Anonymous wrote:I am glad China is calling out Trump's lies about being in negotiations
Anonymous wrote:Anonymous wrote:Xi's got Trump's balls in a vice and he knows it.
![]()
China calling the Trump liars out. I thought there were 75 (convenient number) countries on the phone trying to make a deal? Is he going to produce even one? Or does everybody just know he’s weak, will back down, and won’t honor any deals anyway?
Anonymous wrote:Xi's got Trump's balls in a vice and he knows it.
![]()
Anonymous wrote:Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.
Interesting paper here that runs the numbers.
It’s not good.
Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.
“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.
And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”
https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us
Why would you think there will be tariffs? I doubt there will be any meaningful tariffs with Mexico and Canada. China is another story.
Anonymous wrote:LOL
https://www.wsj.com/politics/policy/white-house-considers-slashing-china-tariffs-to-de-escalate-trade-war-6f875d69
White House Considers Slashing China Tariffs to De-Escalate Trade War
Levies could be cut by more than half in some cases although Trump hasn’t yet made final decision
So, here is the problem...the tariffs were supposed to help pay for the tax cuts. The GOP is already forming a budget that has the tax cuts, so I guess we will just add another $8 trillion to the debt?
Meanwhile, the damage done to the markets and the trust for the US abroad is done.