Donald I, emperor of the world.

[All uphill]

Just put my monthly payment into my SIPP and looked at the graph for my fund. It had been growing strongly last year, plunged in January when Donnie came into power and started spouting bollox then picked back up a bit when it looked like it might be mainly just talk before falling off a cliff last week wiping out pretty much all of last years gains. It's depressing, Trump is making a lot of people poorer.

In ten years this will just be a blip on the stockmarket charts, like the crash of 2008 was and the pandemic was.

 

[Stevo 666]

In ten years this will just be a blip on the stockmarket charts, like the crash of 2008 was and the pandemic was.

Pension-wise I think its only an issue for those who are close to retirement, as I hinted above.

 

[CXRAndy]

Trump is making a lot of people poorer.

Only when the investment is cashed in.

Over all you've had great growth over the last 5 years.




This will be a realignment and then growth will start again once it all settles down, either with long term tariffs or free trade deals

 

[Pblakeney]

In ten years this will just be a blip on the stockmarket charts, like the crash of 2008 was and the pandemic was.

All depends on when you are putting in and taking out.
2008 was great for me putting in, 2025 is poor to say the least now I’m taking out.
Yes, it will probably bounce back but when and from where? There is no guarantee we are anywhere near the bottom.

 

[First Aspect]

I think that's true, but the world is wondering what that will look like with the US less involved and much, much less trustworthy. If the doomsayers are correct and it preludes the rise of authoritarians in China, Russia, even India, and large parts of the rest of the developed world suffers badly as a consequence, it will take a considerable amount of time to repair that trust, if it is possible at all.

Like I said, the US can't do this twice.

 

[Ian H]

On what grounds could a court act to change an elected government's economic policies?Biden also increased tariffs - 100% on electric cars from China for example - and tariff setting, reckless or not, has never been considered beyond the scope of a government's mandate as far as I recall.

Dunno. I mean what could the Economist possibly know about it. But the 'elected government' includes Congress and the Senate, neither of which have been consulted.

 

[First Aspect]

Dunno. I mean what could the Economist possibly know about it. But the 'elected government' includes Congress and the Senate, neither of which have been consulted.

The electric car tariff would probably also fall under the definition if "emergency", given the (alleged) state subsidies in China.

So, aside from Biden acting lawfully and Trump breaking both domestic law and WTO rules.... ?

Anyhow, the GOP will continue to sit on their collective hands for some time. I still predict this will take an electoral blood bath. 12m from now should be about right - all the numpties buying the short term pain for long term gain argument will be well into the short term pain part of that, and some may realise what "short term" really means is "quite a long time".

 

[Stevo 666]

All depends on when you are putting in and taking out.
2008 was great for me putting in, 2025 is poor to say the least now I’m taking out.
Yes, it will probably bounce back but when and from where? There is no guarantee we are anywhere near the bottom.

If anyone does know the answer to questions like that they'll probably be typing the answer from their own private caribbean island.

As for timing, c'est la vie.

 

[Stevo 666]

Anyhow, IMO the biggest problem that Trump is likely to come up against here is that history has shown us that governments and even countries cannot buck the markets.

The UK has had its fair share. The UK exit from the ERM in 1992, the Kwarteng/Truss budget of 2022 and Gordon Brown's slightly inaccurate claim that he had 'eliminated boom and bust'.

 

[AuroraSaab]

Dunno. I mean what could the Economist possibly know about it. But the 'elected government' includes Congress and the Senate, neither of which have been consulted.

I assumed you had informed yourself well enough to explain an article that you were clearly approving of. This suggests he probably can impose his chosen tariffs without Congress.

https://www.millercanfield.com/reso...e-Tariffs-Without-Congressional-Approval.html

By the time it's dragged through the court some agreement/exclusions/backing down will likely have occurred.

 

[All uphill]

I assumed you had informed yourself well enough to explain an article that you were clearly approving of. This suggests he probably can impose his chosen tariffs without Congress.

https://www.millercanfield.com/reso...e-Tariffs-Without-Congressional-Approval.html

By the time it's dragged through the court some agreement/exclusions/backing down will likely have occurred.

As others have said backing down isn't something DJT is known for, and some wounds heal slowly if at all.

As CNN postulated I can see globalisation continuing without the US.

 

[C R]

 

[Ian H]

I assumed you had informed yourself well enough to explain an article that you were clearly approving of. This suggests he probably can impose his chosen tariffs without Congress.

https://www.millercanfield.com/reso...e-Tariffs-Without-Congressional-Approval.html

By the time it's dragged through the court some agreement/exclusions/backing down will likely have occurred.

You don't do irony, do you.

 

[secretsqirrel]

I don't know why people are struggling so much with this. The UK is being a bit Swiss for once.

Did you see what tariffs Trump has on Switzerland?

 

[CXRAndy]

Eu already wanting to have zero tariff deal. Von Der lying offering zero tariffs on industrial goods.

She's shitting her pants over German car makers and all the associated industries

I think USA will want a fair bit more.