Will trump relent?

[berg80]

It's great. You can only vote every 4 years and when you do it basically means nothing.

Understand?

Are you referring to trump unconstitutionally seeking a 3rd term?

 

[Mac1958]

Could be him, could be Navarro. Or both might be appeasing his idiocy to stay in his good graces.

Yeah, I forgot about the convict.

 

[berg80]

The question I'm asking is whether trump will relent to the economic reality of his idiocy?

 

[Votto]

Are you referring to trump unconstitutionally seeking a 3rd term?

Orange man bad? Is that what you are saying? If so, I agree.

If not, then no.

 

[berg80]

Yeah, I forgot about the convict.

Navarro permanently endeared himself to trump by illegally stonewalling Congress on his behalf.

 

[berg80]

Orange man bad? Is that what you are saying? If so, I agree.

View attachment 1095388

If not, then no.

BlackRock CEO Larry Fink sounded the alarm on the spread of protectionist policies around the world, saying they will hinder global trade and weaken the economy.

“Today, many countries have twin, inverted economies: one where wealth builds on wealth; another where hardship builds on hardship,” Fink said in his annual chairman’s letter to investors. “The divide has reshaped our politics, our policies, even our sense of what’s possible. Protectionism has returned with force.”

Fink’s widely-read letter came before President Donald Trump’s planned imposition Wednesday of reciprocal tariffs on “all countries.” The White House has already slapped punitive tariffs on aluminum, steel and autos, along with increased tariffs on all goods from China.

https://www.cnbc.com/2025/03/31/blackrock-ceo-larry-fink-says-protectionism-has-returned-with-force-.html

 

[LordBrownTrout]

One big problem. The cost of production here exceeds the cost in other countries with lower labor costs. The kinds of market distortions caused by ignoring that fact are ruinous for the global economy which is designed for efficiency.

To produce domestically, wages would be higher. Why are you against that and america? Why do you hate this country and its citizens? I'll tell why.........because it wasn't proposed by a liberal. You're a partisan liberal hack. If biden had proposed this same idea, you'd be squealing with joy.

 

[berg80]

To produce domestically, wages would be higher.

What your plan results in is US exports being crushed as we lose any pretense of a competitive edge against countries that can sell products in to the international market at a lower price.

 

[C_Clayton_Jones]

The country, indeed the world, is an economic hostage to an imbecile's love affair with the kind of destructive trade policy that once lead to a depression.

The country is being held economic hostage the consequence of the fear, ignorance, and stupidity of the voters who voted for Trump – this nightmare could have easily been avoided.

The people are solely responsible for the bad government they get – and Trump is in fact the worst.

 

[cnm]

We must manufacture or go broke.

What a hoot. Your services are extremely valuable. You're just not prepared to share the proceeds among the people.

 

[cnm]

What your plan results in is US exports being crushed as we lose any pretense of a competitive edge against countries that can sell products in to the international market at a lower price.

You mean after US exports have retaliatory tariffs imposed on them?

No one could have thought of that.

 

[Independent thinker]

Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks

With decision day looming this week for President Donald Trump’s latest round of tariffs, Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.

The investment bank now expects that tariff rates will jump 15 percentage points, its previous “risk-case” scenario that now appears more likely when Trump announces reciprocal tariffs on Wednesday. However, Goldman did note that product and country exclusions eventually will pull that increase down to 9 percentage points.

When the new trade moves are enacted, the Goldman economic team led by head of global investment research Jan Hatzius sees a broad, negative impact on the economy.

In a note published on Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
https://www.cnbc.com/2025/03/30/tar...-and-raise-recession-risks-goldman-says-.html

Which will prevail? trump's flat earth views on the efficacy of tariffs or their real world affects? The country, indeed the world, is an economic hostage to an imbecile's love affair with the kind of destructive trade policy that once lead to a depression. Our trading partners are reeling, so too is the stock market, in the face of trump's stubborn belief his ability to alter reality in the minds of his following translates to an ability to alter financial reality. He's wrong, yet no one in his inner circle has the courage to tell him.

So now you believe what bankers and billionaires say?

 

[Scoutster]

Repost

Nope! This has been in the pipe for years and he's put a lot of thought into it.

 

[ThisIsMe]

If tariffs are so bad, why do other countries use them?

 

[berg80]

So now you believe what bankers and billionaires say?

Those include many of the countries in the Group of 20, as well as other “economies that have the largest trade deficits in goods with the United States,” according to the notice.

They are: Argentina, Australia, Brazil, Canada, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom and Vietnam.

The White House did not respond to CNBC’s request for clarification on the forthcoming tariffs or the Dirty 15.

Trump muddied the waters further Sunday, when he rejected the idea that just 10 or 15 countries would face reciprocal duties on Wednesday.

“You’d start with all countries,” Trump told reporters on Air Force One, adding that there is “not a cut off.”

Trump has pointed to America’s trade deficits as he argues that virtually all trading partners are “taking advantage” of the U.S.

Many economists say that the U.S. importing more than it exports from many countries is not inherently a bad thing, but rather reflects strong domestic demand for goods that may be sourced more cheaply elsewhere.

https://www.cnbc.com/2025/03/31/trump-tariffs-dirty-15-reciprocal-retaliation.html

 

[80zephyr]

If tariffs are so bad, why do other countries use them?

Hell, Biden used tariffs. Why didn't they complain when he did it?

Biden will keep Trump's China tariffs, and add new ones on electric vehicles​

https://www.npr.org/2024/05/10/1250670539/biden-china-tariffs-electric-vehicles

 

[Independent thinker]

Those include many of the countries in the Group of 20, as well as other “economies that have the largest trade deficits in goods with the United States,” according to the notice.

They are: Argentina, Australia, Brazil, Canada, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, Taiwan, Thailand, Turkey, the United Kingdom and Vietnam.

The White House did not respond to CNBC’s request for clarification on the forthcoming tariffs or the Dirty 15.

Trump muddied the waters further Sunday, when he rejected the idea that just 10 or 15 countries would face reciprocal duties on Wednesday.

“You’d start with all countries,” Trump told reporters on Air Force One, adding that there is “not a cut off.”

Trump has pointed to America’s trade deficits as he argues that virtually all trading partners are “taking advantage” of the U.S.

Many economists say that the U.S. importing more than it exports from many countries is not inherently a bad thing, but rather reflects strong domestic demand for goods that may be sourced more cheaply elsewhere.

https://www.cnbc.com/2025/03/31/trump-tariffs-dirty-15-reciprocal-retaliation.html

You could have just liked my post that now you agree with bankers all of a sudden.

 

[ThisIsMe]

Hell, Biden used tariffs. Why didn't they complain when he did it?

Biden will keep Trump's China tariffs, and add new ones on electric vehicles​

https://www.npr.org/2024/05/10/1250670539/biden-china-tariffs-electric-vehicles

Right? If tariffs are so bad for the people in thr country who are imposing the tariffs, then these other countries must be in bad shape.. i imagine their producers like it though. It encourages their citizens to buy products made in their country. What a concept.

If america hadn't gotten away from making it's own products, this wouldn't be an issue. As it is, we import damn near everything, so these issues affect us more.

I guess I don't understand why people are against reciprocal tariffs. All that's saying is "if you do it, we will too".

 

[berg80]

Yeah, I forgot about the convict.

Inside the White House, Commerce Secretary Howard Lutnick has been perhaps the biggest proponent of ”Liberation Day,” President Donald Trump’s promised unveiling of sweeping new tariffs on Wednesday. But as the day nears, the potential fallout from those tariffs may well liberate Lutnick from his role in the administration, according to half dozen people close to the White House.

While Americans and much of the world brace for a possible season of pain following the imposition of the new tranche of tariffs, Trump’s orbit is ready to play the blame game should things go poorly for the White House. And all the fingers will be pointing at Lutnick, two people close to the administration, granted anonymity to discuss the private dynamics, told POLITICO.

https://www.politico.com/news/2025/04/01/trump-tariffs-liberation-day-lutnick-politics-00262869

Sounds like Howie more than Pete.

 

[22lcidw]

Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks

With decision day looming this week for President Donald Trump’s latest round of tariffs, Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.

The investment bank now expects that tariff rates will jump 15 percentage points, its previous “risk-case” scenario that now appears more likely when Trump announces reciprocal tariffs on Wednesday. However, Goldman did note that product and country exclusions eventually will pull that increase down to 9 percentage points.

When the new trade moves are enacted, the Goldman economic team led by head of global investment research Jan Hatzius sees a broad, negative impact on the economy.

In a note published on Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
https://www.cnbc.com/2025/03/30/tar...-and-raise-recession-risks-goldman-says-.html

Which will prevail? trump's flat earth views on the efficacy of tariffs or their real world affects? The country, indeed the world, is an economic hostage to an imbecile's love affair with the kind of destructive trade policy that once lead to a depression. Our trading partners are reeling, so too is the stock market, in the face of trump's stubborn belief his ability to alter reality in the minds of his following translates to an ability to alter financial reality. He's wrong, yet no one in his inner circle has the courage to tell him.

In what world do you have a right to say anything on inflation? Progressives said nothing in the last administration. Tell us other ways to get manufacturing to come home again.