Tariffs Catch-All
- Thread starter BubbaOtis
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p5mmr9
Distinguished Member
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There is no inflation.
In the most recent report, inflation ticked up for food overall, but mainly for meat and eggs on the groceries side and otherwise more for eating out.
In any event, is he implying that he is tanking world markets to cool inflation?
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Yeah, Dimon seems not to be reversing from his “get over it” response to tariffs in January as he is saying he assumed there would be / there needs to be a plan for resolving this without an extended trade war. Basically, he seems to be arguing that he expected a short-term modest increase in tariffs along the Nixon model (10% unless you revalue against the dollar) versus what Trump unveiled with no clear approach for resolving the rates imposed.
BTW, he also challenged proposed top earner tax cuts and said the Buffet Rule (minimum tax for the wealthiest) should be adopted, which is laughably unlikely in this Congress …
aGDevil2k
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From CNN CNN’s audience shares its thoughts on tariffs:
I voted for Trump and I'm not too concerned. I haven't changed any of my spending. … I'm hoping the retaliation tariffs will bring down prices of American products due to lower foreign demand. I believe AI is more dangerous to the economy than any tariff.
— Michael Delgado, 41
Hospitality and leisure
Lake Havasu City, Arizona
__________________________
IDIOT
_____________________________________________
Another..."what did you think was going to happen???" braindead young male
I am moving back in with my parents. Costs are going to go up, and if I move back home I can save on rent and use my parents’ car. As terrible a president as Biden was, I now regret voting for Trump. All the money I had saved in the stock market will be taking a hit as well.
— Matt, 30
Health tech
Miami, FL
I voted for Trump and I'm not too concerned. I haven't changed any of my spending. … I'm hoping the retaliation tariffs will bring down prices of American products due to lower foreign demand. I believe AI is more dangerous to the economy than any tariff.
— Michael Delgado, 41
Hospitality and leisure
Lake Havasu City, Arizona
__________________________
IDIOT
_____________________________________________
Another..."what did you think was going to happen???" braindead young male
I am moving back in with my parents. Costs are going to go up, and if I move back home I can save on rent and use my parents’ car. As terrible a president as Biden was, I now regret voting for Trump. All the money I had saved in the stock market will be taking a hit as well.
— Matt, 30
Health tech
Miami, FL
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- 361
I think you may be correct but, IMO, Jamie has only ever done what was best for Jamie and not for anyone else but maybe I'm jaded bc of his stupendous ignorance in the past. IDK, like trump et al I'm kinda tired of hearing/reading him discuss financial matters. He, again IMO, thinks he's on par with Morgan when it comes to finance and he's not. (Not that Morgan was a champion of the everyday man either but at least he was a brilliant financial guy)Yeah, Dimon seems not to be reversing from his “get over it” response to tariffs in January as he is saying he assumed there would be / there needs to be a plan for resolving this without an extended trade war. Basically, he seems to be arguing that he expected a short-term modest increase in tariffs along the Nixon model (10% unless you revalue against the dollar) versus what Trump unveiled with no clear approach for resolving the rates imposed.
BTW, he also challenged proposed top earner tax cuts and said the Buffet Rule (minimum tax for the wealthiest) should be adopted, which is laughably unlikely in this Congress …
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Politicians and supposedly smart business people all believe Trump has a bottom and predict accordingly. He doesn't.
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I don't think so. But that was around 4:30am. As others have noted. it bounced back a good bit. We will see where it opens.
European car manufacturers are putting a temporary hold on car shipments to us. In fact, Audi has a ship waiting, and will keep on wait I guess at the port or off coast, for awhile.
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I am not arguing whether to hold him or his opinions in high regard so much as being aware that many in the markets do.
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Oh I understand your stance and I agree with you! Apologies if it seemed like I was disagreeing bc I absolutely wasn't! Just stating my opinion on the guy! Whether I'm correct or not...IDK...but agreed, many do regard his opinion high. They shouldn't, but they do.
The only positive I can see is his position on cryptocurrency despite me having several 1000 in crypto.
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Looking forward to trump saying something about this then peddling tesla as the answer
aGDevil2k
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lawtig02
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American has enjoyed immense benefits from being the hub of the global economy for decades, but the power to control includes the power to destroy. So while we're all rightly focused on Trump's Thanos-like destruction of America, let's not ignore what he's doing to the rest of the world as well. Asian markets today, for example --
Nikkei 225 (Japan) -- down 7.83%
Hang Seng (Hong Kong) -- down 13.22%
Shanghai Composite (China) -- down 7.34%
Shenzhen Composite (China) -- down 9.66%
S&P/ASX 200 (Australia) -- down 4.23%
KOSPI (South Korea) -- down 5.57%
Taiwan SE -- down 9.70%
Bombay Sensex (India) -- down 2.95%
All of this is catastrophic for global stability and, thus, our national security.
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After bragging about Vietnam (Nike manufacturing) crawling to Master Trump to concede, Peter Navarro now says their offer of 0% tariffs on U.S. goods is not enough.