Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:Trump is now in a position to pick winners and losers country by country and company by company...who is willing to kiss the ring and for how much.

No, he is not. He has created a runaway train that he cannot control. He may think he can but since he doesn't understand what he did or what he wants or how to implement it, he cannot control anything.

[Anonymous]

Anonymous wrote:Great Depression coming not recession

Trump as king not president

Republicans are in power that will never change get ready for all states to be AL

To all who said it’s only four years nope voting is gone

I tend to agree with you except...Wisconsin showed us that maybe not ALL voting is gone....yet.

[Anonymous]

If tariffs are unfair, why is it ok for other countries to put them on USA made goods?

[Anonymous]

Anonymous wrote:If tariffs are unfair, why is it ok for other countries to put them on USA made goods?

What Trump did yesterday dwarfs any country's existing schedule of tariffs against the US.

[Anonymous]

Anonymous wrote:Trump is now in a position to pick winners and losers country by country and company by company...who is willing to kiss the ring and for how much.

There's a reason the world has moved beyond Henry VIII.

[Anonymous]

Anonymous wrote:If tariffs are unfair, why is it ok for other countries to put them on USA made goods?

Think of it this way....you buy stuff from Safeway, but Safeway doesn't buy anything from you. That is a trade deficit. But you still get what you need from Safeway for a price that is acceptable to you. Why is this a problem?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:These tariffs will have impacts well beyond 2040. Isolationism isn’t realistically feasible in modern times. We have opened doors of opportunity to China, India, and numerous other countries to walk through. It is the catalyst combined with his other policies that trigger the fall of this country. Buckle up, it is going to be rough.

We are the globe’s enemy #1:

“Trump's tariffs carry the risk of destroying the global free trade order the United States itself has spear-headed since the Second World War," said Takahide Kiuchi, executive economist at Nomura Research Institute.

AND

"I see it as a drift of the U.S. and global economy towards worse performance, more uncertainty and possibly heading towards something we could call a global recession," said Antonio Fatas, macroeconomist at the INSEAD business school in France.

We WERE the globe's #1 economy. We sure as heck won't be any more.

This is the US committing collective suicide. And I can't even explain why its happening.

It will be studied for years because this ending was driven by culture and media. Superpowers tend to collapse for reasons like war, famine, disease, military over-extension, hyper inflation, etc. None of those are the case right now with the United States.

[Anonymous]

Absolutely bonkers:

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Started:

Going:

Guess Dems were right all along. Yeah.

I posted a few days ago either here or in the 47 Economy thread - it BOGGLES my mind that Wall Street bigwigs were so all in for Trump this time without at all noting the giant risk that he would, you know, implement the policies he spent all of his rallies talking about. Tariffs were his only economic plan.

+1. I was shaking my head about the comment that lawyers/bankers are crying. Those folks voted for this mess!

Not all of them. Not even most of them. They were also the ones ringing the alarm bells that MAGAs ignored.

[Anonymous]

One thing that Trump is correct about is that Germany, China, Korea, France, Italy, Japan etc. have never demonstrated an iota of interest in having an even BOT with America. Tolerating that forever has had “knock-on effects” and resulted in the Rust Belt and the huge outperformance of coastal-state economies over the heartland.

[Anonymous]

Anonymous wrote:One thing that Trump is correct about is that Germany, China, Korea, France, Italy, Japan etc. have never demonstrated an iota of interest in having an even BOT with America. Tolerating that forever has had “knock-on effects” and resulted in the Rust Belt and the huge outperformance of coastal-state economies over the heartland.

Has it though? Yes, free trade has harmed some American workers but it has also enriched America in total. What has harmed American workers is wealth redistribution from workers to CEOs and to shareholders who want quarterly profits instead of long term investment and reinvestment.

Reforming our corporate structure would help Americans more than these destructive tariffs that will harm everyone, Americans and everyone else too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:MAKE SMUGGLING GREAT AGAIN!

I’m sure the black market will increase. Consumers are already unwittingly buying fakes all over Amazon. Amazon doesn’t care and hasn’t stopped it because the make $$$$ from fakes.

A big reason we stopped using it. You never know what you are actually getting, and sometimes it's obviously not what you thought you ordered.

[Anonymous]

Unreal...

[Anonymous]

Anonymous wrote:One thing that Trump is correct about is that Germany, China, Korea, France, Italy, Japan etc. have never demonstrated an iota of interest in having an even BOT with America. Tolerating that forever has had “knock-on effects” and resulted in the Rust Belt and the huge outperformance of coastal-state economies over the heartland.

One, it's not their business to care; two, "tolerating" is hardly the word to use here. US business and industry elites have gained mightily from free trade. Politicians in their pockets have "knock-on effects."

[Anonymous]

American industry was hollowed out by the China shock when they entered international trade in 2001. 800,000,000 workers entered the global economy immediately. We should be making specific tariffs and building up specific American industries. But that is not what is happening.

Trump has no idea what he is doing. It’s more about his ego and the illusion of control.