Trump 2.0 official thread

[lcloo]

One very obvious sign of this Trade War is USA government is severly running out of money. Elon Musk's DOE was set up to cut down government expenses, his action on shutting down government agencies and firing workers was drastic beyond normal probably due to urgency to cover near future payments.

While Trump's tariff was to collect revenue on the imports, he doesn't care who is going to pay for the tariff as long as the money goes to the government. It is in reality a new taxation on the consumers who buy cheap affordable imported goods. The tariff are to be imposed at the US ports by US Customs, pay by importers and pass on to end users.

Depends on which survey, 67% to 78% of Americans lived pay check by pay check every month, many need 2 jobs to come by. Many of them pay little or no income tax due to low take home pays. The imported affordable goods make these Americans' lives easier, partly due to the very low inflations in China.

Now that they will be paying an invinsible tax in the form of inflated prices caused by tariff. Compare this to low income Chinese who are practically isolated from the tariff war since they do not buy foreign goods, Chinese people would not feel the pain except the business people who export their products mostly to USA. These business people will have to find new markets or looking into domestic market.

 

[Wrought]

One very obvious sign of this Trade War is USA government is severly running out of money. Elon Musk's DOE was set up to cut down government expenses, his action on shutting down government agencies and firing workers was drastic beyond normal probably due to urgency to cover near future payments.

While Trump's tariff was to collect revenue on the imports, he doesn't care who is going to pay for the tariff as long as the money goes to the government. It is in reality a new taxation on the consumers who buy cheap affordable imported goods. The tariff are to be imposed at the US ports by US Customs, pay by importers and pass on to end users.

Depends on which survey, 67% to 78% of Americans lived pay check by pay check every month, many need 2 jobs to come by. Many of them pay little or no income tax due to low take home pays. The imported affordable goods make these Americans' lives easier, partly due to the very low inflations in China.

Now that they will be paying an invinsible tax in the form of inflated prices caused by tariff. Compare this to low income Chinese who are practically isolated from the tariff war since they do not buy foreign goods, Chinese people would not feel the pain except the business people who export their products mostly to USA.

If they were concerned about government finances, they wouldn't be doing tax cuts (which will lose orders of magnitude more revenue than tariffs will bring in). There is no principled stand; they're just following whatever whims of Trump.

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[wuguanhui]

The US trade representative office's implementation of the $1.5 million per port call fee is expected to be done on April 17th, some commentary about this from the CEO of an American logistics company:

https://twitter.com/i/web/status/1909362292367802840

Paired with the tariffs, this could result in significant economic damage to the US

What if China imposes a gradually escalating 1 to 10% "handling fee" on all cross border USD transactions? Bilateral currency swaps can still pay for goods without extra fees. How would this impact China?

 

[horse]

View attachment 149532
Trump may double down on tariffs

Reading that message was deeply troubling.

Trump sounded exactly like Biden.

We know what happened to Sleepy Joe.

They cut his balls off.

No balls for you! No re-election! No soup for you!

 

[Overbom]

Reading that message was deeply troubling.

Trump sounded exactly like Biden.

We know what happened to Sleepy Joe.

They cut his balls off.

No balls for you! No re-election! No soup for you!

Everyone would love to have sleepy Joe back now

Stock market and paper economy was going well under his regime

 

[Africablack]

Oh, spicy moves.

https://twitter.com/i/web/status/1909471767669653994

https://twitter.com/i/web/status/1909467177360802135

I suppose Tom Cruise's gonna fight some J-20s in his fictional twin-seater F-35C next time?

These guys mean business.

 

[Wrought]

NGL the best part about it for me is watching everyone with at least a shred of sanity concede—with varying degrees of surly and begrudging resentment—that calm competence is preferable to complete chaos. No matter how much they hate one flag and love the other.

https://twitter.com/i/web/status/1909415122960822640

Praise from your friends is nice and all, but praise from your enemies is true vindication.

 

[horse]

And so on in an endless round of retaliation until mutual tarrifs are at 1000% and all US-China trade ceases.

If China is not fully, completely, 100% ready for this hard decoupling then it really only has itself to blame. There's been PLENTY of warning since 2018.

China Has Already Trade-War-Proofed Its Economy​

Companies and consumers will feel the pain from tariffs much less than Americans.

April 6, 2025

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[fatzergling]

Depends on which survey, 67% to 78% of Americans lived pay check by pay check every month, many need 2 jobs to come by. Many of them pay little or no income tax due to low take home pays. The imported affordable goods make these Americans' lives easier, partly due to the very low inflations in China.

How can such a rich nation's people be so poor, so helpless, and so weak? This will be a major topic in future US history courses.

 

[JJD1803]

Trump threatens China with an ADDITIONAL 50% tariff if they don’t remove their new 34% tariff on U.S. goods

https://twitter.com/i/web/status/1909264195926839604

Very unlikely China will remove the 34% tariff, very unlikely Trump is joking -> by April 9th we will have 100% tariff on Chinese goods.

Practically he is decoupling from China in one go.

This will have very heavy impact for both countries.

IMHO after the experience of slow decoupling in semiconductors, where the export bans have been gradual and spaced in time along 5 years, with the net result that China has been able to reach self-sufficiency with an incredible hard work but also with many years of time, now he does not want to do the same mistake and is going for the full punch immediately....

A 104% total tariff on goods from China is going to be such a shock on the economic system in the US. Walmart will be severely impacted. This will lead to collapsing revenue which will lead to mass layoffs in Walmart,Costco and Target. Small Business that depend on inputs from China are going to get crushed. Leading to more layoffs. Inflation is spike to high levels. Also Chinese counter measures will continue to be surgical. China might just crush the US agriculture sector which is already on the brink of collapse. Trumps tariffs policy is all over the place. One hand it’s for revenue the other it’s a negotiating tactic, the other is to bring bond yields down.

On the topic of bond yields US treasury 10 year bonds are going up as the market is crashing. That is not good at all. The bond vigilantes are sending a message to Trump. To stop. I don’t think he will stop. I can’t even imagine another month of this let alone 3-6 months. America is going to look very different by December than today.