Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • Users
  • Groups
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse

The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

Scheduled Pinned Locked Moved General Discussion
897 Posts 19 Posters 17.3k Views
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • HoraceH Offline
    HoraceH Offline
    Horace
    wrote on last edited by Horace
    #44

    I don't see any good end to the tariffs other than better trade agreements, after which the tariffs go away. Trump presents them as a good thing in and of themselves, but at best they seem to be a stick to inflict pain on ourselves and others, with others being hit harder. The jobs that come into America will be anti-competitive, and will raise prices. A car built by Americans getting paid American wages will not be profitable at the current prices, even without tariffs. Same goes for any product built using cheap labor.

    I guess there's an argument to be made about how inhumane all that cheap labor was. I don't suppose that argument is being made now, though there used to be murmurs of it from the left.

    Education is extremely important.

    X 1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by jon-nyc
      #45

      I’m old enough to remember when leftist kids protested the WTO. Remember the big protest in Seattle?

      I’m not sure what their point was. It’s not clear to me if they did either.

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      1 Reply Last reply
      • taiwan_girlT Offline
        taiwan_girlT Offline
        taiwan_girl
        wrote on last edited by
        #46

        Most of them I think are from government layoffs

        U.S.-based employers cut more jobs this February than in any February in 16 years, according to a new report from outplacement firm Challenger, Gray and Christmas.

        This year, employers announced 172,017 job cuts — the most the shortest month has seen since 2009,

        and

        The Labor Department will release the official February jobs report Friday morning.

        1 Reply Last reply
        • HoraceH Horace

          I don't see any good end to the tariffs other than better trade agreements, after which the tariffs go away. Trump presents them as a good thing in and of themselves, but at best they seem to be a stick to inflict pain on ourselves and others, with others being hit harder. The jobs that come into America will be anti-competitive, and will raise prices. A car built by Americans getting paid American wages will not be profitable at the current prices, even without tariffs. Same goes for any product built using cheap labor.

          I guess there's an argument to be made about how inhumane all that cheap labor was. I don't suppose that argument is being made now, though there used to be murmurs of it from the left.

          X Offline
          X Offline
          xenon
          wrote on last edited by xenon
          #47

          @Horace said in Trumpenomics:

          I don't see any good end to the tariffs other than better trade agreements, after which the tariffs go away. Trump presents them as a good thing in and of themselves, but at best they seem to be a stick to inflict pain on ourselves and others, with others being hit harder. The jobs that come into America will be anti-competitive, and will raise prices. A car built by Americans getting paid American wages will not be profitable at the current prices, even without tariffs. Same goes for any product built using cheap labor.

          I guess there's an argument to be made about how inhumane all that cheap labor was. I don't suppose that argument is being made now, though there used to be murmurs of it from the left.

          If you play out the long game. Countries with no trade barriers will eventually overtake you in terms of making things in a cheaper way. Then you’ll have to put more tariffs on to protect yourself from their output.

          We did tariffs for hundreds of years before we didn’t.

          I’m on board with tariffs against countries that are doing predatory investments to shake out the market (eg China). But even then… there’s massive benefits to the consumers of other countries that get subsidized goods.

          1 Reply Last reply
          • JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #48

            A Chevy truck has a 10% tariff in Germany, while a German Mercedes has around a 2% tariff in the U.S. Or so I've heard.

            It needs to be corrected, but Mercedes probably isn't going to dump cars in the U.S. Chinese EV makers, OTOH...

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

            1 Reply Last reply
            • jon-nycJ Online
              jon-nycJ Online
              jon-nyc
              wrote on last edited by
              #49

              Heritage Foundation (Project 2025 authors) are now retconning previous papers about tariffs.

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              taiwan_girlT 1 Reply Last reply
              • jon-nycJ jon-nyc

                Heritage Foundation (Project 2025 authors) are now retconning previous papers about tariffs.

                taiwan_girlT Offline
                taiwan_girlT Offline
                taiwan_girl
                wrote on last edited by
                #50

                @jon-nyc said in Trumpenomics:

                Heritage Foundation (Project 2025 authors) are now retconning previous papers about tariffs.

                But there are still some articles up. So maybe only that one guy. 🤷

                https://www.heritage.org/trade/report/do-no-harm-tariffs-and-quotas-hurt-the-homeland

                Tariffs are taxes on Americans, and quotas cut businesses off from valuable goods that provide Americans with more choice.

                Imports are integral to the competitiveness of domestic producers—and increasing their prices or limiting imports hurts Americans.

                Both tariffs and quotas decrease freedom, disrupt supply chains, and artificially change prices.

                1 Reply Last reply
                • jon-nycJ Online
                  jon-nycJ Online
                  jon-nyc
                  wrote on last edited by jon-nyc
                  #51

                  Reminded again of the Napoleon quote. I’m not surprised every man has his price. I’m surprised how low it is.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • jon-nycJ Online
                    jon-nycJ Online
                    jon-nyc
                    wrote on last edited by
                    #52

                    Bessent: Low prices are overrated.

                    Only non-witches get due process.

                    • Cotton Mather, Salem Massachusetts, 1692
                    1 Reply Last reply
                    • HoraceH Offline
                      HoraceH Offline
                      Horace
                      wrote on last edited by
                      #53

                      If the only cheap things in America are the words used by the Trump administration when they tell people that prices don't matter, they are not long for power. Obviously. They must know that.

                      Education is extremely important.

                      1 Reply Last reply
                      • HoraceH Offline
                        HoraceH Offline
                        Horace
                        wrote on last edited by
                        #54

                        A fuller context of the quote might have to do with standard of living and income relative to prices, which could make some sense, but the runway needed for that sort of momentum in the face of immediately higher prices, is not there.

                        Education is extremely important.

                        1 Reply Last reply
                        • jon-nycJ Online
                          jon-nycJ Online
                          jon-nyc
                          wrote on last edited by
                          #55

                          Good point from Alex Tabarrok, GMU colleague of Hanson, Caplan, and Cowen.

                          Only non-witches get due process.

                          • Cotton Mather, Salem Massachusetts, 1692
                          HoraceH 1 Reply Last reply
                          • jon-nycJ jon-nyc

                            Good point from Alex Tabarrok, GMU colleague of Hanson, Caplan, and Cowen.

                            HoraceH Offline
                            HoraceH Offline
                            Horace
                            wrote on last edited by
                            #56

                            @jon-nyc said in Trumpenomics:

                            Good point from Alex Tabarrok, GMU colleague of Hanson, Caplan, and Cowen.

                            That's what I just wrote, but I fleshed it out a bit. Did you post that for the people who have me blocked?

                            Education is extremely important.

                            taiwan_girlT 1 Reply Last reply
                            • HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by
                              #57

                              The stock market continues to hemorrhage bigly.

                              Education is extremely important.

                              Doctor PhibesD 1 Reply Last reply
                              • X Offline
                                X Offline
                                xenon
                                wrote on last edited by
                                #58

                                I’ve heard people say it’s all about confidence and optimism.

                                Perhaps investors think Trump doesn’t have the right temperament this time around.

                                Or maybe it’ll be fine tomorrow… who knows.

                                LuFins DadL JollyJ 2 Replies Last reply
                                • CopperC Offline
                                  CopperC Offline
                                  Copper
                                  wrote on last edited by Copper
                                  #59

                                  Every tariff discussion should be grounded in two key numbers: 50 and 33

                                  Every tariff discussion should be grounded in one key question.

                                  Does this tariff help in the coming war against China?

                                  Lose that war, and the rest of this doesn't matter.

                                  RenaudaR 1 Reply Last reply
                                  • CopperC Copper

                                    Every tariff discussion should be grounded in two key numbers: 50 and 33

                                    Every tariff discussion should be grounded in one key question.

                                    Does this tariff help in the coming war against China?

                                    Lose that war, and the rest of this doesn't matter.

                                    RenaudaR Offline
                                    RenaudaR Offline
                                    Renauda
                                    wrote on last edited by Renauda
                                    #60

                                    @Copper said in Trumpenomics:

                                    Every tariff discussion should be grounded in two key numbers: 50 and 33

                                    Every tariff discussion should be grounded in one key question.

                                    Does this tariff help in the coming war against China?

                                    Lose that war, and the rest of this doesn't matter.

                                    Then if that is the parallel world you live in, MAGAt USA should immediately stop shitting on its friends and allies with punitive sanctions disguised as tariffs, and extortionist threats. Would help too to your perfidious demagogue president would stop licking Putin’s ass.

                                    My next elbow will be a hell of lot harder if you come back at me with your usual disingeuous and passive aggressive snark

                                    Elbows up!

                                    jon-nycJ CopperC 2 Replies Last reply
                                    • RenaudaR Renauda

                                      @Copper said in Trumpenomics:

                                      Every tariff discussion should be grounded in two key numbers: 50 and 33

                                      Every tariff discussion should be grounded in one key question.

                                      Does this tariff help in the coming war against China?

                                      Lose that war, and the rest of this doesn't matter.

                                      Then if that is the parallel world you live in, MAGAt USA should immediately stop shitting on its friends and allies with punitive sanctions disguised as tariffs, and extortionist threats. Would help too to your perfidious demagogue president would stop licking Putin’s ass.

                                      My next elbow will be a hell of lot harder if you come back at me with your usual disingeuous and passive aggressive snark

                                      jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by
                                      #61

                                      @Renauda said in Trumpenomics:

                                      Would help too to your perfidious demagogue president would stop licking Putin’s ass.

                                      Let's not rush to judgement. He may just be licking the base of his own pinky. You can't really tell.

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      1 Reply Last reply
                                      • RenaudaR Renauda

                                        @Copper said in Trumpenomics:

                                        Every tariff discussion should be grounded in two key numbers: 50 and 33

                                        Every tariff discussion should be grounded in one key question.

                                        Does this tariff help in the coming war against China?

                                        Lose that war, and the rest of this doesn't matter.

                                        Then if that is the parallel world you live in, MAGAt USA should immediately stop shitting on its friends and allies with punitive sanctions disguised as tariffs, and extortionist threats. Would help too to your perfidious demagogue president would stop licking Putin’s ass.

                                        My next elbow will be a hell of lot harder if you come back at me with your usual disingeuous and passive aggressive snark

                                        CopperC Offline
                                        CopperC Offline
                                        Copper
                                        wrote on last edited by
                                        #62

                                        @Renauda said in Trumpenomics:

                                        @Copper said in Trumpenomics:

                                        Every tariff discussion should be grounded in two key numbers: 50 and 33

                                        Every tariff discussion should be grounded in one key question.

                                        Does this tariff help in the coming war against China?

                                        Lose that war, and the rest of this doesn't matter.

                                        Then if that is the parallel world you live in, MAGAt USA should immediately stop shitting on its friends and allies with punitive sanctions disguised as tariffs, and extortionist threats. Would help too to your perfidious demagogue president would stop licking Putin’s ass.

                                        My next elbow will be a hell of lot harder if you come back at me with your usual disingeuous and passive aggressive snark

                                        You don't seem to be a friend.

                                        Check your spelling.

                                        RenaudaR 2 Replies Last reply
                                        • HoraceH Horace

                                          The stock market continues to hemorrhage bigly.

                                          Doctor PhibesD Offline
                                          Doctor PhibesD Offline
                                          Doctor Phibes
                                          wrote on last edited by
                                          #63

                                          @Horace said in Trumpenomics:

                                          The stock market continues to hemorrhage bigly.

                                          Maybe it's all a cunning plan to make TruthSocial look more appealing than nVidia.

                                          I was only joking

                                          1 Reply Last reply
                                          Reply
                                          • Reply as topic
                                          Log in to reply
                                          • Oldest to Newest
                                          • Newest to Oldest
                                          • Most Votes


                                          • Login

                                          • Don't have an account? Register

                                          • Login or register to search.
                                          • First post
                                            Last post
                                          0
                                          • Categories
                                          • Recent
                                          • Tags
                                          • Popular
                                          • Users
                                          • Groups