Economy Trump's April 2nd Tariffs

[Neph]

Will get back to you soon on that, will think of something, like looking at manufacturing jobs under Biden, so something in line with that and actual GDP growth.

I think there'll be a lot of moving parts. It's likely manufacturing will go up significantly since the cost of buying goods overseas will become too great.

The cost to American citizens though is that they may start paying fuckloads of money for things they didn't previously have to do so. I expect inflation (and cost of living) to rise and the average American's wealth (and buying power) to diminish.

 

[Substance Abuse]

 

[Jar of Flies]

Jesus Christ, one MAGAt is so shook they are revisiting COVID arguments.....

The Joe Rogan approach to politics. “But covid.”

 

[MrShady]

Here's what I think will happen. Economy and unemployment gets wrecked short term, enough for the Fed to be forced into lowering interest rates, Trump gets his QE, Trump gets his 4 trillion tax cut, ends the tariffs, Economy rips thanks to QE and low interest rates (covid times v2), Trump claims victory as Economy soars.

MAGA and casuals will think it was thanks to tariffs, smart people will know the money printer was turned on again thanks to Trump forcing the Feds.

The only thing left to do at this point is wait and see, hopefully I'm proven wrong and Trump turns out to a genius and brings back manufacturing and jobs to America.

 

[Satsui Ryu]

And it will hit the poor and working class especially hard. It's faux outrage you are listening to.

I just feel bad for the penguins. They didn't ask for this shit.

 

[Neph]

Hilarious if true.

Australians were mystified why Norfolk Island, an Australian island in the South Pacific Ocean, got a 29% tariff while Australia got a 10% tariff.

Norfolk Island has its own domain, .nf.

Note that Norfolk Island has a tiny population and whose only business is tourism, so they export literally nothing to the US.

 

[Limbo Pete]

Absolute blithering god damn incompetence

 

[cottagecheesefan]

I think there'll be a lot of moving parts. It's likely manufacturing will go up significantly since the cost of buying goods overseas will become too great.

The cost to American citizens though is that they may start paying fuckloads of money for things they didn't previously have to do so. I expect inflation (and cost of living) to rise and the average American's wealth (and buying power) to diminish.

I think I pretty accurately cited some good measuring sticks. Actual GPD growth. And real wages, which take inflation into consideration.

I do agree there are a lot of moving parts, as this is a F U to the establishment system, which trump voters wanted

But i cited real wage growth because i feel the opposite, in regard to buying power and cost of living. Which even if there is inflation, wage growth will be indicative of actual gains

 

[Substance Abuse]

Hilarious if true.

Australians were mystified why Norfolk Island, an Australian island in the South Pacific Ocean, got a 29% tariff while Australia got a 10% tariff.

Norfolk Island has its own domain, .nf.

Note that Norfolk Island has a tiny population and whose only business is tourism, so they export literally nothing to the US.

 

[Limbo Pete]

I just feel bad for the penguins. They didn't ask for this shit.

 

[Neph]

I think I pretty accurately cited some good measuring sticks. Actual GPD growth. And real wages, which take inflation into consideration.

I do agree there are a lot of moving parts, as this is a F U to the establishment system, which trump voters wanted

But i cited real wage growth because i feel the opposite, in regard to buying power and cost of living. Which even if there is inflation, wage growth will be indicative of actual gains

Real wage growth is a great metric.

I do note that for a karate forum it's probably best to keep things really fucking simple.

 

[Substance Abuse]

It's simple, because the narrative in the media from clowns like Rachel Maddow and CNN was that the vax stopped the spread and if you didn't get vaxxed you were contributing to the spread of covid and this made you an inconsiderate citizen and enemy of the state who should lose their job and get their bank account frozen (Canada)



I was taking about retards like this^^^^ and that clown @Hellowhosthat quoted me and his post tried to put Trump in the same box as Rachel Maddow firstly because he's not very smart and lastly because he argues like a sniveling rat. There still isn't a single video of Trump saying it would stop the spread.

Like I said the same clowns crying about the tarriffs are the same people who got vaxxed 5x because they thought it would stop the spread and the same people who said Ukraine was winning and that every country in Europe should continue supporting them at any cost even if it meant economic destruction.

Now these same clowns are crying about these tarriffs. The inverse retard indicator is one of the best tools for such situaitons.

Way to derail the thread...

'Retards' and 'clowns'.

Pot meet kettle.

 

[Rob Battisti]

Real wage growth is a great metric.

I do note that for a karate forum it's probably best to keep things really fucking simple.

Real wage growth is one of 5 metrics that I have for how I view the economic health of the country

 

[lowlife]

this thread is like watching zoo keepers wrangle a bunch of shit throwing monkeys.

 

[Neph]

this thread is like watching zoo keepers wrangle a bunch of shit throwing monkeys.

Come grab some shit, it's entertaining at least.

 

[Brampton_Boy]

I think I pretty accurately cited some good measuring sticks. Actual GPD growth. And real wages, which take inflation into consideration.

I do agree there are a lot of moving parts, as this is a F U to the establishment system, which trump voters wanted

But i cited real wage growth because i feel the opposite, in regard to buying power and cost of living. Which even if there is inflation, wage growth will be indicative of actual gains

Actual economic theory would say otherwise. You don't get wage growth in isolation - as wages go up, so do the cost of all other things. It's why increased the minimum wage has been proven to harm poor people instead of helping them - it makes more sense to focus on cost of living as opposed to wage growth.

 

[lowlife]

Come grab some shit, it's entertaining at least.

oh it's certainly entertaining, I haven't chuckled this much in a long while.

 

[Neph]

Actual economic theory would say otherwise. You don't get wage growth in isolation - as wages go up, so do the cost of all other things. It's why increased the minimum wage has been proven to harm poor people instead of helping them - it makes more sense to focus on cost of living as opposed to wage growth.

Real wage growth vs wage growth. Real wage growth compares wage growth against inflation, so if inflation exceeds wage growth, your real wage growth is negative.

 

[Rod1]

Real wage growth is a great metric.

Real wage growth was super strong in 2024 when most right wingers here were claiming the country was doing bad.

 

[Rob Battisti]

Actual economic theory would say otherwise. You don't get wage growth in isolation - as wages go up, so do the cost of all other things. It's why increased the minimum wage has been proven to harm poor people instead of helping them - it makes more sense to focus on cost of living as opposed to wage growth.

That’s… what real wage growth is. You do know that right?