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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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. [/quote]

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.[/quote]

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.[/quote]

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.[/quote]
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.[/quote]

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