Donald Trump the Megathread part II - mod warnings in OP, Updated 06/06/25

gmisk

https://www.boards.ie/discussion/comment/123335552#Comment_123335552

Are there not a huge number of possible issues with that though?

Local production would take a fair chunk of time and money to setup, you would have to likely pay higher wages (would the local workers even have the skill sets needed?), a lot of the raw materials/parts etc will likely come from outside the US so they will be subject to these huge tariffs. There are also just some things the US cannot produce, at least not in the quantity required, tonnes of examples including things like potash, bananas or coffee, there are plenty of others.

poop emoji

https://www.boards.ie/discussion/comment/123335591#Comment_123335591

Israel had zero tarrifs on US

Igotadose

Remind me, what actual problem was the abrupt imposition of these tariffs aimed to solve? Like, was the US economy in a bad way, what with growing employment and higher stock prices? Higher tariffs means health care inequalities will be solved? That crime will be reduced? Inflation slowed?

aloyisious

https://www.boards.ie/discussion/comment/123335591#Comment_123335591

One has to ask what Israel is using/has used as a bargaining chip that its media think Trump is going to lower the tariff rate the US is using to lower any deficit Israel has in trading with the US.

Edit: Thanks, poop emoji, I suspected as not. I assume he has some sort of embassy passport.

Qaanaaq

I think China would be tougher and have more resilience than the US in a trade war. The Chinese people would also be able to endure any hardship much better than the American population.

Americans are addicted to consumerism more than anybody else.

Infini

https://www.boards.ie/discussion/comment/123335334#Comment_123335334

The problem is "the president" in this case is an incompetent, vindictive, corrupt orange oompa loompa that is getting away with all the BS along with his South African Snowflake because congress, the part that should be working to put him back in his box is riddled with his useful idiots that kowtow to their orange overlord and completely quagmire the 2 houses from actually acting.

Honestly I'm just tired of this crap every other day with this orange turd, it's incredibly hard to even tune out because he's like an attention whore black hole, sucking up every distraction left right and center.

aloyisious

If things keep going this way on Wall Street, I am left wondering would Trump ever step out of Trump Tower on to 5th Avenue in New York, or even go there again?

nachouser

https://www.boards.ie/discussion/comment/123335615#Comment_123335615

https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

Most of the changes introduced by the bill went into effect on January 1, 2018, and did not affect 2017 taxes.[8] Many tax cut provisions contained in the TCJA, notably including individual income tax cuts, such as the changes to the standard deduction in §63 of the IRC, are scheduled to expire in 2025 while many of the business tax cuts expire in 2028.[9][10] Extending the cuts have caused economists across the political spectrum to worry it would boost inflationary pressures[11][12] and worsen America's fiscal trajectory.[13] The Congressional Budget Office estimates that extending the expiring provisions would add $4.6 trillion in deficits over 10 years.[14]

He's wiped out the markets with a hope to raising enough from tariffs to extend the TCJA tax-cuts.

Emblematic

https://www.boards.ie/discussion/comment/123335598#Comment_123335598

Training and higher wages for local workers? How could people possibly vote for that?

Man Vs ManUre

This whole stock market mullarkey does not interest or impact me in the slightest. What are a bunch of wolfs of Wall Street gonna do?? These lads don’t even seem to have seats in their offices. They look like a bunch of security guards who finished a night shift and go into the early house for a few pints. I like Donald and he is a very nice President.

yagan

https://www.boards.ie/discussion/comment/123335573#Comment_123335573

I was looking at them too but I think they're not going down because there's no mystery about what's happening.

Back in 08 or the pandemic it was uncertainty that drove panic, whereas now no one is in any doubt about what's happening.

This isn't an economic downturn, it's economic vandalism and they know the only solution is to unseat Nero.

PropJoe10

I just find it very sad that the entire world, both economically and politically, is now at the mercy of someone that is fundamentally a f*****g idiot. You'd have to wonder how we reached this point and where it'll all end.

poop emoji

https://www.boards.ie/discussion/comment/123335642#Comment_123335642

1. In a few months it lead to job losses in US and abroad, like night follows day
2. Inflation is going to return and rates increase not decrease as expected that impacts us homeowners already fucked by 1 and no social net
3. Years of pensions payments by average working people in Ireland just went poof in last few months, you might be ok if you are on dole, but remember how angry the working people got at welfare sponges and protected workers after 2008

Think back to 2008 it was months and years before the fallout of Lehman hit us in Ireland, but hit us it did, this is already breaking records going back to 1930s Great Depression

edit: rates as in interest rates, typo

kowloon

https://www.boards.ie/discussion/comment/123335627#Comment_123335627

The Chinese people will just have to live with whatever the government decides. They're used to an authoritarian govt. ordering them about and making sweeping changes to their lives at a moment's notice. Americans aren't ready for any real hardship along those lines. Trump is in for a shock if he thinks he can rule in the same manner.

yagan

https://www.boards.ie/discussion/comment/123335660#Comment_123335660

Meh, if you consume too much US media it can feel that way. The EU continued on without Britain, the global economy will continue on as the US sanctions itself.

riddles

https://www.boards.ie/discussion/comment/123335526#Comment_123335526

the other side of this equation is what happens to investment funds when younger employees subject to more short term contract employment roles cannot afford fund based investment and the older cohort are withdrawing at a greater rate than inward investment?

gmisk

https://www.boards.ie/discussion/comment/123335640#Comment_123335640

Training takes times and money.

Higher wages (versus China say...yeah) but if you think the majority of "factory jobs" for want of a better term would be above minimum wage in the US, I have a bridge (with huge tariffs) if you would like to buy

aloyisious

Looking at the YouTube video above has reminded me of the Videos posters [a man and a woman] telling it like it is from what seemed like inside a shelf-lined barn or wood shed about the current state of affairs for ordinary people in the US? they were very good productions. They were posted on here every so often about a year back now. I'd like the link if it's still available.

Ash.J.Williams

https://www.boards.ie/discussion/comment/123334756#Comment_123334756

From a musicians pov I present the mesa boogie triple crown made in USA

https://www.thomann.de/ie/mesa_boogie_triple_crown_tc_50_head.htm

And also commonly available in Europe Chinese rip off the bugera 333

https://www.thomann.de/ie/bugera_333xl_infinium.htm

333 and triple

Bugera have amps that even look like the amp their ripping off

Infini

https://www.boards.ie/discussion/comment/123335634#Comment_123335634

Not a chance he'll ever walk outside his bubble for the rest of his remaining days, someone will without a doubt Luigi his hide the first chance they get as this fucker will have ruined many peoples lives before this is all over. Lest we forget we were literally 10 inches away from being diverted off this damn timeline last year.

ForestFire

https://www.boards.ie/discussion/comment/123334672#Comment_123334672

https://www.boards.ie/discussion/comment/123334686#Comment_123334686

And then the EU will lose their sharing ability and have 1 household/country charge imposed.

PropJoe10

https://www.boards.ie/discussion/comment/123335670#Comment_123335670

I was more musing on the cuts that he's made to the likes of USAID and the damage that he's doing to America and Americans around the world. He's just a disgusting human being without any sort of moral compass. You really would get sick of reading about him, but unfortunately until he's gone/dead, we don't really have a choice.

SaoPaulo41

https://www.boards.ie/discussion/comment/123335494#Comment_123335494

What's the significance of using the word " bullish" genuine question

SaoPaulo41

https://www.boards.ie/discussion/comment/123335591#Comment_123335591

Yeah but he despises the EU so i think we are goosed .

odyssey06

https://www.boards.ie/discussion/comment/123335707#Comment_123335707

Bear v bull market. Baffled me when I first heard it.

• A bear market is a 20% downturn in stock market indexes from recent highs.
• A bull market occurs when stock market indexes are rising, eventually hitting new highs.
• Historically, bull markets tend to last longer than bear markets.

https://www.fidelity.com/learning-center/smart-money/bear-vs-bull-market#:~:text=A%20bear%20market%20is%20a,affect%20investor%20confidence%20and%20behavior.

yagan

https://www.boards.ie/discussion/comment/123335683#Comment_123335683

In the US they don't believe in society so they've done everything to facilitate a massive pension fund bubble to the point that it's referred to Dumb Money.

Fund managers will stick their clients savings in extremely low yield meme stocks like Tesla but as long as they stashed their fees offshore and our of reach then they'll just slip out quietly when Rome burns.

As always past performance is no guarantee of future returns. The babyboomer Dumb Money bubble is an aberration to the long term norm so expecting it to be repeated is unrealistic.

Invest in what will float with you when your ship sinks.

RickBlaine

https://www.boards.ie/discussion/comment/123335629#Comment_123335629

I'm looking forward to the day when we never have to hear from, or about, Trump again.

gmisk

https://www.boards.ie/discussion/comment/123335731#Comment_123335731

I would say when he is gone (he doesn't look well imo)...another Trump (or definitely Trump acolyte) will likely step up... his politics are not going away anytime soon in the USA.

Glenomra

If this period of incredible uncertainty continues, how long before it impacts on people's financial behaviour in Ireland. I am thinking about car purchases, looking for mortgages, bidding on property, taking foreign holidays , significant household purchases. Not from.a financial background so just wondering.

Emblematic

https://www.boards.ie/discussion/comment/123335684#Comment_123335684

I thought you said wages would have to rise?