[Politics] Donald Trump, US President

[BLOCK F]

At what point do tariffs become so high as to be an effective trade embargo meaning that raising them any further has an insignificant effect, or have we already passed that point?

I may be imagining it, but I think I read that someone ( can’t remember who) said anything over 50% is basically irrelevant, because trade would effectively stop at that point anyway.

 

[aolstudios]

USA "Hold my beer"

No doubt Don & Elon would like to be but not within a million miles yet

 

[SouthSaxon]

I may be imagining it, but I think I read that someone ( can’t remember who) said anything over 50% is basically irrelevant, because trade would effectively stop at that point anyway.

Surely that depends what tariffs are applied to? For example, China imports soybeans from the US but these are available from elsewhere.

It’s a bit harder when the product is an iPhone, manufactured in China with no realistic short-term alternative for Apple to switch to.

 

[Doug-ees-evil]

This is good from Max Hastings on the current dismantling of US democracy through state capture. It’s easy to get lost in the scale of what’s happening.

https://archive.is/dEKQN

A great, but very sobering read. So many parallels with Germany in the 30s.
They didn't do a particularly robust job when designing the checks and balances did they.

 

[fly high]

Good to see that the BBC online coverage of the turmoil on the global financial markets hasn't suffered from dumbing down now that all the proper journalists have fled to the Cotswolds for their Easter break, giving the staffers and juniors their time to shine...

"Investors turn to gold for stability...gold has been valuable to mankind for centuries. It's a scarce metal, but not completely rare. It has a relatively low melting point and so can easily be made into coins or jewellery. While silver tarnishes over time, gold doesn't.

As Tony Hadley sang in the Spandau Ballet classic: 'You're indestructible.' He was 'always believing', in gold - investors continue to do so as well."

Grandma knows how to suck eggs as well you know.

 

[Is it PotG?]

As Tony Hadley sang in the Spandau Ballet classic: 'You're indestructible.' He was 'always believing', in gold - investors continue to do so as well."

True.

 

[fly high]

Surely that depends what tariffs are applied to? For example, China imports soybeans from the US but these are available from elsewhere.

It’s a bit harder when the product is an iPhone, manufactured in China with no realistic short-term alternative for Apple to switch to.

I read they have a factory in India, mainly to supply the Indian market, but they are thinking of upping production there. What is Trump going to do if Apple continues getting components from China for their Indian factory?

 

[aolstudios]

Did someone say 'cult'?..

 

[seagullsovergrimsby]

Did someone say 'cult'?..

Is that a misspelling

 

[Bakero]

This is the kind of people we're dealing with:

 

[raymondo]

Complete coincidence, probably

Rep. Marjorie Taylor Greene's 17 Stock Buys in the Market Crash Turn to Profits After Trump's Tariff Pause​

https://www.ibtimes.co.uk/rep-marjo...urn-profits-after-trumps-tariff-pause-1732609

She's a nasty piece of shit...a bit richer now but still a piece of shit

 

[Greg Bobkin]

This is the kind of people we're dealing with:

She lost me at "God controls the climate"

 

[fly high]

She lost me at "God controls the climate"

Me too.

 

[birthofanorange]

She lost me at "God controls the climate"

Lost me at 'God'.

 

[Bakero]

I like the cut of this guy's jib

 

[South Stand Bonfire]

Trump is 100% going to lose this trade war with China.

No,no,no,no,no. Give yourself a light slap! He is going to make it LOOK like he is losing, but what he is really doing is allowing the Chinese to save face but letting them appear to have won. Don’t you play 5D chess? #7 steps ahead.

 

[Wrong-Direction]

 

[aolstudios]

I like the cut of this guy's jib

Me too.
Except I won't forget he represents an even nastier regime (not that Trump wouldn't like to emulate them)

 

[deletebeepbeepbeep]

This is the kind of people we're dealing with:

We are screwed.

 

[birthofanorange]

I like the cut of this guy's jib

Did Vance truly call them 'Chinese peasants'?