Doomstead

From the POV of the FSoA economy, trade with Oz is meaningless due to the low population numbers.  30M people, barely larger than a couple of cities in China or the EU.  It's swamped out by trade with China, the EU, Japan & India.  The meat & potatoes on the production end is China and consumption on the EU side.  The rich countries of Europe are the only ones that can afford FSoA products along with the elite Chinese.  The trade war will negatively impact both.

There is no plan here, only Trump's thoroughly misguided understanding of how tariffs work and the underlying reasons for the FSoA deficit spending, which transfers wealth from the population to corporations through goobermint contracts.  His hacking away at the goobermint employee rolls will barely touch the total deficit.

Far as Oz is concerned, long as the bilateral trade with China remains good, you'll still have access to their goods and they'll buy OZ coal and minerals.  Start a garden and grow your own produce.  Plant an Orange tree.

RE

Quote from: Goldernen Oxernen on Apr 06, 2025, 03:15 PMunless they pull out, good time to go long on rising dong

With  Dik Tay Tor & Sum Dum Phuk in the WH in the Year of the Rat, the economy is Chop Suey.

RE

Quote from: Goldernen Oxernen on Apr 06, 2025, 06:04 PMTheres no chance the Donald thought that far on his own though.

Goodness, who ever assumed the guy could think in the first place? He has some kind of quality, persona maybe, that occasionally looks like a non-chimp intelligence level, but the instant it is tested in some way..."gee Mr President, you said XXX, what did you mean?" subject changing slogans and psychobabble bullshit is what comes back.

Quote from: Goldernen Oxernen on Apr 06, 2025, 04:53 PMI suspect a different agenda, as they say the improvement in trade deficit is negligible anyway.


https://think.ing.com/articles/heres-whats-going-to-happen-on-april-2/

I followed your link, but I think the article is making a common mistake which is ubiquitous in our current environment.

That there is a logic behind the tariffs.  There is not any.  Here is what is going on. 

Trump just spit in the face of every country on earth.  For 25 cents a head they can wipe the spit off their face.  They also have to buy one of his crypto coins.

I think Trump is about to find out the penguins are not going to do it.

Good move for Vietnam. ♟️ Posts online correctly cracked the formula for Trump's 'tariffs', which are actually a protection racket intended to benefit the Trump family.  Kiss the kings ring and buy his crypto.  Do it, and razzle, dazzle, drazzle, drone, time for your tariff to go on home.  And someone will be around tomorrow to pick up the bag.

Tariffs Charged to the U.S.A. is a phony calculation which turns out to be a ratio of trade imbalance having nothing to do with tariffs.

Vietnam is calling the bullshit, knowing Trumps column on his big card is bullshit.  Vietnam canceling all US tariffs forces their ratio to 0%.  From that they claim the nominal 10% like England, and bribe it down from there.

Meanwhile Trumpo gets ready to visit other countries that don't want to negotiate.  Gangsta style.

• Richard Nixon (USA)
  
  • Unpopular Policies: Vietnam War escalation, Watergate cover-up
  • Falling Approval: Approval collapsed 1973–74
  • False Claims: Denied Watergate involvement until evidence forced admission
  • Similarities to Trump: Paranoia, media hostility, eventual resignation
• Herbert Hoover (USA)
  
  • Unpopular Policies: Passive response to the Great Depression
  • Falling Approval: Approval crashed after 1929 crash
  • False Claims: Claimed economy was improving when it was worsening
  • Similarities to Trump: Economic denialism, detached from public suffering
• Silvio Berlusconi (Italy)
  
  • Unpopular Policies: Cronyism, corruption, legal controversies
  • Falling Approval: Declined during later terms
  • False Claims: Exaggerated economic success, self-promotion
  • Similarities to Trump: Media control, populism, scandals
• Boris Johnson (UK)
  
  • Unpopular Policies: "Partygate," COVID mishandling, Brexit fallout
  • Falling Approval: Approval plummeted post-2021
  • False Claims: Misled Parliament about lockdown breaches
  • Similarities to Trump: Charisma, norm-breaking, strategic denial
• Viktor Orbán (Hungary)
  
  • Unpopular Policies: Authoritarian reforms, suppression of opposition
  • Falling Approval: Remains polarized but stable among core base
  • False Claims: State-controlled media projects inflated success
  • Similarities to Trump: Nationalism, attacks on press, loyalty-based governance
• Recep Tayyip Erdoğan (Turkey)
  
  • Unpopular Policies: Economic chaos, crackdowns on critics
  • Falling Approval: Public discontent over inflation and repression
  • False Claims: Repeated claims of economic recovery and growth
  • Similarities to Trump: Institutional purges, strongman image

It seems Trumps bullshit is over the top, but truth is, Trump only does what dictators do.