Tariffs Catch-All

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Again, I overestimated the MAGAs. I predicted they would come back when the Dow hit 42k, declaring victory.
 
ChileG said:
Again, I overestimated the MAGAs. I predicted they would come back when the Dow hit 42k, declaring victory.
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At this point I think even some of them know that this term has been very different from his first one (not in a good way) and they're waiting to see what happens from here. If the stock market stays up and this trade war dies down with few repercussions for his base then at least some of them will likely return to resume their bragging and trolling here.
 
Mulberry Heel said:
At this point I think even some of them know that this term has been very different from his first one (not in a good way) and they're waiting to see what happens from here. If the stock market stays up and this trade war dies down with few repercussions for his base then at least some of them will likely return to resume their bragging and trolling here.
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I was just poking fun at Silence Dogood, fwiw.
 
WAIT!!!!!

What about winning? How are we gonna bring manufacturing jobs back now? Why is trump letting all these countries take advantage of us? Why did trump give up on trying to rebalance global trade? Why is he such a quitter? Now that trump has paused the tariffs, Canada can just keep shipping fentanyl over the border. How are we gonna pay for those text cuts for billionaires if we're not bringing in all these trillions from tariffs?
 
BillOfRights said:
WAIT!!!!!

What about winning? How are we gonna bring manufacturing jobs back now? Why is trump letting all these countries take advantage of us? Why did trump give up on trying to rebalance global trade? Why is he such a quitter? Now that trump has paused the tariffs, Canada can just keep shipping fentanyl over the border. How are we gonna pay for those text cuts for billionaires if we're not bringing in all these trillions from tariffs?
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The interview I listened to today. Gave an example of how he claimed Reagan used tariffs against Japan and the auto industry.

Said that Reagan threatened Japan with tariffs because Japan was flooding the market with their cheap cars. So, Japan decided to self impose a limit on cars. This lead to Japanese car companies building plants in the US.

Also interesting that the person being interviewed claimed that this drove the US manufacturing, but Honda built their first plant in the US before Reagan took office.

Looked this up and found this:

Also ran across this:
 
UNCatTech said:
The interview I listened to today. Gave an example of how he claimed Reagan used tariffs against Japan and the auto industry.

Said that Reagan threatened Japan with tariffs because Japan was flooding the market with their cheap cars. So, Japan decided to self impose a limit on cars. This lead to Japanese car companies building plants in the US.

Also interesting that the person being interviewed claimed that this drove the US manufacturing, but Honda built their first plant in the US before Reagan took office.

Looked this up and found this:

Also ran across this:
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So surprising that the end of Reagan’s message was an appeal to the Unitary Executive or Imperial Presidency.

Wasn’t Reagan a big proponent of limiting the power of government?

In case no one gets it, this was written with my tongue embedded in my cheek.
 
heelslegup said:
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..
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Would you please edit that?
 
Duke Mu said:
Harding looks like a choirboy in comparison.

We elected a convicted felon and known crime family chief. This time without the Adults in the Room. What did we think was going to happen? lol
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Oh, WE knew what would happen.

The MAGAts? No.

The Jamie Dimons, Howard Lutnicks, Marc Andreesens, Mark Zuckerbergs, etc.? They thought they could control Trump. After all, they’re the wealthy elite. They also knew they could grift off him. And, he’d cut THEIR taxes.
 
nycfan said:
“… But the real credit, Mr. Trump’s advisers admit privately, should go to the bond markets. Mr. Trump’s decision was driven by fear that his tariffs gamble could quickly turn into a financial crisis. And unlike the two previous crashes of the past 20 years — the global financial crisis of 2008 and the pandemic of 2020 — this crisis would have been directly attributable to only one man. …
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I don't think it was the stock market that changed the rhetoric out of the orange house, those drops were expected and baked in. It absolutely was the bond market that changed the tone. Overnight, Treasury yields were going up when you would expect them to go down. When money moves out of the stock market, typically it would move towards Treasuries, the safest investment on the planet, which in turn would reduce yields. But in fact, Treasury yields were going up which suggests that not only was money moving out of US stock, but it was also moving out of US Treasuries. In short, foreign capital fleeing the US. My understanding was that bond yields in Europe were dropping suggesting at least some capital was landing there.

Was there a state actor pulling the strings, or multiple state actors working together to send a message to Trump that they are not without weapons and neither Trump nor the US is invulnerable. That would not surprise me. To the degree it was somewhat coordinated, it presumably would need to be state actors in order to mobilize enough volume to make a difference.

Just my 2 cents.
 
dcphx said:
I don't think it was the stock market that changed the rhetoric out of the orange house, those drops were expected and baked in. It absolutely was the bond market that changed the tone. Overnight, Treasury yields were going up when you would expect them to go down. When money moves out of the stock market, typically it would move towards Treasuries, the safest investment on the planet, which in turn would reduce yields. But in fact, Treasury yields were going up which suggests that not only was money moving out of US stock, but it was also moving out of US Treasuries. In short, foreign capital fleeing the US. My understanding was that bond yields in Europe were dropping suggesting at least some capital was landing there.

Was there a state actor pulling the strings, or multiple state actors working together to send a message to Trump that they are not without weapons and neither Trump nor the US is invulnerable. That would not surprise me. To the degree it was somewhat coordinated, it presumably would need to be state actors in order to mobilize enough volume to make a difference.

Just my 2 cents.
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1moretimeagain said:
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"Trump took the win." LOL. So many countries wanting to deal, yet none of them have been named, even by a WH notorious for naming names and saying anything that will get Dear Leader good publicity. He and those around him panicked and backed down, period. And if our tariffs on China start causing real pain to his base then he'll back off those as well while claiming victory, and right-wingers like this guy will claim the same. And his base will buy it hook, line, and sinker.
 
Mulberry Heel said:
"Trump took the win." LOL. So many countries wanting to deal, yet none of them have been named, even by a WH notorious for naming names and saying anything that will get Dear Leader good publicity. He and those around him panicked and backed down, period. And if our tariffs on China start causing real pain to his base then he'll back off those as well while claiming victory, and right-wingers like this guy will claim the same. And his base will buy it hook, line, and sinker.
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Shopping at Walmart is gonna suck.
 
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