Are Trump's beautiful tariffs
- Thread starter snarlcakes
- Start date
I did Basic at Ft. Lost In The Woods. The humidity in August is off the charts.
So you haven't bought the Trump coin, NFTs, media company? Good for you.
No, of course not.
But just wait until he's gone. My box of Trump watches is going to be worth a FORTUNE.
I had friends whose family was wealthy and never lacked for money. Built the nicest house in the area.
Both kids drove new cars and had great stereos and had their own play money.
The oldest graduated college, got a job, went through Marine OCS and commanded a company of Marines in Desert Storm. Eventually became a HR director at a major company.
The other dropped out of college, did a lot of drugs, rarely worked (until he actually got a job as a pipe fitter, which he worked seasonally), never got married or had kids, and is a flaming liberal.
Point is, money isn't going to help, except for those who are responsible enough to not waste it.
Elon is not a fan of the tariffs. When will the President start calling him names?
Elon Musk says he wants a 'zero tariff situation' and a 'free trade zone' for Europe amid Trump's trade war
In streamed remarks at an event hosted by Italy's right-wing deputy prime minister, Musk said Europe and the U.S. should move to "a zero tariff situation."
www.nbcnews.com
But how could that be? He’s the real president, pulling all the strings behind the scenes, right?Elon is not a fan of the tariffs. When will the President start calling him names?
Elon Musk says he wants a 'zero tariff situation' and a 'free trade zone' for Europe amid Trump's trade war
In streamed remarks at an event hosted by Italy's right-wing deputy prime minister, Musk said Europe and the U.S. should move to "a zero tariff situation."www.nbcnews.com
I tell my parents all the time that they worked hard for their money so they should enjoy it while they can.
Not harping on it just entertained by it.
Same. If I never see Missouri again it will be too soon. Sorry, McM.
Honestly, Danc, these accusations are just untrue.. But I think we need to be on the same page and figure out these definitions of unfair trade practices, slave labour, currency manipulation and shell companies.
As far as unfair trade practices go:
There are no 'free markets' in the world. There are no saints. (See above.) The US wrote the rules for the WTO, clearly to extract maximum benefits or advantages for the US.
Singapore, my adopted home, for example, is considered one of the freest markets in the world. (The US is ranked 12th in the world only.) Yet it's being tariffed by Trump, despite the US having a trade surplus with Singapore. I guess it doesnt pay to have the 2nd freest markets in the world. (Hong Kong being the 1st.) Technically, can Singapore claim that the US has unfair practices?
Its not a pissing contest discussion on who is the freest. Ultimately what you have are basically every country trying to extract as much negotiated benefit as possible, including the US.
But my point here is that these tariffs make no sense when you consider what the stated objective is – bringing back manufacturing.
I work in a world (tech startups) where ideas, competition, etc are pretty cut-throat, and I have been killed more than I have succeeded.
But I can also see where tariffs will be beneficial for some countries – whether to protect some cultural tradition like the Japanese and their rice planting sector or the protection of a burgeoning or infant cottage industrial sector – but with a time limit.
What Trump is doing is trying to reverse something that has been going on for a good 50-60 years now. And in reality, trade is at best a symptom of it.
There was both a corporate cultural shift to tax reforms and a change in CEO compensation packages to growing activist shareholders – and then some – that made Corporate America want to maximise profits, especially in the short term, at the cost of investing in the future. Remember Jack Welch? He was the poster child of all this.
Just look at GE and what has happened to manufacturing in America.
It's all self-inflicted coupled with a massive dollop of greed and legalised corruption where tax reforms benefit only a certain group of people.
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Is Trump asking people to buy less? Never a healthy thing coming from an economy that's basically a consumer-driven one. 70%
Otherwise, where are the substitute products coming from? Start factories today to make widgets? What about the intermediate goods like raw materials? Most of that will need to be imported -- with tariff.
Think $3k iPhones.
I would wait a few hours before making such a prognostication. My guess is that once this tariff shock calms down, you will see more regional trading zones that will exclude the US.
But ultimately, who triggered all this? No force majeure claims for sure.
For people living in poverty, any increase in price hurts.
You guys were wailing as loud and often as possible when you could blame biden on inflation. But when Trump unnecessarily increases the price of everything with his tariffs, it's no big deal.
Interesting double standard, especially given that Trump owns these tariffs whereas the connection between Biden and inflation isn't nearly as clear cut given other influences (COVID, Russia war) and it occurring worldwide.
Edit: Apparently the laughing hyenas can't handle the truth.
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I hope the Dem party doesn’t pay you more than minimum wage. You’re not worth that.
The large Asian markets are already looking for regional deals that exclude us.
Many on this board live in a world where only Trump has power, only the US is allowed to have pride.
The point is China is f#cked no matter what you try to say. It's a shitty communist state with terrible demographics and you guys lose.
We all lose. No one escapes this. And your average Chinese citizen can sure as crap endure more suffering than the average American.
Piss them off enough and maybe they stop buying our debt. Only Trump could have that effect on people.
I agree we all lose and it's not necessary. The point is everyone else suffers more. It doesn't matter if you like Trump or not, that's the reality.
Well, I think you need to educate yourself instead of just swallowing all the ignorant punchlines that your media outlet offers.
Sure, they will hurt from this tariff debacle. But they have been preparing for this for years now.
Firstly, what demographics issue? Are you thinking that the population is shrinking? The working population will shrink by about 10% by 2040. Meantime their STEM graduates will be increasing to like 30-40% of that working population by then. Secondly, China has more than 50% usage of all the robots in the world right now.
But I wont waste too much more effort when you are clearly ignorant.
More critically, someone who is quite simple-minded. The fact that I am willing to offer a counter-narrative and a set of facts means I am from that country; it only illustrated your level of thinking. Unserious and basically a very emotional person and obviously not very rational.
Its about defending your man – damn the facts. Its pointless. And you wonder why people call you guys a cult?
That's why it's an unserious debate.
Trump's an idiot. It still doesn't change anything I said.Well, I think you need to educate yourself instead of just swallowing all the ignorant punchlines that your media outlet offers.
Sure, they will hurt from this tariff debacle. But they have been preparing for this for years now.
Firstly, what demographics issue? Are you thinking that the population is shrinking? The working population will shrink by about 10% by 2040. Meantime their STEM graduates will be increasing to like 30-40% of that working population by then. Secondly, China has more than 50% usage of all the robots in the world right now.
But I wont waste too much more effort when you are clearly ignorant.
More critically, someone who is quite simple-minded. The fact that I am willing to offer a counter-narrative and a set of facts means I am from that country; it only illustrated your level of thinking. Unserious and basically a very emotional person and obviously not very rational.
Its about defending your man – damn the facts. Its pointless. And you wonder why people call you guys a cult?
That's why it's an unserious debate.
They have been regularly dumping the t-bills the past 5-7 years. The Japanese are the largest foreign holders of T-bills/bonds at the moment. But I think the Chinese are still sitting on $3+ trillion in USD cash.
Not sure if it's reported – but the Chinese issued $2 billion USD bonds in Saudi a few months back. Paying minuscule more than what the Feds are offering. Clearly the actual amount is tiny – a trial balloon. And apparently it was oversubscribed by, like, 20 times.
Imagine the implications of this.
I'll help you out because you're clueless. The reason the dollar is the world reserve currency is because no other countries trust other currencies. Now places China or Europe could hurt the U.S. by going to a gold back system or Bitcoin system, but it would require them giving up their ability to print their own currency.Well, I think you need to educate yourself instead of just swallowing all the ignorant punchlines that your media outlet offers.
Sure, they will hurt from this tariff debacle. But they have been preparing for this for years now.
Firstly, what demographics issue? Are you thinking that the population is shrinking? The working population will shrink by about 10% by 2040. Meantime their STEM graduates will be increasing to like 30-40% of that working population by then. Secondly, China has more than 50% usage of all the robots in the world right now.
But I wont waste too much more effort when you are clearly ignorant.
More critically, someone who is quite simple-minded. The fact that I am willing to offer a counter-narrative and a set of facts means I am from that country; it only illustrated your level of thinking. Unserious and basically a very emotional person and obviously not very rational.
Its about defending your man – damn the facts. Its pointless. And you wonder why people call you guys a cult?
That's why it's an unserious debate.
Now communist f#ck twats like Xi aren't going to do that because they're miserable f#cks who want to control and enslave their own citizens. So, instead they'll devalue their currency, which will hurt their own citizens, chases inflation, and make it more expensive to purchase commodities priced in dollars. They would also suffer higher employment as their businesses struggled to sell the goods that Americans stopped purchasing. They will sell fewer goods and services at lower prices and margins. As always is the case, f#ck communists.
Time to get that tattoo I've been thinking about as a daily reminder: market timing doesn't work. Don't do it.
Man... the level of indoctrination in you is scary.
But it explains your level of understanding of international finance & trading.
Good luck!!
I'm on vacation and a good amount of beers deep. Always a good time and when I usually do my best thinking. It's days like these that I'm really thankful I own Bitcoin.
I listened to a podcast several years ago and a hardcore Bitcoiner said he might start buying equities when the P/E ratio was 2. It seemed insane to me at the time, but part of the reason everyone is freaking out is because on some level we all know it's bullshit.
May I kindly suggest two tattoos. One of them should be about Bitcoin and the other the outline of the dude banging a chick. Maybe one on each calf?
