Economy Trump's April 2nd Tariffs

[Hellowhosthat]

The same people crying about these tarrifs are the same people who said that the vaccine would stop the spread and that Ukraine was winning the war.

Donald Trump said the vaccine would stop the spread

 

[650lb Sumo]

Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturn

www.theguardian.com

Global financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.

As world leaders reacted to the US president’s 'liberation day' tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street and share prices in other financial centres across the globe.

Experts said Trump’s sweeping border taxes of between 10% and 50% on the US’s traditional allies and enemies alike had dramatically added to the risk of a steep global downturn and a recession in the world’s biggest economy.

World leaders from Brussels to Beijing rounded on Trump, with China condemning 'unilateral bullying' practices and the EU saying it was drawing up countermeasures.

 

[BFoe]

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?

It doesn’t make sense other than as the start to a negotiation process.

I think the tariffs really serve 2 general purposes:

1. Generate additional revenue to partially offset the absolutely massive tax cuts these billionaires are about to give themselves. Even they know that they cant just have it all added to the debt. Tariffs on everything under the sun, along with DOGE slashing and burning, is to offset those tax cuts.
2. They are engineering an economic collapse. They are doing that so that after the inevitable sell off of stocks, foreclosures of property, etc., these rich fucks can swoop in and buy it up at bargain basement prices.

I don’t think there’s any more justification for the system they used to calculate tariffs than that. They used some sloppy numbers they thought they could get away with to justify the largest tariffs possible.

This is a plan to absolutely reshape America into a country controlled by them. That’s it.

 

[HockeyBjj]

Can't wait until retailers jack up the prices of stuff made in the US and blame the tariffs.

This is going to be happening everywhere

 

[lowlife]

I think the tariffs really serve 2 general purposes:

1. Generate additional revenue to partially offset the absolutely massive tax cuts these billionaires are about to give themselves. Even they know that they cant just have it all added to the debt. Tariffs on everything under the sun, along with DOGE slashing and burning, is to offset those tax cuts.
2. They are engineering an economic collapse. They are doing that so that after the inevitable sell off of stocks, foreclosures of property, etc., these rich fucks can swoop in and buy it up at bargain basement prices.

I don’t think there’s any more justification for the system they used to calculate tariffs than that. They used some sloppy numbers they thought they could get away with to justify the largest tariffs possible.

This is a plan to absolutely reshape America into a country controlled by them. That’s it.

I agree it's malicious, and clearly none of his fans in here can make any real case for why this should "work."

 

[Rod1]

Depressing as fuck.

 

[ShadowRun]

When even the hall of fame Trump meat riders can't muster up the energy anymore to spin some narrative to defend their orange daddy you know you fucked up lol

He usually calls out Trump.

I agree with most of Bens points though. I am not sure this is a good tactic for Trump to do. The dems would love if it recession happens and this could bring us that direction. I think hes just flexing and will get a few countries to give in and will withdraw but who knows. To me I think it's the wrong move honestly. I think there are some countries who we don't have negative trading with being effected by this, also not to mention messing with investments since they can't predict the response. As we see with the markets tumbling down.

 

[Rod1]

Can't wait until retailers jack up the prices of stuff made in the US and blame the tariffs.

A shitload of stuff "made in the US" is still made in part with foreign inputs.

American cars have like half of foreign content.

 

[Rod1]

The dems would love if it recession happens

Unlike MAGAtards, most Dems don't like to suffer just so that they can blame the other side.

 

[AWilder]

Thanks. Gonna save me the time from ever responding to you or taking you at face value in the future. In fact, I've made far too little use of the ignore function. Bye

Nah, don't ignore him, he's wrong about everything. Pretty incredible really.

 

[PeterGriffin]

Well because of fucktards like you, measles is back, you anti-science bible thumping retard.
Can't wait for polio to return.

Well, to be fair, it seems like the problem is also the solution.

 

[aerius]

I'll throw in my 2 cents on tariffs. Tariffs are actually a good thing when applied in an intelligent and logical way, as was done by Britain during the industrial revolution and the US from the mid 1800s to around 1950 or so. When done properly it encourages domestic investment in production & technology, but there are certain conditions which have to be met to make things work.

The first condition is we need to have existing production in our country for the stuff were tariffing. For example, the US has no domestic production of titanium or any sources of it on our land so putting tariffs on Chinese & Russian titanium isn't going to create any jobs or production in the US, all it'll do is make everything more expensive for our aerospace companies. Tariffs on machine tools on the other hand would make sense since US has several domestic manufacturers but they can't compete against the cheap stuff from China. What we could do in that case is put a small 5% tariff on machine tools from friendly nations such as Japan & Germany while hitting China with 100% tariff on their tools. At the same time we offer some buy American subsidies to encourage domestic investment & production of machine tools, over time, this will increase domestic production and bring costs down while creating well paying jobs for Americans.

Next, we have to decide which parts of our economy are worth investing in and which parts can be left to other nations. For instance, does it make sense to make toilet brushes in the US or is it better to let China make it for cheap and import it for a dollar? For some things it'll be obvious, anything related to the defence industry should be 100% domestic from start to finish, aerospace is the same, but for stuff like computers or consumer electronics there's an argument to be made either way.

We then go through every sector of our economy like this and apply the tariffs accordingly against various nations. This was an important part of how Britain and the US became industrial superpowers, both nations figured out what was important to their industry & economies and applied tariffs accordingly to encourage investment and improve production & quality. That's the right way to do it. Trump's throwing shit at a wall tariffs are going to be a failure since they don't take any of the above into account.

 

[idrankyourbeer]

Well because of fucktards like you, measles is back, you anti-science bible thumping retard.
Can't wait for polio to return.

why are you wasting your time replying to this handitard? he's on his 8'th account lol. obviously his trolling game is dog shit.

This is like your seventh or eighth account. I've lost track. It isn't worth the time. Kick rocks back to the Heavies.

 

[lowlife]

I'll throw in my 2 cents on tariffs. Tariffs are actually a good thing when applied in an intelligent and logical way, as was done by Britain during the industrial revolution and the US from the mid 1800s to around 1950 or so. When done properly it encourages domestic investment in production & technology, but there are certain conditions which have to be met to make things work.

The first condition is we need to have existing production in our country for the stuff were tariffing. For example, the US has no domestic production of titanium or any sources of it on our land so putting tariffs on Chinese & Russian titanium isn't going to create any jobs or production in the US, all it'll do is make everything more expensive for our aerospace companies. Tariffs on machine tools on the other hand would make sense since US has several domestic manufacturers but they can't compete against the cheap stuff from China. What we could do in that case is put a small 5% tariff on machine tools from friendly nations such as Japan & Germany while hitting China with 100% tariff on their tools. At the same time we offer some buy American subsidies to encourage domestic investment & production of machine tools, over time, this will increase domestic production and bring costs down while creating well paying jobs for Americans.

Next, we have to decide which parts of our economy are worth investing in and which parts can be left to other nations. For instance, does it make sense to make toilet brushes in the US or is it better to let China make it for cheap and import it for a dollar? For some things it'll be obvious, anything related to the defence industry should be 100% domestic from start to finish, aerospace is the same, but for stuff like computers or consumer electronics there's an argument to be made either way.

We then go through every sector of our economy like this and apply the tariffs accordingly against various nations. This was an important part of how Britain and the US became industrial superpowers, both nations figured out what was important to their industry & economies and applied tariffs accordingly to encourage investment and improve production & quality. That's the right way to do it. Trump's throwing shit at a wall tariffs are going to be a failure since they don't take any of the above into account.

Good post, and much more logical.

 

[ShadowRun]

Unlike MAGAtards, most Dems don't like to suffer just so that they can blame the other side.

I would hope so , everyone should want the president to succeed no matter the party.

 

[Phisher]

Well because of fucktards like you, measles is back, you anti-science bible thumping retard.
Can't wait for polio to return.

LOL The measles resurgence is just the beginning too.

Rogan and the rest of the batshit crazy conservative influencers are now claiming that no vaccine in history has ever been effective.

Kids will be suffering from paralytic polio again in a few years.

 

[lowlife]

why are you wasting your time replying to this handitard? he's on his 8'th account lol. obviously his trolling game is dog shit.

There's a handful of posters in here that are an absolute waste of time to interact with.

 

[ShadowRun]

I'll throw in my 2 cents on tariffs. Tariffs are actually a good thing when applied in an intelligent and logical way, as was done by Britain during the industrial revolution and the US from the mid 1800s to around 1950 or so. When done properly it encourages domestic investment in production & technology, but there are certain conditions which have to be met to make things work.

The first condition is we need to have existing production in our country for the stuff were tariffing. For example, the US has no domestic production of titanium or any sources of it on our land so putting tariffs on Chinese & Russian titanium isn't going to create any jobs or production in the US, all it'll do is make everything more expensive for our aerospace companies. Tariffs on machine tools on the other hand would make sense since US has several domestic manufacturers but they can't compete against the cheap stuff from China. What we could do in that case is put a small 5% tariff on machine tools from friendly nations such as Japan & Germany while hitting China with 100% tariff on their tools. At the same time we offer some buy American subsidies to encourage domestic investment & production of machine tools, over time, this will increase domestic production and bring costs down while creating well paying jobs for Americans.

Next, we have to decide which parts of our economy are worth investing in and which parts can be left to other nations. For instance, does it make sense to make toilet brushes in the US or is it better to let China make it for cheap and import it for a dollar? For some things it'll be obvious, anything related to the defence industry should be 100% domestic from start to finish, aerospace is the same, but for stuff like computers or consumer electronics there's an argument to be made either way.

We then go through every sector of our economy like this and apply the tariffs accordingly against various nations. This was an important part of how Britain and the US became industrial superpowers, both nations figured out what was important to their industry & economies and applied tariffs accordingly to encourage investment and improve production & quality. That's the right way to do it. Trump's throwing shit at a wall tariffs are going to be a failure since they don't take any of the above into account.

Quality post

 

[Siver!]

Can't wait until retailers jack up the prices of stuff made in the US and blame the tariffs.

I mean, the reason countries import products from elsewhere is literally price.

The US is big enough to have it's own manufacturing industry, but it certainly can't afford to manufacture everything - nor should it want to.

It doesn't even make sense.

It would literally be the most expensive place in the world unless you're gonna find some good US-born citizens prepared to compete with wages in Bangladeshi sweatshops.

 

[BFoe]

I'll throw in my 2 cents on tariffs. Tariffs are actually a good thing when applied in an intelligent and logical way, as was done by Britain during the industrial revolution and the US from the mid 1800s to around 1950 or so. When done properly it encourages domestic investment in production & technology, but there are certain conditions which have to be met to make things work.

The first condition is we need to have existing production in our country for the stuff were tariffing. For example, the US has no domestic production of titanium or any sources of it on our land so putting tariffs on Chinese & Russian titanium isn't going to create any jobs or production in the US, all it'll do is make everything more expensive for our aerospace companies. Tariffs on machine tools on the other hand would make sense since US has several domestic manufacturers but they can't compete against the cheap stuff from China. What we could do in that case is put a small 5% tariff on machine tools from friendly nations such as Japan & Germany while hitting China with 100% tariff on their tools. At the same time we offer some buy American subsidies to encourage domestic investment & production of machine tools, over time, this will increase domestic production and bring costs down while creating well paying jobs for Americans.

Next, we have to decide which parts of our economy are worth investing in and which parts can be left to other nations. For instance, does it make sense to make toilet brushes in the US or is it better to let China make it for cheap and import it for a dollar? For some things it'll be obvious, anything related to the defence industry should be 100% domestic from start to finish, aerospace is the same, but for stuff like computers or consumer electronics there's an argument to be made either way.

We then go through every sector of our economy like this and apply the tariffs accordingly against various nations. This was an important part of how Britain and the US became industrial superpowers, both nations figured out what was important to their industry & economies and applied tariffs accordingly to encourage investment and improve production & quality. That's the right way to do it. Trump's throwing shit at a wall tariffs are going to be a failure since they don't take any of the above into account.

Great post, and I completely agree.