Economy Trump's April 2nd Tariffs

[Andy Capp]

of you? mines may not always be a great option but going to school never hurts.

That one could be a typo--not even Captain Pedantic gives a shit about that. What cracked me up was his earlier post where he said, "...volume of contents..." and "...approximately slightly...."

 

[OldFashion]

The nuclear option China could take in trade war with the US
According to the US Treasury, in January, China held $761bn (£592bn) in American government bonds. This was second only to Japan (which holds more than $1 trillion) and nearly a tenth of all foreign-held US government debt.

Robin Brooks, senior fellow at the Brookings Institute, says the real figure is even higher – likely around $1 trillion – after accounting for the unknown sums that China holds via custody accounts in Europe.

If China embarked on a mass sale of its US treasuries, the value of the debt would plunge and yields would soar. This would drive up US government borrowing costs and hammer the public finances in a highly destabilising move.

 

[lowlife]

don't look now, but the bond market is starting to crack.

 

[Rod1]

It is more likely everyone gets rich, than a man gets pregnant.

Ill say what is the most dangerous belief not the most likely

 

[essie]

This feels like the end of the USA.

All that's going to happen is Trump will pretend got some kind of concession from Europe, tweet about how the woke bended the knee and now the golden age economy has begun, end the tariffs and the stock and economy will return to the Biden levels which he will now be able to take credit for and his supporters will say he used the art of the deal and he's a genius.

 

[Darkavius]

Best of luck, brother.
Much love from Canada and I hope you guys can get rid of that cocksucker sooner than later, the world would be better for it. (through legal means of course)

It all depends on how the corporate community responds in America. There are already GOP members who cannot host town halls efficiently, but if corporate America comes down on Trump it's over I think. They are hesitant partly because they can weather a decent sized storm so they can sit it out and see what happens longer than most. You bring up a point though, let's say Trump is gone. Who is viable enough to be considered a leader? It definitely won't be anyone from the GOP and I am not sure any Liberal Dems would be viable either.

The first thought would likely be Bernie but Corporate America and rich people would hate that because part of the reason it's so messy now is because the rich do not want to pay taxes, and they get massive government subsidies.

 

[PEB]

This feels like the end of the USA. Life is going to get so much harder for everyone. I expect protests to get absolutely massive soon and there may actually be violence. Something like 60% of Americans can't afford a 500 dollar emergency fund and now we're going to pay double on nearly everything we buy. LOL we are so absolutely fucked. Poverty will increase and as a result more crime will occur as people get desperate. I'll be surprised if Trump doesn't have more attempts on his life soon honestly, possibly even from within. This is apocalyptic levels of destruction. We cannot sustain this.

Trump put up the fencing after Jan 6 that was up for I think a few months he has it back up again. Funny it was put up to stop insurrection violence and Biden took it down now it's back up again. This is not a good sign.

 

[Fanu]

JD Vance, don't you have more important things to do than posting on Sherdog?

which part of my post do you disagree with? Chinese and US citizens aren't in the same position, one is much better prepared for poverty life than the other
guess which?

 

[aerius]

don't look now, but the bond market is starting to crack.

I'm not surprised, there's a shitload of US debt coming due this year and interest rates aren't zeroed out anymore.

 

[bongwater]

Those European rats must pay!

 

[K1levelgrappler]

Oh word?

 

[PEB]

A Republican called Mike Johnson evil "I rebuke you in the name of Jesus". You know that had to go over great with supposedly religious Mike Johnson please Mike about as religious as Donald.

 

[Rob Battisti]

For businesses against the tariffs I don't think it's a bad idea.

A lot of receipts here still show how much of a purchase is VAT.

The point is, they are passing down 100% of the cost to the consumer while maintaining enormous profit margins. If the transparency was there, showing that the corporation is still crushing the margin, I don’t think they’d be so glib.

 

[Rob Battisti]

Lmao, yeah, not the trump voters...

Trump won. Democrats lost. Why do you think that is?

 

[Rob Battisti]

Shit I would rather have this. Most places are going to hide the tariffs within price increases which can really get underhanded. Ain't nothing wrong with explicitly showing what is resulting in the final price. Plus additional costs like taxes and surcharges are usually itemized on a receipt. Nothing too out of the ordinary here. Anybody calling the BS just sounds like they don't want people to know how bad they are getting fucked here.

You’d rather be charged more than to know how much profit the corporation is making off you?

 

[PEB]

Lets see how the billionaires who attended Trump's Inauguration Gala are doing. Last change is a one day drop the YTD means year to date since the beginning of the year. So far they are down 356 billion dollars since the begging of the year.

 

[Hellowhosthat]

The point is, they are passing down 100% of the cost to the consumer while maintaining enormous profit margins. If the transparency was there, showing that the corporation is still crushing the margin, I don’t think they’d be so glib.

On the plus side though it should allow people to hold companies accountable if they keep things the same price if the tariffs change as companies quite often get tempted to do.

 

[Rational Poster]

Trump won. Democrats lost. Why do you think that is?

Bitcoin doing even worse than the stock market YTD, your whole reason for voting Trump. Why do you think that is?

 

[lowlife]

I'm not surprised, there's a shitload of US debt coming due this year and interest rates aren't zeroed out anymore.

So much for lowering debt.

 

[mkess101]

The point is, they are passing down 100% of the cost to the consumer while maintaining enormous profit margins. If the transparency was there, showing that the corporation is still crushing the margin, I don’t think they’d be so glib.

IMO the main issue with this is that corporations already have every trick in the book to hide profits from professionals who's job it is to suss out that type of stuff. I'm pretty sure Joe Sixpack isn't gonna get any meaningful sort of transparency when it comes to profit margin being shown to him and then he believes what he's shown anyway and the opposite of transparency is what we get.

Man...I'm so cynical now that I'm old LOL.