How can we stop listening to him if he is the president?
Look at the people behind him, like Scott Bessent. You think they don’t have a plan, seriously?
I looked at Navarro on CNBC and what he spouted was embarrassing.
I agree the trajectory of spending is unsustainable. I don’t think DOGE‘s chainsaw approach (cut first, ask questions later) is constructive. Case in point below. You want to tell me it’s a great idea?
The current approach has a high risk of creating a lot more damage than can be recovered. Decline in trust is showing in treasury markets.
I agree with your sentiment on bureaucracy US vs. EU.
making 10% for everybody feels like punishing US consumers, no? no company is going to move factories because of 10% with so many risks and lack of stability now
I think most countries have trade barriers that are way higher than 10%. If all that action serves to remove those barriers it was worth the suffering…
Is it?
If 10% stay, and manufacturing for a Mercedes from Germany increases by 20% in the next 3 years (assumption; inflation in DE), then the price for a mercedes would be up by 22% in the US.
It just multiplies any non-US price hikes by 1.1x as long as it stays in place.
I don’t get why some of you think that there is one entity up at the top there. You should have seen countless of times elsewhere. On top of my mind is Israel where the prime minister had to go hand in hand with the extreme right in order to become PM. Same applies to the us. There is a President that is leading a party that had to accept any kind of groups in there. So who’s leading is telling the racists that they do this and that because of foreigners, then the religious get their way (we will stop woke doctors whatever) , then economists (the debt!) and so on. Maybe at the top there is just a person, maybe a president of another country. Who knows. The thing is that we keep seing signals from different fronts and everything seems so weird, but there might be several plans but secretly just one goal.
Anyway I keep not understanding the economists part of the plan. Why not just “shoot” at the companies like the president did with some lawyers? Just go to Intel and co and tell them to build chips in US or get destroyed. That would have been way easier (intel just as an example).
Regarding the debt: a big part is owned by the government. They might just tell to themselves to cancel it like they did with the student loans. It’s a special kind of repayment. But I’m not an economist or expert in anything so this whole post might be just rubbish.
But it would not have created the tariff revenues needed to justify the desired tax cuts. To be fair, it would also have given Intel a competitive disadvantage vs. foreign manufacturers.
Well we are only talking about inflation which is directly related to tariffs . Rest is always going to be on top of previous price and in same percentages.
For example -: 20,000 USD Car would cost 22000 USD
Now if 20,000 USD changes to 21000 USD (+5%), then new price would be 23100 USD
23100 USD is 5% more than 22000 USD
And keep in mind, imports are not 100% of goods sold in US. Maybe less than 20%. And then tariffs are only on cost but not on markup prices. For example wines sold for 1 USD might be sold for 1.50 USD. Tariff only applies to 1 USD.
I don’t think overall impact on inflation would be very high. It might be some points but that can be acceptable because partial impact would be faced be suppliers too.
This money would be used to lower the tax rate. Everyone will be fine
To be clear. Not saying it’s a good policy but I think it’s not the end of the world. Tariffs are local decisions and many countries have tariffs of some sort. US will have highest average tariffs going forward which might boost local manufacturing or not. Who knows
Confirmation now that the treasury selloff triggered the pause…
“The bond market is very tricky, I was watching it,” Trump told reporters. “The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy.” Sitting in the Oval Office to tap out his announcement, Trump was joined by two advisers who had become dueling faces of the tariff plan: Bessent and Commerce Secretary Howard Lutnick. “We didn’t have access to lawyers or – it was just wrote up. We wrote it up from our hearts, right? It was written from the heart, and I think it was well written too, but it was written from the heart,” Trump said afterward, describing a process driven more by impulse than mapped-out strategy.
We and our retirement portfolios are in good hands
After the pump and dump, the new dump and pump scheme.
I would be interested how many of his friends bought stocks before the announcement (of course through some screen companies on the Bahamas or similar).
Even as Trump calmed the markets – for now, at least – he also raised new questions by suggesting he would consider exempting some US companies from tariffs, saying he would make any such decisions “instinctively.”
Yeah. I’m sure after attending a $1m dinner and making suitable donations, your company too could be exempt.
US finances were already in a bad state and this latest episode does nothing to help.
Weak auction could be the early sign that borrowing costs are going to rapidly increase for the US as investors get increasingly more concerned.
Forget about DOGE savings, rises in interest rates on government borrowing are going to far outweigh anything else.
“This was driven by the President’s strategy. He and I had a long talk on Sunday, and this was his strategy all along,” Bessent said on Wednesday.
as if they had any kind of coherent strategy. The amount of BS these guys are coming up with the explain nonsensical moves from tariffs on penguin island to panicking when you realised your great tariff ideas has the potential to send the US into a new Great Depression.
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as if they had any kind of coherent strategy. The amount of BS these guys are coming up with the explain nonsensical moves from tariffs on penguin island to panicking when you realised your great tariff ideas has the potential to send the US into a new Great Depression.