Trade Wars and Tariffs

#4,126
#4,126
Vol8188 said:
I couldn’t imagine a more insane way of intentionally misreading data.

They’re buying more, not because they foresee increased demand in the future, but rather because they realize it’ll be cheaper to do so now than later due to the tariffs
Click to expand...
That's not accurate. I tend to believe people who do this for a living and know this stuff like the back of their hand
 
#4,127
#4,127
Vol8188 said:
Yes. We should make efforts against China and Russia. But if you’re going to do that, you need allies.

We are going after China, our allies, and the rest of the world at the same time. It’s ignorant
Click to expand...
Is making trade fair going after allies?
 
#4,128
#4,128
dalton_vol said:
That's not accurate. I tend to believe people who do this for a living and know this stuff like the back of their hand
Click to expand...

You should believe basic logic and reason. Goods are selling at an increased rate for the same reason guns sell at an increased rate under democrats.

If I tell you that you will be unable to get a good or that it will cost significantly more in the near future, that’s naturally going to increase the amount you’re willing to buy today.

That’s not a sign of a “strong economy” as this dishonest loser on Twitter is attempting to proclaim. It’s a sign of an upcoming problem that anyone with a high school level education can understand.
 
  • Like
Reactions: NorthDallas40, MontyPython and volfanhill
#4,129
#4,129
dalton_vol said:
Is making trade fair going after allies?
Click to expand...

“51st state” that’s just “making trade fair”?

And yes, publicly announcing all of this is 100% “going after allies”. We could privately negotiate with the EU, Canada, etc while continuing our public campaign against China.

But that would require discipline, reason, and logic. Things that our current tariff policy is in full opposition to.
 
  • Like
Reactions: NorthDallas40, MontyPython and tbh
#4,130
#4,130
Vol8188 said:
“51st state” that’s just “making trade fair”?

And yes, publicly announcing all of this is 100% “going after allies”. We could privately negotiate with the EU, Canada, etc while continuing our public campaign against China.

But that would require discipline, reason, and logic. Things that our current tariff policy is in full opposition to.
Click to expand...
I agree that he can do better in presenting the message, but he knows we've been screwed for decades on trade. The gov has been taking the easy road to appease wall street. I'll be patient, we have time for the economy to adjust.
 
#4,131
#4,131
dalton_vol said:
I agree that he can do better in presenting the message, but he knows we've been screwed for decades on trade. The gov has been taking the easy road to appease wall street. I'll be patient, we have time for the economy to adjust.
Click to expand...

The idea of “being screwed on trade” is a nonsense claim.

That’s not a thing.
 
  • Like
Reactions: NorthDallas40
#4,133
#4,133
FLVOL_79 said:
Those dont actually look bad. I looked for American made watches before I started buying pretty much only Omega, but I didnt really see anything. RGM has some decent looking dress watches but most are a bit on the small side for me.

Just got this new speedmaster 2 weeks ago:
View attachment 739275
Click to expand...

You have hobbit feet for hands.
 
  • Like
Reactions: Carl Pickens, NorthDallas40 and Ritzwatch
#4,136
#4,136
volbound1700 said:
It is widespread in a lot of industries. The reason that I point out Procurement is that you can see that. Granted, some of it could even go back 20+ years.

I have pointed example after example of all the major Automotive Companies struggling the last year and doing layoffs. Whether you look at BMW, Ford, GM, Nissan, Honda, Stellantis, etc. They all ran layoffs. Look all over Nashville area right now. Dollar General, Nissan, Bridgestone, Brooksdale, Phillips, Electrolux, etc. The only local company that I have heard is doing someone alright is Schneider Electric. All of them have reduced staffing, closed sites, freezed hiring, etc. These actions were occurring even before Trump was elected (I also don't think it is fair to blame Biden for all of this as this decline has been occurring for over 20+ years).

You can't compete against $ 5 per hour workers.

You idiots don't realize that if this continues, we will have to drop minimal wage out of necessity. Service Industry will go next and it is already in decline because young people don't have money to actual buy products (or houses, cars, etc.). There has been some change in Corporate philosophy towards more localization of supply, even at higher costs, for efficiency (they call it Sustainability) but it isn't a lot.

Also, I love how you point out 1960s. Go to Detroit in 1960s or Akron (Tire City) and compare with the modern era.

Frankly, the big moment that everything started to go downhill for USA was when Nixon visited China and opened them up.
Click to expand...
Let me fire up the Delorean.
 
#4,140
#4,140
SIAP…. Not necessarily a fan of DJT’s approach, but it is beginning to weigh on China. They need us. Just maybe they decide to sit at the table and discuss.

www.rfa.org

Protests by unpaid Chinese workers spread amid factory closures

Workers demand back wages from companies impacted by steep U.S. tariffs and an economic slowdown in China.
www.rfa.org www.rfa.org

How Trump tariffs have begun to bite China - The Economic Times

Despite China's attempts to downplay the impact, Trump tariffs are beginning to affect its economy, as evidenced by shrinking factory activity and potential copper shortages. In response to these economic pressures, China is creating a 'whitelist' of US-made products that will be exempted from...
m.economictimes.com m.economictimes.com
 
  • Like
Reactions: CobbVol
#4,141
#4,141
Vol737 said:
SIAP…. Not necessarily a fan of DJT’s approach, but it is beginning to weigh on China. They need us. Just maybe they decide to sit at the table and discuss.

www.rfa.org

Protests by unpaid Chinese workers spread amid factory closures

Workers demand back wages from companies impacted by steep U.S. tariffs and an economic slowdown in China.
www.rfa.org www.rfa.org

How Trump tariffs have begun to bite China - The Economic Times

Despite China's attempts to downplay the impact, Trump tariffs are beginning to affect its economy, as evidenced by shrinking factory activity and potential copper shortages. In response to these economic pressures, China is creating a 'whitelist' of US-made products that will be exempted from...
m.economictimes.com m.economictimes.com
Click to expand...
article says they haven't been paid since the first part of the year, and had benefits slashed going back to 2023. I don't see how that can blamed on the tariffs.

another one says the layoffs started in September 2024.

they give some examples from February '25, but there are a lot that predate Trump.
 
#4,142
#4,142
LouderVol said:
article says they haven't been paid since the first part of the year, and had benefits slashed going back to 2023. I don't see how that can blamed on the tariffs.

another one says the layoffs started in September 2024.

they give some examples from February '25, but there are a lot that predate Trump.
Click to expand...

That points out that they were already in trouble and the tariffs might push them over the edge.
 
#4,143
#4,143
hog88 said:
That points out that they were already in trouble and the tariffs might push them over the edge.
Click to expand...
they were in trouble back before Covid, its one of the reasons I think they released it. Covid gave them the perfect coverup. the longer we have been removed from it, the more these issues have risen back up.

if Trump had a plan of action he had stuck to from day 1, I would be more willing to give him credit on putting pressure on teh Chinese. but so much of what he has done has been reactionary, so I am less willing to give him credit when he didn't do it on purpose.
 
  • Like
Reactions: BernardKingGOAT
#4,144
#4,144
Vol737 said:
SIAP…. Not necessarily a fan of DJT’s approach, but it is beginning to weigh on China. They need us. Just maybe they decide to sit at the table and discuss.

www.rfa.org

Protests by unpaid Chinese workers spread amid factory closures

Workers demand back wages from companies impacted by steep U.S. tariffs and an economic slowdown in China.
www.rfa.org www.rfa.org

How Trump tariffs have begun to bite China - The Economic Times

Despite China's attempts to downplay the impact, Trump tariffs are beginning to affect its economy, as evidenced by shrinking factory activity and potential copper shortages. In response to these economic pressures, China is creating a 'whitelist' of US-made products that will be exempted from...
m.economictimes.com m.economictimes.com
Click to expand...
I suspect this is about more than just getting China to the table for a better trade deal with us.

China is on the brink of collapse right now, from what I can tell. There is no way they outlast the US on this. Some are claiming that Trump is destroying the US economy, but it's probably closer to the idea of pulling a band aid off. It'll probably be a complete rewrite of geo-political power as China was posturing as a bully.
 
#4,145
#4,145
dalton_vol said:
I agree that he can do better in presenting the message, but he knows we've been screwed for decades on trade. The gov has been taking the easy road to appease wall street. I'll be patient, we have time for the economy to adjust.
Click to expand...
Funny. When you say we've "been screwed", you really mean "free markets aren't fair".

We live in a global economy... you may not like it. You may want to hold your breath until you turn purple about it. But it's not gonna change it. Trump's whole concept of isolationism and "America First" are fundamentally failed concepts from the get-go. Folks like you that buy into Trump's snake oil really have no vision or concept of how the world economy works.
 
  • Like
Reactions: FLVOL_79
#4,149
#4,149
The point of the tariffs was to get parties to come to the table to discuss with the largest customer in the world. It looks like the parties are starting to come to the table ...

From the article:

In what could be a major development for both nations, Europe is reportedly preparing a €50 billion trade offer for the US and President Donald Trump. Indeed, European Union (EU) trade commissioner Maroš Šefčovič recently told The Financial Times that both sides are making “certain progress” towards a deal.

That could finalize into an agreement in the near future, as the EU commissioner has confirmed a proposal is at the ready. Indeed, Maroš Šefčovič confirmed that Europe is preparing a €50 billion trade deal for US President Trump that would eliminate the presence of the ‘Liberation Day’ tariffs.

watcher.guru

Europe is Preparing €50B Trade Offer for US President Trump

Europe is preparing a €50 billion trade deal for US President Trump, EU trade commissioner Maroš Šefčovič confirmed
watcher.guru watcher.guru
 
New posts
You must log in or register to reply here.
Advertisement

Back
Top