Tariffs Catch-All

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This shit is depressing.

I'm 56 years old and was well on track to retire by 60. I don't see how we can recover from the orange turd in the next few years.

It would be nice if the Republicans had the country in their best interest and used the 25th amendment to save the country, but we know that's not happening.
 
farce© said:
I thought that notorious liberal bastion Axios did good job pointing out just how delusional you have to be to believe Trump knows what he is doing.


"President Trump is betting his presidency on the biggest instant, unilateral, by-choice-not-necessity economic mandate in U.S. history, Jim VandeHei and Mike Allen write in a "Behind the Curtain" column.

Why it matters: He's gambling that generations of politicians, economists, CEOs, small-business owners, academics and even some of his own staffers are wrong — and that he's right.

  • And he's doing it with an issue that hits every American.
For Trump to be right, you gotta believe...

  1. That Trump's instincts are better than the past half-century of his party's judgment, as well as the judgment of the economists who've studied the topic extensively, both historically and contemporaneously.
  2. That Sen. Mitch McConnell (R-Ky.) — the former majority leader, reflecting what the vast majority of Senate Republicans say privately — was wrong when he tweeted: "As I have always warned, tariffs are bad policy, and trade wars with our partners hurt working people most. Tariffs drive up the cost of goods and services. They are a tax on everyday working Americans."
  3. That a minimum 10% increase in taxes on all imports — and much higher taxes on goods that come from China, Vietnam and other leading trade partners — won't meaningfully increase prices for most Americans.
  4. That U.S. companies will be able to make the same products just as cheaply — and right away.
  5. That allies and adversaries hit with big tariffs will just suck it up rather than retaliate, or that they'll move en masse to negotiate new trade deals favorable to the U.S.
  6. That American influence and power overseas won't diminish when those same allies start doing more business with each other — or China.
  7. That Canadian Prime Minister Mark Carney was wrong when he said: "Our old relationship of steadily deepening integration with the United States is over. The 80-year period when the United States embraced the mantle of global economic leadership ... is over. While this is a tragedy, it is also the new reality."
  8. That the U.S. stock market and economic growth will rise again amid a global trade war of choice.
  9. That recession forecasts by major financial institutions are wrong. And that the Dow, S&P and NASDAQ (U.S. stocks off $3 trillionyesterday — the biggest one-day drop since March 2020) are all wrong — or wildly overreacting."
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Part of the issue, because so many voters are having to work two or three jobs don't have the time or desire to know that number seven was true.
 
UNCatTech said:
This shit is depressing.

I'm 56 years old and was well on track to retire by 60. I don't see how we can recover from the orange turd in the next few years.

It would be nice if the Republicans had the country in their best interest and used the 25th amendment to save the country, but we know that's not happening.
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It would be great if all Republicans had the country in their best interests and never voted for this cruel, dumb, and deceitful administration.
 


Trump team calls Miller the Prime Minister (or just the PM) due to his power inside the administration and influence with Trump. It showed up in the Signalgate chat when he clearly was understood to speak for Trump and shut down that debate. And it shows here in this gate crashing lecture.
 
ChileG said:
And botching it.
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I’ve seen a few justifying this saying it’s a last ditch effort to save America. Bring back manufacturing, DOGE getting the debt under control. True belief that this is all some master plan and that Trump is trying to save us.
 


The first Trump Administration caused a lot of US companies to relocate manufacturing to Vietnam (46%) to avoid the first term tariffs on China. Now the second Trump Administration is hammering Vietnam with tariffs because of a trade deficit created by the first Trump Administration.

Anyway, the Trump tariff on Vietnam VASTLY overstates the tariffs on U.S. goods charged by Vietnam, basing the tariff instead on the trade deficit. A ton of electrical spare parts, sneakers, toys and furnishings are manufactured for US-based companies and imported to America are made in Vietnam, so this particular tariff is one that hurts U.S. based companies and U.S. consumers pretty directly.

Background on actual tariffs in Vietnam:

www.vietnam-briefing.com

Understanding the US Tariff List: Implications for Vietnam

As the US plans to impose a 46% tariff rate on Vietnam’s imports, we provide preliminary evaluations of the tariff plan's impact.
www.vietnam-briefing.com www.vietnam-briefing.com
 
HandsonFire said:
I’ve seen a few justifying this saying it’s a last ditch effort to save America. Bring back manufacturing, DOGE getting the debt under control. True belief that this is all some master plan and that Trump is trying to save us.
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I so wish these people that believe manufacturing is the countries savior would do a little reading. We're not going back to the industrial revolution with manufacturing.

Automation already reduces the need for manufacturing jobs, just wait for AI driven automation.

At my company the machines already self adjust based on process control parameters and product inspection results. We are eliminating jobs everyday using technology. All that manufacturing plants in the world are not going to change this trend.
 
nycfan said:
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This appears to be playing out as Schumer strategized. He didn’t want to force a shutdown while Trump was at 47% approval. He wants that number to get to below 40% before trying to strong arm Republicans, who won’t feel as vulnerable on their right flank once Trump is in the 30s. And Trump could very well drop to the 30s in the next few weeks now.
 
UNCatTech said:
It would be nice if the Republicans had the country in their best interest and used the 25th amendment to save the country, but we know that's not happening.
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They could just assert their power as an equal branch of government and take the fat bastard to SCOTUS. The closing of entities created by Congress are unconstitutional. The staffing cuts at agencies are unconstitutional. The tariffs are unconstitutional. The deportation flights without due process are unconstitutional.
 
BlooVooDoo said:
They could just assert their power as an equal branch of government and take the fat bastard to SCOTUS. The closing of entities created by Congress are unconstitutional. The staffing cuts at agencies are unconstitutional. The tariffs are unconstitutional. The deportation flights without due process are unconstitutional.
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They're all gutless cowards, the whole lot of them. The few Congressional Republicans who were willing to stand up to Trump have left and/or been driven out of the party, like Romney and Cheney. The remainder - including Murkowski - won't do anything of substance. They're terrified of offending Trump's base and getting themselves primaried by an even more rabid Trumper in 2026 or 2028.
 
Calheel said:
This appears to be playing out as Schumer strategized. He didn’t want to force a shutdown while Trump was at 47% approval. He wants that number to get to below 40% before trying to strong arm Republicans, who won’t feel as vulnerable on their right flank once Trump is in the 30s. And Trump could very well drop to the 30s in the next few weeks now.
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Yeah, that was my thought as well. Discretion is the better part of valor. Don't take the fight Trump wants.
 
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