Trump Presidency Round 2

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ab2cmiller

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Sea Turtle said:
Keeping tariffs on China? Pausing on everyone else? Is that correct, guys?

Sorry, at work and can only read headlines.
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Everyone gets hit with a 10% tariff

China 125%

The language that I heard was that they were pausing "most" of the other tariffs. I guess we will see what "most" is later.
 
NDVirginia19

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ab2cmiller said:
Everyone gets hit with a 10% tariff

China 125%

The language that I heard was that they were pausing "most" of the other tariffs. I guess we will see what "most" is later.
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My guess is "most" meaning they're still going to implement specific reciprocal tariffs (eg. Canadian poultry, etc.) but drop the across the board blanket tariffs
 
TorontoGold

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ab2cmiller said:
It's concerning how "transactional" Trump is. Trump basically believes that any fallout from bullying, leveraging, stoking fear (or any other means) is transient.

I'm glad that Trump is getting other NATO members to finally step up with additional funding, but it came at a cost of hurting our relationship with our allies.

I'll be glad if Trump comes out of this trade thing with concessions from trading countries that significantly benefit the United States. Does it come at a cost of harming the trading relationship to the point where other countries choose to pursue more trade with China.

On the one hand I'd like to believe some of these things could've been accomplished through diplomacy, on the other, I'm wondering if it took "shock and awe" types of things to get people to move.
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One of the great aspects about the US economy is it's legitimacy, the underlying belief that the US knows what they're doing. People in finance use the US as the gold standard, but if that belief wavers it's impact will incredibly pervasive.

The reason why Biden never embarrassed the US on the world stage is because he at least had a capable team of people in his cabinet to handle the #1 thing, which is the economy. American foreign policy is largely uniparty, American international trade used to be uniparty, but having a dumb dog like Trump and his financial terrorists is ridiculous.

If normal people were in the senate and house he would have been impeached and removed.
 
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ab2cmiller

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So, with the gains so far today, the market is down 6.5% from the 4/2/25 closing amount for the S&P.

Does that seem reasonable?

I mean as things currently stand, we slapped 10% tariffs on everyone, simply stated we were "pausing" the other tariffs for 90 days, and started a huge trade war with China where we are slapping a 125% tariff on them.

It seems like a larger net drop would be justified and the market is simply knee-jerking.
 
ulukinatme

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TorontoGold said:
One of the great aspects about the US economy is it's legitimacy, the underlying belief that the US knows what they're doing. People in finance use the US as the gold standard, but if that belief wavers it's impact will incredibly pervasive.

The reason why Biden never embarrassed the US on the world stage is because he at least had a capable team of people in his cabinet to handle the #1 thing, which is the economy. American foreign policy is largely uniparty, American international trade used to be uniparty, but having a dumb dog like Trump and his financial terrorists is ridiculous.

If normal people were in the senate and house he would have been impeached and removed.
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I'd say most of this is correct, except the bolded.
 
TorontoGold

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ulukinatme said:
I'd say most of this is correct, except the bolded.
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Which international leader came out against Biden? Maybe Bibi?

You've already seen Canada come out and say we can't rely on the US. The EU is considering using anti-coercion measures that were designed to be used against China, but now they want to use it on the US.

Biden had his blunders but nothing even remotely to the extent of what Trump has done. If Biden is a dog shitting on your neighbors grass, Trump is essentially an arsonist who burnt the neighbors house down. It's not comparable.
 
ulukinatme

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TorontoGold said:
Which international leader came out against Biden? Maybe Bibi?

You've already seen Canada come out and say we can't rely on the US. The EU is considering using anti-coercion measures that were designed to be used against China, but now they want to use it on the US.

Biden had his blunders but nothing even remotely to the extent of what Trump has done. If Biden is a dog shitting on your neighbors grass, Trump is essentially an arsonist who burnt the neighbors house down. It's not comparable.
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That's not what you said though. You said Biden didn't embarrass us on the world stage. There were plenty of embarrassing moments, to a point he was lampooned in at least Australia and Europe in comedy skits showcasing his sleepiness, poking fun at his speaking mishaps and dementia, etc.
 
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Irish#1 said:
That's not what I meant. I guess I'm too dumb to explain it in a way that you would understand, but I'll try one last time. Trump announces tariffs on Monday that will go into effect on Thursday the following week (I'm just using arbitrary days, so don't get hung up on them). The market immediately reacts, rather than waiting until Thursday when they go into effect. Why? Speculation! In the meantime tariffs get negotiated and the tariffs initially quoted are eliminated, reduced or are increased so the impact isn't quite what was speculated when they were announced. That's what I meant. BTW.....If you need any help downloading the H&R Block software let me know.
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Isn't speculation the entire point of the market? Constantly trading in and out of positions based on the public information participants have at the moment? Even buying a total market index fund - betting the market will go up - is a matter of speculation. I don't know what the market is without speculation. When in Sept 2008 is someone allowed to dump AIG stock if they're not speculating? When can someone buy Apple after they initially announced the iPhone? Why don't all automakers have the same P/E ratio?

I have no love for Wall Street, but I have not seen any evidence they are an irresponsible participant in this.
 
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BuaConstrictor

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ulukinatme said:
. You said Biden didn't embarrass us on the world stage. There were plenty of embarrassing moments, to a point he was lampooned in at least Australia and Europe in comedy skits
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Just to be clear here...you're comparing Biden getting lampooned in some comedy sketches in other countries(things we do here..for even well liked/loved presidents) to Trump getting laughed at by members of the UN to his face and being completely disregarded and mocked by other world leaders.

THAT is your position of comparison? Holy shit.
 
TorontoGold

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ulukinatme said:
That's not what you said though. You said Biden didn't embarrass us on the world stage. There were plenty of embarrassing moments, to a point he was lampooned in at least Australia and Europe in comedy skits showcasing his sleepiness, poking fun at his speaking mishaps and dementia, etc.
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I would not consider the SNL equivalent in Australia or Europe to be "the world stage", if that is your definition of world stage then, sure Biden, Trump, Obama, GWB, Clinton, GHB, and Reagan all embarrassed themselves on the world stage.

People laugh at Boris Johnsons hair, or GWB talking about "fool me once". But, to have world leaders say you can't rely on you for sound economic strategy that is completely different.

I think you mentioned that people care about their pocket books the most, so if you have someone who's flip flopping and can't articulate a sound strategy to the rest of the world while also taking direct aim at them for things that are either made up or not based in reality. That person is embarrassing their country on the world stage.
 
Sea Turtle

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Ok, tariffs lifted except for China. Stock market soared 3000 today. A good day.

I see a lot of mockingly Trump capitulated tweets today. Isn't that what they wanted or are they one step away from putting China flags in their bio?
 
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