Tariffs

kmgilroy89 · Apr 26, 2025

Buy1Sell2 said:
Right now, we have 5 firm deals and numerous prelim deals going. It's looking good.
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Those 5 are probably a bunch of islands most people have never heard of like the ones with only penguins on it.

Tuxan · Apr 26, 2025

smallfil · Apr 26, 2025

Buy1Sell2 said:
Right now, we have 5 firm deals and numerous prelim deals going. It's looking good.
More...

China finance officials 3 of them photographed outside the US Department of the Treasury. Yet, the Chinese propaganda said it was fake news? I guess these guys are just going sightseeing? Also, the report of President Donald Trump caving in. They do not mention that China quietly removed most of the tariffs on pork, medical devices and semiconductors and other US products. Apparently, the Chinese need these things so bad from the US. ET trolls loving all the Chinese propaganda that Chinese winning the trade war. You can't make this shit up. I am just laughing my head off at our clueless ET troll clowns. Poor babies still clueless on what is happening on the trade war front.

ph1l · Apr 26, 2025

kmgilroy89 said:
It's pretty clear that these tariffs are one of the dumbest economic policies in the history of the country. It's going to cost Republicans politically in 2026 and has completely changed the game for 2028. By change the game, I mean even AOC (who I would give no shot under normal economic conditions and I still don't think she'll be the nominee), if she were the nominee could beat the Republican nominee over this. The Republicans could be that underwater over this by 2028. America has benefitted greatly from low tariffs. Other countries use their labor resources to make us stuff. Then they use the trade surplus to buy things like our T-bills to finance our debt? How exactly does that rip us off? It seems like the rest of the world are the ones getting ripped off, because we sold them all that our dollar is such a great/safe investment without actually sending them real goods/services in return for the stuff their people produced for us. Manufacturing overseas frees up our labor to create more value. That's comparative advantage. Job creation for the purpose of job creation is meaningless. What you really want as a country is the ability to collect the most goods/services for your people. For years I have argued that the tax hikes that many on the left want to impose on the rich, because it worked during the Golden Years, wouldn't work today, because of the rise of foreign economic opportunity. The same is true for these tariffs. America will never go back to being the manufacturing power it was, because a lot more countries are capable of manufacturing, and they can do it at a much cheaper cost. Unless we gain a massive edge in robotics to replace human labor or lose our status as a developed economy (which might be happening with these policies), we will never be an exporting powerhouse for finished goods again, because other places can do it much cheaper now. Furthermore, manufacturing is not where we need jobs. We need jobs in the trades. We need to build/repair more housing as there is a shortage. We need to modernize our infrastructure so people spend less time traveling from point A to point B and lower energy costs (I'm a fan of nuclear). If 2 people are entering the trades for every 5 people retiring, where are we going to get the workforce for all of this manufacturing? We also need more jobs in healthcare with an aging population and its a sector that has seen massive inflation for decades. We already have a massive labor shortage in many key areas and need to increase immigration to fill them. This is where inflation has occurred since the pandemic. Notice how inflation has not hit TVs or shoes hard (it's been deflation in the case of the TV) and notice that we don't make them here, nor should we want to make them here.
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There are other things some of us forgot could be manufactured in the U.S.

kmgilroy89 · Apr 27, 2025

ph1l said:
There are other things some of us forgot could be manufactured in the U.S.

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Definitely not getting an “A” in an English class for my post, nor was that my goal. Doing a quick proofread, I also should have written “it’s a sector” instead of “it’s a sector”. However, to me it isn’t that long.

CaptainObvious · Apr 27, 2025

And what hurts is the steadily diminishing humanity of those fighting to hold jobs they don’t want but fear the alternative worse. People simply empty out. They are bodies with fearful and obedient minds. The color leaves the eye. The voice becomes ugly.
~ Charles Bukowski

Tuxan · Apr 28, 2025

Now that is detail.

gwb-trading · Apr 28, 2025

American Battleground: How Trump’s big bet on tariffs went bad
https://edition.cnn.com/2025/04/27/politics/tariffs-trump-trade-war/index.html

Tuxan · Apr 29, 2025

insider trading · Apr 29, 2025

Trump doesn't want tariff transparency

https://www.cnbc.com/2025/04/29/whi...ff-cost-report-hostile-and-political-act.html

The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site.

“This is hostile and political act by Amazon,” White House press secretary Karoline Leavitt told reporters.

“Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Leavitt asked.

She added, “This is another reason why Americans should buy American.”

The Trump administration’s aggressive swipe came in response to Punchbowl News’ report earlier Tuesday morning that Amazon will soon show consumers how much of an item’s cost comes from tariffs.

The amount added as a result of tariffs will be displayed right next to each product’s total listed price, a person familiar with the plan told the news outlet.

Amazon is not the first retailer to put a spotlight on how new tariffs are changing its prices.

China-based fast fashion giants Shein and Temu have both added massive surcharges in recent days. Temu now includes a line on its checkout tally showing an “import charge” that adds around 145% for each item.