The Financial Times: Trump 2.0 is awful for business and the economy

[RoryN]

It's the economy, stupid - and everything they're doing is destroying it.

Donald Trump’s policies shatter Wall Street’s ‘US exceptionalism’ trade​

Stocks and dollar fall in tandem as tariffs dent outlook for American economy

Story: https://archive.is/nBRiQ#selection-1705.0-1709.77

BTW: wanna attack the source? Aww, too bad...below are examples of PB Deplorables quoting the Financial Times.

https://forum.literotica.com/thread...e-democrat-party.1607738/page-4#post-98844171
https://forum.literotica.com/threads/justices-lied-to-congress-and-america.1611565/#post-98952834
https://forum.literotica.com/thread...nvention-thread.1614152/page-10#post-99208287

 

[Lazaran]

We. Told. Them. So.

 

[eric_erosfan]

It is like nobody in the Trump administration understands economics. It is all about trade wars with them.

 

[Lazaran]

It is like nobody in the Trump administration understands economics. It is all about trade wars with them.

President Musk (and DonOld, etc) promised the common MAGAts mass deportations & tariffs, godammit. And they’re going to get mass deportations & tariffs, even if (when) it bankrupts the country / destroys the economy and alienates America’s (once) friendly trading partners and geopolitical allies.





We. Told. Them. So.

 

[Fuzzy1975]

There is a method to Trump's madness, and tariffs could actually work to achieve some on shoring of manufacturing again. The problem is the time needed for business to see tariffs are long term (10 years or more), have faith they will stay, and then find the money to investing in moving back.

None of the above works with a four year election cycle. But if Trump can break that system, and create something like Russia's fake system,where one person is in control for decades......

 

[MajorRewrite]

There is a method to Trump's madness, and tariffs could actually work to achieve some on shoring of manufacturing again. The problem is the time needed for business to see tariffs are long term (10 years or more), have faith they will stay, and then find the money to investing in moving back.

None of the above works with a four year election cycle. But if Trump can break that system, and create something like Russia's fake system,where one person is in control for decades......

Even if more manufacturing eventually happens in the US, the US economy will be smaller than it would be without tariffs. That’s always the impact of protectionism.

 

[Fuzzy1975]

Even if more manufacturing eventually happens in the US, the US economy will be smaller than it would be without tariffs. That’s always the impact of protectionism.

Of course there is, but that does not mean Trump's goal of increasing US manufacturing wouldn't work with long term tariffs.

 

[bijedi]

Of course there is, but that does not mean Trump's goal of increasing US manufacturing wouldn't work with long term tariffs.

The problem is any increase in manufacturing for domestic consumptions is going to be offset by corresponding decreases in manufacturing for export. It is an economics axiom that tariffs on imports act as taxes on exports. And tariffs will also increase costs for service companies as well, meaning less services exports as well. Untargeted and overly broad tariffs will have only one result for the US economy and isn't growth.

 

[Fuzzy1975]

The problem is any increase in manufacturing for domestic consumptions is going to be offset by corresponding decreases in manufacturing for export. It is an economics axiom that tariffs on imports act as taxes on exports. And tariffs will also increase costs for service companies as well, meaning less services exports as well. Untargeted and overly broad tariffs will have only one result for the US economy and isn't growth.

Agreed, but you're arguing from an economic position. Trump isn't thinking the whole picture. He is looking at it like it is a score card. As an example: Trump will considered it winning as long as companies re shore. So will his base. He will not take GDP or the over all economic health into the equation.

 

[DeluxAuto]

Trump to have White House look like its racing in Daytona to like a fucking NASCAR vehicle.

Trump White House will put sponsor’s name on Easter Egg Roll for $200,000

Pitch document breaking with tradition raises new concerns over administration’s links to corporate backers

 

[DeluxAuto]

Why not? Privatization full throttle, everything is for sale. Waiting for that Billy Mays (rip) voice, but wait there's more! As the carnival barkers cry out! Shameful actually.

Don't make me Slap Chop your ass!

 

[great lover]

There is a method to Trump's madness, and tariffs could actually work to achieve some on shoring of manufacturing again. The problem is the time needed for business to see tariffs are long term (10 years or more), have faith they will stay, and then find the money to investing in moving back.

None of the above works with a four year election cycle. But if Trump can break that system, and create something like Russia's fake system,where one person is in control for decades......

Manufacturing will be so expensive that the price of second hand goods will shoot up.

 

[great lover]

Of course if you believe some folks, we are going to 3D print everything.

 

[heathrowinneo]

re establishing manufacturing in the US will take years and cost billions. Which investors or funds or oligarchs are willing to invest so much over a long period with long shot odds. The US has manufacturers designed for higher yields. Much of the lower yield returns have been offshored decades ago. The problems with this current mess is the time it will take to fix it all. Just dumb.

 

[Bray123]

The Liar in Chief has managed to unite the world. Not against Russia, or China, but against himself.

Spain: https://www.abc.es/economia/tercer-dia-panico-bursatil-europa-ibex-cae-20250407094911-nt.html

The 'tariff' causes another fall in the European stock markets, with the Ibex below 12,000 points
The selective index has accumulated a fall of more than 16.72% since Trump announced his tariff war last Wednesday.

This market reaction shows that the crisis opened by Trump with his tariff war has translated into more than just a correction in the stock markets. As Javier Molina, an analyst at eToro, explains, it is "a real crisis of confidence".

France: https://www.lemonde.fr/economie/art...me-economique-et-budgetaire_6592277_3234.html

The Prime Minister estimated that the customs duties could cost France 0.5 points of growth. This figure, which may seem alarmist, prepares people's minds for new budgetary efforts. "Trump's policy may cost us more than 0.5% of gross domestic product [GDP],"

Germany: https://www.dw.com/en/recession-fears-fuel-sell-off-in-global-stocks/video-72166177

The DAX, Germany's main stock index, fell by 10 percent on Monday, reflecting fears of a global economic slump due to US tariffs. Analysts are concerned, particularly about the vulnerability of bank shares. The Nikkei index in Tokyo closed with a 7.8 percent loss, while Hong Kong's Hang Seng Index fell by 13.2 percent, its biggest loss in 28 years. Retaliatory tariffs from China on US imports will come into effect on April 10, further escalating trade war fears.

 

[Fuzzy1975]

re establishing manufacturing in the US will take years and cost billions. Which investors or funds or oligarchs are willing to invest so much over a long period with long shot odds. The US has manufacturers designed for higher yields. Much of the lower yield returns have been offshored decades ago. The problems with this current mess is the time it will take to fix it all. Just dumb.

Let's not forget,if manufacturing returns, it will be modern automated. Leaving most factory employment to be on the maintenance side verses the production side. IE very few new jobs, otherwise they will not be profitable in the US high wage economy.

 

[Lazaran]

Let's not forget,if manufacturing returns, it will be modern automated. Leaving most factory employment to be on the maintenance side verses the production side. IE very few new jobs, otherwise they will not be profitable in the US high wage economy.

There is also a lesson to be learned here for "the left" who want to instantly go to a single payer universal health care model in the US: The costs of such a drastic and sudden transition to a single payer universal healthcare model / system will be enormous on the financial sector of the health care industry, and there will be additional “hardship”, with job losses throughout the healthcare industry.

The major difference is single payer universal healthcare DOES have the potential to be a net positive in the long term, whereas tariffs to solve the debt crisis, etc, DOES NOT.

Also:

We. Told. Them. So.

 

[Fuzzy1975]

There is also a lesson to be learned here for "the left" who want to instantly go to a single payer universal health care model in the US: The costs of such a drastic and sudden transition to a single payer universal healthcare model / system will be enormous on the financial sector of the health care industry, and there will be additional “hardship”, with job losses throughout the healthcare industry.

I've wrote on this before. ( this is the cole's notes version) To go a single payer system, the first step is for the government to negotiate the payment, set the coverage standards and portability of coverage, keeping in place the current health care insurers as the managers, while the Feds also pay for the coverage. Then slowly remove the insurance companies from the equation for the "public coverage portion" and eventually pass off to the states to manage.

The major difference is single payer universal healthcare DOES have the potential to be a net positive in the long term, whereas tariffs to solve the debt crisis, etc, DOES NOT.

Healthcare is a low hanging fruit....you guys pay the most per capita of all the industrialised nations and your health care doesn't make the top ten.

 

[colddiesel]

Trump to have White House look like its racing in Daytona to like a fucking NASCAR vehicle.

Trump White House will put sponsor’s name on Easter Egg Roll for $200,000

Pitch document breaking with tradition raises new concerns over administration’s links to corporate backers

Nowhere in the article does it say who the payments will be paid to. Any guesses?

 

[Intrigued42]

we are a global embarrassment, reviled and shunned

And, we have closed our wallets for all but essentials. World travelers that will not go abroad, nor probably even fly domestically. Maybe a few road trips to some of the beautiful destinations near us. Tighten the belts, hunker down. Pray. Nothing good about this business or this economy. Probably should have known that a person that thinks filing for bankruptcy six times hasn't learned a whole lot about what constitutes good business.

Just for the record. I don't feel as though my voice is heard at all by our very red, rural congressmen and women. It would take many, many calls by the uneducated that Trump likes so much to turn the tide here.

Be well all. These are trying times!

 

[Lazaran]

I've wrote on this before. ( this is the cole's notes version) To go a single payer system, the first step is for the government to negotiate the payment, set the coverage standards and portability of coverage, keeping in place the current health care insurers as the managers, while the Feds also pay for the coverage. Then slowly remove the insurance companies from the equation for the "public coverage portion" and eventually pass off to the states to manage.

Yes: Transitioning to single payer universal healthcare in a careful and thoughtful way, and implementing it in phases WOULD be the way to go. (Though it still doesn’t address the impacts on the financial sector of the healthcare industry or the associated job losses from streamlining the system.)

Healthcare is a low hanging fruit....you guys pay the most per capita of all the industrialised nations and your health care doesn't make the top ten.

I would submit that the US has some unique challenges (the population’s health & trust in healthcare providers, etc) that do not exist in some other countries or are less pervasive.

It isn’t as much of a “no-brainer” as some people would like to believe imho.

Just sayin’…

 

[Fuzzy1975]

Yes: Transitioning to single payer universal healthcare in a careful and thoughtful way, and implementing it in phases WOULD be the way to go. (Though it still doesn’t address the impacts on the financial sector of the healthcare industry or the associated job losses from streamlining the system.)



I would submit that the US has some unique challenges (the population’s health & trust in healthcare providers, etc) that do not exist in some other countries or are less pervasive.

It isn’t as much of a “no-brainer” as some people would like to believe imho.

Just sayin’…

Maybe, but it would be the best bang for the buck. The losers would be the insurance companies profits....

 

[Lazaran]

Maybe, but it would be the best bang for the buck. The losers would be the insurance companies profits....

True.

But insurance companies losing profits also has consequences…

That ^ was part of my point.

 

[Fuzzy1975]

True.

But insurance companies losing profits also has consequences…

That ^ was part of my point.

If you want to have savings, someone somewhere loses money. There is "no free lunch".

 

[DeluxAuto]

Nowhere in the article does it say who the payments will be paid to. Any guesses?

His lover, Ivanka?