Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clearly not about tariffs. It’s about eliminating trade deficits. And the only way to do that is to crater American demand. And how do you crater American demand?

Make Americans too poor to buy imported goods.

Then they are succeeding!

I've been trying to convince people to stop buying voluntarily but most people will just not stop consuming for some reason, even if they don't need new stuff.

We are addicts.

Q4 2024

"Total household debt increased by $93 billion to reach $18.04 trillion in the fourth quarter, according to the latest Quarterly Report on Household Debt and Credit. Aggregate delinquency rates ticked up 0.1 percentage point (ppt) from the previous quarter to 3.6 percent of outstanding debt in some stage of delinquency. Mortgage balances rose by $11 billion to stand at $12.61 trillion at the end of December. Transition into serious delinquency, defined as 90 or more days past due, remained stable for mortgages, but edged up for auto loans, credit cards, and HELOC balances. Auto loan balances saw an $11 billion increase to $1.66 trillion in the fourth quarter, while credit card balances increased by $45 billion from the previous quarter to reach $1.21 trillion at the end of December."

https://www.newyorkfed.org/microeconomics/hhdc

Soon, not only will we not have money to buy imported goods and domestic goods, the banks will go bankrupt too. Guess banks should have been nicer to Donnie D**chebag.

That's what I'm saying.. we are where we are due to our insatiable desire for an abundance of cheap goods. We got addicted to it.

There's a reason why walmart, started in a red state, is so successful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clearly not about tariffs. It’s about eliminating trade deficits. And the only way to do that is to crater American demand. And how do you crater American demand?

Make Americans too poor to buy imported goods.

Then they are succeeding!

I've been trying to convince people to stop buying voluntarily but most people will just not stop consuming for some reason, even if they don't need new stuff.

We are addicts.

Q4 2024

"Total household debt increased by $93 billion to reach $18.04 trillion in the fourth quarter, according to the latest Quarterly Report on Household Debt and Credit. Aggregate delinquency rates ticked up 0.1 percentage point (ppt) from the previous quarter to 3.6 percent of outstanding debt in some stage of delinquency. Mortgage balances rose by $11 billion to stand at $12.61 trillion at the end of December. Transition into serious delinquency, defined as 90 or more days past due, remained stable for mortgages, but edged up for auto loans, credit cards, and HELOC balances. Auto loan balances saw an $11 billion increase to $1.66 trillion in the fourth quarter, while credit card balances increased by $45 billion from the previous quarter to reach $1.21 trillion at the end of December."

https://www.newyorkfed.org/microeconomics/hhdc

Soon, not only will we not have money to buy imported goods and domestic goods, the banks will go bankrupt too. Guess banks should have been nicer to Donnie D**chebag.

That's what I'm saying.. we are where we are due to our insatiable desire for an abundance of cheap goods. We got addicted to it.

There's a reason why walmart, started in a red state, is so successful.

This feels too simplistic. Maybe people in red states love Walmart because it's what they can afford?

Also, I love how MAGA is now all about minimalism. Since when do they care? Since the tariffs started and Trump decided to tank the company and give more money to billionaires.

[Anonymous]

Wow.
Trump is increasing tariffs on China to 104%. What will they do with the trillions of U.S. treasuries that they hold?

https://www.foxbusiness.com/politics/white-house-says-china-missed-deadline-lift-retaliatory-tariffs-us-hike-china-tariffs-104.amp

[Anonymous]

DWL, it's like the Bowling Green Massacre all over

[Anonymous]

Anonymous wrote:DWL, it's like the Bowling Green Massacre all over with Navarro

Sorry, hit submit too soon

[Anonymous]

Anonymous wrote:Wow.
Trump is increasing tariffs on China to 104%. What will they do with the trillions of U.S. treasuries that they hold?

https://www.foxbusiness.com/politics/white-house-says-china-missed-deadline-lift-retaliatory-tariffs-us-hike-china-tariffs-104.amp

They probably won't do anything with the, Even dumping them in one day wouldn't have a lasting effect. It would be inflationary here, interest rates would rise, but the Fed would gobble them up just like they have in the past. In the end, it would hurt China much more.

[Anonymous]

Anonymous wrote:Wow.
Trump is increasing tariffs on China to 104%. What will they do with the trillions of U.S. treasuries that they hold?

https://www.foxbusiness.com/politics/white-house-says-china-missed-deadline-lift-retaliatory-tariffs-us-hike-china-tariffs-104.amp

what's the definition of insanity? Trump didn't "win" the last tariff scuffle with China, yet here he goes again

[Anonymous]

Anonymous wrote:Wow.
Trump is increasing tariffs on China to 104%. What will they do with the trillions of U.S. treasuries that they hold?

https://www.foxbusiness.com/politics/white-house-says-china-missed-deadline-lift-retaliatory-tariffs-us-hike-china-tariffs-104.amp

If they sell them then they devalue the dollar. Which is what Trump wants.

Instead they'll likely just let the yuan float.

[Anonymous]

The Ron Vara thing is wild!

[Anonymous]

Anonymous wrote:


This is what China has been doing for at least a decade, trying to get control of these minerals. It is why Trump is eager to make deals with Russia.


Rare earths are very common. There are more than enough sources in the US to last thousands of years. The refinement of rare earths is dirty low margin business that the Chinese have invested in. They keep the prices lows which keeps competitors out of the market.

Trump like you have no idea what rare earths are, how common they are and why china is the largest producer. Russia has nothing to offer the US.

+1 It is the refinement that is problematic. It's very dirty.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow.
Trump is increasing tariffs on China to 104%. What will they do with the trillions of U.S. treasuries that they hold?

https://www.foxbusiness.com/politics/white-house-says-china-missed-deadline-lift-retaliatory-tariffs-us-hike-china-tariffs-104.amp

If they sell them then they devalue the dollar. Which is what Trump wants.

Instead they'll likely just let the yuan float.

Trump does not understand what that means. He has no clue what he is doing. The Chinese and Wall Street will straighten trump out shortly.

[Anonymous]

Anonymous wrote:Wow.
Trump is increasing tariffs on China to 104%. What will they do with the trillions of U.S. treasuries that they hold?

https://www.foxbusiness.com/politics/white-house-says-china-missed-deadline-lift-retaliatory-tariffs-us-hike-china-tariffs-104.amp

They don't own trillions in treasuries, not even 1 trillions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clearly not about tariffs. It’s about eliminating trade deficits. And the only way to do that is to crater American demand. And how do you crater American demand?

Make Americans too poor to buy imported goods.

Then they are succeeding!

I've been trying to convince people to stop buying voluntarily but most people will just not stop consuming for some reason, even if they don't need new stuff.

We are addicts.

Q4 2024

"Total household debt increased by $93 billion to reach $18.04 trillion in the fourth quarter, according to the latest Quarterly Report on Household Debt and Credit. Aggregate delinquency rates ticked up 0.1 percentage point (ppt) from the previous quarter to 3.6 percent of outstanding debt in some stage of delinquency. Mortgage balances rose by $11 billion to stand at $12.61 trillion at the end of December. Transition into serious delinquency, defined as 90 or more days past due, remained stable for mortgages, but edged up for auto loans, credit cards, and HELOC balances. Auto loan balances saw an $11 billion increase to $1.66 trillion in the fourth quarter, while credit card balances increased by $45 billion from the previous quarter to reach $1.21 trillion at the end of December."

https://www.newyorkfed.org/microeconomics/hhdc

Soon, not only will we not have money to buy imported goods and domestic goods, the banks will go bankrupt too. Guess banks should have been nicer to Donnie D**chebag.

That's what I'm saying.. we are where we are due to our insatiable desire for an abundance of cheap goods. We got addicted to it.

There's a reason why walmart, started in a red state, is so successful.

This feels too simplistic. Maybe people in red states love Walmart because it's what they can afford?

Also, I love how MAGA is now all about minimalism. Since when do they care? Since the tariffs started and Trump decided to tank the company and give more money to billionaires.

such minimalism https://www.cnn.com/2025/03/16/politics/oval-office-gold-decor-trump/index.html

f these people

[Anonymous]

Anonymous wrote:Wow.
Trump is increasing tariffs on China to 104%. What will they do with the trillions of U.S. treasuries that they hold?

https://www.foxbusiness.com/politics/white-house-says-china-missed-deadline-lift-retaliatory-tariffs-us-hike-china-tariffs-104.amp

China could literally end the US as a viable economic entity with one announcement. That is what Trump is playing with.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s clearly not about tariffs. It’s about eliminating trade deficits. And the only way to do that is to crater American demand. And how do you crater American demand?

Make Americans too poor to buy imported goods.

Then they are succeeding!

I've been trying to convince people to stop buying voluntarily but most people will just not stop consuming for some reason, even if they don't need new stuff.

We are addicts.

Q4 2024

"Total household debt increased by $93 billion to reach $18.04 trillion in the fourth quarter, according to the latest Quarterly Report on Household Debt and Credit. Aggregate delinquency rates ticked up 0.1 percentage point (ppt) from the previous quarter to 3.6 percent of outstanding debt in some stage of delinquency. Mortgage balances rose by $11 billion to stand at $12.61 trillion at the end of December. Transition into serious delinquency, defined as 90 or more days past due, remained stable for mortgages, but edged up for auto loans, credit cards, and HELOC balances. Auto loan balances saw an $11 billion increase to $1.66 trillion in the fourth quarter, while credit card balances increased by $45 billion from the previous quarter to reach $1.21 trillion at the end of December."

https://www.newyorkfed.org/microeconomics/hhdc

Soon, not only will we not have money to buy imported goods and domestic goods, the banks will go bankrupt too. Guess banks should have been nicer to Donnie D**chebag.

That's what I'm saying.. we are where we are due to our insatiable desire for an abundance of cheap goods. We got addicted to it.

There's a reason why walmart, started in a red state, is so successful.

This feels too simplistic. Maybe people in red states love Walmart because it's what they can afford?

Also, I love how MAGA is now all about minimalism. Since when do they care? Since the tariffs started and Trump decided to tank the company and give more money to billionaires.

That's the point. Walmart stuff is cheap, and all made in China. Middle America (where majority voted for Trump) love Walmart.