
Eric Loh
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Poll -- Who will cave first in the momentous China-USA trade war?
Eric Loh replied to Jingthing's topic in Political Soapbox
Keep burrowing down and defending the fool. You soon see that Trump's tariff war is a big ponzi scam for him and his inner circle. -
Poll -- Who will cave first in the momentous China-USA trade war?
Eric Loh replied to Jingthing's topic in Political Soapbox
China is not negotiating. They will retaliate tit for tat. Total export to US is only 14.8% of total export. China is prepared to take some pain and will pour more money to stimulate domestic consumption. It would not be a fair fight as the political system favours China. Allies of US are discussing with China for more trade bypassing US. Investments will unlikely to go back to US because of the uncertainty created by Trump. The future is bleak for US for next 4 years and even further forward. -
Poll -- Who will cave first in the momentous China-USA trade war?
Eric Loh replied to Jingthing's topic in Political Soapbox
All that plus China has a nuclear option. Robin Brooks, senior fellow Brookings. If China embarked on a mass sale of its US treasuries, the value of the debt would plunge and yields would soar. This would drive up US government borrowing costs and hammer the public finances in a highly destabilising move. -
Wall Street Rebounds Sharply as Trump Softens Tariff Stance
Eric Loh replied to Social Media's topic in World News
Not it it matter to you especially as you deep in and buying Trump's madness. -
Wall Street Rebounds Sharply as Trump Softens Tariff Stance
Eric Loh replied to Social Media's topic in World News
What method? A tweet on policy is not a method. -
Wall Street Rebounds Sharply as Trump Softens Tariff Stance
Eric Loh replied to Social Media's topic in World News
No countries can have a successful negotiation with an authoritarian who can simply change policy with a tweet and leave his trade scretaries in the dark for negotiation. Meanwhile China, EU and Canada are retaliating with tariffs on USA imports and more. Trump hate madness is justified. -
World stock markets plunge again as Trump doubles down on tariffs
Eric Loh replied to CharlieH's topic in World News
25% of total equities trading volume are retail investors which has doubled a decade ago. Their investments are ruined by a lunatic. -
Trump team is in turmoil. Musk and Trump whisperer Navarro and Miller are divided on EU zero tariffs proposal. Let them fight. They are all bad faith actors with Trump at the top of that guano heap.
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Bringing back manufacturing is just another Trump’s stupid slogan. There are multifaceted challenges that extends beyond simple economics. The service industry is a trade surplus for US. The engine of growth no longer in manufacturing but in the domestic economy which is 2/3 of GDP. Domestic economy benefit from competitive pricing from off shore production. Trump is killing the domestic economy. The boycott American goods and services around the world because of Trump is projected to be $84 B this year and will take off 0.1 to 0.3 GDP. This is a disaster of gigantic proportion for US and is driven by one man insanity and narcissism.
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This kind of threats will just hardened China's " never again " submit to past century of humilitation by big powers. China is now strong economically and militarily and not be subjected to bullying tactics. This kind of threats will galvanized local nationalism and backfire on American products in China. Trump is a crazy bull in a china shop. He will soon learn a bitter lesson.
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Trump Declares 'Liberation Day' as Sweeping Tariffs Take Effect
Eric Loh replied to Social Media's topic in World News
This tariff war is just don’t made sense. The domestic economy is 2/3rd of the GDP and the main engine of growth. The increase in tariffs elevate prices and reduce spending thus dampening the domestic economy. Lowering and not raising the tariffs will help the economy. US need high paying jobs especially in tech and tariffs should be targeted for such purposes. Broad sweeping tariffs is self inflicting disaster for the economy. -
Trump Declares 'Liberation Day' as Sweeping Tariffs Take Effect
Eric Loh replied to Social Media's topic in World News
Jobs rebounded from wildfire and weather which dampened the job market in Feb. Also jobs created in the transportation and warehousing due to front loading purchases in anticipation of the tariffs. March report is the calm before the storm. -
Trump’s tariff implementation should be targeted against EU’s trading discrepancies rather than a broad sweeping tariffs. The sectors that US see as unfair trade are automobiles and agriculture. Mind you, US enjoyed a trade surplus with the EU on service trade. Not a zero sum game but Trump seem to just bulldozed his way forward without any proper process. Perhaps because he is dumb as a rock.
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I wondering if Trump know that US has a trade surplus in the service industry. Service industry growth outpaced real GDP growth. Over 1 trillion USD in services are exported. The service sector has been declining with Trump's trade policy uncertainties and now the tariffs will be a hammerblow as recessionary and global growth fears weigh on the sector. Trump is reckless and don't grasp the totality of his tariff war which will drive down the world economy. He is surrounded by sycophants and cowards who are gutless to speak out.
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Tesla’s Sales Plummet, Marking Lowest Numbers in Three Years
Eric Loh replied to Social Media's topic in World News
What is also helpful is having DOGE be more transparent with their internal records.