Trump Tariffs

Started by Danno, Mar 03, 2025, 04:15 PM

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bligslick and 19 Guests are viewing this topic.

dogwalker

Maybe it's easier than I thought.  Reverse everything he says to get the truth.

Hobby

Stock market taking hard hits don't know if Trump's tariffs are good idea.  I think he should concentrate on ending the wars.  Ending the wars will help our economy.
Hobby

Blkfyre

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These did not age well, but are true, and go directly to "There is always a tweet"...

HighStepper

Quote from: bats on Mar 10, 2025, 06:24 PMTrump is a perpetual victim. If he fails (as he often does) it must be someone else's fault. Always.

And he projects this victimization onto our country. He always has. Here's an interview from 1980 where he said we were being taken advantage of by other countries:

I disagree about Trumps assertion that a lack of respect for the U.S. led to the Iraq Iran war.  Sunnis and the ShiĘżah have been at odds since the death of the Prophet Muhammad over 1,000 years ago. When Ruhollah Khomeini became the leader of Iran, replacing the secular monarchy of the Shah, creating a theocracy. Saddam Hussein had long disputed boundaries territorial claims previously conceded to Iran, going back to the time of withdrawal by the British.

Trump's assertion that if  America  was respected the hostages would not have been taken seems rooted in the concept, A Roman citizen could walk across the face of the known world free of the fear of being harmed.  So great was the retribution of Rome, universally understood as certain, should any harm befall even one of its citizens.
Too much sex is still not enough.

Hobby

Trump tariffs is reeking havoc on the stockmarket.  Stockmarket is a disaster right now. Not good!
Hobby

Danno

everything you buy in an aluminum can just went up
Just tap me on the head if I overstay my welcome

Hobby

The stockmarket is dropping like a ball bouncing down a flight of stairs.  I do agree that fixing the trade deficit is important to our economy and long overdue I just think some of the measures Trump is taking is or will hurt our economy in the short term.  We should know by end of this summer if Trump is doing right for economy.
Hobby

dogwalker

I don't see how any of this can work to the average American's benefit.
We have a trade deficit for a reason.
We are the richest nation so we can afford it.
We are a consumption society.  We buy wayyyyy too much crap we don't need.
When those are not the case we may have a trade surplus.
Yes we are being "ripped off" as trump says-----by ourselves.

Our exports are $3T and our imports are $4T.
Not a huge difference in terms of fold or % amounts but it's a $1T deficit every year.
If we export $1T more or import $1T less or some mixture of those
then we would have no trade deficit.
I think that's best done by producing more and/or importing less.
Tariffs may result in fewer imports BUT we (the importers) may pay for that.
That could fix the trade deficit but hurt the average person.
We can't produce any more from current factories.  As a whole they are near maximum capacity.
Reshoring companies would increase capacity.  Shouldn't result in lower prices though.
Overall tariffs seem like a lose-lose situation to me.
Countries exporting to us lose because the price of their products is higher (so demand drops) or they have to cut into profits (if they have any) to pay the tariff.
We lose at least short term because prices of our imports are higher.
Now every country we put tariffs on also puts reciprocal (and escalating) tariffs on us. 
I don't see how that is useful.