Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
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China: “Even if the U.S. continues to impose higher tariffs, it would be economically meaningless and would become a joke in the history of the world economy. At current tariff levels, U.S. exports to China are no longer marketable. If the U.S. insists on playing the numbers game with tariffs, China will disregard it. However, if the U.S. persists in substantially harming China’s interests, China will firmly retaliate and fight to the end.”

Grampa Simpson Grandpa GIF by MOODMAN

Nothing like two grumpy old men having a completely unnecessary fight that tanks the world economy.
 
hedge said:
I guess it's possible that you like to think about a position, but you never decide, you just present a continuous series of what-if's and hypotheticals regardless of the issue or the situation. And that's fine, it's who you are, but don't delude yourself (or think you're deluding us) by claiming you decide anything. Your hallmark is never deciding on anything. In an earlier era you might've been referred to as a gadfly, but even gadflies eventually settle on something. You're more like a ramora afffixed to the underbelly of a gadfly. That's the closest you ever come to a fixed position...
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Inaccurate. I'll often argue my position forever trying to convince someone that I'm correct in my unpopular positions. Folks get exasperated when I won't change my mind.
 
Exasperated? You have a mighty high opinion of how you think other folks regard you and your opinions. Annoyed is more like it, if that. You're a gnat...
 
DantesHair said:
Main character syndrome
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This reminds me of the ludicrous account which he gave Mr. Langton, of the despicable state of a young Gentleman of good family. "Sir, when I heard of him last, he was running about town shooting cats." And then in a sort of kindly reverie, he bethought himself of his own favourite cat, and said, "But Hodge shan't be shot; no, no, Hodge shall not be shot."
 
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Maybe some EU nations want to break cover and negotiate their own tariff relief? 🤔
 
Doesn’t sound like the Fed is launching a rescue mission just yet but may be considering it …

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HintonJamesHeel said:
Let’s be honest, so much is going to happen between now and then this is going to seem like the 70s. We have years left with these administration. They are dog years.
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I hear you, and you're absolutely right about the impact of the passage of time. Corn belt voters tend to be fairly single-issue, though, and if tariffs stay in place, and if the administration doesn't bail out the farmers like he did last time, there will be a lot of anger when the next election rolls around. May not change things because those states are so deeply red at this point, but it's another example of Trump kicking his own base in the nuts.
 
UNCatTech said:
You might want to reconsider why folks get exasperated when discussing things with you. I believe you may have it incorrect.
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I'm sure everyone has their own feelings about it. That's just my sense of the majority or perhaps just the loudest but I could totally be wrong. No worries either way.
 
Soybean farmers in Iowa are less susceptible to Chinese tariffs because China moved a significant number of their imports to Brazil in the last Trump administration. Those sales aren't coming back soon, tariffs or no tariffs.

Trump is essentially enacting an import substitution program. But that requires long-term capital investment, which requires economic stability and foreign investment. The way to approach this are programs like Biden's CHIPS act, which he's walked away from. It also requires a highly trained work force, but our government is underinvesting to reverse the academic decline of the past decade and we are making it harder for foreign workers (and students) to bridge the gap.

All of this inhibits economic growth. Most of our fiscal and societal problems depend on economic growth to fix. The damage done in the last week can't be offset by the nickels and dimes that DOGE is saving - our interest payments on the debt will increase, we will have fewer inflows into social security, our tax revenues are declining and we are spending less on mitigation programs for disease and natural disasters.

Essentially, we looked at Brexit, sighed, and gasped a little too confidently, "Hold my beer!"
 
Huh? said:
Soybean farmers in Iowa are less susceptible to Chinese tariffs because China moved a significant number of their imports to Brazil in the last Trump administration. Those sales aren't coming back soon, tariffs or no tariffs.

Trump is essentially enacting an import substitution program. But that requires long-term capital investment, which requires economic stability and foreign investment. The way to approach this are programs like Biden's CHIPS act, which he's walked away from. It also requires a highly trained work force, but our government is underinvesting to reverse the academic decline of the past decade and we are making it harder for foreign workers (and students) to bridge the gap.

All of this inhibits economic growth. Most of our fiscal and societal problems depend on economic growth to fix. The damage done in the last week can't be offset by the nickels and dimes that DOGE is saving - our interest payments on the debt will increase, we will have fewer inflows into social security, our tax revenues are declining and we are spending less on mitigation programs for disease and natural disasters.

Essentially, we looked at Brexit, sighed, and gasped a little too confidently, "Hold my beer!"
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Agreed, but to make things immensely worse and less explicable, we did Brexit on Steroids AFTER seeing how disastrous Brexit was for the UK.
 
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