Tariffs Catch-All

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bassydude77 said:
My god, if I hear someone this smart, say something this dumb again, my head might explode....there wasn't, never will be and never could be a plan with this Administration. Much less an "in-depth strategic implentation plan." There is no way anyone in the finance world could think any of this would be well thought out....
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I think that's Jim Reid's point. He's using finance speak to say the same thing. It's the administration that said it was working diligently behind the scenes for months, and he's unimpressed. I took his comment to translate like this:

They said they've been carefully working on this for months, but that's obviously bullshit because this mess was obviously thrown together haphazardly at the last minute.

But he can't quite say it that way for fear of retribution. Note that's not a Trump specific thing -- obviously he's made things worse, but bankers and finance people have talked like this for a very long time.
 
superrific said:
I think that's Jim Reid's point. He's using finance speak to say the same thing. It's the administration that said it was working diligently behind the scenes for months, and he's unimpressed. I took his comment to translate like this:

They said they've been carefully working on this for months, but that's obviously bullshit because this mess was obviously thrown together haphazardly at the last minute.

But he can't quite say it that way for fear of retribution. Note that's not a Trump specific thing -- obviously he's made things worse, but bankers and finance people have talked like this for a very long time.
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My question is more - did he actually believe they were working on a well considered plan and now he is surprised by the implementation? My point is that everyone, everywhere should know by now that there was never a well considered plan.
 
bassydude77 said:
My question is more - did he actually believe they were working on a well considered plan and now he is surprised by the implementation? My point is that everyone, everywhere should know by now that there was never a well considered plan.
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I think he did not believe that. I think he's pretending to have thought that to give the administration a presumption of regularity (which is standard fare for anyone who has lots of business before the government). It's the same way that other countries' leaders, while harshly criticizing Trump, still stop short of impolite.

For instance, the Canadians were saying, "Trump wants us to decrease fentanyl, but he's not given us a target or a diagnosis of where he thinks the fentanyl is coming from." They know that Trump DGAF about fentanyl and that's just pretext. But they honor the pretext to be diplomatic.
 
It’s a good thing our board Trump dumpsters are busy closing the bigliest business deals that ever business’d and/or are spending the bigliest amount of time with family, because otherwise their absence would be alarming! Where’s our favorite “hypocrisy policeman” when we need him most?!
 
I've just been shaking my head all day at callatoroy, HeelYeah, Ramrouser and all the others who kept assuring us we were overreacting and it wouldn't be as bad as we were projecting. I guess they were right -- it's so much worse. Absolutely astonishing how much damage Trump has done in less than three months.
 
https://www.cnbc.com/2025/04/03/stellantis-idles-plants-in-mexico-and-canada-due-to-tariffs.html

  • Stellantis said it is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump’s new round of 25% automotive tariffs.
  • The actions will result in about 900 U.S.-represented employees at supporting plants getting temporarily laid off in addition to about 4,500 hourly workers at the Canadian plant, Stellantis said.



As a result of the pause in production, about 900 U.S.-represented employees at supporting plants will be temporarily laid off in addition to about 4,500 hourly workers at the Canadian plant, according to a company spokeswoman. Workers at the plant in Mexico will still report to the facility but not produce vehicles due to their contract terms, the spokeswoman said.

...


The Canadian plant produces the Chrysler Pacifica minivan and the recently released Dodge Charger Daytona EV. The Mexico plant produces the Jeep Compass SUV and Jeep Wagoneer S EV.
 
I know someone planning to retire this year who is a diehard Trump supporter. Recently we got into a debate about how tariffs are a dangerous game of economic chicken that are going to cause a lot of pain for a lot of people unnecessarily. His response was that it was needed in order to "fix things.” I asked him if all manufacturing returned to the United States tomorrow, how would it directly help him as someone on the doorsteps of retirement- no answer. I asked him if it took a decade for manufacturing to return *and* we suffer another lost decade in terms of market growth how would it help him- no answer.

Best of luck, hoss.
 
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