Economy Trump's April 2nd Tariffs

[GreatSaintGuillotine]

It demonstrates that they have a breaking point. It’s possible that because they are an authoritarian government, they will break before they bend, thus outlasting the US.

It still hurts them a lot.

I definitely think they're banking on it hurting us more than them or being able to last longer than us. I hope that you're right and they crack first.

 

[Brampton_Boy]

If the 10 year yield hits 5%, shit is going to hit the fan. Also, the fed has no mechanism to stem the flow - they can announce an interest rate reduction, but if the Bond market doesn't believe that inflation is likely to come down, they will completely disregard what the fed is doing. The same thing happened September through December. The Fed announced that the interest rates were going to go down, but with the Trump election, people felt that there would be an inflationary effect and the yield on the 10 year jumped from 4% to 4.75%

In the past 5 days alone, yields have gone up 18%.

 

[Rob Battisti]

I definitely think they're banking on it hurting us more than them or being able to last longer than us. I hope that you're right and they crack first.

To be clear, I don’t endorse this strategy. However, China should face heavy sanctions for both crimes against humanity and international IP theft. They should face a coordinated tariff effort. Not just us.

They need to face a full court press. HOWEVER, our POS leaders sold us out to China. Drug manufacturers alone gives them the ability to bend us over. They have a 50 year plan. We have jack shit.

 

[Deorum]

Well said

Doug isn't even among the unqualifieds and breezed through a largely bipartisan confirmation hearing. He's not dumb or insane, just a son of a bitch who will go down as the worst Interior secretary ever because he has absolutely no spine.

 

[Rob Battisti]

If the 10 year yield hits 5%, shit is going to hit the fan. Also, the fed has no mechanism to stem the flow - they can announce an interest rate reduction, but if the Bond market doesn't believe that inflation is likely to come down, they will completely disregard what the fed is doing. The same thing happened September through December. The Fed announced that the interest rates were going to go down, but with the Trump election, people felt that there would be an inflationary effect and the yield on the 10 year jumped from 4% to 4.75%

In the past 5 days alone, yields have gone up 18%.

Inflation is down though. Will it stay down? Who knows. We we’re never going to hit the magic 2%.

 

[Rob Battisti]

Doug isn't even among the unqualifieds and breezed through a largely bipartisan confirmation hearing. He's not dumb or insane, just a son of a bitch who will go down as the worst Interior secretary ever because he has absolutely no spine.

It’s a shame. He had a chance to be a good one.

Your thread always makes me laugh. “Seized the interior” as if he forcibly took it.

 

[BFoe]

American drillers also shut rigs down and lay people off when prices make it unprofitable. OPEC+ is already flooding the market and triggering a global energy glut, Doug. How much restriction was there when domestic oil and gas production was at its highest in US history?

Conveniently ignoring that major culprit for restricted supply was Trump’s own shit deal with OPEC that he signed in 2020.
Bunch of clowns.

 

[Fedor>Cain]

Every village needs an idiot. We have a surplus.

Yea, we definitely have a trade deficit for village idiots.

Maybe we should tariff 4chan so we can fix that and send him back where he belongs

 

[Substance Abuse]

It's going great for Trump. He asked for a call with Xi, Xi rejected the call and then raised tariff's this AM...

All while the dollar falls.

Can't. Stop. Winning.

 

[curryjunkie]

America's economy is bigger and more battle hardened. China's has holes through it. Both rely heavily on each other and if this goes on it will cause enormous troubles globally. In a race to catastrophe, China hits rock bottom first is my guess.

It's hard to predict who backs down. Both are now led by populist, right leaning strong men who need to appear powerful.

Worst case scenario? Nobody backs down, a global recession occurs and China arms up, dividing the globe into two economically. Some countries willingly join their new economic coalition, while others nearby are threatened into it with military action or outright taken over. Neighbours immediately around China are the most likely to join, willing or not. Russia and other declared enemies of the US are obviously guaranteed entrants. Two new global economies form: China and their allies, and US and their allies.

Best case scenario? Everyone calms the fuck down for a bit and it goes back to normal.

Who do you think are US allies after the fuckery of the last 2 months?

 

[Crazy Source]

It demonstrates that they have a breaking point. It’s possible that because they are an authoritarian government, they will break before they bend, thus outlasting the US.

It still hurts them a lot.

It's just such a retarded way to try to weaken China. Going at them head-to-head is doing nothing but feeding Trump's ego. You beat China by forming alliances and cutting them out of the game. But forming alliances isn't Trump's strong suit, to put it mildly. Just admit what Trump is doing is stupid. It's ridiculous watching fairly intelligent people flail while defending it.

 

[Crazy Source]

I definitely think they're banking on it hurting us more than them or being able to last longer than us. I hope that you're right and they crack first.

They won't. That's a fever dream.

 

[Rob Battisti]

It's just such a retarded way to try to weaken China. Going at them head-to-head is doing nothing but feeding Trump's ego. You beat China by forming alliances and cutting them out of the game. But forming alliances isn't Trump's strong suit, to put it mildly. Just admit what Trump is doing is stupid. It's ridiculous watching fairly intelligent people flail while defending it.

I said as much a few posts ago. Did you not see?

 

[Brampton_Boy]

Inflation is down though. Will it stay down? Who knows. We we’re never going to hit the magic 2%.

Inflation was down because the Fed did a pretty good job of trying to orchestrating a soft landing. Bond markets are shitting the bed because they down see a path forward where inflation doesn't spike as a result of the tariffs.

Further complicating matters is that Japan and China are both dumping US treasuries, further exacerbating the spike in yield rates.

I'm hoping that cooler heads prevail and that China and the United States are able to come to some sort of agreement. The first positive step was the 90 pause to negotiate individual trade agreements on countries - a lot of the benefit of that decision was undone when the tariffs on China spiked to 140%.

 

[Crazy Source]

I said as much a few posts ago. Did you not see?

I just did a few minutes ago. I didn't throw you a like because it was a tepid, "meh, I don't endorse this, BUT". If it were the other side doing this you would eviscerating it.

 

[Rob Battisti]

I just did a few minutes ago. I didn't throw you a like because it was a tepid, "meh, I don't endorse this, BUT". If it were the other side doing this you would eviscerating it.

Here I stand, calling trumps actions retarded. I simply am saying we should have a coordinated effort against China. Which this is not.

 

[AWilder]

It's going great for Trump. He asked for a call with Xi, Xi rejected the call and then raised tariff's this AM...

All while the dollar falls.

Can't. Stop. Winning.

Hilarious that there's people who keep falling for the "70 countries are dying to kiss his ass" nonsense

 

[CantCucktheTuck]

That’s an opinion. They can’t devalue it at this pace forever.

Regardless if you think the tariffs are gonna work, or if you think they are dumb, China literally relies on the US buying their products to feed their people. They can print money and give it out to the their people for a while but it will come crashing down eventually.

 

[AWilder]

Who do you think are US allies after the fuckery of the last 2 months?

Putin, Kim....Kanye, kid rock

 

[Darkavius]

It's just such a retarded way to try to weaken China. Going at them head-to-head is doing nothing but feeding Trump's ego. You beat China by forming alliances and cutting them out of the game. But forming alliances isn't Trump's strong suit, to put it mildly. Just admit what Trump is doing is stupid. It's ridiculous watching fairly intelligent people flail while defending it.

I know it's common among conservatives and some liberals but forget trying to weaken China now. The first thing that needs to be done is the idea of "We're America and we demand this has to be done so do it." has to be thrown out the window. You said we need to form alliances and cut China out of the game but all America needs to do is start fixing the basics first. Start fixing infrastructure, start actual efficient public transportation across the country, actually invest in education and fix the student loan issues, work on fixing housing among other things and America will get better.

Conservatives have used the exact same playbook for over 40 years now. I would go further and say don't just say what Trump is doing is stupid but conservative policies as a whole are stupid. Now I know some conservatives will disagree with me but then I have a question. How do you beat a country when you do not own the means to much of the production and you want to cut education funding so that those things you are already short on less people will know how to do them?