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Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
  • Start date Start date
  • Replies: 4K
  • Views: 120K
  • Politics 
Maybe someone could explain this to me. Trump and conservatives suddenly want to move manufacturing back. Didn’t they, along with big business, argue for years that moving jobs overseas increased profits?
 
ChapelHillSooner said:
Anyone considering watching Fox News to get a read on what Trump will do? If they are still 100% pro-tariff then I think Trump will stay the course. I know he watches it constantly and probably views it as a barometer.

And, yes, I know that I'll probably have to go throw up afterwards.
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"Take it...will make you more of a man" seems to be the general opinion:
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ChapelHillSooner said:
That is pure narcissism right there. Trump think that the US has some inherent right to be rule over the world economically and any move others make to protect themselves from that is an attack.
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That view not only fits him perfectly, but it also fits the views of most of his base. They've always seen America as the bully on the block who has the right to tell everybody else what to do. And how dare they think they can stand up to us! The nerve of "those people"!
 
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US plans to hike existing duties on Canadian lumber — even before planned tariffs hit​



“The decades-long softwood lumber dispute between the US and Canada is escalating even before planned tariffs take effect: The US plans to more than double existing anti-dumping and countervailing duties on the critical building material.

The US Department of Commerce, as part of an annual review process, plans to hike the duties from 14.4% to 34.45%, according to published and unpublished filings in the Federal Register.

The duties, which are separate from tariffs that have been proposed on softwood lumber, stem from a decades-long strife between the North American neighbors. Put simply, the US claims that the Canadian lumber industry is government-subsidized. …”
 
Meanwhile, futures suggests strong market opening today as efforts by China to buoy its stock market, measured response by the EU and Trump proclaiming openness to negotiate with individual countries on tariffs seems to be relaxing many investors…
 
Euronext CEO Stephane Boujnah told France Inter radio the “Fear exists all over”, Reuters reports, adding:

“The country (United States) is unrecognisable and we are living in a transition period.

There is a certain form of mourning, because the United States that we had known for the most part as a dominant nation resembled the values and institutions of Europe and now resembles more an emerging market.”
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nycfan said:
Meanwhile, futures suggests strong market opening today as efforts by China to buoy its stock market, measured response by the EU and Trump proclaiming openness to negotiate with individual countries on tariffs seems to be relaxing many investors…
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I'm hardly a financial expert and I'll gladly defer to those who are, but I wonder how long any market recovery will last if Trump decides to continue down this path and not back off? I may well be wrong, but I get the sense that many people are desperately looking for some sign of hope that Trump won't actually go through with this insanity and will back off at some point, or Europe or China or nations we're targeting will back off and give Trump what he wants. If that doesn't materialize (and soon) what will happen then?
 
Mulberry Heel said:
I'm hardly a financial expert and I'll gladly defer to those who are, but I wonder how long any market recovery will last if Trump decides to continue down this path and not back off? I may well be wrong, but I get the sense that many people are desperately looking for some sign of hope that Trump won't actually go through with this insanity and will back off at some point, or Europe or China or nations we're targeting will back off and give Trump what he wants. If that doesn't materialize (and soon) what will happen then?
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If I knew, I would have been riding this shitshow and riding off into early retirement. Alas.

I heard a number of business leaders and analysts suggest that Trump probably has 30-60 days tops for this to continue bumbling along without clearly pulling back on everything except to some extent China before we move from panicky roller coaster trading to deeper and more sustained loses and recession. No idea if they are right but by the end of the of the day, it do seem like a keep calm but vigilant mood was setting in, especially after the crazy spike caused by the 90-day suspension of tariff implementation rumor.
 
I think it all hinges on what he does after issuing a red line to china with a 24 hour deadline
 
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