Point completely missed. Does anyone remember the supply chain constraints? All those people crying over their ability to buy crap from HomeGoods, Walmart, the Dollar stores, Target, etc. It's as if they can't stop themselves from buying Shit They Don't Need for 3 months. For some people it's more like 3 days. Completely pathetic. Watch the movie Buy Now: The Shopping Conspiracy That said, I drove by a Starbucks in a Walmart parking lot yesterday. The drive-thru line was 20 cars deep. Maybe 10:30 ish, so not a time when one would expect it to be that busy. And...the US automakers win bigly. Tariffs are great.
America doesn’t have the labor force, the infrastructure, or the economic conditions to reindustrialize at the scale these tariff policies would require. Even if they collapse social security and have ipatent and elderado un-retired/never could and pushing a button all day at a sheet metal press plant, it won't be nearly enough. So between now and much if a decade in the future when the big ship starts to turn... Stephen Miller is probably working on patriotic posters to get kids to go straight to America's iPhone factory instead of university. “Your Country Needs You! Report to the Foxconn Pennsylvania Workhouse Today!” “Real Patriots Assemble iPhones!” “College is for Weaklings! Join the Great Reindustrialization Effort!” The global economy isn’t going to pause while America tries to figure out how to make iPhones domestically at five times the cost.
Bill Ackman has been tweeting into the universe trying to get businesses and countries to try negotiating with Trump. Lol. When FAFO hits your portfolio it’s not fun anymore, is it?
The amount of bribery that will go on behind the scenes for exemptions may actually make Trump a billionaire for real.
And the massively stupid thing I just thought of, what about services? To totally fuck the USA, Europe does not have to tariff goods, they just create a services equivalent as the US sells a LOT of services to Europe, more than cheese and wine coming from France and Italy.
Annex II has a list of exempted tariff codes....think about how some of those codes made it to the list.... many of my products are on the exempted list thankfully but I have customers in latin america who export to U.S. and their products are not....so I will not get royally fucked by these tariffs but will get finger blasted slightly...
Senator Chris Murphy (D-CT) noted tonight that the tariffs make no economic sense because “[t]hey aren’t designed as economic policy. The tariffs are simply a new, super dangerous political tool.” Murphy suggests they are a way to make private industry dependent on the president the same way he has tried to make law firms and universities dependent on him. Industries and companies “will need to pledge loyalty to Trump in order to get sanctions relief.” Murphy warns that “[t]he tariffs are DESIGNED to create economic hardship…