Tariff Man and his tariff plan cause market plunges

Depends on the location. A 750k home in my neighborhood would be 5 mil if you dropped it in Nantucket. Originally Posted by Jacuzzme

Exactly my point. And it’s been like that forever.

TDS knows no boundaries.

Latest Reed Smith updates

https://www.tradecomplianceresourceh...ariff-tracker/

https://ca.news.yahoo.com/hitting-ro...211924855.html

85% less liquor sales to Canada. That's up there were China not buying soybeans.

So will we see a Bourbon bailout with tariff revenue? The notion that this will pay off the deficit erodes more and more by the day as we talk of using it to fun school lunch programs and giving checks to Americans.

And if the Supremes don't save the IEEPA tariffs then all these promises of east the revenue will fund will be like Trump Steaks and Trump university

https://ca.news.yahoo.com/hitting-ro...211924855.html

85% less liquor sales to Canada. That's up there were China not buying soybeans.

So will we see a Bourbon bailout with tariff revenue? The notion that this will pay off the deficit erodes more and more by the day as we talk of using it to fun school lunch programs and giving checks to Americans.

And if the Supremes don't save the IEEPA tariffs then all these promises of east the revenue will fund will be like Trump Steaks and Trump university Originally Posted by HDGristle

oh- the decision to use some tariffs to offset the WIC allowances and funding has happened. I guess the idea of kids and moms not eating didn't set well with some of the MAGA's - mostly MTG and a few that surprisingly have had some revelation of the shit storm they created with the BBB. Some 'may' go to farmers. But likely those will also be 3 months late and millions of dollars short. I don't see any of that happening till congress gets it's ass back to session. Hopefully the GOP realizes that they are the ones being viewed as the obstructors to AMERICAN normalcy, and telling everyone to "trust us", we'll do better, or we'll get the medicare ACA funds sorted", is just a ruse at best. NOBODY- trusts the GOP and Project 2025 to do the right thing.


Deceiver Donald and the lawless GOP cabinet and synchophants will never to anything for the public- just for the interest of the rich and how to keep their pockets full of more money.

When Trump's tariffs are declared unlawful- at least to certain extent- what then?? Will the congress take back those levies or re-vote on them to be in place. I know for certain that while some of the pain at the consumer level is acceptable, - congress knows no quench of thirst when it comes to money. I doubt that they will rescind the entire lot.

Eye, what a world you live in.

While I got your attention. Why have other countries tariffed US goods for decades and continue to do so?

Does it sit well with you, that you are against Trumps tariffs but have never voiced displeasure over other countries tariffs? Aren’t these other counties causing a ruckus with their people like you’ll have us believe 47 is doing?

Double standard much?

No one bites on your question because no one is trying to assert that all tariffs are bad. Or that all tariffs are good. Or fair. Or smart. Or effective.

There's no gotcha here to try to spin

No one bites on your question because no one is trying to assert that all tariffs are bad. Or that all tariffs are good. Or fair. Or smart. Or effective.

There's no gotcha here to try to spin. Originally Posted by HDGristle

The question was directed at eye, not at you. And the question is 100% valid.

All of the TDS-afflicted posters in this thread have focused entirely on the (exaggerated) damage they expect trump's tariffs to impose on US importers, retailers and consumers.

None of them have shown any appreciation of the nuances involved by also mentioning the prospective benefits. Or better yet, how about a cost-benefit analysis that quantifies and weighs BOTH the costs and the benefits? You won't find that in this thread. It's clearly above the average trump hater's pay grade!

GM is simply asking the obvious. Nearly all of our trading partners tariff our products, and they usually do so at rates higher than what we levy on their products. If high tariffs are so unequivocally bad and low tariffs so universally beneficial, why aren't they rushing to lower their tariffs voluntarily instead of fighting to preserve them?

It's not a straw man or red herring or whatever appellation you want to throw out there to avoid answering the question, Mr. Gristle. Your non-answers only tell us you're a polemicist, not an economist.

The irony is - I am personally much more of a free trader than a protectionist. Empirical models have long shown free trade is broadly superior to protectionism for maximizing global wealth. Too bad most of the arguments put forth in this thread are crudely polemical rather than empirical.

Irrelevant would be the next one in the queue

That said... why is Trump using tariffs and bailout money to help Argentina eat up our soybean market? There's not a goddamn thing America first about it.

https://www.usatoday.com/story/opini...d/86563668007/

Let's remember the tag from the article all the way back in post 1

Trump’s radical tariff program is aimed at restoring U.S. manufacturing greatness. He’s getting in his own way.

It hasn't restored U.S. manufacturing as of today but the above is a perfect example of him getting in his own way today. To the point where he's talking about using tariff revenue to bail put soybean farmers.

Ah, that's right. He fucked around and the farmers found out. Empirically. Polemically. And very much financially.

Hope you guys bought the dip like I suggested.

Irrelevant would be the next one in the queue. Originally Posted by HDGristle

Nope. GM's question is 100% relevant. (Isn't this thread about tariffs?) Sorry if you can't even take a stab at answering it.

However, you are adept at bumping threads to bury questions that make you uncomfortable.

I'm super comfy with this topic

Case in point...

For all the detail in Trump’s Wednesday announcement, his endgame is still shrouded in confusion. That’s lethal for long-term investment, making confident planning all but impossible.

“If you want stuff being put in the ground, you have to tell people the price, and the price needs to be fully inclusive of the tariff risk,” one former administration official in Trump’s first term, granted anonymity to speak freely, told me.

It’s not that tariffs can’t work as an action-forcing tool for companies to move production to the U.S. This is a wealthy country with one of the largest consumer markets in the world, and the president probably isn’t wrong that a lot of our trading partners would capitulate to keep serving it.

But I’ve asked multiple corporate executives in recent weeks whether companies are likely to start investing in manufacturing in the United States in response to Trump’s policies, and the message has basically been: That’s an unanswerable question right now. Because making those decisions requires understanding the relative costs of doing it versus not doing it, and Trump is far too unpredictable to allow for that kind of calculation.

This is all still valid. He's already trying to upend his EU trade deal to change the terms. He didn't get most countries to the table in a productive way. And we can see real, demonstrable costs and consequences before we even get to legality issues.

Since you enjoy empiricism
https://taxfoundation.org/research/a...ffs-trade-war/

Read through that and let me know when you're ready to discuss

I wouldn't want the headwinds that man is facing

No one bites on your question because no one is trying to assert that all tariffs are bad. Or that all tariffs are good. Or fair. Or smart. Or effective.

There's no gotcha here to try to spin Originally Posted by HDGristle

The gotcha is you and the other lefties post everything with a negative spin regarding US tariffs. It’s the “you got Trump” fetish.

The problem with your argument is US and other tariffs have to mostly both be good or bad. In other words you can’t make a logical argument the US tariffs are bad and other tariffs are good.

Since other countries have tariffed US goods for decades their government sees these tariffs as good for their countries. If not they’d stop, right?

So, Trump is trying for the US to gain these same advantages. But your TDS won’t allow you to see any good in Trumps tariffs.

I've given you some examples of good and bad tariffs in prior posts, as well as the rationale. Including ones Trump implemented that are targeted and make sense.

That's why no one cares to address the gotcha. It's based on a false premise and thus, irrelevant.

This is similar to Bam's spaghetti at the wall approach to this leading to zero tariffs while at the same time providing tariff revenue that will eliminate the deficit, but it will come from the foreign country the good were sold from. Those can't all be the goal.

In this case, we have the potential for the largest tax increase since 1993, which will pull thousands from our pockets as the costs are passed along while also reducing the GDP. It's simply poor policy in its conception and execution.

Today, a stock I have had ownership in as a child, long story, just hit an all time high again, as it was earlier this year.

Let's say, its done well.

Am I missing something?

WTF is the problem?

I've given you some examples of good and bad tariffs in prior posts, as well as the rationale. Including ones Trump implemented that are targeted and make sense.

That's why no one cares to address the gotcha. It's based on a false premise and thus, irrelevant.

This is similar to Bam's spaghetti at the wall approach to this leading to zero tariffs while at the same time providing tariff revenue that will eliminate the deficit, but it will come from the foreign country the good were sold from. Those can't all be the goal.

In this case, we have the potential for the largest tax increase since 1993, which will pull thousands from our pockets as the costs are passed along while also reducing the GDP. It's simply poor policy in its conception and execution. Originally Posted by HDGristle

At the end of the day, the only spaghetti that matters is how much you can buy to keep you and yours fed.

My spaghetti looks sufficient.

Basic economics don't change.

Save, live reasonably, and have enough to assure your churren can do better.