How could we win anything by doing a deal with the U.K? Trade surplus, and I think their tariffs were only 1% before all this.
Maybe a smarty reporter should ask Trump how he will measure success on the deal with the U.K? Our surplus will double or something?
And if trade surpluses are...
Since he wants manufacturing and is worried about the movie industry, I wonder if he is aware of all the huge movie studies that have been built in Atlanta? May not be classic manufacturing, but they are doing a great deal. Believe CBS's new soap opera is even being filmed in a studio there...
This week, saw a question that asked what's the Democrats problem? Trump gives you political gold every day and yet you can't do anything with it. Well, this comment about small businesses is gold and should have legs. Unless, somehow Trump proves accurate.
The trick is to focus on questions where you ask him what is he going to do to fix things that are a result of his policies. In a few weeks, the thing to ask him is what is he's doing to fix the supply chain when there's fewer ships in port. Don't even have to mention he caused it because...
Didn't China say they wouldn't talk unless Trump first removed tariffs? I suspect China is going to pull the rug out from Trump if he doesn't. Let the markets keep thinking that something is going to get done, and then China will bring the hammer down if Trump doesn't first remove tariffs.
So China says Trump administration is reaching out to them thru third parties for negotiations? Sounds like Trump is begging for a deal........any deal. That's how China will see it. Who would have thunk?
Didn't the Treasury Secretary claim that China had to be the one to deescalate?
Some interesting provisions in the new mineral deal that was signed. Not sure if I understand, but the fund that both sides contribute to is now 50/50 but the American contribution may need to be (can be) tied to weapons sells to Ukraine. I understand its item #10 on how it will work. So...
So now there will be a shortage of fireworks for 4th of July. Not to mention next year's 250th fireworks are questionable. Interesting, because we know Trump loves military parades and such.
Politicians always refer to paying off the national debt. Which is overlooking some things and gives the public the wrong ideas. A growing business almost always is borrowing more and its debt level or the total debt it owes keeps going up. It borrows to leverage its resources to support...
I agree liberation day was a significant factor. But on the exact same day, the Senate passed its Budget Resolution. There were some economists that opined that much of the bond market's issues might be just as much related to that event as tariff liberation. They woke up and said oh crap...
Ah, but the borrower (or country in this case) can't shut the borrowing down overnight. So it is the borrower (country's) problem. And that line of thinking ignores economic issues that arise from a lack of confidence. To get the issue resolved and repaid requires a smooth economy.
I question that Ross Perot had a clearer grasp. Back in 1992, we had a debt to GDP ratio of around 46%. I would think most economist would agree that the debt ratio is the proper way to look at it. Bankers look at something similar when you go to get a loan and they know that once your debt...