Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The Chinese have apparently walked out of the trade negotiations without explanation. If this is true, it is showing that the Chinese have the upper hand here and Trump has no choice but to either kowtow to their demands or watch the US economy fall into a depression.

Given he is a malignant narcissist, be prepared for a depression.

This is unconfirmed. We should be careful of posting unless it’s from a reliable new source. Lots of misinformation out there.
https://bsky.app/profile/justinwolfers.bsky.social/post/3loswjemzzc25

Replies on that skeet confirmed it with photo

Per AP news, they recessed after two hours for a pre-planned lunch event. I suspect that was when the photo was taken based on the timing. I read it yesterday in the Apple News app but can’t find it now.

[Anonymous]

Trade deal reached with China!

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How can any F500 execs, AmCham, or Biz Roundtable folks get behind any of this? They b#tched about Biden endlessly but they had it so good! Stock prices imploding, they are staring down the barrel of a recession.

How is any of this "business friendly"?

But, their silence is complicity, isn’t it?

It's not silence, you just aren't listening. Business is complaining more and more. Why do you think Trump is negotiating with himself to lower the China tariffs?

Show me a F500 business CEO who has criticized the taxes, not just said that they’ll raise prices. There’s a difference. So far I’ve seen Penzey’s and small women business owners criticizing his policies. I’d love to be proven wrong, so I’ll check back.

[Anonymous]

Trump doesn’t believe in his own tariffs- the ones with China, which were set to bring in a lot of money, have been suspended. Once he pauses or suspends he doesn’t usually start again. Is the golden age tariff economy a big bluff?

[Anonymous]

So Trump created a problem and now have "fixed" the problem but still with tariffs that US consumers will be paying. Not as steep as what Trump and China had threatened, but this is still making things more expensive.

[Anonymous]

Anonymous wrote:So Trump created a problem and now have "fixed" the problem but still with tariffs that US consumers will be paying. Not as steep as what Trump and China had threatened, but this is still making things more expensive.

The master of disruption and showmanship. Stupidly, the stock market laps it all up.

[Anonymous]

DJIA up 2.5% premarket on Chyna deal. More winning for America

[Anonymous]

Anonymous wrote:DJIA up 2.5% premarket on Chyna deal. More winning for America

Yes, because the markets like certainty, and this provides a 90 day window to get a more complete "deal" done. But understand, US consumers will be paying 10% more for goods produced in China. I thought we didn't like inflation and that trump was going to bring prices down, and yet here you are celebrating a 10% increase in prices.

[Anonymous]

"art of the deal"

every company now has cover to jack up prices

https://www.wsj.com/tech/apple-iphone-price-increase-2eaebb14

[Anonymous]

So now we’re only paying 30% more on Chinese goods, and 10% on everything else imported? Lovely.

What a win. 🙄

[Anonymous]

Anonymous wrote:So now we’re only paying 30% more on Chinese goods, and 10% on everything else imported? Lovely.

What a win. 🙄

Well, this week. Next week who knows?

[Anonymous]

Anonymous wrote:

Anonymous wrote:DJIA up 2.5% premarket on Chyna deal. More winning for America

Yes, because the markets like certainty, and this provides a 90 day window to get a more complete "deal" done. But understand, US consumers will be paying 10% more for goods produced in China. I thought we didn't like inflation and that trump was going to bring prices down, and yet here you are celebrating a 10% increase in prices.

My dear, methinks you haven’t had your coffee yet…it’s 30%, not 10% on all Chinese imports. China has placed a 10% tariff on all US imports.

[Anonymous]

Speaking of the markets liking certainty, can we discuss the $1 trillion trade deficit with Chyna?

[Anonymous]

Trump's incredibly dealmaking on May has eliminated 50% of the US equities losses created by Trump's dealmaking in February and April. And MAGA laps it up.