Economy Tariffs for one, Tariffs for all! (doubled tariffs on China)

[Andy Capp]

Apropos of this,

Trump tariffs forcing rethink of PC purchases stateside

Some businesses sticking with Windows 10, AI boxes not reviving demand

www.theregister.com

 

[pinger]

And work where exactly? you talk as if there was a lot of unused capacity in the American economy.

It takes billions, if not over a trillion to set up shop, and those billions won't come as long as Donald Trump keeps this schizo behaviour.

There is no way American manufacturing would look at what Trump is doing and think that what he is doing is coherent or unlikely to change on a whim.

No way they are taking multi billion dollar risks and investing their money in long term capital projects in the US when Trump is randomly changing his mind and the rug can be pulled on them.

Trump is creating the most dangerous and chaotic investment environment we have ever seen. It makes the threats caused by China seem insignificant as they can at least be predicted and managed.

 

[Prutfis]

"Trump indicated Wednesday that European countries would also face a 25% tariff as part of his reciprocal tariffs. He also wants separate tariffs on autos, computer chips and pharmaceutical drugs that would be levied in addition to the reciprocal tariffs."

So Trump is not only trying to kick millions off of government programs that help people pay for their medication they can't afford, he also wants to make those medications even more expensive.

Seems pretty stupid. The eu might even pull out the big guns and start invalidating us patents in europe

 

[Big Nasty Edison]

You seem to have forgotten about the eighth wonder of the world Foxconn panel plant in Wisconsin that was built because of Donald's excellent negotiating tactics.

Donnie's shovel should have been twice the size of those other two jabronies

 

[cooks1]

Yes there is. 1 in 3 Americans are on some sort of welfare benefits. How many do you think could be working if they had the motivation and/or a stable job were available?

And the majority of those 1/3 americans are already working. You realize it's 'low income', not just 'no income' people that get welfare right? There are not 35 million able bodied people under retirement age just sitting on their asses. Many millions are caring for young children. Single mothers with 4 kids may be technically unemployed. But when childcare for 4 costs more than the job pays, they won't rush back in to the workforce to produce American made Pokeman cards.

Same thing with Medicaid. The majority of able bodied people on Medicaid that are not retired already have jobs.

 

[pinger]

Donnie's shovel should have been twice the size of those other two jabronies

The bigliest of shovels, yuuuuge

 

[Damien Karras]

So now it can be made here and help our manufacturing? Don’t you know how manufacturing works? Where there is demand, we create supply

Lol

This guy doesn't supply chain

 

[Andy Capp]

Seems pretty stupid. The eu might even pull out the big guns and start invalidating us patents in europe

I can hardly wait until it gets to the point we cut off all of our potash exports to the US.

 

[Zazen]

Who benefits from this? Most wealthy people will lose money too because people won’t be spending money if things get bad enough. I just don’t understand what the plan is. We’re inflicting so much pain on ourselves and for what gain? The scary thing is maybe they’re doing it so a select few can buy off what’s remaining in this country for cheap.

 

[avenue94]

Who benefits from this? Most wealthy people will lose money too because people won’t be spending money if things get bad enough. I just don’t understand what the plan is. We’re inflicting so much pain on ourselves and for what gain? The scary thing is maybe they’re doing it so a select few can buy off what’s remaining in this country for cheap.

They won't lose much money. Tariffs are regressive, just like sales taxes on staples.

 

[HereticBD]

...

 

[deviake]

...

Hey 51st, whatchya doin' in the tariff thread?

 

[HereticBD]

Hey 51st, whatchya doin' in the tariff thread?

Someone has a crush on me...

 

[Deaths Head]

New Tariffs announced: https://ca.yahoo.com/finance/news/trump-plans-tariffs-mexico-canada-141201031.html

Trump is really doing the stock market dirty. If this follows through, the manufacturing sector is going to get crushed.

Doubling the tariff on China is expected to shave *dollars* off of the average S&P500 average earnings per share.

Nothing positive can be achieved long term with higher tariffs and the retaliatory Tarriffs of other countries will drive prices up everywhere here .

• Academic and governmental studies find the Trump-Biden tariffs have raised prices and reduced output and employment, producing a net negative impact on the US economy.

It wasn’t Biden Tarriffs it was Trumps he kept some in place during his term . If ppl think food and other utilities are expensive now wait till this clown actually goes through with the new Tariffs the ones every economic expert warned him against during his campaign . He knows this ,he also knows he needed more lies to win an election because he knows he’s not in power to lower food prices it’s dependent on things outside his control but he can further raise prices which will happen.

Americans on average just like being punched in the face and asking fir more it’s the dumbed down era over here it’s how we got a Trump and Vance in power ,only in America could this happen an entire country that rallies around an idea but haven’t a clue what the actual rally means . Lol

 

[Tabarnakos]

25 % confirmed for Canada and Mexico starting at midnight tonight. And according to El Don there are no way for Canada and Mexico to avoid it at this point

Trump says 25 per cent tariffs will go ahead and 'no room left' for deal with Canada

Canada is bracing for a decision from U.S. President Donald Trump on levying tariffs, as the clocks ticks down on a 30-day reprieve.

nationalpost.com

 

[Tabarnakos]

Let's go Dougy !! Go get them

 

[Tabarnakos]

EU is next btw

https://www.reuters.com/markets/europe/us-tariffs-will-likely-dent-growth-prospects-central-europe-sp-global-says-2025-03-03/

This shows that the whole "They must secure the border" reason is junk because as far as i know the EU doesn't share a border with the U.S. What should they do ? Secure the Atlantic ocean ?

The truth is that it's all about Trump giving himself leverage in any future trade negotiations. That's what the true goal of the tarrifs really are. It's economic bullying no more no less.

 

[Zazen]

25 % confirmed for Canada and Mexico starting at midnight tonight. And according to El Don there are no way for Canada and Mexico to avoid it at this point

Trump says 25 per cent tariffs will go ahead and 'no room left' for deal with Canada

Canada is bracing for a decision from U.S. President Donald Trump on levying tariffs, as the clocks ticks down on a 30-day reprieve.

nationalpost.com

Even if he drops it the volatility in the market is going to have consequences. People can’t function properly in all of this chaos, companies will prepare weeks in advance and it’s hard to reverse course. Not only that but Canadians are pissed

 

[Tabarnakos]

Even if he drops it the volatility in the market is going to have consequences. People can’t function properly in all of this chaos, companies will prepare weeks in advance and it’s hard to reverse course. Not only that but Canadians are pissed

Indeed. This is a trade war that has no reason to be. None whatsoever.

I think that eventually this is gonna backfire badly for the Trump administration when Americans starts footing the bill for this.

 

[jefferz]

​

Farmers better buckle up, it's going to get rough



President Trump says he'll put tariffs farmer's exports which Farmers Union president says "makes things worse"

In a post on Truth Social, President Donald Trump says he plans to place tariffs on the goods farmers export starting April 2.

Minnesota Farmers Union President Gary Wertish says farming involves enough uncertainty and this only makes it worse.

"You know, farmers are very used to dealing with weather in the markets to some extent, things that are out of the farmer's control, that we have no control over," says Wertish. "We don't need the government throwing another thing that's all completely out of our control into the mix."

The message posted to Truth Social on Monday from the president says:

"To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States. Tariffs will go on external product on April 2nd. Have fun!"

Wertish says Minnesota soybean and corn farmers will be especially hard hit. He says the move also destroys America's reliability as a trading partner with other countries, adding it's simply bad business.

"You know, the big damage is, it's destroying our reliability as a trading partner," Wertish says reacting to the president's post on Monday afternoon. "We signed various trade agreements in the past and if we're not upholding our end of the bargain, it really destroys our reliability as a trading partner and and that's the long term damage."

For American farmers, exports accounted for approximately $178.7 billion in 2023.

"Well, it sounds good, it sounds just great, but at the same time, you know, Minnesota and our farmers, we raise more than we can than we can consume locally," Wertish explains. "The markets just don't appear overnight. That's why we, whether it's crops for livestock, we're raising and growing more than we can consume locally and we rely on export markets. Putting a tariff on the export markets really does hurt farmers.

Wertish explains that farmers see this as a tax, both on exports and imports including things like potash which is a soil nutrient Minnesota farmers mostly get from Canada, and cannot get locally.

He also says blanket tariffs could be enough to push some farms out of business.

"Any damage that we do by losing the markets, it puts further downward pressure on our market that the farmer can get," Wertish says.