Mega-Thread: Trump Focused Discussion

[DarkTZeratul]

Interesting how Russia and North Korea didn't get any tariffs.

If some orange cheeto in the white house would be a Russian asset, you'd think they would've at least tried to not make it obvious.

Ukraine-related sanctions have already effectively reduced trade with Russia to near zero, and it's illegal to import anything from North Korea anyway.

[hellhamster]

Japan says the US is in breach of world trade regulations.

China calls for immediate dismissal of the tariffs as they will spark "world growth stagnation".

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This will be a massive case for international trade law. I'm certain most countries will fight tooth and nail through courtrooms to try and abolish the tariffs. This will cost a lot of money, which the taxpayer will obviously provide.

[Gorsameth]

Japan says the US is in breach of world trade regulations.

China calls for immediate dismissal of the tariffs as they will spark "world growth stagnation".

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This will be a massive case for international trade law. I'm certain most countries will fight tooth and nail through courtrooms to try and abolish the tariffs. This will cost a lot of money, which the taxpayer will obviously provide.

international law does not exist, its 2 countries pretending it does. There is no international army that comes to impose international law or collect international fines if you decide to break it.

And Trump is exactly the sort of person who does not give a fuck about ignoring it because there are no consequences for doing so.

[hellhamster]

DXY is dropping like a fucking brick together with equities, while bonds soar.

Who could have predicted this? I predicted this.

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international law does not exist, its 2 countries pretending it does. There is no international army that comes to impose international law or collect international fines if you decide to break it.

And Trump is exactly the sort of person who does not give a fuck about ignoring it because there are no consequences for doing so.

Probably won't stop them from running a case.

[P for Pancetta]

Damn now even Wakanda gets 35% tariffs

[hellhamster]

You guys probably already covered this but I just read the tariffs have hit Heard islands, which are only inhabited by penguins.

Poor little Pengu, now he's gonna die on the streets...

[Mayhem]

DXY is dropping like a fucking brick together with equities, while bonds soar.

Who could have predicted this? I predicted this.

Please, link your sources because I only see both dropping, and none of them like a brick.

[hellhamster]

Please, link your sources because I only see both dropping, and none of them like a brick.

Equities are dropping, DXY is dropping, yields are dropping which means bonds are flying.

https://www.cnbc.com/quotes/US10Y

[En Sabah Nur]

I just want one day where I wake up, check the news, and don't immediately sigh at the government... is that too much to ask? Just a single day?

[hellhamster]

I just want one day where I wake up, check the news, and don't immediately sigh at the government... is that too much to ask? Just a single day?

No refunds.

[En Sabah Nur]

No refunds.

Hey, I didn't buy into this shit! I explicitly went the other direction lol

Fair play to Trump, though. Took him 40 years, but he finally got his tariffs.

[PhaelixWW]

I just want one day where I wake up, check the news, and don't immediately sigh at the government... is that too much to ask? Just a single day?

1389 days and counting until then.

[Breccia]

Our Ruling

JD Vance said that Abrego-Garcia "was a convicted MS-13 gang member."

Abrego-Garcia’s attorney said his client has never been convicted of any crime. We also found no evidence that he has any convictions.

Vance appears to be referring to two denials of bond requests in which immigration courts used allegations that Abrego-Garcia was in a gang as a reason for their denial. Abrego-Garcia’s team denies that he’s a gang member and — he has never been put on trial for or convicted of criminal charges.

We rate the statement False.

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President Musk specifically, directly, and personally causes more layoffs in a single month than any month of Biden's term.

A surge in federal government job cuts contributed to a near record-setting pace for announced layoffs in March, exceeded only by when the country shut down in 2020 for the Covid pandemic, according to a report Thursday from job placement firm Challenger, Gray & Christmas.

Furloughs in the federal government totaled 216,215 for the month, part of a total 275,240 reductions overall in the labor force. Some 280,253 layoffs across 27 agencies in the past two months have been linked to the Elon Musk-led Department of Government Efficiency and its efforts to pare down the federal workforce.

The monthly total was surpassed only by April and May of 2020 in the early days of the pandemic when employers announced combined reductions of more than 1 million, according to Challenger records going back to 1989. It also was the highest March on record.

“Job cut announcements were dominated last month by Department of Government Efficiency [DOGE] plans to eliminate positions in the federal government,” said Andrew Challenger, senior vice president and workplace expert at the firm. “It would have otherwise been a fairly quiet month for layoffs.”

[En Sabah Nur]

1389 days and counting until then.

I pray it actually happens that way. Given how the last vote went, I won't put it past the country to end up with someone just like Trump again.

[Draco-Onis]

So are the markets really going to tank completely? Or is there going to be a degree of pricing in that the wider GOP won't allow this stupidity to go ahead?

Because if the markets genuinely believe this is going to happen, surely today will see them shooting to whatever the opposite of the moon is.

The next step is even worse, we are going to see a giant flow of money into Trump crypto currency, campaign and seats being sold at his shit resort. Those who buy in will coincidentally get exemptions from tariffs, this is straight out of mob / Putin playbook to get the oligarchs to pledge fealty. Of course if you are a small business you're fucked but he gives zero shit about the average American.

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Equities are dropping, DXY is dropping, yields are dropping which means bonds are flying.

https://www.cnbc.com/quotes/US10Y

Imagine being head of the Fed right now there aren't enough blood pressure medication in the world to save you from the sheer insanity of this.

[hellhamster]

Imagine being head of the Fed right now there aren't enough blood pressure medication in the world to save you from the sheer insanity of this.

Lemme check today's derivatives... Hmmm.

Edit: woops, selected wrong year, here's the correct one...




They are pricing in a probable fourth rate cut by an estimate of 29.2%, that used to be 15% a week ago.

[Draco-Onis]

32% tariffs on Taiwan we are fucking done the tech industry is going to absolutely flee the US to literally anywhere else. Nobody but TSMC can do 3nm chips.

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Except the CR that was passed contained this one little provision preventing doing shit about Trump's ability to implement tariffs for a year. If it was a clean CR it wouldn't have been imperative to stop it it wasn't a clean CR.

Can congress reverse a law that they just passed? Trump would take them to court and rightfully win, they tied their hands for a year.

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You guys probably already covered this but I just read the tariffs have hit Heard islands, which are only inhabited by penguins.

Poor little Pengu, now he's gonna die on the streets...

Those elitist penguins had it coming wearing those fancy suits snooting at us with their fancy beaks.

[PhaelixWW]

Those elitist penguins had it coming wearing those fancy suits snooting at us with their fancy beaks.

Criminal foreigners!

[Kaleredar]

I just want one day where I wake up, check the news, and don't immediately sigh at the government... is that too much to ask? Just a single day?

Wrong person was elected president for that to be the case.

Remember, this was all avoidable if people had just voted for Harris. Literally none of this would be happening. At all.

[En Sabah Nur]

Wrong person was elected president for that to be the case.

Remember, this was all avoidable if people had just voted for Harris. Literally none of this would be happening. At all.

Yeah, but she wasn't absolutely perfect, so nothing could be done