Economy Donald trump to impose Tariffs feb.1st.

[therealdope]

If we do I haven't seen it.

he was thinking of Camfil.

 

[BFoe]

You think this is about tariffs?

Tariffs are leverage.
A means to an end.

Congratulations on learning that obvious fact.

Well duh, but it isn’t a good means to that end. In fact, it probably isn’t a means to those ends because I don’t think they are going to work. He also tried this same thing with China last term, and it was a disaster. Why on earth would we think that is expanding that policy to encompass several countries would be good? This article is worth reading (as well as the studies on tariffs that it links to in the article).

What Is Trump Trying To Accomplish With Tariffs?

Tariffs can protect U.S. manufacturers or raise revenue to pay for other things, but they cannot do both.

www.forbes.com

It’s really great how just a couple months ago, it was all about prices being too high and “only Trump can fix it,” and now that hes been elected he’s just like, “Nah, fuck you Middle Class, get ready for pain instead” and you guys are like “oh ok, I guess we’re doing that then.” Great job guys.

 

[GearSolidMetal]

Well duh, but it isn’t a good means to that end.

Oh thats not true at all.
For decades at this point these nations have accepted our military protection & federal aid, and what have we received in return?

Go ahead, list all the benefits we've received in exchange for the billions they've received every year.

With Mexico it's been particularly offensive because they've allowed their cartels to thrive, trafficking illegal drugs and people across our border for decades.

So all the whining and crying from their President? Fuck her.
And fuck Trudeau.

In fact, it probably isn’t a means to those ends because I don’t think they are going to work. He also tried this same thing with China last term, and it was a disaster. Why on earth would we think that is expanding that policy to encompass several countries would be good? This article is worth reading (as well as the studies on tariffs that it links to in the article).

Not buying the 'Trumps trade war failed' talking point.
Sure it had its drawbacks, but it was working until Biden got into office and basically gave China whatever they wanted. Brilliant move.

It’s really great how just a couple months ago, it was all about prices being too high and “only Trump can fix it,” and now that hes been elected he’s just like, “Nah, fuck you Middle Class, get ready for pain instead” and you guys are like “oh ok, I guess we’re doing that then.” Great job guys.

It's been a pretty fucking awesome first two weeks.
Think Trump has earned the credibility to keep cooking.

 

[Koro_11]

So what are you exactly admitting to that your intelligence has a low ceiling when actually important stuff is at risk ? I guess so ?

No, it means if you can’t tell me how many genders there are then I can’t trust you with anything.

 

[Deorum]

Beating the shit out of your weaker friends for the hell of it is a strategy of some kind, I guess.

Doleful.

I have no desire to hurt Canadians.

 

[Darkavius]

We already know the answer because tariffs from his first term didn’t bring jobs back. Trump misses the point completely. He fails to understand (or maybe doesn’t care) that corporations don’t give a single fuck about the American working class. China will just use factories from another country or American companies will simply find another country to exploit cheap labor. Trump needs to actually throw down regulation on this company but sadly GOP is all about deregulation. https://econofact.org/factbrief/did-the-trump-tariffs-increase-us-manufacturing-jobs

This is correct. All trade wars and wars in general do is just consolidate power. Those companies that will drown under these tariffs will be bought by another corporation for pennies lowering the power of the American workforce (Mexican and Canadian as well). I think that's the point though because while the public argument is what have those countries done for us through all these years I think the true argument is how can we get workers to accept less and work more? Trump and Musk said these changes would be hurtful and cause pain but we all know who gets the pain of these tariffs.

 

[Andy Capp]

I made a thread on topic of US allies - most agreed, that only Israel is left as a true ally because for some reason US governments will bend over backwards for israel (no matter who the US president)
Trump made sure that Canada, Mexico and EU shouldn't count on US support/trade anymore.

Speaking of this, one aspect of this situation that frustrates me a lot is that Canada failed to learn that lesson the first time Trump was president and enacted tariffs on us. I said at the time that the one bright side might be if we took it as sign we need to diversify our trade relationships. Hopefully, a second slap in the face will get people to wake up, and move their heads to avoid getting slapped a third time.

 

[mkess101]

Is your body ready for Big Daddy Trump?

He's kinda right though.

These tariffs are ridiculous, the epitome of hubris and ignorance imo. And it's Trumps narcissism that's driving things. But the Dems are so fucking disconnected, they can't communicate why this is such a big deal on a broad scale--in layman's terms. They're stuck between this pandering to the every man schtick ("they're gonna jack up the price of your beer!") and sounding like pompous elites talking down on people.

Like...this really shouldn't be tough to sell to the American people as to why it's a massive overreach and bad for the economy. Trump's ego has given them a softball, and they're still (so far anyway) whiffing.

 

[lowlife]

yes let's make enemies of our allies and neighbors and attempt to beat them into submission with economic tariffs. What could go wrong? This seems incredibly short sighted but hey, a wins a win right?

 

[44nutman]

UVXY as a hedge. lol.

Are you Jim Cramers Sherdog account? Its up almost 10% pre market and the market is blood red.
Thanks tariff Trump. Easy fucking money

 

[therealdope]

Speaking of this, one aspect of this situation that frustrates me a lot is that Canada failed to learn that lesson the first time Trump was president and enacted tariffs on us. I said at the time that the one bright side might be if we took it as sign we need to diversify our trade relationships. Hopefully, a second slap in the face will get people to wake up, and move their heads to avoid getting slapped a third time.

Trump didn't get us into selling oil to the US at a market discount. Our stupidity goes much further back.

 

[Andy Capp]

Trump didn't get us into selling oil to the US at a market discount. Our stupidity goes much further back.

What has that got to do with what I said?

 

[Cajun]

@Cajun i just don’t know what deal there is to be made. Both Mexico and Canada already gave in to the border rhetoric.

Seems to be a longer term plan, perhaps to bring some manufacturers back? Get people to switch from their products to ones made in the US?

will be interesting to see the currency strength graph a week from now.

Seeing Canada act like a boycott of American products is going to do anything is cute though lol

Did Canada agree to strengthen the border? Must have missed that. Ultimately I think meeting with them working on something is better than throwing tariffs within 3 weeks of presidency. Trump needs to be clear on what he is looking for in an agreement.

 

[44nutman]

Time to stock up on beans and ammo. The Trump induced recession is going to be brutal. Hungry people make irrational decisions.
Only took Trump 2 weekends of golf to fuck up Bidens economy. Hopefully nobody is planning to retire in the next 4 years because your IRA is going to look like the elevator/Hallway scene in The Shining, it is going to be a giant wave of red.

 

[EL CORINTHIAN]

What has that got to do with what I said?

It addresses your assumption that this is the "second" slap in the face.

 

[AWilder]

He's kinda right though.

These tariffs are ridiculous, the epitome of hubris and ignorance imo. And it's Trumps narcissism that's driving things. But the Dems are so fucking disconnected, they can't communicate why this is such a big deal on a broad scale--in layman's terms. They're stuck between this pandering to the every man schtick ("they're gonna jack up the price of your beer!") and sounding like pompous elites talking down on people.

Like...this really shouldn't be tough to sell to the American people as to why it's a massive overreach and bad for the economy. Trump's ego has given them a softball, and they're still (so far anyway) whiffing.

classic. Love this blame democrats for Trump/GOP failures. Never change.

 

[Darkavius]

He's kinda right though.

These tariffs are ridiculous, the epitome of hubris and ignorance imo. And it's Trumps narcissism that's driving things. But the Dems are so fucking disconnected, they can't communicate why this is such a big deal on a broad scale--in layman's terms. They're stuck between this pandering to the every man schtick ("they're gonna jack up the price of your beer!") and sounding like pompous elites talking down on people.

Like...this really shouldn't be tough to sell to the American people as to why it's a massive overreach and bad for the economy. Trump's ego has given them a softball, and they're still (so far anyway) whiffing.

The Dems will continue to stay in a crap situation until they come to grips and get rid of old heads such as Schumer and Pelosi. You said they are whiffing but I don't think this is a whiff. I think this is on purpose. I get the sense the socialist lefties are slowly trying to make substantial changes or people are abandoning Dems in mass but the old heads still want to get that corporate money that Repubs are getting. Dems don't actually want to be the true opposition party to Repubs because it would essentially destroy their party as we know it now.

 

[44nutman]

This is correct. All trade wars and wars in general do is just consolidate power. Those companies that will drown under these tariffs will be bought by another corporation for pennies lowering the power of the American workforce (Mexican and Canadian as well). I think that's the point though because while the public argument is what have those countries done for us through all these years I think the true argument is how can we get workers to accept less and work more? Trump and Musk said these changes would be hurtful and cause pain but we all know who gets the pain of these tariffs.

Exactly!
Oligarchs become crazy rich during COVID and that is why they all went to Trump in 2024. Trump is like you think I made only you Oligarchs money during COVId well hold my beer, wait until you see Tariffs which will make you even richer, plus I will cut your taxes again.
Now Trump has Bezos and Zuck fight over who gets to play with Trumps balls while the middle class is being priced out of existence. Distributing wealth upwards is some Banana Republic Bullshit or how Putin consolidated his power just so he can send North Koreans to the Ukraine meat grinder.

 

[Andy Capp]

It addresses your assumption that this is the "second" slap in the face.

I think neither of you understand what I said in that earlier post. My claim is because Trump instituted tariffs against us, it should have been a wake-up call, not that it was the first such call in the history of US-Canada trade relations.


Sometimes, I really wonder about the weird assumptions people here choose to make when responding to other people's comments.

 

[BFoe]

Oh thats not true at all.
For decades at this point these nations have accepted our military protection & federal aid, and what have we received in return?

Go ahead, list all the benefits we've received in exchange for the billions they've received every year.

With Mexico it's been particularly offensive because they've allowed their cartels to thrive, trafficking illegal drugs and people across our border for decades.

So all the whining and crying from their President? Fuck her.
And fuck Trudeau.

Firstly, even if you believe that we aren’t getting anything out of these partnerships, tariffs are a really bad and stupid way to try and achieve that.

But more importantly, this belief is wrong. We get a very good return on our foreign aid: in the past decade, about 2/3 of our growth in exports was to USAID partners. This strong growth in exports was critical to getting us out of the last recession. As countries grow in wealth, they buy more of our stuff. As their countries become more secure, we have more diversified areas for factories or ports for shipping, thus bolstering our supply chains.

https://2017-2020.usaid.gov/sites/default/files/documents/1870/FINAL_Version_of_Shared_Interest_6_2018.PDF

Regarding military security for things like NATO, I think Poland said it quite well when they pointed out that NATO only invoked Article 5 one time ever, and it was on our behalf, the day after 9/11. Countries like Poland sent troops to Afghanistan, and those troops remained for two decades. Other countries did similar things for us. This idea Trump always pushes, that we get nothing on return or get ripped off is flat out false.

Not buying the 'Trumps trade war failed' talking point.
Sure it had its drawbacks, but it was working until Biden got into office and basically gave China whatever they wanted. Brilliant move.

Talking point? The trade war with China ended when China promised to buy more of our stuff—except they never did. It’s a fact that Trump’s trade war was a failure.

They cost us billions, and killed our farm exports to the point where we had to take those billions it cost us and use it to bail farmers out.

It's been a pretty fucking awesome first two weeks.
Think Trump has earned the credibility to keep cooking.

Pretty much all he’s done is break the law, violate the Constitution, and hurt the most vulnerable. I know all 3 of those things give right wingers a hard on, and you guys really should seek some sort of professional help or therapy for that.
His policies hurt the middle class and America as a whole, but you don’t care as long as he’s also cruel to already marginalized groups.

Get a grip. His policies are terrible for working Americans, and make no sense considering he was supposedly elected to “fix” the economy (that didn’t need fixing to begin with).