My stock portfolio said otherwise.
OT: Tariff Economics Discussion
- Thread starter scott in nashville
- Start date
Also, @fatpiggy you were talking about China. I agree they are a huge problem. What we are doing now is the greatest gift they have ever received. We are literally pushing the rest of the world into their arms. If you think they're not going to take advantage of this and capitalize on our power play then you're crazy. Just watch what happens when the dollar isn't the reserve urrency of the world. China is an enemy state and they are the enemy of freedom and opportunity. We are giving them oxygen when they don't need it. We should be maneuvering to make trade agreements with all the countries around them and further freeze them out. We have massive energy reserves that we can use to help promote freedom and opportunity through fair trade. I'm not saying that the tariffs on us are a good thing because I don't think so. But there are better ways to remedy the problem without going in like this and announcing these absurd things like liberation day. It's crazy.
Yep. They'll sell to Europe instead of us, and Americans will be left paying more.
@fatpiggy You also have to consider retaliatory tariffs that make it difficult for American companies to make money in foreign markets, domestic demand dropping when prices go up, and companies being hesistant to dump billions of dollars moving here when they don't know what will happen in 4 years. It could wind up being cheaper ot manufacture abroad anyway.
It is absolutely exactly what i voted for.
And it's not an overly simple analogy. I took it directly from Trumps economic advisor who is a doctorate at MIT.
You do realize the mess that you are so upset about was created about people who graduated from the same institutions right? Throwing around where someone was educated when the entire system has been crushed by people from the same educational institutions is a bit of a strange argument.
To me that is a ridiculous sentiment. Europe is a fraction of the size of the US market. Our market is 40% larger by a quick google search.
As you will see, we will win any trade war.
Honestly man, I'm not trying to fight with you...but how did you not notice this phenomenon with the way MAGA and the Republican apparatus writ large responded to all the laws he broke during his first term? The dude tried to initiate a fake elector scheme and called up officials in GA to insist they "find" him 11k votes and then sicced his J6 mob on our Capitol to make us an international embarrassment.
How are you just noticing that they don't care about law and order or the constitution? I mean he was flagrant about it for years as were his enablers.
great job morons. can anyone guess who was in the WH back in 2020 when the other drop occurred?
The only mess I was upset about was inflation at the highest level in 50 years, DEI, and illegal immigration.
You suggesting there would be no mess if we just stayed the course is a premise that i do not buy. Trouble was coming. I base this comment off the fact that when Trump took office.
1) Rising inflation
2) Rising interest rates
3) $2 trillion deficit
4) $37 trillion debt
5) Market valuations were at the highest on record causing Buffett to accumulate $300+B in cash.
I do not agree with the premise there would be no mess if we just stayed the course.
This is what's frustrating with people on the internet. I never said we should stay the course. I want change and I want smart change. I want to see us get our economic house in order. The way that he is doing it is not the only way that it can be done. That I disagree with him on how he is managing this and think it could blow up in the spectacularly horrible way is not me saying that I don't want to do anything. Don't make this in either or thing. I can tell you're trying to discuss things which is great but don't turn people into simpletons if they don't agree with what you want to do. There isn't just one path forward.
You wanted me to point out when you say completely intellectually dishonest stuff. Here you go. Because you know exactly what was going on when this drop happened in 2020. And you're hanging it around the neck of someone who had absolutely nothing to do with the circumstance under which it occurred and you know that. You are a partisan and will be intellectually dishonest as much as possible in order to put forward your point of view. By your calculus, the ends justify the means and that includes telling the truth.
I've always noticed it. That's why in a primary I have never voted for Trump. And I never would in any primary. I don't support the guy. I just voted for him against people on your side of the fence because as bad as he can be that side is even worse. I guess I chose to die slower than die the way that the left is killing this country. You're acting like there's a good side and a bad side. There isn't. I'm always on the side of law and order. Being on that automatically disqualifies anyone on the left. They don't care about the law and they sure as hell don't care about order. All they care about is how they can exploit the law in order to get what they want which is more power.
dude you sound 100% MAGA. this is like reading a 2am truth social post from the man himself.
you don't like illegality or moral decay so you voted for Donald Trump to lead our nation? make it make sense.
lol Trump botched his response to the pandemic. remember when it would be gone in a week....then Easter....then summer would kill it off....
he absolutely wears his failures, not to mention making it easier for thousands of people to die and stoking the fires of racism and xenophobia with his rhetoric.
imagine watching this idiot tell the whole world we're going to inject bleach and not thinking he bore responsibility for his reaction to this event.
How long will it take to build this manufacturing base?
No one is addressing that. Trump will be out of office before plants are operational, if that indeed is the market reaction.
Yes. That should be a clarifying statement for just how utterly horrible the left is.
it's not to anyone outside the MAGA base. congrats.
i like it when the party that doesn't give a shit about the long term ramifications for our environment and the climate crisis that will face future generations acts like we're supposed to believe they have some long game in play for economic thriving that is supposed to benefit us all.
Listening to Howard Lutnick reminds me of Vince in the old Shamwow infomercials
Vince Offer https://g.co/kgs/hvyEydh
Trump will be senile or deceased leaving a hell of an economic and constitutional mess
There is nothing in Trump's business background for anyone to buy in to his BS other than his self adoration. He never admits to making a mistake and just plays the blame game. Trump University was obviouly the fault of someone else
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Wrong but it is a window into your irrational hatred.
I appreciate your independent thinking. We are alike in that regard, I don’t buy into either party hook line and sinker. I pray for our nation and its economy.
we need better political options than the far left and right menu choices we are limited to
Except- more manufacturers cannot build factories during the next 3.5 years and no one knows what the next loony toon will do— or for that matter what the current occupant will do next week. He did state at one time it was a tactic to encourage negotiation. Next week he could become the champion of free markets.
Successful companies don’t make big investments in uncertain markets.
More likely Reagan’s insights come true, US manufacturers become reliant on skewed economics, make corresponding bad decisions based on illusory market conditions that affect their ability to compete globally and suffer a fate similar to US automakers in the 1970’s and ‘80s.
What about the hundreds of PhD economists from every major school that point to the pitfalls?
I miss the days when one party would have the White House, one would have the Hill, and only the most important things got done.
It will take a long time.
Change is hard. We have been getting ripped off for 40 years, I don’t think it’s going to change overnight.
They are restructuring global trade. Not going to be easy or quick. Something was necessary. What is arguable.
Trump won, so give him his chance. That’s why we have elections. He isn’t doing anything he didn’t run on. In fact, he is doing exactly what he ran on!
I miss the days when there were intelligent grownups in charge of both parties.
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