Tariffs

kmgilroy89 · Apr 26, 2025 at 3:31 PM

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 at 5:15 PM

smallfil · Apr 26, 2025 at 8:12 PM

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 at 10:08 PM

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.

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Tariffs

kmgilroy89

Tuxan

smallfil

ph1l