And boom, Trump caves on tariffs
- Thread starter Scott559
- Start date
We have incompetent fools in the executive branch, and it's deeply disturbing. This country was founded on the principle of not having a king—yet here we are, with a significant portion of Americans rejecting that foundational idea, and a president shifting toward a gangster-style government reminiscent of Russia.
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Nope…your “analysis” is too simplistic. The Biden administration pumping a lot of $ into the economy also fueled some of the inflation. Granted, U.S. inflation was somewhat lower than the rest of the world, but we also reached a 9% inflation rate.
The only thing to agree with in your response is your final “LOL as it was quite funny. 😜
I know you’re comfortable denying realities when simple statements of facts elicit nervous laughter. You didn’t bother to refute a single thing I posted, and that’s why.
hawkeyetraveler
HB Legend
Trump now considering steep reductions in tariffs on Chinese goods. Maybe because they don’t work the way the orange dumbass and his minions thinks they do?
WSJ: White House Consider Slashing Tariffs
Anyone else think Trump asked, “why didn’t anyone tell me tariffs are paid by Americans”?
Personally I will be glad if Trump is proven a pussy and caves. The tariffs were an awful idea and hopefully his ego allows him to back down from a stupid position.
WSJ: White House Consider Slashing Tariffs
Anyone else think Trump asked, “why didn’t anyone tell me tariffs are paid by Americans”?
Personally I will be glad if Trump is proven a pussy and caves. The tariffs were an awful idea and hopefully his ego allows him to back down from a stupid position.
I was shared some potential price increases on some items that is an American company that manufactures there stuff in China. Items that now retail for $900 will be $1200.
Something that was $350 will be $500.
The sad thing is that the $350 item is something many families are required by law to have. Granted other cheaper options are available but this is going to be bonkers.
Looks like ol iafb2021champs family will be cutting back even more on purchases. Looks like we will strictly be paying bills and buying food. I’m sure the house mortgage and other bills will find a reason to go up in price as well because of the tariffs.
Something that was $350 will be $500.
The sad thing is that the $350 item is something many families are required by law to have. Granted other cheaper options are available but this is going to be bonkers.
Looks like ol iafb2021champs family will be cutting back even more on purchases. Looks like we will strictly be paying bills and buying food. I’m sure the house mortgage and other bills will find a reason to go up in price as well because of the tariffs.
Are you really that gullible?
Insurance, utilities. etc. Your mortgage should be fine unless you’re moving or have a variable rate.
I agree but like I said. I’m sure they will figure out some reason tariffs affect them or they will just feel left out of the loop and raise prices for no reason.
President said insurance and energy bills will be cut in half in first year, You should be fine.
Here’s the thing. Sure, it’s going up now for two sessions.
But who’s to say Trump doesn’t get mad at something he sees on FOX tonight, or doesn’t want to look like a wimp when he goes to Mar-a-Lago this weekend?
We could get a tweet that undoes everything.
No way to tell.
But who’s to say Trump doesn’t get mad at something he sees on FOX tonight, or doesn’t want to look like a wimp when he goes to Mar-a-Lago this weekend?
We could get a tweet that undoes everything.
No way to tell.
Home owners insurance and up keep / repairs cost. Property tax surge. It varies.
So, you're ok with trade inequities in which American goods sold abroad have a high tariff placed on them, yet we shouldn't reciprocate?
As I said before watch the Bond market. That’s where the rubber meets the road. The stock market right now is looking for any sliver of hope. And overreacting either way to tweets. The bond market is a better gauge of long term right now. Especially who is selling and volume.
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hawkeyetraveler
HB Legend
I am in favor of addressing the China problem first and foremost. I have laid out how I would do it in another thread, but copying again here:
- I would focus on China exclusively. I would not tariff anyone else while dealing with the China threat. Putting tariffs on tee shirts from Bangladesh is a stupid distraction. Like hot wars you don’t want to fight a trade war on more than one front. And we just attacked everyone in all directions at once. We walled ourselves off into the Alamo with no allies on the outside. Dumbest f*cking economic move I have ever seen.
- I would create a coalition of wealthy nations to move in concert together on the ideas below. Now keep in mind these are all just ideas and it is not like I have studied them in depth. But I think they could be way more beneficial without nearly the impact on our own economy and the US consumer as tariffs.
- I would subsidize the reshoring of industries we care about most to encourage domestic production. The two that most immediately come to mind are chipsets and pharma. They are critical to our national defense. We do this for farmers and select other industries we should do it for these as well.
- I would offer low interest loans or even zero interest loans to companies in select industries to build mfg in the US. Again, focus on critical industries. I don’t care if we make happy meal toys in China…focus on the stuff that matters.
- I would tell China they have 3 months to stop all IP theft from the US. If they fail to do so I would remove all Chinese students from US universities until such time as they come to their senses. I would also consider severe restrictions on Chinese ownership of US land. I would consider asset seizures for anyone we can prove is associated with IP theft. If you steal from us we will take your US properties. I would ramp up the FBI and NSA to find and prosecute Chinese IP theft. Or seize assets from anyone found guilty in abstentia. I would ban Chinese tech companies from operating in US markets until the IP theft issue is resolved. The TikTok ban wasn’t a horrible idea IMO.
- I would set a clock on market access. China has 2 years to provide more open access and to eliminate the 51% rule. If they fail to do so I would forcibly sell their US assets, and charge them a massive tax on the sale.
- I would consider targeted tariffs if absolutely necessary. I am pretty anti tariff as I don’t think they contribute to the solution in a direct enough fashion. They are more like chemotherapy. You come damn close to killing yourself to rid yourself of cancer. I think there are better, more targeted cures.
I made money. I would think anyone with a functioning brain and heart beat made money also. Maybe not based on posts I read on here.
Nothing screams "alpha male, well thought out leadership" quite like starting a trade war that everyone said would be a horrible idea, getting completed pwned by China, and then backtracking on said trade war.
With that said, I'll clearly also be happy if he caves but still frustrated that it happened to begin with because it was completely self inflicted.
One of my biggest criticisms of the debacle. Is it’s obvious they didn’t consult with business leaders before releasing the might of tariffs. The gaming out of what would happen or tactics being used.
Only conclusion I can draw is they were so confident of shock and awe crushing the Chinese and forcing them to the bargaining table.
My biggest criticism is that they think they're smart about how much leverage they have and how the world works, and they're not. The world economy is stepping back from the brink, but make no mistake about it, there will be more pain to come, and America's relationship with the rest of the world is forever altered, and not for the better.
Complete and total misread of China’s positions and World reaction. Similar to Ontario turning off the power. Trump’s immediate team had no clue friend and foe would dump bonds. Crazy world. The brain trust is either filled with legacy nepo hires or completely scared shitless of Trump.
You should have been all in on Trumps agenda. It should have been a major win. The bestest economy ever.
Or... they're just idiots. MAGA has shown time and time again Dunning-Kruger is the best explanation for their actions. They are confident stupid people.
