Economy Trump's April 2nd Tariffs

[Rob Battisti]

To be fair we would be seeing different % if Trump didn't hit that pause on the world tariffs, followed by some exemptions or exceptions whatever he wants to call it lol

He’s a madman but I don’t play in hypotheticals

 

[nixkid]

The tariffs are designed to protect the consumers from the greedy corporations. These tarrifs don’t really affect China in the negative way that the news is reporting. Corporate greed, so surprising, not!

It's more like $25 to make an $100 shoe not $10.

He is also ignoring all the other costs. They have to ship the shoes to America, they have to pay insurance on the freight since they ship massive quantities of shoes at a time, they have marketing costs, Nike has to pay salary and wages for their 80,000 employees.

Sometimes they don't sell the shoes directly to the consumer. Instead, they sell to a retailer at wholesale prices. In that case, they are not receiving $100 for a show with a $100 MSRP.

When they do sell the shoes directly to the consumer (in a Nike store or online). They have similar costs as a retailer. They have to maintain storefronts, pay rent or other real estate costs, they have pay to store inventory in warehouses, they have to pay to ship shoes between warehouses and store (or even from stores to other stores) to keep their stores supplied. They have to manage inventory which can require them to reduce stock of certain models to make room for newer ones. That means some shoes will be sold at a discount and well below the MSRP.

 

[MrShady]

He’s a madman but I don’t play in hypotheticals

I got you brah.

But reality shows, markets tanked. Then relief came by news of pause. Then more relief came by news of exemptions.

More relief coming by news of auto tariff exemptions



So basically, he is untariffing his liberation day tariffs one exemption and pause at a time

 

[BEAST]

You guy? Whose guy?

lol Meant guys

 

[10000yearsold]

Crayons will be an adequate substitution if need be

I love crayons. I have crayola color ever made chromatically organized and am in discussions of being the greatest Crayola crayon painter in the world. They are my discussions but it’s going well.

 

[Rod1]

It's more like $25 to make an $100 shoe not $10.

He is also ignoring all the other costs. They have to ship the shoes to America, they have to pay insurance on the freight since they ship massive quantities of shoes at a time, they have marketing costs, Nike has to pay salary and wages for their 80,000 employees.

Sometimes they don't sell the shoes directly to the consumer. Instead, they sell to a retailer at wholesale prices. In that case, they are not receiving $100 for a show with a $100 MSRP.

When they do sell the shoes directly to the consumer (in a Nike store or online). They have similar costs as a retailer. They have to maintain storefronts, pay rent or other real estate costs, they have pay to store inventory in warehouses, they have to pay to ship shoes between warehouses and store (or even from stores to other stores) to keep their stores supplied. They have to manage inventory which can require them to reduce stock of certain models to make room for newer ones. That means some shoes will be sold at a discount and well below the MSRP.

He also says that they will need to absorb the price or get priced out... priced out by whom exactly? American shoemakers that are also making them at $10 who are they?

 

[AdamWarlock]

Market is down 2% in a month.

The sky is falling!

just wait a few months when inflation skyrocket, price increase etc. right now it's still too early to predict. there are bounce backs even in a downward trend. we are at the tail end of a 5 waves upward trend. last 5 years already rose in accelerating speed that's a tell tale sign it's about to reach the ceiling.

 

[Rob Battisti]

just wait a few months when inflation skyrocket, price increase etc. right now it's still too early to predict. there are bounce backs even in a downward trend. we are at the tail end of a 5 waves upward trend. last 5 years already rose in accelerating speed that's a tell tale sign it's about to reach the ceiling.

You’re the one who literally was chicken little last week.

 

[Crazy Source]

I got you brah.

But reality shows, markets tanked. Then relief came by news of pause. Then more relief came by news of exemptions.

More relief coming by news of auto tariff exemptions



So basically, he is untariffing his liberation day tariffs one exemption and pause at a time

Blatant market manipulation.

 

[44nutman]

MSN

MTG bought stock like most of other of Trumps Allies and Oligarch buddies right before Trump announced the Tariff pause.


Good news is now MTG can afford that horse meat Ubereem was on.

 

[Otto!]

I want to buy stock from companies that produce goods for penguins. Solidarity FTW!

 

[AdamWarlock]

You’re the one who literally was chicken little last week.

you see a 4 percent jump in a week and now literally it's heaven on earth. if you are so confident then keep buying, go all in for all i care. let's' see how it goes in a month.
meanwhile the bond market and the dollar are shitting the bed.

oh by the way trump is obviously manipulating the market by constantly flip flopping on his policies, so good for trump using the entire US economy for his insider trading

 

[Rob Battisti]

you see a 4 percent jump in a week and now literally it's heaven on earth. if you are so confident then keep buying, go all in for all i care. let's' see how it goes in a month.
meanwhile the bond market and the dollar are shitting the bed.

oh by the way trump is obviously manipulating the market by constantly flip flopping on his policies, so good for trump using the entire US economy for his insider trading

I see the markets down by 2% in a month, global liquidity skyrocketing and the Fed about to cut rates.

 

[PEB]

Not starting a new thread but found this interesting.

No doubt his daddy will fix this as Tesla cars start to drive into walls.

"
Tesla (TSLA) has to replace the ‘self-driving’ computer inside about 4 million vehicles or likely compensate the owners of those vehicles.

The liability could be more significant than the largest automotive recall in terms of cost."

Tesla (TSLA) has to replace computer in ~4 million cars or compensate their owners

Tesla (TSLA) has to replace the ‘self-driving’ computer inside about 4 million vehicles or likely compensate the owners of those...

electrek.co

 

[AWilder]

i thought they were designed to bring manufacturing back?, and also to punish other countries, which is it?

Remember when it was about fentanyl?

 

[pinger]

Remember when it was about fentanyl?

And immigration. We saw how important that was when he worked out they worked in his hotels

 

[Zazen]

China will no longer buy our beef. They will double down on importing it from Australia and New Zealand. China going all out on this trade war. The thing is they’re still giving USA a chance to make it up but Trump would rather ruin the country than allow for that to happen. Honestly don’t even feel bad. Farmers got fucked in his first term and now they’ll get fucked even harder. They still showed up and voted for him again. Major education problem in this country and it looks like it will be our downfall. I’m glad the world is moving on without the USA. Imagine being the envy of the world, the most powerful nation on earth that gets everything for cheap because we have the wealth to not want those awful jobs and throwing it all away for nothing LOL. Dumbest self inflicted decline I’ve ever seen.

 

[Fanu]

 

[curryjunkie]

China will no longer buy our beef. They will double down on importing it from Australia and New Zealand. China going all out on this trade war. The thing is they’re still giving USA a chance to make it up but Trump would rather ruin the country than allow for that to happen. Honestly don’t even feel bad. Farmers got fucked in his first term and now they’ll get fucked even harder. They still showed up and voted for him again. Major education problem in this country and it looks like it will be our downfall. I’m glad the world is moving on without the USA. Imagine being the envy of the world, the most powerful nation on earth that gets everything for cheap because we have the wealth to not want those awful jobs and throwing it all away for nothing LOL. Dumbest self inflicted decline I’ve ever seen.

Was listening to a podcast where they were discussing focus groups of trump voters on this issue, a good portion of them stated " well at least he's doing something to try to fix bidens mess!"

 

[Cid]

Considering how much money is at stake here and the warnings it was coming it's reasonable to assume China tasked dozens if not hundreds of professionals within the country to formulate strategies and war plan scenarios, responses, how to impact maximum damage while minimizing damage received from tariffs.

Thousands upon thousand of hours of work and research, analysis, relative strengths weaknesses etc.

Then Trump comes out with a piece of cardboard and a plan that looks like an intern punched it into chatGPT the day before.