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Trump administration 2024-2028

Following yesterday’s bounce, the markets seem to be back to realizing how extremely bad the effective trade blockade against China is going to be for the U.S. economy. The major U.S. indices are down between 5-6.8% midday. 10% tariffs on everyone else, and steel/aluminum/auto sector tariffs against Canada are still objectively very, very bad on their own. The markets reacted yesterday as if the macroeconomic shitstorm had been solved, but it hasn’t remotely. The ride will remain very, very bumpy. As CNBC pointed out in an article yesterday, the major stock indices’ biggest upwards moves have historically happened as temporary rallies within larger major downturns. Yesterday tracks that.
 
There is a plan, but it's economic garbage.

Also: if the goal is to shift bilateral trade balances (ie. from deficit to neutral or surplus from the US's perspective), it will fail due to the same underlying phenomena which destroy most attempts at central planning. Central planners can't outguess millions of people mostly free to make their own purchasing decisions.
 
Czech_pivo said:
The condition will be, none of the weapons can be used against Russia.
Click to expand...
Bought not supplied. There are no conditions on weapons that are bought with cash.

This is one of 47’s main desires is to have Ukraine use EU money to buy US weapons, and receive US assistance in using them effectively against Russia.
 
Just listening to CNN on the radio. Looks like Congress is going to go after Trump and his inner circle for insider trading as it appears they may have been buying and selling over the past few days. Including Trump himself…

time.com

Breaking Down 'Insider Trading' Accusations Leveled at Trump

Senator Adam Schiff wants Trump to be investigated over potential insider trading and stock market manipulation.
time.com time.com
 
Cloud Cover said:
Just listening to CNN on the radio. Looks like Congress is going to go after Trump and his inner circle for insider trading as it appears they may have been buying and selling over the past few days. Including Trump himself…

time.com

Breaking Down 'Insider Trading' Accusations Leveled at Trump

Senator Adam Schiff wants Trump to be investigated over potential insider trading and stock market manipulation.
time.com time.com
Click to expand...
Ya but the SCOTUS has said he himself can essentially commit no crime.
 
Trump has pretty much killed trade with the United State's third biggest partner.

US --> China: 145%
China --> US: 125%

“Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the ministry said in a statement, according to a CNBC translation.

“With tariff rates at the current level, there is no longer a market for U.S. goods imported into China,” the statement noted, adding that “if the U.S. government continues to increase tariffs on China, Beijing will ignore.”
Click to expand...

China strikes back with 125% tariffs on U.S. goods, starting April 12
Alt: https://archive.ph/kpltI
 
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Good2Golf said:
Maybe the race is about to start to see if the EUR or RMB becomes the new global currency, once the USD ceases being the de factor global currency?
Click to expand...

Water is still murky on that. The EU and China are wasting no time though, they're hammering out a deal to get Chinese EV's into Europe.
 
I mean, I knew this was coming, but I wonder if the MAGA base will be as not-surprised as I am, or if they even care at all.

Probably not. Despite "illegal immigrants" being one of the #1 issues, they'll take whatever bullshit spin Trump puts on it and swallow it whole.

www.nbcnews.com

Trump floats plan for undocumented farm and hotel workers to work legally in the U.S.

The president's comments suggested a vague plan that would allow the government to bring back "great" people who are "working hard" and who "go out ... in a nice way."
www.nbcnews.com www.nbcnews.com
 
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