Anonymous wrote:See, Kevin O'Leary identifies the problem with China and the steps needed to fix it.

He's not mealy mouthed and doesn't mince words that might offend people. The problem has been going on for decades and the only words we've heard from so many who don't know what to say is to speak in generalities like "We have to work together".

NOPE. Problem identified (it was decades ago), and solutions are in the works. Meanwhile, vapid journalists nip at his heels, because that's all journalists can do. They have no depth of knowledge in anything of substance; they just opinionate all day.

China makes a lot of stuff we need. Not just cheap plastic crap, they make semiconductors, iPhones, laptops, circuit boards, auto parts, industrial machine equipment and parts - and some of this stuff cannot be procured from anywhere else either at all, or in the volume that we need.

The U.S. makes far less stuff that the Chinese need, and much of it can be purchased elsewhere, like soybeans and corn. They don’t buy a lot of oil from us. They don’t buy electronics from us. They mostly get money from us.

Having a trade war with China is like a farm having a trade war with John Deere. The farm says, “we are sick of buying expensive tractors and harvesters from you while you just buy some eggs and milk”. John Deere says, fine, even though you buy a lot of tractors from us, we will tariff you too. John Deere is losing money, but decides to use its $1 trillion dollar trade surplus to ride out the downturn. The government passes a stimulus package to help stabilize things. John Deere buys eggs and beef from other trading partners, even though it is a little more expensive. They still have all the goods they need, but they have to spend more money.

Unlike John Deere, the farm has a trade deficit and the government never considers using tariff money to help them out. They can’t afford harvesters and tractors and farm equipment and there is no other place to buy them, except from John Deere. They have to spend far more money to buy goods, and have to increase their prices, causing inflation and higher interest rates. In addition, no one wants to invest in them because of their poor economic outlook, so they have less capital.

When two entities engage in a trade war, it is not a zero sum poker game. The one with the trade surplus has the advantage. Especially when the trade consists of irreplaceable items.

Wait, I though tariffs were to make other countries invest here? To stop sending over migrants and fentanyl? To make us great again? Or something?

All of that was a ruse? Just his "art of the deal"? And he intended to tank the market all along before caving in on tariffs?

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Anonymous wrote:Markets tanking again today as they realize the Trump "pause" is actually pretty fake. He's still got 10% tariffs on everyone and 25% on Mexico and Canada. Trump is a disaster.

And this, which raises prices on 75% of everything at Walmart.

Like you care about prices at Walmart.

I stocked up on toilet paper and allergy meds and pet food this week, because, yes - higher prices will affect me. Also it feels like Trump is throwing us back into COVID times when we just won't be able to get things again. He's messing up all the supply chains, he's messing with OUR lives. I HATE him and I curse every person who put him in office.

This! So sick of Trump’s incessant need for attention and his colossal stupidity. Every time he’s in office, he makes everyone’s lives a misery. A pox on him and MAGA.

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Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

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.

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.

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.

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.

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.

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

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.

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.

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.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

And Biden and Trump both implemented tariffs but tariffs are evil when Trump does it. Facts matter.

I support tariffs and want to restore jobs and voted for Biden and didn’t vote for Trump. I’m not going to criticize policies that Trump implements off hand because he’s doing them. I would have loved for Biden to be this hard on trade.

Everyone agrees that tafiffs used as a scalpel can be effective. That isn't what Trump is doing. Nuance is important.

No the government never get involved in the free markets.

Free markets are a myth. Every market is rigged in some way - price fixing, collusion, cartels, monopolies, fraud, bribery, extortion, corruption, exploitation, etc. The one thing business owners agree on is that none of them want free market competition based on quality, price, and value, with transparency and accountability.

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Anonymous wrote:See, Kevin O'Leary identifies the problem with China and the steps needed to fix it.

He's not mealy mouthed and doesn't mince words that might offend people. The problem has been going on for decades and the only words we've heard from so many who don't know what to say is to speak in generalities like "We have to work together".

NOPE. Problem identified (it was decades ago), and solutions are in the works. Meanwhile, vapid journalists nip at his heels, because that's all journalists can do. They have no depth of knowledge in anything of substance; they just opinionate all day.

What is Kevin O'Leary's qualification other than being Trump's bootlicker? Oh wait, he is another TV personality, sure, that makes him immensely qualified to decide the trajectory of U.S economy. BTW, Loud mouths like him are a dime a dozen on Wall Street.

This. If you are depending pn the likes of Kevin O'leary, that is a bad mistake.

Meanwhile, watch Navarro basically admit this is all about extortion for "the boss"

https://bsky.app/profile/atrupar.com/post/3lmiddgseb22e

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Anonymous wrote:See, Kevin O'Leary identifies the problem with China and the steps needed to fix it.

He's not mealy mouthed and doesn't mince words that might offend people. The problem has been going on for decades and the only words we've heard from so many who don't know what to say is to speak in generalities like "We have to work together".

NOPE. Problem identified (it was decades ago), and solutions are in the works. Meanwhile, vapid journalists nip at his heels, because that's all journalists can do. They have no depth of knowledge in anything of substance; they just opinionate all day.

What is Kevin O'Leary's qualification other than being Trump's bootlicker? Oh wait, he is another TV personality, sure, that makes him immensely qualified to decide the trajectory of U.S economy. BTW, Loud mouths like him are a dime a dozen on Wall Street.

Seriously. Who cares what this idiot has to say? He's hardly an objective party.

Ugh...here we go again...

Stocks Dive Again as Angst Rises Over Trump’s Trade War

The S&P 500 fell 3.5 percent by the closing bell, erasing part of Wednesday’s recovery, as fears grew that the worsening trade war with China will crimp growth.
https://www.nytimes.com/live/2025/04/10/business/trump-tariffs-stocks

Anonymous wrote:See, Kevin O'Leary identifies the problem with China and the steps needed to fix it.

He's not mealy mouthed and doesn't mince words that might offend people. The problem has been going on for decades and the only words we've heard from so many who don't know what to say is to speak in generalities like "We have to work together".

NOPE. Problem identified (it was decades ago), and solutions are in the works. Meanwhile, vapid journalists nip at his heels, because that's all journalists can do. They have no depth of knowledge in anything of substance; they just opinionate all day.

What is Kevin O'Leary's qualification other than being Trump's bootlicker? Oh wait, he is another TV personality, sure, that makes him immensely qualified to decide the trajectory of U.S economy. BTW, Loud mouths like him are a dime a dozen on Wall Street.

See, Kevin O'Leary identifies the problem with China and the steps needed to fix it.

He's not mealy mouthed and doesn't mince words that might offend people. The problem has been going on for decades and the only words we've heard from so many who don't know what to say is to speak in generalities like "We have to work together".

NOPE. Problem identified (it was decades ago), and solutions are in the works. Meanwhile, vapid journalists nip at his heels, because that's all journalists can do. They have no depth of knowledge in anything of substance; they just opinionate all day.

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I so reassured that he is unaware of the economic meltdown he created

Especially after his crowing about yesterday’s “legendary” recovery that he accepted full credit for, of course.

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I so reassured that he is unaware of the economic meltdown he created

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Anonymous wrote:Market closing up almost 3k... the art of the deal just dealt

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.

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.

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.

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.

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.

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

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.

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.

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.

The population in Vietnam is quite high.

And how many of them do you think can afford Made in America, when most Americans can't even afford Made in America?

Vietnam has less than 1/3 of the US population. Also, do you not find it ironic that communist countries want free trade and the US doesn't?

When did all these Democrats start siding with Ted Cruz, Elon Musk, and Milt Friedman? I remember a time when Democrats were all for tariffs and reshoring American jobs because they represented working class people and not rich snobs who only cared around their brokerage accounts. I want those Democrats back. Not the country club Democrats in this thread.

Manufacturing jobs were being re-shored under Biden. He is a democrat. facts matter.

And Biden and Trump both implemented tariffs but tariffs are evil when Trump does it. Facts matter.

I support tariffs and want to restore jobs and voted for Biden and didn’t vote for Trump. I’m not going to criticize policies that Trump implements off hand because he’s doing them. I would have loved for Biden to be this hard on trade.

Everyone agrees that tafiffs used as a scalpel can be effective. That isn't what Trump is doing. Nuance is important.

No the government never get involved in the free markets.

I am only buying bare essentials and have no plans for anything like cars or appliances, and certainly no travel any time soon.

I am hardly buying anything right now. I used to buy stuff from Amazon every few days. Last month, I bought one item. This month, nothing.