Trump threatens 100% tariffs on BRICS nations over US dollar replacement plans

[j_hungary]

It's not that cut and dry... remember Obama killed occupy Wallstreet and gave free reign to tea party wing of Republicans. It is that, tea party wing, in power now and dems never recovered.

I blame Obama for a lot of things, this is not one of them

What GOP is today is not the same as Ron Paul coming out with his tea party movement, yes, a lot of them have the same core believe, but the economic policy is upside down. Tea Party movement call for deregulation trade and abolish trade union, because Ron Paul sees them as hindrance of free market, essentially what Tea Party movement wanted is a private controlled trade, very similar to conservative economy policy in the UK or Australia (that's actually what Liberal Party Leader Tony Abbots campaign on when he was during the 13 election)

Trump want government to control trade, hence setting up these tariffs, and he don't believe in dereg and abolish union either, because they need their support to push the business toward the government, I will not be surprised if his end game in all these are nationalise private business, he had been talking about it since his first term. He wanted to be like China, and what China is? A very centralised government that control eery aspect of it, and mostly because he doesn't think anyone can do business better than him.

The rest about minimise government and immigration policy is similar to what Ron Paul belief but also coincide with what a centralise government is. If anything, Trump's belief is more far left than even people like AOC that champion, essentially, what Trump wanted is a socialist state.

 

[j_hungary]

America will never recover from his mess unless Americans call for him to resign or step down from office. Then I wonder even if he steps down probably another lunatic waiting in the wings in his party to replace him?

Well, America will recover from this, but will not ever be at the same states as before, this issue did not just highlight how bad governance affect policy outside, but also the weakness of the American Political system, even if we change the entire government (Him, Vance, House and Senate) the system remain in place and so the next president can exploit it. Unless we started limiting executive order (remember all these are being done with executive power, not thru legislation) The US trade environment is not going to be the same post Trump.

 

[j_hungary]

I am 100 for getting manufacturing back to the states but this is not the way to do it. In fact, Trumps behavior is literally chimp tier retardation.

Businesses lay out 5-10 year plans for their manufacturing investments. When you have a clown doing complete 180s every four hours on truth social, you cannot make $50 million dollar plans based on that.

In addition, he is applying across the board tariffs on supply chains and products that the US doesn’t produce and has no infrastructure for. It only makes sense to use tariffs as a way to boost manufacturing when its coupled with a comprehensive industrial policy that creates the infrastructure and environment to nurture the industries you need, but this clown is just throwing tariffs at everything.

Goddamn this idiot is so low IQ it is shocking.

There are many way to boost US production, you can invest in infrastructure, cut overhead cost, or subsidise business, or invest in AI and Robotic, there are tons of way to bring manufactuering back to the US, NONE OF THEM have anything to do with Tariff.

We are a free trade economy, unlike China, which tariff policy for them make sense (not really but make more sense than we do) China already have a big manufacturing base, so they can enact tariff to "protect their base" we don't have a large production base to protect, and what's more? There aren't even plans to build a large production base to protect, so what tariff is actually protecting?

You hear a lot about Trade Deficit, but that is not a conclusive thing, the famous word from Economist Robert Solow said it all "I have a chronic deficit with my barber" or any form from I have 100% deficit with my grocery store or what not. Deficit mean nothing for free trader, because you buy something from A and sell something on B. It's based on market and your own production capacity. This is not a zero sum game that Trump set out to be, you have trade deficit, then you must be a loser on that deal.

What essentially here is, Trump is treating US as a fair trader market and look at it from the position of a fair trader market, but US is NOT a fair trader market, because we produce absolutely minimal as 80% of our GDP come from service industry. This won't work for our future, unless our future is going back to 1950 when everyone working on a $13 a week job, and quit when the whistle sound. That's probably what he wanted but we don't live in the 1950 anymore.

 

[PakFactor]

He went 125% on youz. That's some blinking.

And he will go higher if youz chicoms go higher you can bet on that.

Before forming an opinion, you should educate yourself and post, as you've shown that you're an imbecile in economic matters.

Trump blinked, and the Chinese members here have been proven correct, as many pointed to the bond market early on.

https://www.cnn.com/2025/04/09/politics/trump-tariffs-retreat-bond-market/index.html

… I deal with markets and other business activities daily, and the writing was on the wall; who would bend the knee first and show that the orange mango couldn't manage the escalation ladder like he wanted.

 

[Oldenwisdom...قول بزرگ]

I blame Obama for a lot of things, this is not one of them

What GOP is today is not the same as Ron Paul coming out with his tea party movement, yes, a lot of them have the same core believe, but the economic policy is upside down. Tea Party movement call for deregulation trade and abolish trade union, because Ron Paul sees them as hindrance of free market, essentially what Tea Party movement wanted is a private controlled trade, very similar to conservative economy policy in the UK or Australia (that's actually what Liberal Party Leader Tony Abbots campaign on when he was during the 13 election)

Trump want government to control trade, hence setting up these tariffs, and he don't believe in dereg and abolish union either, because they need their support to push the business toward the government, I will not be surprised if his end game in all these are nationalise private business, he had been talking about it since his first term. He wanted to be like China, and what China is? A very centralised government that control eery aspect of it, and mostly because he doesn't think anyone can do business better than him.

The rest about minimise government and immigration policy is similar to what Ron Paul belief but also coincide with what a centralise government is. If anything, Trump's belief is more far left than even people like AOC that champion, essentially, what Trump wanted is a socialist state.

Who cares what Ron Paul did or say... Trump rode tea party to power supported by Dave Smith and libertarians in general... if there was more to unpack from what the orange clown was or is... well here it is!

As for the Occupy Wallstreet it never took off after Obama quashed it and there were no takers in Democratic Party to run on that platform.

 

[j_hungary]

Who cares what Ron Paul did or say... Trump rode tea party to power supported by Dave Smith and libertarians in general... if there was more to unpack from what the orange clown was or is... well here it is!

As for the Occupy Wallstreet it never took off after Obama quashed it and there were no takers in Democratic Party to run on that platform.

Well, you compare it to Tea Party movement...........

 

[hembo]

Regardless of the temporary pivot by the Orange King, all nations should accept that the days of WTO is over, and stronger nations will keep trying these bullying tactics when it comes to trade. The onus is for these nations to form a cohesion and try to make its markets insular from such madman spewing garbage from time to time. I really liked the speech by Singapore's premier immediately after our Cowboy's declaration of liberation day.

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[大汉奸柳传志]

Donald Trump has finally blinked - but it's not the stock markets that have forced him to act

The US president had brushed off the sour equity market reaction to his tariffs as being akin to "medicine" that had to be taken. But, as ever, it is the bond markets that have forced Mr Trump to blink.

news.sky.com

 

[大汉奸柳传志]

The real preppers will not be partaking in such foolishness.

you are officially a clown nation.

 

[MH.Yang]

Here's the thing... People are already panic buying on food items! Just went out to get a few things and shelves were empty people filling carts with staples.

Was NOT expecting that! And yes it creates an added concern on what is going on in people's minds.

The real purpose of Trump's series of moves is to restructure the $9.2 trillion in debt that comes due this year, especially the $6.5 trillion that comes due this June. If it is not possible to restructure such a huge amount of debt, take a look at the Weimar Republic, which is an example of what happens when a huge debt restructuring fails.

A few days ago the world raised tariffs, crushing the stock market and driving money into the bond market, and it was designed to restructure debt. Now the bond market is suddenly being pulled higher and Trump is suspending tariffs, driving money back into the stock market, also for debt.

In any case, someone has to take over a debt restructuring of this magnitude. Both Biden and Trump are trying to use tariffs to pressure China into accepting that debt. But it's clear that China would rather decouple than buy any more U.S. debt. If China won't, then Trump will inevitably target the EU and Japan and South Korea.

 

[F-22Raptor]

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China tariffs now at 145%

 

[KingQamaR]

Well, America will recover from this, but will not ever be at the same states as before, this issue did not just highlight how bad governance affect policy outside, but also the weakness of the American Political system, even if we change the entire government (Him, Vance, House and Senate) the system remain in place and so the next president can exploit it. Unless we started limiting executive order (remember all these are being done with executive power, not thru legislation) The US trade environment is not going to be the same post Trump.

I’m from the U.K. and I would never trust the US again if I were from another country let’s say from EU Block countries citizens and officials there be saying the same thing too. A superpower must have stable LEADERSHIP and stable MARKETS. The US lost a ton of credibility over this last week. US will be in the cold for decades now. Very hard to recover from what he’s doing. Eu& U.K. were already frustrated with US Ukraine policy.

 

[PakFactor]

I’m from the U.K. and I would never trust the US again if I were from another country let’s say from EU Block countries citizens and officials there be saying the same thing too. A superpower must have stable LEADERSHIP and stable MARKETS. The US lost a ton of credibility over this last week. US will be in the cold for decades now. Very hard to recover from what he’s doing. Eu& U.K. were already frustrated with US Ukraine policy.

Indeed, there will be a lack of trust. The question is how China can capitalize on this and open its markets.

 

[j_hungary]

I’m from the U.K. and I would never trust the US again if I were from another country let’s say from EU Block countries citizens and officials there be saying the same thing too. A superpower must have stable LEADERSHIP and stable MARKETS. The US lost a ton of credibility over this last week. US will be in the cold for decades now. Very hard to recover from what he’s doing. Eu& U.K. were already frustrated with US Ukraine policy.

Funny you mentioned Ukraine, do you know who is fuming the most of this entire episode? Putin.

Russia heavily depends on Oil and Gas sales for their revenue, and even post sanction, Russia is riding on high oil price and selling discounted oil to India, China or anyone. But then Trump did this. Oil price tumbled about 30% since April 2024. That is going to hurt even more on Russia than if Trump just tariff them 10%

Crude Oil Price Today | Brent OIL PRICE CHART | OIL PRICE PER BARREL | Markets Insider

Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.

markets.businessinsider.com

 

[KingQamaR]

Funny you mentioned Ukraine, do you know who is fuming the most of this entire episode? Putin.

Russia heavily depends on Oil and Gas sales for their revenue, and even post sanction, Russia is riding on high oil price and selling discounted oil to India, China or anyone. But then Trump did this. Oil price tumbled about 30% since April 2024. That is going to hurt even more on Russia than if Trump just tariff them 10%

Crude Oil Price Today | Brent OIL PRICE CHART | OIL PRICE PER BARREL | Markets Insider

Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.

markets.businessinsider.com

View attachment 111814

Oils dropping because we think demand will drop later because we thought demand might drop soon. Welcome to recession speed-running where vibes crash faster than fundamentals.