Australian (ASX) Stock Market Forum

US Election 2024 : Stock and Economic Comment

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moXJO said:
Russia and China seem to be chasing out western investment in Africa. Places like Mali are forcing Western investment out. Not sure if they are funding the rebellions in these places as well or what.
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Yes, and have been for years. Not new.
 
Trump now announcing a whole stack of new tariffs. China to get another 10% OVER THE PREVIOUS 30. Canada & mexico to get 25%. AUD down 0.6% in about ten minutes. U.S futures nosediving.

Globalisation, and therefore economic growth, well and truly taking it in the a$$.
 
over9k said:
Trump now announcing a whole stack of new tariffs. China to get another 10% OVER THE PREVIOUS 30. Canada & mexico to get 25%. AUD down 0.6% in about ten minutes. U.S futures nosediving.

Globalisation, and therefore economic growth, well and truly taking it in the a$$.
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Looks like it's back to shilling meme coins for returns.
 
But with the republicans now having the presidency, the house, the senate, and the supreme court, they can (and will) do almost anything they want.
 
over9k said:
But with the republicans now having the presidency, the house, the senate, and the supreme court, they can (and will) do almost anything they want.
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True, and the tariff announcement has led to a falling $A which will increase inflation.

i don't know why people are shocked about the 25% tariffs to Mexico and Canada.

It will be similar to his last Presidency.

He will get up in the morning with an idea and will just do it on a whim. he then might change it on a whim a month later. That's what ultimate power is and it is there to be used.

In the last Presidency he didn't have the power sometimes or the person managing the area of government would talk him out of it much of the time .....but this time they will enthusiastically follow though.

Watch out for economic shocks!
 
Knobby22 said:
i don't know why people are shocked about the 25% tariffs to Mexico and Canada.
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If you're interested enough you can go & take a look at how much trade the united states does with each country across the world and then take a look at where that trade is expected to go in the future.

Here's an easily demonstrable one:

Cars.

The mexicans are actually doing a phenomenal job of making cars now ;)
 
over9k said:
If you're interested enough you can go & take a look at how much trade the united states does with each country across the world and then take a look at where that trade is expected to go in the future.

Here's an easily demonstrable one:

Cars.

The mexicans are actually doing a phenomenal job of making cars now ;)
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trade.png
 
Trump states that he will stick with a 25% tariff on Canadian exports to the US without any exemption for oil and gas. This makes me believe that his priority is to decrease to zero oil imports from outside the US which may have a significant effect on Oil and Gas exports from Australia and the price of oil.

I'm not up to speed with matters presently affecting the POO but it will be affected as well as will oil and gas coming from Australia.

gg
 
Knobby22 said:
True, and the tariff announcement has led to a falling $A which will increase inflation.

i don't know why people are shocked about the 25% tariffs to Mexico and Canada.

It will be similar to his last Presidency.

He will get up in the morning with an idea and will just do it on a whim. he then might change it on a whim a month later. That's what ultimate power is and it is there to be used.

In the last Presidency he didn't have the power sometimes or the person managing the area of government would talk him out of it much of the time .....but this time they will enthusiastically follow though.

Watch out for economic shocks!
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@Knobby22 Could be a decent amount of OUCH !!!!!
 
over9k said:
If you're interested enough you can go & take a look at how much trade the united states does with each country across the world and then take a look at where that trade is expected to go in the future.

Here's an easily demonstrable one:

Cars.

The mexicans are actually doing a phenomenal job of making cars now ;)
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China thought they were going to beat the tariffs by setting up in Mexico. So did a lot of US companies.
 
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