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Donald Trump the Megathread part II - Mod Warning added to OP 10/1/26

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Comments

  • Registered Users, Registered Users 2 Posts: 18,747 ✭✭✭✭Loafing Oaf


    hmm, not the most auspicious name for a guy into odd sci-fi-style projects to choose

    Untitled Image


  • Registered Users, Registered Users 2, Paid Member Posts: 5,382 ✭✭✭Rawr


    You're giving Donnie far too much credit there. I stongly doubt he's put anywhere near that much thought into what he's doing. He want's to sound "Presidental" and "Tough", so he throws out blockheaded Tariffs because that's his current favorite word, but no thought at all is going into the targeting of those Tariffs.

    FFS, he's even managed to potentially get China & Japan to join forces on thier side of a Trade War. That was increadibly stupid and reckless of him, and it happened because I suspect there is no real plan to what he's doing.



  • Registered Users, Registered Users 2 Posts: 178 ✭✭goldsparkle


    Are tariffs definitely in now?



  • Registered Users, Registered Users 2 Posts: 178 ✭✭goldsparkle


    I don't get it. I don't know why the Americans voted for him but a lot of what he was sprouting and a lot of his policies that likely got him elected are small minded crap. Does is not have 4 years in office? Why has he rushed so much within weeks of gaining office? Surely he could ah e entered some sort of negotiations stage for a lot of what he's doing but he's very rushed with his small minded bullcrap.



  • Registered Users, Registered Users 2 Posts: 12,252 ✭✭✭✭Oscar_Madison
    #MEGA MAKE EUROPE GREAT AGAIN


    “..because I suspect there is no real plan to what he's doing.”


    I hope so- because that ensures a ton of unintended consequences, most of which will benefit countries other than the USA . From new trade deals to sourcing materials elsewhere to supporting homegrown etc etc- USA could be in for a mighty shock yet



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  • Registered Users, Registered Users 2 Posts: 13,561 ✭✭✭✭LambshankRedemption


    No.They won't be definitely in even tomorrow. He was putting on tariffs on Canada, then he wasn't, then he was but they were delayed.

    Ironic, for someone with a God complex, but the Gospel according to Donald as of 1.30 on April 1st, might be the mirror opposite of the Gospel of Donald at 2.45 tomorrow.



  • Registered Users, Registered Users 2 Posts: 5,620 ✭✭✭fly_agaric


    Am coming to conclusion it is mostly just aggression and hostility from the US IMO. Particularly from some of the more evil people clustered around Trump. I don't think they just want minor changes in a limited arena like the goods trade balance, or military spending.

    On the latter, at this stage the NATO guarantee that the US would step up and defend European countries attacked by Russia or anyone else is looking very unreliable. Maybe they would, but like Ukraine perhaps you'd be expected to beg on bended knee and effectively sell off your country & people to obtain help, or they may not help at all if they don't like your government of the day (too "lefty").

    With Canada Trump let that cat out of the bag early with that "51st state" stuff, which I initially thought was a nasty joke of sorts and dig at Trudeau. However, it has persisted and has been echoed by several others in the admin. around Trump since I think.

    So the trade war on Canada is not an opening position or a way to pressure to negotiate with Canada on something the US wants, it is intended to squeeze and weaken the Canadian economy over time and eventually bring Canada under more direct political control.

    I think it is same thing with the EU at base, intent will be to weaken it with economic warfare and eventually break it up and bring the countries that make it up far more under direct US politcal control e.g. bringing some MAGA "mini mes" that will kowtow to the US/Trump to power etc.



  • Registered Users, Registered Users 2, Paid Member Posts: 13,511 ✭✭✭✭Cluedo Monopoly


    To my knowledge those tariffs with Canada haven't started yet. Not sure, it's hard to keep up and I get bored of the flapping. And the Senate are voting on whether to block/reverse those Canada tariffs. Today I believe.

    What are they doing in the Hyacinth house?



  • Registered Users, Registered Users 2 Posts: 5,620 ✭✭✭fly_agaric


    Yes it is very hard to keep up and I am not following every move of the Trump admin. too obsessively (it is not good for ones' health).

    I thought some of them had been instituted on certain goods e.g. on metals but should check again.

    Anyway, that was my thought on what is going on but it's still an open question whether Trump admin. will be committed enough to this course to follow through in full, because while they might be able to harm others more if they wage economic war, it certainly won't be painless for the US.



  • Registered Users, Registered Users 2 Posts: 18,747 ✭✭✭✭Loafing Oaf


    republicans might lose their majorities in house and senate in midterm elections so that's putting some pressure on



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  • Registered Users, Registered Users 2 Posts: 1,586 ✭✭✭ilkhanid


    We're not thinking like Americans, or certainly a large cohort of Americans. Boasts, threats, braggadocio, insults, mockery, and simplistic solutions to complex problems have a great appeal to a population brought up on reality shows, Jerry Sprnger, wrestling, banger racing and MMA. Subtlety and deep thinking isn't their forte.

    Post edited by ilkhanid on


  • Registered Users, Registered Users 2 Posts: 2,519 ✭✭✭SaoPaulo41


    If he imposes 20% tariffs on all EU imports to the States , plus potentially Ireland specific tariffs with Pharma. When do you reckon we will begin to see real/significant job losses in 1) Pharma Jobs in Ireland and 2) wider job losses in Ire? Will it initially be no new jobs created first? Then job losses in 1 year or so? Or will it be immediate?

    This is so worrying.



  • Registered Users, Registered Users 2 Posts: 1,222 ✭✭✭greenfield21


    Trump hasn't revealed his plan yet, we may get some leaks later today but will most likely have to wait until tomorrow. 3pm tomorrow according to Bessent.



  • Registered Users, Registered Users 2 Posts: 2,237 ✭✭✭aidanodr


    Havent really been tuning into Irish News, RTE etc re Trumps Tarrifs & Ireland

    Ireland is one of what he calls THE DIRTY 15:

    Interesting times for the US Pharma industry and US FDI in general here.

    This is where the gov here gets most of its money from .. the FDI corp tax take. And add to that this "leprechaun economics" our gov has/had going on.

    Possible rough times for Eire PLC coming up?

    I wonder would a seperate TARRIFs and Ireland thread be potentially useful? Call it LIBERATION DAY ( as trump is calling April 2 2025 )



  • Registered Users, Registered Users 2 Posts: 19,432 ✭✭✭✭VinLieger


    Consider how long it takes to plan, build, staff and fully ramp up to production of a new factory in any industry, then think about how much trickier medical stuff is, these companies still need to make their drugs regardless of if they do look to move production back to the US. That long timrframe of that means they may just try to weather the next 4 years or potentially even just 2 years and hope the midterms bring a reprieve. Also the immediate price increases are going to make him extremely unpopular especially with there being no scope to immediately relieve those price increases due to the long time to move and start full production of "X" product so these tariffs might not even last that long if he sees strong negative reactions from his base.



  • Registered Users, Registered Users 2, Paid Member Posts: 4,010 ✭✭✭Beta Ray Bill


    Just thought I'd add some stuff on the Pharma front.

    Generally speaking, it takes 10 years to get a drug tested, approved, licenced and manufactured. (there are exceptions - covid)
    The pharma companies have invested billions here in implementing that process.
    All drugs sold in the EU must be manufactured in the EU.

    Big pharma is playing a long game, they're not gonna go anywhere. This will all be gone in 3.75 years, they're not about to throw away years of work, and billions in investment over some tarriffs.

    The insurance companies in the US will bare the brunt and hence will have higher premiums. This in turn will make it even more difficult to do business in the US.



  • Registered Users, Registered Users 2 Posts: 1,222 ✭✭✭greenfield21


    Everyone seems to be stunned that a politician would actually do Something to benefit the working class and isn't bought out by the billionaires. What a preposterous idea. There defence is so weak now as the middle class has been hollowed out over years as the Government only seems to serve investors and business. But nobody blame the corporations.



  • Registered Users, Registered Users 2 Posts: 3,534 ✭✭✭Suckler


    and isn't bought out by the billionaires. 

    If only you knew who Trump has surrounded himself with and has given unfettered access to all levels of government information….



  • Registered Users, Registered Users 2 Posts: 7,361 ✭✭✭eightieschewbaccy


    He's pretty clearly not for the working class if he's fired numerous civil servants on a whim. He's got a propaganda minister in the form of a billionaire. He's about to trigger a global recession that will hit the working class more than any group.… It's outlandish to claim he's working for the working class.



  • Registered Users, Registered Users 2, Paid Member Posts: 8,416 ✭✭✭MrMusician18


    If the tariffs last more than a few months then they are here to stay, Trump or no Trump.

    While the pharma companies won't shutter plants tomorrow, they will divert their future investment back to the States. There is always going to be less political risk with domestic manufacturing so the FDI investment tap will be turned off.

    The only hope is that these policies bind up the US economy and force a reversal before they bed in. Once established it will take years to a decade to undo



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  • Moderators, Social & Fun Moderators, Paid Member Posts: 7,737 Mod ✭✭✭✭Irish Aris


    I don't expect that pharma or other MNC will completely shut down operations in EU. They will probably redirect production for the US market to US, if they already have facilities there, which will create some downsizing, not sure how significant this will be.

    There was also a discussion a few days ago about trademarks/IP licenses residing in EU. I'm not sure I understand how any import tariffs would affect IP residing in this side of the Atlantic. For that to change, I reckon a change in US tax law would be needed to make it attractive for companies to move these intangibles back to US.



  • Registered Users, Registered Users 2 Posts: 12,252 ✭✭✭✭Oscar_Madison
    #MEGA MAKE EUROPE GREAT AGAIN


    The problem about these Tariffs is- applying “logic” doesn’t necessarily help matters - I think we’re mostly agreed that a lot of what MAGA is doing right now isn’t logical anyway - is it spite? Is it movement to a new world order? Is it a realisation of just how much technology or AI can and will change what humans do that they’re getting the jump on the western world and pivoting toward that?
    something else?

    I haven’t seen an insightful article yet that attempts to take a medium to long term view of the Trump administration in terms of the direction they’re taking and what success might look like to them.
    whilst most of what they do isn’t appearing logical - it is consistent - so it’s heading in a certain direction for a certain purpose. If we can identify that, it might help us all a bit more



  • Registered Users, Registered Users 2 Posts: 178 ✭✭goldsparkle


    God, I would nearly be tempted to go protesting at his golf course in Clare.



  • Registered Users, Registered Users 2 Posts: 22,141 ✭✭✭✭Strazdas


    The thing that mitigates against Trumpism being a long term phenomenon is that he is much more likely to crash the US economy than make a success of it. Trump is economically illiterate and barely has a clue what he is doing, bar pulling eye grabbing publicity stunts to please his his millions of disciples.



  • Registered Users, Registered Users 2, Paid Member Posts: 8,416 ✭✭✭MrMusician18


    It's not all spite (it is partially) but it is 100% a power play. Trumps admin clearly believe that the world needs the US more than the US needs the world.

    It's theory that's about to be tested



  • Moderators, Social & Fun Moderators, Paid Member Posts: 7,737 Mod ✭✭✭✭Irish Aris


    Fair points Oscar. I reckon the lack of a longer term view article could be justified by the, quite possibly, lack of longer term view from the Trump administration itself. Or, like you say, maybe it's because we are in terra incognita and nobody knows what to make of it.

    On the tariffs, I was just trying to figure out how they will work in the real world. Trump can say whatever he wants, but there are certain practicalities to be considered.



  • Moderators, Sports Moderators, Paid Member Posts: 32,356 Mod ✭✭✭✭Podge_irl


    There is always going to be less political risk with domestic manufacturing so the FDI investment tap will be turned off.

    There is all manner of political risk with producing in the US at the moment. Not least that your employees might get black bagged and sent to an El Salvadorian labour camp.

    They don't have lots of idle production to shift to the US. There is nothing they can do that will take effect before this administration is gone. How they choose to tackle that is obviously up to them, but they know that the world will exist post-Trump.



  • Registered Users, Registered Users 2 Posts: 2,308 ✭✭✭Mefistofelino


    All drugs sold in the EU must be manufactured in the EU

    This is not true, but all drugs supplied into the EU must comply with EU GMP standards etc.



  • Registered Users, Registered Users 2 Posts: 19,432 ✭✭✭✭VinLieger


    On that last point im fairly sure I watched something recently that explained how currently there is no real way to implement these tariffs at the level that would be required because they simply dont have the staff or systems in place to deal with such a massive increase across such a broad range of industries at the flick of a switch.



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  • Registered Users, Registered Users 2 Posts: 26,014 ✭✭✭✭Kermit.de.frog


    What Trump will do tomorrow will be the largest act of protectionism since the 1930's. It will pretty much end a free trade model upon which Ireland and many other countries have gotten wealthy way beyond their natural economic capabilities like a cheat code.

    It looks like the best the government here can do is manage the decline in living standards for Irish people as best it can.

    We don't have many levers and because we are part of the EU we face even greater harm as Germany will want retaliation.

    Given the nature of our economy we (and other countries) won't want any retaliation at all.

    This is what happens when different economies have very different needs in a trade bloc.

    We are in a very bad situation really.



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