Trade Wars and Tariffs

[volbound1700]

Every tax increases the cost of goods or services. Cant get rid of them altogether if you want anything done.

I have always thought the best thing to route is dividends (i.e. profit) and provide rebates for Companies spending Capital or for Hiring. This would drive growth and discourage the Billions collected in profit. People like to cry about CEOs but Shareholders are the real problem because they constantly request greater and greater profits while cutting spending inside companies and salaries.

I am not sure how you do this, but outlawing the Finance Firms that come in and buy-up companies with the goal of plundering them should be illegal. (It isn't that common but happens).

 

[titansvolsfaninga]

 

[Vol8188]

Every tax increases the cost of goods or services. Cant get rid of them altogether if you want anything done.

Help me here. Taxes and tariffs raise the cost of goods.

But you support one and not the other? What am I missing?

 

[hog88]

Those facts seem to have gone unnoticed by this administration

What could the administration do about either?

 

[Orangeslice13]

I don’t wanna ruin a good party, but over six million homeowner are behind on their mortgage and consumer debt is north of $18T, surpassing pre- financial crisis levels. This could end up being a real hootenanny.

Nothing is really going to happen. If History has taught us anything, Trump is going to talk big. Representatives from other countries will talk big. All while negotiating behind closed doors. In the end there will be tiny adjustments with both sides claiming victory and people who understand this making huge money on the market swings.


Btw, everything just went on sale

 

[Orangeslice13]

Those facts seem to have gone unnoticed by this administration

How do you think that situation developed?

 

[rekinhavoc]

https://www.usdebtclock.org/

Don't know if tariffs will work or not. Gotta do something. All those Nobel Prize economists have been pretty much full of sh!t.

 

[volbound1700]

Nothing is really going to happen. If History has taught us anything, Trump is going to talk big. Representatives from other countries will talk big. All while negotiating behind closed doors. In the end there will be tiny adjustments with both sides claiming victory and people who understand this making huge money on the market swings.


Btw, everything just went on sale

I think a few of the low cost Asian Tariffs may stick around, notably China and probably India (we may reduce India but keep something).

 

[lawgator1]

Help me here. Taxes and tariffs raise the cost of goods.

But you support one and not the other? What am I missing?

I wouldn't support a randomized 20 to 30 percent tax increase on all Americans, authored by one individual, using a fabricated calculation, who then gives a disjointed, meandering, speech how great he is for an hour.

Would you?

 

[Matt2496]

Well 1930s tends to be more what I am thinking and I get that vibe. We won't exactly have the same players or parties but the economic challenges will lead to radicalization and growth of Communist and Fascist regimes similar to 1930s.

No one will 100% emulate Nazi Germany or Stalin's Russia because they are recognized as bad regimes. It will be something new.

I completely agree. I think this, coupled with the unfettered immigration issues in Europe has created a hotbed for dictatorships to arise again, probably in the next 50-100 years or sooner.

 

[NEO]

I can 100 percent state the banking and insurance industries are prepping for a full collapse. In my 20 plus years in the industry I have never seen the actuaries freaking out like this. I was in the industry during the bush collapse and this eclipses that by 10 fold and I am only saying this because I’ve chatted with some of you for decades now and I’m personally nervous. I am not an economist nor gonna pretend to be one. This change occurred last spring prior to Trump and the tightening has gotten anaconda level at this point.

 

[volbound1700]

I completely agree. I think this, coupled with the unfettered immigration issues in Europe has created a hotbed for dictatorships to arise again, probably in the next 50-100 years or sooner.

Scary thing, I think USA is a hotbed for it as well. I also think both European and US governments have eroded civil rights over time to the point that the door is open.

 

[volbound1700]

I can 100 percent state the banking and insurance industries are prepping for a full collapse. In my 20 plus years in the industry I have never seen the actuaries freaking out like this. I was in the industry during the bush collapse and this eclipses that by 10 fold and I am only saying this because I’ve chatted with some of you for decades now and I’m personally nervous. I am not an economist nor gonna pretend to be one. This change occurred last spring prior to Trump and the tightening has gotten anaconda level at this point.

I am nervous too, I think it was a pre-Trump issue but I am not sure Trump is helping right now...

I also don't think USA is the only one with problems.

 

[rekinhavoc]

GM to Expand Production at Indiana Plant Thanks to Trump's Auto Tariffs

GM plans to expand production at one of its plants in Indiana thanks to President Donald Trump's tariffs on foreign-made cars.

www.breitbart.com

"As Breitbart News reported, the United Auto Workers (UAW) have praised Trump’s auto tariffs as a necessary tool to end the nation’s decades-long free trade policy that has “devastated” American auto workers.

“We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working class communities for decades,” UAW President Shawn Fain said. “Ending the race to the bottom in the auto industry starts with fixing our broken trade deals, and the Trump administration has made history with today’s actions.”

 

[BernardKingGOAT]

How do you think that situation developed?

Years and years of cheap debt

 

[Vol8188]

I wouldn't support a randomized 20 to 30 percent tax increase on all Americans, authored by one individual, using a fabricated calculation, who then gives a disjointed, meandering, speech how great he is for an hour.

Would you?

No. And I honestly need to get caught up on exactly what Trump has done over the last 24-48 hours. I only support tariffs as political leverage. Not as a general policy. I also support tariffs against adversaries (Russia, China, Iran, etc) and anyone who purchases their products (China is a bit harder because everyone purchases their products)

If your point is simply that Trump has all around done a poor job with this (implementation, marketing/selling the idea to people, execution, etc) agreed.

But I still feel like you support raising the cost of goods for the poor, as long as it’s done through taxation.

I oppose both for the most part

 

[hog88]

I am nervous too, I think it was a pre-Trump issue but I am not sure Trump is helping right now...

I also don't think USA is the only one with problems.

The world has been teetering on the edge of a depression since Covid, governments borrowing (printing) and spending money is about the only reason we haven't gone over the edge.

 

[hog88]

Scary thing, I think USA is a hotbed for it as well. I also think both European and US governments have eroded civil rights over time to the point that the door is open.

I've posted several times that we'll end up Balkanizing or under a one party authoritarian rule within the next 50-75 years.

 

[mrorange211]

Every product coming out of Russia is already sanctioned. No need for a tariff.

 

[mrorange211]

I can 100 percent state the banking and insurance industries are prepping for a full collapse. In my 20 plus years in the industry I have never seen the actuaries freaking out like this. I was in the industry during the bush collapse and this eclipses that by 10 fold and I am only saying this because I’ve chatted with some of you for decades now and I’m personally nervous. I am not an economist nor gonna pretend to be one. This change occurred last spring prior to Trump and the tightening has gotten anaconda level at this point.

Probably a good time to raise as much cash as you can based on this post.

 

[volbound1700]

The world has been teetering on the edge of a depression since Covid, governments borrowing (printing) and spending money is about the only reason we haven't gone over the edge.

I think that played a part as well but I think there are bigger and broader issues. Here is what I put it up to:

1. Companies push towards profit but not investing enough to modernize processes, equipment, and hire enough employees
2. Automation putting people out of work
3. Low-Labor putting people out of work (moving of manufacturing to East Asia)
4. Over regulation (notably in its impact in constant rising Insurance Premiums)
5. Higher Utility Costs
6. Increase in costs of home ownership
7. Aging populations and high cost of Medical Care
8. Poor leadership in high-level positions in both Government, Corporate America, and Higher Academia
9. Rising Crime and decline in family structure
10. Overdevelopment and overpopulation

I think all these issues have not just impacted USA but the entire globe. The USA burning through costs on senseless wars also didn't help.

 

[Orangeburst]

The world has been teetering on the edge of a depression since Covid, governments borrowing (printing) and spending money is about the only reason we haven't gone over the edge.

The pols have become so averse to the normal business cycles of recession, which are normally mild and healthy, that we bout to get the mega version..

 

[volbound1700]

Probably a good time to raise as much cash as you can based on this post.

I am sometimes wondering if buying physical goods might be better if USD value continues to decline. It would have to be a good that doesn't depreciate and would gain value. Land might be the best investment.

 

[McDad]

I can 100 percent state the banking and insurance industries are prepping for a full collapse. In my 20 plus years in the industry I have never seen the actuaries freaking out like this. I was in the industry during the bush collapse and this eclipses that by 10 fold and I am only saying this because I’ve chatted with some of you for decades now and I’m personally nervous. I am not an economist nor gonna pretend to be one. This change occurred last spring prior to Trump and the tightening has gotten anaconda level at this point.

@BowlBrother85
@Carl Pickens

My bank has their panties in a twist too. I've got a whole new level of scrutiny on my loans. She mentioned recession.

 

[BernardKingGOAT]

What could the administration do about either?

What about a little forethought and prudence before implementing any drastic policy changes? Far too much indecisiveness from day to day on economic issues