Trump signs tariffs

[newtothegame]

Originally Posted by Clocker

The articles I post here show that Trump's trade policies are a YUGE benefit to major corporations like the American steel industry at the expense of American consumers.

You may take the "short term pain", assuming without evidence and reasoning that it is short term, but what about the average American working stiff looking at a 10-15% increase in his cost of living? And that number comes from the Trump folk, so it might be a tad low.

The facts are that Trump is an economic illiterate, and his ideas are total nonsense, in the opinion of respected economists on both sides of the aisle. That is what my posts show, and what no Trumpette has even attempted to refute. This is not a partisan issue. Trump is dead wrong about the impact of tariffs on Americans. And the only response to facts and history and empirical evidence showing Trump is totally ignorant on the subject is MAGA and similar mindless slogans.

So here's a thought clocker.....
Would you agree that most everyone thinks Trump comes out of left field most of the time and is unpredictable??
I'll assume your answer is yes.....
With that being said, do you think its even in the realm of possibility to just get China, the EU, etc etc to the table on trade deals?
If nothing else, Trump is playing the hand he feels he was dealt. He may lose out, but...and here's the kicker...But he may obtain a little better deal in the long run.
You all have said how tarrifs hurt us...we get it!!
But who do you think is being hurt more at this point? Im looking at news out of China and teir stock market and since this "trade war" has started, they are getting their asses kicked!!!! Someone will have to blink first...…

Now you may say Trump has blinked by allowing some measure of leeway....
Lets see it play out.

[incoming]

I view the economy as an entity that is always changing. A new source of energy could be discovered tomorrow and turn everything on its head. There has been three changes in recent history that has changed the whole dynamic of our economy. Huge tax cuts for businesses and consumers. Many old regulations have been abolished and there are many more to come. We are on the verge of becoming a big energy exporter instead of a consumer. Any one of these will be a big game changer and would render your analyze obsolete.

The President has chosen this time to renegotiate all old trade agreements while we have all of the leverage. I trust him to put America behind God and family and set an example for the world to follow. I am going to forecast a balanced budget will be attainable in our near future. I will close with....MAGA...MEGA....MEGA.....again...again and again.

P.S. You can stick your political correctness where the sun never shines.

[Clocker]

Trump's first tariffs directly on consumer goods have resulted in a 16.4% increase in washing machine prices in 3 months.

https://fee.org/articles/washing-mac...achine-prices/

[fast4522]

You should start beating the drum about solar panels, does California have a law kicking in mandating them. Get it out of you system so we can dismiss you.

[tucker6]

Originally Posted by Clocker

Trump's first tariffs directly on consumer goods have resulted in a 16.4% increase in washing machine prices in 3 months.

https://fee.org/articles/washing-mac...achine-prices/

What does that have to do with the price of coffee? Literally?

What is the price increase for those who do not need a washer/dryer/

[Clocker]

Originally Posted by tucker6

What does that have to do with the price of coffee? Literally?

What is the price increase for those who do not need a washer/dryer/

Or the price increase for anyone needing a solar panel? Or anything made out of lumber? Or anything made out of steel or aluminum? Prices for all of those things, even from American companies, have gone up since the tariffs were imposed.

Why are the Trump fans in denial about the impact of tariffs on consumers? It has happened every time any tariff was imposed on any import. Why do some people think this time will be different?

Any idea of the imported products that are next in line for Trump Tariffs?

[PaceAdvantage]

From HuffPo no less...I found this article interesting...and since everyone is clamoring for me to post links and articles, here is one (granted it's a few months old...sorry):

https://www.huffingtonpost.com/entry...b089ec353a4c95

It’s messy, unpredictable and unlikely to generate much international goodwill. But the truth is, Trump’s clumsy volley can’t start a trade war. Despite its blunt imprecision, a tariff on steel and aluminum just doesn’t affect very much commerce. More importantly, the world is already living through a trade war. It’s been raging since the 1990s.

[Clocker]

Originally Posted by PaceAdvantage

From HuffPo no less...I found this article interesting...and since everyone is clamoring for me to post links and articles, here is one (granted it's a few months old...sorry):

"Trump’s clumsy volley can’t start a trade war."

Three things, aside from the weird idea of using HuffPo as a source of information about any thing: One, that was written long before Trump imposed the tariffs.

Two: Whether or not it starts a trade war is not relevant to American consumers. What no one here seems to understand that a tariff on any import from any country is a tax on American consumers. Who cares if the other country is so stupid as to respond by putting a commensurate tax on its own citizens?

Three: The tariffs started (escalated) a trade war.

From Forbes, after the tariffs were imposed:

The effects on our economy will generally be bad. U.S. Steel climbed 3%, but the Dow fell about 200 points on the fears of a sustained trade war. Which is why Republicans on Capitol Hill are fuming. Senator Ben Sasse (R-NE) said 'This is dumb’. Congressman Kevin Brady (R-TX) added, ‘These tariffs are hitting the wrong target.’ Senator Mike Lee (R-UT) and Senator Pat Toomey (R-PA) are sponsoring a Bill ‘to reign in the executive branch’s power to impose unilateral tax increases like these.’

Moreover, aluminum and steel are the two most important metals in modern society. And we import more steel and aluminum from Canada, our closest ally in history, than from anyone else. The next three biggest suppliers are also allies – Brazil, South Korea and Mexico. China, the original target of Trump’s ire, only supplies 3% of our steel.

Mexico said it will retaliate with similar penalties on American lamps, pork, fruit, cheese and flat steel. Canada announced that tariffs on $12.8 billion in U.S. exports will start in July. Europe set retaliatory tariffs - 25% on American products such as motorcycles, denim, cigarettes, peanut butter, whiskey, orange and cranberry juice.

This seemingly random list of products is not so random. They are targeted to hit Trump’s base in states like Wisconsin and Kentucky, the home states of the Republican leadership including House Speaker Paul Ryan and Senate Majority Leader Mitch McConnel.

https://www.forbes.com/sites/jamesco.../#16379aa54b88

[thaskalos]

Originally Posted by Clocker

Three things, aside from the weird idea of using HuffPo as a source of information about any thing: One, that was written long before Trump imposed the tariffs.

Two: Whether or not it starts a trade war is not relevant to American consumers. What no one here seems to understand that a tariff on any import from any country is a tax on American consumers. Who cares if the other country is so stupid as to respond by putting a commensurate tax on its own citizens?

Three: The tariffs started (escalated) a trade war.

From Forbes, after the tariffs were imposed:
https://www.forbes.com/sites/jamesco.../#16379aa54b88

I think it's YOU who doesn't understand. We KNOW that these tariffs will end up hurting the American consumer...but the whole point is that they will hurt the consumers of the OTHER countries even more than they will hurts us. Aren't you willing to go through some pain...while resting in the knowledge that the "other side" hurts even more than YOU do?

Must I explain EVERYTHING to you?

[fast4522]

Here is the thing, timing is everything. Slowing down some areas and calling it tariffs is opportunistic on several fronts. As another poster accurately mentioned getting others to the table to negotiate can only yield to the plus for us. Our infrastructure needs serious upgrades, a shortage of long haul truckers is also problematic. Doing infrastructure first would have had the greatest positive for trade but politically would have given too much to the left without any leverage for the administration for the next battle politically for policy objectives.

[fast4522]

Originally Posted by thaskalos

I think it's YOU who doesn't understand. We KNOW that these tariffs will end up hurting the American consumer...but the whole point is that they will hurt the consumers of the OTHER countries even more than they will hurts us. Aren't you willing to go through some pain...while resting in the knowledge that the "other side" hurts even more than YOU do?

Must I explain EVERYTHING to you?

Interesting post thaskalos, for instance soy bean exports to China are a retaliatory move by China on us, until farmers plant in place things we currently have shortages for like the simple carrot. Down in Louisiana we have port problems forcing shipping barges to come into port at less than 50% because of a mud problem that has to be drudged just to keep these lanes open. So growing pains associated with trade need to be resolved and tariffs are just some things being done, if orchestrated in a fashion to accommodate more than tariffs it become a double win.

[Clocker]

Originally Posted by thaskalos

...but the whole point is that they will hurt the consumers of the OTHER countries even more than they will hurts us.

How, pray tell?

[thaskalos]

Originally Posted by newtothegame

So here's a thought clocker.....
Would you agree that most everyone thinks Trump comes out of left field most of the time and is unpredictable??
I'll assume your answer is yes.....
With that being said, do you think its even in the realm of possibility to just get China, the EU, etc etc to the table on trade deals?
If nothing else, Trump is playing the hand he feels he was dealt. He may lose out, but...and here's the kicker...But he may obtain a little better deal in the long run.
You all have said how tarrifs hurt us...we get it!!
But who do you think is being hurt more at this point? Im looking at news out of China and teir stock market and since this "trade war" has started, they are getting their asses kicked!!!! Someone will have to blink first...…

Now you may say Trump has blinked by allowing some measure of leeway....
Lets see it play out.

Here!

[elysiantraveller]

Originally Posted by thaskalos

I think it's YOU who doesn't understand. We KNOW that these tariffs will end up hurting the American consumer...but the whole point is that they will hurt the consumers of the OTHER countries even more than they will hurts us. Aren't you willing to go through some pain...while resting in the knowledge that the "other side" hurts even more than YOU do?

Must I explain EVERYTHING to you?

Veiled sarcasm?

[thaskalos]

Originally Posted by elysiantraveller

Veiled sarcasm?

If it isn't veiled...how could it be considered "sarcasm"?