Tariffs Catch-All

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UNCatTech said:
Warped, blurred, senile old mind...

That combined with an unhealthy level of hate and need for retribution for every perceived wrong that old mind creates.
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Trump's petty vindictiveness is a sometimes underrated aspect of his awfulness as a person, I think. And what's frightening is that right now most of his need for revenge is being aimed at either foreigners (non-citizens) living here or foreign governments, but I think it's inevitable that he's eventually going to use the full power of the federal government to go after his perceived enemies here at home. I don't think we've yet to see just how bad Trump's revenge tour is going to get.
 
altmin said:
www.theguardian.com

‘Half the place would be blown to bits’: the Irish villages under threat from Trump’s tariffs

Cork’s pharmaceutical industry, vital to the local economy, is at risk as US trade policies threaten small towns reliant on the sector
www.theguardian.com www.theguardian.com
Just across the bay from the historic town of Cobh, the last port of call for the Titanic in 1912 on her ill-fated maiden voyage, lies the source of some of the world’s biggest life-savers and givers.

Sildenafil, the active ingredient in Viagra, medicinal compounds for the treatment of cancer, rheumatoid arthritis, psoriasis, Crohn’s and Parkinson’s disease, all are manufactured within two miles of the deep port of Ringaskiddy in County Cork.

On the main road from Ringaskiddy to Carrigaline, on the back road to Curraghbinny, or down towards the white beaches of Lough Beg, the mammoth windowless plants of Pfizer, Johnson & Johnson and their private wind turbines are the main attractions.

After more than 50 years, however, it is all under threat after Donald Trump accused Ireland of stealing America’s pharmaceutical industry and vowed to “force” US companies, jobs and taxes to return home.

On Tuesday night, he renewed the threat, promising a “major tariff” that would send the pharma industry “rushing back” to the US, sending stocks of those US companies in Ireland, across Europe and India down.

This has concentrated the minds of local politicians, who have called on the European Commission president, Ursula von der Leyen, to visit the area. She met pharmaceutical companies in Brussels on Tuesday to hear that tariffs could “expedite” a shift to the US.

“If Pfizer and the others closed … the collateral damage would be huge,” said John Twomey, something of a local historian and treasurer of the local Gaelic Athletic Association in Shanbally, a tiny village a two-minute drive from Pfizer’s entrance.

“Half the place would be blown to bits, all the workers, the subcontractors, from the guys supplying the toilet rolls, to the farms supplying meat for the canteens.”
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He doesn't care about Americans no possibility he cares about pet countries, outside of Russia.
 
MendotoManteo said:
And because I grew up with the same mentality, I can just imagine there's many a MAGA household child out there, looking up to their father and asking, "But he's trying to help us, right, daddy? No matter what happens?"

No!

The reason he's always been so obsessed with tariffs is because he's a complete and utter failure at business. He could not excel in the world given to him, so being a narcissist with "galaxy brain," he thinks a world of tariffs and trade wars will finally be where he proves his true genius. Perhaps even becomes the richest man ever!

It's all so dreadfully stupid.
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"he thinks a world of tariffs and trade wars will finally be where he proves his true genius"

I disagree. I agree that he's a narcissist and I'll add that he's an egomaniac. He could have very easily done his threatening behind the scenes, gotten countries to decrease their tariffs and announced his victory after the fact. That's not how Trump works because he's a narcissistic, egomaniac who has to let the world know that he's in charge with his press conferences and idiotic fucking posterboard.... like he's a high school student giving a presentation in economics class.

If the tariffs are in place 6 months from now, I'll be surprised.
 
Bessent was apparently very successful in finance but believes significant dislocations in our financial markets won’t impact Main Street. Good luck.

 
nycfan said:




Fail Car Wash GIF
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As many people have pointed out, the problem with this logic is that no company in its right mind is going to invest billions in US manufacturing when the success of that manufacturing is dependent on tariffs which Trump has constantly said are negotiable and therefore may be changed at any moment. You have to believe those tariffs will still be there in 3 years when you're finally ready to ramp up production.
 
heelinhell said:
People used to chuckle and wonder how Trump managed to bankrupt a casino...

I think we are beginning to see how he did it.
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Since the election, I've had at least two bankers tell me how good Trump was going to be for the economy. In both cases, I've wondered what are the chances that either would grant a loan to Trump considering his bankruptcy background, and the fact that he would have had several more bankruptcies if he had paid all his contractors.
 
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