Economy Trump's April 2nd Tariffs

[Boxiana]

Can anyone provide a legitimate pro tariff argument/explanation?

Chinese government subsidies e.g. steel production and dumps it on US market to weaken it. Tariffs would be an appropriate response.

 

[NickNick]

Can anyone provide a legitimate pro tariff argument/explanation?

Usually it's one of the following:

1. IT WILL BRING JOBS HERE AND INCREASE SALES ON AMERICAN GOODS

2. WELL IF THEY DON'T LIKE IT, DON'T TARIFF US

There is a tiny bit of merit to #1 but it's a terrible way of going about doing it and causes more harm than good. Number #2 is straight bullshit because the numbers from Trump's chart yesterday were not amounts the other countries are tariff'ing us, they were trade deficit percentages.

 

[Jar of Flies]

Funny how Russia isn’t getting tariffed.

 

[curryjunkie]

Even the dollar is tanking



At this point I hope we only have a recession. Depression might be on the table if no one can make him flip flop sooner rather than later.

that economist varoufakis reckons this is the end goal, lowering the value of the dollar. he also states its a very risky strategy.

 

[OldFashion]

imagine if the rest of the world just stopped putting tariffs on American goods........

imagine if you had an above room temperature IQ...

 

[CubicleGangster]

Those were specific targeted tariffs (electric vehicles, solar panels, battery components, and semi conductors) against a single country where the goods in question are in an industry that America is already producing domestically.

No one here is saying all tarrifs are bad. Blanket all industry tariffs against many multiple nations? That's the fucking problem.

But hey. You found a soundbite you thought looked good when you didn't think about it too hard. Good job. This is how Trump was able to get people like you to vote for him against your own interests.

You're explaining this to an idiot who only reposts Twitter links. Save your time and energy.

 

[Rod1]

LOL @ people saying they just won't sell in America anymore.

good luck with that.

They will still sell in America, they will just raise the prices to pay off for this unlegislated tax.

 

[HockeyBjj]

You're explaining this to an idiot who only reposts Twitter links. Save your time and energy.

Other people will pass by and see it. @lowlife asked a legitimate question a few posts up this would also answer

 

[Fedor>Cain]

Look on the bright side, guys: once the economy becomes FUBAR, Trump will almost certainly start a war with Iran to distract public opinion.

Hopefully Trump has a heart attack or goes into a diabetic coma before then

 

[lowlife]

pro tarrifs in general or pro these tarrifs? There's no logical explanation to these tarrifs. Just the way they calculated them is beyond retarded and doesn't make any sense no matter from which angle you look at it. It's like one of those 20 year old Musk hirees typed some random shit into chatgpt and that's how they came up with the formular. Also, all of the supposed tarrifs other countries have against the US are 100% made up lmao.

These specific tariffs including the decision making behind the implementation and amounts. None of it makes sense to me or anyone I know or follow, so I'd really like to hear the plan explained.

 

[OldFashion]

They will still sell in America, they will just raise the prices to pay off for this unlegislated tax.

american importers pay the tariffs and american sellers will raise the prices which american consumers will have to pay

 

[Rational Poster]

Chinese government subsidies e.g. steel production and dumps it on US market to weaken it. Tariffs would be an appropriate response.

American subsidizes industries by tens of billions every year, in that context their tariffs on US goods are also fair.

 

[KnightTemplar]

Hopefully Trump has a heart attack or goes into a diabetic coma before then

Given his diet and lifestyle, I'm amazed he's still alive.

 

[BEAST]

Imagine thinking that was the same.
Just yikes.

 

[Khaosan]

a few eggs gotta break to make a omelette.

Your brain is as smooth as one.

 

[lowlife]

Usually it's one of the following:

1. IT WILL BRING JOBS HERE AND INCREASE SALES ON AMERICAN GOODS

2. WELL IF THEY DON'T LIKE IT, DON'T TARIFF US

There is a tiny bit of merit to #1 but it's a terrible way of going about doing it and causes more harm than good. Number #2 is straight bullshit because the numbers from Trump's chart yesterday were not amounts the other countries are tariff'ing us, they were trade deficit percentages.

Yes that's all I've heard but that doesn't really explain anything or say anything of substance. How viable is making this country a manufacturing hub at this point, and how much money/time would that even take? How can you even commit to something like that if there's a distinct possibility the very next administration will undo all of it. Unless of course there's something I'm missing here.

 

[lowlife]

Chinese government subsidies e.g. steel production and dumps it on US market to weaken it. Tariffs would be an appropriate response.

That's a single industry and single trade partner, I'm looking for an explanation of the entire plan including the blanket tariffs and someone please help me understand why they used that method to come up with the amounts?

 

[Old Man]

If he was slightly more competent he could have successfully installed himself as the Supreme Ruler. However, since he never met an organization or person that he didn't run into the ground, he may be destroying his shot at being the Overlord. The American people have shown themselves to be complete imbeciles, but their disappearing 401(k)s might be too much to bear.

 

[NickNick]

Yes that's all I've heard but that doesn't really explain anything or say anything of substance. How viable is making this country a manufacturing hub at this point, and how much money/time would that even take? How can you even commit to something like that if there's a distinct possibility the very next administration will undo all of it. Unless of course there's something I'm missing here.

You're not missing anything. Companies cannot shit out a new factory next week to stand up manufacturing here. Just planning something like that takes years. They are far more likely to raise prices to offset the tariffs and wait until the next administration rolls back the tariffs. But prices won't go back, they never do. The only wild card is if this drives us into a recession/depression and people just cannot afford to live anymore. At that point the billionaires will buy up the whats left of the destruction for pennies on the dollar.

 

[BEAST]

please help me understand why they used that method to come up with the amounts?

The Trump admin have small brains and fetal alcohol syndrome.