Donald Trump has continually insisted that deals over his tariffs are coming.
Donald Trump claimed Tuesday that the U.S. doesn’t “have to sign” any trade deals, inadvertently admitting that his administration hasn’t made any progress during the 90-day pause on his disastrous tariffs.
During a tense meeting to discuss tariffs with Canadian Prime Minister Mark Carney, the president attempted to move the goal posts on actually completing any agreements with foreign countries.
“Everyone says, ‘When, when, when, are you going to sign deals?’ We don’t have to sign deals!” Trump said.
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That, and the sheer stupidity of the morons who voted for him.
Have you considered eating enough raw bushmeat that you get a brain worm?
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You can’t do that in the US for 401ks with the company you currently work for
Doesn’t matter the currency will be worthless too
Pull 401k and buy a tangible object
This is just the push I needed to buy that Mercedes, thank you
/s
She sounds like an excellent dancer
If tariffs continue for long enough then the value of all cars will skyrocket actually
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Gyros?
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If the stock market and US dollar becomes worthless, it won’t matter where you store your retirement money because it’ll be worthless too.
You can direct your investments in your 401k to international funds much more easily
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Everyone talks about the yuan, but it’s the euro.
Done and done. Thanks for the tip, fellow lemming.
Just an FYI, do be aware that this could have tax implications depending where you put your money and your personal tax liability.
Understanding Taxation of Foreign Investments
- I am not a tax accountant.
Yeah, I think my 401k provider probably thought of that when putting together their international funds offerings
True, and as long as expense ratios are the same or lower than your US index/mutual fund then your only real issue is if the US market rebounds and outperforms your portfolio if you had diversified more.
And the expense ratio’s can vary a lot. For example Fidelity shows the exp. ratio of ($0.08 per $1,000) 0.008% for their Index Equity Fund, where their International Equity Fund has an exp. ratio of ($4.02 per $1,000) 0.402%.
Even small differences in fees can have a huge effect over time. Say you’ve invested $100,000 at a 7% annual return: A fund with a 0.80% expense ratio could eat up $70,000 more of your returns over 30 years than a fund with a 0.40% expense ratio.
Source: How to Invest Your 401(k) and Best 401(k) Investments
Yes, you’re not not going to have any foreign tax obligations owning a mutual fund in your 401k
Took me an afternoon and two days to funds to balance but totally worth it. I’m boycotting US stocks and federal bonds.
This is stupid. Selling your investments at a low price for a currency that’s quickly devaluing is two boneheaded moves in one.
Move as many of your investments as possible outside of the US.
The euro is devaluing? I missed that news.
Donald Trump is president of the EU? I missed that news.
It’s a global market, if the US goes belly up the world is going to feel it. Despite Trump putting his head in the sand, we are part of a global economy.
Every currency devalues, that’s what inflation is.
Unfortunately, the global economic system is tightly integrated. I think this will provide only a minor hedging effect.
As the rest of the world continues to move on without the US, the effect will grow.
The US consumers base is bigger than the next like six or seven countries combined, China included. If a country exports literally anything, you can bet the US is one of their larger trade partners, if not the largest. We just love buying shit here and had the money to do it. So I’m just saying, this shit is gonna hurt everybody. If you build something, odds are someone in America will buy it. The US imported $3.2T worth of goods in 2022, and if that shit dries up, all those places need to find someone else to sell that shit to.
I say this thinking this is all dumb, and if the issue was China, as it’s purported to be, and which is something I can totally get on board with, why not just go to trade war with China? China is heavily reliant on American consumerism. The US sent 150b in goods to China, but bought 536b back. With no other of America’s trade partners is the gulf so big. Mexico and Canada combined, the next largest two, were less.
I dunno, I’m just an idiot. I think things are much more complicated than folks on here and Reddit make them out to be. And that’s excluding the plethora of other obvious negatives from this administration. I think we all need to buckle up, and it doesn’t matter where you’re from.
Not bad advice
Who is going to sign the first deal with a President who’s famous for backing down? I
He’s the best at backing down. The biggest and most beautiful backdowns. When he backs down everyone claps.
Oh man! No shit?!? He had me totally fooled!
“We don’t have to sign deals. They have to sign deals with us. They want a piece of our market, we don’t want a piece of their market. We don’t care about their market. They want a piece of our market,” Trump rambled.
“Trump rambled” is the best attribution for trump quotes.
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If we don’t care about their market, why are we trying to balance trade?
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Because Trump doesn’t understand one inch of the global economy.
Trump doesn’t. He just wants vassal states.
He’s not that smart
You don’t need to be smart to understand power.
‘We don’t care about their market’ is such a self indictment of his understanding of global trade.
Poor soybean farmers hearing that when maybe 40% of their crop ends up in Chyyy-nah
Your base mighttt care about their market lil bro
He’ll just distribute them largess from the public coffer. He doesn’t give a shit. Let them watch gladiators while Rome burns.
To be fair, the bread is still a problem, but he’s saving a bundle on the circus
also like… literally the reason for tariffs: because people want international goods and nobody wants yours
This is what happens when you mainline American Exceptionalism for 80 years - It rots your brain.
What’s that, Lassie?
All he’s done is ruin everything and make the world worse for everybody?
He’s crashing the US economy?
He’s doing hundreds of years worth of damage to the country?
Millions of innocent people’s lives are ruined?
Millions of innocent people outside of the country will probably needlessly die because of him?
What’s that, Lassie?
Huh? It almost sounds French.
Oh, guillotine.
GOOD DOG!
He also brought in 9, maybe even 10 trillion dollars to the US! No other president has even brought in 1 trillion! Did you know that?
I really wish the camera didn’t keep focusing on Trump, I wanted to see Carney’s reactions throughout.
Last month, Trump claimed to have already struck 200 trade agreements with foreign countries, a remark so outlandish it sent members of his administration scrambling to make it make sense. (There are also only 195 countries in the world.)
The vile foreigner swine must have pulled out of all of them over the past month.
I would say this guy this is dumber than a bag of hammers but that would be an insult to the bag of hammers.
In the hands of Trump, a hammer is corrupted beyond redemption.
At least hammers have a use.
Exactly, we don’t need hammers to be smart. Trump is as useless as a 12 inch dick on an underage retard. The only people that want to fuck with it are criminals, pedos, and see degenerates
New AI hammers will auto balance and ‘help’ you aim mid-swing.
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Jesus. You really chose to swing for the fences and bludgeoned a grandmother to death instead.
Those are some very responsive penguins.
It’ll be 2000 by tomorrow!
Well, we all know how incapable Trump is regarding business and economy. Basically any halfway professional diplomat or trade official will basically run him into the next wall, head first.
China is only the first of many countries where he will learn that he is playing with adults for the first time. These are not random bootlicking apprentices he can fire at a whim.
most of the countries right now are already working around the tariffs, once its done , if trump decides to rescind all the tariffs, most of it wont come back every, or at leas it will be so minimal that it wont affect anything.
How many MAGA folks will ever see this? Probably very few. And most of those few will dismiss it without a second thought.
He wanted to nuke a hurricane and americans still voted for him.
I wish he did so people would realize how much of an idiot he is. But then again, this is Maga.
Hey now, he eventually back pedaled and successfully redirected the hurricane by using just a sharpie.
I’m really hoping that after enough people yell at him about how much money they are losing, he will just drop the tariffs and wonder off to the next disaster.
You forgot the part where he declares victory and claims he saved us from the disaster that he himself made.
And 70 million+ American voters believe it.
Carmageddon-level diplomacy cornering Felon Drink Bleach to spill the beans.
Trump: we’ve made over 200 trade deals
Everyone: with who?
Trump: she goes to another school
She lives in Canada. Wait, not that Canada…
The Cañada that Carlton and Will visited?
It’s funny he is so stupid he can’t even tell a plausible lie! Because he has to exaggerate beyond what’s even possible.
https://www.worldometers.info/geography/how-many-countries-are-there-in-the-world/
Countries in the world: 195
So surprise surprise the actual number is zero. 🤣🤣🤣
“He never said they were Earthly nations. He’s making deals with nations across the galactic empire!” - One of Trump’s 20 billion supporters.
Sorry my bad, that’s actually pretty cool. 😜
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Probably just one trade deal for each penguin
I know it’s tough to tell, but he is actually lying out his face
Yes that is true, but if you make them in such a short time, that he had made 200 of them in a month, wouldn’t it be extremely unlikely to be multiple separate trade deals per country?
Even if he made deals with half the countries on earth, he would need more than 2 deals on average per country!
Aand this should have happened in less than a month, so he should have made on average almost 7 deals per day!! Completely disregarding that trade deals generally are complex and usually take months and even years to negotiate!The point was that the lie is absurd, and that’s not even debatable.
Never a good thing to surround yourself with the fellationati
When you can’t tell a good lie from a plastic nod-and-smile lie, your brain porridge starts to congeal a little too fast
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Wherever he appears, everyone should just break out in laughter.
We really need to start chanting ‘FAGG-OT, FAGG-OT’ whenever he’s in public.
He is a one, in the truest sense of the word. He’s an elderly burden who is devoid of usefulness
No.
If you are aiming for offensive, “Dotard” is a (far) better word and it’s not actually as derogatory as it sounds. In fact, it’s perfectly cromulent and accurate.
- an old person, especially one who has become physically weak or whose mental faculties have declined.
