Trump 2.0: MAGAA

[DSUrocks07]

This China tariff trade war is the GOP version of Russia sanctions that Dems were gungho about 3 years ago.

It didn't work then and I have severe doubts that this will work either. It seems that the Trump administration is missing the fact that there are 180+ other countries that are going to end up increasing trade with China going forward.

Predicting an upcoming egg of face moment coming when the EU-China trade deal is announced. Combined with the EU implementing a blanket tariffs on US services.

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[kalm]

Pretty much…

Bitch please. If the same restrictions were on golf, you'd have already blown a gasket and key'd 50 Teslas by now. The adults are talking.

This makes sense.

[GannonFan]

This China tariff trade war is the GOP version of Russia sanctions that Dems were gungho about 3 years ago.

It didn't work then and I have severe doubts that this will work either. It seems that the Trump administration is missing the fact that there are 180+ other countries that are going to end up increasing trade with China going forward.

Predicting an upcoming egg of face moment coming when the EU-China trade deal is announced. Combined with the EU implementing a blanket tariffs on US services.

Sent from my SM-S928U1 using Tapatalk

Indeed. Businesses were already moving things out of China to begin with. It's not a good place to do business and the lack of intellectual property security there is such a drawback that no real trade secret work would be done there. And from a low cost manufacturer, China was already being pressured by other, even lower cost countries, like Vietnam, and were losing business on that end as well. All of that, though, can be blown up by the pursuit of this unnecessary and not useful trade war. Trump's reckless and thoughtless swinging of the tariff bat doesn't really help anyone and just muddies the water. As for the EU, time will tell. The problem with the EU is that they stopped competing a while ago and simply were still a factor due to their size and their ability to create and export regulations. They can still do that, but without being able to innovate and compete that only goes so far for so long.

[kalm]

As economic historian Adam Tooze explains, the near-term problems could be seen in the bond market. We’d expect some companies to go bankrupt, and that prices of their corporate debt would skyrocket as the fear sets in. We’d also expect investors to pile out of stocks and into a perceived safe asset like Treasury bonds. But what if a hedge fund has borrowed money to make losing bets in the markets and needs to rustle up cash to pay off its creditors? That could mean they’ll sell the most liquid assets in their portfolios: U.S. Treasurys. If those sales overwhelm the flight to safety into Treasurys, there’s suddenly “no place to hide,” which could spawn panic.

The Federal Reserve could always step in to buy Treasurys and rebalance the market. That of course only works if the panic subsides, and a lot of that depends on investor confidence in Donald Trump. Tooze writes, “What if investors, both American and foreign decide, that they no longer wish to hitch their wagon to the empire of the mad king? What if they decide that the US is indeed exceptional, but that it is exceptional in rather nasty ways?” Then you could see a whole bunch of efforts to isolate the U.S. to hedge against mad-king risk, which could really collapse the dollar, and the American system.

Tooze cautions that this isn’t a likely scenario, but for what it’s worth, the dollar is currently falling, and the yield on Treasury bonds spiked overnight, amid rumors that foreign investors will sell off. So some of the steps Tooze mentioned are already starting to fall into place, and what happens from here will be an important indicator of how deep this could get.

It’s important to note that a reversal of course on tariffs would mitigate a lot of the damage, which is why Congress putting on the pressure for that reversal is important. This is a self-own, a crisis dictated by one authoritarian with a ridiculous way of seeing the world. But Trump’s policies were driving the country into a ditch since Inauguration Day, setting the stage for the fear and doubt we’re seeing right now. In other words, the risk before Liberation Day is magnifying the risk after.

https://prospect.org/economy/2025-04-09 ... ariff-war/

[kalm]

[UNI88]

I wonder if Hoover's supporters were as fervent as trump's?

[kalm]

I wonder if Hoover's supporters were as fervent as trump's?

Ha! Good question.

[GannonFan]

I wonder if Hoover's supporters were as fervent as trump's?

Different time. Sure, Smoot-Hawley didn't make things better, but they had severe underlying issues economically, especially world-wide, that were already leading to a collapse before they even instituted that tariff. The Great Depression was already happening, that tariff just continued the momentum.

Today is just crass recklessness and bravado. If the end game is quickly coming to trade resolution with most countries (China can and might be an outlier, and for reasons mentioned elsewhere, that may not be a bad thing) that at least get us back to status quo, or even slightly tilted more in our favor, then maybe it's not reckless after all (or maybe it still is reckless but we stumble into a favorable outcome). But we can't see that rosy outcome where we are right now.

[SeattleGriz]

This China tariff trade war is the GOP version of Russia sanctions that Dems were gungho about 3 years ago.

It didn't work then and I have severe doubts that this will work either. It seems that the Trump administration is missing the fact that there are 180+ other countries that are going to end up increasing trade with China going forward.

Predicting an upcoming egg of face moment coming when the EU-China trade deal is announced. Combined with the EU implementing a blanket tariffs on US services.

Sent from my SM-S928U1 using Tapatalk

Indeed. Businesses were already moving things out of China to begin with. It's not a good place to do business and the lack of intellectual property security there is such a drawback that no real trade secret work would be done there. And from a low cost manufacturer, China was already being pressured by other, even lower cost countries, like Vietnam, and were losing business on that end as well. All of that, though, can be blown up by the pursuit of this unnecessary and not useful trade war. Trump's reckless and thoughtless swinging of the tariff bat doesn't really help anyone and just muddies the water. As for the EU, time will tell. The problem with the EU is that they stopped competing a while ago and simply were still a factor due to their size and their ability to create and export regulations. They can still do that, but without being able to innovate and compete that only goes so far for so long.

Oh Jesus dude. No other President gave two shits about trying to equalize trade and you gotta bitch Trump is "doing it all wrong".

[UNI88]

[Skjellyfetti]

"People were getting a little queasy." Trump says he was watching bond market reaction to tariff measures

President Donald Trump said he was watching volatility in the bond market in recent days and appeared to indicate that it was among the factors that led to his decision to institute a 90-day pause on some tariffs.

“I was watching the bond market. The bond market is very tricky. I was watching it. But if you look at it now, it’s beautiful. The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy,” he said.

CNN reported prior to the president’s decision that US Treasury yields had risen in recent days as investors sold off bonds. The benchmark 10-year yield Wednesday morning was 4.4% – up from 3.9% before Trump unveiled his tariffs.

Trump also said he watched JP Morgan Chase CEO Jamie Dimon on Fox Business Network this morning.

The CEO “made the statement to the effect that something had to be done with the tariffs and trade. … He understood it,” Trump said. “It wasn’t sustainable what was happening. Somebody had to pull the trigger. I was willing to pull the trigger.”

During that appearance, Dimon warned that a recession was a “likely outcome” of the escalating trade war resulting from Trump’s tariff policies.

“No one’s wishing for (a recession) but hopefully if there is one it’ll be short,” he said. “I do think fixing these tariff issues and trade issues would be a good thing to do.”

https://www.cnn.com/politics/live-news/ ... index.html

[Caribbean Hen]

"People were getting a little queasy." Trump says he was watching bond market reaction to tariff measures

President Donald Trump said he was watching volatility in the bond market in recent days and appeared to indicate that it was among the factors that led to his decision to institute a 90-day pause on some tariffs.

“I was watching the bond market. The bond market is very tricky. I was watching it. But if you look at it now, it’s beautiful. The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy,” he said.

CNN reported prior to the president’s decision that US Treasury yields had risen in recent days as investors sold off bonds. The benchmark 10-year yield Wednesday morning was 4.4% – up from 3.9% before Trump unveiled his tariffs.

Trump also said he watched JP Morgan Chase CEO Jamie Dimon on Fox Business Network this morning.

The CEO “made the statement to the effect that something had to be done with the tariffs and trade. … He understood it,” Trump said. “It wasn’t sustainable what was happening. Somebody had to pull the trigger. I was willing to pull the trigger.”

During that appearance, Dimon warned that a recession was a “likely outcome” of the escalating trade war resulting from Trump’s tariff policies.

“No one’s wishing for (a recession) but hopefully if there is one it’ll be short,” he said. “I do think fixing these tariff issues and trade issues would be a good thing to do.”

https://www.cnn.com/politics/live-news/ ... index.html

Treasurydirect is your friend

[UNI88]

Republican-led House passes bill to limit nationwide orders from federal district judges

The House passed legislation Wednesday mostly along party lines that limits the authority of federal district judges to issue nationwide orders, as Republicans react to several court rulings against the Trump administration.

Do these shortsighted morons not understand that this will be used against them when there's a Democratic President?

[Caribbean Hen]

Republican-led House passes bill to limit nationwide orders from federal district judges

The House passed legislation Wednesday mostly along party lines that limits the authority of federal district judges to issue nationwide orders, as Republicans react to several court rulings against the Trump administration.

Do these shortsighted morons not understand that this will be used against them when there's a Democratic President?

Probably the most shortsighted rhetorical question ever asked

[UNI88]

Republican-led House passes bill to limit nationwide orders from federal district judges


Do these shortsighted morons not understand that this will be used against them when there's a Democratic President?

Probably the most shortsighted rhetorical question ever asked

Why do you think that?

Do you think there will never be another Democratic President?

Do you think a Democratic President won't sign EOs that Republicans disagree with with and sue to prevent? What if biden's student loan forgiveness was allowed in districts with more liberal courts?

No bluster and bullshit. I'm not a MAQA yahoo who laps that kind of crap up like a thirsty dog so give me some real logic/reasoning.

[Skjellyfetti]

Laminate it

The Supreme Court has ordered the Trump administration to "facilitate" the return to the United States of Kilmar Armando Abrego Garcia, a Maryland man who was mistakenly taken to El Salvador and remains in custody there.

In a brief, unsigned decision issued Thursday, the court sided with a District Court judge who had ordered Abrego Garcia brought back to the U.S.

https://www.npr.org/2025/04/10/nx-s1-53 ... n-decision

[kalm]

Laminate it

The Supreme Court has ordered the Trump administration to "facilitate" the return to the United States of Kilmar Armando Abrego Garcia, a Maryland man who was mistakenly taken to El Salvador and remains in custody there.

In a brief, unsigned decision issued Thursday, the court sided with a District Court judge who had ordered Abrego Garcia brought back to the U.S.

https://www.npr.org/2025/04/10/nx-s1-53 ... n-decision

I think we can all agree this was the right call.

[∞∞∞]

"People were getting a little queasy." Trump says he was watching bond market reaction to tariff measures

President Donald Trump said he was watching volatility in the bond market in recent days and appeared to indicate that it was among the factors that led to his decision to institute a 90-day pause on some tariffs.

“I was watching the bond market. The bond market is very tricky. I was watching it. But if you look at it now, it’s beautiful. The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy,” he said.

CNN reported prior to the president’s decision that US Treasury yields had risen in recent days as investors sold off bonds. The benchmark 10-year yield Wednesday morning was 4.4% – up from 3.9% before Trump unveiled his tariffs.

Trump also said he watched JP Morgan Chase CEO Jamie Dimon on Fox Business Network this morning.

The CEO “made the statement to the effect that something had to be done with the tariffs and trade. … He understood it,” Trump said. “It wasn’t sustainable what was happening. Somebody had to pull the trigger. I was willing to pull the trigger.”

During that appearance, Dimon warned that a recession was a “likely outcome” of the escalating trade war resulting from Trump’s tariff policies.

“No one’s wishing for (a recession) but hopefully if there is one it’ll be short,” he said. “I do think fixing these tariff issues and trade issues would be a good thing to do.”

https://www.cnn.com/politics/live-news/ ... index.html

Now China's calling Trump's bluff and saying rates are so high the % doesn't matter anymore, they're functionally the same. But per their words, China's going to "fight to the end." The bond market is already freaked out, so Trump's playing with fire now.

And if China is genuinely facing the possibility of economic destruction brought on by the US, do we think they'll care about our prosperity? At some point pride kicks in: they'll start dumping US treasuries. When they do, who will stick their neck out for us? We're burning every bridge. Plus the last guy to dump will end up holding worthless pieces of green paper.

Trump simply doesn't understand that for US dollar to work as the reserve currency, it needs credibility.

[kalm]

Legislating from the pews.

[kalm]

Never back down or give an inch. Never compromise. Stick to your guns. Art of the deal, baby!

[kalm]

Not a good sign. It goes along with employment concerns, lending, etc.

Washington
CNN
—
Americans are rarely this pessimistic about the economy.

Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession.


President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods these past few months. That malaise worsened leading up to Trump’s announcement last week of sweeping tariffs, according to the survey.

“This decline was, like the last month’s, pervasive and unanimous across age, income, education, geographic region and political affiliation,” Joanne Hsu, the survey’s director, said in a release.

“Sentiment has now lost more than 30% since December 2024 amid growing worries about trade war developments that have oscillated over the course of the year,” she added.

https://www.cnn.com/2025/04/11/economy/ ... index.html

[UNI88]

Lawsuit filed by Texas Attorney General Ken Paxton could end accommodations for special needs students


If Pontius paxton succeeds the ruling should only apply in the judge’s district right?


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[Baldy]

Lawsuit filed by Texas Attorney General Ken Paxton could end accommodations for special needs students


If Pontius paxton succeeds the ruling should only apply in the judge’s district right?


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Nice clickbait headline. Too bad it loses its shock value when you actually read the article. I see why you didn't quote any of the article in your post.

Seems the Biden Administration decided to change the definition of disability to include "gender dysphoria". Putting that often temporary mental anxiety on the same level as actual real permanent disabilities such as blindness and deafness.

[kalm]

Lawsuit filed by Texas Attorney General Ken Paxton could end accommodations for special needs students


If Pontius paxton succeeds the ruling should only apply in the judge’s district right?


Sent from my iPhone using Tapatalk

Nice clickbait headline. Too bad it loses its shock value when you actually read the article. I see why you didn't quote any of the article in your post.

Seems the Biden Administration decided to change the definition of disability to include "gender dysphoria". Putting that often temporary mental anxiety on the same level as actual real permanent disabilities such as blindness and deafness.

1). ‘88’s point is applying the same argument Team Trumpnis using regarding lower court rulings.

2). If you read the article for comprehension you’d know the suit seeks to eliminate programs for more than suffering gender dysphoria. It’s likely they represent a small percentage of program’s population.

3). Please define the science based difference between “real permanent” disabilities and neuro-divergence.

4). What does the permanency of a disability (physical or psychological) have to do with reasonable accommodations? At what point can Dr. Baldy determine the difference and time frame of temporary and permanent? Should a person who eventually rehabilitates out of a disability suffer through it until they become a normie in your eyes?

[kalm]

What in the Orwellian pre-crime thought police actual fuck?

Mahmoud Khalil, the Columbia University graduate and Palestinian organizer, is eligible to be deported from the United States, an immigration judge ruled on Friday during a contentious hearing at a remote court in central Louisiana.

The decision sides with the Trump administration’s claim that a short memo written by the secretary of state, Marco Rubio, which stated Khalil’s “current or expected beliefs, statements or associations” were counter to foreign policy interests, is sufficient evidence to remove a lawful permanent resident from the United States. The undated memo, the main piece of evidence submitted by the government, contained no allegations of criminal conduct.

During a tense hearing on Friday afternoon, Khalil’s attorneys made an array of unsuccessful arguments attempting to both delay a ruling on his eligibility for removal and to terminate proceedings entirely. They argued the broad allegations contained in Rubio’s memo gave them a right to directly cross-examine him.

https://www.theguardian.com/us-news/202 ... SApp_Other