There's nothing unnecessary about what Trump is trying to do. You can disagree with his method but calling it unnecessary is just ignorant.
And for once, I agree with this statement. Trump's strategy is perfectly coherent. He wants to negotiate deals with other countries and, to do this, he needs cards in his hand to negotiate from a position of strength. The tariffs are just cards in his hand. They do not have to make sense, they have to be painful so that the leaders of the world will come begging at his door to remove them, and then he will be able to negotiate a good deal.
It is the strategy of a not very smart 3rd grader bully, but it is a completely coherent strategy, and it may even work in some cases.
Ironic that whining about bullying is what an actual 3rd grader would do and here you are...
Business isn't teddy bears and cupcakes.
People don't care how polite you are while you're bending them over.
There's nothing unnecessary about what Trump is trying to do. You can disagree with his method but calling it unnecessary is just ignorant.
And for once, I agree with this statement. Trump's strategy is perfectly coherent. He wants to negotiate deals with other countries and, to do this, he needs cards in his hand to negotiate from a position of strength. The tariffs are just cards in his hand. They do not have to make sense, they have to be painful so that the leaders of the world will come begging at his door to remove them, and then he will be able to negotiate a good deal.
It is the strategy of a not very smart 3rd grader bully, but it is a completely coherent strategy, and it may even work in some cases.
As agip has pointed out we have not heard one clearly stated coherent objective of the tariffs and the objectives from this administration. true objectives we hear are contradictory.
we have heard at least 4 goals of the tariffs. It is hard to argue what is the best strategy when we don’t know the stated objective.
are they a negotiation tactic to lower all tariffs? the idea the US is s victim in trade is being played up a lot and the goal is to lower tariffs other nations impose on the US.
are they going to be used for tax revenue to extend Trump’s tax cuts and extend tax cuts on social security benefits and no tax on tips?
are they being used to bring manufacturing jobs to the US?
Are they going to be used so the US has a balanced or a trade surplus with each nation?
it looks there is a fracture between the admin growing today with Narvarro and Musk on what the objective is.
“Every defense of the Trump tariffs is at odds with the actual underlying policy. Like, how do you go into office thinking "We must build a durable and dependable supply chain that reduces our reliance on China, a geopolitical adversary" and then - attack the CHIPS and Science Act, which had already brought chip-factory construction to all-time highs - kick us off with 25% tariffs on Mexico and Canada - antagonize Canada with threats of invasion - announce new tariffs on Europe - raise tariffs on Asian countries where US suppliers have moved factories, in order to diversify away from China - send Peter Navarro on TV to explain that we're not negotiating ... and most importantly! ... - pursue an overall agenda of PROUD CHAOS to ensure that nobody has any idea what tariffs will be in 1 week, much less 1 month, much less 1 year, so the capital needed to finance the return of manufacturing freezes at the same time that we trash the stock market”
The thing with the market today is that it still isn’t cheap.
after a big drop the process that typically follows involves establishing an initial area of price stability, followed by a short-term rally, and then a successful test of the bottom area at least once and then the market goes upward.
this may be a different case since it was self inflicted and could be mostly repaired quickly but still likely to have long term consequences in that investors may believe there is too much chaos in the US and people don’t like to feel bullied and will buy their own nations good.
There's nothing unnecessary about what Trump is trying to do. You can disagree with his method but calling it unnecessary is just ignorant.
The economy was going in the right direction: full employment, dropping inflation rates, retirement accounts gaining value. This is a genuine question and not an argument: Why was it necessary for President Trump to upend that?
You've been lied to about the economy.
We're $36 trillion in debt with unsustainable spending.
If this isn't fixed the country is absolutely screwed.
And for once, I agree with this statement. Trump's strategy is perfectly coherent. He wants to negotiate deals with other countries and, to do this, he needs cards in his hand to negotiate from a position of strength. The tariffs are just cards in his hand. They do not have to make sense, they have to be painful so that the leaders of the world will come begging at his door to remove them, and then he will be able to negotiate a good deal.
It is the strategy of a not very smart 3rd grader bully, but it is a completely coherent strategy, and it may even work in some cases.
As agip has pointed out we have not heard one clearly stated coherent objective of the tariffs and the objectives from this administration. true objectives we hear are contradictory.
we have heard at least 4 goals of the tariffs. It is hard to argue what is the best strategy when we don’t know the stated objective.
are they a negotiation tactic to lower all tariffs? the idea the US is s victim in trade is being played up a lot and the goal is to lower tariffs other nations impose on the US.
are they going to be used for tax revenue to extend Trump’s tax cuts and extend tax cuts on social security benefits and no tax on tips?
are they being used to bring manufacturing jobs to the US?
Are they going to be used so the US has a balanced or a trade surplus with each nation?
it looks there is a fracture between the admin growing today with Narvarro and Musk on what the objective is.
And they're all contradictory.
If the objective is to fund tax cuts, then tariffs cannot be negotiated with other countries without addressing the budget deficit that would result.
If this strategy is viewed as a negotiating tactic, it becomes difficult to revitalizing domestic manufacturing, as no company is going to move to America if tariffs are removed the next day.
If the focus is to bring back manufacturing jobs, that contradicts efforts to abolish trade barriers globally as eliminating tariffs will lead to increased competition from foreign manufacturers.
The economy was going in the right direction: full employment, dropping inflation rates, retirement accounts gaining value. This is a genuine question and not an argument: Why was it necessary for President Trump to upend that?
You've been lied to about the economy.
We're $36 trillion in debt with unsustainable spending.
If this isn't fixed the country is absolutely screwed.
The debt is financed by treasury bond holders, part of everyone's retirement plan.
The economy was going in the right direction: full employment, dropping inflation rates, retirement accounts gaining value. This is a genuine question and not an argument: Why was it necessary for President Trump to upend that?
You've been lied to about the economy.
We're $36 trillion in debt with unsustainable spending.
If this isn't fixed the country is absolutely screwed.
This is a fair point. Deficit spending is too high. I
Stock indices are up BIGLY this morning! The crash is over, right Baghdad?
Oh gullible gary. No. The crash is not over. Still down 7% in a week is not 'over.'
the biggest short term rallies come in bear markets.
Stocks soar with Trump's tariffs! Trump's tariffs have transformed the American economy so that it works for the common American man instead of for godless liberal foreign enemies around the globe drinking soy lattes and removing god from schools.
Keep: 10% base tariff. That provides income to pay for income tax cuts. and an incentive to onshore mfgring.
Ditch: Punitive tariffs, after getting promises from countries to buy US stuff. This will mostly be agricultural stuff.
Make example of: Some country that refuses to play ball. Just take a bat to all its windows. The rest of the nations will learn not to say no to big bad America.
Say: Trump broken open multiple markets to American stuff! The return of the deal king! You're welcome!
Figuring out the unintended consequences of such socialism-style big government economic strategies will be difficult. A one-time inflationary shock from the 10% tariffs. Probably good news for agriculture. A big tax on poor and middle income America.
This post was edited 3 minutes after it was posted.
Elon Musk calls Peter Navaro "Dumber than a sack of bricks."
The implosion of the administration is underway.
You are a moron. Ron Navarro's tariff ideas have saved the American economy which was completely destroyed by Biden in all facets of the word. The liberals plundered American generational wealth and handed it over to the globalists around the world, while Americans stagnated at home, shuffling off to endless, miserable job conditions, living like trudging automatons with endless toil for pissant wages, while the liberal fat cats up in corporate stuffed green American cash into foreign banks.
The debt is financed by treasury bond holders, part of everyone's retirement plan.
And how much do you think those bonds will be worth when the US defaults?
When will the US default?
Currently treasury bonds are benchmarked by the rest of the world as 'risk-free' and therefore there's not a shortage of people willing to lend the treasury money.
But if the debt is a problem, tagging the private sector with tariffs and slashing the public sector with cuts, is a surefire way to increase it.
The Supreme Court has upheld the Rule of Law in our Nation by allowing a President, whoever that may be, to be able to secure our Borders, and protect our families and our Country, itself. A GREAT DAY FOR JUSTICE IN AMERICA!