Trump

[Del Woppio]

Oh wait I'm confused, is the cars still 25%?

 

[Paddingtonwolf]

Wouldn’t surprise me if the whole lot of them are ‘shorting’ the markets, will make huge amounts as it drops and then huge amounts when they go back up when tariffs are cancelled/deals are made.

Of course they are

In one day last week you could have sold 1 billion Tesla stock you don’t own at 9am and then bought the stock at 3.45pm ro pass to the morning buyers before the Market closes
At that level commission is probably 0.5 per cent so you cream off 45 million on the fall

And then move to the Nikkei and do the same with Toyota and Honda

 

[Jack Regan]

Yep 25% on all car imports.

Someone just needs to say to him that the reason we don't buy any of your cars, is because the majority of them are plastic, gas guzzling, can't get around a corner, ridiculously huge pieces of shit.

 

[Del Woppio]

One thing I will say, is that if this actually works, and it encourages investment and jobs into manufacturing in America, reinvigorates the middle class...get me a red hat

 

[Alan]

One thing I will say, is that if this actually works, and it encourages investment and jobs into manufacturing in America, reinvigorates the middle class...get me a red hat

The amount of infrastructure that would be required for this to start paying off could take a decade or more to get up and running. That's before even considering where the raw materials themselves come from. Hint: it's generally not the US.

 

[darlowolf64]

The amount of infrastructure that would be required for this to start paying off could take a decade or more to get up and running. That's before even considering where the raw materials themselves come from. Hint: it's generally not the US.

It's alright, Trump will be in his 5th term then...

 

[leedswolf]

Yep 25% on all car imports.

Someone just needs to say to him that the reason we don't buy any of your cars, is because the majority of them are plastic, gas guzzling, can't get around a corner, ridiculously huge pieces of shit.

SInce Brexit our biggest single trade partner is the US with just over 21% of our exports in 2023, the US had a $11.9bn trade surples with the UK.

 

[Alan]

It's alright, Trump will be in his 5th term then...

I almost mentioned that in a parenthetical, but I decided not to contemplate the idea and spiral into a depressive episode.

So. Thanks for the depressive episode, jerk.

 

[nimrod]

how the 'fake tariff rates' were calculated apparently ignoring 'services' which the US typically runs a surplus on as we saw with the EU.

https://twitter.com/x/status/1907559189234196942

 

[AndyWolves]

I hope anyone within 5 years of retiring has moved out of equity heavy funds

 

[Kenny]

Love a 10% tariff on the Heard Island and McDonald Islands....no one actually live there.
That said the trade the Penguins do with the USA is probably fucked.

 

[AndyWolves]

Is there a reason Russia isn't on the list?

 

[Kenny]

Is there a reason Russia isn't on the list?

Can't think of any reasons...obviously an admin error they will correct later

 

[leedswolf]

US-Russia trade has dropped considerably since Washington imposed sanctions on Moscow in 2021.

 

[nimrod]

Is there a reason Russia isn't on the list?

maybe..
lack of trade between them?
ukraine/sanctions negotiations?
orange man allegedly being compromised in various ways?

 

[Sniffer]

I’d say sanctions too. They aren’t allowed to buy products from Russia are they?
Trump was talking about higher tariffs for states still purchasing from Russia if (when) Russia doesn’t agree to the ceasefire proposals.

 

[Tredman]

This needs to be more widely known, we are dealing with utter morons

Reciprocal tariffs: you won’t believe how they came up with the numbers

There is some method to the madness — it’s just a nonsensical method

www.ft.com

Edit - if you go via Bluesky it should be free to read:

https://bsky.app/profile/gilesyb.bsky.social%2Fpost%2F3llvj2rvihc2r

 

[Sniffer]

Importers pay the tariffs, they pass on their additional costs to Sam public, tariffs collected are then distributed in the form of tax cuts. The already wealthy get wealthier whilst everyone else is poorer.

 

[nimrod]

This needs to be more widely known, we are dealing with utter morons

Reciprocal tariffs: you won’t believe how they came up with the numbers

There is some method to the madness — it’s just a nonsensical method

www.ft.com

Edit - if you go via Bluesky it should be free to read:

https://bsky.app/profile/gilesyb.bsky.social%2Fpost%2F3llvj2rvihc2r

Given they're imposing 25% on cars across the board, you wonder if they even adjusted for that when calculating the rate for the balance of tariffs, as otherwise they're double counting the impact of the car trades. I mean the methodology is dumb as fuck, but if you're going to apply it you'd surely deduct the trades on the fixed tariff items (ie cars) as part of the calc. Did they do that?

 

[leedswolf]

What Trump's tariffs really mean by Chris Murphy, US Senator for Connecticut, they are purely political...

"Those trying to understand the tariffs as economic policy are dangerously naive.
No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief.

This week you will read many confused economists and political pundits who won’t understand how the tariffs make economic sense.

That’s because they don’t. They aren’t designed as economic policy. The tariffs are simply a new, super dangerous political tool.

You see, our founders created a President with limited and checked powers. They specifically put the power of spending and taxation in the hands of the legislature.

Why? Because they watched how kings and despots used spending and taxes to control their subjects.

British kings used taxation to reward loyalty and punish dissent.

Our own revolution was spurred by the King’s use of heavy taxation of the colonies to punish our push for self governance.

The King’s message was simple: stop protesting and I’ll stop taxing.

Trump knows that he can weaken (and maybe destroy) democracy by using spending and taxation in the same way.

He is using access to government funds to bully universities, law firms and state and local governments into loyalty pledges.

Healthy democracies rely on an independent legal profession to maintain the rule of law, independent universities to guard objective truth and provide forums for dissent to authority, and independent state/local government to counterbalance a powerful federal government.

But the private sector also plays a role to protect democracy. Independent industry has power.

The tariffs are Trump’s tool to erode that independence. Now, one by one, every industry or company will need to pledge loyalty to Trump in order to get sanctions relief.

What could Trump demand as part of a quiet loyalty pledge?

Public shows of support from executives for all his economic policy. Contributions to his political efforts. Promises to police employees’ support for his political opposition.

The tariffs are DESIGNED to create economic hardship. Why? So that Trump has a straight face rationale for releasing them, business by business or industry by industry.

As he adjusts or grants relief, it’s a win-win: the economy improves and dissent disappears.

And once Trump has the lawyers, colleges and industry under his thumb, it becomes very hard for the opposition to have any viable space to maneuver.

Trump didn’t invent this strategy. It’s the playbook for democratically elected leaders who want to stay in power forever.

The tariffs aren’t economic policy. They are political weapons.

But as long as we see this clearly, we can stop him. Public mobilization is working. Today, a few Republicans joined Democrats to vote against one set of tariffs.

The people still have the power.