Canadian Tariff situation gets its own thread
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@Jolly said in Canadian Tariff situation gets its own thread:
@Horace said in Canadian Tariff situation gets its own thread:
Link to videoHe sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
O'Leary presents a best case scenario of unknown (to me) plausibility, about how this tariff war could result in a zero-tariff free market between the US and Canada. Then Lutnick presents a strange case scenario where tariffs are used to fund an eradication of income tax for anybody making less than 150k. The Trump whisperers aren't cohering with each other.
@Horace said in Canadian Tariff situation gets its own thread:
@Jolly said in Canadian Tariff situation gets its own thread:
@Horace said in Canadian Tariff situation gets its own thread:
Link to videoHe sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
O'Leary presents a best case scenario of unknown (to me) plausibility, about how this tariff war could result in a zero-tariff free market between the US and Canada. Then Lutnick presents a strange case scenario where tariffs are used to fund an eradication of income tax for anybody making less than 150k. The Trump whisperers aren't cohering with each other.
Ever watch some of the Trump interviews from decades ago? Trump didn't just jump on the tariff bandwagon. He believes they are essential to protect middle class jobs and that they are strategic.
Having said that, when you consider Trump, always approach everything as a deal. While I think Trump will dig his heels in on some tariffs, some tariffs he has proposed or enacted are simply gambits in a game.
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Yeah - he’s been really clear and consistent. There is no indication that these are just a negotiation tool. How much damage are we willing to bear while we grasp that straw.
This seems like a sincerely held belief. Why don’t we just listen to what he saying. He doesn’t want any specific concession, except for Canada to be its 51st state.
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Anybody here know anybody who has "buyer remorse" from the election?
I am guess it is still too early for that to happen. Maybe best to come back to this question end June.
@taiwan_girl said in Canadian Tariff situation gets its own thread:
Anybody here know anybody who has "buyer remorse" from the election?
I’ve seen a bunch of veterans and Fed employees who were abandoned by Trump’s policies and hurting now. Said they voted for strong immigration and economy, on immigration it’s good, but the wrecking ball and chaos grenades in terms of firing civil workers and tariffs…
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Yeah - he’s been really clear and consistent. There is no indication that these are just a negotiation tool. How much damage are we willing to bear while we grasp that straw.
This seems like a sincerely held belief. Why don’t we just listen to what he saying. He doesn’t want any specific concession, except for Canada to be its 51st state.
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Trump and the Democrats approach to growing the middle class appears to be by pushing many of the lower upper class down…
I am still bewildered by this populist notion about protecting the middle class. The reason the middle class is shrinking is because they are moving UP, not down. If you want to grow the middle class, it needs to be by elevating the poor.
The Brad
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Trump and the Democrats approach to growing the middle class appears to be by pushing many of the lower upper class down…
I am still bewildered by this populist notion about protecting the middle class. The reason the middle class is shrinking is because they are moving UP, not down. If you want to grow the middle class, it needs to be by elevating the poor.
@LuFins-Dad said in Canadian Tariff situation gets its own thread:
Trump and the Democrats approach to growing the middle class appears to be by pushing many of the lower upper class down…
I am still bewildered by this populist notion about protecting the middle class. The reason the middle class is shrinking is because they are moving UP, not down. If you want to grow the middle class, it needs to be by elevating the poor.
Trump did more to elevate people out of poverty, than any President in decades. A rising tide lifts all boats and expands the middle class.
But to do that, you have to have jobs, preferably jobs that pay even unskilled, less educated workers or improperly educated workers, middle class wages. Those type jobs are primarily to be found in construction, energy production and manufacturing.
As I posted above, Trump believes in tariffs and has done so for forty years. He believes cheap energy is a primary driver of economies (note the stance on coal this week). He believes that American shipyards need more work, producing ships made from American steel. He believes that steel should be produced in America, along with other strategic items such as computer chips or cutting edge tech.
I kind of take that mindset as a whole and try to determine where Trump is going, given his core beliefs and his personality. I don't always agree with what he does, but I try to get a sense of direction.
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@LuFins-Dad said in Canadian Tariff situation gets its own thread:
Trump and the Democrats approach to growing the middle class appears to be by pushing many of the lower upper class down…
I am still bewildered by this populist notion about protecting the middle class. The reason the middle class is shrinking is because they are moving UP, not down. If you want to grow the middle class, it needs to be by elevating the poor.
Trump did more to elevate people out of poverty, than any President in decades. A rising tide lifts all boats and expands the middle class.
But to do that, you have to have jobs, preferably jobs that pay even unskilled, less educated workers or improperly educated workers, middle class wages. Those type jobs are primarily to be found in construction, energy production and manufacturing.
As I posted above, Trump believes in tariffs and has done so for forty years. He believes cheap energy is a primary driver of economies (note the stance on coal this week). He believes that American shipyards need more work, producing ships made from American steel. He believes that steel should be produced in America, along with other strategic items such as computer chips or cutting edge tech.
I kind of take that mindset as a whole and try to determine where Trump is going, given his core beliefs and his personality. I don't always agree with what he does, but I try to get a sense of direction.
@Jolly said in Canadian Tariff situation gets its own thread:
Trump did more to elevate people out of poverty, than any President in decades
NOt saying you are wrong, but what data do you use to say that?
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From the graph in the link below, real wages seem to draw pretty straight line that increases starting in about 2014 and continuing to today.
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Hey Beauregard, address the topic of the thread instead of deflecting from the discussion with your usual atavistic and false narratives in praise of your covetous MAGAt Moses.
What about Trump’s bald face lies and threats against Canada? What about the punitive sanctions?
Bet you haven’t the balls to engage the subject directly.
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Yeah regarding poverty and real wages, not sure where that claim comes from @Jolly do you have numbers to back up that claim?
Poverty reductions by President:
- Clinton: Reduced by 3.8%
- Obama: Reduced by 1.6%
- Trump: Reduced by 0.8%
Real-wage grow by President, the green line is the 1st quartile of wage earners:
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Anybody here know anybody who has "buyer remorse" from the election?
I am guess it is still too early for that to happen. Maybe best to come back to this question end June.
@taiwan_girl said in Canadian Tariff situation gets its own thread:
Anybody here know anybody who has "buyer remorse" from the election?
I am guess it is still too early for that to happen. Maybe best to come back to this question end June.
The tariff stuff has to calm down. I don't think very many of his voters were expecting the fifth fastest stock market correction in history. The global market and its efficiencies are sort of a big deal, and America's prosperity depends on it. So does America's piggy bank, the stock market.
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@taiwan_girl said in Canadian Tariff situation gets its own thread:
Anybody here know anybody who has "buyer remorse" from the election?
I am guess it is still too early for that to happen. Maybe best to come back to this question end June.
The tariff stuff has to calm down. I don't think very many of his voters were expecting the fifth fastest stock market correction in history. The global market and its efficiencies are sort of a big deal, and America's prosperity depends on it. So does America's piggy bank, the stock market.
The global market and its efficiencies are sort of a big deal, and America's prosperity depends on it. So does America's piggy bank, the stock market.
I agree.
I know I’ve said before but….
You cannot fool the market. In fact you cannot fool the market any more than you can fool the law of gravity. Any politician(s) in past who thought they could, failed. Sometimes with catastrophic consequences. This time round won’t be any different.
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Anybody here know anybody who has "buyer remorse" from the election?
I am guess it is still too early for that to happen. Maybe best to come back to this question end June.
@taiwan_girl said in Canadian Tariff situation gets its own thread:
Anybody here know anybody who has "buyer remorse" from the election?
Pretty much all the democrats, they really blew a great opportunity.
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Clearer idea about the tariffs, maybe……
https://www.cbc.ca/news/politics/trump-global-tariffs-canada-1.7484790
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Billboard Chris has an interesting proposal. Why don’t we just buy Canada? Offer every living Canadian resident $100K if they vote to become part of the US… That would be about $4 Trillion… A lot of money, but think of the resources!
The Brad
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And yes, I know it doesn’t work that way… Just found it amusing…
The Brad
