Is anyone watching this Trump car crash?

[soundsys]

WTF is happening? It’s like some bizarre performance art piece.

He’s holding up signs and shouting and throwing out hats it’s just 🤯

I meant The Movie

He actually spent 10% of the time talking about the tarifs and 90% of the time talking about himself. It was quite embarassing to watch. I can't believe we have this clown running the world economy.

What do they want to achieve? and how? the calculations they are based on, is drastically flawed

All dictators have "plans, aims etc" supported by their chosen SPADs, doesn't mean they are not stupid people.

There are very few economists who think a tariff war will end well for either the US or the RoW.

Unless this is some sort of master plan to REDUCE tariffs.....

Sorry! I'm a bit dozy today

The “plan” is to reduce the us debt. Slashing expenditures and increasing income.
The global economic reset is an interesting theory never yet tried and unlikely to be achieved in 4 yrs time.
Part of the reset is lower wages for workers.

It will take a few years to put right but bringing good quality manufacturing jobs back to the west is the only way to help the working class. CEOs will always produce product where it is cheapest or viable to do so. Trump has just made it viable to produce in the USA again. In time those jobs will allow the working class to have a decent standard of living again. Every country where manufacturing has moved to the East has suffered a similar downturn in workers purchasing ability.
Good luck to them they are trying something different, if you od the more of the same you get the same results; hence why Trump is trying something different and the establishment don't like change.

the calculations they are based on, is drastically flawed
I don't think the aim of the actual calculations is to present an accurate picture - it's just a pr stunt to put pressure on those countries. The whole thing, with the board etc, was just aimed at great tv for the MAGA supporters.

Tariffs initially will bring in revenue, as the workers get the newly on shored jobs then they will pay tax to offset any reduction in tariff revenue.

Trump is the only western politician to be trying to give workers decent well paid jobs again, I hope he succeeds.

Hey Americans, here's some huge tax rises for you. Even better, I'm calling them tariffs so you'll think I'm punishing the furriners. Signed, Emperor Bigly the Tremendous. See my lovely new clothes?

The idea that companies will magic up manufacturing plants and move their systems over within the next couple of years is for the birds. In the meantime workers are left with rising costs.

I agree that IF Trump uses the funds collected on tariffs to invest into US manufacturing that this could create jobs in the USA and in the long term benefit the US. Unfortunately I think the revenues are more likely to be plowed into tax cuts for higher earners - so unless those people invest their tax savings into US manufacturing then the tax take from tariffs won’t trickle down to result in new jobs. The US consumer will bear higher costs for imported goods and without domestic alternatives then this will lead to inflation and recession in the US economy.

70 Million people voted for a convicted felon to take the world's highest and most influential office! Incredible!

Yeah, you're right. A minor offset at best.

Yes you are shafting 100% of the US population with higher prices now in order to improve jobs for 10% of the US population in 10 years' time.

And when you are messing with tariffs like this internationally it hits the poorest countries hardest and causes social upheaval so all you're going to see from that is an influx of illegal immigration, especially to the US, which is the opposite of what he's trying to achieve.

Not to mention they have to import a lot to manufacture a lot of things because it literally doesn't exist in the quantities they need.

Yeah, I watched it. And have been watching opinions around it before, during, and since.

I was in the UK in the run-up to the Brexit vote. Do you guys remember what was happening then? The media showcased people standing in a mall owned by Dubai, in between an H&M (Swedish) and a Zara (Spanish), holding a bag from Promod (French) and announcing "We don't import anything from abroad, us!" And the world laughed, but Brexit happened.

How do you tell someone that they are wrong when, by their own definition, they CANNOT be wrong? When everything they say is right because they say it, and because everything anyone they disagree with says is a lie?

It was stupid and ignorant then and it's stupid and ignorant now. But we have been here before, and (mostly) survived). Maybe the USA will, too. Maybe they need to go through the self-imposed pain and suffering and come out on the other side.

I'm so very sorry about how this impacts the rest of the world, though.

Oh dear

Another one! This is St. Pierre et Miquelon. Population: 5819.

It now has one of the world’s highest tariffs - 99%. The US imported only $3.5M of its shellfish last yr. BUT the island imports ZERO from the US.

So, the idiotic White House formula (imports v exports) couldn’t cope. It spat out 99%.

https://bsky.app/profile/newseye.bsky.social/post/3llvnng43s22t

Well their open air blueprint for what they want to achieve is Project 2025 - the relevant chapter being here https://static.project2025.org/2025_MandateForLeadership_CHAPTER-26.pdf

This seems to indicate to me the purpose of global tariffs is to spark a trade war with China, destabilising the Chinese economy and fundamentally annihilating the WTO.

Project 2025 shows there are some very clever people pulling President Trump's strings - the danger is being distracted by their puppet and taking our eyes off the longer term goals of the puppetmasters. That's why they chose him as a Presidential candidate, after all...

How will US workers buy these now, far more expensive goods? as they wont be able too, there will be no huge amount of tariffs collected.

An example....Taiwan is the worlds number producer of hi end chipsets, used in cars, phones PC's planes etc etc.. it took them decades to be able to produce these, the US will not be able to build the factories, up skill the workforces or get the machinery in any meaningful time scale to meet demand.

The US can pay better wages right now for jobs that replaced the factories etc, but people like Trump Musk etc decided them becoming billionaires is more important.

Look at what Trump has done throughout his life.. not what he says...

Well yes exactly, anyone who plans inc destabilisng China is indeed stupid but this is not the 1930s, i think the USA could well be in for a bit of shock....

I might be wrong about this but I can't see many companies relocating their manufacturing jobs to the US.

They won't want to pay the wages that American workers will want. It's much cheaper to pay people in less developed countries who will work for less.
Even though America isn't exactly pro-union there are still more labour laws and protections for workers than in many other countries.
Also if they have to import raw materials and other components, won't they be subject to the tariffs? So it won't actually be cheaper and it won't result in prices going down for the consumer.
Who's going to want to spend the capital to relocate an entire production facility from somewhere like China to America?

They apply sales tax on final consumers in some parts of the US. Which is easier to evade than VAT

No, the way to help the working class is to stop the flow of wealth from them (and the middle class) to the super rich. No manufacturing will relocate because it costs millions (at best) and Trump may change his mind next week.

That’s not what he’s trying to do though. He couldn’t give less of a stuff about working class people (or anyone but himself and his cronies). If you can’t see that looking at his past history…

Quite. If he cared about the working class people he wouldn't be cutting benefits, firing people from Government positions and threatening Social Security, foodstamps and other programs designed to help people who are struggling.