OT: Tariff Economics Discussion
- Thread starter scott in nashville
- Start date
Buffet doesn’t like Tariffs. No surprise coming from the biggest benefiter of the policies.
Also, he still doesn’t like Bitcoin. Looks like he was wrong on that one.
Still the goat though
Warren Buffett knocks tariffs and protectionism: 'Trade should not be a weapon'
https://www.cnbc.com/2025/05/03/war...are|com.apple.UIKit.activity.CopyToPasteboard
Also, he still doesn’t like Bitcoin. Looks like he was wrong on that one.
Still the goat though
Warren Buffett knocks tariffs and protectionism: 'Trade should not be a weapon'
https://www.cnbc.com/2025/05/03/war...are|com.apple.UIKit.activity.CopyToPasteboard
The 3rd quarter will be the litmus test IMHO. Hope y'all are correct, but way too early see where this is going.
Ford Pulls Outlook, Sees $1.5 Billion Hit From Trump Tariffs
Ford Motor Co. suspended its full-year financial guidance and said President Donald Trump’s auto tariffs will take a toll on profit, joining rivals stung by volatile global trade policies.
www.bloomberg.com
Why China is in no rush to seek U.S. trade deal: https://on.mktw.net/4k47y19
www.bloomberg.com
One Ship, $417 Million in New Tariffs: The Cost of Trump’s Trade War
Data suggests companies importing cargo on the OOCL Violet face at least $417 million in new Trump administration tariffs.
www.bloomberg.com
Would just like to point out your article refers to the heavily biased and proven disinformation provider Brookings institute. It doesn't discredit what they say but it needs to be read knowing that slant.Why China is in no rush to seek U.S. trade deal: https://on.mktw.net/4k47y19
One Ship, $417 Million in New Tariffs: The Cost of Trump’s Trade War
Data suggests companies importing cargo on the OOCL Violet face at least $417 million in new Trump administration tariffs.
China is feeling the heat whether they want to admit it or not.
It doesn't matter who their sources are... Yours are fake. Alternate reality for MAGA land.
He also basically said the fed is clueless currently and risk is elevated
Tariffs are coming home to roost where I am as we just lost $2.5 million dollars we had on the books, specifically because of the tariffs. This shit isn't theoretical.
Yes. More reason we should dissolve them.
They are clueless? What do we need them for. Just let the market set rates.
The tariff rollout had some early turbulence, but this deal shows the strategy working—apply maximum pressure, then pivot to targeted wins. The 90-day pause allowed recalibration, focusing leverage where it counts. Markets might squirm, but realigning global trade around American interests requires shaking the table first.
China’s 125% tariff wall crumbles as partners rush to avoid being locked out. This isn’t just a deal—it’s D.C. finally learning that brute force needs finesse. The goal was never chaos for chaos’ sake. It was forcing the world to re-engage on OUR terms.
Now watch as more nations fold, realizing resistance is futile against an economy this dominant.
Different Age
Like us old farts there is a changing world that will not work using old tried and proven methods
Buffet is the GOAT BUT changes are coming
If there is a slowdown in ports and docks happening, it's not happening in S.C.
I have been on the boat everyday this past week and I can assure you the Charleston Harbor has been full of fully loaded ships.
Throughout the year i have gone by and seen empty spots, but the past couple of weeks every space has been full when i have gone by.
I doubt we see the shortage of goods democrats have been clamoring on about and it certainly wont be in the next month or two. It would take a couple weeks of no ships for the shelves to run dry and that just has not been whats happening.
With 17 of 18 trading partners negotiating and the 18th starting Saturday, I think we will be just fine.
MORE BIG NEWS... Commerce Secretary Howard Lutnick now says that Rolls Royce engines, other plane parts can come into the US TARIFF-FREE - and that the UK will be buying $10 BILLION of Boeing planes "later today."
Liberation Day looking really good right about now.
Lutnick said this kind of UK trade deal normally takes 3 years. This time it took a bit over a month.
President Trump is PITCH PERFECT on trade relations with China. Notice he is open to lowering tariffs, but only IF China opens up its markets to America:
"China has a tremendous trade surplus with us, and we just can't have that ... I would like to see China opened ... You can't compete when you're not allowed to go there. China is the number one example of that. They are very closed."
It’s honestly comical. I agree with a tougher trade stance towards China - including strategic tariffs - but the execution by the administration has been abysmal. I can’t think of any similar precedent where an administration has risked pushing a stable and growing economy into a recession through haphazard economic policies. Trump lacks the intelligence and sophistication to implement tariffs in a way that strengthens America without risking short and long-term (and potentially irreversible) adverse impacts.
I’m starting to feel bad for you, but this is not an example of a “win” by the Trump administration.
- The UK trade agreement had been in works for almost a decade - representing that the deal was made in a month is completely disingenuous
- We have a trade surplus - not deficit - with the UK, making the UK a country where we need to preserve trade dynamics (vs. right size like China)
- Plane purchases - especially wide bodies - can take up to a decade for delivery. These purchases - which IAG (the purchasing airline) - stated had been in the works for a very long time. Note there are only two options for these types of planes (Boeing + Airbus) and diversification is employed for a number of reasons (note the purchase is relatively evenly split between the two OEMs)
I have provided facts and data to counter why positioning this particular deal as a sign that Liberation Day is succeeding is completely disingenuous. I’d be interested if you can use facts and data (and not MAGA twitter posts) to counter as to why this is a win and what has actually changed from the status quo.
Nothing has materially changed when the “deal” is done.
Blow it up, say it was horrible, ish hits the fan, go back and do a similar deal, claim massive victory. What a terrible negotiation.
This forum provides an outlet for my frustration towards MAGA’s ignorance. @TigerGrowls spends a significant amount of time everyday posting notes from MAGA social media, but is incapable of engaging in any sort of intelligent debate. I do think he is an outlier amongst outliers, but he could still use a fraction of the time he spends parroting ignorant social media posts to educate himself on the basics. @fatpiggy will engage but also doesn’t have the education (taught or self-taught) to engage on economic-related matters.
One good thing about the tariffs is that it exposes the objective ignorance of MAGA.
This pablum you are spewing does not qualify as debate bro. I prefer to look at results and the Trump doctrine is producing already in areas that are important to me.
Props to you knowing the word pablum but immediate demerit for your incorrect usage. I am not using ideas or theories - I’m using verifiable data and information above -
- Trade negotiation timeline extending well beyond the month being hyped by the administration
- The basic trade dynamics and motivations when we’re in a trade surplus
- The process and timeline for ordering planes by airlines and aircraft lessors
So let me make this easy for you -
- Do you really think the trade deal in its entirety was the result of a one month process? Follow-on - do you think both parties have just ignored the need for a trade agreement post-Brexit until the past few months? If so, why?
- What ultimately will change will change about our trade with the UK and how do you quantify the change?
- In your experience, what is the timeline for negotiation to deal to delivery for new wide body aircraft?
You and @fatpiggy parrot social media posts from MAGA influencers with zero credentials. I post questions based on my education and experience in finance and industry. Both of you fail to respond with any data/logic/facts every time I, or someone else with relevant education and experience, prompt you to engage on the very BASICS of topics you continuously post about.
See above - please respond to the three basic questions and elaborate on why the UK trade deal is a major “win” for the administration when taking into account all of the risks the tariffs introduced.
Just wanted to bring up the moment when you actually ran away with your tail between your legs. Then acted like it never happened lol.
Europe presents a challenge. They need to borrow enormous sums of money to bolster their defense mechanisms. Who could be the likely buyer of that debt? China perhaps, with some reciprocal help to solve Chinas export problems. It’s the devil you know……..
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