US Dollar going up as Trump defeats shit bill and dollar goes up

US Dollar going up as Trump defeats shit bill and dollar goes up
Euro goes down
USA is going FULL power now

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theguardian.com/business/2017/jan/07/mexico-auto-industry-jobs-donald-trump-manufacturing-cars
spiegel.de/international/world/trump-inauguration-signals-new-world-order-a-1130916-2.html
youtube.com/watch?v=WgGlbnfeClc
twitter.com/NSFWRedditGif

CANT STOP THE USA TRAIN

>the British Pound is stronger than the Euro
>'b-but muh Brexit with ruin the Pound'
Eurocucks blown the fuck out

i really hope that trump ends up building the wall

IMAGINE the butthurt

But that's bad if we want to bring jobs back. We want the value of the dollar to be low so that we can export goods cheaper, which creates jobs the working class white Americans that voted for him. Trump himself even mentioned printing money to accomplish that.

brexit ruined pound and it has never recovered.

why do posters on Sup Forums know nothing about currency in general

>being this delusional

America is really gonna be fucking great again, just u fuken wait boys

except do you not understand what the whole point of this campaign is
to bring jobs back to US so that US can manufacture for the US

We'd bring back even more jobs if we manufactured for the US and for other countries. A weaker currency helps with that.

kids said china would take over #1, it will never happen kiddos
USA continues to be #1
FULL POWER AHEAD

Trump killing the TPP helps China
If he had signed the deal it would have helped China's rivals while having more say in intellectual property disputes by American companies. It also would have helped to build better alternatives to manufacturing in China by increasing demand for goods manufactured in Vietnam and Malaysia and others.

After the markets react to Dump's shit-tier economic policies you'll see the dollar go down.
There's no dispute that markets initially react to headlines and take some time to adjust.

You are the poo in the looest """"""first world"""""""" country. Our gdp will continue to rise.

>portugal
>first world
ahahah good joke my countryman

i get really butthurt whenever some nigger yuro says what """""will""""" happen

He won't actually go protectionist. The last century has showed us what protectionism does. He just talked about making a free trade deal with UK. I think he was just paying lip service

Dollar goes up and down all the time? Just because people over reacted over Beexit doesn't mean you should too.

Just wait until everybody boycot products made in USA and start buying chinese shit.

Except I'm actually studying economics

I'm hoping that's the case but he's already stated his intentions pretty clearly

>Trump killing the TPP helps China

I doubt that would help China

It won't help China, but it will certainly prevent harm to the Chinese economy.

The pound was overvalued to begin with. Because of its devaluation British exports are booming.

>Britain ended last year as the strongest of the world’s advanced economies with growth accelerating in the six months after the Brexit vote.
>Business activity hit a 17-month high last month, meaning that the economy grew by 2.2 per cent last year — more than the six other leading nations, including the US, Germany and Japan.

Realistically, weak USD goes for his policies, its just because the prices of foreign products are automatically gonna rise and its gonna help the "made in amerifat" products to be competitive both in the domestic and foreign market. In other words, without it, the "made in americuckstan" products wouldnt sell well anywhere just because they all would be so expensive for nothing, like once Japanese LCD TVs were like that. In such a market, only true stupid patriots would be willing to buy it.

And regardless of whether USD is gonna be strong or weak, the poor will be poorer. Average amerifats cant even realize it because the amerimedia somehow have ignored it all the way and nobody tells them the details. Its fucking strange that everyone believes amerifucks will automatically willingly buy "made in amerishit first" products whatsoever before anything else and even the left media have yet to mention nothing about it.

This is why Japan is more advanced than burgers

Correct me if I'm wrong, but the UK is still in the EU as of now.
Not sure it's gonna last when your access to the economical area gets cut off

>Its fucking strange that everyone believes amerifucks will automatically willingly buy "made in amerishit first" products whatsoever before anything else
They won't "magically" buy American products, Tojo. Do you even realize how protectionism works? Trump took care of it just yesterday: companies that are established in America, hire American and produce American are given a massive tax cut within America (in other words, these companies have less expenses so they can afford to sell their products at lower prices). Meanwhile companies that are established abroad and hire foreigners will have to pay hefty import fees to America (meaning that they have to calculate that fee into their sales price in order to make a profit or even just break-even). Americans will buy American products not out of patriotism, but because they're cheaper. This means that American companies that hire American will be able to earn more, expand more (in America) and create jobs.

theguardian.com/business/2017/jan/07/mexico-auto-industry-jobs-donald-trump-manufacturing-cars
Trump is even forming a threat to the entirety of Mexico's automotive industry, because most of these companies (run by Americans and selling to Americans) are now considering moving back to America.

Trump is doing a good job here: incentivising Americans across the board to support their own government with minimal intervention. These companies will end up paying less taxes, not more, and all Americans will be better off for it. Smithsonian free market economics doesn't work and that's been known for centuries: it inevitably results in a race to the bottom. And believe it or not, but most Americans don't to earn the same as a fucking Chinese shitshoveler.

>Correct me if I'm wrong, but the UK is still in the EU as of now.

Of course, but all the doom and gloom people were predicting directly after the result hasn't materialised.

I await the day when the dollar is stronger than the pound. Atm $1 = £0.80. I want $1 = £1.25

>these companies have less expenses so they can afford to sell their products at lower prices
Stopped reading there.

If you can[t understand a corporation's sole loyalty lies to it's stockholders you really are Trump voter tier stupid.

>If you can[t understand a corporation's sole loyalty lies to it's stockholders
Alright, and if Company B sells the same product as Company A for a slightly lower price, who do you think ends up selling more?

Free trade/competition works on a national scale, just not on an international scale.

everything you just mentioned sounds so inspiring and pretty, like an auto bran slogan or a tale you recite to children in order to go to bed. Reality ain't that pretty familia, government and corporations don't move out manufacturing industry out of the country because "the globalist jew mastermind scheme to overtake the world and kill the white race" is happening, they do it because it makes sense to do it, when a highschool dropout doing a manual job while being backed up by a bunch of toughs requests, no wait... demands to be paid just as much as a lawyer or an engineer you have found yourself in a situations compared that to a cesspool that's been already filled up and your only chance is to either drain it or get a better place, the solution trump is imposing is to make a bigger cesspool with tax payer money in order to fill more shit in the property.
Do you know how many BILLIONS has the automotive industry been draining from the economy in the last couple of decades? US needs a restructuring on both wages and industry's infrastructure, not gun pointing at them and force them to hire good for nothing american workers that'll sue the plant they are working on if they break a fingernail.
Even with the most stupidly high tax increase on imports and tax decrease for domestic products it would be impossible to keep consumer prices as low as they are now today, and even if some wages rise up that's be only the case for a small, small minority.

let's make a small exercise; imagine a car, a car needs steel, petroleum derivatives and rare minerals to be made, supposing that everything and i mean EVERYTHING has an added value for import, just flat out think that the price of the car has already go up 15%, now... you can't make suddenly transform raw materials into a car in the same place, so we will add up a 5 percent on domestic transportation because wages, tolls, gas and overall transportation costs drop down in other countries.

from derailing every few weeks

kek, but hey, that was the point from the very beginning, crash the plane with no survivors

so american goods get more expensive and European goods become more affordable for Americans. nice one
Because you still are in the market. Gotta love how delusional the brits are. Losing access to some 500 million consumers is not going to be a walk in the park nor will it make any ones economy stronger.

>Because you still are in the market. Gotta love how delusional the brits are.

It's more aimed at people posting images of the devalued pound and saying look at how shit Britain's economy is currently doing, when this isn't the case. What happens when Britain does leave the EU remains to be seen.

Protip: That's not good for American exports

spiegel.de/international/world/trump-inauguration-signals-new-world-order-a-1130916-2.html

>mfw the German economic model of currency manipulation and reliance on exports is fucked
>mfw the UK will win against continental Europe... AGAIN

Thank you, USA

>The Obama administration had already been eyeing the deficit in trans-Atlantic trade with suspicion, and Trump is likely to actually do something about it. Washington's new economic policy mantra is that those who want to sell in America also have to manufacture there -- otherwise they will face punitive tariffs or special taxes. "Donald Trump is a risk for the German business model," warns Michael Hüther, head of the influential Cologne Institute for Economic Research (IWK).

>In a 2014 report, the consulting giant McKinsey found that no other national economy is as globally interconnected as Germany's - but also that few others were as dependent on exports. In 2015, German industry exported goods valuing 1.194 trillion euros all around the world. But the country only imported 949 billion euros worth of goods.

>Germany has had a surplus in its trade balance for decades now. This is the product of German industrial giants, but even more so of the large number of highly specialised, high-tech small- and medium-sized businesses that are dependent on open markets. They now fear that Trump won't just be talk when it comes to protectionism and that he will set the country on a new course. They say he has the legal means for doing so.

>The U.S. Congress has granted the president trade promotion authority until at least 2018, when it comes up for renewal. That means that Trump has broad freedoms to negotiate free trade agreements. Or to put an end to them. And that end could come quickly: The U.S. must provide only six months advance notice, for example, to back out of the North American Free Trade Agreement (NAFTA), which regulates the free trade of good between the U.S., Mexico and Canada.

>Moscow is the first trump card Trump has at his disposal to place Brussels under pressure. The second is London. Barack Obama tried to make it clear to the British that they would be placed at the back of the line when it came to any free trade agreement with the United States if they voted in favor of Brexit. Trump, however, has said he wants to expedite negotiations of a trade treaty with Britain.

>That has been a boost to London's self-confidence as it seeks to establish its Brexit negotiating positions. In her speech on Tuesday laying out her roadmap for Brexit, British Prime Minister Theresa May said her government wouldn't even strive to remain part of the EU's single market. The new tune coming from the other side of the English Channel these days is no longer "Brexit means Brexit," but "Brexit means exit." "Trump has strengthened the Brits' negotiating hand," says Markus Ferber, a member of the conservative Christian Social Union, the Bavarian sister party to Merkel's CDU, and of the Economic and Monetary Affairs Committee in European Parliament. "If Clinton had become president, at least we might have got a soft Brexit in the best-case scenario," says Jo Leinen, a member of the center-left Social Democrats who has long been involved in foreign policy affairs in the European Parliament.

lefties utterly fucking wiped out of existence

>when you realise Britain is going to be made Great Again

TPP was a fail idea since it allows corporations to function like a government, also it sought to impose US copyright laws on other nations, regardless of whether it would be the best thing for them.

I understand some of your points but thats not what Ive wanted to know about the protectionism and enough to explain everything about it.

While things might partly go as you mention in regards to foreign companies there, he's threatened to impose heavy tariffs on the cheap Chinese products and probably Japanese and German ones too to make the "made in Americuck" products competitive maybe without patriotism. Then, what the poor fats are gonna buy? Their choices to buy would be very limited and they would just almost be forced to buy the expensive Ameritard products as a result.

For instance, if the Chinese smartphones are gonna be expensive, "made in Burgerland" iFuckphone will only ostensibly be competitive maintaining the current high or upcoming higher price. In the end, that muh jobs/wages with the protectionism would just be offset by that "all are expensive" domestic market, and the poor would stay as it is or be poorer. As you know, in 1st world, producing/reproducing domestic products really costs a lot. That was the reason why SHARP, which was a big Japanese electronic company in the past, failed in selling/reproducing/rebranding "muh made in WE WUZ Japan" LCD/Plasma TVs in challenging against cheap Azn TVs made in China and Korea.

Anyway this consequence will be unavoidable. It's how tariffs work and STILL the Chinese products would stay cheap as fuck all over the world excluding Burgerland. No foreign companies would really bear the expenses of the tariffs to the extent that the Americonsumers feel it's cheap as it used to be.

For what it's worth, the current state of USD doesnt explain anything about his policies. It's soared just because the market has been overly and oddly euphoric about the election without any fact and evidence. In a nutshell, the market has just fallen for Animal spirits shrugging off every uncertainty being assholes.

>and STILL the Chinese products would stay cheap as fuck all over the world
That lower cost comes at a price though because Chinese goods are mostly low quality garbage. Anyone remember the lead-laced pet toys?

Free trade agreements like NAFTA happened in the 90s as a result of consumer demands for lower prices. Most consumer wares in the 80s were very expensive if you adjust for inflation. Like the other guy said, cheapness came at a price which meant that electronics and home appliances were cheaper, less reliable, and less repairable.

>Chinese goods are mostly low quality garbage
This IS what I meant. As I explained in case, this is what Sharp, Sony, and many Japanese companies fell for. And perhaps the reality you guys and he have yet to confront or downplayed.

The poor cant afford to buy such "quality" products anymore and normies in general dont find it valuable either. They just buy cheaper shit. And, if they couldnt do, they would just stay poor or be poorer.

>economy grew by 2.2 per cent last year — more than the six other leading nations, including the US, Germany and Japan.
Yeah, your ecnonomy grew by 2.2% of GDP. But at the price of increasing debt by 1.7% of GDP. We achieved a growth of 1.9% with a budget surplus of 0.6% of GDP.
The debt increases of today are the tax increases of tomorrow. National economics 101.

He'll do a full chimp out and then get impeached.

Who gives a shit about exports? The US consumer market is big enough to sustain US manufacturing, the rest of the world can suck it

When American jobs are being lost because more and more manufacturing is being done offshore, it doesn't matter if the products are made in china, vietnam, malaysia, or wherever

Go ahead, chinese products are garbage, if you want to import a shitload of chinese made crap, more power to you

>He'll do a full chimp out and then get impeached
>He'll do a full chimp out
Well he is half German so it's inevitable

>The poor cant afford to buy such "quality" products anymore
Duh. They had all their jobs outsourced.

>shut factory down
>workforce becomes unemployed
>wages and living standards drop
>people end up buying lower quality chink goods

You see how that works.

why are germans so butthurt about brexit?

Moving to the UK right now

>Mexico imports items covered in lead paint and full of other toxins
>Next generation is even more retarded
>Retarded Mexicans always come here to clean toilets and wash dishes
>Have a shit ton of kids our taxes pay for.
Oh god, please no.

Because they're the most brainwashed of all Europeans.

You work for Ford, don't you? you gonna get all "they took our jobs" now?

youtube.com/watch?v=WgGlbnfeClc

To quote Henry Ford, "I pay my workers well so they can buy my cars."

Supply chains are global. Import tariffs hit American manufacturers as well. All protectionism does is make Americans pay more money for the same value in return. Economists have had ample opportunities to study the effects of protectionism during the Reagan years. E.g. their conclusion about tariffs on foreign steel imports: it saved about 17k jobs in steel manufacturing industries and cost about 53k jobs in industries that use steel as preproduct, because they had to pay higher prices for steel than their international competitors. That's a net loss of 36k jobs.
With increased globolization since the Reagan-years these effects should be even more pronounced today.

I bought two pairs of British shoes for around $500 USD each after Brexit. My $800 coat is made in England too.

They've been conditioned to think national sovereignty is a bad thing, and that globalism is the future

Using data from the Reagan years isn't a very good comparison because the steel imports you're referring to were Japanese, not from China. Japan made high quality goods that threatened US industry. China does not make high quality goods, it makes trash.

kill yourself kike

Does anybody have that long screencapped post about why nobody should ever bother learning Chinese/moving to China?

One of the specific things he mentions is how Chinese give zero fucks about quality/standards, even when placing an order that requires a very specific grade of steel.

eh, the truth is that the US began outsourcing light industry as early as the 1950s-60s, most footwear, children's toys, and a lot of home furnishings were made in Southern Europe, Japan, Taiwan, and Hong Kong.

>thinking a high US dollar is good for your economy

The other difference is that Japanese goods were made by Japanese companies like Toyota and Matsushita. The shit you buy from China isn't Chinese companies for the most part, it's Western companies that purposely moved their factories there. There are Chinese companies to be sure, but they only sell goods in Third World countries.

>trumplets think products made in america will be as cheap than chink products are right now if uncle trump gives enough tax cuts to corps and taxes chinks 200%
>trumplets think this will happen AND that the people working making those products will be payed AMERICAN wages instead of CHINK wages
>trumplets think the massive drop in real purchasing power will be ignored when people realize their shirts now cost twice as much as they use to
this is what happens when you leave economics to internet intelectuals, the chinks can't build silk road fast enough

Both samefag. Both CCP proxy shillbot.

not an arguement

This German is speaking truth.
None of fats and bongs here understand shit outside their dreamland.

I've wondered why none of their media outlets, even the leftest ones, have still covered it as well. Tho at least some of Bong media have covered how shitty Brexshit is gonna be with realistic assessments.

>The US consumer market is big enough to sustain US manufacturing, the rest of the world can suck it
Yeah, at the cost of everything being dramatically more expensive.

We're not butthurt but concerned. And we're concerned because it's a lose-lose.

He's right though

>implying this don't change
China is trying its best to catch up to the West, There is a chinese brand of cars, you know. Hyunday and Samsung didn't start as powerful companies

i have.

everyday since he said it

You're wrong. One can take your argument to the extreme and posit that one can maximize one's own wealth by not only not buying foreign but not buying at all, not even American, and instead manufacturing everything by oneself: Grow the crops, mine the ore for making the tools to harvest the crops, milk the cows, slaughter them, cut them up, refrigerate them, construct the refrigerator oneself, mine all the materials that are required for that etc. etc. pp.

It becomes immediately clear that an economic self-sufficiency unit with the size of one man is extremely poor. One man has neither the time nor the resources to do all these things. All of our modern wealth is based on the principles of specialization, division of labor and mass production. The more members the trading realm has, the bigger the potential for wealth. It follows logically from a very simple observation: Trade is not a zero-sum game. A trade is the result of the voluntary agreement between two partners and therefore ALWAYS benefits both sides. If it didn't it wouldn't take place in the first place.

America's problem is not that it trades with the world so freely, but that the overall benefits of that trade for America are distributed so highly unevenly among Americans.

You dumb shit, manufacturing jobs will disappear anyway because of automation.

Only ~10% of jobs are in manufacturing anwyay, just like in the UK

protectionists are so fucking insane

>studying economics
>in Poortugal
>thinks we should listen to him

Special steels have always been a niche product. The bulk of the production has always been standard issue stuff. There is no difference to the Reagan years in that regard.