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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

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.[/quote]

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.[/quote]

Vietnam may have a small GDP, but they have huge, growing, population. There may be some opportunity for exports there.

[/quote]
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.  [/quote]

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. [/quote]
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.  [/quote]The population in Vietnam is quite high.[/quote]

So what? They can't afford or want anything we sell - what part don't you get?  It's not a country that has a stake - [b]China even import wise isn't as hurt by our tariffs as they are by losing us to export.[/b]Understand trade has 2 components and understand why countries will have a predisposition for one - something Trump doesn't understand.  You just cannot judge a deficit without considering the context of why balance isn't there.[/quote]

Then why are high tariffs on China to extract concessions a bad deal? You said they need us more than we need them. We take away our market and their country as toast.

These complaints about putting tariffs on our enemy, China, because we’re being meanies are pretty rich and traitorous coming from the same people who wanted to not only put total sanctions on Russia, but also supply weapons to bomb Russia. Makes no sense unless you’re a CCP bot / useful idiot.[/quote]

Because China is winning this deal. Trump trashed the U.S. brand so badly that China is the safer more stable more prosperous trading partner. We lost the trust that caused everyone, including China, to invest here. [/quote]

So everyone is going to stop investing in the American market until the end of time because of a heavy trade strategy that Trump pulled back in less than a week? And invest where, Britain? Italy? China? Russia? You sure about that?

Please stop being silly and emotional. [/quote]

Not forever, just until the destructive moron is out of office. [/quote]

the problem is, once you have established supply chains and trade with other countries, you don't need the US anymore. It isn't like Trump will be out of office and the next day things go back to how they are at this moment. No, it will take years of showing that the US can be trusted again and even more time for countries and consumers to shift their buying patterns and in the meantime the US and its citizens will suffer.[/quote]

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