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Its a simple negotiation tactic show the world how far you are prepared to push
Another interpretation is Trump backed down because the US bond market was about to bankrupt his government. But if that the only way you can twist your mind in order to continue to support Trump then so be it.
You cannot continually run your trade in a deficit to third countries
You seem to think Taiwan, South Korea et al are forcing US citizens to buy their goods. If that the only way you can twist your mind in order to continue to support Trump then so be.
It actually shows where real power is this week and that's not really in the democratic institutions. It isnt governments it is in the financial markets they moderated Trump
Ok so point the finger at the people who actually understand the probably consequences of Trump's actions and not Trump. If that the only way you can twist your mind in order to continue to support Trump then so be.
 
Its a simple negotiation tactic show the world how far you are prepared to push. To force them to come to the table to sign fair trade aggreements. You cannot continually run your trade in a deficit to third countries That is exporting wealth that the US is paying for by borrowing 11 trillion dollars over the last 4 years that was unsustainable. The US consumes too much it isnt good for the Trade deficit and isnt good for the environment either. Trump doesnt care about the latter though. The dollar is too strong when compared to countries like china that deliberately manipulate their currency it makes US exports too expensive and makes the US uncompetitive. I dont blame Trump for trying to rectify trade imbalances.
Taking China out of the equation here - currency control, state subsidy and low cost labour - you can not reasonably eliminate the trade deficit with many countries without, as you allude to here, suppressing consumer demand in the US, which is a rich country.

What do the likes of Sri Lanka, Vietnam, Bangladesh and many Asian and South American countries actually need from the US? Natural resources and varying levels of economic and social development mean that many trade balances are unavoidable. In those cases what is a 'fair trade agreement'? Lots of these countries had trade agreements with the US but it seems they carry no weight and Trump and his lackeys can't be trusted anyway.
 
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Taking China out of the equation here - currency control, state subsidy and low cost labour - you can not reasonably eliminate the trade deficit with many countries without, as you allude to here, suppressing consumer demand in the US, which is a rich country?

What do the likes of Sri Lanka, Vietnam, Bangladesh and many Asian and South American countries actually need from the US? Natural resources and varying levels of economic and social development mean that many trade balances are unavoidable. In those cases what is a 'fair trade agreement'? Lots of these countries had trade agreements with the US but it seems they carry no weight and Trump and his lackeys can't be trusted anyway.
US has a trade surplus with Oz as well as a free trade agreement. So what is the point of a 10% tariff other than a big generic f**k off?

 
Not necessarily dear person.

DT has dragged people to the negotiating table and we will have the likes of David Lammy batting for us.

OK, your right, we are fecked. πŸ˜‚ πŸ˜‚
Like existing trade deals weren't the product of..er negotiations. 🀣

All he had done is shown the world he doesn't know what he's doing, he can't be trusted and he will flit at the drop of a hat. The damage he is doing to the reputation of the US and therefore it's longer term economic well-being could lead to civil unrest. Then he'd have to declare a national emergency, cancel future elections, ....hold on....that can't be his plan can it. Can it?
 
Like existing trade deals weren't the product of..er negotiations. 🀣

All he had done is shown the world he doesn't know what he's doing, he can't be trusted and he will flit at the drop of a hat. The damage he is doing to the reputation of the US and therefore it's longer term economic well-being could lead to civil unrest. Then he'd have to declare a national emergency, cancel future elections, ....hold on....that can't be his plan can it. Can it?

I know I have the occasional moments of "WTF?" but I think that might be taking things a tiny step too far even for you. :)

There is more likelihood of civil unrest here as the Starmernator rinses a lot of people, drops a lot of soundbites, but doesn't actually make anything better for most of us.
 
I know I have the occasional moments of "WTF?" but I think that might be taking things a tiny step too far even for you. :)

There is more likelihood of civil unrest here as the Starmernator rinses a lot of people, drops a lot of soundbites, but doesn't actually make anything better for most of us.
Because Trump isn't already riding rough shod over the democratic process with his Executive Orders a power acquired as a result of him declaring a national emergency. Most people can see he'll do anything to retain power. Why can't you? πŸ€”

But there again you probably wouldn't call the attack on the Capitol and the murder of police defending the Capitol civil unrest. 🀷

And people say look at what he does not what he says. 🀦🀦🀦🀦
 
I know I have the occasional moments of "WTF?" but I think that might be taking things a tiny step too far even for you. :)

There is more likelihood of civil unrest here as the Starmernator rinses a lot of people, drops a lot of soundbites, but doesn't actually make anything better for most of us.
At times you really do spout a load of b*****s .
My 4pt of milk increased in price by 10p today.
But I am not contemplating civil unrest .
 
At times you really do spout a load of b*****s .
My 4pt of milk increased in price by 10p today.
But I am not contemplating civil unrest .

I wasn`t "spouting a load of b******s" I was suggesting the likelihood of civil unrest in the US was batshit crazy, ergo the odds of the same happening here was just as bonkers.

There is a lot needs to happen before civil unrest actually breaks out and it is normally localised and not very organised. πŸ€·β€β™‚οΈ

I will also bet that, of the 10p your milk went up, the farmer will get about 1p.
 
Go ridiculous....milk the attention....edge back to a position that seems slightly less insane.... bemused opponent accepts to keep the loon quiet... settle at a position more in your favour than would be achieved by conventional methods.... change tack randomly.....go ridiculous in a completely different sphere....rinse and repeat...

The Trumpian business (and presidency) plan
 
I’m starting to believe that Donald Trump, Putin and Xi have struck an agreement that they can all make their fortunes out of the markets. Scenario A Trump threatened tariffs, markets drop. Announces them then markets plunge. He announces that he won’t change his mind so markets fall further. Meanwhile Trump and his mates having sold loads of shares now buy at knockdown prices. Trump then announces 90 day suspension. Markets rise in response.
He will play us for fools while he profits with Putin and Xi at the expense of so many of us with portfolios and pensions.
The man is dangerous and is not fit to be near the White House
 
I’m starting to believe that Donald Trump, Putin and Xi have struck an agreement that they can all make their fortunes out of the markets. Scenario A Trump threatened tariffs, markets drop. Announces them then markets plunge. He announces that he won’t change his mind so markets fall further. Meanwhile Trump and his mates having sold loads of shares now buy at knockdown prices. Trump then announces 90 day suspension. Markets rise in response.
He will play us for fools while he profits with Putin and Xi at the expense of so many of us with portfolios and pensions.
The man is dangerous and is not fit to be near the White House
Bit late for that. The idiocracy is well and truly in charge.

Buckle up, he's only just getting started.

The only way he's leaving the Whitehouse early is in a pine box or a straightjacket.
 
Can’t wait. We will then have the psychopath JD Vance to replace him. Probably for another presidency.
If both don't get impeached first of course. Won't happen while GOP control both houses, but in two years time....πŸ€·β€β™‚οΈ

Just hope someone's keeping good notes on all the insider trading Trump and his associates have been engaged in over recent days. That's your money they lost and are now trousering.
 
British savers and pension holders will of course suffer. He has single handedly embarked on a possible recession so that his few cronies and dubious chums benefit at our expense
 
While stocks and shares and markets plummet, Donnie and his billionaire mates make an absolute fortune. Sounds like insider trading to me. And to think the MAGA nutjobs think he's on their side. :rolleyes: :rolleyes:

 
There’s no question that’s insider trading at the expense of the general public who’ve decided to invest their money in pension funds and investments, be they unit trusts, investment trusts or ordinary shares.
Who thinks like me that Trump has concocted a deal with Xi and Putin to cut them in on their dodgy dealings too?
Some may say it’s insider dealing. Plenty of people would say it’s fraud.
Added to all that went on in 2020 that racks up to a pretty heavy jail term
 
Like existing trade deals weren't the product of..er negotiations. 🀣

All he had done is shown the world he doesn't know what he's doing, he can't be trusted and he will flit at the drop of a hat. The damage he is doing to the reputation of the US and therefore it's longer term economic well-being could lead to civil unrest. Then he'd have to declare a national emergency, cancel future elections, ....hold on....that can't be his plan can it. Can it?
Well like the existing trade deal with Mexico and Canada that was negotiated and signed by - er Donald Trump and his government. Strange he now says it was a rubbish deal.
 
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Apart from the markets tanking, one of his "tech bros" kind of torpedoed the main argument that it would bring jobs back to US. As the Trump people were saying Apple would be bringing manufacturing jobs to the US, Tim Cook was saying that the US didn't have the numbers of skilled workers for that to be possible. He did announce $500bn investment in 20000 "new" r&d jobs - but this is the same thing he announced for the last Trump presidency, then the Biden presidency, that still hasn't been delivered (https://www.computerworld.com/article/3836615/apples-500b-us-jobs-investment-same-old-same-old.html). Apple appear to be the masters of playing US presidents.
 
If both don't get impeached first of course. Won't happen while GOP control both houses, but in two years time....πŸ€·β€β™‚οΈ

Just hope someone's keeping good notes on all the insider trading Trump and his associates have been engaged in over recent days. That's your money they lost and are now trousering.

I`m amazed how you have only just realised that the rich get richer off the backs of the rest and there is nothing you can do about it.

Noted the absence on the SKS thread............. please bring a note. :)
 
If both don't get impeached first of course. Won't happen while GOP control both houses, but in two years time....πŸ€·β€β™‚οΈ

Just hope someone's keeping good notes on all the insider trading Trump and his associates have been engaged in over recent days. That's your money they lost and are now trousering.

Things will have to get really, really bad for the Democrats to win the Senate in 2026.

The GOP are defending 22 seats, but they are mostly in deep red territory. The Democrats would have to first defend their seat in Georgia, then win Maine (which has probably the most centrist senator in the country in Susan Collins, who's very popular there) then win North Carolina and Ohio and then win......Texas? Florida? Iowa? Somewhere where a Democrat hasn't won in a long, long time, anyways.

I strongly suspect the House will flip, so no more legislation will get passed. But I wouldn't be relying on an impeachment!
 
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