Tariffs Catch-All

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“… And Lutnick runs Cantor Fitzgerald, a major government securities and stock markets company.

Let that sink in!

So, Lutnick saying “this wasn’t a walk-back” while the bond markets cratered and tariffs got paused is peak gaslighting.

Markets don’t lie, people do. This isn’t conviction, it’s cleanup and grift. And pretending otherwise insults everyone living with the fallout.“
 
tallheel95 said:
if there is maybe ONE upside to all of this insanity — maybe this will put and end to
buying stupid cheap shit from China. Like all the unnecessary plastic things currently lining the aisles of wal mart or CVS to put in your kids’ Easter baskets… only to get thrown away in a week. Or party favors or toys in the Happy Meal or terrible clothes from Temu or SHEIN. All of this junk that ends up on landfills or (more frighteningly) as spoonfuls of microplastics currently residing in our brains.
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Maybe you're right.

The problem is that they also make a bunch of stuff that we actually DO need, that no other nation can make en masse to fill what we actually do need.

If China really wanted to eff us, they'd launch their invasion into Taiwan tonight. The entire global economy outside of commodities would fall to pieces.
 
superrific said:
1. He did alienate our trading partners. They remain alienated.
2. None of our important trade partners are showing up to negotiate.
3. What are we even negotiating? You can't even tell anyone what you think the end goal is here. Tariffs are not the reason we don't export to Vietnam. We don't export to Vietnam because we don't make much that they want, because we make rich-world stuff and Vietnam isn't rich world. That's why Vietnam offered to drop their tariffs. They do nothing for them.
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do good is nothing but a fucking parrot.
 
Silence Dogood said:


And right on cue, many on this board were wrong. People were saying Trump is alienating our trade partners. Now our trade partners are looking to negotiate with us and China is the bad actor here, not Trump.
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I'd say people from other countries (especially our former allies) boycotting our products, booing our flag and anthem, and laughing their asses off at the most juvenile lunatic leader we've ever had, is pretty damn alienating. They also see Trump doing more good for Russia than Putin. Even Russian State media laughs at what a clueless pawn he is for them.

By the way, not one single deal yet. Trump was shown as the clown that intelligent Americans know him to be, and he caved and tucked tail after 99% of Economists, the stock and bond markets, and his biggest donors slammed him.

As I have always said, it doesn't matter what Trump does. If he does A his worshippers agree. If he does the exact opposite B (one day later), they also agree. Right on cue.

That is a cult.

Please stick around, your unintentional comedy is fun. And don't be gone so long again, like when Q1 GDP growth comes out less than one percent. Or when inflation hits retail which is very soon. And certainly not after all of Trump's billionaire friends, family, admin. etc. stop buying after the killing they made from the insider tip before his announcement/tweet. The short squeeze won't last either.
 
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Given the influence of agricultuarla states in R party and the dependence of US agriculture on China importing key products, Trump will either have to cave to china or bail out US farmers (as he did last time)
 
heelslegup said:
Given the influence of agricultuarla states in R party and the dependence of US agriculture on China importing key products, Trump will either have to cave to china or bail out US farmers (as he did last time)
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Trump is already taking about how Xi is a “smart guy” and he wants to make a deal. Trump will come off the Chinese tariffs, declare victory, and get back to suppressing citizens’ rights before you know it.
 
Trump has spent every day for the past week bragging that he wasn't going to back down, instead it was (literally) the rest of the world who would back down. It's the whole "I'm the biggest bully on the block" bullshit that he always does. Once he realized that stock markets were really tanking (shocking, I know) and that even some Congressional Republicans and members of his own base were starting to turn on him he chickened out and backed down like he's done numerous times before. But he had to save face somehow so he kept the tariffs on China, at least for now. Others in his administration may have a plan, but he never does - it's all done on childish impulse and anger and resentment and whatever else is crossing his mind at the moment. And he's continuing to cause long-term damage to our reputation, no matter how this ends. And what's also worth remembering is that these tariffs are only one horrible thing out of a hundred or more that he's done since taking office. We'll now just move on to the next shitshow.
 
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1moretimeagain said:
I feel a little bad for people in hollowed out towns that genuinely believed Trump was bringing their factories back, only to have him cater to the elites once again.
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CNBC had an interview with the staunchly pro-Trump head of Apollo Global this morning. At one ppint he said: "Whatever you think of Inflational Recuction Act an CHIPS. plants are already umder construction." Oops :-) That is the way to create manuf jobs or just make those manuf indisties part of DOD and subsizized like defense firms are. Pentagao funding steel plannts, car assembly, and steeel plants!! Take some of the 4.5 trillion tax cut and do these or low interest loans..
 
SmilingJack said:
I don't. FAFO they're the one's that voted him into office. Maybe they should have moved or retooled which putting Drumph back in office was a form retooling I suppose.
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Not long after Trump was elected for the first time in 2016 there was an article by a reporter - I think it was on Politico - which went to a dying former steel and coal town in PA and interviewed people there about why they voted for Trump, or if they didn't support him why they thought people in their town did.

And one story that has always stuck with me came from a guy they interviewed who was the director of a federal program set up under Obama to help "displaced workers" whose industries had either moved overseas or become mostly obsolete receive training for another career. What the guy said was that relatively few people in town had taken advantage of the program, because they just wanted their old jobs in the factories or mines back and didn't want to learn anything new or start another career. And I think that accounts for much of his base's support of these tariffs - they are convinced that this is the gold ticket that will bring all of their old jobs back and revive their towns. And that's not going to happen for various reasons that have been mentioned here, but these people are simply fooling themselves, and all that's going to happen is that the prices they pay for the cheap crap they buy and live on at Walmart and Dollar General and similar places is likely to go up, maybe way up.
 
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