Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Acknowledging the lousy economics of these blanket tariffs, it seems like there will be very disparate impacts across different industries. Those that will benefit directly must:
- have short, domestic supply chains;
- have inelastic demand relative to price;
- be able to get domestic production up and running relatively quickly.

Any thoughts on winners and losers here? A potential winners might be the domestic wine & beer industry - South American and Australian wines have gobbled market share based on low cost. Seems an easy reach to produce more domestic wine. Furniture might be another. The Carolinas used to produce large quantities before cheap Chinese imports took away their market.

Do you have any idea how long it takes to get a furniture factory up and running?

I’d love good quality American furniture again.

There’s plenty of good quality American furniture available. Why aren’t you buying it?

Because it’s not as cheap as the stuff made in Indonesia or Vietnam.

There are two reasons the US lost its manufacturing base: consumers demanding cheap goods and greedy corporations looking to increase profits.

Yeah the whole reason you need a marketing campaign for "buy American" is because there isn't as much selection and the prices are higher - so you have to convince people to get over those two humps.

Won't it be wonderful when we don't have any choice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Acknowledging the lousy economics of these blanket tariffs, it seems like there will be very disparate impacts across different industries. Those that will benefit directly must:
- have short, domestic supply chains;
- have inelastic demand relative to price;
- be able to get domestic production up and running relatively quickly.

Any thoughts on winners and losers here? A potential winners might be the domestic wine & beer industry - South American and Australian wines have gobbled market share based on low cost. Seems an easy reach to produce more domestic wine. Furniture might be another. The Carolinas used to produce large quantities before cheap Chinese imports took away their market.

Do you have any idea how long it takes to get a furniture factory up and running?

I’d love good quality American furniture again.

There’s plenty of good quality American furniture available. Why aren’t you buying it?

Because it’s not as cheap as the stuff made in Indonesia or Vietnam.

There are two reasons the US lost its manufacturing base: consumers demanding cheap goods and greedy corporations looking to increase profits.

+1 do they really think that most of America's buying habits and insatiable desire for cheap goods will change?

There will be less choices for goods, and it will now cost more. That's populism, not capitalism.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Acknowledging the lousy economics of these blanket tariffs, it seems like there will be very disparate impacts across different industries. Those that will benefit directly must:
- have short, domestic supply chains;
- have inelastic demand relative to price;
- be able to get domestic production up and running relatively quickly.

Any thoughts on winners and losers here? A potential winners might be the domestic wine & beer industry - South American and Australian wines have gobbled market share based on low cost. Seems an easy reach to produce more domestic wine. Furniture might be another. The Carolinas used to produce large quantities before cheap Chinese imports took away their market.

Do you have any idea how long it takes to get a furniture factory up and running?

I’d love good quality American furniture again.

There’s plenty of good quality American furniture available. Why aren’t you buying it?

Because it’s not as cheap as the stuff made in Indonesia or Vietnam.

There are two reasons the US lost its manufacturing base: consumers demanding cheap goods and greedy corporations looking to increase profits.

+1 do they really think that most of America's buying habits and insatiable desire for cheap goods will change?

There will be less choices for goods, and it will now cost more. That's populism, not capitalism.

I mean, ha ha, these MAGA idiots just became Bernie bros, I guess. Except without the targeted support for the industries they'd like to see thrive - and without government healthcare. So sort of a worst case scenario here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Acknowledging the lousy economics of these blanket tariffs, it seems like there will be very disparate impacts across different industries. Those that will benefit directly must:
- have short, domestic supply chains;
- have inelastic demand relative to price;
- be able to get domestic production up and running relatively quickly.

Any thoughts on winners and losers here? A potential winners might be the domestic wine & beer industry - South American and Australian wines have gobbled market share based on low cost. Seems an easy reach to produce more domestic wine. Furniture might be another. The Carolinas used to produce large quantities before cheap Chinese imports took away their market.

Do you have any idea how long it takes to get a furniture factory up and running?

I’d love good quality American furniture again.

There’s plenty of good quality American furniture available. Why aren’t you buying it?

Because it’s not as cheap as the stuff made in Indonesia or Vietnam.

There are two reasons the US lost its manufacturing base: consumers demanding cheap goods and greedy corporations looking to increase profits.

+1 do they really think that most of America's buying habits and insatiable desire for cheap goods will change?

There will be less choices for goods, and it will now cost more. That's populism, not capitalism.

I mean, ha ha, these MAGA idiots just became Bernie bros, I guess. Except without the targeted support for the industries they'd like to see thrive - and without government healthcare. So sort of a worst case scenario here.

Where is the SMDH emoji? These people are the dumbest.

[Anonymous]

The External Revenue Service will be collecting billions and billions of money to help balance the budget and reduce our debt. Thank you 47 for the foresight in seeing what dcum can't

[Anonymous]

Anonymous wrote:The External Revenue Service will be collecting billions and billions of money to help balance the budget and reduce our debt. Thank you 47 for the foresight in seeing what dcum can't

Thank you. Please go collect your kool aid.

[Anonymous]

Anonymous wrote:The External Revenue Service will be collecting billions and billions of money to help balance the budget and reduce our debt. Thank you 47 for the foresight in seeing what dcum can't

That's ... not a thing.

[Anonymous]

The ERS is forthcoming

https://www.cbsnews.com/news/trump-tariffs-external-revenue-service/

[Anonymous]

Anonymous wrote:The External Revenue Service will be collecting billions and billions of money to help balance the budget and reduce our debt. Thank you 47 for the foresight in seeing what dcum can't

Those billions will be from consumers who have been complaining about high prices for years.

[Anonymous]

Anonymous wrote:The ERS is forthcoming

https://www.cbsnews.com/news/trump-tariffs-external-revenue-service/

You missed the point. For an administration obsessed with waste and government efficiency, it’s weird that they don’t know an organization has already existed to collect tariff monies for the last oh two hundred years.

[Anonymous]

Anonymous wrote:The External Revenue Service will be collecting billions and billions of money to help balance the budget and reduce our debt. Thank you 47 for the foresight in seeing what dcum can't

Bring this stupid should cause physical pain.

[Anonymous]

Let’s pray this is true and it actually happens.

[Anonymous]

Anonymous wrote:Let’s pray this is true and it actually happens.

Jesus Christ - I curse every single person responsible for putting this man in charge.

[Anonymous]

It is not true. It was a weird X rumor that took off. There is no pause planned.

[Anonymous]

Maybe I'm just trying to read the tea leaves in Trump's "tweets" but I feel like we might be starting to see a pivot. If this is a negotiation, it might not be unexpected at this point.

I've heard nothing about the US getting rid of its tariffs though.