Trade Wars

[Mr._Clark]

The reporting by various news websites right now is somewhat interesting. The lead on most is the stock market crash.

https://www.reuters.com/

https://www.apnews.com/

https://www.cnn.com/

The New York Times - Breaking News, US News, World News and Videos

Live news, investigations, opinion, photos and video by the journalists of The New York Times from more than 150 countries around the world. Subscribe for coverage of U.S. and international news, politics, business, technology, science, health, arts, sports and more.

www.nytimes.com

But, over on Foxnews.com, Trump is crossing the aisle and taking a victory lap with democrats:

Fox News - Breaking News Updates | Latest News Headlines | Photos & News Video

Breaking News, Latest News and Current News from FOXNews.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports.

www.foxnews.com

Granted, foxbusiness is running a story on the stock market, but it's effectively buried

Stocks tumble after Trump’s tariffs roil global markets: Live Updates

The Dow, S&P 500 and Nasdaq fell sharply after Trump slapped tariffs on a host of countries including China, Vietnam, Taiwan, while also blasting the European Union. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

www.foxbusiness.com

 

[mtrycrafts]

Afraid Putin will escalate war and/or does business within Russia?

Maybe he wants to do business with them, or his kids want to, now or in near future.

 

[Mr._Clark]

Maybe he wants to do business with them, or his kids want to, now or in near future.

I can't help but wonder if Trump is attempting to weaken Europe relative to Russia.

 

[mtrycrafts]

I can't help but wonder if Trump is attempting to weaken Europe relative to Russia.

Yes, a real possibility indeed.

 

[j_garcia]

And that is why the price of gold soared and will no doubt continue to climb. Trumphole thinks he knows what he is doing, but the companies and people he is trying to "save" with those manufacturing jobs are going to go bankrupt LONG before those jobs and factories appear.

 

[dlaloum]

Afraid Putin will escalate war and/or does business within Russia?

Trump has a long history of doing business with Russia (or rather, Russian Oligarchs) - wouldn't want to harm the goose with the golden eggs.... of course that is his personal business, but figuring out how much he cares beyond his personal business is always a frought and difficult endeavour.

 

[GO-NAD!]

I can't help but wonder if Trump is attempting to weaken Europe relative to Russia.

I doubt that this would be a primary goal, but may be considered a bonus consequence.

 

[Cos]

Sorry Trump is a Moron. Time to buy electronics is now LOL, they are going to be 34% higher soon lol

 

[Verdinut]

Sorry Trump is a Moron. Time to buy electronics is now LOL, they are going to be 34% higher soon lol

It's rather a 54% tariff because the 34% is added to the first 20% tariff for Chinese products.

 

[Dude#1279435]

Trump has a long history of doing business with Russia (or rather, Russian Oligarchs) - wouldn't want to harm the goose with the golden eggs.... of course that is his personal business, but figuring out how much he cares beyond his personal business is always a frought and difficult endeavour.

Someone made the comment that in a Trump Hotel you can find a lot of gold. Russian oligarchs like that.

 

[Dude#1279435]

I can't help but wonder if Trump is attempting to weaken Europe relative to Russia.

Maybe resentment with Zelensky/Biden from Trump's first impeachment.

 

[Dude#1279435]

What TYT believes the reasoning is....

1. Trump loves tariffs and believes we can eliminate the income tax with them.
2. There have been no consequences in the past for his tariffs.
3. This is all an excuse to cut taxes by trillions for corporations and the wealthy.

The video at the end has a handful of examples Trump stating basically America's golden era was 1789-1913.

 

[j_garcia]

He can cut taxes, but it won't stop the bleeding. It will help corporations and the rich and hurt everyone else. Exactly what the billionaire bros wanted and why they backed him.

What they are REALLY doing is, crashing it so those bros can reinvest and then they will pull it back a bit and make even more money.

China just imposed a 34% tariff on US products.

 

[Mr._Clark]

The markets continue to crash.

Live Updates: Trump Tariffs and Inflation Concerns Spark Stock Market Turmoil

Markets reeled from worries about the trade war, overshadowing some good news about the U.S. labor market. President Trump insisted that his policies were working.

www.nytimes.com

And Trump says he's not budging:

>>>Trump tells investors coming to US: "My policies will never change"
From CNN’s Kit Maher
President Donald Trump is telling investors coming to the United States that his “policies will never change,” after announcing sweeping tariffs that have sent the stock market into a tailspin.

This is a signal from Trump that he is standing firm in his 10% baseline tariffs on imports from all countries, with higher tariffs on 60 countries that have a high trade deficit with the United States.<<<

https://www.cnn.com/politics/live-news/trump-tariffs-news-04-04-25#cm92rd4ao00153b5wnynp27zs

What a nightmare. Congress sits on its hands while Trump drives the country off a cliff.

 

[Mr._Clark]

JP Morgan is now estimating there's a 60% chance of a recession.

>>>JPMorgan’s economics team has just raised their recession probability to 60% following the aggressive tariff stance announced by U.S. President Donald Trump.

In a note entitled, “there will be blood,” chief economist Bruce Kasman and his team said this year’s 22-percentage tariff increase amounts to the largest tax hike since 1968.

“The effect of this tax hike is likely to be magnified — through retaliation, a slide in U.S. business sentiment, and supply chain disruptions. The shock is likely to be only modestly dampened by the flexibility tariff hikes afford for further fiscal policy easing,” they say.<<<

https://www.marketwatch.com/story/jpmorgan-now-says-theres-a-60-chance-of-a-recession-after-tariff-hikes-a130b3e8

They are also predicting slower economic growth:

>>>Using an International Monetary Fund model of a U.S. 20% tariff hike as well as retaliation from China and Europe, the researchers say it will reduce U.S. gross domestic product by about 2 percentage points and global GDP by 1 point.<<<

Again, what a nightmare.

 

[Mr._Clark]

And, so far, China seems to be doing better than the U.S. since Trump was elected:

The Trump slump has handed China a golden opportunity

Western investors are looking beyond the US as the Maga playbook rattles stock markets

www.telegraph.co.uk

"MCGA"? ("Making China Great Again")