That was inevitable as the US stock market plummets.

Of course a lot of money..$$ zillions can be made when the markets tumble just as when they rise. Perhaps that was the plan all along.

Difficult to see how Trump benefits out of all this (unless he's solely acting for the interests of billionaire backers)

Prices will rise everywhere and certainly in the USA.

Walmart is a prime example.

Owned by the mega rich US family, the Trump backing Waltons, Walmart is where tens of millions of US folk including probably the majority of MAGA, shop for household goods where they are pretty cheap.

But almost 100% of Walmart goods are made in China where they also have their own factories.

While tariffs can force companies to re-invest or invest in returning manufacturing to their own country which is a good thing, is big business going to invest the $Billions needed to build local US industries when Trump can literally change his mind overnight?

I think not.

In the long term these tariffs may force non US countries to invest more in local manufacturing to avoid US imports or supply other countries with goods they formerly bought from the USA. Another US loss.

I'm not seeing the business genius here from an orange guy with 6 bankruptcies including 3 casinos (one twice.)

Who bankrupts a casino ??. There's a huge casino in Sydney that's still limping along after being fined $millions repeatedly over the years for breaching gaming laws.

## of course all comment from me must be seen in the context that the c**t owes me money.

So it's personal reasons than why you hate Trump so much but you were so silent on Biden crashing the economy and causing major inflation.

What it is Hedda is a Global Protection Racket by an elected Al Capone. I now believe that anyone who had faith in a Trump world, as I sadly did albeit nervously, should now be in no doubt. This is an attempt at a New World Order governed by an Autocracy. I am sure it will ultimately fail, and I now truly believe Trump will be 'taken out'. Trump is ruling by 'fear'. That must always be rejected. Unfortunately we have the weakest UK PM of all time.

He's probably so mad that he thinks his mad ideas will make him go down in history as America's maddest greatest ever president. Trying to do all this at once (Gaza, Ukraine, tariffs) also seems utterly mad. Gaza/Ukraine now seems to have been knocked down the news, as if Netanyahu/Putin are just being allowed to get on with it. The US commerce secretary was on the news yesterday saying the world should just "trust" Trump on the economy and let him run it, as if he was some kind of guru or cult leader.

... Almost everything Mr Trump said this week—on history, economics and the technicalities of trade—was utterly deluded. His reading of history is upside down. He has long glorified the high-tariff, low-income-tax era of the late-19th century. In fact, the best scholarship shows that tariffs impeded the economy back then. He has now added the bizarre claim that lifting tariffs caused the Depression of the 1930s and that the Smoot-Hawley tariffs were too late to rescue the situation. The reality is that tariffs made the Depression much worse, just as they will harm all economies today. It was the painstaking rounds of trade talks in the subsequent 80 years that lowered tariffs and helped increase prosperity.

On economics Mr Trump’s assertions are flat-out nonsense. ...

And Mr Trump’s grasp of the technicalities was pathetic. ...

www.economist.com/leaders/2025/04/03/pre...cause-economic-havoc

Green Man wrote:
So it's personal reasons than why you hate Trump so much but you were so silent on Biden crashing the economy and causing major inflation.

Oh for God's sake lighten up.

Although Trump owes me money (and more importantly he ripped of my then agent for hotel and airfares for 3 Trump employees) for a hugely successful Miss Universe campaign...I probably would have done the 2 week job for free as it was huge fun.

The people I felt sorry for were his 3 employees who after a few drinks at night, admitted their utter loathing for Trump and how they thought working for him would lead to better jobs but rather they got doors shut in their faces in NYC where Trump was loathed even then, early 2000.

I had no idea he was so hated in NY until I checked with a NY media friend who laughed when he heard I got stiffed when he said "you follow 1000s of small contractors, some like small plumbing firms who he sent broke"

Proof please that Biden tanked the economy when every economist says the opposite.

# I despise Biden over his Gaza actions.

Biden's no longer president. Trump is. For the next four years. This is just two months in and everything economists are saying, e.g. in The Economist (see above), amounts to the same thing: he's just put a bomb under the global economy. Does he care if that blows up the lives of ordinary people at home and abroad? No. He's busy playing golf.

Jo wrote:
Biden's no longer president. Trump is. For the next four years. This is just two months in and everything economists are saying, e.g. in The Economist (see above), amounts to the same thing: he's just put a bomb under the global economy. Does he care if that blows up the lives of ordinary people at home and abroad? No. He's busy playing golf.

It's funny a lot of the economists in America say the opposite. I don't believe anyone but I question everything.

The dollar sank with Biden, and hyperinflation occurred.

Trump's tariff 'medicine' hammers markets as Europe gropes for response

... Trump said he had spoken to leaders from Europe and Asia over the weekend, who hope to convince him to lower tariffs as high as 50% due to take effect this week. "They want to talk but there's no talk unless they pay us a lot of money on a yearly basis," Trump said. ...
Sounds like a protection racket.

Falklands surprised to be on Trump's 'worst offenders' list

... The British overseas territory is facing a 42% tax on the goods it exports to the US...
Mad.

Trump tariffs based on massive error, conservative think tank says

The formula used by the Trump administration to levy reciprocal tariffs contains a serious math error that over-inflates the impact by about a factor of four, economists at the American Enterprise Institute said. ...

The conservative think tank says the error led to tariff rates massively higher than they should have been to achieve the goals the administration sought. ...

Green Man wrote:
The dollar sank with Biden, and hyperinflation occurred.


You exaggerate Biden's inflation performance!


www.investopedia.com/us-inflation-rate-by-president-8546447