Tariffs Catch-All

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finesse said:
Fwiw, that sort of business sense is how you run casinos out of business.

ETA: Basically about 6% the production at 5 times the cost. I really don't think small batch ship building has the same upside as small batch bourbon and tariffs are hurting them, too.
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And owned by a South Korean company Lets give them Billions
 
altmin said:

President Trump and some members of Congress want to revive a depleted American shipbuilding industry to compete with China, the world’s biggest maker of ships by far.

It is such a daunting goal that some shipping experts say it is destined to fail. More hopeful analysts and industry executives say the Trump administration and Congress could succeed but only if they are willing to spend billions of dollars over many years.

One of the places where Washington’s maritime dreams might take shape or fall apart is a shipyard on the southern edge of Philadelphia that was bought last year by one of the world’s largest shipbuilding companies, a South Korean conglomerate known as Hanwha.

“The shipbuilding industry in America is ready to step up,” David Kim, the chief executive of Hanwha Philly Shipyard, said in an interview.

But to do that, he said, the yard must have a steady stream of orders for new vessels. And the federal government will need policies that subsidize American-built ships and penalize the use of foreign vessels by shipping companies that call on U.S. ports.

Last month, Mr. Trump issued an executive order aimed at revitalizing American shipbuilding. “We’re going to be spending a lot of money on shipbuilding,” he said when announcing the order. “We’re way, way, way behind.”

The Office of the United States Trade Representative set new rules in April that penalize Chinese ships and require that certain commercial vessels be built in the United States. In Congress, lawmakers from both parties are pushing a sprawling bill that contains significant subsidies to bolster American shipbuilding.

But there is much to overcome.

The Philadelphia yard won’t have space for new orders until 2027, and other American shipyards are so tied up with filling orders for the Navy that they don’t have the capacity to produce commercial vessels.

It takes far longer to build ships in the United States than in Asia, and costs nearly five times as much. The Philadelphia yard makes roughly a ship and a half a year, compared with around a ship a week at Hanwha’s larger facilities in its home country, Mr. Kim said.
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Wow, Mr Kim doesn't want much, does he?

Subsidies and tariffs, he and trump will get along well.
 
theel4life said:
Trump is literally using the presidency to make money. How can people not see this?
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Sell stocks and then threaten harsh tariffs

Buy stocks back after the market plunge

Announce a pause in tariffs and then sell stocks after the market rockets

Announce the tariffs are back on and buy stocks after the market plunge

rinse and repeat... grifter gonna grift
 
altmin said:

President Trump and some members of Congress want to revive a depleted American shipbuilding industry to compete with China, the world’s biggest maker of ships by far.

It is such a daunting goal that some shipping experts say it is destined to fail. More hopeful analysts and industry executives say the Trump administration and Congress could succeed but only if they are willing to spend billions of dollars over many years.

One of the places where Washington’s maritime dreams might take shape or fall apart is a shipyard on the southern edge of Philadelphia that was bought last year by one of the world’s largest shipbuilding companies, a South Korean conglomerate known as Hanwha.

“The shipbuilding industry in America is ready to step up,” David Kim, the chief executive of Hanwha Philly Shipyard, said in an interview.

But to do that, he said, the yard must have a steady stream of orders for new vessels. And the federal government will need policies that subsidize American-built ships and penalize the use of foreign vessels by shipping companies that call on U.S. ports.

Last month, Mr. Trump issued an executive order aimed at revitalizing American shipbuilding. “We’re going to be spending a lot of money on shipbuilding,” he said when announcing the order. “We’re way, way, way behind.”

The Office of the United States Trade Representative set new rules in April that penalize Chinese ships and require that certain commercial vessels be built in the United States. In Congress, lawmakers from both parties are pushing a sprawling bill that contains significant subsidies to bolster American shipbuilding.

But there is much to overcome.

The Philadelphia yard won’t have space for new orders until 2027, and other American shipyards are so tied up with filling orders for the Navy that they don’t have the capacity to produce commercial vessels.

It takes far longer to build ships in the United States than in Asia, and costs nearly five times as much. The Philadelphia yard makes roughly a ship and a half a year, compared with around a ship a week at Hanwha’s larger facilities in its home country, Mr. Kim said.
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The days of the Kaiser Shipyards building hundreds of Victory and Liberty ships are long gone.
 
McAdooSmackinYou said:
Oh they see it. They like it. It's exactly what his trash supporters would do if they were in his shoes and it's why they so easily shrug it off. They are living vicariously through Trump.
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To be fair, I think many MAGA folks have been so inculcated with propaganda about “tHe BIdeN CRiMe FAmiLY!!!111” that they view Trump’s actions as just deserts.

I also think many of them are really too financially illiterate and have such little knowledge of government that they dont understand how Trump is doing what he’s doing and how corrupt it is.
 
ChileG said:
I sure hope all this tariff on-again off-again is market manipulation.
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I don't think it is. That's the sanewashing explanation. I'd say the real story is that Trump and his people have absolutely no idea what they are doing, and Trump himself is so mentally weak that he's being played by two different sides.

There's Bessent and Moran, who want universal tariffs and not so much country-specific ones (though Moran sacrificed all of his credibility when he recently said Trump's views of international trade were correct), and then there's the Lutnick faction of retaliation and yay America tariffs. Navarro is apparently in his ear whispering about bringing back manufacturing with tariffs.
 
superrific said:
I don't think it is. That's the sanewashing explanation. I'd say the real story is that Trump and his people have absolutely no idea what they are doing, and Trump himself is so mentally weak that he's being played by two different sides.

There's Bessent and Moran, who want universal tariffs and not so much country-specific ones (though Moran sacrificed all of his credibility when he recently said Trump's views of international trade were correct), and then there's the Lutnick faction of retaliation and yay America tariffs. Navarro is apparently in his ear whispering about bringing back manufacturing with tariffs.
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I agree with you.
 
superrific said:
I don't think it is. That's the sanewashing explanation. I'd say the real story is that Trump and his people have absolutely no idea what they are doing, and Trump himself is so mentally weak that he's being played by two different sides.

There's Bessent and Moran, who want universal tariffs and not so much country-specific ones (though Moran sacrificed all of his credibility when he recently said Trump's views of international trade were correct), and then there's the Lutnick faction of retaliation and yay America tariffs. Navarro is apparently in his ear whispering about bringing back manufacturing with tariffs.
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Obviously, you did not attend Trump University .

This is a simple strategy that we learned from the intro course "Insider Trading 101" ... As a summa cum laude graduate from Trump University I have made millions over the last few weeks. Too bad you went to some lame ass elite university that filled your head with useless shit like fake knowledge and stuff.
 
heelinhell said:
Obviously, you did not attend Trump University .

This is a simple strategy that we learned from the intro course "Insider Trading 101" ... As a summa cum laude graduate from Trump University I have made millions over the last few weeks. Too bad you went to some lame ass elite university that filled your head with useless shit like fake knowledge and stuff.
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I TAUGHT at Trump U. Didn't you take my course The Cultural Lability of Real Estate "Fraud"? It went through many titles as I negotiated with the administrators:

The Cultural Lability of Real Estate Fraud.
Then they made me insert some scare quotes: The Cultural Lability of "Real Estate" "Fraud".
Then they made me take out some scare quotes, so I started over: Hegemonic Narratives: Woke Brokers And Broke Tokers.
Nobody knew what this meant, so they gave me a course that they thought better fit their student enrollment: Happy Hour

That's when I quit and took up residence on the ZZL
 
superrific said:
I TAUGHT at Trump U. Didn't you take my course The Cultural Lability of Real Estate "Fraud"? It went through many titles as I negotiated with the administrators:

The Cultural Lability of Real Estate Fraud.
Then they made me insert some scare quotes: The Cultural Lability of "Real Estate" "Fraud".
Then they made me take out some scare quotes, so I started over: Hegemonic Narratives: Woke Brokers And Broke Tokers.
Nobody knew what this meant, so they gave me a course that they thought better fit their student enrollment: Happy Hour

That's when I quit and took up residence on the ZZL
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I was pursuing a BA in grifting and those courses were not required . I thought about taking that course in real estate fraud as an elective but after looking at the course description with its big words that I did not understand and all the required readings in the syllabus that required reading, I decided to take " How to Enrich Yourself With the Establishment of a Charitable Foundation "
 
heelinhell said:
I was pursuing a BA in grifting and those courses were not required . I thought about taking that course in real estate fraud as an elective but after looking at the course description with its big words that I did not understand and all the required readings in the syllabus that required reading, I decided to take " How to Enrich Yourself With the Establishment of a Charitable Foundation "
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You should have looked to page 2 of the syllabus. The entirety was Fuck Trump, Fuck Trump, Fuck Trump x 100. I felt safe because it was on page 2. No danger of that being seen.

But Char Found, as it was colloquially known, was a good course too. I knew the instructor -- a guy named Mernie Badoff. Seemed nice enough.
 
Patb78 said:
The days of the Kaiser Shipyards building hundreds of Victory and Liberty ships are long gone.
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This administration’s policy, after grifting, is to advance us to the past.

Maybe he will require Ford and Chevy to re-release some classic '60's and '70's era cars. With carburetors of course.
 
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