Every day is a joke with this administration |
Well it’s too late. Trump has baked in 20-25 percent inflation in food prices with his stupidity already. |
Our trade imbalance, because of our strong dollar, benefits us. The only way correct this is to devalue our dollar by starting a trade war to destroy our economy. This is going to hurt us. Why? So that we can more efficiently manufacture t-shirts here rather than buy them from there. We will have to transition away from a knowledge-based economy to devolve into a factory-based economy. What is that saying? From shirtsleeves to shirtsleeves in three generations. Except no one thought it applied to countries... |
How? By making crops we can’t grow outside of greenhouses in the US and things we can’t manufacture but need to live more expensive? By destroying complex supply chains? He’s putting the cart before the horse. First you develop the capacity to make something, then you put a tariff on that one thing coming in from everywhere to encourage use of domestic capacity. He’s slapping tariffs on things like medications and food and the potash to grow food that people need, when we don’t have domestic capacity to produce it. And in some cases (like produced out of season and rare earth minerals) can’t produce it domestically. really can’t, And, in others, like manufacturing medicine it will take years to get domestic capacity online. In the meantime, Americans still need to buy the stuff, they just by less (hurt businesses) and pay more. Biden has it right with the CHIP Act. Bring plants online first. Then slap a tariff on foreign chips. This is like Elmo and Doge taking a chainsaw to SSA. When they need a scalpel. Trump is taking the chainsaw tariff approach. When every reputable economist everywhere is saying use a scalpel. |
That one is amazing, even for him. He keeps babbling that he needs NOTHING from Canada. Really? Where is he going to get the potash? Aluminum, steel and lumber. The things needed to build the manufacturing plants he needs. He's just going to mow down forests for lumber. It doesn't matter that a lot of it is the wrong kind of lumber. Welcome to shoddy building practices, I guess? Oh and the electricity in some states. Boy, putting a surcharge on that got his attention. "That's affecting people's actual lives. We can't have that." But he doesn't need anything. I guess the other stuff doesn't affect anyone. I used to think that in business, if he went bankrupt oh well, walk away. He couldn't do that with a country, right? Maybe he can. There's going to be long term damage. Trading partners are going elsewhere. Hardly anybody trusts him. I don't see trade coming back just because of an administration change whenever people clue in. Canada, the EU, the UK; why would they turn their backs on each other down the road just to go back to the States? |
Says someone who doesn’t understand economics or capitalism. |
He may well starve us all. |
Famines in modern history are caused by politics, not by crop failures or weather or climate change. We are not immune to this, even though Trump seems unaware of this. It could happen here, it happened before, it could happen again now. |
Originally Liberation Day was going to be April 1 ,2025 but Trump is admittedly superstitious so they made it April 2. He didn't want to do it on April Fools Day. |
I cannot fathom that food shortages could be a real thing, but... Trump. |
Plus, the inability to refine the oil that he's going to drill for. Factor out the possibilities there. |
You’ll be relieved to know that every day, the US is becoming less influential and less of a superpower — thanks to your boy Trump. I’m sure that the businesses that are now failing because Trump is killing trade relationships appreciate all of the flexing. |
Plus Northern states whose power grids rely on power from Canada. Better buy kindling. Next winter is going to be cold with the rolling blackouts. |
25% tariff on countries that buy oil from Venezuela.
He is actual implementing the carbon tariffs that liberals have been suggesting for decades. |
I can see that dumb people who don't understand economics have discovered DCUM |