Tariffs Catch-All
- Thread starter BubbaOtis
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So more expensive stuff and having less is a good thing?
Silence had better purchase a few gallons of lotion now or he will have to ration as he celebrates all the misfortune that's heading toward America on the trump depress.
superrific
Legend of ZZL
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The president talks about children having "dolls" as toys, intimates that parents have been giving their kids dozens of dolls, says it's no big deal if the toys cost a bit more . . .
and it's the Dems who are out of touch?
and it's the Dems who are out of touch?
milom98
Distinguished Member
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This gold toilet owning mfer talking about stuff that people don't need makes my blood boil.
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CDLLife is the largest online community of truck drivers in the United States – offering transportation industry news, entertainment, jobs, and more.
cdllife.com
Apollo Global Management economists shared the April 2025 report “How are US consumers and firms responding to tariffs?” looking ahead to the expected impact of the Trump Administration’s tariffs on the American economy in the months to come.
The report broadly predicts supply chain disruptions, reduced consumer confidence, and a likely economic recession by the summer as a result of tariffs placed on U.S. trading partners, including a 145% tariff on China.
Of particular note for the trucking industry, the report laid out the following timeline for the impact of tariffs on the U.S. supply chain that predicts empty shelves and layoffs:
April 2: Liberation day tariffs. Container departures from China to the U.S. slowing rapidly.
Twenty to forty days container ship transit time.
Early May/Mid May: Container ships to U.S. ports come to a stop.
One to ten days truck/rail transit time to cities.
Mid May/Late May: Trucking demand comes to a halt.
Empty shelves and companies respond to lower sales.
Late May/Early June: Layoffs in trucking and retail industry.
Summer 2025: Recession.
Tariffs to trigger empty shelves, widespread trucking layoffs as early as May, economists warn
A U.S. asset management firm recently issued a dire warning for the trucking and retail sectors as tariffs begin to impact the global supply chain. Apollo
cdllife.com
Apollo Global Management economists shared the April 2025 report “How are US consumers and firms responding to tariffs?” looking ahead to the expected impact of the Trump Administration’s tariffs on the American economy in the months to come.
The report broadly predicts supply chain disruptions, reduced consumer confidence, and a likely economic recession by the summer as a result of tariffs placed on U.S. trading partners, including a 145% tariff on China.
Of particular note for the trucking industry, the report laid out the following timeline for the impact of tariffs on the U.S. supply chain that predicts empty shelves and layoffs:
April 2: Liberation day tariffs. Container departures from China to the U.S. slowing rapidly.
Twenty to forty days container ship transit time.
Early May/Mid May: Container ships to U.S. ports come to a stop.
One to ten days truck/rail transit time to cities.
Mid May/Late May: Trucking demand comes to a halt.
Empty shelves and companies respond to lower sales.
Late May/Early June: Layoffs in trucking and retail industry.
Summer 2025: Recession.
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This is why Trump wants all truck drivers to speak fluent English. They know freight is going to drop precipitously and truck drivers will be hurt. By requiring fluency in English, they get rid of the hispanic truck drivers and keep the native English speakers who are most likely to vote for Trump. So the people who bear the brunt of the drop in shipments are people Trump wants to hurt anyway.
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I’m now down to under 20% pure US market exposure, after selling out of a REIT etf at close, today. I still have modest positions in international income producing and India etfs - otherwise, it’s short term bonds and money market. I’m undoubtedly going to miss some spectacular days, some good weeks, and probably some up months, but there is literally nothing suggesting the US economy will have responsible stewardship, for the duration of Trump. In fact, even if he reverses all this voodoo economic and constantly contradictory bullshit, the destruction to our trade relationships will endure for years.
p5mmr9
Exceptional Member
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REITs should be fairly resilient over the course of Trump's term. VNQ is still up YTD. And next year Trump will get to appoint the Fed Chair and there is zero chance that person does anything other than lowering rates - juicing the real estate market in turn.
I would not move all your investments to cash unless you need all of that cash over the next 12-18 months.
I would not move all your investments to cash unless you need all of that cash over the next 12-18 months.
p5mmr9
Exceptional Member
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"Somebody said, 'oh, the shelves are gonna be open,'" Trump told reporters Wednesday. "Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more."
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About half of my remaining US market exposure is a BlackRock REIT.
mynameisbond
Distinguished Member
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I’m still waiting for someone in this administration to provide an explanation of how these shifting tariffs are supposed to counter a trade deficit. Our trade deficits are due to domestic spending that exceeds production. There is an insatiable appetite for consumer goods. Tariffs can slow spending but that isn’t a solution without a method to increase competitive production. There doesn’t seem to be any kind of rational plan for this.
Mulberry Heel
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Yeah, even if we do still have free elections and somehow manage to elect a Democratic POTUS in 2028 (a big assumption at this point) then it will not magically fix the damage Trump has already done to our global relationships. Other nations aren't going to stop treating us like a threat and pariah just because we lucked into electing a Democratic POTUS. We elected Biden and Trump just returned four years later and has already caused even more damage to the global economy than he did in his first term. It is very likely that foreign governments will simply assume going forward that Trumpism is now a dominant factor of American politics and any Democratic POTUS is just a temporary sane interruption between Trumpist administrations and Congresses that will continue to treat them like shit. It may well take decades of sane and competent presidential administrations to fully recover from the damage to our international reputation Trump has caused, which is unlikely to happen as long as Trumpism continues its hold over the GOP.
ChapelHillSooner
Honored Member
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Or hear me out. The American people suffer just enough economically to rid us of the MAGA virus.
I am not rooting for that as I don’t want suffering of any type but it could have that effect.
Mulberry Heel
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Trust me, I hope it happens as well. But I do think it's going to be a long while before most other nations trust us or see us as an ally again.
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Trump tariffs cause fastest slump in British factory export orders in five years
Decline in output and new orders in April allied with rising uncertainty is prompting layoffs, survey finds
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Trump’s tariffs: ‘It feels like Covid 2.0. So many things are getting disrupted’
Pittsburgh residents, workers and business owners react to the increasingly fraught trading reality now upending supply chains and hitting prices
The brewery’s chief operating officer, Alaina Webber, says: “For the first time, as a company in operation going on 15 years, we’ve started to get explicit emails that say: ‘On this existing order, you are now going to see a 30%, then to a 130% increase.’”
The brewery is based in Braddock, in the Allegheny valley, in the eastern suburbs of Pittsburgh, where the Scots-born industrialist Andrew Carnegie opened his first steel mill about 150 years ago, founding an industry that underpinned the industrialisation of America.
Today, the vast mill is still in operation, but the tariffs Trump claims will restore the glory of rust-belt towns such as this have inflicted chaos on thousands of firms across the region.
...
At the other end of town, outside the vast Edgar Thomson steel mill, workers gathered in a union social hall are reluctant to chat.
One man says he and his mates are divided about the merits of the long-running takeover battle for the plant’s owner US Steel, by Japan’s Nippon Steel. “That’s a tricky subject,” he says.
But he holds out hope that Trump’s tariffs will bring change to towns like this, where shops are shuttered and many of the clapboard houses have broken windows. “I think they might work, because we have been taking a beating lately,” the steelworker says. “America’s been robbed and abused and I think it’s time that we start taking care of our own, and they start taking care of theirs.”
The international president of the Pittsburgh-based United Steelworkers union, David McCall, has praised Trump’s tariffs, calling them “a crucial means of reining in bad actors who view access to the US market as a right, not a privilege.”
At the nearby headquarters of the Steel Valley Authority, which has been supporting businesses in this region for decades, its veteran executive director Tom Croft is more sceptical.
“What we’re hearing is there’s just a lot of uncertainty. The prices are the big thing, and the supply chain of products,” he says. “Right now, it’s too early to tell, but people are thinking it’s very much like the Covid shutdown.”
He doesn’t object to the idea of targeted tariffs as part of a wider industrial policy, but he says: “The way they’re going about it has made a lot of the smaller manufacturers and managers wonder what the hell they’re going to do.”
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The Rush to Beat Tariffs Is Distorting the Economy. There’s More to Come.
Surging U.S. imports, while likely temporary, are frustrating the president’s goal of reducing America’s trade imbalances
—> https://www.wsj.com/economy/trade/t...1f?st=rg7uL7&reflink=mobilewebshare_permalink
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“… Now, there is a second leg to the rush. The president’s decision on April 9 to pause so-called reciprocal tariffs for 90 days on every trading partner except China has presented businesses around the world with a new deadline to beat. The stakes are high: Many Asian imports could face tariffs of more than 40% while goods from the European Union are in line for a 20% levy.The Rush to Beat Tariffs Is Distorting the Economy. There’s More to Come.
Surging U.S. imports, while likely temporary, are frustrating the president’s goal of reducing America’s trade imbalances
Roger Lund has a container full of Christmas decorations from Germany that he needs in Baltimore port by July 8, after which the tariff he pays on the cargo is set to double. …
…”