Board Trump supporters

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Ramrouser said:
Trump's tariffs' policy (Liberation Day) has been a complete success - confounding all the financial experts.
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Link to the economic benefits the country has seen from "Liberation Day" tariffs? Has Trump lowered consumer prices or inflation? Has he reduced the debt or deficit? These are the things he said it would be easy to do day 1, right? Guess that was about as accurate as his pledge to bring peace to Ukraine and Gaza on day 1, huh?
 
Ramrouser said:
Don't focus on the way Trump conducts himself at the Press Conference or whether he was rude. crude and crass. What about the results:

Historic trade deal with the EU.
15% tariffs on their goods with 0% tariff on our goods (i'm sure it's a lot more complicated than that but that's the base line).
Opens European markets (finally) to US.
Billions of dollars in pledged investments in US.
EU's been talking tough since April but they CAVED to Trump and got nothing in the negotiations. Are you not on team USA?
EU and Starmer even came to Trump while he held court at his Turnberry Golf Resort!

Trump's tariffs' policy (Liberation Day) has been a complete success - confounding all the financial experts.

While, earlier, all NATO countries pledged 5% defense spending (except Spain).

It simply doesn't get any better than this.
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1. Now that it's cheaper to produce cars in Germany and send them with 15% tariffs to the US than to produce cars in the US with the hefty steel tariffs, how it that helping American manufacturing?

2. European markets have always been open and it's unclear what you are talking about. The EU is the most open market in the world, I believe (perhaps after Singapore).

3. Billions of dollars pledged. LOL. You fell for the same trap as Trump. The Europeans have already chortled admitted that there is no way to enforce that pledge, because the EU doesn't buy anything. Reminds of the LNG hilarity from Trump 1.0.

4. We will see what happens from the EU. The deal is not final, and I suspect there will be at least a few tariff increases for Europe. But I also suspect the Europeans are counting on a Canada effect -- boycotts will hit harder than tariffs.

5. Trade deals are not about CAVING. Trade is mutually beneficial. Europe will trade more with China and India and less with the U.S. We're going to have these fat tariffs and nobody to sell to.

6. The trade policy has been a disaster and continues to be so. I have no idea why you think it's good that interest rates and inflation is up, while GDP is down.
 
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Ramrouser said:
The trend thus far is that the manufacturers are eating the 15% (not in all cases admittedly) and keeping prices relatively stable.
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Not at all. American retailers have been eating the tariffs. Foreign exporters are maybe covering 15%.

Retailers have so far been eating the tariffs because TACO. If these tariff levels actually get implemented, costs will be passed on. And our consumer choice will decline.
 
rodoheel said:
It was 2.4% in March. You must have a different definition of "coming down" than I do.
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to expand on this point, Interest rates hit their low last September, exactly coincident in time with Kamala wiping the floor with Trump in the first debate. That was the high water mark of the market's perception of her odds of winning. When I say exactly, I mean to the day (if I recall correctly -- it was two days at most).

Since then, interest rates climbed and have plateaued at a higher equilibrium level than we've seen since the 1990s, I think.

Also, The interest rate spike has nothing to do with Powell. The Fed doesn't control long term interest rates. What these higher rates are saying is: a) America is broke because of "big beautiful bill" and b) inflation is expected to rise.

There are some posters on this board who love to prattle on about interest rates or inflation without realizing their interconnection.
 
superrific said:
If you want to put 9.1% on Biden, then I will put the massive job losses of 2020 on Trump. They were two sides of the same coin.
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If the 9.1% inflation (1 monthly reading) is on Biden, then -28.2% drop in GDP (Q2 2020) is on trump.

WORST ECONOMY EVER.
THE BIGGEST DROP.
NOBODY EVER FAILED LIKE THAT.
THE BIGGEST FAILURE EVER.

ETA: What kind of shit-for-brains would make such a moronic argument. ramrou... oh never mind.

ETA: ram, that came across a little harsh. You may be a good neighbor or something. I'm confident you have some redeeming qualities, but your comment indicated a level of ignorance, either your ignorance if you made it in good faith, or your assumption that the rest of us are ignorant, or you're just a troll. I regret that my response came across as harsh, but you deserved my scorn and derision.
 
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Ramrouser said:
Don't focus on the way Trump conducts himself at the Press Conference or whether he was rude. crude and crass. What about the results:

Historic trade deal with the EU.
15% tariffs on their goods with 0% tariff on our goods (i'm sure it's a lot more complicated than that but that's the base line).
Opens European markets (finally) to US.
Billions of dollars in pledged investments in US.
EU's been talking tough since April but they CAVED to Trump and got nothing in the negotiations. Are you not on team USA?
EU and Starmer even came to Trump while he held court at his Turnberry Golf Resort!

Trump's tariffs' policy (Liberation Day) has been a complete success - confounding all the financial experts.

While, earlier, all NATO countries pledged 5% defense spending (except Spain).

It simply doesn't get any better than this.
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What's historic about the trade with the EU, they were already a good trade situation and they used to be a friend?

The 15% tariff is a significant increase from previous rates and will likely result in higher costs for European goods, potentially leading to increased prices for U.S. consumers.

While the deal averted a steeper 30% tariff previously threatened by the U.S, it represents a shift in the U.S.-EU trade relationship. Critics argue the deal is imbalanced and may not address the underlying trade issues between the U.S. and Europe, according to the New York Times

Which markets were closed?
Billions, are you referring to Japan? Japan has since said that trump was full of shit.
I'm all for fair trade, what's being described here isn't fair trade. And no one has caved to trump. Half these announcements have not materialized.

How do you define success?

NATO has established a new spending target where all member nations will allocate 5% of their annual Gross Domestic Product (GDP) to defense and security-related spending by 2035. Yea, that will happen.

The 5% target is divided into two main categories: 3.5% of GDP will be dedicated to core defense requirements, such as military equipment, personnel, and operations. The remaining 1.5% will be allocated to broader defense and security-related investments, including infrastructure, cybersecurity, and civil preparedness
 
wmheel1287 said:
I would love to know where you have seen a framework deal that makes tariffs zero on us imports to the EU.

And excuse me, but I absolutely will pay attention to the behavior and conduct of rhe President of the United States. You would too if uou weren't in a cult.
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I mean, this is absolutely 0%, right: The EU has agreed to reduce its tariff on U.S.-made cars from 10% to 2.5%
 
Ramrouser said:
2.7% and coming down. Better than 9.1% (40 year high) under your guy.
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You agree that the inflation was due to the pandemic? You agree that Trump and Republicans extended the pandemic because they didn't want to follow the recommendations of the CDC? You agree that Biden inherited this mess and a shut down global economy that occurred under Trump? Do you understand the word "context"?
 
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