What people never factor in is all prices rise, even stuff that has no tariffs on because it's just a great excuse for retailers to jack up prices
Yep. Even if the tariffs are removed, the prices aren't going to just go down to pre-tariff levels. Suppliers and retailers are going to discover higher points that consumers have adapted to. You might see some minor corrections in favour of consumers, but it won't go back to pre-tariff levels.
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"A pessimist thinks things can't get any worse. An optimist knows they can."
And it isn't just Trump. Even if he was deposed tomorrow, it wouldn't matter. Now that the world knows this is what can happen in America, you have to move forward under the assumption it will happen again.
Exactly. Even if let's say there's a fair election in 2028, Dems win, and instantly undo all the MAGA policies, apologize to us, and try to restore normal trade relations again, you just can't do it to the level it was before.
Because what if they lose in 2032 and it's back to MAGA again? We can't have our country's economy hanging in the balance regarding the results of every U.S. presidential election, they're too bi-polar down there now. Regarding the way our economic relations were pre-February; it's over.
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I’m thinking there might be a reason he’s tariffing penguin country? Is there an economic reason? Perhaps to prevent trade fraud?
They are supremely stupid people.
It appears they got their list of "countries" from a list of places with their own TLD (top level domain) for web addresses like .ca, .uk, .au, etc.
That's why places like Gibraltar (.gi), Heard and McDonald Islands (.hm), and British Indian Ocean Territory (.io) are on the list even though they aren't independent nations.
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Turn up the good, turn down the suck!
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It appears they got their list of "countries" from a list of places with their own TLD (top level domain) for web addresses like .ca, .uk, .au, etc.
That's why places like Gibraltar (.gi), Heard and McDonald Islands (.hm), and British Indian Ocean Territory (.io) are on the list even though they aren't independent nations.
Hence, written by chatGPT
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Exactly. Even if let's say there's a fair election in 2028, Dems win, and instantly undo all the MAGA policies, apologize to us, and try to restore normal trade relations again, you just can't do it to the level it was before.
Because what if they lose in 2032 and it's back to MAGA again? We can't have our country's economy hanging in the balance regarding the results of every U.S. presidential election, they're too bi-polar down there now. Regarding the way our economic relations were pre-February; it's over.
This is why the market will continue the sell off all next week. Free trade with the US is broken for at least a generation
"We've become such enemies just because of this one man."
Ya, one guy just made himself dictator, truly nothing anyone could have done about it.
Quote:
In North Dakota, where Trump took nearly 68 per cent of the vote in November's election, Kuylen said it feels as if the president is "fighting with food all the time."
This is called ####ing around and finding out. You #######s chose to put a bullying convicted felon in charge and are now disappointed that he's not acting responsibly and considering your needs? Well #### me sideways, I don't know how that could have been foreseen. Except for all the times pre-election he told you he'd be using tariffs as a weapon.
I just can't deal with the stupid in the world today. #### these farmers. Figure it out already. You want to fix it? Go fix it. You've got the tools. Don't go moping around asking your neighbour who your choices have ####ed over tremendously to find a way to make it work for you. Take some personal responsibility, man up and second amendment your way out of this mess before it's too late for everyone. Or were all those years of chest thumping just ##### bull####?
Just heard the Agruculture idiot. Farmers are fu..ed. She agrees with all, including the penguins, tariffs and says she has never worked with such a brilliant group of people. Ha. Ha. Ha. Ha. Bye bye USA.
Elon Musk hates education because educated people point out how dumb he is all the time, and his fragile ego knows deep down his dumb he needs educated people to make his companies work, and then he can take credit for all the amazing things he is not capable of(like being good at video games). His attacks are really window to his pathetic, sad little soul.
Blaming higher ed for Navarro is like blaming politics for Pierre Poulivere.
Quote:
According to Politico, Navarro's economic theories are "considered fringe" by his fellow economists.[185] A New Yorker reporter described Navarro's views on trade and China as so radical "that, even with his assistance, I was unable to find another economist who fully agrees with them."[186]
Top White House trade adviser Peter Navarro said Elon Musk is only looking after his own interests after the world’s richest man criticized him and seemed to break with the Trump administration on tariffs.
“Elon when he’s in his DOGE lane is great, but we understand what’s going on here. Elon sells cars. He’s simply protecting his own interests,” Navarro told Fox News’ “Sunday Morning Futures.”
Navarro added that Musk’s Tesla supply chain is clearly set to take a huge hit from the tariff regime. He pointed out that while Teslas are made at factories in Texas, “they get a lot of their content from China, Mexico, Japan and Taiwan and elsewhere.”
The own goals will continue to pile up at a rapid rate for this President and his administration. They can't even do a good job of pretending to have a strategy. Obviously just making it up every single minute of the day.
They are not a negotiation tactic! They are to move production back to the USA and raise revenue. They are here to stay. Wait...they ARE a negotiation tactic. 50 countries have already approached us to make a deal! However I cannot stress this enough these are not a negotiation tactic. These are here to stay! President Trump is a master deal maker! But wait...Vietnam has already called us! But they are in fact here to stay, but give us a call, we are here to listen.
April 3rd:
Top Trump trade advisor Peter Navarro denied that Trump’s new tariffs are being used as a tool to negotiate better trade terms with other countries.
April 4th:
Quote:
After multiple White House aides insisted that the new tariffs were not a negotiation, Trump said he would be open to negotiating with other countries about the duties.
Trump said he would be open to tariff talks with other counties if they offer something phenomenal, Reuters reported him saying on Air Force One.
Top trade aide Peter Navarro told CNBC less than an hour earlier that the sweeping tariffs are “not a negotiation.”
“This is not a negotiation,” Navarro said on CNBC’s “Closing Bell: Overtime.”
Scott Bessent, the treasury secretary, told Meet the Press on NBC News that Trump had “created maximum leverage for himself, and more than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation”.
The agriculture secretary, Brooke Rollins, echoed Bessent by flagging up possible talks. “We’ve got 50 countries that are burning the phone lines into the White House,” she told CNN’s State of the Union.
Howard Lutnick, the billionaire commerce secretary, struck an aggressive note on CBS News’s Face the Nation in which he portrayed the tariffs as here to stay. Asked whether there was a chance that tariffs would be postponed to allow countries to negotiate a deal with Washington, he replied: “There is no postponing – they are definitely going to stay in place for days and weeks, that is sort of obvious.”
“The president has made it crystal, crystal clear,” he said.
Quote:
But asked about the example of Vietnam and the potential lifting of tariffs, Trump’s senior counselor on trade and manufacturing, Peter Navarro, said the administration wasn’t negotiating.
“This is not a negotiation. This is a national emergency based on a trade deficit that’s gotten out of control because of cheating. We’re always willing to listen, that’s what Donald Trump does best,” he said during an appearance on Fox News’ “Sunday Morning Futures.”
If you were expecting some calming words for the market this evening...
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Originally Posted by @realDonaldTrump
We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now bringing Tens of Billions of Dollars into the U.S.A. They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the “Presidency” of Sleepy Joe Biden. We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!