28 minutes ago, Cameroni said:

 

But they do raise them, the EU lowered barriers internally, but raised tariffs against China.

 

 

They don't. The US has the biggest bond market in the world. Both private and government.

 

https://www.weforum.org/stories/2023/04/ranked-the-largest-bond-markets-in-the-world/

 

As the focus fades from ultra-cheap prodcuts, but consumers in places like the US are used to paying higher prices, and quality becomes more important, the hunger wages in Asia would lose their rationale.

They raised tariffs on specific items (cars) because they claimed China violated WTO rules. The claim will be adjudicated. So as yet to be determined whether the EU has violated the rules

Treasury Market’s ‘New World Order’ Brings Fear of the Long Bond

https://archive.ph/qMLmY

The US 10-Year Treasury Yield Has Spiked: What It All Means for Investors
Source Tradingkey
Apr 29, 2025 08:34

TradingKey - After President Trump’s “Liberation Day” trade tariffs announcement, one of the weirdest things to happen in market was that bond yields actually rose significantly.

The US 10-Year Treasury Yield briefly surged past 4.5% on April 9, 2025, marking its highest level since February—and a dramatic jump from just 3.9% on April 4, barely a week earlier and right after Liberation Day.

This isn't just market noise. It's one of the sharpest yield spikes in recent memory, and it's sending shockwaves through Wall Street.

https://www.mitrade.com/insights/news/live-news/article-6-787026-20250429

Treasury Market’s ‘New World Order’ Brings Fear of the Long Bond

https://archive.ph/qMLmY

Why do you think tariffs will bring higher quality. You're confusing higher prices with higher quality. Nations that adopt high tariff barriers usually offer goods with lower quality since they no longer have to compete. As for hunger wages losing their rationale...because wages somehow would be exempted from market forces?

5 minutes ago, Cameroni said:

 

Well, consumers in the US would not get the opportunity to pay lower prices, US made products will be more expensive, and cheaper imports will be impaired with tariffs, therefore more expensive still.

 

The US consumer, whether he likes it or not, will have to pay higher prices.

 

This could have very beneficial effects for workers in Asia.

"Well, consumers in the US would not get the opportunity to pay lower prices,"

"The US consumer, whether he likes it or not, will have to pay higher prices."

So Trump is planning a coup?

And what would the beneficial effects for workers in Asia be?

4 minutes ago, Cameroni said:

 

You see, it's not just the US. As you previously said yourself, China has reduced its share of exports from 35% to19%, in fact most developed countries are gettting more and more uneasy with having to depend on a supply chain that is controlled by China, or even other countries. After Covid, countries realise the importance of self sufficiency and manufacturing. No doubt the Covid experience has moulded Trump's thinking on the manufacturing problem.

 

So it's not just a US drive, it's a global drive towards more nationalist, self-sufficient economies.

 

 

There are no questions whatsoever about the stability of the US economy, it is still the most stable and strongest economy in the world, which is why even if the dollar weakens, trust in the Dollar will continue. No banker in their right mind will want to get Chinese, Japanese or European currency instead of US dollars.

You just wrote about other countries forming economic alliances. These alliances are designed to reduce barriers not raise them

As for China reducing it's share of exports, this is what always happens as a nation leaves developing status and becomes more advanced. It's got nothing to do with doing it on purpose.

But it is true that supply line fragility is a factor in where manufacturers are located. Which is why the Mexican economy has flourished.

In fact there are plenty of questions about US economic instability. If there weren't why would bond buyers be buying less from the US and more from countries like Japan and Germany.

7 minutes ago, Cameroni said:

 

This was probably not in Trump's mind at all, however, if you think about it, if the US gets used to paying fair prices for products, rather than ludicrously low prices, that will mean that the market for these ultra-low priced products will not be as big anymore. To compete China et al may need to focus on quality rather than price. The end result could be a reduction in the merciless epxloitation of factory workers in Asia.

How do consumers behave in other countries that had high tariff walls after they came tumbling down. Do you think that they got used to paying a fair price and wouldn't pay a lower one if they had the opportunity? This is just plain nuts.

EDIT: I should edit this to note that when an another country declares economic war on them, that would provide an incentive not to always pay the cheapest price.

1 minute ago, Cameroni said:

 

MFN is already gone. It's no more. The MFN principle, which requires each member of the World Trade Organization to apply the same tariff rates for all its WTO trading partners (unless a free trade agreement is in force) is now no longer followed by the USA. Retaliation from many US trading partners would, in effect, mean the end of the MFN principle and mark the beginning of prolonged bilateral negotiations for country-specific tariff rates and implementation schemes. This is what we are seeing now.

 

They are violating MFN rules as retaliation. Why wouldn't they follow the rules with countries that abide by them?

9 minutes ago, BusyB said:

 

It's the US version of 'they need us more than we need them' 555

 

Eventually even the biggest fools will learn that all is interdependent and when developed properly can be win-win for everyone.

 

Trump and his cult are mental paupers. But the people behind them are seriously malignant. He will be replaced by Vance whether he likes it or not. For now they can still use him.

Exactly the same thing happened with Brexit. The Brexiteers mostly claimed that the UK would come out ahead of the deal. The EU acknowledged that both it and the UK would be hurt but that it would be worse for the UK.

13 minutes ago, Cameroni said:

 

I think that the mere possibility that the US can cut off its trading partners in the abrupt and cold way that it has will have a number of effects:

 

1)  The end of the Most-favoured-Nation principle. This WTO standard is now obsolete.

 

2)  New trade alliances are already being formed, China, Japan and South Korea, or Canada and Mexico.

 

3) As consumers in the US, and many other countries, can no longer pay ridulously low prices for goods, the exploitation of women and children in manufacturing in China and other Asian counties may come to an end.

 

However, the really interesting effect will come if Trump really pursues what Bessent and Co wrote in their papers, namely to try and persuade nations to allow the US to devalue the dollar and still keep it as reserve currency, if the US really does revive its manufacturing and self-sufficiency can come to pass in the US. If that comes to pass, globalism comes to an end and more nationalist economies will no doubt result in more nationalist political systems, whicih in any event would have struggled to maintain socialist ideals like the welfare state with shrinking populations.

 

 

"2)  New trade alliances are already being formed, China, Japan and South Korea, or Canada and Mexico."

These trade alliances are about reducing trade barriers, not increasing them.

Why would globalism end just because the USA raises the drawbridge? Trump's program isn't even popular in the USA. What makes you think other countries would adopt it?

As for persuading other countries to keep the dollar as a reserve currency...there really isn't an official reserve currency. It's just that, effectively speaking, it's currently the dollar. As the dollar weakens and people lose faith in it because of U.S.unstable economic management, other countries simply will begin to use currencies from a more stable economy. The Euro is a good candidate. But if it happens it will happen gradually over time.

29 minutes ago, Photoguy21 said:

Such dramatic headlines. Obviously you have no liking for Trump and that is fine but can you tell me which country is making as much effort to correct things after the Biden mis-management of the country?

Asking questions based on controversial assumptions is an obvious rhetorical ruse.

13 minutes ago, Hanaguma said:

Yes. A negotiating tactic, nothing more. As is evidenced by how often and deeply they get cut.  But that is for another discussion.  Now that Canada has a government , it remains to be seen how negotiations go.  I wish PM Carney and his team the best.  There are a few Liberals that have some smarts- thank God they got rid of Freeland at least.

What legitimately serious gripes does Trump have against Canada?

1 hour ago, Hanaguma said:

It really touched a nerve, but as time went on the fear was abating. The Conservatives were rising in the polls, but at the same time support for the far-left NDP was cratering. Looks like the NDP share of the vote is down by something like 70% over the last election. 

 

Smart people know that Trump was just BSing. But in all honesty I wanted him to shut up. It was borderline funny the first time as a way to dig at Trudeau. But like your old uncle who tells the same jokes at every family gathering, it just got irritating. 

The tariffs are BS??

9 minutes ago, Hanaguma said:

Singh has lost his seat, and has resigned as NDP leader. Polievre is currently behind in his riding, by a substantial margin, and may also lose his seat.  Might cost him his job too...

Well, if he loses it's kind of a victory for Poilievre since he did campaign on a platform of change...

3 hours ago, jerrymahoney said:

As Ms. Leavitt said JAN 28 *:

"He is the executive of the executive branch, and therefore he has the power to fire anyone within the executive branch that he wishes to," she said.

So now, as per executive orders, he is just the executive of the executive branch acting (incredibly) executively on anything regarding executive orders that he executively wishes.

* https://www.axios.com/2025/01/28/white-house-ig-firings

Are there any courts deciding on the issue of whether or not the President's executive authority is absolute? As you may recall, Congress voted to grant Bill Clinton the right to exercise a line item veto. The Supreme Court ruled that was unconstitutional. On the grounds that the line item veto is nowhere specified in the Constitutiion and violates the separation of powers. Congress can't sign away its Constitutional rights and duties. So if that's illegal, can the President exercise de facto line item veto power by making it impossible to execute those laws via layoffs and/or funding rescissions?

On 4/24/2025 at 8:44 AM, KhunLA said:

I think that's called, keeping your campaign promises and getting things done ASAP.

So, apparently, this doesn't apply to you:

"While some may legitimately applaud the policy goals that underlie some of these actions, I hope we can all agree these policy goals should be pursued lawfully, lest we end up living in the type of system envisioned by the president, where he is the only law,” fellow professor Jodi Short said. [emphasis added]"

“The most comprehensive indication that funds are flowing to Europe: Since the beginning of April, the euro has gained 5.4 percent against the dollar, rising above $1.13, the highest level since late 2021...

The euro is now used by 20 member countries and represents about 20 percent of the world’s central banks foreign exchange reserves, a figure that has barely budged in the past two decades. Thirty percent of global exports are invoiced in euros, whereas more than half are in dollars.

https://archive.ph/eeYx5

3 minutes ago, Cameroni said:

 

Hindsight is 20/20. That's not how it works in real life. If he did the hard way it's still an achievement.

The point is, if his achievements didn't beat the markets, how good of a business person is he really? And, of course, his sleazy dealings continue up this day.

9 hours ago, SunnyinBangrak said:

No, that was your man Biden. Funny how back then you were only concerned with covering up his corruption, yet now you pretend to be concerned about corruption? Defies all logic.

9 hours ago, SunnyinBangrak said:

Here we go again. 4 years of denying the Biden corruption laptop and the reasons Americas enemies were paying 10s of MILLIONS of $$ to the Bidens, you suddenly pretend to be concerned about (imaginary) corruption. 

 

It wasnt Trump that set up 28 LLCs to launder corrupt proceeds from selling out America/treason. Was it? 

Whatever the truth of your allegations about the other Bidens, the issue is Joe Biden. Time and time again, you offer some evidence that is supposed to be incriminating of Joe Biden and every time it gets shot down. 

Even now, Trump is continuing with his sleazy business dealings

Just now, Cameroni said:

 

Getting 1 million dollars helped of course, but again he is worth  5100 million now. So there was a bit more to it than getting a hands up I suspect.

 

Sure, he got the 400 plus million during the course of his life later, but well, 5100 million. Come on!

What if he had invested that in index funds? And of course he has massively cashed in on the presidency. And is still cashing in. He's just so sleazy

1 minute ago, Cameroni said:

 

You mean he created businesses worth 5.1 billion USD..

 

People talk about his business bankrupticies, but I do not see that as an issue, many businessmen fail, but Trump got up and succeeded again with other ventures. It is even more impressive really.

Do you understand that the  reason he ever got to be big was because of all the money funneled to him by his father? How many people would have the inherited resources to fail time and time again.

6 hours ago, Cameroni said:

 

At pretty much everything, at life, in real estate, made billions of Dollars, in show business, had a top rated TV show, in politics, became president of the USA, twice.

 

How about you, what have you won in? Maybe list your accomplishments in this thread.

Well, I guess it takes genius to be born into power and wealth. His father was a very successful real estate developer. Trump destroyed that business. He bought the Plaza Hotel for way too much money. In other words he was outnegotiated, and ultimately the  company went into bankruptcy. Same for his casino and airline ventures. Always paying too much. Always being outnegotiated. The only reason he held on to any of his money that bankruptcy laws in NY make it extremely difficult for lenders to recover their money. But NY banks would never lend to him after that. What saved him was the book, which made people believe he was a great dealmaker, and the TV show, which was not his creation.

Why US and China economic own goals give Europe an unlikely chance of glory

Washington and Beijing are trading tariff blows. The EU could come out on top ― if it can rise to the challenge.

https://www.politico.eu/article/why-us-china-economic-own-goals-gives-europe-unlikely-chance-glory/

6 hours ago, Yagoda said:

https://www.realclearworld.com/articles/2025/04/25/europe_has_come_to_a_fork_in_the_road_on_trade_1106448.html

 

What will Europe do? Accept the Gun and the Knife of the CCP or stay in the realm of Freedom?

Which bully will the EU & the UK run with? The bully who is penalizing their exports through tariffs or the one that is dumping goods?

Not surprising that an extreme right wing media source like Real Clear Politics ignores what Trump is doing. The real question should be: Why is Trump treating the EU & UK like  adversaries rather than an as allies?