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Donald Trump the Megathread part II - mod warnings in OP, Updated 18/03/25

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Comments

  • Registered Users, Registered Users 2 Posts: 2,076 ✭✭✭aidanodr


    So keep an eye on the DOLLAR as it weakens at the mo .. esp if buying digital things online like software etc. Maybe some bargains to be had

    1 Dollar is at about €0.90c at the moment



  • Registered Users, Registered Users 2 Posts: 14,812 ✭✭✭✭8-10




  • Registered Users, Registered Users 2 Posts: 7,145 ✭✭✭Damien360


    that has to be a staff member that made the list for him making a mockery of him.



  • Registered Users, Registered Users 2 Posts: 2,146 ✭✭✭chasm


    Are the 12 days McGregor gave the Govt up yet?



  • Registered Users, Registered Users 2 Posts: 20,710 ✭✭✭✭Tony EH




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  • Registered Users, Registered Users 2 Posts: 4,807 ✭✭✭EltonJohn69


    Apparently the tariff calculation was done entirely by AI.



  • Registered Users, Registered Users 2 Posts: 363 ✭✭CoffeeImpala


    Kerrygold is made by Ornua (formerly the Irish Dairy Board) so you are correct a drop in its sales is unlikely to affect Kerry Group.



  • Registered Users, Registered Users 2 Posts: 2,076 ✭✭✭aidanodr


    Great days work Mr Trump, truely The art of the Deal :D … still say EU etc should just sit back and watch the carnage, do nothing, dont retaliate .. yet

    $2 trillion dollars wiped off the US stock market



  • Registered Users, Registered Users 2 Posts: 12,854 ✭✭✭✭aloyisious


    Trying to stampede the tariffed world to the new desk in the Oval Office on behalf of his dad.



  • Registered Users, Registered Users 2 Posts: 11,800 ✭✭✭✭Red Silurian


    If it would harm EU companies more I don't see a point in pulling investments out of the US.

    Fair enough. It's also unlikely to affect Ornua by much either though for the same reasons as my above point



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  • Registered Users, Registered Users 2 Posts: 5,586 ✭✭✭10000maniacs


    I can't believe Irish financial institutions still have $340 Billion in US bonds.

    Are they feckin' crazy. Trump will burn you eventually.

    I see Ireland cashed in $40 billion in bonds recently but its not enough. Sell, sell sell.

    Its not enough to take Macrons advice and stop buying them.

    Sell what you already have too.



  • Registered Users, Registered Users 2 Posts: 1,526 ✭✭✭Westernview


    The more this goes on the more it feels like Brexit alright. The misled voters with promises of a new shiny city on the hill. The morons promising better times with absolutely no credible plan. Blow it up and wait for the world to crawl back and give everything the US wants. The lack of understanding of trade, the exceptionalism. it's uncanny.



  • Registered Users, Registered Users 2 Posts: 3,061 ✭✭✭Suckler


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



  • Registered Users, Registered Users 2 Posts: 3,328 ✭✭✭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: 5,574 ✭✭✭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: 1,526 ✭✭✭Westernview


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



  • Registered Users, Registered Users 2 Posts: 2,613 ✭✭✭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."



  • Registered Users, Registered Users 2 Posts: 292 ✭✭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: 1,121 ✭✭✭greenfield21




  • Registered Users, Registered Users 2 Posts: 12,854 ✭✭✭✭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.



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  • Registered Users, Registered Users 2 Posts: 5,574 ✭✭✭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: 2,212 ✭✭✭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.



  • Registered Users, Registered Users 2 Posts: 25,109 ✭✭✭✭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: 446 ✭✭Will_I_Amnt


    Brian Walsh, Thomas Boodry and David Feith

    Never heard of any of em



  • Registered Users, Registered Users 2 Posts: 18,980 ✭✭✭✭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: 4,877 ✭✭✭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: 5,701 ✭✭✭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: 4,877 ✭✭✭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: 292 ✭✭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.



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  • Registered Users, Registered Users 2 Posts: 446 ✭✭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.



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