Trade Wars and Tariffs

[rekinhavoc]

Watch: Pelosi in 1996 Assails U.S. Free Trade with China: 'Is This Reciprocal?'

In 1996, on the floor of the House, Rep. Nancy Pelosi assailed a then-bipartisan plan to give Most Favored Nation trade status to China.

www.breitbart.com

“And if there is one message that I want our colleagues to understand today and our constituents is that on this day your member of Congress could have drawn the line to say to the president of the United States do something about this U.S.-China trade relationship that is a job loser for the United States,” Pelosi said.

“And this brings us to the point that others have said, ‘Well we can’t isolate China.’ Do you think for one minute that with 10 million jobs at least and $35 billion and over $40 billion this year in a trade surplus — all those billions of dollars in surplus — that the Chinese are going to walk away?” Pelosi continued. “Where are they going to take 35 to 40 percent of their exports? Who’s going to buy them? This is what sustains the regime — the funding and the jobs. They can’t have those people out of work. They have to be worth exporting to the United States.”

Fast-forward to today, Pelosi is attacking Trump’s reciprocal tariffs set to end the nation’s decades-long free trade policy that eliminated millions of American jobs.

“Donald Trump’s reckless tariffs will cause chaos in our economy, raise prices for consumers, and hurt hardworking American families. This is not a strategy — it’s the largest tax hike on the American people in history,” Pelosi wrote on X this week."

 

[Vol8188]

And there was no financial reason for the stock to run up over $400 a share before the recent correction. Musk cozied up to Trump and got himself in the media spotlight. IMO, investors thought he would parlay that relationship to help his business. Due to his off putting personality in the media, the opposite has happened. When viewing Tesla from only their financials, the stock price has always seemed way too inflated IMO.

You can say the same about every technology stock being too inflated.

 

[Vol8188]

Watch: Pelosi in 1996 Assails U.S. Free Trade with China: 'Is This Reciprocal?'

In 1996, on the floor of the House, Rep. Nancy Pelosi assailed a then-bipartisan plan to give Most Favored Nation trade status to China.

www.breitbart.com

“And if there is one message that I want our colleagues to understand today and our constituents is that on this day your member of Congress could have drawn the line to say to the president of the United States do something about this U.S.-China trade relationship that is a job loser for the United States,” Pelosi said.

“And this brings us to the point that others have said, ‘Well we can’t isolate China.’ Do you think for one minute that with 10 million jobs at least and $35 billion and over $40 billion this year in a trade surplus — all those billions of dollars in surplus — that the Chinese are going to walk away?” Pelosi continued. “Where are they going to take 35 to 40 percent of their exports? Who’s going to buy them? This is what sustains the regime — the funding and the jobs. They can’t have those people out of work. They have to be worth exporting to the United States.”

Fast-forward to today, Pelosi is attacking Trump’s reciprocal tariffs set to end the nation’s decades-long free trade policy that eliminated millions of American jobs.

“Donald Trump’s reckless tariffs will cause chaos in our economy, raise prices for consumers, and hurt hardworking American families. This is not a strategy — it’s the largest tax hike on the American people in history,” Pelosi wrote on X this week."

View attachment 732872

In your mind is there a lack of jobs in this country?

Also, Trump did not enact “reciprocal tariffs”.

 

[walkenvol]

You can say the same about every technology stock being too inflated.

No argument that automobiles are becoming more and more technologically advanced, but Tesla is a car manufacturer who’s measured by car sales and profits same as Ford, GM, Toyota, etc.

 

[Orangeslice13]

No, I hope Trump is right. It would be better for all Americans if he's right.

But the fear is that he's wrong, and we're going to throw the gasoline of higher consumer prices on top of the already raging fire of post-Covid inflation.

Post funding ridiculous amounts of war all over the planet while screwing ourselves at every opportunity in trade for the last 4 years.

 

[rekinhavoc]

In your mind is there a lack of jobs in this country?

Also, Trump did not enact “reciprocal tariffs”.

No lack of jobs. Pointing out hypocrisy.

Pelosi is a POS.

Fascinating that the UAW is praising the tariffs. Unions are figuring out automatically checking that box for a democrat hasn't worked out too well.

Once again the Nobel Prize winning economists that politicians tout are full of sh!t. Trump can remove the tariffs at any time. Getting some of the worst trading partners to renegotiate cannot be a bad thing.

 

[lawgator1]

DOW premarket is down another 1200.

 

[MurphyVol]

No, I hope Trump is right. It would be better for all Americans if he's right.

But the fear is that he's wrong, and we're going to throw the gasoline of higher consumer prices on top of the already raging fire of post-Covid inflation.

I'll be the first to admit I'm no economist and that I've taken one economic class over 30 years ago (Made a B). So obviously I'm far from an expert.

What I would like clarity on is two things;

1. Why do we perceive ourselves as being completely out of manufacturing? We are #2 in the world and the only reason China is #1 is they have 4 times the population that we do.

2. What is the most positive outcome from the tariffs- for us, not the government. Obviously it's a national sales tax and source of revenue for the government, but how would it help us? If it makes people buy more of our stuff, we don't have enough workers to ramp up employment. If it brings some low skilled manufacturing jobs back to the US,...same story. Our birth rate continues to drop and we have a large generation of people retiring.

 

[lawgator1]

Everything is great !

This is wonderful !


MAGA crowd can't admit they made a HUGE mistake in backing Trump and are going to go down with the ship.

 

[mrorange211]

bingo

JFC imagine the cognitive dissonance to believe this complete $hit

 

[lawgator1]

JFC imagine the cognitive dissonance to believe this complete $hit

They are delusional. The worse it gets, the more they insist on making it even worse.

 

[Sandman 423]

Everything is great !

This is wonderful !


MAGA crowd can't admit they made a HUGE mistake in backing Trump and are going to go down with the ship.

Calm down there big guy. It's rarely as bad as it seems. You sound like some folks that were losing their chiz when the market dropped under President Obama and it turned out just fine.

 

[utvolpj]

Everything is great !

This is wonderful !


MAGA crowd can't admit they made a HUGE mistake in backing Trump and are going to go down with the ship.

I'm confused, should they have backed Harris? Do you honestly think we'd be in a much better place? Both parties must do a better job picking their candidates when so much is on the line

 

[lawgator1]

I'm confused, should they have backed Harris? Do you honestly think we'd be in a much better place? Both parties must do a better job picking their candidates when so much is on the line

I agree. But Trump is in a league if his own as God awful.

 

[utvolpj]

I agree. But Trump is in a league if his own as God awful.

But at least we know it's Trump doing it. With Biden and Harris the executive branch was/would have been run by unelected, unaccountable bureaucrats pulling strings from the shadows. That's even more dangerous for our country

 

[lawgator1]

But at least we know it's Trump doing it. With Biden and Harris the executive branch was/would have been run by unelected, unaccountable bureaucrats pulling strings from the shadows. That's even more dangerous for our country

The irony.

 

[Majors]

Watch: Pelosi in 1996 Assails U.S. Free Trade with China: 'Is This Reciprocal?'

In 1996, on the floor of the House, Rep. Nancy Pelosi assailed a then-bipartisan plan to give Most Favored Nation trade status to China.

www.breitbart.com

“And if there is one message that I want our colleagues to understand today and our constituents is that on this day your member of Congress could have drawn the line to say to the president of the United States do something about this U.S.-China trade relationship that is a job loser for the United States,” Pelosi said.

“And this brings us to the point that others have said, ‘Well we can’t isolate China.’ Do you think for one minute that with 10 million jobs at least and $35 billion and over $40 billion this year in a trade surplus — all those billions of dollars in surplus — that the Chinese are going to walk away?” Pelosi continued. “Where are they going to take 35 to 40 percent of their exports? Who’s going to buy them? This is what sustains the regime — the funding and the jobs. They can’t have those people out of work. They have to be worth exporting to the United States.”

Fast-forward to today, Pelosi is attacking Trump’s reciprocal tariffs set to end the nation’s decades-long free trade policy that eliminated millions of American jobs.

“Donald Trump’s reckless tariffs will cause chaos in our economy, raise prices for consumers, and hurt hardworking American families. This is not a strategy — it’s the largest tax hike on the American people in history,” Pelosi wrote on X this week."

View attachment 732872

Conservative Deomocrat Nancy is funny

 

[Majors]

Everything is great !

This is wonderful !


MAGA crowd can't admit they made a HUGE mistake in backing Trump and are going to go down with the ship.

We’re full steam ahead. Buying dips later today.

 

[Majors]

bingo

Looking that way. The short term media cycle is to create chaos, the long term is Trump was right again.

Country was running smoothly and on his way to a 2nd term before a manufactured virus was released.

 

[utvolpj]

The irony.

No clue what you mean but ok. I'm one of the few non-leftists calling out Trump errors from the get go. I want many of his efforts to succeed but his execution is severely lacking. You prefer status quo big govt which is why you're opposed. You should at least be honest about your goals

 

[volbound1700]

I guess you meant to say “corrected” since you were off almost by a factor of 3. It’s exhausting that so many folks get caught up in the political rhetoric where they attempt to mix SS & Medicare in with the rest of the federal budget as those items are collected differently and separately. Everyone working pays 15.3% of every dollar earned up to $176K into SS & Medicare. I’d bet half of working Americans pay more in that verses Federal income taxes. SS & Medicare taxes are 36% of all taxes collected by the Federal government. Assuming your pie chart is close to accurate, then there’s a 3% shortfall there that needs to get balanced. There’s easily enough waste and illogical rules in those that if corrected would make up the 3%. Besides SS&M along with interest, everything else is discretionary.

It is still our large expense and it isn't just USA. You study any nation, EU, Japan, etc. Medical expenses are there greatest government expenditure and every nation is in debt.

 

[volbound1700]

Blue State Blues: Trump Is the Greatest Democrat President Since FDR

Trump is the best Democrat to have held the office since Franklin Delano Roosevelt introduced the New Deal and fought the Second World War.

www.breitbart.com

"President Donald Trump is the best Democrat to have held the office since Franklin Delano Roosevelt introduced the New Deal and fought the Second World War.

Obviously, Trump is a Republican, and not a Democrat — at least, not officially, and not anymore. But his policies are those that many Democrats used to champion, and that many would still embrace, were it not for the fact that Trump and the Republicans are the ones backing those policies today.

"Take, for example, Trump’s reciprocal tariffs, announced on April 2nd — “Liberation Day” — in the Rose Garden. Until the Clinton era, union-friendly Democrats like Dick Gephardt would regularly argue for tariffs, and against deals like the North American Free Trade Agreement (NAFTA). Both of the major parties, in fact, were split on trade issues, but Democrats tended to lean toward protectionism. Now, they denounce Trump’s tariffs, predicting doom."

He is basically neither a Democrat or a Republican. Both parties are effectively gone now. Republicans have become MAGA and Democrats are, well you see where they are right now.

 

[mrorange211]

We’re full steam ahead. Buying dips later today.

me too but my hand will be shaking when I press the button. you seem confident Trump is right LT. I don't agree really but believe the mechanisms of govt will move against this move sooner rather than later and it will end. That's why I'm still buying.

 

[Velo Vol]

Fascinating that the UAW is praising the tariffs.

To the extent it is, we'll see how long that lasts.

 

[Velo Vol]

We’re full steam ahead. Buying dips later today.

me too but my hand will be shaking when I press the button.

Buying what?