Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems that China was not persuaded by Bessent’s advice not to impose retaliatory tariffs. And we can expect more from the EU soon. We’re not top dog anymore.

It will be a cold day in hell when China relents to Trump's nonsense, Chinese have a very HIGH threshold for pain especially of the fiscal variety, Trump is way out of his league when dealing with China. They haven't said a single word, it will all be actions, Xi Jingping didn't broadcast his tariff signing ceremony all over the world, he's not a lunatic.

Let's not kid ourselves, Xi is a lunatic too. But he's quieter about it.

And China also depends upon the US markets. Trump's bats*** crazy negotiating tactics are actually best-suited to China. Using them on the rest of the world is just dumb. And harmful to the US and to his plan, whatever that is.

The collapse of the US as a reliable trading partner - not to mention a national security ally - presents vast opportunities for China. And money doesn't need to be in New York. There are many alternative financial markets. The entire world is seeking to detach from any reliance on the US. China will reap the benefits for decades.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems that China was not persuaded by Bessent’s advice not to impose retaliatory tariffs. And we can expect more from the EU soon. We’re not top dog anymore.

It will be a cold day in hell when China relents to Trump's nonsense, Chinese have a very HIGH threshold for pain especially of the fiscal variety, Trump is way out of his league when dealing with China. They haven't said a single word, it will all be actions, Xi Jingping didn't broadcast his tariff signing ceremony all over the world, he's not a lunatic.

Actually, the rest of the world has a high threshold for pain as well. Developing countries know how to perservere and do without. There are still many, many people in Europe who vividly remember the decades post-WWII when there was still debris and carnage and decades more of rebuilding. Those folks will all weather the strom while the "tough" Yankees qill quickly start blubbering.

I agree. I observe this a lot when I am traveling in Europe, cheap goods, cheap energy is not available like it is here, including cheap money. Credit is not easily available, Europeans are savers.

Americans are going to have to change their lifestyles, especially the lower income families. So far, people have been pretty comfortable here, let’s get ready to sacrifice bigly for those manufacturing jobs.

[Anonymous]

Anonymous wrote:

So Republican are completely brainwashed. Unreal. Just leave them behind. There’s no saving them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems that China was not persuaded by Bessent’s advice not to impose retaliatory tariffs. And we can expect more from the EU soon. We’re not top dog anymore.

It will be a cold day in hell when China relents to Trump's nonsense, Chinese have a very HIGH threshold for pain especially of the fiscal variety, Trump is way out of his league when dealing with China. They haven't said a single word, it will all be actions, Xi Jingping didn't broadcast his tariff signing ceremony all over the world, he's not a lunatic.

Xi is playing chess. Trump is playing Snakes and Ladders.

Are you kidding? You have to be able to count to play snakes and ladders. Trump is just having a giant temper tantrum.

This is what Trump is doing:

Obama and Seth Myers embarrassed him at the White House correspondents dinner, and he’s still mad enough about it that he’s going to take us down with him. They say that was the moment he decided to run, while he stormed out of there.

[Anonymous]

Face it, we are totally screwed unless or until a handful of republican lawmakers grow a spine.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Suppose Trump threw in a small tax hike on income over one million to go with his tariffs. Would Democrats vote for the budget?

I can’t think of anything less likely.

Which part? I keep hearing about a tax hike from some unusual sources.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yep, 900 being laid off at Stellantis (maker of Jeeps) as direct consequence of Tariffs.

https://www.cbsnews.com/detroit/news/stellantis-pause-production-windsor-plant-layoff-900-workers-midwest/

The Stellantis and Whirlpool layoffs should be in the FAFO thread. I’m sure the majority of those workers voted for the Orangeman and his tariffs.

Stellantis shut down factories in Canada and Mexico.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems that China was not persuaded by Bessent’s advice not to impose retaliatory tariffs. And we can expect more from the EU soon. We’re not top dog anymore.

It will be a cold day in hell when China relents to Trump's nonsense, Chinese have a very HIGH threshold for pain especially of the fiscal variety, Trump is way out of his league when dealing with China. They haven't said a single word, it will all be actions, Xi Jingping didn't broadcast his tariff signing ceremony all over the world, he's not a lunatic.

Actually, the rest of the world has a high threshold for pain as well. Developing countries know how to perservere and do without. There are still many, many people in Europe who vividly remember the decades post-WWII when there was still debris and carnage and decades more of rebuilding. Those folks will all weather the strom while the "tough" Yankees qill quickly start blubbering.

I agree. I observe this a lot when I am traveling in Europe, cheap goods, cheap energy is not available like it is here, including cheap money. Credit is not easily available, Europeans are savers.

Americans are going to have to change their lifestyles, especially the lower income families. So far, people have been pretty comfortable here, let’s get ready to sacrifice bigly for those manufacturing jobs.

yep, I stated before, we are where we are because of our insatiable need for cheap and abundant consumer products.

The rest of the world isn't like that.

I said to DH that there might be a silver lining in what's going on in that Americans will stop buying so much crap.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Congress needs to act and nullify the "emergency" tariffs with a simple majority vote.

The POTUS should not have this power outside of a legit emergency, like invasion. This is why the House is on recess - the discharge petition actually is likely to pass, just like it did in the Senate.

Yes. But this is why Mike Johnson as Speaker is a tragedy for the nation. The weeniest man in Washington is unlikely to bring such a bill to the floor. Congress reclaiming its authority on tariffs would pass easily, and that makes Little Mikey scared. All he knows is to do the bidding of Trump and Musk. The man has no principles.

That’s why Rep. Meeks filed a discharge petition in the House, so it goes to the floor no matter what.

Also, I didn’t realize this until today but the emergency powers granted to Trump to do all this sh!t were in the CR.

No the powers were in a bill passed long ago.
The CR included something that supposedly prevented Congress from overriding Trump's actions, but apparently Congress is still able to act.

[Anonymous]

Republican investors are losing buckets of money and there is absolutely nobody to blame but Trump.

To continue voting for and supporting him, his proxies, his policies is economic suicide. End of story.

[Anonymous]

Anonymous wrote:Republican investors are losing buckets of money and there is absolutely nobody to blame but Trump.

To continue voting for and supporting him, his proxies, his policies is economic suicide. End of story.

I saw something today where Bessent is looking to jump ship and go to the fed. I’m not sure how that would help his reputation though. He’s tied to this policy. Not sure the revolving door of government to private sector is going to work out for him.

[Anonymous]

The blame also lies with Republicans in Congress doing nothing to stop him

[Anonymous]

Anonymous wrote:The blame also lies with Republicans in Congress doing nothing to stop him

This. X infinity.
Dereliction of duty.

[Anonymous]

Anonymous wrote:Republican investors are losing buckets of money and there is absolutely nobody to blame but Trump.

To continue voting for and supporting him, his proxies, his policies is economic suicide. End of story.

Does it remind you of the Hunt For Red October when the Russian sub commander did a fancy maneuver and ended up torpedoing himself?

[Anonymous]

That's odd because I was told the evil orange man was making his billionaire buddies rich, not tanking their market cap