Reply to Trump tariffs: ruin U.S. economy until 2040

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Market closing up almost 3k... the art of the deal just dealt [/quote]
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.[/quote]

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.[/quote]

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. [/quote]

[b]US companies are now going to be able to export more to other countries like Vietnam [/b]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.[/quote]
? countries like Vietnam don't import a lot from the US in part because our products cost more, and their wages are low.

https://ustr.gov/countries-regions/southeast-asia-pacific/vietnam

[quote] U.S. goods exports to Vietnam in 2024 were $13.1 billion, up 32.9 percent ($3.2 billion) from 2023. U.S. goods imports from Vietnam totaled $136.6 billion in 2024,[/quote]  The large gap is not all due to tariffs.  We import more crap from countries like Vietnam because it's simply cheaper for them to manufacture goods than it is for us to.

So, unless American manufacture workers are willing to work for 3rd world country wages, the trade imbalance is not going to change.[/quote]

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