Economy Trump's April 2nd Tariffs

[HockeyBjj]

Was there or was there not a 600 point rally on March 5th?

Markets News, March 5, 2025: Stocks Surge as Automakers Get One-Month Reprieve from Tariffs; Ford, GM, Stellantis Shares Soar

Major stock indexes closed sharply higher Wednesday as investors reacted to new developments on tariffs and digested fresh economic data.

www.investopedia.com

Major stock indexes closed sharply higher Wednesday as investors reacted to new developments on tariffs and digested fresh economic data.

The Dow Jones Industrial Average and S&P 500 each gained 1.1%, while the tech-heavy Nasdaq Composite added 1.5%, as stocks recovered from a sluggish start to today's session. The major indexes were coming off of two straight days of steep losses amid concerns about the potential impact of recently imposed tariffs and broader worries about the health of the U.S. economy.

Hey dum dum. 1200 point drop at the opening bell for the Dow today

 

[Seano]

The tariff numbers were supposedly taken from calculating deficit numbers.
This is how stupid Trump and his retards are.



Whether you want to believe it or not... The numbers check out.

I posted a link right after you posted that that confirmed a 54% South Korean tariff on American goods.

 

[Seano]

Hey dum dum. 1300 point drop at the opening bell for the Dow today

OK. Whats this got to do with what I said? You seem to be having some sort of episode.

 

[AWilder]

um...we have seen what your "right way" has done to this country over the last 50 years.

This might be the most retarded post of yours, but the day is young.

 

[Crazy Source]

MAGA is holding on hard to this one. Fellas, your boy is a retard that doesn't give a shit about you. At this point you are a battered spouse. I'm here to tell you he will not change. You will continue to get smacked around as long as you allow it.

 

[BEAST]

I posted a link right after you posted that that confirmed a 54% South Korean tariff on American goods.

On agricultural goods.
You know why right? Same reason Canada has high dairy tariffs on America. To protect its country from sending too much resources to another country and not have enough for their own people.

South Korea’s average tariff on non-agricultural goods is more than twice that of the United States – 6.6 percent compared to our 3.2 percent

Look at that number, thats for electronics and cars, etc. Much more reasonable, no?


Trump is a retard, don't fall for his bullshit.

 

[hymn]

South Korea imposes a 54% tariff on US agricultural products.

Learn Key Facts About the U.S.-South Korea Trade Agreement

Trade Agreement Home • Jobs • New Opportunities • Meet American Businesses •

ustr.gov

Right now, South Korea’s tariffs on imported agricultural goods average 54 percent, compared to the average 9 percent levied by the United States on the same kinds of imports. South Korea’s average tariff on non-agricultural goods is more than twice that of the United States – 6.6 percent compared to our 3.2 percent.

This article doesn't seem to have a date but mentions Obama, so its not new.

The next sentence continues "As tariffs are eliminated or reduced under the U.S.-South Korea trade agreement..."
that article seems to be about the introduction of a free trade agreement that lowered Korea's tariffs, so its "right now" was outdated even as it was written; here's Korean reporting on this year's US tariffs:
Since the 2007 Korea-U.S. FTA is applied first, the real tariff rate on U.S. goods is under 1%. That on American industrial products is 0% and the average on U.S. imports was 0.79% as of last year, with the real rate lower if refunds are considered.

Most goods are imported and exported tariff-free with the exception of select American agricultural goods such as rice and oranges.

"In fact, both countries have hardly any tariffs between each other, so we need to discuss this more," National Security Adviser Shin Won-sik said on the issue. "I've confirmed the willingness of both sides to strive for a win-win result."

The numbers Trump pulled out for the speech seem to be hogwash calculated from trade imbalances rather than actual tariffs

 

[Mr Holmes]

Interesting article, I'm also not savvy enough to analyze it.

Thanks for sharing

 

[BEAST]

Even BBC has posted his stupid formula for the tariffs.

How were Donald Trump's tariffs calculated?

Analysts have questioned claims that new tariffs are reciprocal and based on those charged against the US.

www.bbc.com

CAN YOU BELIEVE THESE PEOPLE ARE RUNNING A COUNTRY?

 

[CubicleGangster]

When did we start talking deficits? I thought we were talking about tariffs. Deficits are a different discussion.

I thought the whole point of these tariffs were to fix our trade deficits?

Sheesh, its like you morons are incapable of keeping track of your own bullshit

 

[AWilder]

Even BBC has posted his stupid formula for the tariffs.

How were Donald Trump's tariffs calculated?

Analysts have questioned claims that new tariffs are reciprocal and based on those charged against the US.

www.bbc.com

CAN YOU BELIEVE THESE PEOPLE ARE RUNNING A COUNTRY?

This is what happens when the under-average-intelligence people get motivated to vote.

 

[44nutman]

are you retarded?

The Dow Jones Industrial Average and other major indexes wavered but ended Wednesday in positive territory ahead of an announcement on more tariffs from President Donald Trump at closing bell. After diving in the early going, Tesla (TSLA) switched gears and zoomed more than 5% higher on the stock market today on reports Chief Executive Elon Musk will end his controversial government work soon.

Stocks on the Dow Jones index fluctuated before ending the day 235 points higher for a gain of 0.6%. Amazon (AMZN) climbed 2% after reports said the e-commerce behemoth put in a bid for social media giant TikTok. TikTok's parent company, ByteDance, has until Saturday to sell the U.S. operations of the short form video app. But reports also noted that a deadline extension may be on the table.

Stock Market Today: Dow Jones Soars As Trump Tariffs Loom; Tesla Jumps On Musk Reports As Amazon Joins TikTok Bidding War (Live Coverage)

Indexes climbed as investors awaited more tariff news on the stock market today. Tesla surged on word Elon Musk would return to the carmaker.

www.investors.com

My #TrumpPuts were up 20% after Trump got done playing with poster boards. You keep on thinking a guy who can’t even make money with a casino is a smart business man, and I will keep following Warren Buffet and make bank. My portfolio is mooning, Broseph!

 

[Seano]

On agricultural goods.
You know why right? Same reason Canada has high dairy tariffs on America. To protect its country from sending too much resources to another country and not have enough for their own people.

South Korea’s average tariff on non-agricultural goods is more than twice that of the United States – 6.6 percent compared to our 3.2 percent

Look at that number, thats for electronics and cars, etc. Much more reasonable, no?


Trump is a retard, don't fall for his bullshit.

If that were the case, wouldn't it make more sense for American good to be cheaper, if the issue is supply?

They impose those tariffs so that their people will buy the products they produce first.

 

[BEAST]

@Seano

So let's see if the formula works for Korea.

66B trade deficit / 131.5B Imports from Korea = 0.5 / 2 = .... 25%!

Has nothing to do with what Korea tariffs on agricultural products.

It's all trade deficit/import calculations. AND THIS IS A FLAT TARIFF ON EVERYTHING.

Do you see how retarded this is?

 

[AWilder]

Can't wait for the "presidents don't control the economy" crowd to pipe up. You know the "Its (D)ifferent" (R)etards.

 

[Area809]

It’s not looking good gents

 

[Seano]

The next sentence continues "As tariffs are eliminated or reduced under the U.S.-South Korea trade agreement..."
that article seems to be about the introduction of a free trade agreement that lowered Korea's tariffs, so its "right now" was outdated even as it was written; here's Korean reporting on this year's US tariffs:
Since the 2007 Korea-U.S. FTA is applied first, the real tariff rate on U.S. goods is under 1%. That on American industrial products is 0% and the average on U.S. imports was 0.79% as of last year, with the real rate lower if refunds are considered.

Most goods are imported and exported tariff-free with the exception of select American agricultural goods such as rice and oranges.

"In fact, both countries have hardly any tariffs between each other, so we need to discuss this more," National Security Adviser Shin Won-sik said on the issue. "I've confirmed the willingness of both sides to strive for a win-win result."

The numbers Trump pulled out for the speech seem to be hogwash calculated from trade imbalances rather than actual tariffs

"Eliminated or reduced...." Reduced how much?

 

[CubicleGangster]

@Seano

So let's see if the formula works for Korea.

66B trade deficit / 131.5B Imports from Korea = 0.5 / 2 = .... 25%!

Has nothing to do with what Korea tariffs on agricultural products.

It's all trade deficit/import calculations. AND THIS IS A FLAT TARIFF ON EVERYTHING.

Do you see how retarded this is?

He wont. He is quite honestly a low intelligence person, but more importantly he is not a curious person who actually wants to learn. He's just a bitter old fuck who wants to pass on harm to others so he can feel better about his loser life.

 

[Brampton_Boy]

For people pro tariffs, I am going to try and break this down as simply as I can for you:

The American manufacturing industry was exported overseas to take advantage of cheap labor (when you want to consider that bad or good is a matter of perspective, as it lead to the greatest economic expansion in global history, but at the expense of certain industries).

Let's assume you bring those industries back - there is a time cost, & infrastructural cost to bringing those sectors back online. Does it create jobs for Americans? Yes, but not without severely hurting the American consumer.

The age of consumerism and accessible goods proliferated precisely because we could produce those goods with cheap labor. If you pay "fair wage", you are going to double or triple the cost of these goods. Inflated wage rates is what ultimately killed domestic automotive manufacturing.

ALL of these extra costs will be passed onto the consumer. Some may argue that with more jobs and better wages, it will allow for increased affordability, but history shows us that simply paying people more can do more harm than good. Increasing minimum wage as an example has actually shown to have a *negative* impact on people, as the price of goods goes up at a disproportionate rate relative to the increase in wage.

Unless you plan to pay people slave wages, in a best case scenario, Americans are paying significantly more to bring manufacturing industries domestically.

 

[Rob Battisti]

Can't wait for the "presidents don't control the economy" crowd to pipe up. You know the "Its (D)ifferent" (R)etards.

This is one area they certainly do