Cable Forum - President Trump 2.0

I think it is the arrogance that will bring him down.

We have seen Carney, in Canada, give a very powerful speech stating the old world [trade] order is over. Macron is calling on EU companies to freeze investments in US. People planning to travel to the US are plummeting. This is only the beginning.

I suspect not. He will see how it pans out - after all he is in the driving seat. When it suits him, and the markets have reached a price that suits him (for USA buyouts, etc), he can reverse some/all of what he has just done on a pick and choose basis.

Hugh	04-04-2025 13:26

Re: President Trump 2.0

Quote:

Originally Posted by Sephiroth (Post 36193911)

Liz Truss should emigrate to the USA and get off on Trumps policies.

---------- Post added at 13:22 ---------- Previous post was at 13:15 ----------

I suspect not. He will see how it pans out - after all he is in the driving seat. When it suits him, and the markets have reached a price that suits him (for USA buyouts, etc), he can reverse some/all of what he has just done on a pick and choose basis.

I would imagine quite a few of his "friends" will make a killing out of the Market fluctuations.

ianch99

04-04-2025 14:54

Re: President Trump 2.0

Game on

China imposes 34% reciprocal tariffs on imports of US goods in retaliation for Trump’s trade war

Quote:

China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war.

On Wednesday, Trump unveiled an additional 34% tariff on all Chinese goods imported into the US, in a move poised to cause a major reset of relations and worsen trade tensions between the world’s two largest economies.

“This practice of the US is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” China’s State Council Tariff Commission said in a statement announcing its retaliatory tariffs.

Meanwhile ...

J.P.Morgan lifts global recession odds to 60% as US tariffs stoke fears

Quote:

The risk of a U.S. and global recession this year have risen to 60% from 40% earlier on the heels of President Donald Trump's sweeping reciprocal tariffs, Wall Street brokerage J.P. Morgan said.

I wonder what all those Trumpers think about their crashing 401K (pension) funds?

jfman

04-04-2025 15:03

Re: President Trump 2.0

The vast majority probably think much the same as they did yesterday, and the day before. Panty wetting by observers who wouldn’t vote for Trump anyway (even if they could have) is probably least among their concerns.

Hugh	04-04-2025 15:57

Re: President Trump 2.0

"panty wetting observers"?

https://www.cableforum.uk/images/local/2025/04/1.gif

Not sure JP Morgan quite fit that nomenclature…

jfman

04-04-2025 16:46

Re: President Trump 2.0

A lot of people pay them a lot of money for advice, Trump is now making them earn their corn in unstable conditions. They’re among the least likely people I’d trust for their judgement.

Damien

04-04-2025 17:36

Re: President Trump 2.0

American stocks taking another battering today. This is now the worst period for the stock market since COVID hit. It's down 10% on the year now which is quite extraordinary when you consider it was going up.

papa smurf

04-04-2025 17:43

Re: President Trump 2.0

Quote:

Originally Posted by Damien (Post 36193930)

But the Donald is a financial genius who has only gone bankrupt 6 times

stock markets close at 4pm so they'll have all weekend to nosedive now they've been tango'd

ianch99

04-04-2025 17:52

Re: President Trump 2.0

1 Attachment(s)

Post from a MAGA supporter, seem fair to me?

https://www.cableforum.uk/board/atta...6&d=1743785493

Attachment 31356

Hugh	04-04-2025 17:54

Re: President Trump 2.0

Quote:

Originally Posted by papa smurf (Post 36193931)

But the Donald is a financial genius who has only gone bankrupt 6 times

It takes a special type of genius to bankrupt casinos..

Damien

04-04-2025 17:55

Re: President Trump 2.0

Probably fake. Some ordinary people who aren't MAGA but voted for Trump are probably regretting it but the true believers are fully in the tank for Trump. Even as the US heads for recession, they are just so taken in by him they'll think it's great.

ianch99

04-04-2025 18:05

Re: President Trump 2.0

Quote:

Originally Posted by Damien (Post 36193935)

No, not necessarily. The MAGA base is not a unified, homogeneous one. Some had specific expectations e.g. lowering cost of living, etc. and if they see this not happening and worse, going in the opposite direction then they will make the perceived betrayal known.

Russ	04-04-2025 19:04

Re: President Trump 2.0

Quote:

Originally Posted by ianch99 (Post 36193936)

Absolutely, not all Trump voters are Trumpanzees. I have a number of friends who voted for him, and they're perfectly normal, decent, rational people. They voted the way they did because they felt Kamala didn't offer their demographic any kind of benefits.

Trump may be the world's biggest bullshitter but their view is he at least included the average person in street some benefits.

1andrew1

04-04-2025 19:47

Re: President Trump 2.0

Quote:

Originally Posted by Russ (Post 36193939)

Absolutely, not all Trump voters are Trumpanzees. I have a number of friends who voted for him, and they're perfectly normal, decent, rational people. They voted the way they did because they felt Kamala didn't offer their demographic any kind of benefits.

Trump may be the world's biggest bullshitter but their view is he at least included the average person in street some benefits.

She may not have offered them any benefits but at least she wouldn't have doled out (literally!) the disbenefits that Trump has. A terrible choice of candidates in that election but one stood out as worse and he's marginally in power.