Tariffs Catch-All
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Duke Mu
Honored Member
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Inflation, tariffs are Up.
Consumer confidence and stock market are Down.
Everything else is window dressing, shiny objects, and lawless power grabs.
Consumer confidence is sliding as Americans' view of their financial futures slumps to a 12-year low.
https://www.cnbc.com/2025/03/28/pce-inflation-february-2025-.html
https://www.cnbc.com/2025/03/27/stock-market-today-live-updates.html
Consumer confidence and stock market are Down.
Everything else is window dressing, shiny objects, and lawless power grabs.
Consumer confidence is sliding as Americans' view of their financial futures slumps to a 12-year low.
https://www.cnbc.com/2025/03/28/pce-inflation-february-2025-.html
https://www.cnbc.com/2025/03/27/stock-market-today-live-updates.html
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Canadians are skipping trips to the U.S. and visitors from other countries could soon follow threatening to deepen the United States’ $50 billion travel deficit.
Experts say they’re pulling back for a variety of reasons, ranging from an unfavorable currency exchange rate to the U.S. political climate given President Donald Trump’s trade policies and his public statements on annexing Canada, as well as high-profile detainments of people who already had visas to be in the U.S., long wait visa times and other policies that have added to tensions with longtime close allies.
Reached for comment Friday, a White House spokesperson said by email that “everybody wants to come to President Trump’s America.”
Canadians “will no longer have to endure the inconveniences of international travel when Canada becomes our 51st state” and that “Europeans are eager to enjoy the Golden Age of America if they so choose to,” the spokesperson said.
In response to President Trump’s tariff plans at the time, former Canadian Prime Minister Justin Trudeau last month urged Canadians to “choose Canada” and suggested “changing your summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites and tourist destinations our great country has to offer.”
The cross-border travel trends and Trump administration’s policies are worrying some in the United States’ travel industry, which draws in more than $1 trillion in direct spending a year.
...
The U.S. brought in more than 72 million visitors last year, still below pre-Covid levels, according to a report from Jefferies. Visitors from Canada were the largest group, accounting for 28%, followed by Mexico at 23%, the bank said in a note this month.
Travel and tourism of inbound visitors are counted as U.S. exports, and they accounted for about 8% of U.S. exports of goods and services, according to the Commerce Department.
International visitors from overseas are especially important because they tend to stay longer and spend more money than local tourists, according to the U.S. Travel Association.
ChapelHillSooner
Honored Member
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I was just thinking about this.
First, if this is the plan, it means tariffs are in fact not just a negotiating tactic.
But my main point is that it takes quite a level of hubris to think that you could pull that plan off. Not doubt the architect inderstands economics but I have a feeling he overestimates the ability to micromanage such a move.
This plan has the stability of a Soviet nuclear power plant and they put Donald Trump at the switches.
The plan expects no retaliatory tariffs so what does Trump do? He insults and threatens our closest trading partners.
Just mind boggling stupidity.
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Trump pushes aides to go bigger on tariffs as key deadline nears
The president privately tells advisers that import duties represent a generational opportunity to transform the U.S. economy.GIFT LINK —> https://wapo.st/3Y7FIII
“… Although many of his allies on Wall Street and Capitol Hill have urged the White House to take a more conciliatory approach, Trump has continued to press for aggressive measures to fundamentally transform the U.S. economy, the people said.
Trump’s advisers are in intensive deliberations about the exact scope of the import duties to be imposed, which officials have described as affecting trillions of dollars’ worth of trade.
… Trump continues to muse to advisers that his administration should continue to escalate the trade measures and has in recent days revived the idea of a universal tariff that would apply to most imports, regardless of their country of origin, the people said, speaking on the condition of anonymity to describe private discussions.
… The discussions reflect the central role Trump thinks tariffs play in cementing his legacy. Trump has publicly discussed the benefits of import taxes, characterizing “tariffs” as the “most beautiful” word in the dictionary and saying 19th-century tariffs led to the peak of the nation’s prosperity. Some allies have even mused about pushing to make the April 2 anniversary of the tariffs a federal holiday next year. …”
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“… “At some point they’re going to have to choose a strategy, because several of these stated goals are in contradiction with each other,” said Erica York, an economist with the Tax Foundation, a center-right think tank. “You can’t have a tariff for everything and everyone — in time, they will have to reveal what the real purpose is.”
… Trump, for now at least, appears to be trying to demonstrate that tariffs can accomplish several goals simultaneously. He said on Wednesday that new tariffs on automobile imports would last the duration of his term, and the White House said they would raise $100 billion. On Friday, speaking to reporters, he expressed openness to cutting deals with trading partners that fall under the tariffs. Advisers say he views either outcome — a permanent tariff, or a deal in which the U.S. extracts concessions — as a victory.
In an interview with NBC posted on Saturday, Trump said he “couldn’t care less” if carmakers raised prices as a result of the tariffs. “I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty,” Trump said. …”
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Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
www.nbcnews.com
“… Asked what his recent message was to motor industry CEOs, and whether he had warned them against raising prices, Trump said, “The message is congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff.”
When pressed if he told CEOs not to raise prices, as reported in the The Wall Street Journal, Trump added, “No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars.”
Trump continued, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”
Asked if he was concerned about car prices going up, Trump said, “No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars.”
After the interview, an aide to the president followed up with NBC News to say that Trump was referring specifically to foreign car prices. …”
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“… The president also said the tariffs would be permanent.Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
“… Asked what his recent message was to motor industry CEOs, and whether he had warned them against raising prices, Trump said, “The message is congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff.”
When pressed if he told CEOs not to raise prices, as reported in the The Wall Street Journal, Trump added, “No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars.”
Trump continued, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”
Asked if he was concerned about car prices going up, Trump said, “No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars.”
After the interview, an aide to the president followed up with NBC News to say that Trump was referring specifically to foreign car prices. …”
“Absolutely, they’re permanent, sure. The world has been ripping off the United States for the last 40 years and more. And all we’re doing is being fair, and frankly, I’m being very generous,” Trump said. …”
Mulberry Heel
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1) Given that most American car companies use parts made in other countries then the price of American cars is going to increase as well, although he's far too stupid to realize that. This isn't the Gilded Age where nearly everything we needed was made here anyway, but he doesn't realize that either. And while his goal is to force everyone to start manufacturing things here again that isn't going to happen nearly fast enough to spare Americans a lot of economic pain, and it's very unlikely for various reasons that we'll ever return to nearly everything we need being made here anyway.Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
“… Asked what his recent message was to motor industry CEOs, and whether he had warned them against raising prices, Trump said, “The message is congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff.”
When pressed if he told CEOs not to raise prices, as reported in the The Wall Street Journal, Trump added, “No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars.”
Trump continued, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”
Asked if he was concerned about car prices going up, Trump said, “No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars.”
After the interview, an aide to the president followed up with NBC News to say that Trump was referring specifically to foreign car prices. …”
2) Just wait for all of the FAFO stories and articles coming from Trumper automobile dealers struggling or even going under and begging for Dear Leader to save them by either lifting the tariffs or a government bailout (socialism!).
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What kind of fucking idiot president you ask? I’ll tell you. The kind of fucking idiot president we’ve had since January 20.
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There is history here in that a good while ago Heinz closed down a long running ketchup plant in Ontario years ago that basically killed a town. French's saw the situation and leased the factory and bought the soon to be rotting on the vine crop. As a result a nationwide movement took place for Canadians to switch to French's. Heinz eventually reopened a factory in Quebec, but any Ketchup in bottles smaller than 1 liter are from the US. People have long memories and some still boycott it. Not like this however. This is 100% tariff backlash. I mean the Heinz is nearly $2 less and going untouched.
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BlooVooDoo
Iconic Member
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- 1,442
Seems Canadians have a view of patriotism that goes beyond rattlesnake bumper stickers, flag waiving and Black Rifle coffee. Terribly confusing for MAGA, I’m sure.There is history here in that a good while ago Heinz closed down a long running ketchup plant in Ontario years ago that basically killed a town. French's saw the situation and leased the factory and bought the soon to be rotting on the vine crop. As a result a nationwide movement took place for Canadians to switch to French's. Heinz eventually reopened a factory in Quebec, but any Ketchup in bottles smaller than 1 liter are from the US. People have long memories and some still boycott it. Not like this however. This is 100% tariff backlash. I mean the Heinz is nearly $2 less and going untouched.
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Awesome graphic detail:
“… Manufacturing executives said the U.S. doesn’t have the plants to churn out the amount of steel wire or screws and other fasteners needed to displace imports.
“The production capacity we need doesn’t exist here in the U.S.,” said Gene Simpson, president of Illinois-based fastener maker Semblex. “It’s a select group of suppliers.”
And companies that use screws and other metal parts covered by tariffs say their customers won’t tolerate price increases. Some construction contractors may delay projects until they get a handle on how to blunt the effects of import duties.
About $178 billion of steel and aluminum products imported by the U.S. last year are now subject to a 25% tariff, according to Jason Miller, a supply-chain management professor at Michigan State University. That is more than three times greater than the import products affected by the original 2018 tariffs. …”
GIFT LINK
—> https://www.wsj.com/economy/trade/t...89?st=v1CL1Q&reflink=mobilewebshare_permalink
“… Manufacturing executives said the U.S. doesn’t have the plants to churn out the amount of steel wire or screws and other fasteners needed to displace imports.
“The production capacity we need doesn’t exist here in the U.S.,” said Gene Simpson, president of Illinois-based fastener maker Semblex. “It’s a select group of suppliers.”
And companies that use screws and other metal parts covered by tariffs say their customers won’t tolerate price increases. Some construction contractors may delay projects until they get a handle on how to blunt the effects of import duties.
About $178 billion of steel and aluminum products imported by the U.S. last year are now subject to a 25% tariff, according to Jason Miller, a supply-chain management professor at Michigan State University. That is more than three times greater than the import products affected by the original 2018 tariffs. …”
GIFT LINK
—> https://www.wsj.com/economy/trade/t...89?st=v1CL1Q&reflink=mobilewebshare_permalink
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"When I win, I will immediately bring prices down, starting on day one." Something something, promises made; promises kept, amirite?
Any of our board MAGA peeps want to take a crack at this one?
Any of our board MAGA peeps want to take a crack at this one?