Tariffs Catch-All

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MendotoManteo said:
And because I grew up with the same mentality, I can just imagine there's many a MAGA household child out there, looking up to their father and asking, "But he's trying to help us, right, daddy? No matter what happens?"

No!

The reason he's always been so obsessed with tariffs is because he's a complete and utter failure at business. He could not excel in the world given to him, so being a narcissist with "galaxy brain," he thinks a world of tariffs and trade wars will finally be where he proves his true genius. Perhaps even becomes the richest man ever!

It's all so dreadfully stupid.
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"he thinks a world of tariffs and trade wars will finally be where he proves his true genius"

I disagree. I agree that he's a narcissist and I'll add that he's an egomaniac. He could have very easily done his threatening behind the scenes, gotten countries to decrease their tariffs and announced his victory after the fact. That's not how Trump works because he's a narcissistic, egomaniac who has to let the world know that he's in charge with his press conferences and idiotic fucking posterboard.... like he's a high school student giving a presentation in economics class.

If the tariffs are in place 6 months from now, I'll be surprised.
 
Bessent was apparently very successful in finance but believes significant dislocations in our financial markets won’t impact Main Street. Good luck.

 
nycfan said:




Fail Car Wash GIF
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As many people have pointed out, the problem with this logic is that no company in its right mind is going to invest billions in US manufacturing when the success of that manufacturing is dependent on tariffs which Trump has constantly said are negotiable and therefore may be changed at any moment. You have to believe those tariffs will still be there in 3 years when you're finally ready to ramp up production.
 
heelinhell said:
People used to chuckle and wonder how Trump managed to bankrupt a casino...

I think we are beginning to see how he did it.
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Since the election, I've had at least two bankers tell me how good Trump was going to be for the economy. In both cases, I've wondered what are the chances that either would grant a loan to Trump considering his bankruptcy background, and the fact that he would have had several more bankruptcies if he had paid all his contractors.
 
When do we see economic impact outside of the stock market? I understand the stock market is a bit forward looking, but when do we see impact on jobs, gdp, cpi, etc?

Audi has paused their exports to the US. Dealers in US have just 60 days inventory.... ugh.
 
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We have a shit ton of debt — crashing demand for U.S. treasuries would crush the economy.
 
nycfan said:
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We have a shit ton of debt — crashing demand for U.S. treasuries would crush the economy.
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NYT Live updates —> Trump Trade War

GIFT LINK 🎁 —> Trump Tariffs Live Updates: China Retaliates Against U.S. Tariffs With 84% Levy
  • Bonds under pressure: Markets are in an unusual situation, with bond yields rising as stocks and the dollar fall. Yields rise when investors sell bonds — pulling down the price of bonds — which can reflect worries about inflation, shifts away from U.S. dollar assets or a need for investors to raise cash to cover losses on other trades. Rising yields push up the cost of borrowing for mortgages, credit cards, business loans and many other rates. The 10-year U.S. Treasury yield jumped to around 4.4 percent, up from below 4 percent at the start of the week.
 
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