Trade Wars and Tariffs

#3,729
#3,729
Thunder Good-Oil said:
I doubt that he’s budged on policy. Just his unfiltered utterances. The left eats it up.

He’s right about Powell and interest rates. Lowering them reduces the deficit. Also, the tax policy of making cuts permanent will jump start growth.

But Xi is mad. And I DGAF.
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Christ man. Given the 145% tariffs on China and other stupid worldwide tariffs, lowering interest rates would likely further stoke inflation. Any gains in lower interest payments would be offset by higher prices paid by you and me. This is why Powell has wisely been sticking pat.

And there’s only one person to blame. The big orange blob. Is there a tariff today… tomorrow? Who the **** knows? Trump has no ****ing clue what the **** he’s doing.
 
#3,730
#3,730
Does Trump have an actual plan with tariffs? Let’s look at what the administration is actually doing.

So far, Trump’s tariff plan appears to be the equivalent of setting the neighborhood on fire and standing outside with a big fire truck, waiting for all the people line up and plead for help. And there’s not much to suggest the strategy goes much further than that, despite the administration’s quixotic and largely rhetorical fantasy of a bringing manufacturing back to the United States.

“The administration will say that one of the objectives of its grand economic strategy is to reindustrialize America,” said Joseba Martinez, an economics professor at London Business School. ”If that is the objective, the economic policy is internally inconsistent.”

The contradiction boils down to this: Tariffs can be a cudgel in trade talks, or they can force companies to bring operations to America, but they can’t do both at the same time. Once you start cutting deals, the cudgel loses its power. Industry leaders will quickly catch wise and, rather than spend billions upending their supply chains, work overtime to hammer out some kind of exemption.

SEE: Apple cuts a deal.
 
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#3,733
#3,733
MontyPython said:
Does Trump have an actual plan with tariffs? Let’s look at what the administration is actually doing.

So far, Trump’s tariff plan appears to be the equivalent of setting the neighborhood on fire and standing outside with a big fire truck, waiting for all the people line up and plead for help. And there’s not much to suggest the strategy goes much further than that, despite the administration’s quixotic and largely rhetorical fantasy of a bringing manufacturing back to the United States.

“The administration will say that one of the objectives of its grand economic strategy is to reindustrialize America,” said Joseba Martinez, an economics professor at London Business School. ”If that is the objective, the economic policy is internally inconsistent.”

The contradiction boils down to this: Tariffs can be a cudgel in trade talks, or they can force companies to bring operations to America, but they can’t do both at the same time. Once you start cutting deals, the cudgel loses its power. Industry leaders will quickly catch wise and, rather than spend billions upending their supply chains, work overtime to hammer out some kind of exemption.

SEE: Apple cuts a deal.
Click to expand...
you just described government to a T. I have no idea why you guys think these are solely Trump issues. the only difference with Trump is he does it to your face, all the others lie to your face, but still do the same thing. See the california fires, government puts in policy that reduces fire prevention efforts, diverts water away from fire hydrants, and then acts surprised when they can't fight the fire.

and before you call me a Trump humper or something, i agree he is a DA with no real plan, and he is hurting this country.
 
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#3,734
#3,734
MontyPython said:
Does Trump have an actual plan with tariffs? Let’s look at what the administration is actually doing.

So far, Trump’s tariff plan appears to be the equivalent of setting the neighborhood on fire and standing outside with a big fire truck, waiting for all the people line up and plead for help. And there’s not much to suggest the strategy goes much further than that, despite the administration’s quixotic and largely rhetorical fantasy of a bringing manufacturing back to the United States.

“The administration will say that one of the objectives of its grand economic strategy is to reindustrialize America,” said Joseba Martinez, an economics professor at London Business School. ”If that is the objective, the economic policy is internally inconsistent.”

The contradiction boils down to this: Tariffs can be a cudgel in trade talks, or they can force companies to bring operations to America, but they can’t do both at the same time. Once you start cutting deals, the cudgel loses its power. Industry leaders will quickly catch wise and, rather than spend billions upending their supply chains, work overtime to hammer out some kind of exemption.

SEE: Apple cuts a deal.
Click to expand...
Other than laughing at the obvious braindead Trump hatred in your post, I give you a like for the word 'cudgel'
 
#3,735
#3,735
MontyPython said:
Christ man. Given the 145% tariffs on China and other stupid worldwide tariffs, lowering interest rates would likely further stoke inflation. Any gains in lower interest payments would be offset by higher prices paid by you and me. This is why Powell has wisely been sticking pat.

And there’s only one person to blame. The big orange blob. Is there a tariff today… tomorrow? Who the **** knows? Trump has no ****ing clue what the **** he’s doing.
Click to expand...

Inflation on DollarTree crap. Oh, the humanity.

Inflation on domestic manufacturing begins with oil and energy costs. Right now oil is so cheap that the drillers are struggling to make a profit pumping it. Technology brings other costs down AND results in high level jobs.

We must start moving chip and devices away from China. If we allow them to disrupt the flow of iPhones there will be a lot of angry US consumers. Right now though we have leverage since the Chinese consumers want them as well - so they’ll continue to be produced.

The “big orange blob”. At least we know what’s motivating your nonsense. And it isn’t common sense.
 
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#3,736
#3,736
HeuperDrive said:
www.usatoday.com

President Trump says he wants 'fair deal' with China as he softens tone on tariffs

President Trump vowed his administration will reach a "fair deal" with China on trade as he floats substantially reducing tariffs on Beijing.
www.usatoday.com

gee, so much for this thread's insistence that China would surrender to Trump in a week
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But we’re upsetting our allies and heading towards isolationism.

“The White House has said more than 100 countries have reached out to the U.S. to initiate trade talks after Trump announced sweeping universal tariffs earlier this month and 18 have formally submitted proposals.”
 
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#3,741
#3,741
evillawyer said:
Is @kiddiedoc around? Wanna get his comments on us winning this trade war with China.

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Trump threatens 145% tariffs. He’s driving the US into a depression.

Trump suggests a lower tariff. He’s caving and trying to save face.

Maybe he should just hide from the public for the next 4 years and abdicate to Melanie to run the country with the auto pen.
 
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#3,742
#3,742
Thunder Good-Oil said:
Trump threatens 145% tariffs. He’s driving the US into a depression.

Trump suggests a lower tariff. He’s caving and trying to save face.

Maybe he should just hide from the public for the next 4 years and abdicate to Melanie to run the country with the auto pen.
Click to expand...
If Trump had just come in and been mean to brown and black people, he'd have been fine.
 
#3,745
#3,745
MontyPython said:
Does Trump have an actual plan with tariffs? Let’s look at what the administration is actually doing.

So far, Trump’s tariff plan appears to be the equivalent of setting the neighborhood on fire and standing outside with a big fire truck, waiting for all the people line up and plead for help. And there’s not much to suggest the strategy goes much further than that, despite the administration’s quixotic and largely rhetorical fantasy of a bringing manufacturing back to the United States.

“The administration will say that one of the objectives of its grand economic strategy is to reindustrialize America,” said Joseba Martinez, an economics professor at London Business School. ”If that is the objective, the economic policy is internally inconsistent.”

The contradiction boils down to this: Tariffs can be a cudgel in trade talks, or they can force companies to bring operations to America, but they can’t do both at the same time. Once you start cutting deals, the cudgel loses its power. Industry leaders will quickly catch wise and, rather than spend billions upending their supply chains, work overtime to hammer out some kind of exemption.

SEE: Apple cuts a deal.
Click to expand...

Based on the chaotic nature, I think it is for trade deals. If it was really about manufacturing, there would be better timing and stability to the announcements.

Granted, no one really knows but Trump.
 
#3,747
#3,747
SpaceCoastVol said:
Years ago we were driving my wife's Karman Ghia down to Florida when it developed a problem around Lake City Florida. took it to a local mechanic and they rounded up "Gator" (who was on an ankle bracelet) that said it needed a partial rebuild. Long story short, "Gator" who was supposedly the area VW expert installed the pistons backward. My wife took it for a test drive when we picked it up and she noticed it was wrong right away. SHE dug into Chiltons and discovered that the pistons did have a direction of installation and we went to court and she won. Nothing along the same lines as your story, but yours reminded me of that.

Good times.
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What are loads like on the 350? We’ve been pretty full for the most part and I’m having a hard time commuting. Seems like we had the usual post holiday smaller loads, but spring break on has been pretty solid that I can tell. And summer is right around the corner and we know people don’t stop taking vacations. If the financial crisis didn’t stop em’, a little tiff over tariffs sure won’t.
 
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#3,748
#3,748
Thunder Good-Oil said:
But we’re upsetting our allies and heading towards isolationism.

“The White House has said more than 100 countries have reached out to the U.S. to initiate trade talks after Trump announced sweeping universal tariffs earlier this month and 18 have formally submitted proposals.”
Click to expand...
That may very well be true, with a raised eyebrow.

That doesn't change the fact many of these countries are actively forming trade alliances that don't include the US. Also specifically switching away from using US currency as the de facto trade currency.
 
#3,749
#3,749
Vol737 said:
What are loads like on the 350? We’ve been pretty full for the most part and I’m having a hard time commuting. Seems like we had the usual post holiday smaller loads, but spring break on has been pretty solid that I can tell. And summer is right around the corner and we know people don’t stop taking vacations. If the financial crisis didn’t stop em’, a little tiff over tariffs sure won’t.
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Full to the gunwales. The only empty seats are because of load optimization. Still seeing lots of children in D1 seats. $20,000 each. Lots of money out there still.

I am probably not going to do any kind of fini flight because I don't want my wife in coach for 15 hours. It just isn't worth it.
 
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#3,750
#3,750
BernardKingGOAT said:
That may very well be true, with a raised eyebrow.

That doesn't change the fact many of these countries are actively forming trade alliances that don't include the US. Also specifically switching away from using US currency as the de facto trade currency.
Click to expand...

Why wouldn’t they be doing those things already? If they’re even able.

Maybe they’ll get together and provide for their own defense while they’re at it instead of free loading off of US taxpayers for their freedom.
 
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