As bad as things look right now (and they look really bad), the other shoe will drop in May. Trump is going to put in place a 25% tariff on all auto parts (pretty much all although there is a finite list) starting May 3. For auto parts manufacturer on the US/Mexico and US/Canada border area, many cross the border 4-5 times before they are finished. That will result in stacking of tariffs. The effect on auto prices will be devastating for vehicles that rely on those markets for parts. $10k prices increase will be common. And the real kicker is that foreign made vehicles will actually be cheaper because they won't have the tariffs on parts.
So, as much as the markets are taking a beating right now, May 3 will be the "two" in the one-two punch that will completely tank the economy.
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Precious Roy wrote:
As bad as things look right now (and they look really bad), the other shoe will drop in May. Trump is going to put in place a 25% tariff on all auto parts (pretty much all although there is a finite list) starting May 3. For auto parts manufacturer on the US/Mexico and US/Canada border area, many cross the border 4-5 times before they are finished. That will result in stacking of tariffs. The effect on auto prices will be devastating for vehicles that rely on those markets for parts. $10k prices increase will be common. And the real kicker is that foreign made vehicles will actually be cheaper because they won't have the tariffs on parts.
So, as much as the markets are taking a beating right now, May 3 will be the "two" in the one-two punch that will completely tank the economy.He truthed Vietnam might have 0 tariffs. Hopefully this happens with other countries as well (maybe to a lesser extent): e.g. China. Nasdaq just hit bear market
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trump approval rating continues to slide, even before he personally caused a 10% stock market crash.
it's down to 46%.
I'm sure it will soon get to the same 44%ish level Biden had and stay there, unchangeable by anything other than a new great depression or his changing his pronouns to they/them.
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Oldrunningguy wrote:
Let's vote for the guy who had 6 bankruptcies, 4095 lawsuits, 88 criminal charges, 1 sexual assault conviction, 3 wives, 48 mistresses, 691 hookers, 1 insurrection, 1 mishandled pandemic, 5 layers of bronzer, 1 deceased wife under the golf course, 2 tiny hands, zero friends, zero empathy, and zero knowledge of the economy... what could possibly go wrong?
A crashed stock market, inflation, mass layoffs, companies shuttering factories, open bribery & corruption, non functioning government, and undermining of the Constitution are small prices to pay for owning the libs! -Trumphumper
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BillionairesForHire wrote:
Oldrunningguy wrote:
Let's vote for the guy who had 6 bankruptcies, 4095 lawsuits, 88 criminal charges, 1 sexual assault conviction, 3 wives, 48 mistresses, 691 hookers, 1 insurrection, 1 mishandled pandemic, 5 layers of bronzer, 1 deceased wife under the golf course, 2 tiny hands, zero friends, zero empathy, and zero knowledge of the economy... what could possibly go wrong?
A crashed stock market, inflation, mass layoffs, companies shuttering factories, open bribery & corruption, non functioning government, and undermining of the Constitution are small prices to pay for owning the libs! -Trumphumper
And all it took was will, to drop the illegal crossings to almost NOTHING. Your party encouraged that. The Stock Market will rebound, it was absurdly inflated and high to begin with.Lets take a look in 6 months, regardless of what he said he would do day one. Biden completely f'ed up everything and it took him 4 years. The same stupid, stupid TDS rhetoric is echoed by same guys on here daily. Border situation was 1-2 or 1 of 3 Voting issues, that IS fixed in under 90 days. And you actually hate that.
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agip wrote:
trump approval rating continues to slide, even before he personally caused a 10% stock market crash.
it's down to 46%.
I'm sure it will soon get to the same 44%ish level Biden had and stay there, unchangeable by anything other than a new great depression or his changing his pronouns to they/them.
Biden's approval was at 29%. You voted for president a lady with an IQ of 75. Really?!?
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king999 wrote:
BillionairesForHire wrote:
A crashed stock market, inflation, mass layoffs, companies shuttering factories, open bribery & corruption, non functioning government, and undermining of the Constitution are small prices to pay for owning the libs! -Trumphumper
And all it took was will, to drop the illegal crossings to almost NOTHING.
Unless you close the airports and stop people overstaying you haven’t actually stopped the flow.
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tex mex wrote:
Ghost of Disco Gary wrote:
Ok, Baghdad, what is your solution to eliminate our awful trade deficit?
Instead of whining, let's hear your lib plan/fix.
Well, I would do that, and we’re sitting down, and I was, somebody, we had Senator Marco Rubio, and my daughter Ivanka was so, uh, impactful on that issue. It’s a very important issue. But I think when you talk about the kind of numbers that I’m talking about, that, because, look, child care is child care is. Couldn’t, you know, there’s something, you have to have it – in this country you have to have it.
Yeah, but Biden walked slow.
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agip wrote:
Russia won.
Russia has been trying to pry apart the Western alliances for generations. Russia has also tried to keep China and the USA from working together. Russia wants the USA to turn away from the world. And of course Russia wants the USA to destroy itself from the inside.
All these things are happening because of its asset in the White House.
Our children will not forgive us.
Our children will be as stupid as we are. Don't sweat THAT one.
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Ghost of Igloi wrote:
Jeff Wigand wrote:
Igloi has nothing of substance to offer to this discussion.
And I suppose you do.
Yes. This whole administration is a joke and they should all resign.
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agip wrote:
trump approval rating continues to slide, even before he personally caused a 10% stock market crash.
it's down to 46%.
I'm sure it will soon get to the same 44%ish level Biden had and stay there, unchangeable by anything other than a new great depression or his changing his pronouns to they/them.
The midterms are a long way off and this ignorant hysteria over short term pain will be long gone by November of 2026.
Trump is trying to do what he got elected to do. If it works the Democrats are in for a long spell on the bench. If it fails the GoP will get crushed in the midterms and in 2028.
No one has any idea if it's going to work yet.
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cracker whackers wrote:
Stellantis immediately shuts down five US plants due to the trump tariffs.
Fake news. That's just a temporary re-tool, to shift to a yuuge "K Car 25" plant. Like, Russian tank factory big.
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cracker whackers wrote:
Oops!
80% were correct !!!
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What I’ve said all along. The “Trump train “ is just a long line of excuses.
We gone from he will fix it day one to begging for years to sort out his stupidity.
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Oldrunningguy wrote:
You idiots believed him! We told you not to. But you were under his pull. He captivated you with his words.
“Donald J. Trump @realDonaldTrump
If Kamala wins, you are 3 days away from the start of a 1929-style economic depression. If I win, you are 3 days away from the best jobs, the biggest paychecks, and the brightest economic future the world has ever seen”.Just another illustration that half the U.S. population has two-digit IQs.
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trump2028 ' wrote:
Cut the tariffs now! They were good in theory but the rollout didn't work as planned. Nasdaq is currently down 3.61% and was down 5.98% yesterday. Dow and S&P are similarly down about 3%
Yes, Trump's a very theoretical guy.
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LateNightEddy wrote:
The midterms are a long way off and this ignorant hysteria over short term pain will be long gone by November of 2026.
I think this is probably correct. The long-term pain--if any--will probably be more determinative in 11/26.
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Some NY lawyer. wrote:
Oldrunningguy wrote:
You idiots believed him! We told you not to. But you were under his pull. He captivated you with his words.
“Donald J. Trump @realDonaldTrump
If Kamala wins, you are 3 days away from the start of a 1929-style economic depression. If I win, you are 3 days away from the best jobs, the biggest paychecks, and the brightest economic future the world has ever seen”.Just another illustration that half the U.S. population has two-digit IQs.
More like 60%. And most people aren't on the side of the line they think they're on...
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Precious Roy wrote:
As bad as things look right now (and they look really bad), the other shoe will drop in May. Trump is going to put in place a 25% tariff on all auto parts (pretty much all although there is a finite list) starting May 3. For auto parts manufacturer on the US/Mexico and US/Canada border area, many cross the border 4-5 times before they are finished. That will result in stacking of tariffs. The effect on auto prices will be devastating for vehicles that rely on those markets for parts. $10k prices increase will be common. And the real kicker is that foreign made vehicles will actually be cheaper because they won't have the tariffs on parts.
So, as much as the markets are taking a beating right now, May 3 will be the "two" in the one-two punch that will completely tank the economy.It's just a little temporary pain. Elon won't lose one pound.
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