Utopia Talk - Politics - The world profiting from Magas crash 2

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Utopia Talk / Politics / The world profiting from Magas crash 2

williamthebastard
Member Fri Apr 18 16:30:53
Trump wants his tariffs to reset the world. He might get his wish

President Donald Trump has repeatedly touted what he calls the return of manufacturing to the United States, hailing companies that have vowed to pour large amounts of money into making everything from computer chips to cars in America.

But announcements are easy to make. In the long term, why would companies and other countries decide to invest in the US, which has upended the global economic order in just weeks? The United States moved from a stable economy, a trusted partner in trade agreements and global security, to a source of confusion and doubt in mere weeks after Trump assumed office on January 20.

Perhaps no one has put it more bluntly than Ursula von der Leyen, the president of the European Commission, on Wednesday, when she said to a news outlet in Germany: “The West as we knew it no longer exists.”

In other words: The United States isn’t the only trade game in town.

“We have 166 members in the organization. US trade is 13% of world trade. That means that there’s 87% of world trade happening between the other members of the WTO,” Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told CNN’s Richard Quest on Wednesday.

“These are very fundamental policy changes,” Federal Reserve Chair Jerome Powell said at an event hosted by the Economic Club of Chicago on Wednesday. “There isn’t a modern experience of how to think about this.”

His comments sent US stock markets slumping, with investors clearly uneasy about what it means when a usually staid central banker suggests the world economic order is being turned topsy-turvy. (Trump ripped Powell on social media the next day, ostensibly for not lowering interest rates quickly enough, writing: “Powell’s termination cannot come fast enough!”)

Already, as CNN’s Allison Morrow points out, companies and individuals are seeing real-world effects, from chipmaker Nvidia to aircraft maker (and top US exporter) Boeing, all the way to people shopping for cheap clothing or makeup hauls on Temu and Shein.

China, for its part, has been diversifying its trading relationships beyond the US since its trade war with the US during Trump’s first administration. China’s exports to the US dropped from 19.2% of its total overseas shipments in 2018, to 14.7% in 2024, said Sheng Laiyun, deputy director of China’s National Bureau of Statistics, at a news conference Wednesday. Reuters reported last week that Beijing is trying to strengthen trading with the EU

When asked by a reporter on Thursday if he was worried about China cozying up to US allies, Trump denied the possibility. “No, no,” he said. “Nobody can compete with us, nobody.”

But China isn’t alone in distancing itself from the US. Many Canadians have already canceled trips to the US to boycott Trump’s tariff policy. Canadian Prime Minister Mark Carney last week posted on social media about speaking with von der Leyen.

“Throughout our history, Canada and Europe have worked together to build up our economies and bolster our shared security,” he wrote. “In this time of global uncertainty, we’re focused on making our relationship even stronger.”

Von der Leyen echoed those comments Wednesday, noting that more governments, including Canada, Mexico and India, have said they want to work more with the EU.

“Everyone is asking for more trade with Europe — and it’s not just about economic ties,” she said. “It is also about establishing common rules and it is about predictability. Europe is known for its predictability and reliability, which is once again starting to be seen as something very valuable.”

williamthebastard
Member Fri Apr 18 16:31:30
http://edi...ships-trump-tariffs/index.html

Pillz
Member Fri Apr 18 17:11:49
This represents the single biggest break in your psychopathic pattern in years.

You not only stopped posting and spamming. You have tried to reframe the engagement and reposition yourself as a contributing poster.

show deleted posts

williamthebastard Member	Fri Apr 18 16:30:53 Trump wants his tariffs to reset the world. He might get his wish President Donald Trump has repeatedly touted what he calls the return of manufacturing to the United States, hailing companies that have vowed to pour large amounts of money into making everything from computer chips to cars in America. But announcements are easy to make. In the long term, why would companies and other countries decide to invest in the US, which has upended the global economic order in just weeks? The United States moved from a stable economy, a trusted partner in trade agreements and global security, to a source of confusion and doubt in mere weeks after Trump assumed office on January 20. Perhaps no one has put it more bluntly than Ursula von der Leyen, the president of the European Commission, on Wednesday, when she said to a news outlet in Germany: “The West as we knew it no longer exists.” In other words: The United States isn’t the only trade game in town. “We have 166 members in the organization. US trade is 13% of world trade. That means that there’s 87% of world trade happening between the other members of the WTO,” Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told CNN’s Richard Quest on Wednesday. “These are very fundamental policy changes,” Federal Reserve Chair Jerome Powell said at an event hosted by the Economic Club of Chicago on Wednesday. “There isn’t a modern experience of how to think about this.” His comments sent US stock markets slumping, with investors clearly uneasy about what it means when a usually staid central banker suggests the world economic order is being turned topsy-turvy. (Trump ripped Powell on social media the next day, ostensibly for not lowering interest rates quickly enough, writing: “Powell’s termination cannot come fast enough!”) Already, as CNN’s Allison Morrow points out, companies and individuals are seeing real-world effects, from chipmaker Nvidia to aircraft maker (and top US exporter) Boeing, all the way to people shopping for cheap clothing or makeup hauls on Temu and Shein. China, for its part, has been diversifying its trading relationships beyond the US since its trade war with the US during Trump’s first administration. China’s exports to the US dropped from 19.2% of its total overseas shipments in 2018, to 14.7% in 2024, said Sheng Laiyun, deputy director of China’s National Bureau of Statistics, at a news conference Wednesday. Reuters reported last week that Beijing is trying to strengthen trading with the EU When asked by a reporter on Thursday if he was worried about China cozying up to US allies, Trump denied the possibility. “No, no,” he said. “Nobody can compete with us, nobody.” But China isn’t alone in distancing itself from the US. Many Canadians have already canceled trips to the US to boycott Trump’s tariff policy. Canadian Prime Minister Mark Carney last week posted on social media about speaking with von der Leyen. “Throughout our history, Canada and Europe have worked together to build up our economies and bolster our shared security,” he wrote. “In this time of global uncertainty, we’re focused on making our relationship even stronger.” Von der Leyen echoed those comments Wednesday, noting that more governments, including Canada, Mexico and India, have said they want to work more with the EU. “Everyone is asking for more trade with Europe — and it’s not just about economic ties,” she said. “It is also about establishing common rules and it is about predictability. Europe is known for its predictability and reliability, which is once again starting to be seen as something very valuable.”
williamthebastard Member	Fri Apr 18 16:31:30 http://edi...ships-trump-tariffs/index.html
Pillz Member	Fri Apr 18 17:11:49 This represents the single biggest break in your psychopathic pattern in years. You not only stopped posting and spamming. You have tried to reframe the engagement and reposition yourself as a contributing poster.
	show deleted posts

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