It's Tariff Tuesday. How is your portfolio doing?

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superrific said:
The US has not been unfairly treated at all.
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WHOA! WHOA! WHOA! Let me stop you right there, chief. My MAGA God-Emperor has said many many times that the US has been treated unfairly in our trade deals. So you can come in here with your facts and statistics based in reality, but it don't hold water. You may have truth on your side, but I've got my unwaivering faith that what my King says is true. All of it. Damn your facts, Science Man! MAGA!!!!!!!

Channel 9 Reaction GIF by Married At First Sight
 
nycfan said:
Freak out at WSJ continues to grow

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“…“Our deep concern is that this could be the start of a downward spiral that puts us in 1930s trade-war territory,” said Andrew Wilson, deputy secretary-general of the ICC, which promotes global business and trade. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

The likelihood of a similarly severe blow to the global economy is high, Wilson said in an interview Tuesday. “Right now it’s a coin-flip,” he said. “It comes down to whether the U.S. administration is willing to rethink the utility of tariffs.”

… Trump has promised to impose similar tariffs on European goods, raising the prospect of retaliation in kind and a global trade war.

“That puts us in a remarkably precarious position that will cloud the global economy for the coming months,” Wilson said. …”
 
PandemicBlue said:
We'll see how all this works out in the end. If there is pain for a while but at the end, we end up with trade deals with our trading partners that are equally as fair to America as they are to them, then it will definitely be worth it.

The US has been unfairly treated for years when it comes to trade. Surely, we have the toughness required to push back against the unfairness now that we have a president with the balls to actually push back. Or we can just stay the world's pushover and see how much longer we can afford to be used as the world's piggybank.
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Hahahahahahahahahahaah folks, this is as close to an admission as we'll ever get from a MAGA that they realize they done fucked up. We've officially reached the "well, yeah, prices are going to skyrocket, and yeah, groceries are going to become unaffordable, and yeah construction costs are about to go through the roof at the same time we eliminate the construction labor force, and yeah, we're about to plunge into the worst economic recession in generations....but it'll all be worth it, you'll see, Trump knows what he's doing, he's playing 9-dimensional chess!!!!!!!"

LMFAO.
 
Bobfripp said:
You want trade deals? Negotiate.
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The problem for Trump is that trade deals are painstakingly difficult, because they get down into the weeds like no government policy I've ever seen. Literally trade negotiators haggle over every single trade category. The US recognizes over 17,000 different categories.

And Trump, of course, has no interest whatsoever in the detailed work.

The Tokyo round of multilateral tariff negotiations took 74 months. The Uruguay round -- the most recent successful round -- took 87 months.
 
PandemicBlue said:
We'll see how all this works out in the end. If there is pain for a while but at the end, we end up with trade deals with our trading partners that are equally as fair to America as they are to them, then it will definitely be worth it.

The US has been unfairly treated for years when it comes to trade. Surely, we have the toughness required to push back against the unfairness now that we have a president with the balls to actually push back. Or we can just stay the world's pushover and see how much longer we can afford to be used as the world's piggybank.
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What trade deals are we treated unfairly in, how are they unfair, and why is crippling the economy the only way to negotiate changes?
Also, who negotiated the last deal we made with Mexico and Canada and declared it the “fairest, most balanced” deal ever created? I’ll give you a hint: he is orange in color, has straw for hair, and wears a diaper.
 
Investors are trying to will all of the major indeces into the green for the day. Not sure the Dow is gonna make it.
 
JCTarheel82 said:
Investors are trying to will all of the major indeces into the green for the day. Not sure the Dow is gonna make it.
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It sort of surprised me that the market opened lower today. The tariff resumption should have been baked in, and to the extent that only a probability of it happening was baked should have been reflected in the action yesterday.

Look at the longer trends.
 
nycfan said:
“…“Our deep concern is that this could be the start of a downward spiral that puts us in 1930s trade-war territory,” said Andrew Wilson, deputy secretary-general of the ICC, which promotes global business and trade. High tariffs on foreign goods imported into the U.S. in that decade contributed to a damaging global recession. The downturn plunged nearly a third of the global workforce into unemployment and slashed production at heavyweight industrial economies Germany and the U.S. by half, according to research from the International Monetary Fund.

The likelihood of a similarly severe blow to the global economy is high, Wilson said in an interview Tuesday. “Right now it’s a coin-flip,” he said. “It comes down to whether the U.S. administration is willing to rethink the utility of tariffs.”

… Trump has promised to impose similar tariffs on European goods, raising the prospect of retaliation in kind and a global trade war.

“That puts us in a remarkably precarious position that will cloud the global economy for the coming months,” Wilson said. …”
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Don't worry, as soon as Dear Leader slaps them down and threatens the WSJ in a late-night tweet or two and other MAGAs join in I'm sure the WSJ will quickly fall back into line. God knows the great majority of other our so-called "free press" certainly has.
 

Trump Takes the Dumbest Tariff Plunge​

He says the 25% levies on Mexico and Canada will begin Tuesday. Stocks fall.​

www.wsj.com

Opinion | Trump Takes the Dumbest Tariff Plunge

He says the 25% levies on Mexico and Canada will begin Tuesday. Stocks fall.
www.wsj.com www.wsj.com

"... President Trump likes to cite the stock market when it’s rising as a sign of his policy success, so what does he think about Monday’s plunge? The Dow Jones Industrial Average took a 650-point header after he announced that he’ll hit Mexico and Canada on Tuesday with 25% tariffs.

...We’ve courted Mr. Trump’s ire by calling the Mexico and Canada levies the “dumbest” in history, and we may have understated the point. Mr. Trump is whacking friends, not adversaries. His taxes will hit every cross-border transaction, and the North American vehicle market is so interconnected that some cars cross a border as many as eight times as they’re assembled.

Mr. Trump also objected when we reported an analysis by the Anderson Economic Group that the 25% tariff will raise the cost of a full-sized SUV assembled in North America by $9,000 and a pickup truck by $8,000. Is this how the new Republican Party plans on helping working-class voters?

Mr. Trump is volatile, and who knows how long he’ll keep the tariffs in place. Retaliation that hits certain states and businesses may also cause him to reconsider sooner than he imagines. Investors are trying to read this uncertainty as they also watch growing evidence of a slowing U.S. economy. Unbridled Tariff Man was always going to be a big economic risk in a second term, and here we are."
 
PandemicBlue said:
We'll see how all this works out in the end. If there is pain for a while but at the end, we end up with trade deals with our trading partners that are equally as fair to America as they are to them, then it will definitely be worth it.

The US has been unfairly treated for years when it comes to trade. Surely, we have the toughness required to push back against the unfairness now that we have a president with the balls to actually push back. Or we can just stay the world's pushover and see how much longer we can afford to be used as the world's piggybank.
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Oh come on now, you can certainly do better than THAT. Nobody with an IQ over 85 takes Trump at his word. His word means absolutely nothing. In fact, you would win agreat deal of money if you bet on every single statement he makes is a lie.

Even the average MAGA cultist admits they don't like him as a person or how he acts, they just like his policies.

So please elaborate more with details. Surely, you have been spoonfed some BS spin misinformation in more detail from Hannity, Tucker, and Ingraham.

We need all the comedy we can get under these increasingly gloomy times under your cult leader.

Throw us a bone or two. Please?

And never, ever, forget that this is all your fault. I thought it would take at least 6 months to be able to point this out to MAGA world.
 
Does douglas still post here? I’m pretty sure he did in the early days of this board. I remember during Trump’s first term he loved to start threads on the old ZZLP about how giddy he was about his portfolio.
 
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