Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

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

Yes this is a 5 year plan. There will be no change of course. The Great Leap Forward is happening!

[Anonymous]

Anonymous wrote:

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

Yes this is a 5 year plan. There will be no change of course. The Great Leap Forward is happening!

Fool, if his backers make him change course, he'll just spin it so you think it's a good thing. You haven't heard real news in probably a decade.

[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.

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.

Yes, life will be wonderful with <checks notes> zero bananas or coffee.

[Anonymous]

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

The idea that they were considering a pause was fake news.

[Anonymous]

What Trump and the republicans are doing is communism. Big government control of the economy.

[Anonymous]

Anonymous wrote:Now he wants reparations from other countries. I don’t even know where to put this post. Under the dementia thread? Under an earlier mental illness thread? Or maybe we need to start a new “Is Trump Just Plain Stupid?” thread.

This just doesn’t feel sustainable. He’s clearly not fit. He makes no sense and his sycophants keep mindlessly propping him up.

[Anonymous]

Anonymous wrote:What Trump and the republicans are doing is communism. Big government control of the economy.

This needs to be trumpeted more loudly by the media. This is literally state central planning of the economy. It would make Mao blush.

[Anonymous]

China faces losing a strategic port in the Southern Hemisphere as Australia on Friday vowed to bring Darwin Port under its ownership again.

Landbridge Group, which was awarded a 99-year lease contract to operate Darwin Port in Australia's Northern Territory in 2015, told Newsweek that "the Port is not for sale." Landbridge Group is reported to have connections to the Chinese Communist Party and the Chinese military.

[Anonymous]

Attribution: From MSN

[Anonymous]

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

They can't even get the chart right.

[Anonymous]

You don’t turn 40 years of US corporations sending manufacturing jobs overseas on a dime. There will be a lot more people on food stamps soon enough - oh wait, that program has been cut.

The reason those jobs went overseas in the first place is because wages in the U.S. are too high to maintain a profit margin on manufactured goods. And for many years, corporates also got a tax break for moving the jobs.

So as of this week, the government is demanding that corporates - whose stock prices are decimated - to build new factories immediately in the U.S. and hire people here at South Asian salaries. The manufacturing sector would need Harry Potter’s magic wand to do that.

The answer to improve American training, employment and purchasing power is education to create tech experts with good salaries at scale. But wait, education just got cut too.

If you’re hoping for a rational explanation of all this, it will be tough to find one, other than that breaking a people makes them easier to control.

[Anonymous]

Trump is going to do the same thing he does every time: he’s going to keep moving the goal posts so no one can ever end this stuff. It’s the same play he uses all of the time with congress.

Trump jumps into things and never starts anything with the end in mind. He’s a joke of a businessman and he has no strategy

[Anonymous]

Anonymous wrote:You don’t turn 40 years of US corporations sending manufacturing jobs overseas on a dime. There will be a lot more people on food stamps soon enough - oh wait, that program has been cut.

The reason those jobs went overseas in the first place is because wages in the U.S. are too high to maintain a profit margin on manufactured goods. And for many years, corporates also got a tax break for moving the jobs.

So as of this week, the government is demanding that corporates - whose stock prices are decimated - to build new factories immediately in the U.S. and hire people here at South Asian salaries. The manufacturing sector would need Harry Potter’s magic wand to do that.

The answer to improve American training, employment and purchasing power is education to create tech experts with good salaries at scale. But wait, education just got cut too.

If you’re hoping for a rational explanation of all this, it will be tough to find one, other than that breaking a people makes them easier to control.

I'd say the "answer" is to share the enormous profits that corporations reap using cost effective offshore labor with the American people. America (as a country) enabled billionaires to globalize their companies and make money. Americans should share in this wealth generation. Minimum wage should be a living wage, there should be guaranteed basic healthcare, housing, and living wage.

[Anonymous]

legit lol

[Anonymous]