Trade Wars and Tariffs

[EasternVol]

The reason you don't see American cars in Europe is because we build giant gas guzzlers that would struggle to navigate a lot of old european streets AND they're paying a **** load more for gas. It doesn't take a rocket scientist to figure out. What are we doing to solve for those factors if we want to to be a force in their market?

There used to be a whole lot of Buicks on the road in China, and not that long ago. Buick's design decisions and the rise of Chinese auto manufacturing have pretty much put an end to that.

 

[lawgator1]

Ok if CNN is right and this is the actual method used all of these “reciprocal” tariffs are ********.

The article claims the WH confirmed this was indeed the method they used.

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www.cnn.com

CNBC host today said that he reached out to numerous economists and that they universally say there is no such formula, it was made up out of thin air. The WH claim that the Council of Economic Advisors used this well known approach to come up with the numbers is utter bullshot.

 

[Sandman 423]

#AreWeWinningYet?

I just flipped it on to see if you were telling the truth. Learned 2 things by doing it. 1. If you try to screen shotted fox news on YouTube tv, you just get a black screen. 2. You are still a liar. The bottom right ticker switches back and forth between the market and the severe weather.

Edit: if you pause it you can take a pic.

 

[bamawriter]

CNBC host today said that he reached out to numerous economists and that they universally say there is no such formula, it was made up out of thin air. The WH claim that the Council of Economic Advisors used this well known approach to come up with the numbers is utter bullshot.

This is nauseating.

 

[lawgator1]

This is nauseating.

I don't know why they are so allergic to the truth, and say simply that Trump and his team have varied these tariff amounts for various reasons. If anything would lend credibility to the notion that there is some method to what appears to be complete madness.

 

[bamawriter]

I don't know why they are so allergic to the truth, and say simply that Trump and his team have varied these tariff amounts for various reasons. If anything would lend credibility to the notion that there is some method to what appears to be complete madness.

Agreed. But the Trumpistas have no idea how or why Trump landed on these numbers, so it's impossible to do anything but make blanket excuses.

 

[volbound1700]

I'm familiar with the exchange rates. It's been fairly stable against the USD and Euro Currency Index the last 10 years or so. Europe's not quite the basket case a lot of people think or hope that it is.

EU exchange was 1.20 to 1.00 USD when it start out. It has gone down.

The issue that occurred with the Greece situation have still not been resolved. Eventually, many of the EU nations are going to have to face up to their debt.

 

[jmacvols1]

throw back Thursday....

 

[NorthDallas40]

CNBC host today said that he reached out to numerous economists and that they universally say there is no such formula, it was made up out of thin air. The WH claim that the Council of Economic Advisors used this well known approach to come up with the numbers is utter bullshot.

Oh I absolutely agree with that. There is no sound rational logical “theory” in that formula. It’s completely made up math that is trying to equate a trade imbalance with tarrifs. They are not the same thing.

 

[bamawriter]

For anyone who thinks this is even remotely a good idea:

Please explain the reasoning behind the 10% tariff on Costa Rica. The two primary imports from Costa Rica are bananas and coffee. The US produces negligible amounts of both. This is not something that can be cured by "bringing production back to the US." Hawaii is the only state in which either can be grown on a commercial scale, and bringing products from Hawaii to the continent is usually more expensive that importing them from Central America. Please tell me how this tariff makes any sense whatsoever.

 

[Orange_Crush]

The reason you don't see American cars in Europe is because we build giant gas guzzlers that would struggle to navigate a lot of old european streets AND they're paying a **** load more for gas. It doesn't take a rocket scientist to figure out. What are we doing to solve for those factors if we want to to be a force in their market?

So, the US only makes huge gas guzzlers?

It couldn't be the 10% tariffs on all US-made autos, compared to the 2.5 we've been levying?

 

[Orange_Crush]

Canada and EU keep talking tough but then caving. Canada has a major Alberta problem. If they don't play ball, Alberta is going to try to leave them and may take other provinces with them. I have been watching video after video about it.

Not sure if Alberta will 100% join the USA but there is definitely frustration between Alberta and Ottawa right now that is blowing up.

Yep. And those Western provinces are basically the ones that are supporting the Eastern, progressive ones.

It seems to be developing into a "WHERE is John Gault" scenario. The producers are talking about packing up and leaving.

 

[volbeast33]

 

[lawgator1]

Here's the thing. Even IF some portion of manufacturing comes back into the US, some years down the road, the US workers will still make $20/hr, if not more. Which means the t-shirt made in Vietnam for $3 will now cost $10 to make. So, even if manufacturing comes back, the result will be inflationary.

 

[titansvolsfaninga]

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This will happen right after trickle down economics kick in....it's been 40 years, and we're still waiting on that to happen.

 

[titansvolsfaninga]

I doubt people will have money to buy a car. But go ahead.

 

[lawgator1]

Trump may have all the White House tv's tuned to Fox, which, if reports are correct has taken the stock tickers off the screen. But if he is watching any other channel, even if relatively conservative CNBC, you know he is sitting there stewing and wondering why it is people can't see how brilliant he is.

 

[volbeast33]

I doubt people will have money to buy a car. But go ahead.

I may buy a Ford Truck.

 

[Velo Vol]

throw back Thursday....

If Congress wants to debate and impose tariffs on China, more power to it. That's not what's happening.

 

[Sandman 423]

Here's the thing. Even IF some portion of manufacturing comes back into the US, some years down the road, the US workers will still make $20/hr, if not more. Which means the t-shirt made in Vietnam for $3 will now cost $10 to make. So, even if manufacturing comes back, the result will be inflationary.

I’m not defending the tarrifs, but this argument doesn’t make sense to me. Why would the auto workers wage stay flat?

 

[volbound1700]

Yep. And those Western provinces are basically the ones that are supporting the Eastern, progressive ones.

It seems to be developing into a "WHERE is John Gault" scenario. The producers are talking about packing up and leaving.

Personally, I think Ottawa will cave, somewhat, and Canada is going to stay together. Some of that is why I think Trump is going to win the Tariff fight with Canada.

 

[Sandman 423]

Trump may have all the White House tv's tuned to Fox, which, if reports are correct has taken the stock tickers off the screen. But if he is watching any other channel, even if relatively conservative CNBC, you know he is sitting there stewing and wondering why it is people can't see how brilliant he is.

View attachment 732725

you get your reports from El?

 

[MontyPython]

As usual, SMH.

Trump would piss on your leg and tell you it’s raining.

 

[lawgator1]

I’m not defending the tarrifs, but this argument doesn’t make sense to me. Why would the auto workers wage stay flat?

You cannot seriously think that auto workers are going to take a big pay cut, can you? Especially given the spike in inflation roundly predicted is coming given this nonsensical Trump experiment?

 

[lawgator1]

As usual, SMH.

Trump would piss on your leg and tell you it’s raining.

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