There's a lot more pain to come in market plummets and price increases.
Trump Tariffs has Countries ready to retaliate?
- Thread starter Over70irregs
- Start date
There's a lot more pain to come in market plummets and price increases.
Thebrownblob
Well-Known Member
Markets are pretty easily spooked. And they hate change. I’m not jumping off a ledge because of what these people believe is or is not going to happen. Wall Street has had quite a ride at the expense of Main Street. We We’ll see what happens.
newfie
Well-Known Member
in the midst of chaos there is also opportunity - sun tzu
Thebrownblob
Well-Known Member
Warren Buffett
newfie
Well-Known Member
the last i saw buffet is sitting on 380 billion cash waiting to buy the dip
Thebrownblob
Well-Known Member
Mimic the actions of the wise
Fred's Myth
Nonhyphenated American
It's self-delusion to think that replacing the status quo to something equitable for Americans will not require some personal pain.
Thebrownblob
Well-Known Member
This may be true, but it doesn’t make it any less painful lol
newfie
Well-Known Member
ultimately we have to decide if the end goal is worth it .
i read that we're up to 16 trillion dollars of stimulus spent the past 5 years . thats all government spending.
trumps plan is to go from public tax dollar spending to private sector spending and to find alternative ways to fund the government then simply taking it from the taxpayer .
if thats what we want then we have to ride this out.
I'm very wary of a plan for it that's based on a fake formula and the idea that trade deficits are always a bad thing.
Thebrownblob
Well-Known Member
I’ve heard it was based off a ChatGPT formula L O L
Some economist suggest trade deficits are not a problem at all.
newfie
Well-Known Member
denial of the result rather than recognizing the positive outcome is all they have
newfie
Well-Known Member
looks like we're finally going to find out after decades of watching all politicians from all sides make the same BS outraged speeches with no action.
newfie
Well-Known Member
Chuck Schumer, October 5, 2005 (Senate Floor Remarks):
"China’s trade practices are a glaring example of unfairness—high tariffs on our exports, currency manipulation, and a flood of cheap goods into our markets. We’re losing jobs and industries because we don’t demand reciprocity. It’s time to level the field."
"China’s trade practices are a glaring example of unfairness—high tariffs on our exports, currency manipulation, and a flood of cheap goods into our markets. We’re losing jobs and industries because we don’t demand reciprocity. It’s time to level the field."
Chuck wasn't talking about putting tariffs on the whole world.
newfie
Well-Known Member
oe Biden, June 11, 2007 (Senate Foreign Relations Committee Hearing):
"We’ve got countries hitting us with tariffs three, four times higher than what we charge them. It’s not a level playing field—it’s a steep hill our exporters have to climb while their goods roll right into our markets. That’s got to change if we’re serious about fairness."
newfie
Well-Known Member
trump didnt put something on someone. he leveled the playing field. he said we're not going to be your chumps anymore.
we're not going to be the worlds sheep anymore
It's fine if reciprocal tariffs are actually reciprocal tariffs. But they're not actually reciprocal tariffs if they're based on a made up percentage that Trump says we're being tariffed at when we're not.
Fred's Myth
Nonhyphenated American
newfie
Well-Known Member
someone here (@Doublestandards) made the argument that trumps columbia numbers were made up and that columbia was at zeo tariffs. i do a search and find out that columbia charges a 19 percent VAT tax which is a tariff tax like any other. I'm not going down that rabbit hole. of trying to argue that trumps numbers are made up. i told you before specifically what they are looking at per their explanation. I dont have the expertise to argue with their numbers and neither do you.
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