The Tariff Thread

[Rhett44]

I'm just glad I'm not near retirement age. But I feel for so many people getting hammered over this.

And the thing is, Trump could end this at any time. Or he could choose not to and it might be a decade of misery.

[Nancy]

More of the on-again off-again "no negotiations" and then "negotiations" talk.

Just now...

Originally Posted by @realdonaldtrump

Countries from all over the World are talking to us. Tough but fair parameters are being set. Spoke to the Japanese Prime Minister this morning. He is sending a top team to negotiate! They have treated the U.S. very poorly on Trade. They don’t take our cars, but we take MILLIONS of theirs. Likewise Agriculture, and many other “things.” It all has to change, but especially with CHINA!!!

1 hour ago...

Originally Posted by @realdonaldtrump

The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!

2 hours ago...

Originally Posted by @realdonaldtrump

Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!

[Fuzz]

Right, so the outs here are

1: the US economy tanks so hard they stop buying stuff and the trade deficit vanishes.
2: other countries buy more American goods

Two seems incredibly unlikely, considering the global distaste for American products right now. Could change, they could rely on authoritarian countries to buy, but that seems like a much smaller market than the current global one.

So how long until outcome one occurs?



https://oec.world/en/profile/country/usa

Imports The top imports of United States are Cars ($208B), Crude Petroleum ($170B), Broadcasting Equipment ($117B), Computers ($93.2B), and Motor vehicles; parts and accessories (8701 to 8705) ($88.1B), importing mostly from Mexico ($456B), China ($436B), Canada ($410B), Germany ($157B), and Japan ($143B).

So they need to shed at least 1.2 Trillion in imports. but probably much more as exports drop too. They could easily cut car imports, because no one is gonna be buying in a recession. The value of crude imported will drop given oil price dropping, but that will also mean lower domestic production, so that may stay kinda flat. I think we can see on quick glance this is going to take a long time to play out. And even after, it won't return to normal. Is the US entering an entire decade of disaster?

[Fuzz]

Is total chaos the goal, or just a side effect?

[chummer]

I was wondering why the markets turned on a dime.

[puckedoff]

Originally Posted by chummer

I was wondering why the markets turned on a dime.

There was a tweet that the tariffs would have a 90 day pause (except China), causing the market to rally. Then that was debunked/retracted by WH officials so the market got back into the stairwell headed down.

[Firebot]

LOL, Trump merely hinting at a pause in tariffs causes the market to go from -4% to +4% (and now right back into negative). All based on a single White House adviser interview.

I'm 100% cash / fixed income in my RRSP / pension funds unless I see a distinct shift like the House turning on Trump. Playing over / under on whether tariffs will be active April 9 isn't investing, not worth the temporary bump up when it could be back down in a week with a new wave of tariffs. It's one of those situations where I don't care if I'm wrong as the collapse is so much worse. Great opportunity if you want to gamble though, I do think the likely outcome is a 90 day pause and this hint / debunking was done on purpose.

And all of this movement happened because of this.

https://twitter.com/user/status/1909222878244979085

[puffnstuff]

So the punching oneself in the junk repeatedly will be continuing?

[Senator Clay Davis]

These people are economic terrorists, let's call them what they are.

[Firebot]

https://twitter.com/user/status/1909254710361575428

https://twitter.com/user/status/1909260878681456790

"Investing"

[Nancy]

Market just dropped 2% on this announcement.

Originally Posted by Dotard

Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!

https://truthsocial.com/@realDonaldT...97331052690348

[Tkachukwagon]

https://twitter.com/user/status/1909257276830924882

[Firebot]

It's even worse than you could ever imagine.

https://newrepublic.com/post/193676/...m-stock-market

Look at the name, realize how much automation and AI plays into our world, and connect the dots of how events unfolded.

https://twitter.com/user/status/1909254546326421644

[dissentowner]

With an epic trade war happening between China and the US this is a big opportunity for Canada and China to try and resolve past differences and work out a beneficial trade agreement. Also of course with other countries as well. The world needs to isolate US products period.

[Paulie Walnuts]

The people enabling Trump are the biggest pieces of ####. Grow a set #######s and ####ing clip him.

[Mr.Coffee]

Originally Posted by dissentowner

With an epic trade war happening between China and the US this is a big opportunity for Canada and China to try and resolve past differences and work out a beneficial trade agreement. Also of course with other countries as well. The world needs to isolate US products period.

That’s going to require Carney giving up on tanker ban or Vancouver region being willing to expand port egress.

The end of that discussion I guess eh?

China wants raw materials, oil and gas and derivative products, LNG, lumber, coal, steel, etc.can we give it to them? No still? Okay.

[Nancy]

Originally Posted by Mr.Coffee

That’s going to require Carney giving up on tanker ban or Vancouver region being willing to expand port egress.

The end of that discussion I guess eh?

China wants raw materials, oil and gas and derivative products, LNG, lumber, coal, steel, etc.can we give it to them? No still? Okay.

Would Poilievre really be able to make any difference at all?

[Nancy]

China says it will 'fight to the end' after Trump threatens 50% additional tariffs

[Mr.Coffee]

Originally Posted by Nancy

Would Poilievre really be able to make any difference at all?

It’s a good question. I’m not sure.

Depends how much our “sovereignty is at stake” which I’m not really buying anymore.

Emergency measures / emergency acts could maybe theoretically be enacted and Poilievre maybe more likely to do so. Who knows but you’re right, country’s screwed generally.

[Drak]

Originally Posted by Mr.Coffee

It’s a good question. I’m not sure.

Depends how much our “sovereignty is at stake” which I’m not really buying anymore.

Emergency measures / emergency acts could maybe theoretically be enacted and Poilievre maybe more likely to do so. Who knows but you’re right, country’s screwed generally.

Our sovereignty is very much at stake. Nothing has changed.