President Trump 2.0

[jfman]

Originally Posted by 1andrew1

Anyone doubting that Trump's faculties are ailing should have no doubt in their mind now after seeing these crazy recession-inducing tariffs.

And Farage is notable by his absence on this. The Liberal Democrats and Conservatives have spoken up. What is "Our Nige's" view?

His faculties are only ailing if this isn’t intentional. He said pre-election he’d do this and has a mandate to deliver.

[papa smurf]

Originally Posted by jfman

His faculties are only ailing if this isn’t intentional. He said pre-election he’d do this and has a mandate to deliver.

This could go into the calendar as orange cretin day if it goes belly up.

[Pierre]

I’m keeping my powder dry, I don’t think anyone is really in a position to critique this for a couple of years…..and that’s only because we don’t know how this will play out mid-term, let alone long-term.

https://wapo.st/4chsBdN

President Donald Trump’s intensifying trade war sent financial markets reeling as investors, companies and Americans fretted about rising costs from an onslaught of new tariffs.


U.S. stocks closed down sharply Thursday, with the tech-heavy Nasdaq falling close to 6 percent for the day and about 17 percent off its mid-February peak, with Apple, Google and Nvidia all posting big losses. The S&P 500 notched its biggest one-day drop since summer of 2020, closing down 4.8 percent. The Dow Jones Industrial Average fell almost 4 percent. The major indexes in Asia and Europe also took a fall, although some recovered their losses during their trading day.


The wave of new import taxes, which are expected to cost U.S. consumers and businesses billions of dollars this year, threatens to radically alter the economic outlook. Economists on Wall Street and beyond are now warning that a downturn is becoming much more likely this year.

“The level of new tariffs is just absolutely massive,” said Luke Tilley, chief economist at Wilmington Trust, which now puts the odds of a recession at 50 percent, up from 40 percent earlier this week. “There is still so much uncertainty, but if these tariffs stay on for three months, there’ll be a recession — and that will be one of the easier calls I’ve had to make in my 25 years of being an economist.”

I wonder how long it will be before Trump goes "Full Truss" and starts calling Wall Street, NASDAQ, the S& P 500, & the Dow Jones Index "woke" and "left wing", and accuse them of "looting, pillaging, raping and plundering” the US of A?

[Pierre]

Originally Posted by Hugh

https://wapo.st/4chsBdN



I wonder how long it will be before Trump goes "Full Truss" and starts calling Wall Street, NASDAQ, the S& P 500, & the Dow Jones Index "woke" and "left wing", and accuse them of "looting, pillaging, raping and plundering” the US of A?

as I say…..in 2027, we may or may not know how it all worked out.

One thing is certain , we won’t know now.

Originally Posted by Hugh

https://wapo.st/4chsBdN



I wonder how long it will be before Trump goes "Full Truss" and starts calling Wall Street, NASDAQ, the S& P 500, & the Dow Jones Index "woke" and "left wing", and accuse them of "looting, pillaging, raping and plundering” the US of A?

On a totally unrelated note…

https://www.irishstar.com/news/us-ne...icker-34990910

Fox News removes their Dow ticker as stocks crater from Trump's new tariffs

[Sephiroth]

Good point.

[1andrew1]

Originally Posted by Pierre

I’m keeping my powder dry, I don’t think anyone is really in a position to critique this for a couple of years…..and that’s only because we don’t know how this will play out mid-term, let alone long-term.

The markets have judged Trump. Hint: It ain't good.

[jfman]

Originally Posted by 1andrew1

The markets have judged Trump. Hint: It ain't good.

The markets have judged their own ability to make money by speculating on the status quo. No more, no less.

No democratically elected leader is obliged to push the markets up at all costs, nor GDP up fractions of a tenth of one per cent, because the normalisation of flawed fiscal rules and economic norms have everyone wailing if you do anything else for 24 hours.

Britain, more than almost anywhere else, which has increased inequalities and reduced living standards for almost twenty years should know they are not ideal metrics.

https://wapo.st/4chsBdN

President Donald Trump on Thursday contradicted his top aides on the purpose of his sprawling new global tariff regime, adding to the uncertainty over the trade war that has sent markets reeling.


Earlier in the day, top Trump aide Peter Navarro and Commerce Secretary Howard Lutnick said the president was not looking to strike deals over the tariffs. “This is not a negotiation,” Navarro told CNBC.


White House officials also circulated internal talking points telling surrogates that the tariffs should not be characterized as a starting point for negotiations, according to three people with knowledge of the matter who spoke on the condition of anonymity to describe internal matters.



But after markets closed down sharply, Trump told reporters on Air Force One that he would be open to striking deals with individual countries.


"Every country is calling us. That’s the beauty of what we do,” Trump said. “We put ourselves in the driver’s seat. If we would have asked these countries to do us a favor, they would have said no. Now they will do anything for us.

”
Trump added: “The tariffs give us great power to negotiate. They always have."

”
The diverging statements came as stock markets slumped worldwide on fears of an escalating trade war.

[ianch99]

Originally Posted by Hugh

https://wapo.st/4chsBdN

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.

[papa smurf]

Originally Posted by ianch99

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.

Arrogance you say, can you give examples? oh and keep it down to a couple of thousand pages

[1andrew1]

Where's Mick when we need him to put Trump's case?

[Russ]

Originally Posted by 1andrew1

Where's Mick when we need him to put Trump's case?

Off to get a new Trump gold card?

[1andrew1]

Also open to hearing from Trump advocates on how 25% US tariffs on Minis, Aston Martins and Range Rovers are good for Britain. I hope Liz Truss is reconsidering her views on Trump now.