Tariffs Catch-All

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UNCatTech said:
If these tariffs were so great for companies and profits, wouldn't that be a positive for the stocks? Why would the markets react so negatively if these are the best thing since sliced bread?
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If tariffs were so great, why don't states and localities in the US apply them to each other? If tariffs were so great, why do the richest countries have the lowest tariffs?
 
So, I posted a little about our change in strategy at work for this years production demands.

Some idiots in IT, in a meeting, tried to claim that this was an example of the tariffs working.

First, this was planned long before trump's stupidity. They only accelerated this project.
Second, this project creates no new jobs in the US.
Third, this project actually decreased our output due to the additional complexity of the other materials.
And this project only exchanges production with our site in Germany, not an addition of production.
Fourth, this happens every fucking year. Every year we evaluate TPC for our production to determine where we make the products, this isn't something new that was driven by a deranged orange lunatic.
Last, the one guy is a died in the wool idiot. BUT, the other guy is the local head of IT.
I so want to tell his trump loving Christian ass that is we would simply remove all tax exemptions for churches we could really cut into the deficit.

How are these people this diluted? Anything that fox news says must be true. There are so many variables they are not considering, like the issues this is causing small businesses, the reaction of the markets, the alienation of other countries, etc. It's fucking amazing.
 
circlesky88 said:
So many episodes of Shark Tank in the early seasons had entrepreneur saying he was manufacturing in the USA and wanted to continue to do that. The sharks would immediately say you really need to go overseas to lower costs.
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Exactly, and the so called "Mr. Wonderful" was the biggest one of all. He always said all he cares about is money and the bottom line, "you have to source from China."

Now, Kevin O'Leary is all over CNBC and other networks supporting Trump and saying we should have 400% tariffs on China.
 
superrific said:
If by that you mean intentionally misleading information, sure.

Here's a question: this German tax -- the $128! -- on the imports, what is it? It's not a tariff, because all tariffs are imposed at the EU level. But he said Germany specifically? So what tax is being applied? Do you even know? I do.

The whole setup is perfectly fair. American exports to Europe pay the same taxes as Europeans do (which is the relevant metric for competition), plus a set of tariffs on top that are tiny and mostly inconsequential. Not entirely inconsequential, but mostly. Trade barriers are quite simply not a significant limiting factor in American exports, which you would learn from talking to pretty much anyone with experience in the field.

Which is why this Donald Trump sycophant has to go on TV to complain about the unfairness of policies that have nothing to do with trade. Nothing.
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He doesn't even understand your question Super. Which is why his response was to point out with his Fox talking points, that the EU does not share our interests.

He could send your question to Fox Infotainment, but they wouldn't understand it either.

Maybe if you try to engage with him further, get a neighbors 10 year old to type the question.
 
Kraftyheel89 said:
Exactly, and the so called "Mr. Wonderful" was the biggest one of all. He always said all he cares about is money and the bottom line, "you have to source from China."

Now, Kevin O'Leary is all over CNBC and other networks supporting Trump and saying we should have 400% tariffs on China.
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Mr. Wonderful has sucked any joy out of watching both Shark Tank and CNBC.
 
nycfan said:
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“… Monday’s lawsuit challenges Trump’s power to enforce the tariffs. To justify the massive charges, Trump invoked the International Emergency Economic Powers Act (IEEPA), a 1997 law that allows the president to impose economic sanctions to combat an “unusual and extraordinary threat.”

Trump is the very first president to use the IEEPA to impose tariffs.

“Our system is not set up so that one person in the system can have the power to impose taxes across the world economy. That’s not how our constitutional republic works,” Jeffrey Schwab, senior counsel at Liberty Justice Center, which is leading the lawsuit, told The Hill.

He added: “That is the thing we’re very concerned about. Because today it’s tariffs, but could it be something else in the future.”

… They also find major issues with Trump’s justification for using the IEEPA. “His claimed emergency is a figment of his own imagination: trade deficits, which have persisted for decades without causing economic harm, are not an emergency,” the complaint reads. “Nor do these trade deficits constitute an ‘unusual and extraordinary threat.‘”

…
There are five angry plaintiffs. First, a New York liquor business, which imports spirits from six continents. Next, a Utah manufacturer of plastic services, which brings in materials from Asia. There’s also a Virginia musical instrument company, a Pennsylvania fishing gear business, and a Vermont women’s cycling apparel store, all of which source different items or materials from abroad.

The Liberty Justice Center regularly represents conservative causes and filed the lawsuit in partnership with Ilya Somin, a law professor at George Mason’s law school. The suit was filed in the U.S. Court of International Trade.…”
 
Kraftyheel89 said:
Exactly, and the so called "Mr. Wonderful" was the biggest one of all. He always said all he cares about is money and the bottom line, "you have to source from China."

Now, Kevin O'Leary is all over CNBC and other networks supporting Trump and saying we should have 400% tariffs on China.
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If you follow him, he's not that great a guy. Rich doesn't mean good or character. There are so many examples.

He really pushed crypto and Sam Bankman-Fried.
 
nycfan said:
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Trump doesn't have a plan, he never has any plans. I'm sure that many of the people around him do - like the authors of Project 2025 - but Trump himself is incapable of long-term planning about anything, and always has been. He acts on impulse and whims and petty vindictiveness and personal revenge and whatever else is crossing his childish mind at that moment. Which accounts for why his tariff policies have been all over the place, although shrewder people around him are likely trying to influence him to do what they want him to.
 
Bobfripp said:
I don't think this data implies what you think it does. I would answer 'agree' to the first statement, and 'disagree' to the second statement. Only 2% of Americans work in manufacturing now, but 25% of Americans would prefer to work in manufacturing. That's a big difference. These 25% might now work in lower paying service-sector jobs. As for me, I like my current job so don't want to work at a factory, but 25% Americans who aren't currently working in manufacturing would like to work in manufacturing.
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superrific said:
If tariffs were so great, why don't states and localities in the US apply them to each other? If tariffs were so great, why do the richest countries have the lowest tariffs?
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Texas has a trade deficit on almonds with California! Tariff their a$$es!!
 
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