OT: Tariff Economics Discussion

[TigerGrowls]

No one in my family who voted for Trump owns any stocks

For all the rich Democrats panicking today- you now know how it must have felt

When Jimmy Carter destroyed 400,000 trucking jobs

When Bill Clinton signed NAFTA, shipping jobs to Mexico and Canada, causing industry to board up in the middle of the country, left to rot

When he deregulated the finance industry and lead us to the 2008 housing crisis

And

When Obama told us: “sorry, some jobs just aren’t coming back”

If you see this post, I hope you look in the mirror at some point today and recognize the destruction your own party has played in the lives of working class Americans

This is what liberation day is all about

No one is going to weep for your stock portfolio

Where were you when we lost our American dream?

 

[TigerGrowls]

🇺🇸 Ross Perot Was Right. Trump Proved It.

In 1992, during a historic presidential debate, independent candidate Ross Perot looked America in the eye and gave us a prophecy.

“If you’re paying $12, $13, $14 an hour for factory workers, and you move your factory south of the border… pay a dollar an hour, have no health care, no environmental controls, no retirement… there’ll be a giant sucking sound going south.”

He wasn’t wrong. He was early.

Perot wasn’t backed by PACs, parties, or special interests. He was powered by 5.5 million Americans who put him on the ballot because they were tired of being lied to. Tired of the fake choices between two corrupt machines. He brought charts, truth, and the heart of a businessman who had built things — not just talked about it.

He spoke of balanced budgets, public accountability, and the decay of the middle class. He waved a "voodoo stick" in one speech to mock the voodoo economics of the establishment. He exposed how corporate executives got richer while average Americans struggled to pay rent.

📉 Between 1977 and 1992:

The poorest 60% of Americans lost purchasing power.

The top 1% increased their wealth by 138%.

Trickle-down? It never trickled. It pooled at the top.

He warned of a government run by lobbyists, of $4 trillion in public debt, and of outsourcing America’s future to countries that don’t share our values.

He said:

“We need to practice 21st century capitalism — not 19th century exploitation. We need small business growth, modern industry, and to rebuild this great country. Not just let it rot while politicians play golf.”

He called for:

Slashing congressional perks and staff

Ending special interest contributions

A simplified, fair tax system

Investment in Made in USA jobs and industries of the future

Stopping career politicians from lobbying after leaving office

A government that works for the people, not themselves

Sound familiar?

🔁 Fast forward to @realDonaldTrump:

Withdrew from the TPP

Replaced NAFTA with USMCA

Slapped tariffs on China and brought manufacturing back

Promoted economic patriotism and fair trade over free trade

Refused to be bought by donors and global corporations

Today @POTUS Trump delivered on what Perot had long ago demanded.

This isn’t about Republican or Democrat.
It’s about America First. It’s about finally having a leader who fought for the same people Perot stood up for.

📽️ Perot said:
“You move your factories across the border, lose your middle class, and you won’t be able to defend this country.”

He was mocked. Laughed at. Even "fact-checked."

But 30 years later — we’re living in his warning.

And Trump?
He did something about it.

We must never forget Ross Perot’s voice. He lit the fire. Trump kept it burning.

Let’s finish what they started with @POTUS 2025.

 

[fatpiggy]

When I was in Europe a few months ago you could count the number of American made cars on one hand.

 

[fatpiggy]

 

[fatpiggy]

Trumps policy is that of a 90’s democrat.

The democrats have lurched so far left they don’t even recognize it!!!!

 

[MTTiger19]

Europe is starting to understand:
NEW: UK Prime Minister Keir Starmer to declare that globalization has failed, plans to show that he understands President Trump’s tariff decision.

The announcement is set for Monday, according to The Times.

“Globalisation doesn’t work for a lot of working people. We don’t believe trade wars are the answer. This is a chance to show that there’s a different path,” Starmer said, according to the Times.

“Trump has done something that we don’t agree with, but there’s a reason why people are behind him on this. The world has changed, globalisation is over and we are now in a new era,” a Downing Street official said, according to the outlet.

 

[scotchtiger]

When I was in Europe a few months ago you could count the number of American made cars on one hand.

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There are some practical reasons for this. Most Europeans drive small, affordable cars. There are a bunch of those available there and it’s not exactly American auto’s specialty. There are a bunch of brands I’ve never heard of when I go over there. Compact, spartan interiors, etc.

Europeans with money also like sports cars. Again not an American specialty. Many in our leadership team over there drive Porsches. My boss has a Ferrari. What American made alternative should they consider and why?

No demand over there for large trucks and SUVs, which are categories where American made excels.

Anyways, I know this won’t stop the spin on the topic.

 

[UrHuckleberry]

Trumps policy is that of a 90’s democrat.

The democrats have lurched so far left they don’t even recognize it!!!!

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This is an easy one for me being someone who tends to be pretty moderate fiscally and lean left socially. Someone who never voted Dem until MAGA. I wouldn’t have supported 90’s Dems either

I’m thrilled the Dems have moved towards the former pubs position with this. Free trade and free market.

 

[ClemsonCO14]

The only thing enjoyable about tariffs is watching MAGA deploy its pretzel logic in real-time… They’re not sure if they should go down the “90s Dems liked tariffs” (ignoring they were very targeting, unlike today), “there will be temporary pain but will bring back American jobs” (ignoring basic supply chain and global trade dynamics), to even saying Soros is paying protestors this weekend (ignoring how irrational that is and, much worse, Musk blatantly attempting to buy an election in Wisconsin by directly paying voters).

Very, very few reputable economists and business leaders believe tariffs are a good idea. It will take time for the less educated / intelligent (ie, MAGA) to come to the same realization, but it will occur if Trump doesn’t move off his position relatively quickly.

We may actually be witnessing the demise of MAGA…

 

[firegiver]

Watching face the nation .... they can't even say what the plan is.....

 

[dpic73]

Watching face the nation .... they can't even say what the plan is.....

Interesting that if they do re-home these factories, they'll be staffed with great American robots, per Lutnick

 

[firegiver]

Interesting that if they do re-home these factories, they'll be staffed with great American robots, per Lutnick

Yep. The issue i have is the total disregard for the pain the American people are going to feel. If the stars align on trumps plan, it's going to take decades to get these jobs realized. The plan is shaky there's no talk about how they keep small businesses who rely on international supply chains, open. It could be a blood bath.

 

[dpic73]

View embedded media

No one in my family who voted for Trump owns any stocks

For all the rich Democrats panicking today- you now know how it must have felt

When Jimmy Carter destroyed 400,000 trucking jobs

When Bill Clinton signed NAFTA, shipping jobs to Mexico and Canada, causing industry to board up in the middle of the country, left to rot

When he deregulated the finance industry and lead us to the 2008 housing crisis

And

When Obama told us: “sorry, some jobs just aren’t coming back”

If you see this post, I hope you look in the mirror at some point today and recognize the destruction your own party has played in the lives of working class Americans

This is what liberation day is all about

No one is going to weep for your stock portfolio

Where were you when we lost our American dream?

 

[dpic73]

Yep. The issue i have is the total disregard for the pain the American people are going to feel. If the stars align on trumps plan, it's going to take decades to get these jobs realized. The plan is shaky there's no talk about how they keep small businesses who rely on international supply chains, open. It could be a blood bath.

These new jobs are also being sold as a boon for working class Americans when they'll actually require robotics technicians and people degreed in robotics engineering. These will not be blue collar jobs.

 

[scotchtiger]

These new jobs are also being sold as a boon for working class Americans when they'll actually require robotics technicians and people degreed in robotics engineering. These will not be blue collar jobs.

Yea. Robotics, AI, etc is the future of manufacturing, not getting ole Johnny a job upgrade from the chicken plant to the assembly line.

I do think there is value though in onshoring and replacing cheap labor with infinitely scalable technology and thus having more control over supply and cost. But as with much of this stuff, it doesn’t seem like it’s going to play out as promised to the electorate.

 

[fatpiggy]

There are some practical reasons for this. Most Europeans drive small, affordable cars. There are a bunch of those available there and it’s not exactly American auto’s specialty. There are a bunch of brands I’ve never heard of when I go over there. Compact, spartan interiors, etc.

Europeans with money also like sports cars. Again not an American specialty. Many in our leadership team over there drive Porsches. My boss has a Ferrari. What American made alternative should they consider and why?

No demand over there for large trucks and SUVs, which are categories where American made excels.

Anyways, I know this won’t stop the spin on the topic.

Why not open up the market and let us compete? Maybe we will make a smaller vehicle?

Is it the chicken or the egg? We won’t know unless we change. As it it, I don’t think the gripe is misplaced. I think it’s a fair observation especially when considering the 25,000 ft macro view in that America is the dominant market.

I wonder how much their green energy policies add to the cost of an SUV?

Why are SUV’s so popular in America but not Europe? Checked the price of a liter of petrol in Europe lately? Why should America subsidize europes energy policies? @scotchtiger

Maybe it’s not that Euros don’t like big cars, maybe they are just taxed way too heavily?

 

[fatpiggy]

The only thing enjoyable about tariffs is watching MAGA deploy its pretzel logic in real-time… They’re not sure if they should go down the “90s Dems liked tariffs” (ignoring they were very targeting, unlike today), “there will be temporary pain but will bring back American jobs” (ignoring basic supply chain and global trade dynamics), to even saying Soros is paying protestors this weekend (ignoring how irrational that is and, much worse, Musk blatantly attempting to buy an election in Wisconsin by directly paying voters).

Very, very few reputable economists and business leaders believe tariffs are a good idea. It will take time for the less educated / intelligent (ie, MAGA) to come to the same realization, but it will occur if Trump doesn’t move off his position relatively quickly.

We may actually be witnessing the demise of MAGA…

I’d just note that the “reputable economist and business leaders” got us into the situation we were in.. And they got voted out.

Trump is not doing anything he didnt campaign on. He won. The people spoke. They were tired of globalism.

 

[fatpiggy]

Regardless of which way you lean, pretty funny we have a 10% retaliatory tariff on an island inhabited entirely by penguins.

Here is your explanation. And it makes perfect sense. Trump ain’t ****in around. You aren’t going to evade his tariffs without negotiating with him.

 

[dpic73]

Here is your explanation. And it makes perfect sense. Trump ain’t ****in around. You aren’t going to evade his tariffs without negotiating with him.

View embedded media

 

[UrHuckleberry]

Here is your explanation. And it makes perfect sense. Trump ain’t ****in around. You aren’t going to evade his tariffs without negotiating with him.

View embedded media

If you can’t find the humor in it, you are lost.

Also, they could’ve said like “10% on any unnamed territories, etc”.

 

[Dadar]

Watching face the nation .... they can't even say what the plan is.....

They just keep repeating illogical sound bites

There are a lot of things I could agree with, but not with this throw it against the wall approach with no diplomacy.

 

[Dadar]

They just keep repeating illogical sound bites

There are a lot of things I could agree with, but not with this throw it against the wall approach with no diplomacy.

And add in a cabinet that reminds me of the 3 stooges

 

[Dadar]

Should be some interesting conference calls following quarter reports

First-quarter earnings will be all about tariffs and the economic outlook. But are forecasts worth anything?: https://on.mktw.net/4j0ERlI

 

[TigerGrowls]

BREAKING: Economic Council Director Kevin Hassett just announced that over 50 countries have already reached out to begin negotiations following President Trump's new tariff policies:

"I got a report from the USDR last night that more than 50 countries have reached out to the President to begin a negotiation. But they're doing that because they understand that they bear a lot of the tariff."

 

[fatpiggy]

Markets going to be ugly in an hour!

 

[Dadar]

Big gap down on futures at the globex open.
NQ & ES down about 5%

China was closed Fri will open 9:15 PM ET

 

[dpic73]

 

[fatpiggy]

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God Kinzinger is dumber than i thought. Now i know why i blocked that little lying, insider trading, midget.

 

[TigerGrowls]

BOOM!!!

 

[MTTiger19]

It’s working.

BREAKING: Economic Council Director Kevin Hassett just announced that over 50 countries have already reached out to begin negotiations following President Trump's new tariff policies:

"I got a report from the USDR last night that more than 50 countries have reached out to the President to begin a negotiation. But they're doing that because they understand that they bear a lot of the tariff."

 

[TigerGrowls]

Excellent summary…

The Balancing Act: Tariffing Foreign Nations and Bringing Back American Manufacturing

• By next April, tariffs have the potential to bring in $300 billion to $600 billion in its first year. Revenue we never had.

• But what will happen simultaneously is while we are taking in these monstrous tariffs (income) over time, the ultimate goal of these tariffs is to bring those factories back home to America.

• When asked if we have the necessary labor force for this transition, he says absolutely—with the use of AI and automation, all of these factories will be smart factories, and we will have the labor force needed to run them.

 

[fatpiggy]

If this were to somehow happen, it would offset much of the losses we have seen in the market.
That would be a huge savings. 20-40% of your gains.

 

[TigerGrowls]

 

[TigerGrowls]

 

[fatpiggy]

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Chinas economy is under a lot of pressure. Specifically deflationary pressure. Their economy is also a facade. Trump has the upper hand, doesn’t mean he can’t fvck it up though

 

[TigerGrowls]

Nice first person observation from an American who was working when this all started.



Older American explains “How the middle class was destroyed”

“In 1978, I worked in a steel mill. I was getting paid between $16 and $18 an hour in a steel mill. My house payment was $125 a month. I was doing well. Then we started not putting tariffs on China Steel, steel coming in from China and other countries.

They were supplementing their industry, and they took our steel industry away from us. So I lost my job. They shut the mill down, and then I had to go figure it out.

At the time, I was married with three kids, and this was in the 80s, early 80s, and I had to figure it out. I couldn't get a job that was going to pay sufficient for. To be able to survive. So I had to create my own businesses, and I've done that ever since. But it was the taking of the steel mills from this country and all these others that they've taken the auto industry and everything else that's killed our economy.

Now you start making a fair playing field is what Mr. Trump is doing. President Trump is doing. Those jobs will come back, people will start making money. And you say, oh, well, you know, now we're not going to get cheap products.

Now we're not going to get cheap products. But all the money that we're paying those countries for those cheap products will stay in this country and we will start manufacturing and we will have those jobs that pay good again. You'll see.”

 

[dpic73]

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[TigerGrowls]

In his interview with Treasury Secretary Scott Bessent, THIS FACT made Tucker Carlson pause and say, "That's the message right there. Just as a bystander I'm like, wow, okay."

This is what Sec. Bessent described to Tucker:

"The good news is we have President Trump's previous term ...working class Americans and hourly workers did better than supervisory workers. The bottom 50% of households, their net worth increased faster than the top 10% of households.

And look, I'm not happy with what's going on in the market today, but the distribution of equities across households, the top 10% of Americans own 88% of equities, 88% of the stock market.

The next 40% owns 12% of the stock market. The bottom 50 has debt. They have credit card bills. They rent their homes, they have auto loans and we've got to give them some relief."

 

[tboonpickens]

all because a bunch of morons elected an ever bigger moron

 

[tboonpickens]