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

Bloodbath in the markets all round the world today.

♫ Just a spoonful of sugar helps the medicine go down..♩

That's the thing. Big companies know that this guy is an idiot and anyone with half a brain in the future would reverse the majority if not all of these stupid economic policies. Anyone trusting a word that comes out of Trump's mouth is even dumber than he is.

Interesting times ahead.

Oil prices really dropping this morning, although part of that may be the Saudis leading overproduction to knock their rivals like Russia and the US out of the game. Supposedly Saudi Arabia flooding the market in the 80s really undermined the USSR.

It will make it easier for the ECB to drop rates while in the US Trumps tariffs will only drive import inflation.

Apparently the EU commission have a 99-page list of US products they intend to place tariffs on. Already the vested interests don't want bourbon whiskey taxed, embarrassing behavior from us, the French and Italians really

https://www.rte.ie/news/politics/2025/0407/1506198-eu-trade/

there's a touch of an out of control megalomaniac about it all.

It's always the people you suspect the most….

Good to see the Daily mail is keeping to its standards on telling the truth about Trump. He told a group of journalists on AF1 how he was doing on the tariffs front and what the European and Asian and world leaders were asking him for. He said that China had a trade deficit with the US and he would like to have it the other way around, the US selling China more than China sold the US.

The Daily Mail couldn't resist putting in the line that Trump said the world leaders begged him for a tariff trade deal, though the words are not on the AV recording of the Trump speech.

It doesn't help that the MAGA thing has become like a religious cult. The messiah could announce literally anything and the millions of disciples would agree with it.

The best response the EU can make is one of solidarity with other member states and not show any in-fighting.

I'd argue what they should be doing is making trade deals with the rest of the world rather than imposing tarriffs, which at the end of the day will only be imposed on us

It's a free world, if individuals want to boycott American produce that's another story. Imposing tarriffs on America the EU population will only lead to needless hardship

This sums it all up pretty well

The cult dont consume CNN of course - and the "Free Speech" administration want to remove CNNs broadcasting license!

Ireland doesn't want tariffs specific to alcohol products because they fear retaliation that will make it harder to sell whiskey over there. It's like saying to the Germans and Spanish, yes we need the yanks to suffer, but only on your products, not on ours. The interests of the entirety of the EU, not individual member states, need to be protected

Ironically enough the Irish govt aren't too bothered about increasing prices of alcohol here in Ireland but that's another debate