ADVERTISEMENT

Are Trump's beautiful tariffs

That explains tariffs in general, not tariffs on everything everywhere. Are we really going to gain trade on uninhabited islands? The UK with whom we have a surplus? Sounds like THEY have the complaint, not us, in our relationship.
Cortez asked what we hoped to gain from this. I'm just trying to put their argument forward. No doubt, as usual, a Trump admin's execution is . . . lacking.

Trump is also using them to negotiate over anything and everything that he wants. If he can use them for leverage to get another nation to pay more into NATO, give us Greenland, etc., he will.
 
I agree with you and also a gun guy. The difference maybe that I don’t think either party has a monopoly on stupidity and at least Trump is actually trying to impact problems rather than just talking about them. He is an idiot about technical things but then as a rule politicians are idiots about technical things. My preference is he just keeps his mouth shut and does what he needs to do but then criticism of that would follow just as night follows day.
Agreed. He would be way more effective if he just STFU. He's an attention whore.

We get the politicians we do because it's a reflection of our society.

Smart, effective people don't do politics.

Smartest, most wise man I ever knew was my grandpa. My stepdads father. Only grandpa I ever had because the men in my bloodline haven't made it past 57.

He was from the Ozarks in SW Missouri. My wife's grandpa was too. Those dudes may be small in stature but tough as nails. My grandpa fought in Korea and Vietnam. 2 CIBs. My wife's grandpa shot down kamikazes on a battleship in the Pacific. All 5'2" of him.

I guess my point is we have asshole politicians because we are a country full of assholes.
 
  • Haha
Reactions: CriticArisen
He was from the Ozarks in SW Missouri. My wife's grandpa was too. Those dudes may be small in stature but tough as nails. My grandpa fought in Korea and Vietnam. 2 CIBs. My wife's grandpa shot down kamikazes on a battleship in the Pacific. All 5'2" of him.
Someone recommended the author Daniel Woodrell to me on here. He's from that area and sets a lot of his novels there. You might like them.
 
Agreed. He would be way more effective if he just STFU. He's an attention whore.

We get the politicians we do because it's a reflection of our society.

Smart, effective people don't do politics.

Smartest, most wise man I ever knew was my grandpa. My stepdads father. Only grandpa I ever had because the men in my bloodline haven't made it past 57.

He was from the Ozarks in SW Missouri. My wife's grandpa was too. Those dudes may be small in stature but tough as nails. My grandpa fought in Korea and Vietnam. 2 CIBs. My wife's grandpa shot down kamikazes on a battleship in the Pacific. All 5'2" of him.

I guess my point is we have asshole politicians because we are a country full of assholes.
Best man I ever knew was an uncle. He farmed during the day and worked in Battle Creek at night. He slept very little but always had time for me. He would always take me with him on the tractor etc. Just a darn fine man. He worked himself into an early grave.
 
Cortez asked what we hoped to gain from this. I'm just trying to put their argument forward. No doubt, as usual, a Trump admin's execution is . . . lacking.

Trump is also using them to negotiate over anything and everything that he wants. If he can use them for leverage to get another nation to pay more into NATO, give us Greenland, etc., he will.
Re the cost and a potential change to our economic system:

Achieving a change will require more than just innovative policy making. It will require more than just savvy strategic politics. It will require a broader shift in values.

The other day, I went back and reread one of my favorite passages from one of Bobby Kennedy’s speeches back in the ’60s. That’s Bobby Kennedy, the father, not the son. In it, he describes the standard measure of economic performance that countries, and international agencies and economists use, gross domestic product GDP. And he describes how it reflects what he calls the poverty of satisfaction that afflicts us all.

And he goes on to talk about how GDP, as we use it, measures the locks on our doors and the locks that we put on our prisons. It counts the destruction of our forests and cigarette advertising. It counts nuclear warhead construction and armored cars for the police to contain unrest in our cities. What it doesn’t measure is the health of our children, or the quality of their education, or the joy of their play. It doesn’t account for our wit or wisdom, our compassion or our devotion to country. “It measures everything,” he says, “except that which makes life worthwhile.”

When talking about the economy, many of us, we obsess over the material measures of progress, income, and taxes, and wages, and trade balances and the latest inflation numbers. And that is important, especially important for poor people. For working families with little margin for error, having a job that pays enough to cover the bills, putting food on the table, managing through a crisis, that’s still out of reach.

Material things matter, but goods, money is not the only thing that drives us. A job provides an income, a paycheck, but it can also provide a sense of pride and belonging. People may want new furniture or the latest Air Jordans, but they also want more time with their families. They want a neighborhood where they can take a walk without being afraid, or passing by somebody who they know has nothing and is cold. They want to sense a purpose to their days.
The choices we make about our economy affect all those things that make life worthwhile, and we shouldn’t be afraid to talk about that.

One silver lining of the pandemic was that it forced millions of people, especially young people, to step back and take stock of what’s really important. Your generation is starting to ask tough questions about how you want to live, and work and spend your time. And it may be that by answering those questions, you can help all of us realign our economic policies with our deepest values.

Almost 200 years ago, Alex de Tocqueville described American society, American social and economic equality as, quote, “The fundamental fact from which all others seem to be derived.” He wrote that, “Americans put a kind of heroism in their way of doing commerce.”

But at a time when our bonds of trust are growing weaker, at a time when we are drowning in stuff, and yet, people seem deeply anxious and unfulfilled, we need a new generation of heroes to strengthen our bonds of trust, to create an economic system that supports and sustains those things that matter, including our democratic values for years to come.
 
I am a reader, and always looking for a good read, but know nothing of this author. Can someone give me a brief thumbnail of why you like him.
He’s from Springfield and is authentic. Yet he’s an Iowa workshop guy so obviously polished. Winters bone was turned into a movie if you’ve seen that. Cortez and I read his shit ages ago and were big fans. I haven’t read him or anything in a long time. I used to read like a maniac. For years. Then I met Andy cohen….
 
Re the cost and a potential change to our economic system:

Achieving a change will require more than just innovative policy making. It will require more than just savvy strategic politics. It will require a broader shift in values.

The other day, I went back and reread one of my favorite passages from one of Bobby Kennedy’s speeches back in the ’60s. That’s Bobby Kennedy, the father, not the son. In it, he describes the standard measure of economic performance that countries, and international agencies and economists use, gross domestic product GDP. And he describes how it reflects what he calls the poverty of satisfaction that afflicts us all.

And he goes on to talk about how GDP, as we use it, measures the locks on our doors and the locks that we put on our prisons. It counts the destruction of our forests and cigarette advertising. It counts nuclear warhead construction and armored cars for the police to contain unrest in our cities. What it doesn’t measure is the health of our children, or the quality of their education, or the joy of their play. It doesn’t account for our wit or wisdom, our compassion or our devotion to country. “It measures everything,” he says, “except that which makes life worthwhile.”

When talking about the economy, many of us, we obsess over the material measures of progress, income, and taxes, and wages, and trade balances and the latest inflation numbers. And that is important, especially important for poor people. For working families with little margin for error, having a job that pays enough to cover the bills, putting food on the table, managing through a crisis, that’s still out of reach.

Material things matter, but goods, money is not the only thing that drives us. A job provides an income, a paycheck, but it can also provide a sense of pride and belonging. People may want new furniture or the latest Air Jordans, but they also want more time with their families. They want a neighborhood where they can take a walk without being afraid, or passing by somebody who they know has nothing and is cold. They want to sense a purpose to their days.
The choices we make about our economy affect all those things that make life worthwhile, and we shouldn’t be afraid to talk about that.

One silver lining of the pandemic was that it forced millions of people, especially young people, to step back and take stock of what’s really important. Your generation is starting to ask tough questions about how you want to live, and work and spend your time. And it may be that by answering those questions, you can help all of us realign our economic policies with our deepest values.

Almost 200 years ago, Alex de Tocqueville described American society, American social and economic equality as, quote, “The fundamental fact from which all others seem to be derived.” He wrote that, “Americans put a kind of heroism in their way of doing commerce.”

But at a time when our bonds of trust are growing weaker, at a time when we are drowning in stuff, and yet, people seem deeply anxious and unfulfilled, we need a new generation of heroes to strengthen our bonds of trust, to createFoxconn installed in response to workers jumping off th an economic system that supports and sustains those things that matter, including our democratic values for years to come.
I agree with much of what you say but US Labor, as it now stands, has to compete with Chinese labor that must work under brutal conditions for low pay. I think of the suicide nets that Foxconn installed in response to workers jumping off their building was emblematic of this. Apple and Hewlett Packard are their main US customers.

The only hope the US has to compete on an even playing field for manufacturing is further automation and limited AI that still displaces US labor but maintains a viable strategic manufacturing base. The problem is that the US does have strategic adversaries that do not view the world in nearly the same manner as the US. This is old material hashed many times but still true. With rising GDP they did not became more like us and their labor workers still face brutal conditions. There are countries whose leaders still effectively subscribe to-People are our most renewable resource.
 
Last edited:
  • Like
Reactions: Joe_Hoopsier
I agree with much of what you say but US Labor, as it now stands, has to compete with Chinese labor that must work under brutal conditions for low pay. I think of the suicide nets that Foxconn installed in response to workers jumping off their building was emblematic of this. Apple and Hewlett Packard are their main US customers.

The only hope the US has to compete on an even playing field for manufacturing is further automation and limited AI that still displaces US labor but maintains a viable strategic manufacturing base. The problem is that the US does have strategic adversaries that do not view the world in nearly the same manner as the US. This is old material hashed many times but still true. With rising GDP they did not became more like us and their labor workers still face brutal conditions. There are countries whose leaders still effectively subscribe to-People are our most renewable resource.
I copied that from a speech Obama gave two years ago.

 
  • Love
Reactions: DANC
I copied that from a speech Obama gave two years ago.

I had a friend that came from a system where material poverty was the norm. In his 50’s he suddenly had a lot of money. He went through a phase of conspicuous consumption and I always thought it won’t bring him happiness . Others it might but with him no. It didn’t and what he really still enjoyed was sitting around chewing the fat with his friends.

Sure, I too believe that too much emphasis is placed on material wealth but I also understand the world is a competitive place and in order for people to not value work something must be in place to guarantee industrial competitiveness. It’s nice to talk about how things should be but you still have to value the way things are strategically with the entire global community. If you are not willing to force people to work as others do then I see no option other than supercharged industrial automation and AI. You still have the problem of what to do about labor that is no longer required but at least you maintained your values and also maintained a viable manufacturing base.
 
  • Like
Reactions: BradStevens
But at a time when our bonds of trust are growing weaker, at a time when we are drowning in stuff, and yet, people seem deeply anxious and unfulfilled, we need a new generation of heroes to strengthen our bonds of trust, to create an economic system that supports and sustains those things that matter, including our democratic values for years to come.
Disappointed World Cup GIF by Goldmaster
 
He's about to bend the knee.

At this rate, I'm going to start using this phrase with my wife:

Can you take out the trash?

I'm watching the game. I'll do it after.

But the trash is full.

OK. I'll get it after the game. This is the Final Four.

How long will that be?

I don't know. 15-20 minutes.

Fine. [slamming cupboards, refrigerater door, loud sighing]

OK, can I at least wait for the next commercial?

I guess.

[me muttering under my breath} That's right, bend the knee to me!
 
At this rate, I'm going to start using this phrase with my wife:

Can you take out the trash?

I'm watching the game. I'll do it after.

But the trash is full.

OK. I'll get it after the game. This is the Final Four.

How long will that be?

I don't know. 15-20 minutes.

Fine. [slamming cupboards, refrigerater door, loud sighing]

OK, can I at least wait for the next commercial?

I guess.

[me muttering under my breath} That's right, bend the knee to me!
Oh. And honey. You know. This thing ain’t gonna suck itself
 
  • Haha
Reactions: Joe_Hoopsier
At this rate, I'm going to start using this phrase with my wife:

Can you take out the trash?

I'm watching the game. I'll do it after.

But the trash is full.

OK. I'll get it after the game. This is the Final Four.

How long will that be?

I don't know. 15-20 minutes.

Fine. [slamming cupboards, refrigerater door, loud sighing]

OK, can I at least wait for the next commercial?

I guess.

[me muttering under my breath} That's right, bend the knee to me!

My wife is always shitty at me for not doing the dishes. I'm perfectly fine with doing them, it's just that I don't and won't dive in immediately after I finish eating. Put them in the sink, let me go have my after dinner smoke, and I'll do them when I get back. But when I get back, they're done, with me getting dirty looks. It's been this way for 25 years.
 
My wife is always shitty at me for not doing the dishes. I'm perfectly fine with doing them, it's just that I don't and won't dive in immediately after I finish eating. Put them in the sink, let me go have my after dinner smoke, and I'll do them when I get back. But when I get back, they're done, with me getting dirty looks. It's been this way for 25 years.
Oh God I know that so, so well.
 
  • Like
Reactions: UncleMark
At this rate, I'm going to start using this phrase with my wife:

Can you take out the trash?

I'm watching the game. I'll do it after.

But the trash is full.

OK. I'll get it after the game. This is the Final Four.

How long will that be?

I don't know. 15-20 minutes.

Fine. [slamming cupboards, refrigerater door, loud sighing]

OK, can I at least wait for the next commercial?

I guess.

[me muttering under my breath} That's right, bend the knee to me!
My grandfather used to say to my grandmother-Kate get me a cold one. She would delight (?) in getting him a cold beer. I have explained this to my wife several times but she never expresses any interest at all in bringing me a beer. To date not a single darn beer.
 

IMO lawsuits = Trump.

Now we know why: back in 2016 he had been slapped with or involved in 500+ lawsuits, and most folks thought it was some exaggeration.

Its water off a duck's back for him.

The main problem with the tariff is that it would only be a further impetus for de-dollarisation. There is less of an incentive for foreign entities – be they governments, corporations or sovereign funds – to trade and use the USD.

And it's the foreign entities that are keeping the US economy from crashing. (70% of all USD is held abroad.) The Feds can keep pumping & printing money because most companies and governments are trading in the USD. It's essentially free money for the US government since its the international reserve currency. It has been affording the US economy to keep spiralling up the $37+ trillion debt.

But when Biden weaponised it – with the banning of the Russian banks and threatening of the Chinese banks for doing business with the Russians with the exclusion of the SWIFT system. (BTW the US was trading with Nazi Germany and the same time selling stuff to Britain & the Europeans during the start of WW2 but before Pearl Harbour.)

The clock was set in motion.

Then a few months later, they decided with all their great wisdom – virtue signalling IMO – to confiscate the Russian assets – $350 billion sitting in banks/depositories in both Europe and the States.

Now it tells everyone that the US cannot be trusted with their money, including American allies. (Like Saddam was a useful friend until he wasnt.)

With Trump, he is willing to slap tariffs arbitrarily (see Singapore as a perfect example.) Trust and predictability get eroded further. How do you expect any foreign or domestic investors to invest when they have no predictability or any long-term visibility?

And as mentioned before, I really do not think this tariff's malarkey is Trump's main objective of bringing back manufacturing.

Using just the 'stick' isn't enough. Building factories takes years – who is willing to invest in factories when you have so little predictability? Who can wait 5 years or more for these factories to be built while paying massive tariffs on imported products? ( I read about a guy in my biking forum -- who paid $1260 in January to buy a steel bicycle frame – ol' skool – from Japan. But apparently now that same frame costs like $1780 due to Trump's tariffs on imported Japanese steel products.)

So americans stop buying stuff for the next few years? Also where is the raw materials going to come from? The domestic factories will need to import them. Taxed raw materials. The domestically made $3000 iPhone isn't too far-fetched.

What about human capital? Surely we aren't looking at building textile factories like those in Bangladesh? China has over 50% of all robot usage in the world. So even they are reliant on cheap labour. FYI microchip factories do not hire that many people. So what then? TV factories? Radio?

Where is the industrial policy that would include encouragement of more STEM graduates? Or tax reform to incentivise the manufacturing sector – instead of tax breaks for the financial sector. Otherwise, why would the PEs or billionaires have any incentive to think long-term as opposed to quarterly profitability?

Without any of those mentioned above, what is the point of this tariff? Instead, it will only increase the chances of stagflation in the short run. But also a permanently high inflation rate due to the burden of the ever-increasing debt spiral in the long run.

If a modestly educated person such as myself can figure all this out ie the chain of events, much smarter guys in DC can too.

Thats why I have a more cynical view on why he is doing this. Otherwise, Trump seems to have a very Pollyannaish view of the world. Almost 1960s-ish. And that's scarier than what I think he is trying to do.

The #1 responsibility of any POTUS – sacrosanct – is to responsibly protect the hegemony of the USD -- with the right policies.

Otherwise the $37 trillion (& growing) will become an unsurmountable burden.

Then the end is nigh.
 
Last edited:
  • Like
Reactions: Bill4411
Behind paywall and couldn’t access
IMO lawsuits = Trump.

Now we know why: back in 2016 he had been slapped with or involved in 500+ lawsuits, and most folks thought it was some exaggeration.

Its water off a duck's back for him.

The main problem with the tariff is that it would only be a further impetus for de-dollarisation. There is less of an incentive for foreign entities – be they governments, corporations or sovereign funds – to trade and use the USD.

And it's the foreign entities that are keeping the US economy from crashing. (70% of all USD is held abroad.) The Feds can keep pumping & printing money because most companies and governments are trading in the USD. It's essentially free money for the US government since its the international reserve currency. It has been affording the US economy to keep spiralling up the $37+ trillion debt.

But when Biden weaponised it – with the banning of the Russian banks and threatening of the Chinese banks for doing business with the Russians with the exclusion of the SWIFT system. (BTW the US was trading with Nazi Germany and the same time selling stuff to Britain & the Europeans during the start of WW2 but before Pearl Harbour.)

The clock was set in motion.

Then a few months later, they decided with all their great wisdom – virtue signalling IMO – to confiscate the Russian assets – $350 billion sitting in banks/depositories in both Europe and the States.

Now it tells everyone that the US cannot be trusted with their money, including American allies. (Like Saddam was a useful friend until he wasnt.)

With Trump, he is willing to slap tariffs arbitrarily (see Singapore as a perfect example.) Trust and predictability get eroded further. How do you expect any foreign or domestic investors to invest when they have no predictability or any long-term visibility?

And as mentioned before, I really do not think this tariff's malarkey is Trump's main objective of bringing back manufacturing.

Using just the 'stick' isn't enough. Building factories takes years – who is willing to invest in factories when you have so little predictability? Who can wait 5 years or more for these factories to be built while paying massive tariffs on imported products? ( I read about a guy in my biking forum -- who paid $1260 in January to buy a steel bicycle frame – ol' skool – from Japan. But apparently now that same frame costs like $1780 due to Trump's tariffs on imported Japanese steel products.)

So americans stop buying stuff for the next few years? Also where is the raw materials going to come from? The domestic factories will need to import them. Taxed raw materials. The domestically made $3000 iPhone isn't too far-fetched.

What about human capital? Surely we aren't looking at building textile factories like those in Bangladesh? China has over 50% of all robot usage in the world. So even they are reliant on cheap labour. FYI microchip factories do not hire that many people. So what then? TV factories? Radio?

Where is the industrial policy that would include encouragement of more STEM graduates? Or tax reform to incentivise the manufacturing sector – instead of tax breaks for the financial sector. Otherwise, why would the PEs or billionaires have any incentive to think long-term as opposed to quarterly profitability?

Without any of those mentioned above, what is the point of this tariff? Instead, it will only increase the chances of stagflation in the short run. But also a permanently high inflation rate due to the burden of the ever-increasing debt spiral in the long run.

If a modestly educated person such as myself can figure all this out ie the chain of events, much smarter guys in DC can too.

Thats why I have a more cynical view on why he is doing this. Otherwise, Trump seems to have a very Pollyannaish view of the world. Almost 1960s-ish. And that's scarier than what I think he is trying to do.

The #1 responsibility of any POTUS – sacrosanct – is to responsibly protect the hegemony of the USD -- with the right policies.

Otherwise the $37 trillion (& growing) will become an unsurmountable burden.

Then the end is nigh.
i agree about the overriding importance of the dollar as the global reserve currency and agree that these asset seizures and embargoes do not have the intended effect and sometimes just the opposite. As an example the embargo on Iran forced them to develop domestic refining capacity and become more independent rather than weaker. Making life more difficult for the common citizen does not as a rule result in overthrow of the existing power structure. It just makes life for the common citizen more difficult and produces additional enmity.

Japanese and German automakers will avoid much of the tariffs because they have developed production bases in the US. The German Finance Minister has indicated that they are willing to negotiate down tariffs on US imports. The above post from Starmer is generally positive and not in the least bombastic. The tariffs will result in negotiations that will result in reduced tariffs on US goods. Easy enough to avoid tariffs-negotiate a deal. If you have no concerns about accessing the US market then don’t negotiate a deal. It is widely accepted in the international community that current tariff regimes are unfair to the US. Current trade agreements will provide the certainty that investors require for long term investments.

Maintaining the status quo is the less risky option. No matter tariffs there are storm clouds on the horizon. Mounting debt, asset freezes, asset seizures, and reduced US manufacturing are negatives that need to be addressed. If it is intentional or not is irrelevant because tariffs will serve to strengthen US manufacturing whether through foreign or domestic investment.

The political polarization in the US intrinsically provides long term uncertainty. The pendulum usually swings on an eight year cycle but the odd circumstances currently have resulted in two four year cycles.

I don’t believe these tariffs threaten the dollars status and do believe there will be trade deals negotiated but whenever you upset the status quo there is risk of unintended consequences.

Banning countries from Swift and freezing assets is bad policy and hope it stops. It is ineffective against a determined country and so an ideological policy with negative consequences in the real world. An effort by accountants and financial theorists to change the nature of international conflict that doesn’t work in practice.

I enjoyed reading through your comments and hadn’t thought about impacts of tariffs on reserve currency status but don’t agree with you on that one point.
 
My grandfather used to say to my grandmother-Kate get me a cold one. She would delight (?) in getting him a cold beer. I have explained this to my wife several times but she never expresses any interest at all in bringing me a beer. To date not a single darn beer.
My dad always TOLD my mom, Go make me an Ice Tea. I'd seen it my entire life.

My first wife.... Nope nope nope, wasn't putting up with that !
 
My wife is always shitty at me for not doing the dishes. I'm perfectly fine with doing them, it's just that I don't and won't dive in immediately after I finish eating. Put them in the sink, let me go have my after dinner smoke, and I'll do them when I get back. But when I get back, they're done, with me getting dirty looks. It's been this way for 25 years.
Paper plates. Summer is coming
 
  • Like
Reactions: DANC
As predicted:


A conservative legal group is challenging President Donald Trump's tariffs on China, calling them "an unlawful attempt" to make Americans pay higher taxes on Chinese imports.

The New Civil Liberties Alliance (NCLA) filed an initial complaint in Florida district court Thursday, challenging Trump's "unlawful use of emergency power to impose a tariff on all imports from China."

"By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to control tariffs, and upset the Constitution’s separation of powers," Andrew Morris, senior litigation counsel at NCLA, said in a statement released.
Wow, using the legal system to stop Trump? That's a first.....
 
Last edited:
  • Haha
Reactions: Joe_Hoopsier
Definitely not play money as I worked hard to save and invest this money. I don't trade in my 401k often, but in late February my gut was screaming at me to take some of the gains of the last couple years off the table.

The more build up there was on Trump's tariff plans, the more uncomfortable I became. Trump has been so unpredictable on this and I'm afraid each country is going to have to cut deals 1-1. That will take time.

Biggest risk is some countries may call his bluff. I'm am 52 and a few years to retire. I also work for a company that still has a pension as does my wife.

I honestly invest now to leave as much as I can to my kids. I know some people disagree with doing that, but that is really my main motivation.
I used to think I'd like to leave a lot to my daughter and family. Then I look at her lifestyle and realize I'm subsidizing it because she and her husband both make good money and they shouldn't be counting on me or my wife for an inheritance. I saw it happening with my other friends and I realize was still in the mindset of saving, saving, saving, at the expense of living it up a little now. Nothing crazy, but an extra vacation house, nice vacation, nice cars, etc., shouldn't be off the table just to save for them. Besides, some of these things are assets they'll get anyway.

But good for you - your kids are lucky you're responsible.
 
The US actually has a trade surplus with Singapore. And yet Singapore has been slapped with reciprocal tariffs of 10%

When they have such a slapstick approach/execution to such serious matters, it makes them come across as unserious people.
It's not just tariffs. It's some of the other unfair trade practices that are issues. Slave labor, currency manipulation, shell companies for China, etc.
 
  • Like
Reactions: Joe_Hoopsier
I used to think I'd like to leave a lot to my daughter and family. Then I look at her lifestyle and realize I'm subsidizing it because she and her husband both make good money and they shouldn't be counting on me or my wife for an inheritance. I saw it happening with my other friends and I realize was still in the mindset of saving, saving, saving, at the expense of living it up a little now. Nothing crazy, but an extra vacation house, nice vacation, nice cars, etc., shouldn't be off the table just to save for them. Besides, some of these things are assets they'll get anyway.

But good for you - your kids are lucky you're responsible.
No easy answer for sure. My 3 kids are in the 19-24 range. Two seem like they are on a solid path as far as you can be at that age. The other is definitely in the still figuring it out category. Interesting to parent young adults. Not an easy world any of them are entering financially.
 
That explains tariffs in general, not tariffs on everything everywhere. Are we really going to gain trade on uninhabited islands? The UK with whom we have a surplus? Sounds like THEY have the complaint, not us, in our relationship.
If we don't buy or sell from those islands, who cares? It's a global 10% tariff, right? Why do you keep harping on that

A surplus doesn't mean there isn't unfair trade practices with the UK. They have higher tariffs on US than we do with them - that's the issue.
 
ADVERTISEMENT
ADVERTISEMENT