Trump tariffs: ruin U.S. economy until 2040

Anonymous
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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.


Everyone agrees that tafiffs used as a scalpel can be effective. That isn't what Trump is doing. Nuance is important.


No the government never get involved in the free markets.


Free markets are a myth. Every market is rigged in some way - price fixing, collusion, cartels, monopolies, fraud, bribery, extortion, corruption, exploitation, etc. The one thing business owners agree on is that none of them want free market competition based on quality, price, and value, with transparency and accountability.


Yes when republicans are in control there are no free markets.
Anonymous
U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.
Anonymous
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.


I think it's Japan that's doing most of the selling today. When treasuries are no longer seen as a safe haven, it's a much bigger problem than a sinking stock market. Quite the problem Republicans have created.
Anonymous
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.


He always does. He only plays a tough guy on TV.
Anonymous
Anonymous wrote:
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.


I think it's Japan that's doing most of the selling today. When treasuries are no longer seen as a safe haven, it's a much bigger problem than a sinking stock market. Quite the problem Republicans have created.


Japan’s finance minister said a couple of days ago that they were not going to sell off bonds to pressure Trump. I believe them. I think it’s a combo of hedge funds and China. In either case, it’s definitely a problem. Trump might shrug off the stock market dips, but he can’t ignore the effect the bond market would have every aspect of main st in the U.S.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.


I think it's Japan that's doing most of the selling today. When treasuries are no longer seen as a safe haven, it's a much bigger problem than a sinking stock market. Quite the problem Republicans have created.


Japan’s finance minister said a couple of days ago that they were not going to sell off bonds to pressure Trump. I believe them. I think it’s a combo of hedge funds and China. In either case, it’s definitely a problem. Trump might shrug off the stock market dips, but he can’t ignore the effect the bond market would have every aspect of main st in the U.S.


Unfortunately Trump has proven adept at ignoring all kinds of real world consequences. And the GOP in Congress sits by adding trillions to the deficit.
Anonymous
Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt
Anonymous
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“As they bring us their best offers” = best bribes.
Anonymous
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.

America could have dealt with Japan earlier, but instead waited until Pearl Harbor.
Anonymous
Anonymous wrote:
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.

America could have dealt with Japan earlier, but instead waited until Pearl Harbor.

What is your point? We need to economically cripple China? (Which we can’t do without economically crippling the US)

Here’s a plan. Let China alone on its internal policies and human rights. Contain expansionism via alliances with other SE Asian countries. Continue trade with China to improve bilateral relations. Normal diplomacy and acting like rational adults.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.

America could have dealt with Japan earlier, but instead waited until Pearl Harbor.

What is your point? We need to economically cripple China? (Which we can’t do without economically crippling the US)

Here’s a plan. Let China alone on its internal policies and human rights. Contain expansionism via alliances with other SE Asian countries. Continue trade with China to improve bilateral relations. Normal diplomacy and acting like rational adults.


Yeah, I don’t think any scolding from the US right now is going to go over well, since they can throw it right back in our faces, quite unfortunately.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:U.S. 30-YEAR TREASURY YIELDS RISE TO 4.95%, BIGGEST WEEKLY INCREASE SINCE 1982.


for those who need a translation, China is dumping US paper and is set to destroy the US economically unless Trump blinks.

America could have dealt with Japan earlier, but instead waited until Pearl Harbor.

What is your point? We need to economically cripple China? (Which we can’t do without economically crippling the US)

Here’s a plan. Let China alone on its internal policies and human rights. Contain expansionism via alliances with other SE Asian countries. Continue trade with China to improve bilateral relations. Normal diplomacy and acting like rational adults.


Oh, you mean like the TPP which Trump pulled the US out of in 2017 as one of hist first, first-term acts? Ya, that did China a huge solid favor.
Anonymous
Donald caved. Again! Now he’s asking Xi to call him. Art of the deal my a$$
Anonymous
Masterful gambit, sir.
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