Tariffs Catch-All

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CFordUNC said:
There are cuckolds, and then there are limp-dicked cuckolds, and then there is Bill Ackman.
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And then there is CFord, uniquely willing and able to lob this type of insult into a discussion about a hedge fund manager complaining about tariffs.
 
Healing said:
Oh, I got that. Bill’s passive aggression towards Dems and his implied “but why won’t someone stop him!” conveyed that Bill assumed some sense of responsibility and integrity existed within a con congress. Similarly, the zzlp analysis that started up this summer (you particularly, IIRC) factored in the opposite congressional input. I don’t see how someone paying even cursory attention to the political realities of the last 4-5 years could ever come to Bill’s conclusion.
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You're not wrong, but motivated reasoning can be blinding.

Ackman, I think, lost his fucking mind about the O7 protests, and then even more when people noticed that his wife had done exactly what the Harvard pres had done but more. I think that's why he went R. Not the only reason, but that's one of them probably.

These people don't like to have their views challenged. For the most part, the people able to challenge their views are liberals, due to the education effect and also generally differences in viewpoint. So then the masters of the universe types get angry at liberals and decide that liberals are their enemies. This has to be why Andreessen talks about how his companies were forced to hire Marxists who were trying to destroy his firms' from the inside. That's such transparent bullshit that I think he actually managed to convince himself of its truth, all to explain why obviously correct critiques from liberals were actually completely wrong.
 
I'm waiting for the EU to tariff our services. That's when it'll really get interesting...
 
Huh? said:
I'm waiting for the EU to tariff our services. That's when it'll really get interesting...
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Gonna be hilarious if Trump accepts the EU offer to drop all industrial tariffs, a concession he rejected as part of the TTIP back in 2017. With his attempts to negotiate with Iran after killing the Iran Nuclear Deal and his anger at USMCA, which his administration authored, reversing all his foreign-policy decisions from 8 years ago might end up a trend. Not sure how the calculus differs now as to then.
 


“Why does @BillAckman act so shocked that Trump is crashing the economy?

Last October, he published a 33-point treatise on the importance of supporting Trump and dared anyone to refute point by point.

So I did.

He said he would post a response but he "had a day job." He never did.

Now, his company has lost a fourth of its value.”
 


"...A document obtained by Reuters reveals that Europe will impose 25% tariffs on a broad range of American goods, with the first wave set to take effect on May 16, and a second round scheduled for December 1.

The move is a direct response to the Trump administration's earlier decision to slap 25% tariffs on imported steel and aluminum—policies that have already begun to ripple across global markets and strain diplomatic ties. ..."

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EU is trying to avoid a trade war but has no choice but to respond, however cautiously for now.
 
So have they settled on the goal being removal of other countries trade barriers, rather than bringing manufacturing back to the US or having tariff proceeds make us rich and remove the need for taxes?
 
Mike Johnson: We owe Trump the chance to run the economy into a ditch to see if it works

 
Here's how I see this going down:

Trump maintains tariffs
Recession plus stagflation
Republicans in Congress realize they could lose 80 seats unless they stand up to the president.
Sometimes in the fall or winter, Congress gets a 2/3 majority in both houses to rein in Trump's tariff power.
 
The market has done a midday return to about even for the day after wild swings. We'll see if there is another last 30- minute sell-off or if everyone holds pat for today and waits to see what other news emerges overnight ...
 
superrific said:
Here's how I see this going down:

Trump maintains tariffs
Recession plus stagflation
Republicans in Congress realize they could lose 80 seats unless they stand up to the president.
Sometimes in the fall or winter, Congress gets a 2/3 majority in both houses to rein in Trump's tariff power.
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I would add that we will see the emergence of trading blocs in Europe and Asia that include Canada and Mexico and largely exclude the US.
 
nycfan said:
Mike Johnson: We owe Trump the chance to run the economy into a ditch to see if it works

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Mike Johnson: "But I think you gotta give the president the latitude ... the runway to do what it is he was elected to do, and that is get this economy going. Get our trade properly balanced with other countries."

US Constitution, Article I, Section 8: "The Congress shall have Power To ... regulate Commerce with foreign Nations"
 
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