percent of the savings it promised. "

DOGE Is Far Short of Its Goal, and Still Overstating Its Progress

Elon Musk now says his group will produce only 15 percent of the savings it promised. But even that estimate is inflated with errors and guesswork.

www.nytimes.com

lol @ "savings"

DOGE has failed to cut anywhere near what Musk promised

Comment: On top of that, Trump's increased federal spending almost completely negates $150B in cuts

www.theregister.com

...its actual results are so far falling far short of the Tesla tycoon's original promises.

Musk pledged to use his so-called Department of Government Efficiency, aka DOGE, to cut $2 trillion in federal spending, fraud, and waste when Trump elevated him to the pseudo-cabinet level post shortly after winning re-election last year. Uncle Sam spends about $7 trillion annually.

The SpaceX oligarch later revised that target number down to $1 trillion, and in a White House cabinet meeting this month, the world's richest man shared that he was "excited to announce" around $150 billion in savings for fiscal year 2026, which for the federal government begins this coming October.


That number is roughly echoed by a DOGE savings tracker, updated weekly, that purports to show "estimated savings" of $155 billion so far at time of writing - supposedly with receipts.

But those receipts seem to be a bit, well, questionable. As numerous outlets have reported, the data shared on DOGE's website has been riddled with mistakes, with inflated cuts, credit claimed for contracts terminated years ago, and claims of contract cancellations that appeared to be incorrect.

Even if it were unimpeachably accurate, it's far cry from the trillion-dollar target Musk claimed he'd be able to accomplish by the time his 130-day tenure as a special government employee expired.

More damningly, it's a blip in overall government spending - around 2.2 percent of the $6.8 trillion the Feds spent in 2024.

Speaking of federal government spending …​

And then there's the fact that the US government has already spent at least $135 billion more this year than it did in 2024, although at least some of that spending was locked in before Trump's second term began.

That data comes courtesy of the Brookings Institution's Hamilton Project, an economic research group, which maintains a real-time tally of federal government spending flowing from the Treasury's Bureau of Fiscal Service to various other departments.

As of April 15, the Trump administration has spent $2.334 trillion, whereas the Biden administration had only notched $2.199 trillion in spending by the same date in 2024 - not a big difference on a graph, but a lot of extra cash being doled out as the administration ostensibly tries to cut costs.

And where, you may wonder, is that extra spending coming from? Based on our scroll through the various outlay recipients available in the graph, a chunk of that extra spending is coming from sources like the Treasury Department's judgements fund, the source of government money that gets paid out when the Feds lose a lawsuit, which so far has doled out $1.5 billion compared to just $430 million by the same point last year.

 

[rj144]

Dow up a thousand as Trump indicates he's backing off this mass tarriffs for everyone idea

https://www.cnn.com/2025/04/22/business/trump-china-trade-war-reduction-hnk-intl/index.html

Sure would have been nice to have him not slammed his dick in the car door tho. Still down 4,000 points from the after election enthusiam, and down 2,000 this "liberation day"

Economy was going well and the dumbass could have ridden on that as it made slow and steady progress through his 4 years and he could have claimed that as a success. But nope. Dick in the car door it goes.

He's clearly doing a dump and pump scheme with the market making the rich, richer.

 

[AWilder]

Dow up a thousand as Trump indicates he's backing off this mass tarriffs for everyone idea

https://www.cnn.com/2025/04/22/business/trump-china-trade-war-reduction-hnk-intl/index.html

Sure would have been nice to have him not slammed his dick in the car door tho. Still down 4,000 points from the after election enthusiam, and down 2,000 this "liberation day"

Economy was going well and the dumbass could have ridden on that as it made slow and steady progress through his 4 years and he could have claimed that as a success. But nope. Dick in the car door it goes.

Ron Vera said this plan was fool proof. Trust the plan

 

[lowlife]

He's clearly doing a dump and pump scheme with the market making the rich, richer.

I think that's more of a side effect of his stupidity, that those in the know can capitalize on. I don't think that's his main play; imo he's just a classic dumb bully, that folds like a bitch when his intimidation tactics don't work or his plans blow up in his face. The man has declared bankruptcy multiple times; if he wasn't born into wealth he would likely be a shitty used car salesman somewhere.

 

[rj144]

I think that's more of a side effect of his stupidity, that those in the know can capitalize on. I don't think that's his main play; imo he's just a classic dumb bully, that folds like a bitch when his intimidation tactics don't work or his plans blow up in his face. The man has declared bankruptcy multiple times; if he wasn't born into wealth he would likely be a shitty used car salesman somewhere.

I think calling for tariffs and backing off them, is clearly a dump and pump though.

 

[MeatheadMike]

Dow up a thousand as Trump indicates he's backing off this mass tarriffs for everyone idea

https://www.cnn.com/2025/04/22/business/trump-china-trade-war-reduction-hnk-intl/index.html

Sure would have been nice to have him not slammed his dick in the car door tho. Still down 4,000 points from the after election enthusiam, and down 2,000 this "liberation day"

Economy was going well and the dumbass could have ridden on that as it made slow and steady progress through his 4 years and he could have claimed that as a success. But nope. Dick in the car door it goes.

He also backed off on his previous threats to fire Powell (which he wouldn't be able to legally do anyway).

 

[curryjunkie]

Devaluing the dollar to own the libs..

 

[curryjunkie]

 

[Anung Un Rama]

Dow up a thousand as Trump indicates he's backing off this mass tarriffs for everyone idea

https://www.cnn.com/2025/04/22/business/trump-china-trade-war-reduction-hnk-intl/index.html

Sure would have been nice to have him not slammed his dick in the car door tho. Still down 4,000 points from the after election enthusiam, and down 2,000 this "liberation day"

Economy was going well and the dumbass could have ridden on that as it made slow and steady progress through his 4 years and he could have claimed that as a success. But nope. Dick in the car door it goes.

This is a great analogy because when your dick is as small as his you'd have to put in extraordinary effort to slam you dick in a car door.

 

[Substance Abuse]

 

[curryjunkie]

Like a guy offering to shake your hand after sucker punching you..

 

[Whippy McGee]

It's wild to watch the Left Cult fight against the U.S.A. having better trade deals.

The Left is the American hating clowns that we said they were.

 

[SandisLL]

Trump told that will reduce def budget. Some stocks went down... then pretty soon he told opposite, that def budget will be ....increased...some stocks went up... vuala.

 

[curryjunkie]

It's wild to watch the Left Cult fight against the U.S.A. having better trade deals.

The Left is the American hating clowns that we said they were.

 

[PBAC]

Ok so read a news article hè has caved to china? Now what?

 

[Zazen]

It's wild to watch the Left Cult fight against the U.S.A. having better trade deals.

The Left is the American hating clowns that we said they were.

Your brain on Fox News ladies and gentleman.

 

[Darkavius]

It's wild to watch the Left Cult fight against the U.S.A. having better trade deals.

The Left is the American hating clowns that we said they were.

What if it's not a left or right thing but just the dislike of starting a trade war? I understand those who support better trade deals but what deals has Trump struck with other countries yet that was better than the previous one? I keep hearing things like he's close to deals with Japan or India but what are the specifics? Additionally, lets say he strikes a new tariff deal with other countries it still has 2 very big problems.

One, America cannot produce everything within its own lands efficiently, cheaply or sometimes at all. Two, for those who support new trade deals has anyone asked what is going on with the External Revenue Service? Once all this revenue is supposed to come in wasn't there a group who was supposed to collect this money? If so, who is apart of this group?

 

[curryjunkie]

Your brain on Fox News ladies and gentleman.

Speaking of which haven't seen tuckersucker for a few days, no doubt he will reappear and declare Trump winner of the 4D chess match now he's pussied out and the market has risen a little.

 

[Zazen]

I wonder if someone got in his ear that made him genuinely scared. Assassination talks were probably happening at some point. I mean you can’t fuck with peoples money like that and expect nothing to happen. I still don’t think he’ll handle the economy well but for a narcissist like him to back down on everything like this makes me think someone was like “ dude you better fix this shit quick because some powerful people are real real mad at you.”