Trade Wars and Tariffs

[NorthDallas40]

Charlie Gasparino on Fox Business right now keeps responding to questions on Trump’s tariffs with TACO and it’s all the other four can do to control their emotions and not leap across the table and claw his eyes out

 

[DinkinFlicka]

Imagine tanking NVDA's stock for months, and then when it finally gets past its pre-tariff ATH, you take credit for it.

Stock would be at 200 by now if dipsh*t didn't mash his new favorite button.

 

[Vol737]

Charlie Gasparino on Fox Business right now keeps responding to questions on Trump’s tariffs with TACO and it’s all the other four can do to control their emotions and not leap across the table and claw his eyes out

Charlie’s a pretty straight shooter from what I can tell, too. I’m not understanding how we supposedly reach a deal with X country and days later Trump goes back to imposing a 35% tariff on same country. So, either there wasn’t a deal to begin with or he’s just impossible to do business with because you don’t know that he will live up to an agreement. He needs to pick a lane and stay in it. Either tariff the shizz out of them or don’t, but stop with the jerking everyone around. It’s accomplishing nothing.

 

[NorthDallas40]

Charlie’s a pretty straight shooter from what I can tell, too. I’m not understanding how we supposedly reach a deal with X country and days later Trump goes back to imposing a 35% tariff on same country. So, either there wasn’t a deal to begin with or he’s just impossible to do business with because you don’t know that he will live up to an agreement. He needs to pick a lane and stay in it. Either tariff the shizz out of them or don’t, but stop with the jerking everyone around. It’s accomplishing nothing.

Charlie is one of the few left on Fox Business that I’ll pretty much take at face value on what he says. I used to do the same for Charles Payne but he’s showing strong signs of Trump homerism these days. That’s too bad.

 

[rekinhavoc]

https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-surplus-in-june-as-tariff-receipts-surge.html

"The government last posted a June surplus in 2017, during President Donald Trump’s first term."

 

[Thunder Good-Oil]

View attachment 754649


Imagine tanking NVDA's stock for months, and then when it finally gets past its pre-tariff ATH, you take credit for it.

Stock would be at 200 by now if dipsh*t didn't mash his new favorite button.

NVDA is up almost 20% since Biden left office. It’s up about 70% from the fake tariff crash low.

 

[NorthDallas40]

NVDA is up almost 20% since Biden left office. It’s up about 70% from the fake tariff crash low.

The fake tariff crash low? LMAO that’s some water carrying revisionist history right there!! The “crash” was directly related to the idiotic tariffs and once Trump quickly crawfished them back the stock recovered. That’s it. We’re gonna see if history repeats itself in about three weeks.

 

[Thunder Good-Oil]

The fake tariff crash low? LMAO that’s some water carrying revisionist history right there!! The “crash” was directly related to the idiotic tariffs and once Trump quickly crawfished them back the stock recovered. That’s it. We’re gonna see if history repeats itself in about three weeks.

If it was a real crash how come equity averages are making all time highs today? It took the NASDAQ 15 years to recover from the dot com bubble.

No water carrying. Just taking a look at my stock holdings.

Crawfished back? Which countries aren’t having tariffs applied on their exports to the US?

 

[EasternVol]

They’re lucky that just fair trade is the goal and we’re not exploiting our economic superiority to make them pay as much as possible. Maybe with the speed that they quickly agree to terms they understand. Everybody that’s not an American is missing President Autopen.

If only fair trade was the goal, but the goal is to eliminate trade deficits country by country. That's not the same.

 

[NorthDallas40]

If it was a real crash how come equity averages are making all time highs today? It took the NASDAQ 15 years to recover from the dot com bubble.

No water carrying. Just taking a look at my stock holdings.

Crawfished back? Which countries aren’t having tariffs applied on their exports to the US?

Because … TACO! That’s why. I said it in the original post. Yes, that’s actually the reason.

We’ll see if TACO kicks in again in three weeks but if it doesn’t we’ll reexamine those all time highs and your portfolio.

And the dot com bubble wasn’t cause by an idiotic policy that could immediately be rolled back during a healthy market period. What a weak stupid ass comparison.

 

[Thunder Good-Oil]

Because … TACO! That’s why. I said it in the original post. Yes, that’s actually the reason.

We’ll see if TACO kicks in again in three weeks but if it doesn’t we’ll reexamine those all time highs and your portfolio.

And the dot com bubble wasn’t cause by an idiotic policy that could immediately be rolled back during a healthy market period. What a weak stupid ass comparison.

The dot com bubble was irrational behavior by investors. Much like the unhinged selling of equity securities in the spring was.

 

[dalton_vol]

Market share is important ...

From the article:

Japan’s automakers slashed the price of products exported to the United States at record pace, in a sign that companies are sacrificing profits to remain competitive as President Donald Trump’s tariffs hit cars.

The data adds to signs that Japanese automakers are trying to avoid a major price increase to remain competitive in the US, even after Mr Trump began to impose 25 per cent auto tariffs in early April.

Japan’s carmakers slash price of exports to US to offset tariff hit

Export price index for vehicles shipped to North America plunged 19.4% from a year earlier in June. Read more at straitstimes.com. Read more at straitstimes.com.

www.straitstimes.com

So it sounds like a supply and demand issue?

 

[Thunder Good-Oil]

If only fair trade was the goal, which is to eliminate trade deficits country by country. That's not the same.

There are lots of goals. Case by case. Product by product. Country by country.

I said “just fair trade” as a goal meaning the rates in bilateral negotiations. There are other goals. Kicking China’s ass for their behavior is a yuge one.

 

[EasternVol]

There are lots of goals. Case by case. Product by product. Country by country.

I said “just fair trade” as a goal meaning the rates in bilateral negotiations. There are other goals. Kicking China’s ass for their behavior is a yuge one.

Right, so the goal's not fair trade. Are we going product by product though? What I still see is one rate per country.

 

[EasternVol]

Because it’s a critical industrial input and in just 10 years domestically produced copper has fallen from 70% to 50%. We can’t afford to be reliant on imports accounting for half of our needs. We should have been increasing that 70% to 80% or 90%. Feeling giddy?

Why did the share fall to 50% though? It seems like that diagnosis is needed before the cure is prescribed.

 

[volbeast33]

Charlie’s a pretty straight shooter from what I can tell, too. I’m not understanding how we supposedly reach a deal with X country and days later Trump goes back to imposing a 35% tariff on same country. So, either there wasn’t a deal to begin with or he’s just impossible to do business with because you don’t know that he will live up to an agreement. He needs to pick a lane and stay in it. Either tariff the shizz out of them or don’t, but stop with the jerking everyone around. It’s accomplishing nothing.

Trump’s negotiating style is the same every time. He went tell what is his actual goal. He will make bigger claims than he is actually willing to accept. He puts pressure others by keeping them wondering what he will do next. Unpredictability is his strength. I have no idea why he increases or decreases Tariffs bc I'm not privy to those discussions. TACO is stupid.

 

[Thunder Good-Oil]

Right, so the goal's not fair trade. Are we going product by product though? What I still see is one rate per country.

I think that farm equipment might be zero.

The trade deficits are an issue. But they’re not nearly as big as growing our economy. Bringing domestic manufacturing has lots of benefits. High paying engineering jobs which grows the tax base. I’m not sure how allowing 1-10 trade imbalances without a tariff helps business here. Security issues such as rare earths and medicine are other issues. The tariffs seem to be successful at addressing these things.

Vietnam can keep making our underwear and they’ll also kick in billions to work on addressing the $36T ND. But there are behaviors to be addressed as well. Using the Pacific Ocean as a landfill. Enabling China. Exploiting labor.

 

[Thunder Good-Oil]

Why did the share fall to 50% though? It seems like that diagnosis is needed before the cure is prescribed.

I’d guess dumping and state sponsored production. You can’t give up supply chain market share for critical raw materials and have our economic well being dependent on communists and pure form socialists.

 

[NorthDallas40]

The dot com bubble was irrational behavior by investors. Much like the unhinged selling of equity securities in the spring was.

The dot com bust was an unhealthy market paying the bill when called due. April was a healthy market needlessly thrown into uncertainty by idiotic baseless trade policy based on a lack of understanding of trade imbalances vs reciprocal tariffs. And the latter part is still happening, you carry that idiotic water here in fact, so it’s likely we’re gonna get more needless stupidity based uncertainty in the near term until the orange one finally gives up and declares a hollow victory.

 

[dalton_vol]

 

[EasternVol]

I think that farm equipment might be zero.

The trade deficits are an issue. But they’re not nearly as big as growing our economy. Bringing domestic manufacturing has lots of benefits. High paying engineering jobs which grows the tax base. I’m not sure how allowing 1-10 trade imbalances without a tariff helps business here. Security issues such as rare earths and medicine are other issues. The tariffs seem to be successful at addressing these things.

Vietnam can keep making our underwear and they’ll also kick in billions to work on addressing the $36T ND. But there are behaviors to be addressed as well. Using the Pacific Ocean as a landfill. Enabling China. Exploiting labor.

I agree that domestic production has important benefits, and as long as the goods can be sold at a competitive price with fair trade and the workers make a living wage it's all good.
We'd have to see why there's a 1-10 trade imbalance with a country before we'd know if it's tolerable or not. In some cases that might be fine and in some cases not.
Tariffs can be a useful tool when applied analytically. Trump's monkey throwing crap at everything approach is counterproductive overall though.

 

[Thunder Good-Oil]

The dot com bust was an unhealthy market paying the bill when called due. April was a healthy market needlessly thrown into uncertainty by idiotic baseless trade policy based on a lack of understanding of trade deficits vs reciprocal tariffs. And the latter part is still happening, you carry that idiotic water here in fact, so it’s likely we’re gonna get more needless stupidity based uncertainty in the near term until the orange one finally gives up and declares a hollow victory.

You don’t think that fear of an overdue recession or the Fed sitting on rate cuts had anything to do with the retracement? I wouldn’t exactly call it a healthy market. If it was a flawed tariffs policy then the recovery wouldn’t have happened in just a couple of weeks.

Equities are priced based on earnings and multiples. The multiples are historically high. Optimism over future profits is what is fueling the pricey multiples.

Dot com was a misguided understanding of the internet, the miscalculation of the speed of its buildout, and things like China dumping fiber optic components on our infrastructure markets.

 

[NorthDallas40]

You don’t think that fear of an overdue recession or the Fed sitting on rate cuts had anything to do with the retracement? I wouldn’t exactly call it a healthy market. If it was a flawed tariffs policy then the recovery wouldn’t have happened in just a couple of weeks.

Equities are priced based on earnings and multiples. The multiples are historically high. Optimism over future profits is what is fueling the pricey multiples.

Dot com was a misguided understanding of the internet, the miscalculation of the speed of its buildout, and things like China dumping fiber optic components on our infrastructure markets.

Oh I’d call it a healthy market. That’s why it withstood Trump’s idiotic tariff uncertainty attack.

You’ve said it yourself. The markets are forward looking. And looking forward with idiotic large tariff based uncertainty impacting profit margins and fueling inflation are absolutely going to cause a pullback. Just like it did in April until Trump crawfished his tariffs back.

 

[Thunder Good-Oil]

Oh I’d call it a healthy market. That’s why it withstood Trump’s idiotic tariff uncertainty attack.

You’ve said it yourself. The markets are forward looking. And looking forward with idiotic large tariff based uncertainty impacting profit margins and fueling inflation are absolutely going to cause a pullback. Just like it did in April until Trump crawfished his tariffs back.

Clawback? The administration set an extremely high initial rate and now is negotiating for fair trade. Case by case. Country by country. Those that we have other issues are being forced to address those as well or have high tariff rates to deal with. They all seem to be acquiescing. They understand that the US has much leverage and fair trade isn’t taking advantage of them like so many have a history of taking advantage of our generosity.

Overbought markets for sure. Any appreciation from here while waiting out lower interest rates and higher earnings isn’t necessarily unhealthy. It’s simply a market.

I don’t think it’s an idiotic uncertainty ATTACK. It’s using our leverage to improve our economy. On the other hand, BRICS is an example of a targeted attack. Some need to be reminded that we’re still the big dog and are able to take much more of what we’re giving them away from them. No other country is going to look out for us.

 

[NorthDallas40]

Clawback? The administration set an extremely high initial rate and now is negotiating for fair trade. Case by case. Country by country. Those that we have other issues are being forced to address those as well or have high tariff rates to deal with. They all seem to be acquiescing. They understand that the US has much leverage and fair trade isn’t taking advantage of them like so many have a history of taking advantage of our generosity.

Overbought markets for sure. Any appreciation from here while waiting out lower interest rates and higher earnings isn’t necessarily unhealthy. It’s simply a market.

I don’t think it’s an idiotic uncertainty ATTACK. It’s using our leverage to improve our economy. On the other hand, BRICS is an example of a targeted attack. Some need to be reminded that we’re still the big dog and are able to take much more of what we’re giving them away from them. No other country is going to look out for us.

There is literally no amount of water you won’t carry for Trump is there?