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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: 35,567 ✭✭✭✭Penn


    It's something I was thinking about last night; our prices (and the same with other countries) may rise due to tariffs on US goods. But in the US, their prices will rise due to tariffs… on everyone.

    Unless it's something completely made with raw materials from the US, manufacturers/processed, packaged etc, all in the US, then the price of it will rise. Whereas we only have to deal with that on goods from the US.

    Of course there is then the knock-on effect of that for us too, but overall just in terms of day-to-day consumers, the US populace are going to be hit much harder than us. And that could make them start to turn and reject Trump's plan very quickly.

    That may not matter because Trump will still belt on regardless and won't stop until he can point to some sort of win, but if enough GOP politicians start to feel the heat maybe some of them will start to remember they have a backbone they haven't used in a while.



  • Registered Users, Registered Users 2 Posts: 761 ✭✭✭Infoseeker1975


    Investing with money you do not need for day to day plus having a rainy day account already funded is wise assuming your timeline is 10yrs+.

    By the end of April Trump will have moved onto something else in a moronic fashion; he is bored with Gaza, bored with Ukraine, now it is tariffs, something else will take over soon



  • Registered Users, Registered Users 2 Posts: 9,301 ✭✭✭Oscar_Madison
    #MEGA MAKE EUROPE GREAT AGAIN


    We hang on to what little hope we have I guess - I’m with ya, just not totally convinced American public will react and respond they way we want them to - they seem to be more easily swayed today than ever they were- and not in a good way


    Also, it’s not just prices -there’s also loss of jobs which we may not see for a while but it will come - article below bloody sobering reading - I know our country has its problems - housing, long medical waiting lists - etc -but it does have jobs- and good ones too- but for how long more?

    Im not particularly religious but I don’t believe it’s a sin to pray for high prices and high unemployment rates in America until they see sense


    https://www.theguardian.com/world/2025/apr/09/half-the-place-would-be-blown-to-bits-the-irish-villages-under-threat-from-trumps-tariffs



  • Registered Users, Registered Users 2 Posts: 738 ✭✭✭RickBlaine


    Apple's share price is now what it was in April 2024. Trump has wiped an entire year's worth of stock growth in just a few days of trading.



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


    Trump claims it's already $2 billion per day being taken in new tariffs - which is bullcrap - But the high fives and back slapping on X here is bizzare - don't they realize it's $2 billion per day coming from them (even if it was true)



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  • Registered Users, Registered Users 2 Posts: 386 ✭✭poop emoji


    while wiping out two trillion per day every day of Americans wealth



  • Registered Users, Registered Users 2 Posts: 3,582 ✭✭✭McFly85


    Even if there are products that are created end-to-end in the US, prices will likely still go up on those to closely match their tariffed equivalents while being slightly cheaper, driven by a mix of corporate greed and general increased operational costs caused by Trumps disastrous policies.

    Nobody wins here, apart from Trump and that’s mostly in his own head.



  • Registered Users, Registered Users 2 Posts: 386 ✭✭poop emoji


    ”But the scenario is highly unlikely, not least because the pain for China would be huge.

    Marcello Estevão, chief economist at the Institute for International Finance (IIF), says: “It would be self-defeating because it would very much hurt China.”

    LOL the only country world that cares even less than Trump about their subjects is China



  • Moderators, Category Moderators, Arts Moderators, Computer Games Moderators, Entertainment Moderators Posts: 30,562 CMod ✭✭✭✭johnny_ultimate


    Given the relief for goods already en route to the US, it'll likely be a month or two before the price hikes really begin for American consumers. And rest assured they will, because there's not a hope in hell corporations are going to eat 20, 50 or 100% tarriffs. It'll be even worse when entire industries start floundering - just in quarters I frequent online I know the board game industry as we know it is going to be unable to function in the US at least given some of these tarriffs.

    Also, a tarriff is a tax. 'Trump tax hike' has a nice ring to it, and one any competent opposition would be repeating over and over again in the long run up to mid-term elections.



  • Registered Users, Registered Users 2 Posts: 14,805 ✭✭✭✭8-10




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  • Moderators, Category Moderators, Arts Moderators, Computer Games Moderators, Entertainment Moderators Posts: 30,562 CMod ✭✭✭✭johnny_ultimate


    My default expectation from the Democrats is an endless series of failure and self-owns, alas.



  • Registered Users, Registered Users 2 Posts: 2,456 ✭✭✭All_in_Flynn


    China with an 84% retaliatory tariff. No backing down there anyway.

    Where does this end? The two largest economies in the world are in a full on trade war.



  • Registered Users, Registered Users 2 Posts: 386 ✭✭poop emoji


    Yep China just slapped back with extra 50% bringing up to 84%


    https://m-mof-gov-cn.translate.goog/czxw/202504/t20250409_3961685.htm?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp



  • Registered Users, Registered Users 2 Posts: 29,640 ✭✭✭✭breezy1985


    Looking at comments online and interviews with the general public I am getting the feeling that Trump supporter thinks putting a tariff on China (or whoever) means that China has to pay the tariff and not the importer.



  • Registered Users, Registered Users 2 Posts: 5,688 ✭✭✭yagan


    t bills falling is hardly surprising when Trump has talked previously of such bonds being forcefully elongated, another form of default.

    Tariffs actually happening crystalizes the t bill risk, so no surprise if they're being sold off around the world.

    I'm not what the fed can do, as this isn't a liquidity crisis like in 08. This is a tsunami of USD coming home where no where to go.



  • Registered Users, Registered Users 2 Posts: 18,942 ✭✭✭✭VinLieger


    Chefs kiss timing from china with 2 hours till US open plenty of time to have opening several percent down again, there will surely be a republican revolt after today



  • Registered Users, Registered Users 2 Posts: 5,688 ✭✭✭yagan


    It's not really. It's the US that's at war with the global economy. It's just China has been more prepared for turbulence since the Huawei ban.

    The global economy outside the US will continue regardless.



  • Moderators, Entertainment Moderators Posts: 18,041 Mod ✭✭✭✭ixoy


    There is absolutely a significant number who think this. It still hasn't sunk in that the cost will be borne by Americans who are effectively paying the tariffs.

    It might be a few months before the reality kicks in and even then the blame will be directed elsewhere. I've no hope for many of them anymore to understand what's happening.



  • Registered Users, Registered Users 2 Posts: 12,846 ✭✭✭✭aloyisious


    According to Trump, it's for the purpose of getting US citizens back in jobs at home that were originally America's in factories in the US before the owners of those factories shut up shop there and moved production abroad. Jobs at home means more happy employed people in the US, more tax for the US, no scrounging off Uncle Sam and every four years the return on votes.

    He won't mention the undeniable US corporate urge behind the closures and movements abroad and the failure of US Federal and State Govts to keep the same US corporate boardrooms happy at home.

    On the actual big money being in more expensive drugs, that's probably part of the allure for him.



  • Registered Users, Registered Users 2 Posts: 1,138 ✭✭✭sock.rocker*


    That article posted earlier is really interesting. How in the US, it's consumers buying merchandise like TVs etc. from China, whereas in China, it's companies buying soybeans and stuff from America. The average Chinese person isn't buying stuff that will be directly tariffed and so the effect just won't be the same.

    I don't see this going well for the US.



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  • Registered Users, Registered Users 2 Posts: 1,437 ✭✭✭halkar


    They will wake up to reality when the price of almost everything doubles on Amazon



  • Registered Users, Registered Users 2 Posts: 7,438 ✭✭✭circadian


    China upped tariffs from US to 84%, German DAX seeing a big dropoff.



  • Registered Users, Registered Users 2 Posts: 386 ✭✭poop emoji


    Usually prices in US are shown ex local tax and then you get surprise at till

    They should leave the prices same but add “Trump Tarrif Tax” as a line before local sales tax with a mugshot of trump pointing at line saying “I did this”



  • Registered Users, Registered Users 2 Posts: 268 ✭✭Aurelian


    Does anyone else think this is all so mental that it might just completely fizzle out and get switched off in the coming weeks? Like it was all a dream.

    That or WW3 I suppose.



  • Registered Users, Registered Users 2 Posts: 264 ✭✭SpoonyMcSpoon


    It ends as quickly as it started. This is all smoke and mirrors from the Trump administration. Markets are panicking because they are sensationally overvalued and in a bubble. There is too much interconnectedness in the global economy for these tariffs to last; deals will be made in the coming weeks and life will go on.



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


     Jobs at home means more happy employed people in the US, more tax for the US, no scrounging off Uncle Sam and every four years the return on votes.

    Who does he propose these happy employed people are gonna be? The US unemployment rate is 4.2% which is economically regarded as full employment where everyone who wants a job can find one. Does he think people already in jobs are gonna leave those jobs to work on assembly lines making Nike trainers for minimum wage? The very people who MIGHT have been interested in those jobs are the very people whom he wants to throw out of the country, or prevent entering the country in the first place. There's absolutely zero joined up thinking in any of this!



  • Registered Users, Registered Users 2 Posts: 5,688 ✭✭✭yagan


    It's like watching a sped up brexit, brexit on cocaine.



  • Moderators, Entertainment Moderators Posts: 18,041 Mod ✭✭✭✭ixoy


    In order for countries to meet his crazy deficit notions, they'll need to buy a load of American products.. are there actually even enough products? If everyone suddenly wanted to buy the insane target then the factories couldn't keep up. It's impossible to close the deficit even if people wanted to (they don't).



  • Registered Users, Registered Users 2 Posts: 12,846 ✭✭✭✭aloyisious


    In part of one of his statements about who will do the jobs in the new US factories, he indicated they would be from parts of the world which his deportees are not from or going to and would be familiar with the English language.



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  • Registered Users, Registered Users 2 Posts: 386 ✭✭poop emoji


    thinking more along these lines

    If us retailers were smart they would print on receipt “price without Trump tarrifs would be x$, don’t forget to say thanks”



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