Topic: Are Trump's economic policies good or bad? - page 2. (Read 984 times)

Trump makes up his economic policies depending on what side of the bed he fell out of this morning or which way his hair is blowing. He does have some sort of fixation on trade and using tariffs in trying to bully trading partners, but history has shown that protectionism is very bad for the world and leads down a dark path. He is not completely wrong, as too much subsidization can be used by certain countries to establish a monopoly in a market, driving out local industry and then the prices ramp up when all competition is gone - however many Americans have benefited from low trade barriers because goods were imported much more cheaply than they can be produced at home and theoretically freeing up American's to work on more pioneering products.

The more tax cuts, the freer the country.

I'm completely against imposing tariffs, for the same reason I'm against imposing taxes to some groups of people the government decides; it all relies on the assumption that the central planner knows better than the free market.

That's pretty empty, in itself. The economy is not a "lever" that you toggle on and off. Lowering the interest rates does not necessarily stimulate growth, for the same reason that rising the interest rates does not necessarily restrain growth; the economy is a complex reality whose outcomes are not dictated in isolation.

India was smarter and more nimble than all the other BRICS members and washed its hands of the toxic members, the rogue countries, with their tantrums about dedollarization:

“DOHA, Dec. 7. /TASS/. The BRICS countries are discussing financial transactions within the association, but there is no proposal to create a single currency now. This was stated by Indian Foreign Minister Subramanyam Jaishankar, speaking at the XXII Doha Forum. “BRICS is discussing financial transactions, but the countries of the association do not have a common position on this issue,” the minister added.
“The United States is our largest trading partner and we are not at all interested in weakening the dollar,” Jaishankar stated.
Excellent reaction, an adequate BRICS member, to Trump's words !

Here everyone is going with his own view because peoples those were supporting him believe he could be man who can bring changes and those are against him surely having no faith in his policies and feeling things could be worst as he is not right person for this job, but few things are surely going to work as if he again increases tariffs then we will have same policies like he has done in his first tenure and this could be not ideal for the common peoples.

But, if he is having learned from his mistakes and will use his power with better and wise decision most chances things could be gone in right way, and we will have positive impact on the USA and many other countries as well I am not sure about his policies but as he runs his campaign and have talks and do things most chances we will be having things on positive which will surely help common peoples, and we will have good change.

But you tried to present it as some kind of global problem, right, that people's lives have become unbearable?  Who's bad? How bad !? I can write that a significant part of the population of developed countries, can not afford to invest, buy luxury goods, and ignore spending, but it does not mean that they live badly !
You deliberately didn't hi the evaluation criteria to make it look like “life has become unbearable, Americans can barely make ends meet”
Can you think of any country outside the developed world where at least 30% can afford to provide, from paycheck to paycheck, the same quality of life as the “unfortunate people of the USA” ?
Tell me more about the success of your country ? Compare the changes after the 80s in the USA and the developments in your country - it will be much more interesting and revealing ! Or is it not interesting ?  That's why people from your country will go to USA if they have a chance, even though there “people live from paycheck to paycheck”.
I'm sure 2025+ years will change the situation in the USA quite a lot, which will increase the growth of those who want to go there, but it will be much more difficult, so you don't worry about the people of the USA, take care of the problems of your country.... I know you won't do that

Agreed that it is too early to say anything because as we see, Trump's inner circle this time is completely different from the first term. So let's wait and see what he will do when he officially becomes president.

But I also think there won't be much difference because his top goal is still to make America great again and maintain the dominance of the USD. Meanwhile, some countries like BRICS are threatening the dominance of the USD and he will not tolerate this. This could trigger a more serious trade war and would certainly lead to higher inflation. If inflation increases again, it will not be good for people, especially the poor.


What I hope now is that when he officially takes office, he will be able to end the war. Because not only does it affect the whole world, but so many people have died and everything needs to stop.

Where did I say any of that?!!!

The discussion was the damage Ronald Reagan had done to the US economy and I mentioned the surveys that show 60%-70% of Americans are living paycheck to paycheck because of that damage. As opposed to pre-Reagan era where the middle class was fine and Americans  weren't up to their necks in debt.

If you want to interpret that as "people can't afford food", that's your own problem!

Will you ever stop your pathetic manipulation of information ?
The article clearly describes what is meant by the phrase “living paycheck to paycheck”:


Yes, people can't save significant amounts and invest. But it doesn't mean that they limit their consumption of food and goods, give up their cars and apartments, that they live in poverty and can't provide for themselves Stop trying so primitively to manipulate by wishful thinking

Why don't you tell me how things are in such “prosperous countries” as Russia, Iran, North Korea ? Why is it that people from the USA did not leave en masse to the above countries, but from the above countries, for decades, as well as from other countries, people go to the USA - probably to “live starving on the street”, as you want to present it ? Turn on your brain sometimes

Look at North Korean news - there every day they show the US all living on the streets in refrigerator boxes and catching rats for food !

PS And some more of Trump's positive economic policies
Trump threatened BRICS countries with 100 percent duties if they create a new currency to replace the U.S. dollar

I'd have to agree on the cheap labor front, immigration is often a surprise benefit to local economies.  Its a popular policy to deport because people imagine it will raise wages, a kind of price control measure by government to remove the cheapest labor.

The problem with any policy is the overall macro effect on society overall.  If you raise costs on a company in your community, it just might not make your community richer.   It can mean that a company is less competitive and/or business goes elsewhere.
  Deport the Mexicans (or any nation) but also that business might just relocate to be nearer that cheaper source of labor in Mexico.  Its easily arguable and sensible for the business to do this, then the business is paying taxes to a foreign government also as well as those employees.      
  Soon very easily the policy is really not of any benefit to anyone and the company is an ambivalent player doing whatever is necessary to get business done at workable cost.

People want to then argue well we ring fence not just people but tariffs prevent this cross border trade of goods.   Again the overall society in this trade is not benefiting.  Goods made in Mexico even if its by a USA company can export them elsewhere, USA is rich but only because of immigrants is the view I'd favor.  

Deport criminals and those who refuse to work and follow every law to the letter, be very tough on requirements perhaps but Ive zero against people who want to help pay off my countries giant debt, please help bail us out.    

Trump isnt the originator of alot of these ideas, they arent new and the personality politics isnt important.   Look up a fifty year old history book, study economics often its listed, tried with examples of what occurs next.  

If I had a seat at the table or a book to sell even I'd argue for simplicity here to just enforce the endless laws USA already has.   Be extremely harsh on those companies which do employ cheap migrant labor of this kind.  If quality is poor, if safety is compromised and laws not followed double or triple the fines applicable & seize entire factories if required.

  No fence should be required, anyone exploiting immigrants in a bad situation should be in fear of laws that already exist.  I'm not sure he has to change alot but the implementation and interpretation of what is already true, most people would struggle to disagree with harsh governance to raise standards, no new law or policy might be required then.

It cannot be said that he will do the same thing in his second term. It would not be right to speculate too soon about what his policy will be. After governing the country for few times, this issue will be clear. Now his opponents will make one comment and his followers will say another. Those who are neutral among them can also give their opinion, but in reality, which direction Trump will choose is completely up to him. I believe that his policy will not be the same as it was in his first term because he has a large pool of wise people with him. He will definitely not adopt any policy that is considered by people to be bad. His current term is more likely to be better than the previous one.

Yes, the first four years he was president, it helped with rich more than it helped with the poor, it wasn't a good idea because while he did put a lot of tariff to other "enemy" nations to strong arm them, it also concluded that inflation was based on this as well, you just fail to get cheap stuff from other nations when you put that much tariff on those nations, you think the product will stay the same price and sellers will eat the tariff? They just increase the price based on the tariff as well, so that's how that works.

In the end, poor people end up getting poorer not because they earn less, they earn more, but they spend even more so that becomes an issue for them long term. But I agree, his second term hasn't started, just need to wait and see.

No doubt Donald Trump is always is in the favor of rich people because he is also rich people and he likes rich people and he has relations with rich people. He always made politics for the businessmans because businessman produce jobs for their country and I am with the Donald in this aspect because he could be talktive person as all politicians do . He will give relief to heavy rich persons and poor people will be more poorer in the time of Donald.Donald should take decisions for the middle class people but we can't expect good from that . He will give relief to the people by their support he became president of USA and he will give in return. Donal is ultra rich people and that kind of people don't want poor people.

Maybe try using a search engine like Google or DuckDuckGo next time before blurting out nonsense at others only because you didn't like what they said!
There are various studies with various number of participants and data size targeting different groups:
On the global scale where they have to export their goods that are produced domestically (so with workers being paid in Yuan) if their fiat is cheaper for the global customer, their products become cheaper as well.

The way I understand it is the following and I try to simplify it:
Imagine two importers A and B who both have a $100 capital wanting to import pens!
A imports them from China. B imports them from Germany.
Both pens are worth $1 each so each importer imports 100 of them. They each add 20% profit and sell them domestically at $1.2.

Lets say 1 USD == 10 CNY and 1 Chinese pen is worth 10 CNY. Then China lowers the exchange rate to 1 USD == 20 CNY without changing their product prices.

All of a sudden importer A can import 200 pens with the same $100 capital. So A will have more goods to sell therefore more profit to make.
Right now the sale in China has just doubled because of that.

Since A is making more profit in total, he can also lower his own profit % to crush the competition. He can for example sell the Chinese pens for $1.1 each.
Now B sees that he is losing the market to the competition since the market is being flooded with more pens and at cheaper prices. Majority of people are also more willing to buy the $1.1 pen instead of the more expensive ones at $1.2.
All of a sudden B decides to import pens from China as well, only to not be pushed out of the competition.
Now China has quadrupled their sales selling 400 pens instead of 100. That also translated into more inflow of money into China and most importantly more jobs that would greatly counter the inflation caused by dumping the CNY.


Just replace pen with any other goods. Like their cars. Their smart phones and so on.
In fact the Chinese automotive industry has been crushing its competitors over the past year, taking their shares in previous years and some say they are now pushing them completely out.
https://www.bloomberg.com/graphics/2024-china-outshines-japan-cars-southeast-asia/

Donald Trump's economic successes in his first presidential term were very modest.

However, this is due to a completely objective circumstance - the covid-19 coronavirus pandemic. Donald Trump was actually very unlucky. It is impossible to achieve outstanding success in economic development in the conditions of a global catastrophe. The COVID-19 coronavirus pandemic is actually a black swan (in the terminology of the famous writer and philosopher Nassim Taleb).

In my opinion, rich Americans and large American corporations are essentially the same thing. The success of American corporations enriches their owners, top managers and employees (that is, all Americans). Trump's idea is to move production from China and other countries back to the United States.

As a result, it is the profits of American corporations that will become the source of national well-being.

You are well-informed. Since I agree with you on many parts, I'll talk about what I can't entirely agree and disagree with you. I have also read that crazy info that was claiming that if Apple was about to produce iPhones in China, it would cost $100k per unit. That's false. Look at Apple's profits, they make tons of money and the Chinese workforce isn't as cheap as it used to be. Apple can very much start iPhone production in the USA and keep the current price or a little more expensive but they don't want to say no to very high profit margins. There are lots of migrants in the USA, they can make these migrants work as hard as the Chinese, pay the lowest salary and produce iPhones.
Marketing wise, made in the USA as far as I know is associated with quality. I would pay $500 more to buy an iPhone made in the USA instead of made in China.

Btw I don't understand what's the catch with making local currency cheap? Yeah, China does that but what's the point, how does it make them competitive? Instead of lowering the purchasing value, lower salaries. I believe it's not as easy as I make it here but I don't understand the logic.

Trusting a policitian is like trusting a green snake wouldn't bite you just because you are been friendly to it for some days. The interest of the country is there primary concern and nothing else matters. If he implement some policy like Bitcoin ecosystem, that's if he really want to, there will be some forces among the political elites that will fight back for sure. I'm not even completely trusting he will do what he has promised but I want to follow what the market brings.

I don't quite believe in his economy policy of Bitcoin but you see the madness he is trying to restore, I will be happier if he do it. We need to bring the world back to reset. Some of the LGBTQ we see in other countries are mostly from US, the spiritual madness is taking over the world, it will bring a sanity back to those that has lose it atleast even if he doesn't do most of the things we want in crypto space.

And if you look at trump he has good intentions for this is administration now because if you look his gestures and I see the way people are given love to trump shows that they actually believe in him, and people so much have faith in him and it is actually good thing, because I did not want Harris to win from the beginning and trump is way better than all of them and from most of the statements his making everyone should know that he wants the best for Americas.

And people were thinking that when trump win he will send everyone home but I love the statement he made about illegal migration, they need to check everyone that is coming inside their country this shows that he has is citizens in mind, one of the biggest relief they will have will be that if tax because they are paying heavily for tax and how much are some people earning when the tax is this crazy. And if the tax should mistakenly increase then everyone should know that there will be inflation.

And if you look at it trump is a business man and he knows the kind of police's that will favour everyone's business and people have selected him so it is time to return the favour to them, by reducing heavy tax on people so their is just to much for him to do as the re elected president.

Judging by the hysteria that some countries are starting to whip up, the election program will be really pro-American in the economic part, and other countries that are making good money on the American market and with the help of American money, technology and other things will have to look for ways to survive, and in reality - prepare for the degradation of their economies. Even the “second economy of the world”, China, has already realized that it is necessary to prepare for Trump's arrival and start playing along with him, or even “playing along” to reduce risks - Chinese banks, for example, have already actively started to comply with the “wishes” of the U.S. regarding financial sanctions against some rogue countries. The other day, China's largest banks essentially stopped UnionPay's work in one such country, and happily reported about it.
Trump will pursue a hardline pro-US policy, given the mistakes of past US presidents. First of all, it will affect the development of production, migration of production from countries to stop supporting their economies and redirect profits to the American economy, this is supported by both large companies and the U.S. population, as there are also plans to reduce the tax burden. We will see how this will be implemented soon.


Thanks, you have amazing jokes as always, and self based on the most amazing sources of information ! Add for extra credibility that all 60-70% of the US population wants to go to beautiful countries like North Korea, Russia, Iran, Cuba, ....  !

The damage Ronald did to the US economy is never going to be fixed without a revolution and a regime change in the USA. According to various surveys between 60% to 70% of Americans live hand to mouth, paycheck to paycheck. And they say US has the highest GDP

That's not how it works though, that's the promise but it never worked out, ever since Reagan came up with trickle down economics, that has never worked for even once, rich gets richer but poor stays poor and even gets poorer.

With his new tax reforms, we are going to see rich get richer there is no doubt about that and last time he was president he undid everything Obama did, which caused a high inflation and also it had such a huge problem with unemployment for a long time as well, which recovered later on so I have to give him credit, but his early years wasn't even that great, and his last year was terrible, Biden literally spent four years trying to fix what Trump broke, which Biden obviously failed, he made it even worse, not like he was any better than Trump.

They say democrats are "leftist" but while there are some leftists in democrat party, Biden was a proper capitalist too, he was just siding with rich companies, not rich people, whereas Trump sides with rich people, not rich companies, there is a huge difference if you know what that means.