Tariff Man and his tariff plan cause market plunges

We’ve reached full circle in the argument.

Personally I see the outcome as better trade agreements or more tariffs implemented as a one-time event. If the latter happens the markets sells off a little, settles, but is stronger in the longer term. And the US is stronger either way.

“The point is the stock market is forecasting a healthy economy.

Current higher than ever tariffs are baked into that conclusion, unless you think 47 will walk back what has already been implemented. He won’t unless there’s a benefit to it.

Trump is playing with house money right now and doing what no other president in our lifetime has done.”

Really can you share some of the dozens of examples? Originally Posted by Green_Mountain

Without straying too far off topic, namely anyone he's ever hired, touted as "the best" for the job, then unceremoniously fired when things didn't go trump's way. Like, everyone from his first administration, for example. That's at least 3 dozen right there.

Cool list out your 3 dozen+ please.

Would be a great new thread.

Lot of checks written around here that never get cashed.

Are you claiming there aren't any? Lol. It's literally everybody he hires, touts highly, then insults and fires when they can't alter reality to cater to his whims. Literally everybody.

We just witnessed Trump deliver a crippling blow to the “panicans”, embarrassing them on the world stage with Iran.

After we just witnessed the panicans overreact to the tariffs and market dip last month.

Are you noticing a trend?

The panicans are always wrong.

Do you really want to bet against Trump AGAIN? How many times must he prove the panicans wrong before they consider Trump might know what he is doing?

Flashback to April. Trump told us not to panic. He was right.

Doubt him at your own peril.

Another deal

https://x.com/rapidresponse47/status...841560070?s=42

Right on Bam.

Thank you President Trump for putting America 1st.

“President Trump's trade deal with VIETNAM...US gets "TOTAL ACCESS" to their markets for trade WITH ZERO TARIFFS.

- Vietnam pays 20% TARIFF
- They pay 40% tariff on transshipping”

Trump wrote that "Vietnam will pay" that 20% duty, but tariffs are taxes on foreign goods that are paid by the importers of those products.

Still can't help but fib about who foots the tariff bill

I did see, and believe posted, data suggesting Japan lowered some prices on their exports to the US to offset consumers paying more due to tariffs.

It’s not a leap of faith to believe that’s the only example.

Then I guess we'll see the signed agreement where Vietnam is paying the tariff instead of the importer.

Oh, we'll have to wait. It's another deal in principle

The draft of the agreement with Vietnam says the two sides will continue to work on a final deal to be sealed “within the coming weeks” that will result in a “substantial reduction” in the U.S. tariffs on Vietnam’s imports, though the draft statement did not include any details on where the tariff level will ultimately end up, unlike Trump’s social media post.

Vietnam isn't going to be "paying the tariff"; the importers and consumers will be.

How many times is MAGA going to lie about who actually pays the tariffs? Do they think if they lie about it enough times, it will magically become the truth?

Are they trying to fool themselves, or just other people? Are they knowingly lying about tariffs, or do they simply not understand?

How many times will you ignore the fact that a tariff can be used to give American companies the ability to compete with foreign companies?

It can. That doesn't mean a tariff is used effectively or even efficiently. I'm good with smart, targeted tariff policy. Not using it as a cudgel for performative stunt politics or to undermine decades of strategic economic investment smart efficiencies and trade to protect inefficiency and ineffective domestic producers who aren't managed properly.

Using tariffs a blunt club should be situational, not the standard approach.

Is a trade deficit bad simply because it exists? No. Is a tariff bad simply because it exists? No. Look at the Nuance.

Do you anticipate that Vietnam is going to be a significant market for U.S. built SUV's?

Do you anticipate that Vietnam is going to be a significant market for U.S. built SUV's? Originally Posted by HDGristle

The needle may not be moved on SUVs but with Vietnam being opened up for the opportunity to receive more US goods on a level playing field there’s a chance the US worker benefits.

And that’s nothing but a good thing.

How many times will you ignore the fact that a tariff can be used to give American companies the ability to compete with foreign companies? Originally Posted by Iceman

As long as MAGA understands that prices will be higher for the consumer... and MAGA hasn't shown it understands that yet.

I mean, hey, if you're cool with everything costing more, that's on you (but is the exact opposite of what trump campaigned on).

Personally, I'd prefer to not pay more for a product just because it says "Made In The USA" on it. Nevermind the fact that many things we import can't be made here - and could never be made here.

If "America First" means "America Only", then "America First" is really fucking dumb.