Trade Wars and Tariffs

[MontyPython]

They already did during their first term. But you’re still missing the point, intentionally.

The points you’re making about tariffs, such as raising the cost for consumers, are true about corporate tax rates.

Why would support corporate taxes, but not tariffs?

LOL. Who said I support higher corporate tax rates? Not me. Ever. I’m a small business owner bro.

 

[BowlBrother85]

Care to post 1 time that you have posted against the Biden Admin or any one hut Trump...hard to say your in the fence when you only criticize 1 side..

Can't the same thing be said about you though? You love to cast others as being politically partisan .... but it's like Fox News accusing the mainstream media of a bias. Aren't you biased yourself?

It may have happened but I don't recall you ever being critical of Donald Trump on here, but I do recall you going to extreme lengths to defend him over a number of questionable matters from his fake elector scheme, and his unsubstantiated allegations of fraud from the 2020 Presidential Election to his vast array of lies and hypocrisy over the years ....

Who are you to be demanding that someone else should prove their consistency, fairness and objectivity?

How about proving your own first ....

 

[BowlBrother85]

Trump's approval ratings are higher than ever,

That would depend on which poll that you are talking about. I believe that the best way to measure polling data, is to use an overall average of polls, such as the Real Clear Polling Presidential Average Job Approval Ratings ....

https://www.realclearpolling.com/polls/approval/donald-trump/approval-rating

On the Real Clear Polling Average Job Approval Ratings, Donald Trump is currently coming in at 47.7%, which is not higher than he has ever been, or even higher than he was a month ago. As a matter of fact, Joe Biden had a higher average job approval rating on Real Clear Polling, when he was 3 months into his term in April of 2021. It is very unusual for a President to be underwater this early into a term.

 

[FLVOL_79]

Trump's approval ratings are higher than ever,

Nope. As of this weekend they are the lowest they've been since he took office. After another stock market bloodbath this week, that is 100% his fault through his inane tariffs, it will go even lower.

 

[whodeycin85]

Can't the same thing be said about you though? You love to cast others as being politically partisan .... but it's like Fox News accusing the mainstream media of a bias. Aren't you biased yourself?

It may have happened but I don't recall you ever being critical of Donald Trump on here, but I do recall you going to extreme lengths to defend him over a number of questionable matters from his fake elector scheme, and his unsubstantiated allegations of fraud from the 2020 Presidential Election to his vast array of lies and hypocrisy over the years ....

Who are you to be demanding that someone else should prove their consistency, fairness and objectivity?

How about proving your own first ....

Difference is I've never claimed to be non partisan..I've also called Trump a POS, referred to comments heade as bad or poor..so I have mentioned things I dislike about his behavior...I've also called him a hypocrite...agian I never pretend to be non partisan.. ever..I've also wished we could do.better with candidates but believe Trump is a better POTUS despite his past...

 

[Thunder Good-Oil]

Nope. As of this weekend they are the lowest they've been since he took office. After another stock market bloodbath this week, that is 100% his fault through his inane tariffs, it will go even lower.

What method do you think would be better to bring critical supply chains to the US and therefore under our control? Do you want to be dependent on China to deliver us antibiotics and components to make our weapons function?

 

[MontyPython]

We didn't issue tarrifs against Russia. Surprise, suprise.

When pressed for why, the administration says because we don’t have enough trade with them now due to sanctions. Uh huh. But we have enough with the penguins to tarrif them ?

Trump once again acts in a manner suggesting he’s in Russia’s pocket. From just a week ago:

Pissed off' at Putin, Trump threatens tariffs on Russian oil if Moscow blocks Ukraine deal​

 

[MontyPython]

37 trillion in debt is not rich, about 1.5 trillion dollars per year just to pay interest on debt.

if I had 5 million but owed 70 million, am I rich? if I borrow 5 million just to pay the interest on the 70 million am I rich? The US has 9 trillion dollars coming due on the debt. Trump is trying to get interest rates down to refinance that 9 trillion.

The U.S. Trade Deficit - WITA

Home Previous Page Documents What is the Trade Deficit? Information Courtesy Congressional Research Service, IF11016 What is the trade deficit? The “trade deficit” generally is used to refer to...

www.wita.org

Dude this is about the most economically ignorant post I’ve read in awhile.

We’re the most wealthy country in the world with the largest economy to boot. Trumps tariffs are inflationary, so Powell - as he’s already said - is unlikely to lower interest rates. If anything, we’re facing stagflation.

Just stop with the absurd MAGA line.

 

[volsforever27]

I bet you’re a lot of fun at parties.

“You only drink white wine? Sorry I don’t hang out with bigoted skanks!”

You’re assuming she gets invited to parties.

 

[MontyPython]

Why would Trump share a link to a post accusing him of intentionally trying to crash the markets? This literally makes no sense to me.

"No, that's not so," Trump said when asked whether he's intentionally trying to crash the market. Trump on Friday raised speculation when he shared a link to a video on his social media platform, Truth Social, that claimed the president was "Purposely CRASHING The Market."

 

[Dergibvol]

What method do you think would be better to bring critical supply chains to the US and therefore under our control? Do you want to be dependent on China to deliver us antibiotics and components to make our weapons function?

Just like everything else government subsidies. If they are truly a necessity it makes much more sense. Companies make choices based on ROI and even with these tariffs many times the ROI doesn't make sense to make massive shifts in strategy unless you know the tariffs are going to stay...forever or at least an amount of time where you can compare the ROI over a long time period. It's much easier to raise prices than go through hoops to get a large manufacturing center up and running. Let's not forget I even if some of this stuff does come back, which I highly doubt, it's going to take 3-5 years minimum to get up and running.

 

[Dergibvol]

Dude this is about the most economically ignorant post I’ve read in awhile.

We’re the most wealthy country in the world with the largest economy to boot. Trumps tariffs are inflationary, so Powell - as he’s already said - is unlikely to lower interest rates. If anything, we’re facing stagflation.

Just stop with the absurd MAGA line.

The thought process here is the bond market rates will lower because everyone rushes to them for safety allowing the government to reduce its offering price. However it's comical to make this argument as rates were lower than they are now just last September. We didn't need a 15+% market correction to refinance debt but it sounds good on tiktok reels and to make it lol like Trump has an inclination of what the hell he's doing. This country has a spending problem which he's trying to fix through tariffs instead of solving the spending problem..

 

[rekinhavoc]

I don't think this will carry on very long. It's been less than a week and people are talking recession ( which is comical since the media went along with redefining a recession during Biden's term). Lot of knee jerking and chicken little activity.

I think he is doing this to get countries to the negotiating table. Why not show some patience and see how it plays out?

 

[DinkinFlicka]

I don't think this will carry on very long. It's been less than a week and people are talking recession ( which is comical since the media went along with redefining a recession during Biden's term). Lot of knee jerking and chicken little activity.

I think he is doing this to get countries to the negotiating table. Why not show some patience and see how it plays out?

Easy for you and I to ask that question.

Problem is, the amount of people who can financially weather that patience is vastly dwarfed by the amount of people who cannot.

 

[Vol8188]

LOL. Who said I support higher corporate tax rates? Not me. Ever. I’m a small business owner bro.

Just making sure. A lot of people on your side of the isle who appear to support one but not the other

 

[Thunder Good-Oil]

Just like everything else government subsidies. If they are truly a necessity it makes much more sense. Companies make choices based on ROI and even with these tariffs many times the ROI doesn't make sense to make massive shifts in strategy unless you know the tariffs are going to stay...forever or at least an amount of time where you can compare the ROI over a long time period. It's much easier to raise prices than go through hoops to get a large manufacturing center up and running. Let's not forget I even if some of this stuff does come back, which I highly doubt, it's going to take 3-5 years minimum to get up and running.

Where does “3-5 years” come from? Musk had the data center in Memphis up and running in 4 months. There are tens of thousands of shuttered production facilities all over the country to utilize.

 

[rekinhavoc]

Easy for you and I to ask that question.

Problem is, the amount of people who can financially weather that patience is vastly dwarfed by the amount of people who cannot.

I understand your point. I don't think it will last that long.

 

[MontyPython]

Where does “3-5 years” come from? Musk had the data center in Memphis up and running in 4 months. There are tens of thousands of shuttered production facilities all over the country to utilize.

So here's the main problems with the theory that manufacturers are going to rush back to the US and build here: Money, time and politics. First, it takes significant investment to build a large, efficient plant that manufactures whatever. Second, decisions to do so are not made by most big companies on a moments notice... their capital outlay time frames are usually measured in years, not weeks or even months. Lastly, the biggest factor, politics. During Trump's first term, some of our large multinational firms (e.g. Nike) went with the flow and moved most of their production from China to Vietnam. Now look where that got them. They're still getting pounded with tariffs. Moreover, based on the ever-changing noise from the Oval Office, Trump may just be wanting to force other countries to the negotiating table. If that happens, then the tariffs could disappear or the problems ameliorated. Meanwhile, if Nike decides to move manufacturing back here (highly unlikely anyway given the huge disparity in wages), then they're once again stuck holding the bag.

From what I read, most MNCs are currently taking a wait and see attitude. Which means no massive influx of manufacturing here at least for now.

 

[MurphyVol]

So here's the main problems with the theory that manufacturers are going to rush back to the US and build here: Money, time and politics. First, it takes significant investment to build a large, efficient plant that manufactures whatever. Second, decisions to do so are not made by most big companies on a moments notice... their capital outlay time frames are usually measured in years, not weeks or even months. Lastly, the biggest factor, politics. During Trump's first term, some of our large multinational firms (e.g. Nike) went with the flow and moved most of their production from China to Vietnam. Now look where that got them. They're still getting pounded with tariffs. Moreover, based on the ever-changing noise from the Oval Office, Trump may just be wanting to force other countries to the negotiating table. If that happens, then the tariffs could disappear or the problems ameliorated. Meanwhile, if Nike decides to move manufacturing back here (highly unlikely anyway given the huge disparity in wages), then they're once again stuck holding the bag.

From what I read, most MNCs are currently taking a wait and see attitude. Which means no massive influx of manufacturing here at least for now.

Wait and see us usually prudent. Imagine if all the oil producers had listened to all the people ignorant of the oil industry and drilled new rigs everywhere.

Even if you somehow magically found enough people that were willing to work on these new oil rigs, they would probably all be underwater right now with the price of oil crashing

 

[evillawyer]

 

[Carl Pickens]

Hasn't been necessary to speak out against anyone other than trump.

I understand and respect that people have different views. What I don't respect are public servants driven primary by vengeance, narcissism and ignorance - and public servants that would rather troll than be serious about "serving the public."

 

[Thunder Good-Oil]

So here's the main problems with the theory that manufacturers are going to rush back to the US and build here: Money, time and politics. First, it takes significant investment to build a large, efficient plant that manufactures whatever. Second, decisions to do so are not made by most big companies on a moments notice... their capital outlay time frames are usually measured in years, not weeks or even months. Lastly, the biggest factor, politics. During Trump's first term, some of our large multinational firms (e.g. Nike) went with the flow and moved most of their production from China to Vietnam. Now look where that got them. They're still getting pounded with tariffs. Moreover, based on the ever-changing noise from the Oval Office, Trump may just be wanting to force other countries to the negotiating table. If that happens, then the tariffs could disappear or the problems ameliorated. Meanwhile, if Nike decides to move manufacturing back here (highly unlikely anyway given the huge disparity in wages), then they're once again stuck holding the bag.

From what I read, most MNCs are currently taking a wait and see attitude. Which means no massive influx of manufacturing here at least for now.

Some things don’t need to come back. I don’t want to depend on China for penicillin. I don’t care if Vietnam makes jock straps.

Autos and agriculture seem to be way up on the list. Autos retool factories every model year. I’d think that they can ramp up quickly. Farming needs land more than buildings.

High tech (especially iPhones/Android phones, semi conductors, etc) should be here for supply chain security purposes. China is a threat to taking Taiwan and our fabless companies are way too dependent on TSM. TSM is making a significant investment to build capacity in the US. We can be choosy. We develop the IP. China steals it. Another reason to bring that stuff home. Also, those factories ought to be ideal candidates to utilize automation way more than cheap labor.

There’s even a middle ground there. Apple wants access to Chinese consumers. So making older generation phones over there to sell to them isn’t an issue IMO.

We’ve seen China nearly wipe out some of our critical industries. We can’t ever let that happen again. We also need to control their cheating and stealing. Therefore you have to pull practically every country to the negotiation table.

Do it right with sound reasons and future administrations shouldn’t unwind the initiative. No matter how much their hate for Orange Man clouds their ability to see the bipartisan benefits.

 

[Majors]

China down 10% hitting its limit down is a good thing.

 

[Wireless1]

Where does “3-5 years” come from? Musk had the data center in Memphis up and running in 4 months. There are tens of thousands of shuttered production facilities all over the country to utilize.

Government red tape has as big an impact of construction as anything. This administration appears to recognize that and make adjustments

 

[Orangeslice13]

Congress is the ultimate authority on tariffs. For whatever reason they delegated it to the president in recent years. They could pass a law revoking it all.

This is true about most of the EOs as well