Trumponomics

[King Salvo]

Sure trade is not an even playing field taking into account cost of production differences - But are Tariffs the answer when local producers are not able meet consumer demands?

Prices will rise if imports decrease - supply and demand.

Seems to be a Government revenue raising aspect to it as well as importers pay the Tariffs to the Government - consumers ultimately pay in the end including higher taxes -whether it be a consumption like tax , fed and or state taxes if applicable.

In 2024 the US had a trade deficit of $918.4 billion - Imports totalled - $ 4.11 Trillion vs Exports of $ 3.19 Trillion,

In 2024 AUS had a trade surplus of $54.8 Billion - Imports totalled $ 606.4 Billion vs Exports of $ 659.4 Billion

Australia is 28th on the US imports by countries list - 2024 - $ 16.57 billion - Mexico , China and Canada are the top 3

https://tradingeconomics.com/united-...rts-by-country

In Comparison the US are number 2 on the Australia imports by country list - 2024- $ 34.72 Billion

https://tradingeconomics.com/austral...rts-by-country

So Australia had a trade deficit with the US of $18.15 billion in 2024.

[King Salvo]

Ol' Sal still plugging away with bullshit gems from right wing sources. The median wage quoted (the most common) is around $1500US p/m BUT - free heath care, Fee dentist, cheap public transport, cheap rent, cheap cost of living. Examples: Bistro meal $9US, Beer (pint) from 70c to $4US, local bus 30c, Subway fare 30c etc, etc, etc...That's why China's satisfaction with its governance is around 96% according to Princeton University. The love the joint. The system wotks for them!

My Oh My Liber Paddo and his "love" of China knows no bounds - well except that he who will never migrate.

Mmm - minimum wages are set by the provinces in China.

One can say, like Russia, the folks wages in the big cities distort the real truth about medium/average wages in both countries - Chalkies like you in Russia, in the regions/oblasts, wages are as low as $216 USD a month. Pensions are as low as 110 USD a month.

https://www.china-briefing.com/news/...m-wages-china/

No such thing as free healthcare of any description or anything as someone has to pay for it - whether through Government collected taxation revenue or an employee income taxed contribution. Only the air is free.

China has a publicly funded universal healthcare /government-mandated scheme that provides basic health services which does not include dental. Dental costs are capped. There has been an increase in private health plans to cover out-of-pocket expenses, including dental, plus they have a co-contribution basic health insurance system for rural folks funded by employer/employee payroll taxes.

Not comparing apples with apples.

Cheap rent and cost of living - low labour costs contribute greatly to the affordability of goods and services, including housing, plus competition - major cities across China have flat vacancy rates between 20 and 30%.

You will live like a king in China then on your very generous tax-payer-funded superannuation if you migrate, since it's so cheap with plenty of accommodation options to choose from.

Bistro meals - significantly lower production costs - i.e. ingredients and labour costs, competitive pricing (competition with other bistros for customers) and wages of consumers.

Domestically produced beer (local and foreign brands) is cheap in China due to significantly lower production costs, set pricing, size of the domestic markets and economies of scale and wages of the consumers.

Low transport costs - government subsidies, significantly lower labour costs, the size of the population - operate on a large scale, resulting in economies of scale to lower passenger costs and wages of consumers.

Mmm, not that 13-year-old survey of 32,000 respondents hand-picked by the Chinese Government-approved partner of Princeton's again - I wonder what happened to the 4% ?

Princeton does have a history in China though even before Mao.

Do a critique of Peking: A Social Survey Conducted Under the Auspices of the Princeton University Centre in China and the Peking Young Men's Christian Association [1921]

[ism22]

Good old Inflation / Recession Day. Damn the guy's a muppet...

[mightyrooster]

Wow, the stock market is in free fall.

[Random Rooster]

Wow, the stock market is in free fall.

Joe Bidens fault

[mightyrooster]

Joe Bidens fault

Well in positive news the ASX200 has bounced back in the last few hours. It’s now only down 310 points as opposed to the 498 it started the day with.

[Barron's Dream]

MAGA baby

[Random Rooster]

Well in positive news the ASX200 has bounced back in the last few hours. It’s now only down 310 points as opposed to the 498 it started the day with.

" dead cat bounce"

[ism22]

Anybody on here got a Swasticar? Old mate's shares are down 10.4% today.

Somebody should do a remake of Wolf 3D starring the Daaanld, Meeerks and Vaaaynssss. That or an episode of the Muppets, with Biden and Obama sitting in the balcony as Statler and Waldorf, heckling some orange-faced muppet.

[Barron's Dream]

Anybody on here got a Swasticar? Old mate's shares are down 10.4% today.

Somebody should do a remake of Wolf 3D starring the Daaanld, Meeerks and Vaaaynssss. That or an episode of the Muppets, with Biden and Obama sitting in the balcony as Statler and Waldorf, heckling some orange-faced muppet.

My Cybertruck is on the way. Seriously.

[Barron's Dream]

Well in positive news the ASX200 has bounced back in the last few hours. It’s now only down 310 points as opposed to the 498 it started the day with.

Wise investors make money when the market goes up and make more when it goes down.

[caz]

Wise investors make money when the market goes up and make more when it goes down.

haha, maybe that's theoretically true.
most aussies' connection to the sharemarket is through super. these are worrying times

[Random Rooster]

Wise investors make money when the market goes up and make more when it goes down.

Very true. Warren Buffett once said "In short, bad news is an investor's best friend. It lets you buy a slice of America's future at a marked-down price." However when to catch a very sharp falling knife is a very hard decision to make. Buffett also said "Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years." Great advice but only a very small percentage of people can afford to sit on the nest for 10 years.

There is a winner and loser when it comes to these sort of situations. The rich getting richer, the poor get the picture- Read About It!

[A Country Member]

Anybody on here got a Swasticar? Old mate's shares are down 10.4% today.

Somebody should do a remake of Wolf 3D starring the Daaanld, Meeerks and Vaaaynssss. That or an episode of the Muppets, with Biden and Obama sitting in the balcony as Statler and Waldorf, heckling some orange-faced muppet.

Some other cun on here used to go on about Statler & Waldorf

[mightyrooster]

Wise investors make money when the market goes up and make more when it goes down.

True. But I don’t invest and luckily my super is locked in the safe cash option but it’s going to affect a lot of other peoples super. I wonder what will happen in the US in a few hours.