DawgTalkers.net Forums DawgTalk Palus Politicus Liberation Day

My point was simply that as we've seen over time trump rewards what he sees as loyalty. This is just another example of that. And no, Biden didn't have a billionaire row front and center at his inauguration. Mentioning the donation was tying it into him actually sitting front and center at the inauguration and how trump rewards those who he deems as loyal. It's the combination of factors that matter. This is a direct reward for loyalty and while it may not be the most important element in all of this it's certainly yet one more aspect of it worth mentioning.

I also think it plays into hurting as few people as possible directly because as we have also seen, if something doesn't hurt someone as much on a personal level many of them don't seem to care about it. Most everyone purchases smartphones and computers. The price increases on those products would be "yuge". So it's more about pandering to the masses than anything else.

It's obvious he's just making things as he goes along in regards to the tariffs and the direction things take changes like the direction of the wind. I agree with you that this is something to be less worried about, yet at the same time it is one more element in the formula.

This is the bit I agree with. The rest is a by product. Yes he rewards loyalty - possibly above all else. But I don't believe a $1m donation is 'loyalty' in his eyes and I don't believe it had anyhing to do with this decision. jmo

My first post was sarcasm. Highlighting that Trump makes things up as he goes along. And people fit the results of his flailing around after the fact and then claim that the end result was the intended result all along no matter what else was siad or went before.

I think there is aplace for tariffs - because they are used in moderation just about everywhere. What isn't condusive to economic growth or stability is the nuclear, blunt instrument welded by Trump. It was demonstrable and factually and historically proven in Term 1 not to work. And only time will show us how badly these ridiculous tariff setting procesudres will set back the US economy and the world economy. If you think these tariffs are going to instigate manufacturing back in the USA - I disagree. See Term 1 = promises and headlines made and broken. Look at the price of washing machines and dryers. Look at the jobs created making wshing machines in the USA and the cost per job - circe $800K.

Trump making common sense excpetions? To the wholesale blunt truma tariffs he already introduced? Yeah it's a step in the right direction to corect/heal a self inflicted wound.

I certainly believe Cook being on stage at his inauguration carried more sway than the million dollars. Pubic displays of support and adoration are the life blood of a narcissist.

Not against my wishes, I don’t want anyone to lose money bro. My posts about the dow are simply news, nothing more. Although, I do think speculation in the markets drives up prices on consumer goods. And I don’t think food, energy, and healthcare/medications should be commoditized for speculation. The rest I couldn’t care less about.

Just bustin' balls, brahma.

Nvidia got their asses saved with Trump's tariff excemption. They was already getting dragged by consumers with their way overpriced GPUs

I like it.

Nvidia, that is. Man this site has been wonky as hell the past few days. Freezes almost every time I try to post.

It's the Deep State, they have come for you!

Forget tariffs — Beijing is already choking off US exports on the sly

© Andy Wong/AP
Beijing is showing the Trump administration that tariffs aren’t the only weapon in a trade war.

Long before President Donald Trump fired the opening shots of a new U.S.-China trade war from the White House Rose Garden last week, Beijing had been working to perfect its stealth campaign blocking key U.S. agriculture and energy exports. The Chinese government over the past four months has halted or significantly curtailed direct exports of major U.S. commodities including beef, poultry and liquified natural gas through an array of bureaucratic blocks and tricky third-party sales deals.


The so-called nontariff barriers to trade are even stickier than the escalating tariffs rippling across the global economy, analysts said. All together, the moves are an escalation of the curbs China has been honing since its bans on genetically modified foods a decade ago. And they provide Beijing added firepower in the ongoing U.S.-China trade war by targeting exports from Trump-friendly, deep-red states — think Iowa and Nebraska — with restrictions immune to possible workarounds for tariff barriers.

“A tariff, you can just pay it, and things just get more costly,” said Ben Lilliston, director of rural strategies and climate change at the Institute for Agriculture and Trade Policy. “But this is a full restriction on your ability to send product to that country.”

The Chinese government knows where it can pinch U.S. exporters hardest. It has already declined to renew export licenses for hundreds of meatpacking plants, alleged that some U.S. chicken products contain unwanted drugs and stopped importing U.S. natural gas. Those industry targets also happen to be some of the president’s most ardent political supporters.


Such tactics underscore the dexterity of Beijing’s response to rising U.S.-China trade tensions — and its years of preparation for a new trade war. What began as an additional 50 percent tariff that raised levies on Chinese imports to north of 104 percent Wednesday turned into a 145 percent tariff level a little over 12 hours later. That second increase came after Beijing upped its own tariffs on U.S. goods to a total levy of 84 percent. Beijing’s counter-tariff reprisal pushed levies on U.S. imports to 125 percent Friday.

The playbook is one that the Chinese government has finessed since entering the World Trade Organization in 2001. Beijing almost immediately beat back a flood of foreign imports of commodities, including soybeans, through questionable claims that they contained insect infestations or genetically modified organisms.

After the Canadian government detained a senior executive of Chinese telecom giant Huawei in 2018, Beijing suspended a large percentage of Canadian canola oil seed imports, alleging that they contained pests. The Chinese government only lifted that import block after Ottawa allowed the executive, Meng Wanzhou, to return home.


And a strategy of alleging that U.S. goods are unsanitary — which is sometimes a legitimate complaint — can be arduous to reverse.

“You don’t want to see health and safety turned into political bargaining,” said Darci Vetter, who was chief agricultural negotiator in the Office of the U.S. Trade Representative in the Obama administration. “It turns carefully considered barriers based on science into a political issue.”

But it’s a tried-and-true tactic for Beijing, according to specialists in trade regulation mechanisms.

“This is what China does — trade action masquerading as legit public policy based on science,” said Marc Busch, who has advised both USTR and the Commerce Department on technical trade barriers and is now a professor of international business diplomacy at Georgetown University. Such technical trade barriers give Beijing “two bangs for the buck — plausible deniability and lethality,” Busch added.

The U.S. itself is no stranger to using nontariff barriers to protect its agricultural commodities, said Colin Carter, an agricultural economist at the University of California, Davis.

“One of the most egregious examples, if we look in the mirror, is U.S. sugar policy,” he said, referencing the virtual ban on sugar imports, a policy that has led to much higher domestic sugar prices.

But Trump's latest offensive brings a sense of déjà vu to the U.S. natural gas industry, which was also caught in the trade war crossfire during Trump's first term. China, then as now, stopped imports of natural gas as “a calculated strategic move,” said Leslie Palti-Guzman, energy security and climate change analyst at the Center for Strategic and International Studies.

“Since the last U.S.-China trade war, China has deliberately positioned its LNG market as a geopolitical lever, preparing to weaponize it if relations with Washington soured again. That moment has arrived,” said Palti-Guzman, noting that Beijing is targeting an industry that is especially cozy with Trump.

This also isn’t the first time China has targeted the U.S. beef industry, a key political constituency that doesn’t rely on the Chinese market as heavily as, say, the soybean sector. While the U.S. is a net importer of beef, China is a key buyer of American beef and related commodities. China’s reticence to renew export licenses has stopped more than 90 percent of U.S. beef exports.

National Chicken Council spokesperson Tom Super said China has relied on nontariff barriers “for years,” calling the Chinese sanitary and phytosanitary concerns about U.S. chicken imports “bologna.”

“The antibiotic cited by Beijing has been banned in U.S. chicken production for decades,” Super added, referencing the drug furacilin, which is banned in the U.S. but China says it found repeatedly in shipments from Mountaire Farms.

China also quietly stopped importing U.S. natural gas, according to data from commodity analyst firm Kpler. The country so far this year has imported just one cargo of gas, compared to 14 cargoes during the same period of 2024, according to Kpler data.

Beijing put a 10 percent tariff on imports of U.S. gas in February. It has also made it clear that bringing U.S. gas into ports was politically frowned upon given the growing trade war with the Trump White House, according to a U.S. industry official granted anonymity because they weren’t authorized to speak publicly about trade flows. However, compared with agricultural goods, the hit may be more modest to LNG exporters because the industry expects to find other buyers as global gas demand remains strong.

The move “candidly, was expected” from the offset of Trump’s trade war, said one LNG company executive via text who was granted anonymity to address the issue. “But there are deals to be cut elsewhere on LNG, IMO.”

A potentially bigger problem is Beijing’s decision to restrict its exports of critical minerals to the United States. That move hits makers of U.S. clean energy and petrochemicals, making it more difficult to produce everything from electric vehicle car batteries to the plastic used for picnic cutlery. China is by far the largest source of such minerals, leaving the United States with little alternative for supply.

The U.S. petrochemical industry, which has generally supported Trump, “has a big target on its back” with China’s critical mineral restrictions, Al Greenwood, deputy editor at commodities trade publication ICIS said in an interview.

Even if the current sky-high U.S.-China trade tensions ease, don’t expect Beijing to abandon nontariff barriers anytime soon.

“These nontariff measures allow China to maintain that veneer of, ‘We're just following the rules — we have legitimate reasons to do these things,’” said Greta Peisch, former general counsel of the Office of the U.S. Trade Representative and currently a partner at Wiley Rein.

“It’s part of China’s narrative, and it should be of concern,” Peisch added.

https://www.msn.com/en-us/money/markets/ar-AA1CO3El

This was from this morning on Investors Business Daily...
Honestly, to be in the market with my 401 now, I would have to act as a day trader-seems every day is pump or dump

However, Commerce Secretary Lutnick told ABC News on Sunday that the reprieve is temporary, with the electronics exemptions only on the "reciprocal" tariffs. Trump will soon impose sector tariffs on electronics and semiconductors.

Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary
Lutnick said "semiconductor tariffs" will likely come in "a month or two."

ByQuinn Scanlan
April 13, 2025, 9:37 AM





1:19
National headlines from ABC NewsCatch up on the developing stories making headlines.
Commerce Secretary Howard Lutnick said Sunday that the administration's decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve, with the secretary announcing that those items would be subject to "semiconductor tariffs" that will likely come in "a month or two."

"All those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reshored. We need to have semiconductors, we need to have chips, and we need to have flat panels -- we need to have these things made in America. We can't be reliant on Southeast Asia for all of the things that operate for us," Lutnick told "This Week" co-anchor Jonathan Karl.

He continued, "So what [President Donald Trump's] doing is he's saying they're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two. So these are coming soon."

The administration's clarification comes after a U.S. Customs and Border Protection bulletin was posted Friday night outlining key electronics -- smartphones, computers, solar cells, flat-panel TV displays and semiconductor-based storage devices, among others -- would be exempt from the tariffs announced since April 2. That meant those products would not be subject to steep tariffs on Chinese imports, nor the global 10% tariff rate President Donald Trump had imposed.

Lutnick said on "This Week" that the White House will implement "a tariff model in order to encourage" the semiconductor industry, as well as the pharmaceutical industry, to move its business to the United States.

"We can't be beholden and rely upon foreign countries for fundamental things that we need," he said. "So this is not like a permanent sort of exemption. He's just clarifying that these are not available to be negotiated away by countries. These are things that are national security that we need to be made in America."

https://abcnews.go.com/Politics/com...electronics-temporary/story?id=120752319

I won't excuse the actions by China since it appears these regulations they're using were recently created just to increase the trade war. However America allows growth hormones be used in the raising of cattle and poultry to be disinfected with chlorine. Both prevent American beef or poultry to be imported from America by Europe where they are being used. The fact is Europe bans many things used in America in order to have better food safety standards.

Actually, that statement defeats every strategy and purpose of a 401k. You wrote that or they wrote that?

I wrote that-and for a while many years ago I tried to do the penny and small cap stocks and run with some of the schemes that social media was throwing out there.

Now, for stocks, we try to buy the best names at a bargain.
For my 401k, I moved most of my money to bonds and cash in mid Feb and I have left it there.

Those were my statements, everyday is like a pump and dump-no certainty in anything the administration puts out-one day we are never backing down from tariffs-couple days later they back down-supposedly for 90 days-could be 90 hours though.

reprieve on the semiconductors and electronics on Friday-now they are saying that the are going to issue semiconductor specific tariffs in a month or two

In actuality these cuts make no sense. These employees weren't paid by tax payers but by the cruise ship industry. And yes, annual inspections were a part of their job..............


Here is the entire article...................

CDC's cruise ship inspectors laid off amid bad year for outbreaks

All of the full-time employees in the Centers for Disease Control and Prevention's Vessel Sanitation Program are now off the job, multiple officials tell CBS News, gutting the agency's ability to investigate outbreaks and conduct health inspections on cruise ships. A smaller group of 12 U.S. Public Health Service officers will remain.

The steep cuts to the program's inspectors baffled CDC officials since the small team's staff is not paid for by taxpayer dollars. Fees from cruise ships companies pay for the program, which is supposed to inspect large vessels at least twice a year.

The epidemiologist tasked with leading the agency's outbreak response on cruise ships was included in the layoffs, multiple CDC officials said.

The cuts come as the U.S. has been battling a record surge of norovirus, largely driven by a new strain of the virus.

At least a dozen outbreaks have been documented so far this year on cruise ships, mostly from norovirus. Some of those outbreaks have made headlines for sickening dozens or even hundreds of people. There were 18 total outbreaks listed for all of last year.

Agency staff were in the middle of responding to two outbreaks when they were let go, an official said.

They were cut as part of Health and Human Services Secretary Robert F. Kennedy Jr.'s layoffs across the nation's public health agencies, which included cutting around 2,400 employees of the CDC.

An official for the Department of Health and Human Services claimed that the cruise ship work will be able to continue, since many commissioned officers from the U.S. Public Health Service in the program were not affected by the layoffs.

"Critical programs in the CDC will continue under Secretary Kennedy's vision to streamline HHS to better serve Americans. CDC's Vessel Sanitation Program (VSP) continues to monitor and assist with gastrointestinal outbreaks and track and report these illnesses," the official said in a statement.

But multiple CDC officials warned it would be challenging for the already short-staffed program to avoid cutbacks to inspections and outbreak investigations, given the steep layoffs. One called the HHS statement "frustrating."

"None of the civilian staff are there to support them. So I don't know how long they will be able to sustain their mission alone without any support," said Erik Svendsen, who was the head of the CDC's Division of Environmental Health Science and Practice before it was eliminated.

Svendsen's division oversaw the vessel sanitation program, along with other teams like the CDC's lead poisoning experts, who all remain off the job despite Kennedy's suggestion last week that he might reinstate them.

At its height, the Vessel Sanitation Program could have around two dozen staff, said a CDC official who spoke on the condition of anonymity, but it had already been struggling with a staffing shortage before the cuts.

"Affected services include outbreak investigations, coordination with state and local health departments, follow-up on lab-confirmed cases of acute gastroenteritis after travel, and communications such as website updates," the CDC official said in a message.

Only one epidemiologist remains in the program's team to investigate outbreaks, one official said, and was still in the early stages of their training.

Nearly 200 cruise ship inspections were done by the program last fiscal year. It takes around six months to train new inspectors of cruise ships.

The inspectors are tasked with checking to make sure ships are not cutting corners in a range of issues, like medical centers, water systems and food safety. For many ships, the CDC effectively serves as the only health department regulating these areas.

Similar to challenges faced by other federal inspection teams now grappling with cutbacks, the layoffs to the program's support staff will also saddle inspectors with more administrative work, multiple officials said, detracting from time that should be spent inspecting and investigating.

A CDC official said that it had already been hard to recruit to fill positions on the team, especially given its demanding schedule of travel to inspect cruise ships and respond to outbreaks.

https://www.cbsnews.com/news/cdc-cruise-ship-inspectors-layoffs-outbreaks-norovirus/

Well, if you've already moved all of your money out of the market and beat a 15% downturn, (looking like a genius in the process) why would you be complaining? That's like complaining that your shoes are so comfortable your feet keep falling asleep.

"Now, for stocks, we try to buy the best names at a bargain." You can obviously do that right now if you don't need to cash in right away. You don't have to though, you've already beat the market, that would be like hitting your opponent while he's down. Nobody wants to do that. But if you're not doing it because of fear, you're defeating the purpose of a 401k.

Your elevator stopped at the wrong floor again.

It's crazy to me that people are screaming bloody-murder over a market and how it pertains to people retiring. The market right now is where it was in SEPTEMBER while people are acting like they're throwing away years of savings. I realize you can't necessarily time retirement, but you can definitely time the payouts -- right down to monthly installments if you need the cash now.

Seems like a lot of over-reaction.

The absolute only people this has affected directly are those that turned 73 last year, delayed taking the Required Minimum Distribution (probably to delay the taxation but definitely a case where they didn't "need" the money), and were forced with an April 1 requirement to take a distribution. And guess what? They beat the mini-crash by a full week. They'll be the same people complaining about taking distribution while the market is high and all that money is working so well for them.

And to be honest, in mathematical terms, taking money out of your fund while the market is rising has a larger negative impact than taking a disbursement while the market is falling.

You didn't ask me, but I'm going to chime in anyway.

I'm not-so-silently cheering for folks that voted Trump to get everything they voted for. Trade wars, culture wars, and most of the main points he campaigned on either being insignificantly addressed or just outright ignored.


Does this make me spiteful? Yeah, probably... though I'll also sincerely say that I'm curious how things turn out. Who knows... maybe it is a long game he's playing.



.... but I'm mostly spiteful.

At least you're honest. That requires more emotional maturity than most exhibit in these hallowed halls. 👏

IMO, it's the 'why'.

In September, the market (and overall economy), was slowly (painfully) rebounding from COVID/post-COVID-inflation. Now, we're back at that point because Trump is handling economic policy like my 2-year old playing with seasonal decorations/ornaments.

At least I'm able to find the elevator.

That does more to endorse your previous statement than anything else, there's still a media and society creating talking (screaming) points not grounded in actual fact. In other words you're (John Q, not you) angry about Trump "acting like a two-year-old" and endorsing false narratives to support the outrage. That's fine, but it should also be acceptable to see it for what it is and say it out loud.

Ok, now you lost me...

I didn't mean that I was freaking out, just that the portion I pointed out was something that made sense. Me having a 401k is the big reason why I'm NOT losing my mind right now. I'm not looking at it other than nudging up my contributions.

The one part I actually agree with the freak-out-ers is that this whole situation seems so needless.

For my 2 cents and in breif -

Needless and self inflicted.

It's not simply about the markets and making money in investments - that just happens to be one most obvious and instant barrometer. When the Dow drops by more than anytime since Covid as a direct result of a policy/announcemtnt people pay attention.

The economic forecast pretty much everywhere - US, Europe, Australiasia - all got pulled back by 1/2% or more. That's a bigger issue than someone's 401K when you are looking big picture and long term.

The bond market fell due to overseas investers deciding the US wasn't stable - or possibly as reported as a manipulation to negatively impact the USA. Either one is a worse issue again than the forecast global slow down.

We've seen in Term 1 - Tariffs don't work. They increase the cost of goods. They create headlines for companies saying great things to placate Trump. Those promises and headlines get broken. Job creation that did happen came at an insane and unsustainable cost. . . . . If the pause on phone tariffs is such a good thing because no-one wants to pay super high prices for phones, why doesn't that logic then apply for other goods? Cherry picking one item and saying the pause is good because otherwise prices will skyrocket seems to indicate exactly what will happen to goods not exempted.

Bottom line - as a means to kick starting and bringing back manufacturing to the USA. Is it a great goal? Yes. Will it happen because of tariffs? No.

Between Ukraine, Gaza, cutting aid to the poorest and most vulnerable and then these insane tariffs - traditional allies are ALL looking at the USA and thinking they need to distance themselves and form better, closer ties with other nations. When it comes to simple defense spending and countries not pulling their weight and contributing the required % of GDP (I think it was 2.5%) - sure, making NATO countries contribute their 'fair share' can be seen as a good thing. But that could have and should have been handled differently and probably behind closed doors. The rest of it - it's just anarchy and instability.

I specifically said not you. Just pointing out others that do share your POV are freaking out. It was meant as a backhanded compliment. 🤣

Jc

Has there been any significant deals made so far through all the chaos? There’s a lot of “people wanna make a deal” or “many countries are talking”, but I haven’t seen any major trade deals made.

The fact that even the elites of the elites were caught off guard and ticked off is enough to wonder if this was a massive insider trading scheme. It’s already bad enough that it looks like Trump doesn’t know what he’s doing, but if he actually did this on purpose then we have a problem.

LMAO Hearing this morning that Doge has only found 15% of the money it claimed would be cut and even those numbers are skewed with bad data. SO, what they hell have they really been doing? And Elon’s goons drug a social security worker away from their desk physically last week. Trump’s modern money gestapo turns out to be as inept and mean for no reason as Trump. These people should all be drug out of their offices and beaten in the streets.

Lol! Thanks (?).


I don't disagree that, overall, a large portion of the freakout is manufactured. I think you and I are actually MUCH closer on this than it may sound.

On some topics, though, I think it's at least somewhat warranted. I do think all this tariff chaos is needless and the negative impact will only get worse the longer and harder he leans into his shtick. He tried this during his first term, and aside from maybe a couple isolated places (I found 1 example of a washing machine plant in SC that opened as a direct result of those tariffs), the impact was thoroughly negative.

Another one is the admin sending a legal immigrant to El Salvadoran prison, skipping anything remotely close to due process, and then saying they're just not going to get him back (even though they admit he's here legally and refuse to show evidence of criminal activity).

I moved most of my 401k (about 75-80%) to treasuries and Cash-I have a small percentage in a index fund and I have some in a super conservative retirement fund-most is bonds-on my stocks, we find some good companies and never move out of them, so I still own those. My personal problem is I am looking to retire in 5-7 years and I don't want a president to do something super stupid and have another 2008 again. We used to laugh at work in 2008 about how much cheaper we are buying stocks as I lost about 30-35% over a couple years-I have a lot more in the 401k and a lot less time to recoup another 2008.

Trump tariffs won’t lead supply chains back to U.S. but companies will go low-tariff globe-hopping: CNBC survey

https://www.cnbc.com/2025/04/14/tariffs-wont-bring-manufacturing-back-to-us-supply-chain-survey.html

I think we still have way too many Americans who think corporations want to pay them anything, never mind a living wage.

MAGA, for the last 30 years, men who look just like you happily, enthusiastically, voluntarily laid off men who look just like them, and chose the cheap foreign labor every.

chance.

they.

got.

nobody forced them. nobody told them they HAD to go overseas. Nobody told them they HAD to increase executive pay while forcing Americans to work longer for lower purchasing power. Nobody forced them to fire American workers and take those jobs overseas. The free market that everybody seems to speak higher of than Jesus himself, ACTIVELY decided to pick foreign labor over domestic.

So for the diehard free-market, anti-regulation capitalist out there, how exactly can we get businesses to bring manufacturing back to the US that DOESNT require force? remember, that's illegal and socialist/communist. Tariffs be damned, they refuse to come back.

So what do we do?

But you're not even really in the market -- that's one of my points. I don't know what you think Trump could do that would parallel a market that was oversold real estate by 7 trillion with Vegas-style trading instruments?

Even after economic armageddon, the market recovered from the low to it's previous high in under four years. You should be fine. And since you've obviously been a prudent investor and will be dispersing from funds over a period of years, if Trump did destroy the market you'd have more than enough time and space to capitalize again.

It's actually closer to 8% if you consider he said $2T originally.

Meanwhile, the bathroom today had no soap AND no paper towels.

We're doing great.

jc

our purchasing power is dropping...

I have been focusing on that more than anything.

European rating agency Scope sends US downgrade warning
Marc Jones
Tue, April 15, 2025 at 10:21 AM EDT2 min read




LONDON (Reuters) - European credit ratings agency Scope has warned that the United States could be downgraded if a lengthy trade war erodes long-term trust in the dollar, or if President Donald Trump implements even more extreme measures such as capital controls.

The fallout from Trump's trade tariffs has included the dollar's sharpest year-to-date fall against other major currencies in more than 50 years, while credit default swap (CDS) markets, which investors use to hedge risk, are pricing in as many as five U.S. rating downgrades.


Berlin-based Scope, which is used alongside S&P Global, Moody's and Fitch by the European Central Bank to judge creditworthiness, said one of the most exposed countries to the trade war was the U.S. itself, particularly in more extreme scenarios.

Those include a protracted tariff fight and/or the introduction of U.S. capital controls - or taxes on foreign investment - which could then lead to "viable alternatives" to the dollar as the world's dominant currency.

"If doubts about the exceptional status of the dollar were to increase, this would be very credit negative for the U.S.," Scope's head of sovereign ratings, Alvise Lennkh-Yunus, said in a report published on Tuesday.

It is the first agency to deliver such a stark warning about a possible U.S. rating downgrade in the wake of Trump's shake-up of the post World War II global economic order.


Scope currently rates the U.S. AA with a "negative" outlook. That is lower than the AA+ scores of S&P and Fitch, and of Moody's, which is the only major agency to still rate the U.S. a top-grade "triple A".

Lennkh-Yunus added that doubts around the dollar's status would be fuelled if China and the European Union deepen their trade ties; if China opens up its economy; and if the EU can convince its citizens to invest more into the bloc's priority projects.

"These developments are unlikely to happen swiftly," Lennkh-Yunus said.

There was a broader warning about other countries with significant trade surpluses and/or financial exposure to the U.S. too.

They include open economies like Ireland, which ride global business cycles, those sensitive to higher financing rates such as Italy, oil exporters, and countries with weak currencies like Turkey and Georgia.

https://www.yahoo.com/news/european-rating-agency-scope-sends-142108723.html

Don’t worry, Trump, the king of debt has got this! Smfh… dude has bankrupted or stolen from everything he has ever done. A fool elected by bigger fools, trying to turn us into NAZI Germany. There is a special hell for everyone associated with this admin.