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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: 25,855 ✭✭✭✭Timberrrrrrrr


    Trump

    "We're gonna bring manufacturing back to the US"

    Also Trump



  • Registered Users, Registered Users 2 Posts: 25,855 ✭✭✭✭Timberrrrrrrr


    Do you think they're worried yet?

    Stop dealing with China or we'll raise tariffs again.



  • Registered Users, Registered Users 2 Posts: 7,433 ✭✭✭circadian


    Tesla has been relying on cryptocurrency to boost it's incomes for a few years now. Starting with when they bought around a billion dollars worth, then Elon announcing they'd accept BTC for Tesla, pumping the price, only to sell some of their holdings and withdraw the offer.

    Revenues outside of pumping and dumping crypto are not good. It's a house of cards and once they're rid of Musk and the company is run like an actual car manufacturer you'll see the real valuation and hopefully stability.



  • Registered Users, Registered Users 2 Posts: 4,275 ✭✭✭RoyalCelt


    I've seen theories going around that this was all a big scheme to refinance the US dept after the dollar loses it's value. With the usual Trump clown show thrown in.

    Also China is effectively backing down after saying Tarrifs won't go any higher. If Tarrifs ultimately get reduced on the USA and China to an equal level it'll be a victory for the USA.



  • Registered Users, Registered Users 2 Posts: 190 ✭✭Terence Rattigan




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  • Registered Users, Registered Users 2 Posts: 7,433 ✭✭✭circadian


    These guys are acting like they're the Mafia or something.

    However, the rest of the world

    Untitled Image


  • Registered Users, Registered Users 2 Posts: 18,940 ✭✭✭✭VinLieger


    China aren't backing down, tariffs are at a level where they don't need to raise them anymore due to how little camparatively they already import from the US, they will move to a new strategy in the next few days as further increase on their side is purely performative and will have no effect.



  • Registered Users, Registered Users 2 Posts: 445 ✭✭Will_I_Amnt


    Like everything else, the Trump cabinet meeting was full of bullshit lies and exaggeration -

    • His election win being the biggest of all time,
    • the inflated number of miles about how much border wall was built in his first term,
    • the EU being formed to rip off the US
    • The amount being taken in thru tariffs has suddenly jumped to over $3 billion per day when the $2 billion per day wasn't even true - it is apparently averaging around $200 million per day
    • The simplistic summary of how corporations were allowed to leave the US over the last decades with no acknowledgement of the downside of them being forced to stay

    And the one that annoys me the most - the notion constantly put forward by RFK Jnr that autism has risen from 1 in 10,000 children to about 1 in 31 over recent decades - Not it hasn't. It's just that more are now detected due to broader diagnostics, better screening and data improvements. I for one can recall a few people I was in school with who were thought of as just thickos, looking back at them now, they were probably autistic. But everybody thought a diagnosis like that could only ever apply to visibly obvious cases.



  • Registered Users, Registered Users 2 Posts: 378 ✭✭poop emoji


    I doubt there was any master plan on Trumps side, he just doesn’t do 42D chess

    Plus rates on US debt are increasing not decreasing

    US has 36 trillion $ in debt, 9.6 trillion is maturing this June

    At rate trump is going we are looking at a US government default and a Great Depression especially if he pushes out the only sane person in room > Fed chairman and rest of the gray suits



  • Registered Users, Registered Users 2 Posts: 5,566 ✭✭✭eightieschewbaccy


    Destroyed 401ks, devalued dollar and global trust in them destroyed is a pretty awful result for them.



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  • Registered Users, Registered Users 2 Posts: 445 ✭✭Will_I_Amnt


    I think the $9.2 Trillion is across the entire calendar year - but about 70% of it matures at the mid-point of the year on June 30th. Although most of the maturing debt will be refinanced at varying rates and the can will be kicked down the road - If Trump hasn't made a massive balls of everything by June 30th - That 90 day tariff suspension runs out just over a week after that!



  • Registered Users, Registered Users 2 Posts: 29,625 ✭✭✭✭breezy1985


    Theories spread by people desperately trying to find a way to make Trump's policy look like anything other than a complete failure.

    Backing down would be dropping tariffs by the way.



  • Registered Users, Registered Users 2 Posts: 1,133 ✭✭✭sock.rocker*


    Completely and utterly insane. Whatever about having to deal with the US and negotiate with them directly, but being told how to deal with a third party? I sincerely hope the world tells him to go eat dirt. He's asking the world's populations to roll over and be bullied and abused.



  • Registered Users, Registered Users 2 Posts: 29,685 ✭✭✭✭looksee


    'Trump is going to bring manufacturing back to America…'

    Meanwhile small businesses are unable to recieve goods ordered before the tarrifs because they can't afford the huge charges, will he care that he will end up putting more people out of business than businesses brought back?

    https://www.cnbc.com/2025/04/09/trump-tariffs-port-pileup-coming-as-cash-short-ceos-reject-orders.html

    Muskat said he won’t reject the containers at the port which would force the supplier to take the freight back, but he has told one factory to pause shipping for a week or two, to see how things unfold. Conversations with retailers are ongoing.

    Other U.S. importers are expected to abandon goods at ports, which can then either go back to the manufacturer or it can be auctioned or destroyed in the U.S.

    Larger businesses can possibly absorb the cost of abandoning or returning goods - of course that will affect production as well as actual costs - but smaller enterprises could easily be put out of business.



  • Registered Users, Registered Users 2 Posts: 891 ✭✭✭Dr Robert


    Trump is going to to make China an even bigger powerhouse.

    China has all the cards here. Huge error from Trump starting this mess.



  • Registered Users, Registered Users 2 Posts: 292 ✭✭Derkaiser93


    Some of these countries , and the EU as a bloc is bordering on being in this bracket too are pathetic in their softly softly approach to trump and wanting to negotiate. That's playing into his hands.

    The Chinese have it sussed, keep letting Trump up the stakes and tariffs and as he does this he's just burying himself and Americas economy with their stupidity. Stop letting him think he can bully countries to the table and let him keep making mistakes that harm him.

    Ironically he doesn't have the cards



  • Registered Users, Registered Users 2 Posts: 445 ✭✭Will_I_Amnt


    He is also threatening an additional 25% tariff on any country purchasing oil from Venezuela

    https://www.bbc.co.uk/news/articles/cvgwjxz1e92o



  • Registered Users, Registered Users 2 Posts: 4,275 ✭✭✭RoyalCelt


    Yep. Thanks for you and the other replies. Was just bouncing that theory here to see the rebuttals which I accept. Crazy the world we're living in. Great recession, followed by Brexit, then COVID, then Ukraine war and now trump 2.0! We can't catch a break!



  • Registered Users, Registered Users 2 Posts: 4,275 ✭✭✭RoyalCelt


    Well I'm sure the EU are looking at the bigger picture. One of their most important allies won't be ruled by Trump forever. China isn't an ally and it's always been a horrible regime.

    Can I ask lads how did the US end up in a position where a smaller economy in China has them by the balls?



  • Registered Users, Registered Users 2 Posts: 20,706 ✭✭✭✭Tony EH


    Tariffs are like immigration?

    WTF are you trying to talk about?

    🙄

    As far as Trump's tariff debacle is concerned, there is a galaxy of difference in placing a tariff on a certain product (usually a product that's produced domestically) and placing a tariff on nearly every country on the planet (regardless of the actual product that's being imported) just because you're playing silly buggers like a dumb ass.

    The problem with Trump worshippers is that they haven't the cop on enough to understand that just because Nancy Pelosi or Bernie Sanders may have mentioned tariffs 20 something years ago, that it is absolutely NOT the same thing as the utter nonsense that Trump has engaged in over the last few months.

    A tariff can be used, and has been used in the past, to offset the price difference between a locally produced item and a cheaper imported item in order to try and protect a local economy. The price at the til of the cheaper imported product is raised in the hope that the consumer then opts for the product that's made at home.

    Trump's attitude toward them is like a stone he's using to chuck at somebody in the manner of a tantrum throwing 5 year old.

    It is NOT the same thing and there is nothing to agree or disagree here, because there is nothing logical happening to agree with. It's a complete shambles without any merit at all.

    Post edited by Tony EH on


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  • Registered Users, Registered Users 2 Posts: 255 ✭✭pad406




  • Registered Users, Registered Users 2 Posts: 29,625 ✭✭✭✭breezy1985


    Ya you love "bumping" theories with a certain angle to them.



  • Registered Users, Registered Users 2 Posts: 4,275 ✭✭✭RoyalCelt


    Nice civil debate here and you just had to go there? I have no shame in saying what I believe in as can be seen in the immigration and Ukraine threads. If I liked trump I'd say it. Now debate this like an adult please.



  • Registered Users, Registered Users 2 Posts: 2,138 ✭✭✭Neowise


    simplifying here.

    Why do striking workers hold companies by the balls when they go on an all out strike?

    US outsourced its cheap labour to China, and overnight (now) it decides it does not want it's workforce anymore.

    China knows US is reliant on its produce, and that China is not as reliant on US's products in the same way.

    It takes time to move these reliance's, not something that can be done overnight, or very quickly.



  • Registered Users, Registered Users 2 Posts: 20,706 ✭✭✭✭Tony EH




  • Registered Users, Registered Users 2 Posts: 445 ✭✭Will_I_Amnt




  • Registered Users, Registered Users 2 Posts: 190 ✭✭Terence Rattigan




  • Registered Users, Registered Users 2 Posts: 4,275 ✭✭✭RoyalCelt


    Yeah I get you. It'd make you wonder why the US made itself so reliant on a cold war adversary in the first place.

    Would it not have been better to have more of that cheap labour in places like south east Asia (excluding china), India especially and maybe even Africa?

    Do you lads reckon the dollar will drop further? It suits me for some purchases I make the weaker it gets Vs the Euro. Bought $100 of credit today as the rate is good. Should I hold off a few weeks before buying more?



  • Registered Users, Registered Users 2 Posts: 4,275 ✭✭✭RoyalCelt


    From the BBC

    "Before the tariff war kicked in, China did have a massive volume of sales to the US but, to put it into context, this only amounted to 2% of its GDP.

    That said, the Communist Party would clearly prefer not to be locked in a trade war with the US at a time when it has been struggling to fix its own considerable economic headaches, after years of a real estate crisis, overblown regional debt and persistent youth unemployment."

    With China trying to team up with the EU, the EU should use that as leverage with Trump to increase military support for Ukraine or else. Ukraine is the number 1 issue for the EU and China is the number 1 issue for the US.



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  • Registered Users, Registered Users 2 Posts: 23,030 ✭✭✭✭Tell me how


    But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.

    That right there is the American dream right there for a lot of uber capitalist people. Gaming the system to maximise your gains and shifting cost on to others. A lot of Trump fans would genuinely read that and applaud.

    I lived in the US during Covid and a guy I knew there was working in a company that had to make cost cuts when the pandemic hit. They had two options, a 10% pay cut or a 10% headcount cut. They put it to an employee vote and the employees voted overwhelmingly for the headcount cut. I asked him to explain and he said that most people felt they wouldn't be in the 10% so why should they lose money to save them. Trump fans, like the ones posting videos saying they voted for him but regret it because they lost their job or whatever, would still look at him and think they wouldn't be the ones left holding the can for his bad decisions and would back him. Look at his meme coins and how that has been manipulated.



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