Manufacturing is ALREADY coming back after only 3 months....and I've noticed no price increase in common goods...Egg prices have dropped 55% since Trump took office...Border secured in only 3 months...
Manufacturing is ALREADY coming back after only 3 months....and I've noticed no price increase in common goods...Egg prices have dropped 55% since Trump took office...Border secured in only 3 months...
It took trump 1 month to solve the border crisis that dems said was congressional problem, took him 2 months to find the waste and fraud. Can't wait for more..
I agree things seem really good if you just make them up. Stalin discovered this a long time ago. The USSR was tremendous in every conceivable way, if you listened to their own account.
From a guy who doesn’t understand economics: “They’re dying to make a deal and I said, ‘We’re not going to have deficits with your country.’ We’re not going to do that, because to me a deficit is a loss. We’re going to have surpluses or, at worst, we’re going to be breaking even,” he said.
There you go. The economic realities of trade deficits don’t matter. We’re on the cusp of a massive global recession because one guy can’t grasp even a bit of economic complexity, can’t get over his feelings about the use of the word “deficit,” and refuses to consider the possibility that he’s not right about this.
I never realized it until Trump explained: I have a huge trade deficit with my local grocery store and many other retailers. Disgusting how they've taken advantage of me over the years.
Manufacturing is ALREADY coming back after only 3 months....and I've noticed no price increase in common goods...Egg prices have dropped 55% since Trump took office...Border secured in only 3 months...
What manufacturing jobs have “come back”? When do you expect the tariff induced inflation to kick in on common goods?
A Good Man for U.S. Manufacturing Is Hard to Find
Blame government, which showers benefits on able-bodied people who don’t work while at the same time subsidizing college degrees that don’t lead to productive employment. The result is millions of idle men and millions of unfilled jobs—what an economist would call a deadweight loss to society.
So where have all the good working men gone? Some are subsisting on government benefits or living off their parents. About 17% of working-age men are on Medicaid, 7.4% on food stamps and 6.3% on Social Security (many claiming disability payouts), according to the Census Bureau. Many spend their days playing videogames and day-trading.
Friends say they’ve seen young men on dating apps claim to be working as self-employed traders, financial bloggers and even a “retired financial engineer”—apparent euphemisms for “Robinhood bros” who speculate on stocks and share tips on Reddit. When stocks were booming, many didn’t have to work in the traditional sense. After last week’s plunge, they might.
Manufacturing is ALREADY coming back after only 3 months....and I've noticed no price increase in common goods...Egg prices have dropped 55% since Trump took office...Border secured in only 3 months...
I hope that Trek, Specialized and Cannondale were not planning on shipping anything this spring/summer.
These 3 companies are basically bankrupt now as a result
Maybe all their 2025 deliveries have been received by now (or at least have been shipped from China by now)
I guess that we will have to buy European made high end bikes now.
Most of the frames on the European bikes are made in Asia. Also, while Trek does have some frames made in China, I believe most are made in Taiwan. Giant makes a lot of Trek frames. Giant also makes a lot of Scott frames and even some for Colnago.
Regardless, the bicycle industry is going to be decimated.
I hope that Trek, Specialized and Cannondale were not planning on shipping anything this spring/summer.
These 3 companies are basically bankrupt now as a result
Maybe all their 2025 deliveries have been received by now (or at least have been shipped from China by now)
I guess that we will have to buy European made high end bikes now.
Most of the frames on the European bikes are made in Asia. Also, while Trek does have some frames made in China, I believe most are made in Taiwan. Giant makes a lot of Trek frames. Giant also makes a lot of Scott frames and even some for Colnago.
Regardless, the bicycle industry is going to be decimated.
Also, the number of bike shops that are going to go out of business will rise dramatically. Just not bike shops, a lot of small businesses will be gone.
I hope that Trek, Specialized and Cannondale were not planning on shipping anything this spring/summer.
These 3 companies are basically bankrupt now as a result
Maybe all their 2025 deliveries have been received by now (or at least have been shipped from China by now)
I guess that we will have to buy European made high end bikes now.
Most of the frames on the European bikes are made in Asia. Also, while Trek does have some frames made in China, I believe most are made in Taiwan. Giant makes a lot of Trek frames. Giant also makes a lot of Scott frames and even some for Colnago.
Regardless, the bicycle industry is going to be decimated.
If the complete bicycle is assembled in Italy (for example), it is considered “Made in Italy” for customs purposes—even if many components (like derailleurs, handlebars, wheels) are sourced from other countries (e.g., Taiwan or China)
So expect more imports from Europe for bikes at least
Today's post was going to be about a new product we're introducing—but we need to hold off while we recalculate our prices. You've probably seen the news: Virtually all imports into the United States will be subjected to addi...
I never realized it until Trump explained: I have a huge trade deficit with my local grocery store and many other retailers. Disgusting how they've taken advantage of me over the years.
You should start charging yourself 50% reciprocal tariffs, and keep ratcheting them up each week until your trade deficit is gone. Eventually, if you want to eat, you'll need to quit your job and become a stock clerk at the grocery store.
Alternatively, you could start growing your own food to sell to the grocery store. You'll need to farm entirely by hand though, as you don't want to have a trade deficit with the fertilizer company or the tractor company.
Manufacturing is ALREADY coming back after only 3 months....and I've noticed no price increase in common goods...Egg prices have dropped 55% since Trump took office...Border secured in only 3 months...
I never realized it until Trump explained: I have a huge trade deficit with my local grocery store and many other retailers. Disgusting how they've taken advantage of me over the years.
You should start charging yourself 50% reciprocal tariffs, and keep ratcheting them up each week until your trade deficit is gone. Eventually, if you want to eat, you'll need to quit your job and become a stock clerk at the grocery store.
Alternatively, you could start growing your own food to sell to the grocery store. You'll need to farm entirely by hand though, as you don't want to have a trade deficit with the fertilizer company or the tractor company.
Most of the frames on the European bikes are made in Asia. Also, while Trek does have some frames made in China, I believe most are made in Taiwan. Giant makes a lot of Trek frames. Giant also makes a lot of Scott frames and even some for Colnago.
Regardless, the bicycle industry is going to be decimated.
If the complete bicycle is assembled in Italy (for example), it is considered “Made in Italy” for customs purposes—even if many components (like derailleurs, handlebars, wheels) are sourced from other countries (e.g., Taiwan or China)
So expect more imports from Europe for bikes at least
The thing is that in Peter Navarro’s new model, he envisions dynamic tariffs. I think that the math would look something like this.
Suppose: Base tariff = 10% Trade deficit increases by $5B Currency devalues 3% No new reshoring activity Let’s use illustrative coefficients: 0.5% per $1B deficit 1% per 1% devaluation -1% per 5% increase in U.S.-based production T=10%+(0.5%×5)+(1%×3)+(0)T=10%+(0.5%×5)+(1%×3)+(0)T=10%+2.5%+3%=15.5%T=10%+2.5%+3%=15.5%Result: Next quarter’s tariff = 15.5%
so with that companies cannot simply move manufacturing from China to Taiwan for example. Because, Taiwan may be hit with a higher tariff in the next quarter.
That simply causes a problem for US manufacturers. Manufacturers in other countries don’t “have to” sell to the US.
Most of the frames on the European bikes are made in Asia. Also, while Trek does have some frames made in China, I believe most are made in Taiwan. Giant makes a lot of Trek frames. Giant also makes a lot of Scott frames and even some for Colnago.
Regardless, the bicycle industry is going to be decimated.
If the complete bicycle is assembled in Italy (for example), it is considered “Made in Italy” for customs purposes—even if many components (like derailleurs, handlebars, wheels) are sourced from other countries (e.g., Taiwan or China)
So expect more imports from Europe for bikes at least
Much like bikes, and almost everything else the U.S. consumes, there is very little the U.S. can produce 100% internally. Coffee is another example which a lot more people consume that almost anything else.
The US imports a lot of coffee from Switzerland, except it is mostly ground coffee made from beans purchased from South America and Vietnam. The US produces no coffee in any state except a very small amount in Hawaii.
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