What is driving this trade war?

[JohnDB]

 

[protectionist]

These were the top issues

View attachment 1099948
China isn’t even on the list. This China thing is a distraction. How is he going to raise wages for uneducated blue collar workers? By bringing jobs back home?

And how’s he going to lower prices? Drill baby drill?

And where is his alternative to Obamacare? It doesn’t exist.

Your wages are higher when yuo HAVE a jib as opposed t being unemployed.

Of course prices will lower by more drilling. Wow. Amazing how people on the left don
t know this, but that's what you get if you restrict yourself to leftist OMISSION media.
Here's the scenario in a nutshell

• Drilling is increased substantially
• Oil/Gas/Diesel supply is increased
• Oil/Gas/Diesel prices are decreased
• Manufacturers no longer have to increase prices to cover for increased Oil/Gas/Diesel transport prices
• Manufacturers (of 1000s of commodities) lower prices back down again

An alternative to Obamacare - join the military. Not a bad idea for everyone to give a couple of years of service of some kind. Then get free medical care for your whole life.

 

[protectionist]

HEY TRUMP: YOU CAN'T CHANGE TARIFFS LIKE YOU CHANGE YOUR FUCKING SOCKS.

There is NO WAY he understands tariffs. They have to be set. They have to be predictable. They have to make sense. Businesses and countries and partnerships have to fucking PLAN. They have to FORECAST. They have CONTRACTS to honor. They have to BUDGET. They have BUSINESS IN PROCESS.

NOBODY is this fucking dense.

The new tariffs make sense The old ones didn't. Ho hum.

 

[sealybobo]

Your wages are higher when yuo HAVE a jib as opposed t being unemployed.

Of course prices will lower by more drilling. Wow. Amazing how people on the left don
t know this, but that's what you get if you restrict yourself to leftist OMISSION media.
Here's the scenario in a nutshell

• Drilling is increased substantially
• Oil/Gas/Diesel supply is increased
• Oil/Gas/Diesel prices are decreased
• Manufacturers no longer have to increase prices to cover for increased Oil/Gas/Diesel transport prices
• Manufacturers (of 1000s of commodities) lower prices back down again

An alternative to Obamacare - join the military. Not a bad idea for everyone to give a couple of years of service of some kind. Then get free medical care for your whole life.

It's just funny that Trump is taking the long way around to fixing wages for uneducated blue collar workers or to lowering prices. How long is it going to take?

And I'm sorry but the answer to how to lower grocery costs is not "drill baby drill" yet that was his answer for everything. Even when it wasn't approproate.

But I see it was good enough for you. The bullshit that came out of his mouth was good enough for you huh?

 

[krichton]

Interest rates have been up since the Biden disaster, and we are in a volatile market, we have been for some time now, and especially since the brain dead puppet President was in...

You want to blame the Democrats mismanagement of this country on to Trump because you hate him...But, you know what? You're Canadian, so it doesn't matter, You don't matter....

interest rates were required to to be high in order to battle inflation caused by the recovery of the pandemic. This is basic economics. Virtually every country suffered through this. To blame Biden would be to claim he was responsible for the pandemic itself. Interest rates will remain where they are until we hit 2% inflation.

We are in a volatile market? The market has only been this volatile since Trump became president. Over 11 trillion has been lost since he took office, with 6 trillion of it being lost in just 2 days. When thousands of points are lost in the market within such a short time frame, that's what you call volatile. When the market keeps rising for 4 years and reaches it's highest point in history, you don't call that volatile, you call that a bullish market. Learn economics.

 

[krichton]

The new tariffs make sense The old ones didn't. Ho hum.

Is that before or after he changes them on a whim, or puts them on pause or forgets them altogether, until he unforgets them again?

 

[sartre play]

Slow down, were moving to fast,
Keep doing with out thinking, May just kick the working populations ass.

 

[j-mac]

interest rates were required to to be high in order to battle inflation caused by the recovery of the pandemic. This is basic economics. Virtually every country suffered through this. To blame Biden would be to claim he was responsible for the pandemic itself. Interest rates will remain where they are until we hit 2% inflation.

We are in a volatile market? The market has only been this volatile since Trump became president. Over 11 trillion has been lost since he took office, with 6 trillion of it being lost in just 2 days. When thousands of points are lost in the market within such a short time frame, that's what you call volatile. When the market keeps rising for 4 years and reaches it's highest point in history, you don't call that volatile, you call that a bullish market. Learn economics.

You can fall for the panic porn all you want. Nobody ever called a President a success or failure this fast.

It's almost as if you leftists wanted to flood the news with panic on purpose just so you could say Trump is a failure....Wait and watch.

So, clutch your pearls, and we will proceed to fix our country.

 

[leftwinger]

Y'all are wasting energy on these marxist Obiden posters (example: centerist middling Utah Mac&Cheese). They are OK with riots,flash mobs, sucker punches, Tesla Meyers, stabbers, trannies, taking your kids for ???? Do you really think you can make a dent in their evil limited capacity domes? Quit them, quit trying. Just hope if/when it goes off you can pay them back for destroying America.

 

[krichton]

You can fall for the panic porn all you want. Nobody ever called a President a success or failure this fast.

It's almost as if you leftists wanted to flood the news with panic on purpose just so you could say Trump is a failure....Wait and watch.

So, clutch your pearls, and we will proceed to fix our country.

A president that starts a global tariff war just to satisfy his ego, even when he doesn't even know what a tariff is, is a complete and utter failure on the highest level. Is it any wonder why he bankrupted 6 different businesses? This country was one short step away from being plunged into an economic catastrophe. Even as it stands now, countries are rapidly dumping their US treasury bonds, which could still end up destablizing the economy and cause a disaster. We could still end up seeing a recession the way things are being run.

If the stock market were to dip of hundred points under Biden, all yall maga snowflakes would be screeching for days on end. When Trump brings this country to the brink of economic collapse with a braindead tariff war, where the stock market sets a new record of a 2200 point lost in 2 days, which has never happened before, everyone is "clutching their pearls," or "its just money." You ppl are ridiculous.

 

[Clipper]

I can tell you exactly where I was standing on September 18, 2008, when I saw that money market shares had dropped under a dollar and I thought it all literally might be crashing down. Everything. We ended up escaping that catastrophe by just a few hours, literally.

I had that same fucking feeling last week. But this wasn't the years-long, intricate and complicated story of the Meltdown (the long-term effects of which we're feeling right now). This was the toxic ignorance and brittle ego of one (1) profoundly unwell man-child.

Trump along with his W.H. & congressional stooges who are sitting by letting this happen will be remembered as the biggest pariah's & craven lowlifes this country has ever witnessed. Far worse than Nixon.

This isn't about the MAGA followers any longer. No, this is about Trump, people like Bondi & his lackeys in power who are deliberately letting this happen. And let's not forget the $780 million liars & cowards on Fox News.

When Trump says & his W.H. stooges snicker about deporting American citizens they're not playing games. GARCIA IS A TEST CASE.

 

[protectionist]

It's just funny that Trump is taking the long way around to fixing wages for uneducated blue collar workers or to lowering prices. How long is it going to take?

And I'm sorry but the answer to how to lower grocery costs is not "drill baby drill" yet that was his answer for everything. Even when it wasn't approproate.

But I see it was good enough for you. The bullshit that came out of his mouth was good enough for you huh?

So you deny what I posted in Post # 302 ?
Deny all you want, when you cut drilling, supply goes down, gas prices go up, and that jacks up the price of almost everything.

You think manufacturers are going to take the hit of their increased TRANSPORT co$ts alone ?

 

[protectionist]

Is that before or after he changes them on a whim, or puts them on pause or forgets them altogether, until he unforgets them again?

It's while the world, realizing their cheating days are over, negotiates new trade deals, thereby restoring US trade to balance (from unbalance). Duh!

 

[protectionist]

A president that starts a global tariff war just to satisfy his ego, even when he doesn't even know what a tariff is, is a complete and utter failure on the highest level. Is it any wonder why he bankrupted 6 different businesses? This country was one short step away from being plunged into an economic catastrophe. Even as it stands now, countries are rapidly dumping their US treasury bonds, which could still end up destablizing the economy and cause a disaster. We could still end up seeing a recession the way things are being run.

If the stock market were to dip of hundred points under Biden, all yall maga snowflakes would be screeching for days on end. When Trump brings this country to the brink of economic collapse with a braindead tariff war, where the stock market sets a new record of a 2200 point lost in 2 days, which has never happened before, everyone is "clutching their pearls," or "its just money." You ppl are ridiculous.

The stock market is a case study in pathological panic mentality. Stock go up, down, up, down. You have nothing to fear but your own fear itself.

Trump is restoring a normal healthy trade balance, and 75 countries are cooperating.

It's not Trump's fault that 5 former president idiots didn't have sense enough to know that the USA is the largest (by far) & most lucrative MARKET in the world. And that these countries (especially China) need us. We don't need them.

Trump is simply not giving them unrestricted access to our huge market, as other moron presidents did (while they restrict our exports to them).

 

[Skylar]

What is the one (1) consistent common denominator in virtually ALL of Trump's relationships? The ONE thing he will ALWAYS complain about?

It's about how he is "treated". If he feels he has not been "treated" well enough, he gets angry and acts out. This is something that is happening in his head alone. He is the one who decides on the spot if he's being "treated" well enough. If not, here we go.

So in this case, he has obviously felt for decades that he has somehow been taken advantage of by other countries. That they're getting the better of him somehow. So now he's responding in the only way he knows: He's attacking without looking at a bigger picture. He attacks, sees that the results are bad, and then changes course.

I know that Trump's fans think that they'll see a clear, tangible and material difference in their lives once Trump has exacted his revenge on all those countries. The sad thing here is, on balance, they will not. There are larger issues that influence the vector of an economy.

The entire presumption of this trade war is fucking stupid.

Trump's logic is that if he raises tariffs, he'll bring back manufacturing to the US because it will be cheaper to build in US factories than it will be to import overseas. And it is his goal to eliminate the income tax and make up the difference with these tariffs.

That's spectacularly stupid for several reasons.

First, lets say that Trump is successful. We import less. We make more domestically. Success means that we collect less tariffs, thus creating larger gaps in the US budget the more successful we are in limiting imports. If everything went exactly as Trump wanted with deficits, it would result in massive and ever increasing budget deficits.

That's fucking stupid.

Second, we don't have the factories that Trump assumes American manufacturing would return to. We'd have to build them. To the tune of TRILLIONS of dollars by Trump's team's own estimation. And taking years and years. So the short term effect would be an enormous tax increase on the American consumer and huge spike in the cost of goods while the tariffs are in place for foreign goods.....but the factories to make up the difference domestically don't exist.

That's fucking stupid.

Third, these are emergency orders. Trump can change his mind at any time on them. He can change their amount. He can 'suspend them', expand them, flip them on and off like a toddler with a light switch. And has. He's insisted he will never back down. That they policies will never change. Then he insists he's open to negotiation. Then he backs down.

The next president can undo his entire tariff regime in about 15 minutes of autopen use. These aren't laws. These are the whim of one man. An impulsive, emotional, easy to anger man.

Why would companies invest TRILLIONS in factories and their accompanying infrastructure that Trump could render obsolete rage tweeting on the toilet on any given evening? These aren't laws passed by congress that have some stability. These are emergency orders that can be undone as quickly as they are made.

That's fucking stupid.

Fourth, we're obliterating our own foreign exports. Nations everywhere are pulling back on their importation of US goods, damaging and often destroying our export markets with their own tariffs, boycotts by citizens, and economic realignment at the chaos Trump is sowing. Which costs us jobs, isolates our nation, limits our ability to sell to our allies, and weakens our alliances.

That's fucking stupid.

 

[krichton]

And more debt til our currency is toilet paper.

Your Career politicians brought us here.

They are LOSERS. Time to STFU and attempt MAGA

Yes, and Trump is part of that core of politicans who increased the deficit, by putting 8.4trillion on it, the majority of which came from his tax cuts for the rich. You are correct, they are losers.

Debt on it's own has no effect on currency. In fact, the dollar was never higher over multiple consecutive years as it was under Biden. When he left office the dollar index was 109 and it was so for the last 3 years in some degree. The meant the dollar was strong every single year. Unsurprising, since the world sees the value and security of the dollar against every other currency. It has since dropped from 109 to below the baseline of 100 due to Trump's stupidity and screwing around with out economy.

 

[Mac1958]

The entire presumption of this trade war is fucking stupid.

Trump's logic is that if he raises tariffs, he'll bring back manufacturing to the US because it will be cheaper to build in US factories than it will be to import overseas. And it is his goal to eliminate the income tax and make up the difference with these tariffs.

That's spectacularly stupid for several reasons.

First, lets say that Trump is successful. We import less. We make more domestically. Success means that we collect less tariffs, thus creating larger gaps in the US budget the more successful we are in limiting imports. If everything went exactly as Trump wanted with deficits, it would result in massive and ever increasing budget deficits.

That's fucking stupid.

Second, we don't have the factories that Trump assumes American manufacturing would return to. We'd have to build them. To the tune of TRILLIONS of dollars by Trump's team's own estimation. And taking years and years. So the short term effect would be an enormous tax increase on the American consumer and huge spike in the cost of goods while the tariffs are in place for foreign goods.....but the factories to make up the difference domestically don't exist.

That's fucking stupid.

Third, these are emergency orders. Trump can change his mind at any time on them. He can change their amount. He can 'suspend them', expand them, flip them on and off like a toddler with a light switch. And has. He's insisted he will never back down. That they policies will never change. Then he insists he's open to negotiation. Then he backs down.

The next president can undo his entire tariff regime in about 15 minutes of autopen use. These aren't laws. These are the whim of one man. An impulsive, emotional, easy to anger man.

Why would companies invest TRILLIONS in factories and their accompanying infrastructure that Trump could render obsolete rage tweeting on the toilet on any given evening? These aren't laws passed by congress that have some stability. These are emergency orders that can be undone as quickly as they are made.

That's fucking stupid.

Fourth, we're obliterating our own foreign exports. Nations everywhere are pulling back on their importation of US goods, damaging and often destroying our export markets with their own tariffs, boycotts by citizens, and economic realignment at the chaos Trump is sowing. Which costs us jobs, isolates our nation, limits our ability to sell to our allies, and weakens our alliances.

That's fucking stupid.

This is what it looks like when there's no one who will say "no", no one to provide some badly-needed sober critical thinking.

Ultimately, authoritarian regimes always fail, because everyone is afraid to say that one simple little word.

 

[Skylar]

This is what it looks like when there's no one who will say "no", no one to provide some badly-needed sober critical thinking.

Ultimately, authoritarian regimes always fail, because everyone is afraid to say that one simple little word.

Yup. Authoritarian regimes have two critical weaknesses. First, when you centralize this kind of power with one man, giving Trump the power to tank the world economy all by his lonesome with no accountability or limitation.......then you subject the world to his literal whim. That kind of instability is self evident with the US economy going from the envy of the western world to a coin flip on a huge recession with our trading partners pulling back from us......in a matter of months.

The second.....is that Authoritarians value loyalty over competence. Look at DEI Pete. A man who peaked as platoon commander in the national guard inexplicably raised to the Secretary of Defense, a job he's utterly unqualified for. And it was a matter of WEEKS before he was burning our credibility to the ground with Signal leaks and gmail scandals, to say nothing of his incomptence in crisis management dealing with the fallout from his own blunders.

Impulsive instability and naked incompetence have the same result, every time.

 

[Mac1958]

Yup. Authoritarian regimes have two critical weaknesses. First, when you centralize this kind of power with one man, giving Trump the power to tank the world economy all by his lonesome with no accountability or limitation.......then you subject the world to his literal whim. That kind of instability is self evident with the US economy going from the envy of the western world to a coin flip on a huge recession with our trading partners pulling back from us......in a matter of months.

The second.....is that Authoritarians value loyalty over competence. Look at DEI Pete. A man who peaked as platoon commander in the national guard inexplicably raised to the Secretary of Defense, a job he's utterly unqualified for. And it was a matter of WEEKS before he was burning our credibility to the ground with Signal leaks and gmail scandals, to say nothing of his incomptence in crisis management dealing with the fallout from his own blunders.

Impulsive instability and naked incompetence have the same result, every time.

I wonder if it's possible for Trump to be both a Russian agent and a Chinese agent at the same time.

They're thanking their lucky stars for him right now.

 

[j-mac]

A president that starts a global tariff war just to satisfy his ego, even when he doesn't even know what a tariff is, is a complete and utter failure on the highest level. Is it any wonder why he bankrupted 6 different businesses? This country was one short step away from being plunged into an economic catastrophe. Even as it stands now, countries are rapidly dumping their US treasury bonds, which could still end up destablizing the economy and cause a disaster. We could still end up seeing a recession the way things are being run.

1. Tariffs have traditionally been a leftist agenda thing.

2. In business there are strategic reasons bankruptcy is used. I’d think with your superior knowledge of markets and business, you’d know that.

3. “Catastrophe”, “plunged”, “dumping”… no panic there, no sir.

Look, before the stock market dip from 41k to 38k the market would drop 300, gain 300. In one week we went from 38k right back to 40.5k closing yesterday with +/- 300 points in normal trading. And you people are still screaming the sky is falling. So, settle down Eugene…

If the stock market were to dip of hundred points under Biden, all yall maga snowflakes would be screeching for days on end. When Trump brings this country to the brink of economic collapse with a braindead tariff war, where the stock market sets a new record of a 2200 point lost in 2 days, which has never happened before, everyone is "clutching their pearls," or "its just money." You ppl are ridiculous.

If you don’t have the stomach to play in the market, then get out of it.

“Brink of economic collapse “ Jesus, do hear yourself, or just parrot the latest talking points of MSNBC?

Trump is seeing how other countries are ripping us off through trade barriers, and how the great exodus of manufacturing from our country has left us vulnerable to other countries, and how that is unacceptable. He wants a fair playing field, and clearly you don’t…

That’s just sad.