Tariffs Catch-All

[StrangePackage]

And all it cost was a few hundred billion dollars from people's 401ks

 

[nycfan]

 

[Calheel]

62% of American adults own stock.

77 million people voted for Trump.

Someone isn't mathing in the administration.

 

[Zoo_View]

Right? If only there were some kind of precedent of this exact situation occurring in movies, books, TV shows, or other media, someone perhaps could have anticipated this happening in real life.

Or, in 2017-2021.

 

[superrific]

62% of American adults own stock.

77 million people voted for Trump.

Someone isn't mathing in the administration.

More than that, none of it makes sense. The wealth effect **always** applies to the wealthy (duh!). The point is that if consumers pull back spending -- and affluent people tend to consume a lot -- it can be an adverse shock that reduces overall aggregate demand. It's thus recessionary. Who the fuck cares about the incidence of the effect.

There is absolutely no way the Main Street economy doesn't suffer. I guess really they haven't listened to anyone in manufacturing. People are going to get laid off because businesses will lose competitiveness. American exporters are up shit creek.

 

[superrific]

Here's what I don't get. Why stop at 104%? Trump says that we're going to get rich from this because China is going to be paying us so much. So go to 200%. Go to 500%. Why the fuck not?

 

[UNCatTech]

He's just mixed up, that's really the Republican Party back there kissing that nasty ass

 

[Mulberry Heel]

Bullshit. Professional liar, as all of his spokesman have to be.

It's all verbal bluster and swagger, and always has been with Trump. Since he has no substance to fall back on, everything with him has always been about the public appearance - in his case, swaggering and blustering and bullying and acting tough and macho. It's been his persona for decades, best exemplified on The Apprentice when he would look tough and point his finger at somebody and say "YOU'RE FIRED!" He loves that shit, and it's really all he's got. It's no surprise that his minions have taken on the same air and are acting the way Dear Leader would want them to.

 

[Zoo_View]

One of DOGE and Project 2025’s purposes is to get competent leaders within the federal government to QUIT.

Breaking the government is why DOGE and Project 2025 exist.

 

[Zoo_View]

And all it cost was a few hundred billion dollars from people's 401ks

Trillions.

Globally.

For no benefit.

 

[Mulberry Heel]

The billionaires have lost control of their monster.

Which was inevitable, imo. The Republican Party helped create their own Frankenstein monster and then lost control of him in his first term. Now that he owns the GOP body and soul it's his billionaire and corporate supporters and people like Bannon who are learning that Trump is ultimately uncontrollable. Musk will likely eventually learn that lesson as well.

 

[Mulberry Heel]

Then they're truly stupid. I know that anyone not in the cult already knows this, but you keep raising tariffs on China and prices are ultimately going to soar at places like Walmart and Dollar General and other stores where much of his base shops because it's cheap and they often can't afford anything better.

 

[BlueSmoke]

Ripping?

Wow. I know many people keep trying to figure out what Trump is really up to with these tariffs. But I think this statement from Trump sums it up. Reality gets blurred in his warped mind.

 

[Kingpin]

Then they're truly stupid. I know that anyone not in the cult already knows this, but you keep raising tariffs on China and prices are ultimately going to soar at places like Walmart and Dollar General and other stores where much of his base shops because it's cheap and they often can't afford anything better.

My wife’s company (office supplies across the country) gets 90% of its products from China. It lives on the margin. There is a real possibility it will fold/shut down due to these tariffs.

 

[dcphx]

Here's what I don't get. Why stop at 104%? Trump says that we're going to get rich from this because China is going to be paying us so much. So go to 200%. Go to 500%. Why the fuck not?

Trump only tool is a hammer. He will keep raising the tariff each time China counters. It will have to be Xi who is the adult.

 

[Zoo_View]

Trump only tool is a hammer. He will keep raising the tariff each time China counters. It will have to be Xi who is the adult.

I expect Trump has handed Xi and Putin the maul to hammer America into oblivion.

Why should Xi be the adult?

 

[altmin]

The price doubling on everything made in China miiiiiiiight effect Main St a bit.

 

[1moretimeagain]

 

[altmin]

• Japan’s Nikkei 225 index closed down by 3.93%. The broader Japanese Topix index fell by 3.4%.
• Chinese stock markets rose, despite a 104% tariff on US imports from China, amid reports that Beijing would step in to support the market. The SSE Composite index in Shanghai rose 1.1%, while the Shenzhen SE Composite rose 2.2%.
• Hong Kong’s Hang Seng index fell by 0.4%.
• Australia’s S&P/ASX 200 benchmark index fell by 1.8%.
• South Korea’s Kospi 200 index dropped by 1.8%.

 

[altmin]

The major stock market indices in London and across Europe slumped in the opening trades on Wednesday morning as Donald Trump’s tariffs took effect.

The FTSE 100 dropped by 2.2% in early trades on Wednesday, immediately undoing most of the gains on Tuesday.

Germany’s Dax index dropped by about 2.3%, while France’s Cac 40 fell by 2.4%. Spain’s Ibex index was down by 2% as well.