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How long do you think shareholders will permit that erosion in margin?
Board Trump supporters
- Thread starter theel4life
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rodoheel
Iconic Member
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Link to the economic benefits the country has seen from "Liberation Day" tariffs? Has Trump lowered consumer prices or inflation? Has he reduced the debt or deficit? These are the things he said it would be easy to do day 1, right? Guess that was about as accurate as his pledge to bring peace to Ukraine and Gaza on day 1, huh?
rodoheel
Iconic Member
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It was 2.4% in March. You must have a different definition of "coming down" than I do.
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JFC, I sure hope it gets better than this.
superrific
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1. Now that it's cheaper to produce cars in Germany and send them with 15% tariffs to the US than to produce cars in the US with the hefty steel tariffs, how it that helping American manufacturing?
2. European markets have always been open and it's unclear what you are talking about. The EU is the most open market in the world, I believe (perhaps after Singapore).
3. Billions of dollars pledged. LOL. You fell for the same trap as Trump. The Europeans have already
4. We will see what happens from the EU. The deal is not final, and I suspect there will be at least a few tariff increases for Europe. But I also suspect the Europeans are counting on a Canada effect -- boycotts will hit harder than tariffs.
5. Trade deals are not about CAVING. Trade is mutually beneficial. Europe will trade more with China and India and less with the U.S. We're going to have these fat tariffs and nobody to sell to.
6. The trade policy has been a disaster and continues to be so. I have no idea why you think it's good that interest rates and inflation is up, while GDP is down.
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superrific
Legend of ZZL
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Not at all. American retailers have been eating the tariffs. Foreign exporters are maybe covering 15%.
Retailers have so far been eating the tariffs because TACO. If these tariff levels actually get implemented, costs will be passed on. And our consumer choice will decline.
superrific
Legend of ZZL
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If you want to put 9.1% on Biden, then I will put the massive job losses of 2020 on Trump. They were two sides of the same coin.
superrific
Legend of ZZL
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to expand on this point, Interest rates hit their low last September, exactly coincident in time with Kamala wiping the floor with Trump in the first debate. That was the high water mark of the market's perception of her odds of winning. When I say exactly, I mean to the day (if I recall correctly -- it was two days at most).
Since then, interest rates climbed and have plateaued at a higher equilibrium level than we've seen since the 1990s, I think.
Also, The interest rate spike has nothing to do with Powell. The Fed doesn't control long term interest rates. What these higher rates are saying is: a) America is broke because of "big beautiful bill" and b) inflation is expected to rise.
There are some posters on this board who love to prattle on about interest rates or inflation without realizing their interconnection.
BillOfRights
Honored Member
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If the 9.1% inflation (1 monthly reading) is on Biden, then -28.2% drop in GDP (Q2 2020) is on trump.
WORST ECONOMY EVER.
THE BIGGEST DROP.
NOBODY EVER FAILED LIKE THAT.
THE BIGGEST FAILURE EVER.
ETA: What kind of shit-for-brains would make such a moronic argument. ramrou... oh never mind.
ETA: ram, that came across a little harsh. You may be a good neighbor or something. I'm confident you have some redeeming qualities, but your comment indicated a level of ignorance, either your ignorance if you made it in good faith, or your assumption that the rest of us are ignorant, or you're just a troll. I regret that my response came across as harsh, but you deserved my scorn and derision.
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What's historic about the trade with the EU, they were already a good trade situation and they used to be a friend?
The 15% tariff is a significant increase from previous rates and will likely result in higher costs for European goods, potentially leading to increased prices for U.S. consumers.
While the deal averted a steeper 30% tariff previously threatened by the U.S, it represents a shift in the U.S.-EU trade relationship. Critics argue the deal is imbalanced and may not address the underlying trade issues between the U.S. and Europe, according to the New York Times
Which markets were closed?
Billions, are you referring to Japan? Japan has since said that trump was full of shit.
I'm all for fair trade, what's being described here isn't fair trade. And no one has caved to trump. Half these announcements have not materialized.
How do you define success?
NATO has established a new spending target where all member nations will allocate 5% of their annual Gross Domestic Product (GDP) to defense and security-related spending by 2035. Yea, that will happen.
The 5% target is divided into two main categories: 3.5% of GDP will be dedicated to core defense requirements, such as military equipment, personnel, and operations. The remaining 1.5% will be allocated to broader defense and security-related investments, including infrastructure, cybersecurity, and civil preparedness
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I mean, this is absolutely 0%, right: The EU has agreed to reduce its tariff on U.S.-made cars from 10% to 2.5%
tonman
Exceptional Member
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You agree that the inflation was due to the pandemic? You agree that Trump and Republicans extended the pandemic because they didn't want to follow the recommendations of the CDC? You agree that Biden inherited this mess and a shut down global economy that occurred under Trump? Do you understand the word "context"?
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27 Billion surplus in June due, in large part, to the tariff revenues. This is only the beginning. I wasn't a fan of tariffs but Trump is navigating this in genius fashion. The market approves and even the talking head financial analysists on cable are singing his praise for the way the tariff issue is working itself out.
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And exactly which policies contributed to that?
I know you understand that the president is often credited for things that had little to nothing to do with their policies and that policies are lagging more than instantaneous.
CFordUNC
Legend of ZZL
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The tariffs are totally genius and working perfectly, except for the, you know, higher costs that everyone is paying for literally everything as a result, or the reduced GDP growth, or the job losses, or the wage reduction, or the trade deficits that have somehow remained exactly as-is, or the retaliatory impacts by our biggest trading partners, or the disruption of supply chains, or the higher input costs for U.S. manufacturers which makes them materially less competitive in the long run.
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Which tariffs? He flip flops on 98% of the shit he announces. What happened to 90 deals in 90 days? Why is the right so accepting of his constant lies?
rodoheel
Iconic Member
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As for the June budget surplus, here is a link for you to read:
Trump's Hollow Surplus Claim - FactCheck.org
In recent speeches and media scrums, President Donald Trump has lauded the federal budget surplus for the month of June, claiming the surplus had not happened in "many, many years" or "decades." To be clear, the U.S. had not recorded a surplus in June since 2016 – but the country has had several...
www.factcheck.org
As for tariff revenue generally, even if you optimistically estimate that the tariff revenue increases by $250 billion per year, that will not come close to offsetting the $400 billion+ per year in tax revenues that we will lose due to Trump's tax cuts for the wealthy. Sure is great business, giving up $400 billion in revenue in exchange for a much lower amount that also raises consumer prices, huh?
As for the market - it is basically flat from election day to today. and is barely up from when Trump took office to today. I have to think you're hoping for a better return than that from the Trump years. I wouldn't be crowing about the fact that Trump has basically been able to keep the market level as a big success.
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The 9.1% inflation was caused by Biden raising spending by 4.7 TRILLION for his green new energy deals which raised spending by 22% over prior law. Not a shocker inflation exploded.
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That wasn't immediate and because the spending lags it wasn't a primary driver of inflation. Much of the inflation was driven by the pandemic spending and supply chain issues.
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So it basically replaced the corporate tax change that trump gave them. So it's a shell game. They either pay the corporate taxes or the pay tarrifs.