Tariffs Catch-All

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Silence Dogood said:
The current course is America getting ripped off for decades and buying foreign made goods
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If getting ripped off, which is a fucking lie, lead to the best economy in the world I'm all for staying the course.

We'll be great when these other countries all work together and simply stop buying US products all together.
 
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05C40 said:
I know I am repeating myself, but before we judge St. Donald of Mar-a-Lago too harshly, let's find out what kind of Kompromat Vlad "the Ras" Putin has on him. Once we know that, then we can judge for ourselves whether we would have acted more heroically than St. Donald has. Given St. Donald's known eccentricities, I'm thinking what Vlad has is pretty disgusting. On the other hand, St. Donald knew this day was coming. The pain would have been less back when he was just a failed businessman who had not only squandered a fortune that his father had left him but also squandered what he was able to steal from his siblings and/or their heirs.
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Putin could simply have photos of Trump in a hotel room wearing just boxers (or tightie whities) - showing just how fat Trump is.
 
uncgriff said:
Debate was a disaster for America.

Jill Biden is the villain here IMO. She knew he wasn't up for the job.
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I keep coming back to this, not that it matters....It wasn't just Jill. If the post op articles are to be believed, everyone in the White House knew and anyone close to Joe knew. How could they not get together way earlier in the process and talk Joe out of it? Did they really think he could waddle through and win? I was voting for Joe even in a "Weekend at Bernie's" scenario, but clearly someone had multiple opportunities and time to convince him to be a one term Pres....

Anyway, back to current events.
 
altmin said:
“[It is] quite an extraordinary calculation after months of work behind the scenes,” said Jim Reid, the global head of macro research at Deutsche Bank. “[It] didn’t add much confidence on there being an in-depth strategic implementation plan.”
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My god, if I hear someone this smart, say something this dumb again, my head might explode....there wasn't, never will be and never could be a plan with this Administration. Much less an "in-depth strategic implentation plan." There is no way anyone in the finance world could think any of this would be well thought out....
 
altmin said:
www.theguardian.com

Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray
www.theguardian.com www.theguardian.com
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Trump is obsessed trade deficits. CNBC showed a series video clips of Trump complaining about trade deficits back into the 1980's. This has been an issue for him for 40 years. So when they said, “The boss hates trade deficits and his team of willing sycophants came up with a formula, however idiotic, that ticked the box.” they are just pandering to his long-standing obsession.

But they neglect the simple fact that the US is 28% of global GDP but only 4.5% of the global population. You can't consume that much shit without outsourcing a lot of it to low cost sources. And these countries are too poor to buy products the US makes. We buy diamonds from Lesotho, no amount tariffs is going to make those poor miners buy US products. And now we learn Trump's whole tariff formula is based on trade deficits, which is just asking the wrong question.

My favorite post on this thread was from @TangledUpInBlue06 when they said "You start to understand how this idiot could bankrupt a casino."
 
farce© said:
Trump is obsessed trade deficits. CNBC showed a series video clips of Trump complaining about trade deficits back into the 1980's. This has been an issue for him for 40 years. So when they said, “The boss hates trade deficits and his team of willing sycophants came up with a formula, however idiotic, that ticked the box.” they are just pandering to his long-standing obsession.

But they neglect the simple fact that the US is 28% of global GDP but only 4.5% of the global population. You can't consume that much shit without outsourcing a lot of it to low cost sources. And these countries are too poor to buy products the US makes. We buy diamonds from Lesotho, no amount tariffs is going to make those poor miners buy US products. And now we learn Trump's whole tariff formula is based on trade deficits, which is just asking the wrong question.

My favorite post on this thread was from @TangledUpInBlue06 when they said "You start to understand how this idiot could bankrupt a casino."
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Yes. Trump is coming from a position that trade deficits are inherently bad.
 
bassydude77 said:
My god, if I hear someone this smart, say something this dumb again, my head might explode....there wasn't, never will be and never could be a plan with this Administration. Much less an "in-depth strategic implentation plan." There is no way anyone in the finance world could think any of this would be well thought out....
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I think that's Jim Reid's point. He's using finance speak to say the same thing. It's the administration that said it was working diligently behind the scenes for months, and he's unimpressed. I took his comment to translate like this:

They said they've been carefully working on this for months, but that's obviously bullshit because this mess was obviously thrown together haphazardly at the last minute.

But he can't quite say it that way for fear of retribution. Note that's not a Trump specific thing -- obviously he's made things worse, but bankers and finance people have talked like this for a very long time.
 
superrific said:
I think that's Jim Reid's point. He's using finance speak to say the same thing. It's the administration that said it was working diligently behind the scenes for months, and he's unimpressed. I took his comment to translate like this:

They said they've been carefully working on this for months, but that's obviously bullshit because this mess was obviously thrown together haphazardly at the last minute.

But he can't quite say it that way for fear of retribution. Note that's not a Trump specific thing -- obviously he's made things worse, but bankers and finance people have talked like this for a very long time.
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My question is more - did he actually believe they were working on a well considered plan and now he is surprised by the implementation? My point is that everyone, everywhere should know by now that there was never a well considered plan.
 
bassydude77 said:
My question is more - did he actually believe they were working on a well considered plan and now he is surprised by the implementation? My point is that everyone, everywhere should know by now that there was never a well considered plan.
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I think he did not believe that. I think he's pretending to have thought that to give the administration a presumption of regularity (which is standard fare for anyone who has lots of business before the government). It's the same way that other countries' leaders, while harshly criticizing Trump, still stop short of impolite.

For instance, the Canadians were saying, "Trump wants us to decrease fentanyl, but he's not given us a target or a diagnosis of where he thinks the fentanyl is coming from." They know that Trump DGAF about fentanyl and that's just pretext. But they honor the pretext to be diplomatic.
 
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