Tariff Man and his tariff plan cause market plunges

[Green_Mountain]

What you’ll never admit, due to your TDS, is there is a global re-alignment happening with trade. And the US will be economically stronger for it.

The more I read about the EU deal, the more it is apparent Trump got a fantastic deal if you’re a fan of prioritizing benefit to the US.

Long overdue for a country that is $37-38 trillion in debt.

[HDGristle]

Are Tariffman's tariffs from Tantrum Day in effect, Waco?

Are we expecting oodles of retaliation and a global trade war at the moment?

Are there lawsuits that may blunt his ability to follow through?

[HDGristle]

Originally Posted by HDGristle

https://thehill.com/homenews/5231388...china-tariffs/

Trump sued over China tariffs... by a conservative legal group.

Imagine that.

https://nclalegal.org/press_release/...tariff-orders/

A second suit by the NCLA. Que interesante. This is a group of principled conservatives that went after Biden on bump stocks and they feel Trump has exceeded his authority on tariffs

[The_Waco_Kid]

Originally Posted by HDGristle

Are Tariffman's tariffs from Tantrum Day in effect, Waco?

Are we expecting oodles of retaliation and a global trade war at the moment?

Are there lawsuits that may blunt his ability to follow through?

let's break this down to the basic question ...


as GB Jr once said ...


“Rarely is the question asked: Is our Markets Up?”



BAHHAHAA

[Green_Mountain]

CNN: "The early reviews are in on the new trade deal announced with the European Union — the Financial Times says 'the deal marks a victory for Trump.'"

https://x.com/RapidResponse47/status...06687957110828

[Green_Mountain]

CNN has been forced to admit it: Trump's tariffs worked. The experts were wrong. The EU deal is amazing.

We tried to warn them.

When you lose CNN...

"This is the biggest trade deal in President Trump's effort to effectively reshape the global trading order. He's been issuing many threats of tariffs, but they clearly have been WORKING in terms of bringing other countries [to] the negotiating table."

"That has been one of his central priorities since taking office in January."

https://x.com/EricLDaugh/status/1949909974064210108

[HDGristle]

Too early for that. Even it you secure a framework deal you still need to flesh it out. Get to the actual deal. See how it plays out.

Remember how great the USMCA was? Trump calls it the worst deal ever signed these days.

[txdot-guy]

The problem with all of these tariff and trade deals is the fact that American consumers are still going to be paying more for their goods than before the tariffs. This is a straight up tax on consumers. This might be helpful for the government revenues but it will be a burden on those citizens who are having trouble paying their bills in the first place. Especially retirees and those living primarily on their Social Security check.

[Green_Mountain]

Originally Posted by txdot-guy

The problem with all of these tariff and trade deals is the fact that American consumers are still going to be paying more for their goods than before the tariffs. This is a straight up tax on consumers. This might be helpful for the government revenues but it will be a burden on those citizens who are having trouble paying their bills in the first place. Especially retirees and those living primarily on their Social Security check.

I’ve been wondering and am thinking you can help.

1. Why have other countries tariffed US goods for decades?
2. How are these same tariffs impacting their current rate of inflation?

Plus the demand side of the equation for US goods has increased. Whether it’s making US made products more attractive domestically and/or increasing demand abroad as Trump’s strategy has reduced tariffs on US goods.

Also, there seems to be some agreement for foreign investment into the US and some guarantees to buy American. Ex. Energy to the EU.

[jayzee43]

Originally Posted by HDGristle

Remember how great the USMCA was? trump calls it the worst deal ever signed these days.

Perfect example of how stupid trump is, and how stupid his voters are.

trump also appointed Jerome Powell (for those, including trump himself, who have conveniently chosen to forget that fact).

[txdot-guy]

Originally Posted by txdot-guy

The problem with all of these tariff and trade deals is the fact that American consumers are still going to be paying more for their goods than before the tariffs. This is a straight up tax on consumers. This might be helpful for the government revenues but it will be a burden on those citizens who are having trouble paying their bills in the first place. Especially retirees and those living primarily on their Social Security check.

Originally Posted by Green_Mountain

I’ve been wondering and am thinking you can help.

1. Why have other countries tariffed US goods for decades?
2. How are these same tariffs impacting their current rate of inflation?

Plus the demand side of the equation for US goods has increased. Whether it’s making US made products more attractive domestically and/or increasing demand abroad as Trump’s strategy has reduced tariffs on US goods.

Also, there seems to be some agreement for foreign investment into the US and some guarantees to buy American. Ex. Energy to the EU.

I don’t really think that you want my help, I think you want to start an argument.

I don’t really want to argue about the definition of inflation, or whether tariffs will cause persistent inflation because I don’t think it does.

However you can’t deny that the prices on imported goods are going to increase. Because that’s what tariffs do. They artificially increase the costs of imported goods.

I’ll leave you with this quote from Scott Lincicome at the Cato Institute.
https://www.cato.org/commentary/grea...tion-confusion

“Put simply, the primary problem with tariffs isn’t that they’re “inflationary”; it’s that they reduce the efficiency of our economy by distorting prices and undermining our capacity to produce real income. We pay (and work) more for less and end up materially worse off—regardless of what the CPI says.

Obsessing over “inflation” distracts from this reality, and that’s probably why the protectionists keep doing it.”

[jayzee43]

https://www.thedailybeast.com/trump-...-kidney-stone/

Best headline ever lol

[oldman2525]

Originally Posted by txdot-guy

I don’t really think that you want my help, I think you want to start an argument.

I don’t really want to argue about the definition of inflation, or whether tariffs will cause persistent inflation because I don’t think it does.

However you can’t deny that the prices on imported goods are going to increase. Because that’s what tariffs do. They artificially increase the costs of imported goods.

I’ll leave you with this quote from Scott Lincicome at the Cato Institute.
https://www.cato.org/commentary/grea...tion-confusion

“Put simply, the primary problem with tariffs isn’t that they’re “inflationary”; it’s that they reduce the efficiency of our economy by distorting prices and undermining our capacity to produce real income. We pay (and work) more for less and end up materially worse off—regardless of what the CPI says.

Obsessing over “inflation” distracts from this reality, and that’s probably why the protectionists keep doing it.”

not entirely true at all.... there are some countries and foreign companies that are going to eat the additional costs of the tariffs

[HDGristle]

Which countries?

[txdot-guy]

Originally Posted by oldman2525

not entirely true at all.... there are some countries and foreign companies that are going to eat the additional costs of the tariffs

Although foreign companies do have the power to lower their prices by 15% to offset the cost of the US’s tariffs the belief that they will do so over the long term is simply ridiculous. No one should believe that.