The Trump Tariffs thread

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K1052

Elite Member
Aug 21, 2003
51,090
43,122
136
🎵It's a long day livin' in Reseda
There's a freeway running through the yard
I'm a bad boy 'cause I don't even miss her
I'm a bad boy for breaking her heart🎵
 

alien42

Lifer
Nov 28, 2004
12,809
3,216
136
The 1 day, 5 day, 1 month and 1 year charts are all in the red again for all the major indexes.
 

nakedfrog

No Lifer
Apr 3, 2001
60,968
16,342
136
If only some of us told all you Trumpers, Donald is a hateful racist incompetent fuck maybe we wouldn’t be in this mess.

Oh yeah, we did tell you and your response was that it was TDS and fake news.

And now we have it. He just trashed a great US economy right in front of your eyes
Here's another evergreen one for posterity.

 

Indus

Lifer
May 11, 2002
14,364
10,066
136
Perhaps the only entity on the planet that Trump cannot flatter, cajole, bargain, bluster, threaten, or lie his way around.



Careful he might bomb the bond market next.. though people would probably love bonds paying 13-17%..

Stagflation inc
 
Dec 10, 2005
27,426
11,690
136
Thank the bond markets for this. They aren't buying his bullshit.
Also, if I recall, there is still the flat 10% tariffs that went into effect. The "pause" is only on the more insane numbers (sans China). We're still going to be paying more on top of having paper savings decimated because there is a senile moron at the top surrounded by idiots and a legislative branch that could stop this at any time, but chooses not to for reasons.
 

SteveGrabowski

Diamond Member
Oct 20, 2014
8,546
7,172
136
Just waiting for him to get confused and announce negative tariffs (the US government will pay you to buy the stuff) before leaping into the domain of complex numbers: (10+10i)% on Canada
I'm holding out for quaternions myself that way the tariffs won't be commutative.
 
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SteveGrabowski

Diamond Member
Oct 20, 2014
8,546
7,172
136
Actually incoming recession pretty soon because..

1. DOGE layoffs..
2. supply chain issues due to tariffs on China
3. loss of trust in US markets due to volatility
4. tech layoffs
5. loss of dependability on the US, leading to other countries making supply chains US proof.

Tariffs were the easiest to fix.. the storm is still coming though.
Don't forget all the austerity in the house budget to pay for tax cuts on the oligarchs. That alone usually brings recession but add those 5 on top of everything and this is going to be a lot uglier than your garden variety recession.
 

Muse

Lifer
Jul 11, 2001
39,867
9,577
136
US Supreme Court already said anything he does in his official capacity is legal.
No, I still don't get this at all. They didn't say anything he does is legal, they said he can't be prosecuted for things he does in the line of his duties. That is very different from legal and they have to make that clear in some forthcoming decisions. I expect they will.
 

Muse

Lifer
Jul 11, 2001
39,867
9,577
136
What is their opposition to nice round numbers?
Nice round numbers look arbitrary. Arbitrary looks simple minded. Mathematical formula for tariff determination give the appearance of science. All this is a smokescreen in front of what's really afoot: chaos and fleecing.
 
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Muse

Lifer
Jul 11, 2001
39,867
9,577
136
Perhaps the only entity on the planet that Trump cannot flatter, cajole, bargain, bluster, threaten, or lie his way around.
TBH I don't think he's that capable a propagandist. He gets most of his ideas by watching TV, i.e. Fox News and the other right wing news media. He fills his head with their notions and they flow into his "weave." It's a nauseating concoction, what he spews, but he's not the source, it's the cohort media machine.

Something has to develop in America to defuse the explosiveness that the POTUS has by virtue of EO's. This is a potentially fatal flaw that's been exposed. There must be a solution to this or the USA has been exposed as a bust. I suppose that as much as anything is what the the bond market is showing.
 
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biostud

Lifer
Feb 27, 2003
19,414
6,438
136
US Supreme Court already said anything he does in his official capacity is legal.

Not being able to be prosecuted, is not necessarily the the same as making everything he does legal.

Although with how the system works currently it might as well be...
 
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sdifox

No Lifer
Sep 30, 2005
98,663
17,184
126
Not being able to be prosecuted, is not necessarily the the same as making everything he does legal.

Although with how the system works currently it might as well be...
Congress is not even checking his actions, he has carte blanche
 
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RnR_au

Platinum Member
Jun 6, 2021
2,383
5,687
106


The heading on the chart should be "Weighted Average US Tariff". The chart was done before China's tariff reached 145%.

Chart comes from this video.

Hoover signed the bill against the advice of many senior economists, yielding to pressure from his party and business leaders. Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates.
 
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Muse

Lifer
Jul 11, 2001
39,867
9,577
136
Not being able to be prosecuted, is not necessarily the the same as making everything he does legal.

Although with how the system works currently it might as well be...
Law suits can be filed. The judiciary can stand up to him. He can't fire SC justices. He can say shit, he always does. SFW. He can ignore their decisions. There has to be a solution to this. At the very least, the judiciary can declare his actions illegal.

Trump's administration has claimed that they abide by court decisions, and that's looking like lip-service a lot of the time.

We most definitely are in a constitutional crisis!
 
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