lol this version of China? About 50 years. China needs us more than we need them.
And boom, Trump caves on tariffs
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7000 components on a car. Every piece has a deal that was negotiated. Or let’s keep it simpler. A pencil. How many pieces go into the raw materials. The machinery. Etc etc. To produce pencils. If you break it down to its raw parts at every stage it’s crazy. All of it done over a period of decades. Yep. 90 days easy peasy.
If you settle on zero/zero across the board I’d think that’d be pretty simple.
Of course not all countries will be willing to do that. The ones I listed seem to be open to it
Once again we’re assuming senior dipstick doesn’t start tweeting or truthing
. Sigh
True. I’m also assuming the goal is zero/zero….the administration hasn’t exactly made that clear. If it isn’t all bets are offOnce again we’re assuming senior dipstick doesn’t start tweeting or truthing
It’s whatever he can get away with. Today he found something he couldn’t get away with. Similar to seeking a 3rd term. If Trump can get away with it he’ll do it. Next will see if he can impose his will on the Fed.
He’s definitely going to press for interest rates to come down
Yep, but doubt they should. The risk of fueling inflation and the uncertainty of his own policy says not to.
Zero zero doesn't mean as much as the currency exchange rates. He can't fiddle with those valuations directly. Just as he found out bond rates aren't something he can directly control this week. He's a babe in the woods on financial matters not bank lending for buildings and golf clubs. All those years in NY and he never picked up markets.
Your memory is also slanted and biased. Biden kept the country closed far too long exaserbating the psychological impacts of COVID; unemployment was only “lowered” as people simply went back to work after the pandemic ended; and Biden’s high spending with the so-called inflation reduction act and Green New Deal caused inflation to balloon to 9%. 🥴
Well, we know that Margorie Taylor Greene made big money selling before the big tariffs and buying before Trump caved in.
I’m sure she was not the only one.
THE REAL SWAMP
There really isn’t much logic behind Trump’s tariff plan—it’s been chaotic from the start. That said, I’ll give him some credit for pausing the tariffs, even if temporarily. The disruption he’s already caused is still there, but at least this pause slows things down a bit. Any delay leading up to the midterms gives him less time to make things worse.
Why is that graphic using the same flags repeatedly within the same column?
Market after popping the champagne is going to realize the plan is still bad. Too much uncertainty.
Horseshit. The WH won’t even release the “list” of 75 countries they claim came crawling to us on their knees.
Let's watch how this unfolds,.. Have you noticed that the countries you listed as being willing to discuss zero/zero on tariffs, have made no such comments regarding trade restrictions or value added taxes,.. That's where a lot of the problem lies, particularly with the EU.
And more horseshit. Inflation was worldwide and lower here than in other industrialized countries. Your Fox-supplied premise fails on simple facts. Supply chains all over the world were screwed up and people and companies all over the world were trying to buy what they needed and wanted. Simple supply and demand fueled inflation.
Most likely scenario we get some wins and stalls. Would not shock me to see some wait until mid terms after prices have hit American consumers. The ones who military need us the most and are Chinese cheap labor competitors are the most likely to come to terms.
Stronger countries/economies will wait. Japan has shown a leverage button.
Bottom line we are going into recession in the short term. Long term the manufacturing isn’t coming back and frankly we shouldn’t want most of it but key sectors. Best case we move as much as possible away from China and into several different countries.
Right now folks need to realize our economies are intertwined. Any time we stab each other with tariffs. We also stab our selves. This talk of they need us more than we need them is flawed. We need each other. Part of marrying our economies together is to have another layer of protectIon from World Wars. Gives us more commonalities.
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Need a bit more fairness though, not even with tariffs, but the environmental standards in China, Mexico, Brazil, and India need to be upgraded to where we are
VAT is applied to all products in the EU countries, foreign and domestic products. It's essentially a sales tax. It'd be like a state with no sales tax accusing Florida of engaging in unfair intra state trade practices because it has a sales tax.
It's a red herring and pretty stupid to include that in the calculation, sorry.
Agreed, but that’s part of what keeps the low margin items they make profitable. It’s difficult. Think we need to improve them, but in incremental steps.
Would be nice if our government was investing as much as possible in environmental tech clean ups. The floating plastic islands in our oceans alone should shock us into action. But it has not.
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Want to still have any reasonable explanation why Australia got hit with 10%
Everybody got hit with 10%. That's the only explanation I can come up with.
I'm starting to think they hit everybody so they can start releasing quick "deals" with many countries that we already have pretty much free trade agreements with. Announce "deals" cut every week.
They could announce a "deal" with Israel basically today. (just an example)
You're half right,.. Yes, VAT's are applied to an entire product sector, say autos for example, which at first glance would appear to be fair way to collect taxes on selected luxury items,.. Problems arise however when the host country issues behind the scenes VAT "exemptions" to selected domestic producers, so that they can file for a refund,.. Handled in this fashion VAT's are little more than a back door tariff.
PR campaign. Spike the football without actually doing anything. But is it worth the risk of goodwill? Already a viral campaign in Canada to boycott Made in the USA or brands. That can spread to other countries quickly. Give up an IPhone for a Driod for instance. Stop eating at McDonald’s. Don’t go to Mission Impossible 44.
And they respond with our per capita carbon footprint which dwarfs every nation on Earth including China. The idea that the US can bully the world into getting what we want on our terms is dead.
They have explicitly said no tariffs is not the goal. They are looking to wipe out trade imbalances. This is a dumb goal. One of Trump's reps this morning was talking on CNBC about also including "quiet" actions that involve military and other goals.
True. In regards to Canada...we're so intertwined economically for obvious reasons that I think eventually it's gonna settle down.
Why Trump has a hard on for Canada is beyond me. Incredibly stupid...
