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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: 3,534 ✭✭✭Suckler


    The economic promises aside; plenty went along with him for more nefarious reasons - racist, bigoted and insular.



  • Registered Users, Registered Users 2, Paid Member Posts: 4,096 ✭✭✭Field east


    washed on BBC 2 Newsnight last night and a Trump advisor - a Mr. Gupta - being interviewed by Victoria Derbyshire. Well worth a watch. It was a MASTER CLASS in bullying, obstrufacation, deflection, etc, etc, etc, etc. VD did not know where to turn to . The only thing she could have done was when she was reporting on Maine University saying that the terrified will do a lot of damage to the US economy. He retorted with. ‘ Is that the university that did A, B and C and therefor has no credibility. The A, B and C points were on social issues and had ABSOLUTLY nothing to do with economics but he chose to link the lot together.

    What an arrogant B——-d.



  • Registered Users, Registered Users 2 Posts: 7,356 ✭✭✭eightieschewbaccy


    The US economy was actually pretty healthy when Trump came in. Engaging in protectionism and destroying their economy is not a way to improve their economic position. Please explain how exactly you think this could even hypothetically be used to help the US long term.



  • Registered Users, Registered Users 2 Posts: 2,123 ✭✭✭Westernview


    Yep all tick boxes for right wing Tories and Farage and Co.



  • Registered Users, Registered Users 2, Paid Member Posts: 3,004 ✭✭✭nachouser


    US commerce secretary: Trump 'is not going to back off' from tariff policies

    The US commerce secretary, Howard Lutnick, said that there is no chance Donald Trump will back away from his tariffs which have sent shock waves across the global market.

    “The president is not going to back off what he announced yesterday. He is not going to back off,” Lutnick said in an interview on CNN.

    He added: “Let the dealmaker make his deals when and only if these countries can change everything about themselves, which I doubt they will.”

    Narrator Ron Howard: "He backed off."



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  • Registered Users, Registered Users 2 Posts: 307 ✭✭Derkaiser93


    Wonder how much of these tariffs are intentionally self inflicted to burn the us economy so the elites can buy up property, corporations and assets in general at a much cheaper price. Similar to what happened in russia after the fall of the USSR and failed capitalism shock treatment, were an exclusive group of oligarchs ended up siezing much of the wealth in the country to themselves.



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




  • Registered Users, Registered Users 2 Posts: 14,094 ✭✭✭✭aloyisious


    Laura Loomer is back in the Trump White House as a mover and shaker. She did some "research" on the trustworthiness of some of Trump NSC members and presented the research to Trump in the Oval Office. Some of Trumps senior people, Vice President JD Vance, chief of staff Susie Wiles, national security adviser Mike Waltz and Serio Gor, the director of the Presidential Personnel Office, took part in the meeting.

    After the meeting, Trump acted on Loomer's research and fired at least three of his NSC team. NSC spokesperson, Brian Hughes, declined to comment on the matter, claiming the White House does not discuss personnel matters. Presumably this meeting and the firings happened before the tariffs decisions announcement.



  • Registered Users, Registered Users 2 Posts: 7,356 ✭✭✭eightieschewbaccy


    Are they? Pretty easy to make a fortune on speculative bets on economic downturns, particularly for the ones who have made a point of having a close relationship with Trump.

    It's pretty clearly those who are living day to day in the US that are gonna be hit hard in the US. Things will get more expensive including basics like clothing and medications on the event of him targeting pharmaceuticals. The economically elite are not getting hit by this in the short or long term.



  • Registered Users, Registered Users 2 Posts: 2,526 ✭✭✭Economics101


    Alan Dukes had an Irish TImes letter in the last couple of weeks arguing that maybe the EU should not retaliate. This makes perfect economic sense. Tariffs are a loose-loose move Trump hurts the US economy as well as the rest of the world. Similarly, EU tariffs might hurt the US, but will also hurt the EU. So let them stew in their own juice and let retailiation take the form of making sure everone knows what an idiot Trump is.



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


    What the French want would damage Ireland most, not France. This is the inescapable problem when a trading bloc has such diverse economies and interests.

    It's not hard to see why we get away with it when times are good and stable but when times get tough that's when tensions start to rise when some countries are threatened with far worse outcomes by the desired actions of others within the same bloc. It is a circle that can't be squared with such diverging interests.

    As time goes on discussions within Europe will get more difficult between those who want and can afford chest thumping retaliation and those who can't and have a lot to lose.



  • Registered Users, Registered Users 2 Posts: 483 ✭✭Will_I_Amnt


    Brian Walsh, Thomas Boodry and David Feith

    Never heard of any of em



  • Registered Users, Registered Users 2 Posts: 19,297 ✭✭✭✭Dohnjoe


    Boils down to this line by an economic historian

    “The boss hates trade deficits and his team of willing sycophants came up with a formula, however idiotic, that ticked the box.”



  • Registered Users, Registered Users 2 Posts: 5,417 ✭✭✭PokeHerKing


    I think it could be the route to go. Trump's a brinksman. He also loves the chaos and news cycle. If we shoot our load early then it's just a death spiral with a maniac.

    It's not done from a position of weakness.

    More a position of common sense.



  • Registered Users, Registered Users 2 Posts: 6,984 ✭✭✭yagan


    Yes, it makes far more sense to simply apply tariffs to US products for which there is plenty of domestic EU competition.

    The increase in EU defense spending will also switch buying from the US.

    Trump's tariffs are an act of self harm, doesn't mean everyone else has to trash their own economy when the rest of the world will get on trading with eachother.



  • Registered Users, Registered Users 2 Posts: 5,417 ✭✭✭PokeHerKing


    Yeah a quiet pivot away from everything American by the EU is far more damaging to te US than giving Trump what he wants which is headline grabbing reciprocal tarrifs.



  • Registered Users, Registered Users 2 Posts: 307 ✭✭Derkaiser93


    Far from it. And pretty much every domestic law and measure they've taken in the us since January has been to empower the white house executive branch and the corporate elites.



  • Registered Users, Registered Users 2 Posts: 483 ✭✭Will_I_Amnt


    Same as before then mostly.

    Soybeans, Bourbon/Whiskey, Motorcycles, Cheese, Peanuts, Cotton, Tobacco, Boeing

    These products are tied to specific regions (Midwest, Southeast, Rust Belt) with political clout, where economic disruption could sway voters or pressure GOP. The 2018 EU retaliatory tariffs on bourbon and Harleys, in response to U.S. steel tariffs, demonstrated this strategy’s success—exports dropped sharply, and U.S. producers lobbied for relief. Plus, hopefully more Europeans would buy Irish whiskey.



  • Registered Users, Registered Users 2 Posts: 1,519 ✭✭✭spakman


    How do you quietly pivot away from everything American if consumers are used to buying the American goods?

    You disincentivise the American goods by making them more expensive to buy.



  • Site Banned Posts: 2,753 ✭✭✭thatsdaft


    The Canadian consumers are doing it, and far from quietly too



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  • Registered Users, Registered Users 2 Posts: 2,123 ✭✭✭Westernview


    A good video explaining the nonsensical tarrif approach by Trump

    https://youtu.be/-XbM5h3azmI?si=mKwY0GAJ1lV4tt4E



  • Registered Users, Registered Users 2, Paid Member Posts: 3,004 ✭✭✭nachouser


    Trump on Monday:

    "You know, I had so many calls, so many beautiful, perfect calls from leaders of… with tears, I could tell they had tears in their eyes… Sir, we don't want to do tariffs with you, and they were right because they don't want to because they have the low water pressure… and they have the sharks that attack electric boats and… we're going to do a deal with them."



  • Registered Users, Registered Users 2 Posts: 298 ✭✭Hodger




  • Registered Users, Registered Users 2 Posts: 1,473 ✭✭✭Emblematic


    Is anyone buying the dollar? We can expect the dollar to rise a bit as a result of these tariffs unless they have already been priced in?



  • Registered Users, Registered Users 2 Posts: 6,984 ✭✭✭yagan


    Why would buy USD now? If anything it's being offloaded.

    Even gold is off!



  • Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭sock.rocker*


    Do it legislatively. Ban investment in American companies in some way. Coordinate with other countries to stop selling them precious metals etc. Ban things that can keep money from going there while still allowing important things to be bought without tariffs.

    Tariffs aren't the answer when the calculation comes from deficits. Harming US business is ultimately meaningless. The world has to harm US interests in a far more direct way.

    Like a coordinated sell off of all the debt for example. Truss nearly ruined pensions in the UK. The world should try and do that to America.



  • Registered Users, Registered Users 2 Posts: 6,984 ✭✭✭yagan


    No one can do more damage to US businesses than Trump is doing now.

    Where I would agree though is that his threats about Greenland and his sidelining of Europe in talks with Russia is enough to start restricting US services in the single market.



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


    I think there’s a very strong element of disruption without “theory” - it places countries on a back foot but only to a degree - they will and are regrouping - responses for the moment in my view shouldn’t be “textbook” - a bit of wait and see - we’re seen signs of discontent amongst the American people - hopefully they will be a strong voice



  • Registered Users, Registered Users 2, Paid Member Posts: 23,829 ✭✭✭✭Tell me how


    US jobs report out for March.

    Worst Job losses since the pandemic.

    And the reason for it? The richest man in the world, who is getting 8M a day from the Federal Government said that over 100K Government employees should lose their jobs.

    So much winning, all of the winnining, are the people sick of it yet?

    Coupled with the stock market drops, the most suicidal actions by an administration in history. But hey, Trump is gone to Florida to play golf on his course, so, don't worry about it.



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  • Registered Users, Registered Users 2, Paid Member Posts: 3,004 ✭✭✭nachouser


    PIMCO expects U.S. protectionist policies will rekindle inflation and lead U.S. economic growth to slow this and next year, while government spending in Europe could improve those countries' economic prospects.

    "There is a strong case to diversify away from highly priced U.S. equities into a broader mix of global, high-quality bonds," said the California-based fund manager, which manages nearly $2 trillion in assets.

    Even PIMCO is going, nu-uh.



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