| Topic: Trump |
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| 261. Author: wee eck Date: Fri 4th Apr 2025. 12:44 An interesting take in the Guardian on his motivation - `... he is waging an economic war on world trade, a response that his biographer and ghostwriter, Tony Schwartz, blames on his childhood: “a life spent feeling like a victim … any time he does not totally dominate he feels ripped off”.` Reply |
| 262. Author: DunfyDave Date: Fri 4th Apr 2025. 16:51 Andrew283, Fri 4 Apr 12:16 ^^^ And on a militarised island base completely inhabited by only US and UK troops that have zero manufacturing capability and only imports goods for the staff 🤔😁 DunfyDave Reply |
| 263. Author: Wotsit Date: Fri 4th Apr 2025. 21:46 I wonder who they`ll blame for trashing the economy? The enemy travels by private jet, not by dinghy. Reply |
| 264. Author: Dave_1885 Date: Fri 4th Apr 2025. 22:44 Wotsit, Fri 4 Apr 21:46 They are already blaming everyone else…… Reply |
| 265. Author: ipswichpar Date: Sat 5th Apr 2025. 05:59 Where`s Bletchley-Par gone? Reply |
| 266. Author: DunfyDave Date: Sat 5th Apr 2025. 06:10 Dave_1885, Fri 4 Apr 22:44 ^^^ This is the scary part. He has his followers so stoked they believe every word he has to say. He only has to mention that the rest of the world are to blame for his economy collapsing and they will believe him. I worry this may stoke matters worse. DunfyDave Reply |
| 267. Author: red-star-par Date: Sat 5th Apr 2025. 10:51 [Post Deleted] - Request to remove Reply |
| 268. Author: ipswichpar Date: Sat 5th Apr 2025. 12:27 . Post Edited (Sat 05 Apr 19:47) Reply |
| 269. Author: red-star-par Date: Sat 5th Apr 2025. 19:31 red-star-par, Sat 5 Apr 10:51 Deary me, what kind of person could disagree with that, far less run off like a wee clipe to report it? Reply |
| 270. Author: jake89 Date: Sat 5th Apr 2025. 19:38 I vaguely remember your comment, RSP. Don`t recall it being that offensive. Reply |
| 271. Author: ipswichpar Date: Sat 5th Apr 2025. 19:48 red-star-par, Sat 5 Apr 19:31 My comment was based on RSPs original post so I`ve deleted mine myself to avoid creating some heinous offence to someone... Reply |
| 272. Author: The One Who Knocks Date: Sat 5th Apr 2025. 19:52 These tarriffs aren`t being imposed for economic reasons, they are political. Not sure exactly what the end game is here but whatever it is it`ll no doubt be planned to enhance the Trump administrations position which isn`t the same as enhancing the position of the U.S. China though have maybe not read the memo and have perhaps put a spanner into the works. And although my eyes were open They just might as well be closed Reply |
| 273. Author: OzPar Date: Sun 6th Apr 2025. 03:29 A shop in a southern Melbourne suburb exclusively sells US food products. It does quite well, catering to expat Americans and the occasional Aussie seeking a reminder of a taste they had experienced while visiting the States. I used to call into the shop to purchase a packet of Grape-Nuts breakfast cereal that I had taken a liking to in the 1970s, but I stopped going once they increased the price to a level I wasn’t prepared to pay. The store was full of American food products, but barely anything interested me. No matter how hard I tried, I couldn’t bring myself to purchase the oversweetened or overprocessed foods on display. Grape-Nuts were a very rare healthy exception. All this talk about US tariffs has made me wonder how much of what I buy is actually American. I have an Apple computer and iPhone, but how many are manufactured in the States today? It’s been years since I purchased Wranglers or Levis. Most of my clothes are made in Asia these days. Even the most iconic American brands seem to be manufactured overseas. So, what’s left? Harley Davidson? Tesla? How long will Tesla last if Elon Musk continues to behave foolhardily? I saw that sales of Tesla in the last quarter had fallen 60% in some key European markets. I understand that most of what we receive from the USA comes in the form of tariff-exempt services. America’s most significant “tariffable” exports seem related to the military-industrial complex, so perhaps this is just another play to fatten their overflowing pockets. At the end of the day, the consumer always pays for a tariff. Therefore, if tariffs are applied to our goods in America, and presumably, we match their tariffs in the other direction, who suffers the most? On the face of it, surely it’s the American consumer, not us. Or am I reading this wrong? Reply |
| 274. Author: ipswichpar Date: Sun 6th Apr 2025. 08:08 It will be the American consumer. It has taken decades for the globalised model to he put in place. It`ll take just as long to unwind it, if that were ever to happen. But along that way folk will become disillusioned with parties and put the other lot in, at which point things will get reversed again. This is simply pandering for votes, but the people are too daft to realise that they are going to struggle, even as the world`s largest economy, to have any hard influence. I think a lot of the Tesla parts will come from elsewhere and therefore cross borders and have tariffs applied. That loony Sebastian Gorka was on Newsnight on Thursday giving a clear message that the tariffs were the end point and there were negotiations to be had (to reduce them). I suspect the ongoing share volatility and the impact on 401Ks will mean they wind pack in a week or two. Reply |
| 275. Author: The One Who Knocks Date: Sun 6th Apr 2025. 10:25 That`s why these tarriffs won`t work and why they aren`t in place for economic reasons. If they are in place to encourage businesses and companies to bring manufacturing into the U.S that is a long term and expensive commitment. You aren`t going to commit to that if these tarriffs are going to be negotiated away or significantly lowered the day after you start building a multi billion dollar manufacturing plant. And although my eyes were open They just might as well be closed Reply |
| 276. Author: LochgellyAlbert Date: Sun 6th Apr 2025. 12:46 They reckon that the lower share prices will allow investors to scoop them up, then tariffs will be reduced or removed, share prices rise and investors are quids in! Reply |
| 277. Author: Socks Date: Sun 6th Apr 2025. 13:33 "I have an Apple computer and iPhone, but how many are manufactured in the States today?" It probably depends on what you mean by `manufactured`. Each of those devices will contain many electronic components and it`s very likely that they are manufactured in different countries around the world. I do electronic design, and a few years ago there was a serious component shortage and it meant that the only way you could reliably get a new board built was to order the critical parts yourself, in advance - if you did the usual thing of sending your design to an assembler and get them to buy the parts, buy the bare boards and do the assembly, you`d almost certainly find that some critical part had become unavailable by then and you wouldn`t be able to build anything. It was interesting looking at the COO (Country of Origin) declaration that came with the components as they arrived. USA, Taiwan and China were the most common, but there were also parts manufactured in Phillapines and Korea. It made me realise that electronics manufacture really is a global thing - when people ask `where is that made`, the correct answer is probably `all over the world`. It`s interesting that semiconductors from Taiwan now seem to be exempt from the 32% initially imposed. Many big US-based companies use foundries in Taiwan, and there simply isn`t the capacity in the US to do all of what they need. Without TSMC in particular, I`d imagine some of the big US companies would struggle to survive. Post Edited (Sun 06 Apr 13:35) Reply |
| 278. Author: The One Who Knocks Date: Wed 9th Apr 2025. 19:36 Trump dials back tarriffs on the rest of the world but pumps them up to 125% for China. His advisor Peter Navarro states that is all unfolding as planned and is beautiful. I must admit as it stands just now it appears that the U.S is in full control of the situation as other countries scramble for concessions, dither about retaliatory responses and generally look weak. Meanwhile the one nation that took firm action looks set to be left without a chair once the music stops. China has now been flipped into a weaker position, at least superficially, regardless of what it does next. They either keep their own tarriffs against the U.S in place and see who crumbles first or they bend the knee and lower their tarriffs. If this is how it plays out then Trump is a far smarter man than I gave him credit for. And although my eyes were open They just might as well be closed Reply |
| 279. Author: ipswichpar Date: Wed 9th Apr 2025. 20:42 I don`t think he`s far smarter. He`s a gambler and a bullshyter. He`s playing every round of cards that appears in front of him and hoping it works. I suspect they`ll both end up losing. Or actually winning. Wouldn`t it be great to be in a position where you can drive the market and go short and long appropriately? Imagine how much money one could make..... Reply |
| 280. Author: jake89 Date: Wed 9th Apr 2025. 20:47 The One Who Knocks, Wed 9 Apr 19:36 You think declaring a load of tariffs one day and then changing them a few days later is "unfolding as planned"? The US is a mess. Most of the Western world is a mess. All in debt to each other and manufacture almost nothing of value anymore. Service economies are fine...until you realise how easy it is to offshore those jobs. Reply |