Enjoy your cost of living idiots
- Thread starter BlIIlken2
- Start date
LOL. He did it before and it worked out pretty well.
Oh yes I'm going to enjoy a lot lower cost of living and a lot higher income thanks to Trump
The massive tariff proposal won't work. Punitive tariffs are always a bad idea. I hope Vance can inject some financial sense into Trump.
I am sure there is more to the story, but, I am sure her telling of the story had no bias on her part.
Then again, I am sure this true since you posted it
Then again, I am sure this true since you posted it
OP we need you to focus your energy on WW3 please
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It didn't do any good and the tariffs where not across the board as he is proposing now.
It was one of the pillars of his platform. And his history of doing this with mixed results doesn't bode well for Season 2.
I also don't think Trump understands how countries and companies can try to skirt his tariffs.
Across the board tariffs will not happen.
I don't know why any company would hedge their bets that Trump would actually keep his word
That's a huge risk to take for a short-term cost gain, plus the additional inventory holding expense
That's a huge risk to take for a short-term cost gain, plus the additional inventory holding expense
Because they're planning for a worst case scenario in which Trump keeps his word and no one around him is able to convince him to change course.
I can't comment on if the X post is real, generally assume most of it is questionable.
I do think there are plenty of people who have no idea how tariffs actually work (as outlined in the post).
No telling if he actually does it, but planning on it seems a bit risky.
I do think there are plenty of people who have no idea how tariffs actually work (as outlined in the post).
No telling if he actually does it, but planning on it seems a bit risky.
Yeah, but are they coming for my Christmas bonus too 😮💨
Well good thing Rifler from HBOT say they won't happen. I won't believe Trump. You know the person who has proposed them and has the power to implement them
I think we are back to the "well, the exact story may not be real, but the texture and intent of the message is right" era.
Inflation forecasts are already rising for 2025 and 2026 due to Trump's policies. Rate cuts likely to be slower as a result.
Lol. Biden kept all of Trump’s tariffs in place and even imposed additional tariffs less than two months ago.
But I’m supposed to believe that the president of some small manufacturing company in southwest Pennsylvania sat his employees down in early November to tell them he was rescinding their Christmas bonuses so he could stockpile two years worth of products.
Yeah, that tracks.
But I’m supposed to believe that the president of some small manufacturing company in southwest Pennsylvania sat his employees down in early November to tell them he was rescinding their Christmas bonuses so he could stockpile two years worth of products.
Yeah, that tracks.
Why would you choose to accept this political exaggeration as carved in stone fact?,.. Oh, that's right.
Isn't it a bit insane that that the Vice president will have to talk the president out of one of his biggest campaign promises?
I could see a company using existing capital to hedge their bets on this. Trump isn't threatening a few percentage points. Hes threatening 20% as the basement. That amount could wreck a company.
Nah, seems totally legit a real company would basically do an Always Sunny equivalent of filling up barrels at the gas station in the back of a van, and still have time the morning after the election to to announce their intentions to stick it to their employees because of it.
This sounds like exactly what a firm that is uncertain about the future cost of inputs would do.
Why Libertarians Loathe Tariffs | Mises Institute
Former president and current Republican presidential candidate Donald Trump loves tariffs. In his 2011 book Time to Get Tough: Making America #1 Again, Trump
Tariffs are supposed to protect certain domestic industries from foreign competitors by raising the prices of imported goods or to punish foreign countries for any number of reasons: “unfair trade practices,” human rights abuses, currency manipulation, or an unfavorable balance of trade. But this comes at the expense of the American people who, as a consequence of tariffs, have to pay higher prices for imported goods and higher prices for domestic goods (raising the prices of imports opens the door for American companies to raise prices), as well as less consumer choice and fewer exports of finished goods (because of the higher prices of imported raw materials). Those who clamor for more or higher tariffs are calling for a tax on themselves. Although a tariff is an indirect tax, it is a tax nonetheless.
You can't be serious. Unemployment spiked to 15% in April of 2020. GDP growth rate for all of 2020 was -2.2%.
Trump is promising tariffs across the board. 20% is the basement. Up to 2000% is the ceiling. That would almost certainly drive us into recession.
hawkeyetraveler
HB Heisman
Don’t forget 60% on all things made in China.
Now I agree with finance above, this was a bullshit campaign promise that is impossible to implement. But he made the promise specifically because he knew people would think this is a good thing for them - when it is an awful thing for them. He manipulates people who don’t know better and they love him for it.
It is fascinating how he has managed to dupe millions of people time and again.
I do. He showed zero leadership his last year. We were having massive supply chain problems and he just stood around and watched. Not hard to see why things unraveled.
I don't know how he walks this promise back. It was one of the pillars of his campaign. He was going to make foreign countries pay up. It's also a promise he can easily fulfill stroke of a pen wise. It really is a promise he could enact almost instantly if he wants.
Biden nearly doubled tariffs on Canadian soft lumber imports less than 3 months ago.
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