Good article pointing out how amateurish and laughingly bad this terror plan was thought of. Executed and the video math that went into it
If you don’t want to read here are highlights.
Details of the plan were still in flux 3 hours before the presser
What happened was something worse than the worst case expected scenario
What happened was economic, market and geo political mayhem
Overnight effective US tariff rates sprang from 2.5% to 20%
Highest rates since 1910. Higher even than the smoot Hawley tariffs that buried the economy deeper into the Great Depression Oh but some of you morons think tariffs have no economy effect. Roll eyebrows now
What else is here. Oh. If Trump is playing chicken w the rest of the world. He lost round one.
$6 trillion in US market value gone in 2 days. Genius toupe Trump is trying to kill the patient to save it. He’s human chemotherapy and radiation rolled into one.
Immediately threw the Silicon Valley companies and names Trump has been courting into a bear market. Genius way of making them political allies.
Economists aghast at the simplistic and rudimentary math used to calculate the rates. 6th grade math. Which is good enough for me to make stifk market $ but I wouldn’t trust it to manage the trade deficit and balances.
“Only the weak will fail” was trumps quote. Indicating he still doesn’t get the effects of his own actions. We know we elected a narcissist. We just thought it was a harmless one. Instead while thinking we elected a businessman. Someone good for the economy and investors. We have an economic and financial terrorist.
Federal reserve chair says it will dent growth and stoke inflation. Genius work from Mr toupee. Trump
Was hoping for lower interest rates. This action put that on hold. More genius from the economic amateur running the show.
Wharton business school. Terrorist trumps own Alma mater. Says this is the biggest economic mistake in 95 Years. A self inflicted wound. Unforced error. Totally unnecessary
His inflexibility and his supporters bizarre loyalty to the stupid cause is what has markets most worried right now. The idea he will actually hold to his guns.
Usually you want a steady resolute president. This policy is so bad that the alternative of a chaotic flip
Flipping completely unbelievable and unreliable Trump is now seen as preferable to Terrorist Trump.
https://stocks.apple.com/AjQMW92uaQyOp6CM8MZIgKw
oh, gee
EU bends the knee
Trump sure got lucky, no?
it looks like free trade might actually become, you know, reciprocal
pretty sure they don't teach the meaning of that in public schools anymore, just how to love Big Brother
https://www.politico.eu/article/eu-offers-trump-removal-of-all-tariffs/
fact is that Trump has been recommending putting tariffs on our trading opponents since the mid 1980s,
so this was no last minute haphazard strategy
he went on record during an Oprah interview where he specifically mentioned hitting Kuwait with a 25% tariff on energy and doing something about our massive trade deficit with Japan, who at the time was our biggest global trading rival
When Trump is proven right, you will receive the benefits, undeserved, and unappreciated
I’ve given you several reasons, pointed you to people far smarter than you, with the hopes that you’ll maybe understand what is truly going on , and why this is a good approach.
And you keep ignoring it.
So either you’re trolling.
Or, you’re just unable to grasp the facts, which means you’re not nearly as smart as you think.
I hope you’re trolling, but fear youre not.
You seem upset Java. =8--)
You’re a consistently binary thinker. The error in your logic is not acknowledging several concurrent truths
The stock market was hammered
The top 12% of Americans own nearly 90% of the market.
The poor - the bottom 50% - don’t own shit
Foreign country tariffs have been unequivocally harmful on the lower 50%
Free trade is anything but, and
The stock market is still well above 2022 levels so
Chill the fuck out.
please explain why Chyna, India, and Vietnam have had year over year GDP growth of close to 10% for the last 40 years while at the same time having some of the highest tariffs in the world
point of fact, at 10% growth their GDP doubles in size every seven years
So...
US Tariffs bad
EU/Asia tariffs (and other free trade barriers) good?