Why is Trump Destroying the Economy?

Discussion in 'Economics' started by schizo, Apr 4, 2025.

  1. MarkBrown

    MarkBrown

    wasting your breath on a 15 year old brain that watches cnn all day, lol....
     
    #31     Apr 4, 2025
  2. Look he is not destroying it he is FIXING it. Good grief!
     
    #32     Apr 4, 2025
  3. No because most are socialistic in their thinking. We don't need their advice.
     
    #33     Apr 4, 2025
  4. That is so funny and laughable that it isn't funny. Ok let Canada assume the deficit then if trade deficits don't matter! Canada won't change one iota. Stubborn. Going down with ship.
     
    #34     Apr 4, 2025
  5. newwurldmn

    newwurldmn

    Don't tax his brain. He might go into a coma and he probably doesn't have health insurance.
     
    #35     Apr 4, 2025
    schizo likes this.
  6. newwurldmn

    newwurldmn

    You want to blow up everyone's standard of living for a finance theory that didn't work.
     
    #36     Apr 4, 2025
    schizo likes this.
  7. Nine_Ender

    Nine_Ender

    The laughable part is you think you understand what a trade deficit is, and that is somehow inherently bad because Trump told you it is. You are ignorant I get it.
     
    #37     Apr 4, 2025
    schizo likes this.
  8. Oh shucks I'll just have to educate you. It is really elementary.

    For example, say in 2022 the United States total goods trade with x country were 600 billion the exports from the U.S. to that country were $200 billion compared to $400 billion that was exported from that country to the USA. The difference results in a trade imbalance with a trade deficit for the US and a trade surplus for that other country as that country is not allowing us to access their markets (because of their protectionism through other trade barriers..tariffs..etc on our goods to keep them out of their market) but they have access to our markets to export all they want and all we will buy. In other words, they want our markets open to their goods but close their markets to our goods or severely limit what we can export from USA to them.

    For instance, Australia wants to sell their beef to us and access our market but they don't want to give their markets access to our beef. By trade barriers they limit the buying and importing of our wonderful beef. Our ranchers are getting screwed. So, the decline in beef production by our ranchers takes place. In more ways than one. Public here buys Aussie beef (and it is terrible beef) because that is what gets imported and our beef has diminished demand (and it is good and much better beef). Same things happen with the farmers. SO..so.. tariffs will hinder US buying Aussie beef and they will now buy US beef. Ranchers then happy. Public happy as they are eating good, tasty tender beef again (finally) instead of that crap from Australia and Mexico. Tough as shoe leather and tastes terrible.

    There you go! Trade deficit. There I rounded the numbers off to make it easy for you to understand. And used a simple example of beef. Hope you "get it".

    PS Canada's oil dirty. Sell it to Cuba.

     
    #38     Apr 4, 2025
    Real Money likes this.
  9. schizo

    schizo

    Ahhh yes, the glorious return of American beef—so friggin' tender and juicy it almost distracts you from the 40% price hike. Obviously, the only thing that ever stood between us and steak nirvana was some sinister Aussie cow conspiracy. Never mind that tariffs don’t just slap foreign beef. They ripple through the whole supply chain like a bad fart in a packed elevator. But sure, let’s all pretend biting into that overpriced porterhouse is a patriotic MAGA act. Tastes like real freedom… and a second mortgage. :sneaky:
     
    #39     Apr 4, 2025
    piezoe likes this.
  10. Tuxan

    Tuxan

    That’s a passionate beef manifesto, but it’s riddled with misunderstandings.

    A trade deficit isn’t a scoreboard where “we lose” and “they win.” It just means we buy more goods from them than they buy from us. That often reflects our strong consumer market, not some unfair trick. And here’s what’s missing: many countries run a goods surplus with the U.S. because they import huge amounts of services from the US, tech, finance, IP, entertainment. The full trade picture includes both. You don’t fix a math problem by only looking at half the numbers.

    As for your beef analogy.. Tariffs are just taxes on your own people. They might help a few ranchers short-term, but they raise prices for everyone. And no, not all U.S. beef is glorious, and not all Aussie beef is “tough as shoe leather.” Taste is subjective. Plenty of Americans are happy with imported goods, because they choose them.
     
    #40     Apr 4, 2025
    billv, Pantalaimon and piezoe like this.