Donald Trump has continually insisted that deals over his tariffs are coming.
Donald Trump claimed Tuesday that the U.S. doesn’t “have to sign” any trade deals, inadvertently admitting that his administration hasn’t made any progress during the 90-day pause on his disastrous tariffs.
During a tense meeting to discuss tariffs with Canadian Prime Minister Mark Carney, the president attempted to move the goal posts on actually completing any agreements with foreign countries.
“Everyone says, ‘When, when, when, are you going to sign deals?’ We don’t have to sign deals!” Trump said.
“We don’t have to sign deals. They have to sign deals with us. They want a piece of our market, we don’t want a piece of their market. We don’t care about their market. They want a piece of our market,” Trump rambled.
“Trump rambled” is the best attribution for trump quotes.
If we don’t care about their market, why are we trying to balance trade?
Trump doesn’t. He just wants vassal states.
He’s not that smart
You don’t need to be smart to understand power.
You have to be hold on to it.
Because his economic thinking is less advanced than David Ricardo’s, and Ricardo died 200 years ago. Ricardo showed the imbecility of attempting to have a pairwise balance of trade for every trading partner, in simple terms, though probably not simple enough for Trump to understand, even if he attempted to learn.
As an economist recently observed, my balance of trade with my barber is negative: so what?
Because Trump doesn’t understand one inch of the global economy.
This is what happens when you mainline American Exceptionalism for 80 years - It rots your brain.
“Blithered” might be slightly more correct.
‘Groaned’ gets my vote.
Emperor has no clothes. Nazis don’t care.
Dday part 2 coming soon.
If there’s one emperor you absolutely want to wear clothes, it’s trump.
The emperor has no class
While that might be true, Behold! Two royal bellybuttons!
Last month, Trump claimed to have already struck 200 trade agreements with foreign countries, a remark so outlandish it sent members of his administration scrambling to make it make sense. (There are also only 195 countries in the world.)
The vile foreigner swine must have pulled out of all of them over the past month.
I would say this guy this is dumber than a bag of hammers but that would be an insult to the bag of hammers.
At least hammers have a use.
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Jesus. You really chose to swing for the fences and bludgeoned a grandmother to death instead.
New AI hammers will auto balance and ‘help’ you aim mid-swing.
And they’ll have to be internet-connected and will report on what brands of nails you’ve been buying.
In the hands of Trump, a hammer is corrupted beyond redemption.
Those are some very responsive penguins.
It’ll be 2000 by tomorrow!
Ooh, in that case we still have time to party like it’s 1999
Wake me when it’s over 9000.
I still can’t fully wrap my head around just how stupid he is. It surprises me, every time.
If you have money in your 401k pull it now.
Shits gonna pop
You can direct your investments in your 401k to international funds much more easily
Im planning on rolling it into Euros.
That is the likely currency to replace the US dollar.
Everyone talks about the yuan, but it’s the euro.
How does one even do that?
Done and done. Thanks for the tip, fellow lemming.
Took me an afternoon and two days to funds to balance but totally worth it. I’m boycotting US stocks and federal bonds.
Doesn’t matter the currency will be worthless too
Pull 401k and buy a tangible object
Buy Euros.
Gyros?
The tastier the better.
Don’t scimp on the sauce.
I’m more into al pastor, thankyouverrahmuch.
If the stock market and US dollar becomes worthless, it won’t matter where you store your retirement money because it’ll be worthless too.
This is stupid. Selling your investments at a low price for a currency that’s quickly devaluing is two boneheaded moves in one.
Move as many of your investments as possible outside of the US.
The euro is devaluing? I missed that news.
Every currency devalues, that’s what inflation is.
Donald Trump is president of the EU? I missed that news.
You can’t do that in the US for 401ks with the company you currently work for
Not bad advice
Unfortunately, the global economic system is tightly integrated. I think this will provide only a minor hedging effect.
As the rest of the world continues to move on without the US, the effect will grow.
The US consumers base is bigger than the next like six or seven countries combined, China included. If a country exports literally anything, you can bet the US is one of their larger trade partners, if not the largest. We just love buying shit here and had the money to do it. So I’m just saying, this shit is gonna hurt everybody. If you build something, odds are someone in America will buy it. The US imported $3.2T worth of goods in 2022, and if that shit dries up, all those places need to find someone else to sell that shit to.
I say this thinking this is all dumb, and if the issue was China, as it’s purported to be, and which is something I can totally get on board with, why not just go to trade war with China? China is heavily reliant on American consumerism. The US sent 150b in goods to China, but bought 536b back. With no other of America’s trade partners is the gulf so big. Mexico and Canada combined, the next largest two, were less.
I dunno, I’m just an idiot. I think things are much more complicated than folks on here and Reddit make them out to be. And that’s excluding the plethora of other obvious negatives from this administration. I think we all need to buckle up, and it doesn’t matter where you’re from.
Its big becauae people consume. How many people gonna consume when its tonexpensive to live?
How many MAGA folks will ever see this? Probably very few. And most of those few will dismiss it without a second thought.
Well, we all know how incapable Trump is regarding business and economy. Basically any halfway professional diplomat or trade official will basically run him into the next wall, head first.
China is only the first of many countries where he will learn that he is playing with adults for the first time. These are not random bootlicking apprentices he can fire at a whim.
Wherever he appears, everyone should just break out in laughter.
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If you are aiming for offensive, “Dotard” is a (far) better word and it’s not actually as derogatory as it sounds. In fact, it’s perfectly cromulent and accurate.
- an old person, especially one who has become physically weak or whose mental faculties have declined.
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Made deal with 200 nations? Yeah, imagiNations.
Holding all the cards but his casinos are gone.
oh you mean Donald Trump is full of shit like always?
Trump is full of shit. As usual.
He is a pile of shit in a trench-coat
I’m really hoping that after enough people yell at him about how much money they are losing, he will just drop the tariffs and wonder off to the next disaster.
You forgot the part where he declares victory and claims he saved us from the disaster that he himself made.
Who is going to sign the first deal with a President who’s famous for backing down? I
He also brought in 9, maybe even 10 trillion dollars to the US! No other president has even brought in 1 trillion! Did you know that?
I really wish the camera didn’t keep focusing on Trump, I wanted to see Carney’s reactions throughout.
