Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

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Anonymous wrote:

Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

the only people who get dealt are ordinary Americans who lost a sh*t ton of money in the stock market. Trump's inside circle knew when to dump and when to buy.

The lowest 50 percent of income earners have no stocks and could care less about the 1% elitists on here and their stock losses, especially when these same people were telling them to get injected with the since pulled from the market J&J vaccine or lose their jobs when Covid hit.

You are right that the lowest 50 percent are not as affected by stock losses, but they are affected by an economy that slows down, jobs that dry up, or prices that keep going up. All this uncertainty in the economy is not going to translate into more jobs, higher salaries, or lowered prices for the lower 50 percent of folks.

US companies are now going to be able to export more to other countries like Vietnam and Singapore because of the negotiations that Bessent is going to enter into with a lot of countries to get their 10% tariffs down. A lot of people don’t get that these countries will eat a lot of the tariffs and not pass it on to the US consumer because without the American market they are toast and places like Walmart and Costco are not going to accept foreign suppliers upping costs, period.

I don’t trust morons like Lutnick. I do trust Bessent. Look up his track record. He know what he’s doing.

Finally, we will have access to Vietnam, a country with GDP smaller than Minnesota. BTW, Vietnam already has pretty low tariffs on most US imports. The exception is autos, but I’m going out on limb that people earning less than $5k a year aren’t going be buying a lot of F150s.

Vietnam may have a small GDP, but they have huge, growing, population. There may be some opportunity for exports there.

Americans, with their higher wages, find Made in the USA products more expensive than Made in Vietnam products, but somehow, you think that people in a third world country will buy more Made in USA products? Um.. ok.

It doesn't make sense to export those products. Other products, such as agricultural, are competitive assuming Vietnam isn't protecting their farmers with a tariff. We export soybean for instance.

Vietnam is a poor country. They are not going to up their imports of soybean from the US. They have a tiny population, even if it is growing. They will never consume or use that much more ag products from the US.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

the only people who get dealt are ordinary Americans who lost a sh*t ton of money in the stock market. Trump's inside circle knew when to dump and when to buy.

The lowest 50 percent of income earners have no stocks and could care less about the 1% elitists on here and their stock losses, especially when these same people were telling them to get injected with the since pulled from the market J&J vaccine or lose their jobs when Covid hit.

You are right that the lowest 50 percent are not as affected by stock losses, but they are affected by an economy that slows down, jobs that dry up, or prices that keep going up. All this uncertainty in the economy is not going to translate into more jobs, higher salaries, or lowered prices for the lower 50 percent of folks.

US companies are now going to be able to export more to other countries like Vietnam and Singapore because of the negotiations that Bessent is going to enter into with a lot of countries to get their 10% tariffs down. A lot of people don’t get that these countries will eat a lot of the tariffs and not pass it on to the US consumer because without the American market they are toast and places like Walmart and Costco are not going to accept foreign suppliers upping costs, period.

I don’t trust morons like Lutnick. I do trust Bessent. Look up his track record. He know what he’s doing.

Finally, we will have access to Vietnam, a country with GDP smaller than Minnesota. BTW, Vietnam already has pretty low tariffs on most US imports. The exception is autos, but I’m going out on limb that people earning less than $5k a year aren’t going be buying a lot of F150s.

Vietnam may have a small GDP, but they have huge, growing, population. There may be some opportunity for exports there.

Americans, with their higher wages, find Made in the USA products more expensive than Made in Vietnam products, but somehow, you think that people in a third world country will buy more Made in USA products? Um.. ok.

It doesn't make sense to export those products. Other products, such as agricultural, are competitive assuming Vietnam isn't protecting their farmers with a tariff. We export soybean for instance.

Vietnam is a poor country. They are not going to up their imports of soybean from the US. They have a tiny population, even if it is growing. They will never consume or use that much more ag products from the US.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

Yep. All those EV and EV battery factories being built under Biden are now being closed by Trump and the Republicans. 25 billion in investments by foreign and domestic car manufacturers with 200,000 job shut down. Why would anyone invest in the US with Trump as president? Trump and the Republicans clearly do not want a return to manufacturing.

[Anonymous]

This is everyone’s future.

In 2023, iPhone makers in China's Foxconn Zhengzhou factory earned an average of 26 yuan ($3.6) per hour. This translates to approximately $400 to $800 per month, or $4,800 to $9,600 per year. While some reports indicate base salaries around 2,200 yuan ($324) per month, this doesn't include overtime, bonuses, or benefits. Foxconn also recruited additional workers and offered higher wages, including a three-month full-time bonus of 8,000 yuan.

Have your children drop out of school and go work for the factories in Trump’s new economy. No free markets only state controlled business that will produce products dictated by Trump and the Republicans. Sound like communism.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

the only people who get dealt are ordinary Americans who lost a sh*t ton of money in the stock market. Trump's inside circle knew when to dump and when to buy.

The lowest 50 percent of income earners have no stocks and could care less about the 1% elitists on here and their stock losses, especially when these same people were telling them to get injected with the since pulled from the market J&J vaccine or lose their jobs when Covid hit.

You are right that the lowest 50 percent are not as affected by stock losses, but they are affected by an economy that slows down, jobs that dry up, or prices that keep going up. All this uncertainty in the economy is not going to translate into more jobs, higher salaries, or lowered prices for the lower 50 percent of folks.

US companies are now going to be able to export more to other countries like Vietnam and Singapore because of the negotiations that Bessent is going to enter into with a lot of countries to get their 10% tariffs down. A lot of people don’t get that these countries will eat a lot of the tariffs and not pass it on to the US consumer because without the American market they are toast and places like Walmart and Costco are not going to accept foreign suppliers upping costs, period.

I don’t trust morons like Lutnick. I do trust Bessent. Look up his track record. He know what he’s doing.

Finally, we will have access to Vietnam, a country with GDP smaller than Minnesota. BTW, Vietnam already has pretty low tariffs on most US imports. The exception is autos, but I’m going out on limb that people earning less than $5k a year aren’t going be buying a lot of F150s.

Vietnam may have a small GDP, but they have huge, growing, population. There may be some opportunity for exports there.

Americans, with their higher wages, find Made in the USA products more expensive than Made in Vietnam products, but somehow, you think that people in a third world country will buy more Made in USA products? Um.. ok.

It doesn't make sense to export those products. Other products, such as agricultural, are competitive assuming Vietnam isn't protecting their farmers with a tariff. We export soybean for instance.

Vietnam is a poor country. They are not going to up their imports of soybean from the US. They have a tiny population, even if it is growing. They will never consume or use that much more ag products from the US.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

And Biden and Trump both implemented tariffs but tariffs are evil when Trump does it. Facts matter.

I support tariffs and want to restore jobs and voted for Biden and didn’t vote for Trump. I’m not going to criticize policies that Trump implements off hand because he’s doing them. I would have loved for Biden to be this hard on trade.

[Anonymous]

Anonymous wrote:This is everyone’s future.

In 2023, iPhone makers in China's Foxconn Zhengzhou factory earned an average of 26 yuan ($3.6) per hour. This translates to approximately $400 to $800 per month, or $4,800 to $9,600 per year. While some reports indicate base salaries around 2,200 yuan ($324) per month, this doesn't include overtime, bonuses, or benefits. Foxconn also recruited additional workers and offered higher wages, including a three-month full-time bonus of 8,000 yuan.

Have your children drop out of school and go work for the factories in Trump’s new economy. No free markets only state controlled business that will produce products dictated by Trump and the Republicans. Sound like communism.

Sounds like socialism and I’m all in.

-Biden and Bernie voter

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

the only people who get dealt are ordinary Americans who lost a sh*t ton of money in the stock market. Trump's inside circle knew when to dump and when to buy.

The lowest 50 percent of income earners have no stocks and could care less about the 1% elitists on here and their stock losses, especially when these same people were telling them to get injected with the since pulled from the market J&J vaccine or lose their jobs when Covid hit.

You are right that the lowest 50 percent are not as affected by stock losses, but they are affected by an economy that slows down, jobs that dry up, or prices that keep going up. All this uncertainty in the economy is not going to translate into more jobs, higher salaries, or lowered prices for the lower 50 percent of folks.

US companies are now going to be able to export more to other countries like Vietnam and Singapore because of the negotiations that Bessent is going to enter into with a lot of countries to get their 10% tariffs down. A lot of people don’t get that these countries will eat a lot of the tariffs and not pass it on to the US consumer because without the American market they are toast and places like Walmart and Costco are not going to accept foreign suppliers upping costs, period.

I don’t trust morons like Lutnick. I do trust Bessent. Look up his track record. He know what he’s doing.

Finally, we will have access to Vietnam, a country with GDP smaller than Minnesota. BTW, Vietnam already has pretty low tariffs on most US imports. The exception is autos, but I’m going out on limb that people earning less than $5k a year aren’t going be buying a lot of F150s.

Vietnam may have a small GDP, but they have huge, growing, population. There may be some opportunity for exports there.

Americans, with their higher wages, find Made in the USA products more expensive than Made in Vietnam products, but somehow, you think that people in a third world country will buy more Made in USA products? Um.. ok.

It doesn't make sense to export those products. Other products, such as agricultural, are competitive assuming Vietnam isn't protecting their farmers with a tariff. We export soybean for instance.

Vietnam is a poor country. They are not going to up their imports of soybean from the US. They have a tiny population, even if it is growing. They will never consume or use that much more ag products from the US.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

And Biden and Trump both implemented tariffs but tariffs are evil when Trump does it. Facts matter.

I support tariffs and want to restore jobs and voted for Biden and didn’t vote for Trump. I’m not going to criticize policies that Trump implements off hand because he’s doing them. I would have loved for Biden to be this hard on trade.

dp.. the difference is that Biden used a scalpel strategy regarding tariffs, not a hatchet. Biden didn't tank the global economy like Trump has. Not sure how great a business man Trump is. Well, I knew he wasn't since he bankrupted four casinos.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

the only people who get dealt are ordinary Americans who lost a sh*t ton of money in the stock market. Trump's inside circle knew when to dump and when to buy.

The lowest 50 percent of income earners have no stocks and could care less about the 1% elitists on here and their stock losses, especially when these same people were telling them to get injected with the since pulled from the market J&J vaccine or lose their jobs when Covid hit.

You are right that the lowest 50 percent are not as affected by stock losses, but they are affected by an economy that slows down, jobs that dry up, or prices that keep going up. All this uncertainty in the economy is not going to translate into more jobs, higher salaries, or lowered prices for the lower 50 percent of folks.

US companies are now going to be able to export more to other countries like Vietnam and Singapore because of the negotiations that Bessent is going to enter into with a lot of countries to get their 10% tariffs down. A lot of people don’t get that these countries will eat a lot of the tariffs and not pass it on to the US consumer because without the American market they are toast and places like Walmart and Costco are not going to accept foreign suppliers upping costs, period.

I don’t trust morons like Lutnick. I do trust Bessent. Look up his track record. He know what he’s doing.

Finally, we will have access to Vietnam, a country with GDP smaller than Minnesota. BTW, Vietnam already has pretty low tariffs on most US imports. The exception is autos, but I’m going out on limb that people earning less than $5k a year aren’t going be buying a lot of F150s.

Vietnam may have a small GDP, but they have huge, growing, population. There may be some opportunity for exports there.

Americans, with their higher wages, find Made in the USA products more expensive than Made in Vietnam products, but somehow, you think that people in a third world country will buy more Made in USA products? Um.. ok.

It doesn't make sense to export those products. Other products, such as agricultural, are competitive assuming Vietnam isn't protecting their farmers with a tariff. We export soybean for instance.

Vietnam is a poor country. They are not going to up their imports of soybean from the US. They have a tiny population, even if it is growing. They will never consume or use that much more ag products from the US.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

And Biden and Trump both implemented tariffs but tariffs are evil when Trump does it. Facts matter.

I support tariffs and want to restore jobs and voted for Biden and didn’t vote for Trump. I’m not going to criticize policies that Trump implements off hand because he’s doing them. I would have loved for Biden to be this hard on trade.

dp.. the difference is that Biden used a scalpel strategy regarding tariffs, not a hatchet. Biden didn't tank the global economy like Trump has. Not sure how great a business man Trump is. Well, I knew he wasn't since he bankrupted four casinos.

+1 This question has been asked and answered over and over. Go back to literally page 1 of this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is everyone’s future.

In 2023, iPhone makers in China's Foxconn Zhengzhou factory earned an average of 26 yuan ($3.6) per hour. This translates to approximately $400 to $800 per month, or $4,800 to $9,600 per year. While some reports indicate base salaries around 2,200 yuan ($324) per month, this doesn't include overtime, bonuses, or benefits. Foxconn also recruited additional workers and offered higher wages, including a three-month full-time bonus of 8,000 yuan.

Have your children drop out of school and go work for the factories in Trump’s new economy. No free markets only state controlled business that will produce products dictated by Trump and the Republicans. Sound like communism.

Sounds like socialism and I’m all in.

-Biden and Bernie voter

Trump has imposed communism and you think Biden and Bernie are bad because you call them socialist? Go work at the factory MAGA. I am sure Fox News will be playing on the loud speakers while you work.

[Anonymous]

Markets tanking again today as they realize the Trump "pause" is actually pretty fake. He's still got 10% tariffs on everyone and 25% on Mexico and Canada. Trump is a disaster.

[Anonymous]

Anonymous wrote:Markets tanking again today as they realize the Trump "pause" is actually pretty fake. He's still got 10% tariffs on everyone and 25% on Mexico and Canada. Trump is a disaster.

It’s all part of Trump’s plan. It’s a five point plan.

1) it’s to remake the US economy in to low wage manufacturing jobs.
2) it’s negotiating tactic with no demands or goal
3) it’s to remove all tariffs and make the world like NAFTA or EU.
4) it’s to tank the economy to lower the dollar and get rid of US debt.
5) it’s to raise money through tariffs.

Great plan! Republicans are so smart to support this plan!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Markets tanking again today as they realize the Trump "pause" is actually pretty fake. He's still got 10% tariffs on everyone and 25% on Mexico and Canada. Trump is a disaster.

It’s all part of Trump’s plan. It’s a five point plan.

1) it’s to remake the US economy in to low wage manufacturing jobs.
2) it’s negotiating tactic with no demands or goal
3) it’s to remove all tariffs and make the world like NAFTA or EU.
4) it’s to tank the economy to lower the dollar and get rid of US debt.
5) it’s to raise money through tariffs.

Great plan! Republicans are so smart to support this plan!

+1

[Anonymous]

Anonymous wrote:Markets tanking again today as they realize the Trump "pause" is actually pretty fake. He's still got 10% tariffs on everyone and 25% on Mexico and Canada. Trump is a disaster.

I don't think it has anything to do with the 10% tariffs, Mexico, or Canada. The US has no credibility left as a stable economic partner. He's officially broken it and isn't going to be able to fix it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Markets tanking again today as they realize the Trump "pause" is actually pretty fake. He's still got 10% tariffs on everyone and 25% on Mexico and Canada. Trump is a disaster.

I don't think it has anything to do with the 10% tariffs, Mexico, or Canada. The US has no credibility left as a stable economic partner. He's officially broken it and isn't going to be able to fix it.

The 25% tariffs are still in place on Mexico and Canada with 104% on China plus the 25% car tax. These are the US’s biggest trading partners.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

the only people who get dealt are ordinary Americans who lost a sh*t ton of money in the stock market. Trump's inside circle knew when to dump and when to buy.

The lowest 50 percent of income earners have no stocks and could care less about the 1% elitists on here and their stock losses, especially when these same people were telling them to get injected with the since pulled from the market J&J vaccine or lose their jobs when Covid hit.

You are right that the lowest 50 percent are not as affected by stock losses, but they are affected by an economy that slows down, jobs that dry up, or prices that keep going up. All this uncertainty in the economy is not going to translate into more jobs, higher salaries, or lowered prices for the lower 50 percent of folks.

US companies are now going to be able to export more to other countries like Vietnam and Singapore because of the negotiations that Bessent is going to enter into with a lot of countries to get their 10% tariffs down. A lot of people don’t get that these countries will eat a lot of the tariffs and not pass it on to the US consumer because without the American market they are toast and places like Walmart and Costco are not going to accept foreign suppliers upping costs, period.

I don’t trust morons like Lutnick. I do trust Bessent. Look up his track record. He know what he’s doing.

Finally, we will have access to Vietnam, a country with GDP smaller than Minnesota. BTW, Vietnam already has pretty low tariffs on most US imports. The exception is autos, but I’m going out on limb that people earning less than $5k a year aren’t going be buying a lot of F150s.

Vietnam may have a small GDP, but they have huge, growing, population. There may be some opportunity for exports there.

Americans, with their higher wages, find Made in the USA products more expensive than Made in Vietnam products, but somehow, you think that people in a third world country will buy more Made in USA products? Um.. ok.

It doesn't make sense to export those products. Other products, such as agricultural, are competitive assuming Vietnam isn't protecting their farmers with a tariff. We export soybean for instance.

Vietnam is a poor country. They are not going to up their imports of soybean from the US. They have a tiny population, even if it is growing. They will never consume or use that much more ag products from the US.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

And Biden and Trump both implemented tariffs but tariffs are evil when Trump does it. Facts matter.

I support tariffs and want to restore jobs and voted for Biden and didn’t vote for Trump. I’m not going to criticize policies that Trump implements off hand because he’s doing them. I would have loved for Biden to be this hard on trade.

Omg stop lying. You’re either lying or incredibly dumb.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Markets tanking again today as they realize the Trump "pause" is actually pretty fake. He's still got 10% tariffs on everyone and 25% on Mexico and Canada. Trump is a disaster.

I don't think it has anything to do with the 10% tariffs, Mexico, or Canada. The US has no credibility left as a stable economic partner. He's officially broken it and isn't going to be able to fix it.

The 25% tariffs are still in place on Mexico and Canada with 104% on China plus the 25% car tax. These are the US’s biggest trading partners.

Seems like a great idea to punish Mexico and Canada for... no reason

This guy - this absolute moron of a cantalope brain - has the nuclear codes