Donald I, emperor of the world.

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First Aspect

Regular
It seems that pound is inexorably joined at the hip to the dollar, rather than the Euro, as it’s exchange rate is in the toilet too.

Well no. The £ was at $1.21 in late January and is now $1.29.

It was €1.18 in January and now €1.16.

What is true is that it is very volatile at the moment.
 

monkers

Squire
He's immune from prosecution. It is just noise.

He isn't immune from prosecution. He can be charged under the Security Exchange Act 1934. There is no available exemption for Trump or any sitting President within the Act. However there is a long-standing policy of not indicting sitting presidents. That is a matter of policy rather than a matter of law.
 
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Psamathe

Well-Known Member
.Whilst I can see massive tariffs on Chinese exports to the US could present China with an issue, last figures I saw was that exports from China to the US represent about 3% of China's GDP. But I'm not an economist so can't really assess what that might mean for China's economy. I believe China's GDP is currently growing at around 5% per year. So I can see there would be an impact but wonder if the US might suffer a worse impact maybe not to growth but to inflation which would then ripple through to growth.

Ian
 
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First Aspect

Regular
He isn't immune from prosecution. He can be charged under the Security Exchange Act 1934. There is no available exemption for Trump or any sitting President within the Act. However there is a long-standing policy of not indicting sitting presidents. That is a matter of policy rather than a matter of law.

The supreme court decision last year gives broad presidential immunity for any "official acts", which term seems to be fairly broadly interpreted. There is absolutely no chance whatsoever that he could be impeached for that particular act. Whether that could apply to breaching WTO rules that the US has signed up to, or the various ways he's bypassed congress, who knows. But even then, there would need to be a 2/3 democrat majority in the Senate, which I don't think is even theoretically possible at the mid terms.
 

Pblakeney

Regular
The supreme court decision last year gives broad presidential immunity for any "official acts", which term seems to be fairly broadly interpreted. There is absolutely no chance whatsoever that he could be impeached for that particular act.

This. Probably quite a few acts in play/to follow too.
 

monkers

Squire
The supreme court decision last year gives broad presidential immunity for any "official acts", which term seems to be fairly broadly interpreted. There is absolutely no chance whatsoever that he could be impeached for that particular act. Whether that could apply to breaching WTO rules that the US has signed up to, or the various ways he's bypassed congress, who knows. But even then, there would need to be a 2/3 democrat majority in the Senate, which I don't think is even theoretically possible at the mid terms.

I didn't say that he could be impeached. Impeachment is not part of the legal process for criminal acts.
 
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