@kmax87 saidIn terms of international politics nobody trusts Trump and most political leaders are just waiting for him to slow down and play more golf so they can negotiate with people that matter in the long run. So Trump won nothing and everyone else gets 90 days (or at least until Trump decides to go back on his word (again).
Can anyone explain what Trump actually achieved in his 90 day reset with China?
And in what ways is America better for it?
In terms of US macroeconomics nothing changed. Before the tariff "war" the markets expected an effective tariff level of 10%-15%. We'll now have ~15%. Trump lost to the markets as soon at the shelves started getting empty. As expected.
But, of course, some of Trump's closest associates earned billions of dollars. Some earned a little less. And a lot of US citizens lost a lot of money and some even their livelihoods.
America is worse off but MAGA will argue this was a win while they forget they argued that huge tariffs would "bring jobs back". The cognitive dissonance is ... legendary.
@kmax87 saidIt’s in the news. Maybe better that you learn that, and then comment on what has been happening up to now. Why ask someone here to provide you with all the information that is on the Internet .
Can anyone explain what Trump actually achieved in his 90 day reset with China?
And in what ways is America better for it?
Take Lundos above….”Trump accomplished nothing!!!” He goes straight to the issue.
This evidences the penchant of liberals to come at you from the strangest sides instead of going straight to the core of the discussion. Maybe a way to avoid the Facts,, which are right before their eyes?
@Cliff-Mashburn saidNo that's a 3500 point loss from what it was when Trump took office.
DJIA just hit 42,400 after the tariff anouncement, after hitting a low of 38,000. That sounds like a positive result.
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@AThousandYoung saidDow was at 43,400 when Trump took office on Jan 20.
No that's a 3500 point loss from what it was when Trump took office.
@Cliff-Mashburn saidIt was over 45000 on Jan 1. The market started to fall once it was clear Trump was the winner and he started making tariff threats.
Dow was at 43,400 when Trump took office on Jan 20.
@AverageJoe1 saidI'm saving this response for you.
It’s in the news. Maybe better that you learn that, and then comment on what has been happening up to now. Why ask someone here to provide you with all the information that is on the Internet .
@Yanetchess saidThe point is if Trump had not played silly buggers with the global economy we would already have reached and surpassed 43,400. All thanks to settings Biden had in place.
I wonder what excuses people will come up with when the Dow hits a new record.
The post that was quoted here has been removedIt's supposed to hit a record. It was at a record on Jan 1 or very close to it.
Jan 1 2020 - DOW less than 29,000.
Jan 20 2020 - DOW over 29,000 (market responding to Biden victory)
Jan 1 2024 - DOW over 45,000
If Trump wants to beat Biden on this metric he needs to get the DOW to over 60,000 by 2028.