Buckle Up: What Trump Tariffs Mean For The U.S. Economy And Stock Market

[Luckyone]

Buckle Up: What Trump Tariffs Mean For The U.S. Economy And Stock Market

Yet economists generally view tariffs as, at best, a blunt instrument for curing those ills. At worst, tariffs can be counterproductive, making protected industries less efficient while doing little to reverse trade imbalances.A 2019 study on the impact of the 2018-19 trade war by Fed economists Aaron Flaaen and Justin Pierce found that a small boost in manufacturing employment thanks to Trump tariffs was "more than offset by larger drags from the effects of rising input costs and retaliatory tariffs.

"In general, economists expect reduced imports to strengthen the dollar. That would further diminish the competitiveness of U.S. exporters, negating any benefit from tariffs. That's what happened during the 2018-19 trade war, JP Morgan Asset Management market strategists Gabriela Santos and Marina Valentini noted recently.

The U.S. dollar index rose 10% in 2018 and 4% in 2019, while a weaker Chinese currency "partially cushioned the impact of tariffs by making Chinese exports relatively cheaper and preserving their competitiveness in the global market."

The above information is but a sample of the article given here. This article is excellent, as far as giving non-biased data and information as to what Trump's tariffs are likely to do. I recommend you read the entire article.

One thing for sure, and is stated in this article and the section shown above, it that this is a "BLUNT instrument for curing those ills"

This is exactly what I have been saying all along. Trump is incompetent and makes mistakes that are very costly. Imposing tariffs on some products is not a bad idea. Imposing across the board tariffs on all nations and on all goods is a "Blunt instrument" that is idiotic and will cause more and unnecessary problems than any that it will fix.

Since day one, I have stated that TRUMP (as a person) will cause chaos and destruction of our nation, and the results of this tariff war will begin to confirm my evaluation of Trump

 

[Mac1958]

I have a hard time believing this is going to last long. The inflation domino effect would kill us. Trump is trying to get our former friends to blink to any degree so he can claim victory.

Surely someone close to him has told him. He's clueless, but someone around him has to know.

 

[TheGreatSatan]

If tariffs are bad, why do democrats support all those nations having tariffs on America?

Looks like the rich aren't getting richer for once.

 

[Luckyone]

If tariffs are bad, why do democrats support all those nations having tariffs on America?

Looks like the rich aren't getting richer for once.

No one is saying that tariffs are bad. What I am saying in that "Trump's blunt approach is going to cause more problems than it solves"

Tariffs need to be put on with great detail on some products, so those products (and the nation behind those products) are protected. That is what other nations have done and that we should do.

This blanket approach is like "killing weed by destroying the entire garden".

 

[theHawk]

The above information is but a sample of the article given here. This article is excellent, as far as giving non-biased data and information as to what Trump's tariffs are likely to do. I recommend you read the entire article.

One thing for sure, and is stated in this article and the section shown above, it that this is a "BLUNT instrument for curing those ills"

This is exactly what I have been saying all along. Trump is incompetent and makes mistakes that are very costly. Imposing tariffs on some products is not a bad idea. Imposing across the board tariffs on all nations and on all goods is a "Blunt instrument" that is idiotic and will cause more and unnecessary problems than any that it will fix.

Since day one, I have stated that TRUMP (as a person) will cause chaos and destruction of our nation, and the results of this tariff war will begin to confirm my evaluation of Trump

It means moving manufacturing back to the USA.

I know destroying the middle class and manufacturing was something you lefties have been doing for the past thirty years, but that time is over.

 

[TheGreatSatan]

No one is saying that tariffs are bad. What I am saying in that "Trump's blunt approach is going to cause more problems than it solves"

Tariffs need to be put on with great detail on some products, so those products (and the nation behind those products) are protected. That is what other nations have done and that we should do.

This blanket approach is like "killing weed by destroying the entire garden".

Those nations have blanket tariffs on America.

Americans are tired of it.

 

[theHawk]

I have a hard time believing this is going to last long. The inflation domino effect would kill us. Trump is trying to get our former friends to blink to any degree so he can claim victory.

Surely someone close to him has told him. He's clueless, but someone around him has to know.

Then why do all those other nations have tariffs on us?

You can’t answer that, because you’re a disingenuous hack.

 

[Mac1958]

Then why do all those other nations have tariffs on us?

You can’t answer that, because you’re a disingenuous hack.

You really don't know why other countries use tariffs?

This is why I no longer bother.

 

[Orangecat]

 

[TheGreatSatan]

You really don't know why other countries use tariffs?

This is why I no longer bother.

^^^ supports other countries having tariffs on America

Democrats = traitors

 

[Orangecat]

You really don't know why other countries use tariffs?

The same reason we are going to be using them: protect/promote domestic manufacturing and raise revenue.

 

[Mac1958]

The above information is but a sample of the article given here. This article is excellent, as far as giving non-biased data and information as to what Trump's tariffs are likely to do. I recommend you read the entire article.

One thing for sure, and is stated in this article and the section shown above, it that this is a "BLUNT instrument for curing those ills"

This is exactly what I have been saying all along. Trump is incompetent and makes mistakes that are very costly. Imposing tariffs on some products is not a bad idea. Imposing across the board tariffs on all nations and on all goods is a "Blunt instrument" that is idiotic and will cause more and unnecessary problems than any that it will fix.

Since day one, I have stated that TRUMP (as a person) will cause chaos and destruction of our nation, and the results of this tariff war will begin to confirm my evaluation of Trump

Look at the Trumpster posts on this thread.

The Dunning Kruger Effect applied to global macroeconomics.

 

[theHawk]

You really don't know why other countries use tariffs?

This is why I no longer bother.

See, you can’t explain why you’re fine with them having tariffs on us.

Total hack.

“This is why I no longer bother” LOL

 

[my2¢]

Stock market is off by less than 3% so far today. Nothing like Black Monday, October 19, 1987 when the Dow fell by 22%. (I had to look up the exact date and %). Our department manager had recently retired soon before and I heard that his retirement savings really took a bath.

At least this time we had advance warning. Now we see if tariffs work. Will companies invest in new plants, equipment (I'm not sure if needed foreign manufacturing equipment have been exempted from tariffs), and deal with hiring employees along with associated labor issues? Or will they take a wait-and-see approach gambling on the midterm election for the political climate to reverse?

We're in for an interesting time.

 

[d0gbreath]

President McKinley quickly backed off on his. President Hoover signed the Smoot-Hawley tariff act in 1930. The GOP failed to control either house of congress for the next 60 years.

This is truly going to MAGA!

 

[Luckyone]

It means moving manufacturing back to the USA.

I know destroying the middle class and manufacturing was something you lefties have been doing for the past thirty years, but that time is over.

Talk about destruction................................you will now experience it to the nth degree

 

[John Edgar Slow Horses]

It means bad economic news for 75% of voters.

 

[Luckyone]

If tariffs are bad, why do democrats support all those nations having tariffs on America?

Looks like the rich aren't getting richer for once.

 

[Luckyone]

It means moving manufacturing back to the USA.

I know destroying the middle class and manufacturing was something you lefties have been doing for the past thirty years, but that time is over.

 

[Luckyone]

President McKinley quickly backed off on his. President Hoover signed the Smoot-Hawley tariff act in 1930. The GOP failed to control either house of congress for the next 60 years.

This is truly going to MAGA!