Economy Trump's April 2nd Tariffs

[idrankyourbeer]

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not the only difference between them. not only would their molester messiah charge the culties for his kool aid, but he would also find a way to bankrupt his lemonade stand.

 

[mkess101]

Okay.

But when the entire world has blanket tariffs on us do you feel the slightest bit disadvantaged?

Acknowledge your point on trade deficit vs tariffs.

Take one example, say the automobiles. Are we playing on a level field?

Tanking the global economy helps...how?

"They'll be hurt worse than we are!" Sweet, and when they're economies are in the absolute shitter (as will ours be, even if not as much) then how exactly will we be exporting to them when they're broke?

He's taken something that should be used in a reserved, extremely targeted way and gone nuclear with it. Yes, we are gonna have higher and more far reaching tarriffs placed on us than vice versa. That's part and parcel of being the most wealthy nation--you consume way more than you make. And you pay a premium for it. If things get way out of whack, yes you make policy decisions to correct that but you don't detonate a warhead on the global economy to "show everyone we won't subsidize them anymore".

How we need to have this conversation in 2025 is beyond me.

 

[heloder]

We've lost all of what we used to lead the world at and gained nothing.

You have zero knowledge of our economy, do you? This is the inevitable result of free market Capitalism. Input and labor costs get shifted to wherever is cheapest so that profits can be maximized. This means moving manufacturing out of the country. These are things that Republicans have historically supported.

So then, where did all the wealth from these increased profits go? It was properly taxed and those taxes were then used to improve infrastructure and social programs, right?

lol, no.

They were not properly taxed. A few thousand people became absurdly wealthy, and the taxes that were collected mostly went to killing brown people overseas. These are things that Republicans have historically supported.

The entire goal of our economy since the 70s has been to push the cost and quality of goods down, so that the lower and middle classes could have wages pushed down, so that more and more of the wealth could be shifted up.

I love how you're sitting there acting like this all happened in a vacuum, and wasn't at the forefront of GOP policy for the last 50 years. The only thing funnier than that is you thinking Donald fucking Trump is interested in or capable of fixing it. This motherfucker is literally the last guy on Earth a sane person would choose for that task. He's spent his entire life in full support of the system you seem to (now, apparently) hate and want replaced.

And that's not even getting into the stupidity of these tariffs, which @Brampton_Boy touched on in this thread. If they're a negotiating tactic, then they will never work, because the threat of tariffs itself will not convince manufacturing to return to the US (and even if it did—it would only work temporarily, because no company is going to be interested in destroying their sales or profit margin just to have "Made in the USA" printed on their shit once Trump or whomever else is in charge removes said tariffs.)

And if the tariffs are permanent (which they aren't), then prices on goods in this country are going to sky-rocket, and nobody is going to be able to afford shit unless their wages are significantly increased. So who's going to significantly increase wages? The companies who are broke because they just had to invest hundreds of millions, or billions, into new manufacturing capacity in the US?

This is just a tiny fraction of all the issues at play here. I haven't even touched on automation and how that will massively affect manufacturing and labor in the coming decades.

 

[Crazy Source]

Okay.

But when the entire world has blanket tariffs on us do you feel the slightest bit disadvantaged?

Acknowledge your point on trade deficit vs tariffs.

Take one example, say the automobiles. Are we playing on a level field?

$3000-$5000 + bump on cars.

 

[HockeyBjj]

I been saying no matter what people say Elon through his satellites in space to handle a huge amount of rural areas internet. He could affect election results by controlling the data he even joked about I would not trust voting machines. That should have been a huge red flag for people. Even better thanks to Biden the nearly 3 billion has been appropriated no need to go through a messy budget debate.

Please don’t peddle in this. Voting machines are not connected to the internet.

 

[Stoic1]

Tanking the global economy helps...how?

"They'll be hurt worse than we are!" Sweet, and when they're economies are in the absolute shitter (as will ours be, even if not as much) then how exactly will we be exporting to them when they're broke?

He's taken something that should be used in a reserved, extremely targeted way and gone nuclear with it. Yes, we are gonna have higher and more far reaching tarriffs placed on us than vice versa. That's part and parcel of being the most wealthy nation--you consume way more than you make. And you pay a premium for it. If things get way out of whack, yes you make policy decisions to correct that but you don't detonate a warhead on the global economy to "show everyone we won't subsidize them anymore".

How we need to have this conversation in 2025 is beyond me.

You you are clearly more knowledgeable than the rest of us. Please explain how YOU would have balanced our trade deficit. It's easy to criticize other but very difficult to cone up with solutions. Use specific metrics. Because I think things are, as you say, "way out of whack".

I honestly do not think these tariffs are long term or permanent. I think they are just a lever of power to rebalanced the scales. Additionally, I think Mexico and Canada are going to tighten up their borders rather quickly.

I feel like the status quo was bleeding us dry. Particularly in thing like manufacturing capability and raw resources while leveraging our reliance on foreign countries way too much.

I'm saying all of this feeling the weight on my investment portfolios. I've lost several hundred thousand dollars across my TSP, IRAs, Roth IRAs, and my kids 529. Believe me, I'm not thrilled but I think for America's future we are going to make some changes.

Back to the original question. What is the RIGHT way to fix things? Easy to point out flaws. Difficult to cone up with solutions

 

[Brampton_Boy]

Okay.

But when the entire world has blanket tariffs on us do you feel the slightest bit disadvantaged?

Acknowledge your point on trade deficit vs tariffs.

Take one example, say the automobiles. Are we playing on a level field?

Take your automobile example - other countries have tariffs on USA automobiles to protect their domestic automotive industries. We have automotive tariffs on other countries to product our domestic auto manufacturers, which is why are market hasn't been flooded by cheap Chinese and Indian vehicles.

The term blanket tariff is a misnomer - tariffs are applied on specific products, or for specific industries, and the value of the tariff is a function of a multitude of factors. They are intended as strategic tool that require consideration of context specific circumstances. Nobody is blanket tariffing the US - The EU as an example had an average tariff rate of 3% on American Goods.

America has not been disadvantaged because of tariffs. People become really fixated on the fact that America lost manufacturing jobs overseas as a result of globalization (other countries had a comparative advantage in terms of labor costs). However, they don't think about the amount of job creation that has come as a result of globalization - the financial and technical services industry has boomed as a result of globalization.

Globalization has caused a shift in what types of jobs are done and where they are located, but on aggregate, it has spurred the creation of new industries and resulted in rapid economic expansion and increased standards of living.

 

[Rod1]

But when the entire world has blanket tariffs on us do you feel the slightest bit disadvantaged?

The entirely world has blanket tariffs on the US?

 

[Anung Un Rama]

 

[mkess101]

You you are clearly more knowledgeable than the rest of us. Please explain how YOU would have balanced our trade deficit. It's easy to criticize other but very difficult to cone up with solutions. Use specific metrics. Because I think things are, as you say, "way out of whack".

I honestly do not think these tariffs are long term or permanent. I think they are just a lever of power to rebalanced the scales. Additionally, I think Mexico and Canada are going to tighten up their borders rather quickly.

I feel like the status quo was bleeding us dry. Particularly in thing like manufacturing capability and raw resources while leveraging our reliance on foreign countries way too much.

I'm saying all of this feeling the weight on my investment portfolios. I've lost several hundred thousand dollars across my TSP, IRAs, Roth IRAs, and my kids 529. Believe me, I'm not thrilled but I think for America's future we are going to make some changes.

Back to the original question. What is the RIGHT way to fix things? Easy to point out flaws. Difficult to cone up with solutions

Instead of listening to me...some random dude on a karate forum---why don't you look up what the OVERWHELMING majority of economists and business leaders are saying?

You're right, it's easy to point out flaws and more difficult to find solutions. The level to which our trade imbalance itself is a problem is even up for debate. That's fine YOU think it's "way out of whack". But again, as the most wealthy nation on earth, we naturally are going to consume MUCH more than we produce. So...when dropping a nuclear economic bomb on the global economy...shouldn't there be some very clear and SPECIFIC goals shared as the endgame? Not "we just need ta stop paying for everything for the whole world yo!" What SPECIFICALLY is the optimal end goal? As far as I've seen, we haven't gotten shit for an answer to that.

I'm not qualified to run Coca Cola, but through mutual funds etc I am an investor. Let's say they were losing market share to Pepsi at an unacceptable rate. And the CEO decided the solution was to start making Coke taste like puke. Do you think that because I don't have a plan myself to gain back market share, that disqualifies me as an investor from saying "Whoa...what the actual fuck??" Similarly, I'm not an expert on economic policy. I'm not qualified to make those type decisions. But as a citizen of this nation (and a human that live on this planet)...if I see something that pretty obviously looks like a terrible idea, you think I'm disqualified from saying so?

 

[Source]

- Hilarious. Trump is destryoing his own contrie by inside. Chinese cellphones are far better and cheaper than Appels anyway.

Define better? I break open a lot of phones. The Chinese ones are poorly constructed compared to an iPhone. The memory components they use are also typically much older tech.

 

[MrShady]

Lmaoo her rebuttal to a very serious question was "whatever" you can't make this shit up.

 

[Andy Capp]

lol true I do post a lot of Twitter stuff but it will be a headline of a new story with the link to the story or a video about the subject .
Meanwhile people post a long ass YouTube video with no cliffs or anything like that . Nothing in the post but a YT vid lol generally from a nobody “I just destroyed Trump for 58 minutes there’s no coming back “ lol , but it’s whatever . Instead of attacking the subject of the matter it’s me or X

 

[Strychnine]

 

[Stoic1]

The entirely world has blanket tariffs on the US?

I think it's over 150 countries that have them.

 

[curryjunkie]

I didn't have a house. We were renting.

But I claim my boat as a primary residence and got a gigantic solar tax credit!

Thx for playing~

i stand corrected, your primary residence is depreciating...

 

[Andy Capp]

Eric Trump took down this post after tons of people went and complained. Maybe the few million who showed up to protest is getting them concerned? They are worse then any Karen ever was for sure.

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One of the 1,000 around the Country.
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If it's real, LMAO @ "tow" the line.

 

[White Whale]

Countries are willing to negotiate.

 

[Rod1]

I think it's over 150 countries that have them.

Source?

 

[Rod1]

Countries are willing to negotiate.

Negotiate what exactly? Trump considers trade deficits as unfair trade,