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Posted

"What’s now increasingly obvious, however, is that Trump is in ragged retreat; he’s compromising all over the shop, such that if the plan was to upend the established global order, one can almost definitely say that, beyond the rhetoric, it is already over.

 

Rank lack of professionalism and organisation has defined the endeavour all along, and now it’s coming apart at the seams. Sensing an administration on the run, no one is any longer hurrying to do a trade deal with the US. From Britain to Canada and beyond, getting the right deal rather than a quick one has become the new mantra."

 

and

 

"Trump has in the meantime made himself – and the US – into an international laughing stock, never mind the damage that policy uncertainty is inflicting on the global economy." 

 

https://www.telegraph.co.uk/business/2025/04/26/trumps-attempt-to-upend-the-global-order-defeated/

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Posted
11 hours ago, spidermike007 said:

Trump is a circus clown.

Do you think you might be getting a bit carried away posting the same diatribes in multiple threads? 

 

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Posted
36 minutes ago, TheAppletons said:

Trump has in the meantime made himself – and the US – into an international laughing stock,

 

There's at least one stock Trump hasn't tanked.

 

Winning!©

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Posted
12 minutes ago, Cameroni said:

Okay, so bargain basement journo nonsense. He claims because Powell wasn't fired and a short reprieve was given on tariffs Trump "rowed" back". Which is of course not true.

 

Both the pressure on Powell and the tariffs were to achieve specific goals, that look likely to be achieved.

Really? What specific goals are likely to be achieved?

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Posted
10 minutes ago, BLMFem said:

Really? What specific goals are likely to be achieved?

 

Global trade will be remodelled in the US favour. Many nations have already sent delegations to negotiate with the US and offered substantial concessions.

 

I suspect ultimately a Mar a Lago acord that will allow the Dollar to be devalued but will still retain it as the reserve currency will happen. That's what the paper by Bessent and his colleague outlines.

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Posted
5 minutes ago, Cameroni said:

 

No, the goals were to incentivize Powell to lower interest rates earlier than he would usually do, and to incentivize nations to offer the US a new deal in trade. As nations are lining up to give the US what it wants and make new deals, including the UK, it would appear Trump's strategy is working exactly as planned.

 

Not sure that's entirely going to plan. 

 

I'll admit, some direct talking and action rather than the usual diplomatic bluster has probably rattled some cages and let people be aware the US are closely watching things, I suppose we will see how it all turns out but certainly there has been some damage to the US image in taking such a scattergun and blunt approach.

 

1) Agreed, he clearly and sensibly wants lower interest rates with significant US National Debt up for renewal later this year. Of course, that could have been done in various ways, with recent events, it's possible the FOMC will not want to be seen to bowing to Trump's will, so that may backfire. This week will be important with Q1 GDP data released, let's hope that clearly supports a rate decrease or FOMC might dig their heels in.

 

2) Nations lining up - not convinced on that one at this point in time but I suppose clearly "communicating" US dissatisfaction with current trade arrangements may trigger some changes.  

 

I see Bessant is now taking a more active involvement in all these economic matters.

He is fairly well regarded in the economic establishment and likely seen as a more reasonable person.

Perhaps a case of the classic, good cop-bad cop switcheroo. 

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Posted
7 minutes ago, Cameroni said:

 

Global trade will be remodelled in the US favour. Many nations have already sent delegations to negotiate with the US and offered substantial concessions.

 

I suspect ultimately a Mar a Lago acord that will allow the Dollar to be devalued but will still retain it as the reserve currency will happen. That's what the paper by Bessent and his colleague outlines.

Link?

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Posted
6 minutes ago, realfunster said:

 

Not sure that's entirely going to plan. 

 

I'll admit, some direct talking and action rather than the usual diplomatic bluster has probably rattled some cages and let people be aware the US are closely watching things, I suppose we will see how it all turns out but certainly there has been some damage to the US image in taking such a scattergun and blunt approach.

 

1) Agreed, he clearly and sensibly wants lower interest rates with significant US National Debt up for renewal later this year. Of course, that could have been done in various ways, with recent events, it's possible the FOMC will not want to be seen to bowing to Trump's will, so that may backfire. This week will be important with Q1 GDP data released, let's hope that clearly supports a rate decrease or FOMC might dig their heels in.

 

2) Nations lining up - not convinced on that one at this point in time but I suppose clearly "communicating" US dissatisfaction with current trade arrangements may trigger some changes.  

 

I see Bessant is now taking a more active involvement in all these economic matters.

He is fairly well regarded in the economic establishment and likely seen as a more reasonable person.

Perhaps a case of the classic, good cop-bad cop switcheroo. 

 

 

Started to read this thinking it was a post from Riclag.......assumed his account had been hacked......but then realised.

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Posted

The art of the retreat! 🤣

 

He's too dumb to be tactical! From his perspective, it was stupid to put tariffs on such a high number of countries at the same time, representing more than 70% of U.S. foreign trade. He should have targeted them one after the other (at least for the largest economies). 

Posted
6 minutes ago, candide said:

Keep up to date! Trump declared he has already made 200 deals! 🤣

209 to be exact, one for each penguin.

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Posted
33 minutes ago, BLMFem said:

Really? What specific goals are likely to be achieved?

 

I think the technical, scientific term is "own."

 

There's gonna be so much owning, you'll get tired of all the owning.  Believe me we never get tired.  And you'll say "Please, please, it's too much owning. We can't take it anymore, Mr. President, it's too much." And I’ll say, ‘No, it isn’t. We have to keep owning. We have to own more.’ We’re going to own more. We’re going to own so much.”

 

Owning!

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Posted
8 minutes ago, BLMFem said:

Ah, to be able to imagine specs of gold in the huge pile of steaming feces that Trump has created with his stupid tariffs is such a wonderful gift.

 

Sometimes the gold leaf wears off.

 

America

2016 sculpture, a fully functioning toilet made of solid gold, by Maurizio Cattelan
 
image.jpeg.386782fe47f2ecf473a72f7c54dd0a3c.jpeg
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