Tariffs Catch-All

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superrific said:
So Lutnick was bullshitting. Isn't he like Trump's only actual friend in the world? I wonder who Trump will ask to fire him. Is Meat Loaf still available?
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I think meat loaf died from covid. At the very least he died during covid
 
1moretimeagain said:
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Yet another of the "good for thee, but not for me" line of thinking that is so prevalent among Trumpers. They're all for gutting government services as long as it doesn't affect them. They're all for a trade war as long as it won't affect them. They hate seeing minorities or people they don't like getting welfare or government "handouts", but as farmers who voted for Trump have already proven in his last term, they're perfectly happy to accept such goodies themselves.
 
Mulberry Heel said:
Yet another of the "good for thee, but not for me" line of thinking that is so prevalent among Trumpers. They're all for gutting government services as long as it doesn't affect them. They're all for a trade war as long as it won't affect them. They hate seeing minorities or people they don't like getting welfare or government "handouts", but as farmers who voted for Trump have already proven in his last term, they're perfectly happy to accept such goodies themselves.
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I don't think this data implies what you think it does. I would answer 'agree' to the first statement, and 'disagree' to the second statement. Only 2% of Americans work in manufacturing now, but 25% of Americans would prefer to work in manufacturing. That's a big difference. These 25% might now work in lower paying service-sector jobs. As for me, I like my current job so don't want to work at a factory, but 25% Americans who aren't currently working in manufacturing would like to work in manufacturing.
 
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Bobfripp said:
I don't think this data implies what you think it does. I would answer 'agree' to the first statement, and 'disagree' to the second statement. Only 2% of Americans work in manufacturing now, but 25% of Americans would prefer to work in manufacturing. That's a big difference. These 25% might now work in lower paying service-sector jobs. As for me, I like my current job so don't want to work at a factory, but 25% Americans who aren't currently working in manufacturing would like to work in manufacturing.
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Agreed. The two aren’t contradictory at all despite appearing so on first glance.
 
The tech companies can pay for date centers. If you wanjt more auto plants, semi fabs, and ship-builiding, it will have to be funded through low-interest loans, govt contracts (like CHIPS or Infl Red Act) or like the Pentagon does with defense companies. Will hadve tdio be subsidized one way or other: start by taking some 9of the 4.5 trillion tax cut for w4ealthy and coros. Trump said companies would user his 2017 tax bill to build plants: they did not, used it for share buybacks ro dividends.
There is also the issue of unskilled workers. See this 2023 article about Taiwan Semi delaying an Arizona plant in 2023
www.upi.com

TSMC delays Arizona semiconductor plant due to skilled worker shortage - UPI.com

Semiconductor maker TSMC will delay production at an Arizona facility from late 2024 until 2025. The news came during a second quarter earnings call Thursday. The Taiwan-based company is a major Apple supplier.
www.upi.com www.upi.com
 
heelslegup said:
The tech companies can pay for date centers. If you wanjt more auto plants, semi fabs, and ship-builiding, it will have to be funded through low-interest loans, govt contracts (like CHIPS or Infl Red Act) or like the Pentagon does with defense companies. Will hadve tdio be subsidized one way or other: start by taking some 9of the 4.5 trillion tax cut for w4ealthy and coros. Trump said companies would user his 2017 tax bill to build plants: they did not, used it for share buybacks ro dividends.
There is also the issue of unskilled workers. See this 2023 article about Taiwan Semi delaying an Arizona plant in 2023
www.upi.com

TSMC delays Arizona semiconductor plant due to skilled worker shortage - UPI.com

Semiconductor maker TSMC will delay production at an Arizona facility from late 2024 until 2025. The news came during a second quarter earnings call Thursday. The Taiwan-based company is a major Apple supplier.
www.upi.com www.upi.com
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I think I know what you’re trying to say
 
Bobfripp said:
I don't think this data implies what you think it does. I would answer 'agree' to the first statement, and 'disagree' to the second statement. Only 2% of Americans work in manufacturing now, but 25% of Americans would prefer to work in manufacturing. That's a big difference. These 25% might now work in lower paying service-sector jobs. As for me, I like my current job so don't want to work at a factory, but 25% Americans who aren't currently working in manufacturing would like to work in manufacturing.
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Maybe, but I think my larger point still stands. It seems clear based on what we've seen since Trump took office that a great many Trumpers thought that only others would be hurt by Trump 2.0, not people like themselves. Also, I think the percentage of Americans who are in manufacturing is higher, and still around 10% or so.
 
Bobfripp said:
Manufacturing: someone's American Dream, just not mine

In fairness, the first question asked if American would be better off if MORE people worked in manufacturing.' Then 25% said they would be better off if they worked in a factory (vs. the 2% those who currently do). And well, 25% is a lot more than 2%.
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I thought the US manufacturing work was almost 9%, is this 2% of those that responded?

Manufacturing isn't the win that so many think it is. There's good reason some of those no skill low paying manufacturing jobs went overseas.

There is nothing wrong with good manufacturing and there are ways to encourage manufacturing growth in the US, trump just doesn't know how to do it.
 
UNCatTech said:
I thought the US manufacturing work was almost 9%, is this 2% of those that responded?

Manufacturing isn't the win that so many think it is. There's good reason some of those no skill low paying manufacturing jobs went overseas.

There is nothing wrong with good manufacturing and there are ways to encourage manufacturing growth in the US, trump just doesn't know how to do it.
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Or you can’t inside trade on it.
 

Fareed Zakaria -​

The U.S. economy is for sale​

Complexity breeds corruption, and the tariff system is now tailor-made for both.


“… Even more important, these tariff negotiations will inevitably result in a cascade of corruption. The American economy is being transformed from the leading free market in the world to the leading example of crony capitalism.

… In 2018 and 2019, the Trump administration announced an assortment of tariffs, including 25 percent on steel, and also a program of waivers; they got around 500,000 applications. This week, when asked how he would determine these exemptions, Trump replied, “instinctively.” Studies show that politicians’ instincts usually favor their contributors, which then encourages pervasive corruption.

… In the past few weeks, Vietnam has announced a flurry of measures designed to mollify the Trump administration and get a good trade deal. Among them: approval for Elon Musk’s Starlink to operate in the country and a plan to expedite a Trump Organization project.

In fact, there are at least 19 Trump-branded real estate projects around the world that will be under development while he is president, and possibly many others in the works.

Trump launched his own social media company and his own meme coin; other countries surely see this all as an invitation to invest — and to influence American foreign and economic policy. …
 
www.nbcnews.com

This Washington border county is desperate for Canadians

“There’s just no one around,” said a gas station owner in Whatcom County, where the economy depends on residents of British Columbia remaining eager to buy American.
www.nbcnews.com www.nbcnews.com

This Washington border county is desperate for Canadians​

“There’s just no one around,” said a gas station owner in Whatcom County, where the economy depends on residents of British Columbia remaining eager to buy American.
 
www.ctvnews.ca

Ontario collects $260,000 from one-day electricity surcharge on U.S. exports

Ontario Energy Minister Stephen Lecce’s office says the province collected about $260,000 from the one day an electricity surcharge was in effect on exports to the United States.
www.ctvnews.ca www.ctvnews.ca

Ontario collected about $260,000 from the one day an electricity surcharge was in effect on exports to the United States, Energy Minister Stephen Lecce's office said Friday.

Premier Doug Ford announced on March 10 that Ontario was placing a 25-per-cent surcharge on electricity the province sends to 1.5 million homes in three states as one retaliatory measure against tariffs imposed on Canadian goods by U.S. President Donald Trump.
 
altmin said:
www.ctvnews.ca

Ontario collects $260,000 from one-day electricity surcharge on U.S. exports

Ontario Energy Minister Stephen Lecce’s office says the province collected about $260,000 from the one day an electricity surcharge was in effect on exports to the United States.
www.ctvnews.ca www.ctvnews.ca

Ontario collected about $260,000 from the one day an electricity surcharge was in effect on exports to the United States, Energy Minister Stephen Lecce's office said Friday.

Premier Doug Ford announced on March 10 that Ontario was placing a 25-per-cent surcharge on electricity the province sends to 1.5 million homes in three states as one retaliatory measure against tariffs imposed on Canadian goods by U.S. President Donald Trump.
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Oooof!
I can do that math… that’s $94,900,000 per year.
That’s a nice chunk of change spread out over just 3 States.
 
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