Dr. Phosphorous
Platinum Member
- Sep 3, 2024
- 10,042
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- Banned
- #1
Pure insanity. Get ready to see a bunch of empty Walmart shelves throughout the country....and even MAGA idiots in places like Alabama and South Carolina and Idaho will know Trump is to blame for their finanical hardship.
There is no way in hell this is going to end well for Trump or any of his brainwashed, imbecile MAGA followers who are actually stupid enough to believe these ******* tariffs are going to have any positive impact on this country.
From the Washington Post --
The number of shipping containers that arrived at the nation’s top container port last week was roughly one-third lower than during the same period last year — a sharper decline than during the depths of the Great Recession. More than one-fifth of the giant ships that were scheduled to call in Los Angeles this month have already canceled, and that number is expected to rise.
Trump’s 145 percent tariffs on Chinese goods — and Beijing’s triple-digit retaliation — are bringing a swift halt to the trans-Pacific flow of electronics, clothing, furniture, industrial parts and everything else that the world’s two largest economies exchange.
“I can’t imagine our government spending another 30 days in the current environment. I don’t think it’s sustainable. I don’t think the consumer is going to be able to put up with it. I’m not sure there’s going to be enough on the shelves for people to buy in another 60 or 90 days,” said Joseph Gregorio Jr., chief operating officer of the Pacific Companies, a provider of trucking, storage and cargo-handling services.
As U.S. and Chinese negotiators met in Switzerland over the weekend for talks aimed at cooling trade tensions, dockworkers were working fewer hours. Truckers who haul containers full of goods to and from the port have begun handing their keys to the bank rather than making payments on surplus vehicles.
After rising in April by about 5.5 percent, L.A.’s container imports this month are expected to plunge by 25 percent. The abrupt adjustment playing out here offers a glimpse of the costs involved in moving from a global trading system that the president says routinely cheated Americans to the “Golden Age” he promises.
There is no way in hell this is going to end well for Trump or any of his brainwashed, imbecile MAGA followers who are actually stupid enough to believe these ******* tariffs are going to have any positive impact on this country.
From the Washington Post --
The number of shipping containers that arrived at the nation’s top container port last week was roughly one-third lower than during the same period last year — a sharper decline than during the depths of the Great Recession. More than one-fifth of the giant ships that were scheduled to call in Los Angeles this month have already canceled, and that number is expected to rise.
Trump’s 145 percent tariffs on Chinese goods — and Beijing’s triple-digit retaliation — are bringing a swift halt to the trans-Pacific flow of electronics, clothing, furniture, industrial parts and everything else that the world’s two largest economies exchange.
“I can’t imagine our government spending another 30 days in the current environment. I don’t think it’s sustainable. I don’t think the consumer is going to be able to put up with it. I’m not sure there’s going to be enough on the shelves for people to buy in another 60 or 90 days,” said Joseph Gregorio Jr., chief operating officer of the Pacific Companies, a provider of trucking, storage and cargo-handling services.
As U.S. and Chinese negotiators met in Switzerland over the weekend for talks aimed at cooling trade tensions, dockworkers were working fewer hours. Truckers who haul containers full of goods to and from the port have begun handing their keys to the bank rather than making payments on surplus vehicles.
After rising in April by about 5.5 percent, L.A.’s container imports this month are expected to plunge by 25 percent. The abrupt adjustment playing out here offers a glimpse of the costs involved in moving from a global trading system that the president says routinely cheated Americans to the “Golden Age” he promises.
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