Tariffs Catch-All

[nycfan]

 

[1moretimeagain]

 

[Calheel]

I think he was confusing this story with the post tariff markets today.

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www.reuters.com

Yeah. That math works. But he said one day, which didn’t pass the smell test to me.

 

[Calheel]

Sorry if this has been covered
The senate voted today to say we are not in a financial crisis-thus orangeturd does not have authority to put up tariffs. If it goes to the House it WILL pass also. So speaker Johnson made up a new rule. All house proceedings this year wil be considered one day-from here on
Because if a motion is brought up -say the Senate Tariff bill-the Speaker does not have to allow a vote on it-but after X days it gets voted on
So for the rest of the session there will not be X days-just a continuation of today. So there will be no vote.
For the first time I now hope the Stock Market crashes over the tariffs-and we can all point a finger at Johnson. Hopefully before it is too prolonged

Was this for the new tariffs or just the Canadian fentanyl tariffs?

 

[UNCatTech]

Sorry if this has been covered
The senate voted today to say we are not in a financial crisis-thus orangeturd does not have authority to put up tariffs. If it goes to the House it WILL pass also. So speaker Johnson made up a new rule. All house proceedings this year wil be considered one day-from here on
Because if a motion is brought up -say the Senate Tariff bill-the Speaker does not have to allow a vote on it-but after X days it gets voted on
So for the rest of the session there will not be X days-just a continuation of today. So there will be no vote.
For the first time I now hope the Stock Market crashes over the tariffs-and we can all point a finger at Johnson. Hopefully before it is too prolonged

Johnson needs to be impeached and removed from his position for failing to do his job.

 

[mpaer]

Was this for the new tariffs or just the Canadian fentanyl tariffs?

As far as I know the "whole Tariff deal"

 

[Mulberry Heel]

Among many other terrible things, this administration is filled to the rafters with nothing but trolls. As long as they feel like they're owning the libs, immigrants, and foreigners (except for Russians, our new besties) 24/7 nothing else seems to matter.

 

[Bobfripp]

Mr. Nutlick, your beef is limp and flaccid.

 

[farce©]

So add your phone number to your zip code, multiply by your area code then divide by your social security number to find your personal Trump Liberation Day tariff.

 

[1moretimeagain]

 

[superrific]

Honestly my thought is FINALLY.

Finally shit can hit the fan so the idiots will see what's about to happen to their pocketbooks. 15% inflation perhaps?

Not even close to that. Maybe headline inflation for April and June will be very high. The annual estimates I've seen are from +150 bps to +550 bps. By plus, I mean in addition to the baseline rate of about 2.5%.

 

[superrific]

Sorry if this has been covered
The senate voted today to say we are not in a financial crisis-thus orangeturd does not have authority to put up tariffs. If it goes to the House it WILL pass also. So speaker Johnson made up a new rule. All house proceedings this year wil be considered one day-from here on
Because if a motion is brought up -say the Senate Tariff bill-the Speaker does not have to allow a vote on it-but after X days it gets voted on
So for the rest of the session there will not be X days-just a continuation of today. So there will be no vote.
For the first time I now hope the Stock Market crashes over the tariffs-and we can all point a finger at Johnson. Hopefully before it is too prolonged

It doesn't matter, because Trump can and would veto the resolution.

 

[p5mmr9]

Presumably if such a resolution passed the Senate - it would do so with significant GOP support and would pass the veto threshold.

 

[Silence Dogood]

Are there any positives to increasing tariffs? Any similarities between increasing taxes on corporations and increasing tariffs?

 

[p5mmr9]

Are there any positives to increasing tariffs? Any similarities between increasing taxes on corporations and increasing tariffs?

At best a tariff is a selective consumption tax. So, I suppose the benefit is more revenue to the federal government. Proponents also suggest tariffs incentivize domestic production, however it is really hard to see how tariffs against a poor country like say Bangladesh will incentivize an industry like garment production in the USA considering the vast wage disparity between the USA and Bangladesh.

 

[superrific]

Are there any positives to increasing tariffs? Any similarities between increasing taxes on corporations and increasing tariffs?

Not from these tariffs and no.

 

[Silence Dogood]

At best a tariff is a selective consumption tax. So, I suppose the benefit is more revenue to the federal government. Proponents also suggest tariffs incentivize domestic production, however it is really hard to see how tariffs against a poor country like say Bangladesh will incentivize an industry like garment production in the USA considering the vast wage disparity between the USA and Bangladesh.

Yes, more revenue, increases in domestic production, more jobs, lower taxes for individuals etc

 

[Duke Mu]

It doesn't matter, because Trump can and would veto the resolution.

I parked my retirement in money market (90%). Will ride it out.

 

[Silence Dogood]

Not from these tariffs and no.

What other tariffs? If increasing tariffs increases prices, why shouldn't we worry about price increases when corporate tax rates go up?

 

[p5mmr9]

Yes, more revenue, increases in domestic production, more jobs, lower taxes for individuals etc

It's unlikely we see a proportional increase in domestic production and even less likely we see an significant increase in employment opportunities.