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

SaoPaulo41

https://www.boards.ie/discussion/comment/123342462#Comment_123342462

Seems like the ones he announced on April 2nd are paused . He is still going after pharma ,but unsure if he will wait for 90 days , see his quotes from oval office in my post a few above .

breezy1985

https://www.boards.ie/discussion/comment/123342443#Comment_123342443

The 90 day pause is because he is (rightly) banking on his supporters being too stupid to have a memory that is longer than 89 days.

Same as once the current crisis began they forgot that he was supposed to have ended the war in Ukraine by now.

10000maniacs

https://www.boards.ie/discussion/comment/123342472#Comment_123342472

And risk spooking the markets again? He got a good telling off from somebody today for his idiocy.

He still has to answer to Apple. Potentially ruining the biggest US company.

yagan

Someone I know working in biomed told me that they are now actively seeking out an EU alternative for parts that they usually import from the US.

This is a company who previously swapped out British suppliers completely because of brexit.

Industries that plan in decades hate uncertainty.

kneemos

https://www.boards.ie/discussion/comment/123342497#Comment_123342497

It's going to have serious long term effects for America.

dublin49

so just today Trump wants to have a former republican offical investigated for treason for Suggesting 2020 election was legit and murmured out loud he might renege on 7 trillion China borrowing, the fox is living in the chicken coop

astrofool

https://www.boards.ie/discussion/comment/123342480#Comment_123342480

No, the Ukraine crisis was overshadowed by adding journalists to confidential military plans crisis so they needed an even bigger crisis to cover both of them up.

They have achieved their aims, though Fox is having to work overtime to soothe and coddle their viewers.

https://youtu.be/8nu_MH0xgdA?si=bC8mhX8BTpmFDLl8&t=419

Dr Robert

Embarrassing stuff from MAGA.

The tariff plan fails before it starts.

Tell me how

Tulsi Gabbard in the news today because she signed a declaration that she was a resident of Texas, but then voted in Hawaii.

All Trumps talk of illegal voters, and his Director of National Intelligence is one of the ones guilty of not voting where they should have.

kneemos

Is it possible he postponed tariffs just to piss off China?

They had the audacity to challenge him.

Sierra Oscar

https://www.boards.ie/discussion/comment/123342364#Comment_123342364

In fairness we can't rule out the tariffs being back tomorrow given Trump's flip flopping on everything.

yagan

https://www.boards.ie/discussion/comment/123342624#Comment_123342624

It was all about the T bond sell off, similar to the lenders not liking Liz truss's plan to fund tax cuts from borrowings.

It was the global markets exiting the USD.

Larbre34

Nah, Trump has caved. The tariffs ploy is over.

Folded like a cheap brasser getting hit in the belly with a bat.

He had his collar felt by the boys and girls at the bond markets. And thats the only game in town. That 36 Trillion dollar national debt is mostly held abroad. If any tranche of it came up for refinancing and failed, or hit them with a sky high rate, then US Inc would be in default, and the likes of China could ruin the federal government by calling in all their markers at once.

Trump went playing high stakes poker with a pair of twos, just like Britain did at Brexit time, and almost lost his shirt.

Jinglejangle69

Bottled it.

These last few months will be in history books in a thousand years.

Will_I_Amnt

I just has a snoop on Twitter (Feck off Elon, it'll always be Twitter to me) - only to see it full of MAGA's giving high fives over market gains with "This is what I voted for" and "#winning"

They're hilarious!

So they all voted for a guy who since the high of February, wiped out almost $17 Trillion of value, regained $7.25 trillion, giving an overall loss of $9.75 trillion - and it's high fives and winning!

MAGA are pathetic!

kowloon

I enjoy seeing Trump **** up as much as the next man, but in a full on ecomomic war between China and America I'm not sure I want to see China emerge as the big dog. China is the more authoritarian menace. America could potentially reverse the slide and enact actual checks and balances that function based on what they've learned from this disaster.

Trigger

https://www.boards.ie/discussion/comment/123342686#Comment_123342686

America could potentially reverse the slide and enact actual checks and balances that function based on what they've learned from this disaster.

They could, but it definitely won't happen as long as Trump is in charge

Will_I_Amnt

https://www.boards.ie/discussion/comment/123342686#Comment_123342686

I don't think China would become the big dog, there's certainly no chance the Yuen is getting reserve currency status.

I just wanna see them suffer enough so that it hurts so much that a MAGA type movement is guaranteed not to continue - or occur again in this lifetime!

My name is URL

The bond sell-off has started already, and the threats to China remain. I don't really know what the US are expecting in terms of that; by promising (yet still using) lesser tariffs for other countries.

It's like being told that your abusive partner will only beat you half as much if you comply, and don't speak with any other beaten parties

Will_I_Amnt

The White House will not release the list of 75 countries that have reached out on trade deals, despite requests from NBC News.

Says it all. Kinda knew!

DrPsychia

https://www.boards.ie/discussion/comment/123342644#Comment_123342644

Trump did cave and it's great to see him being put in his place.

You can't demand immediate bond payment without repercussions for your investment. If China decides to sell all their bonds before maturity, the only option is to sell on the open market. What happens when there's an oversupply and not enough buyers? Prices drops. Their $800 billion worth of bonds could turn into $700-600 billion.

The yuan would weaken and cause inflation to rise. Unemployment would soar, and the weakened USD and high US bond yield would cause Chinas other investments to fall in value because most of it is dollar denominated.

China have started paring back US bonds holdings but nowhere near hundreds of billions(yet). They're probably doing this for two reasons;

1. Spook the markets, fire a warning shot, and cause US bond yield to to rise, indicating weaker investor confidence in the USD lower confidence means it's more expensive for them to refinance their debt which could lead to US default.

2. They need to inject cash into their economy in an attempt to offset some of the pain of US tariffs without devaluing the yuan.

In saying all that; the US can not win this economic war with China.

doyle55

https://twitter.com/WhiteHouse/status/1910058352278708638

It's like an abusive spouse.

o1s1n

https://www.boards.ie/discussion/comment/123342727#Comment_123342727

Am I the only one reading that in the voice of The Borg?

JohnFalstaff

https://www.boards.ie/discussion/comment/123342729#Comment_123342729

Sounds more like a Dalek to me

kowloon

https://www.boards.ie/discussion/comment/123342694#Comment_123342694

I just wanna see them suffer enough so that it hurts so much that a MAGA type movement is guaranteed not to continue - or occur again in this lifetime!

People do seem to need to be reminded of the simple lessons of history time and time again. Until they see it in their bank balance and can't lie to themselves about the cause, I don't think they'll be inoculated against another Trump for another generation or two.

o1s1n

https://www.boards.ie/discussion/comment/123342734#Comment_123342734

Haha I was actually going to write that too. The caps really do it. It's surreal stuff.

astrofool

https://www.boards.ie/discussion/comment/123342727#Comment_123342727

The item to note here is that this message went out and China did it anyway. They thumbed their nose at the prospect of a reward and belittled the US while doing so. This leaves MAGA in a very sticky situation of needing to but not being able to climb down.

REDBULL68

I think trumps plan was to tank the market, his tweet today " buy know " says it all ,alot of people are very richer tonight, as for the Chinese, no coincidense that today Ukraine say Chinese soldiers are fighting for Russia ,Trump is a name, the people really in charge have no public names .

aidanodr

So been watchin all this last few days and heard mutterings that in the white house, gop circles, trumps own interests etc that there has been insider trading and market manipulation going on. Imagine if this is proved

https://twitter.com/atrupar/status/1910082049920184453

https://twitter.com/SpencerHakimian/status/1910120891637186965

sock.rocker*

https://www.boards.ie/discussion/comment/123342716#Comment_123342716

I think China should be legitimately concerned that the US might cancel those Chinese-held treasuries. Trump is stupid enough to do it to try and rip them off, but that could ruin the US if others felt it could happen to them.

It's pretty clear that economies are quite open to this complex bond market death spiral a la Truss. Like the reduced value of them triggering selling of other assets because of margin calls. And it seems like multiple countries banding together could cause it at any time by selling off trillions of debt.