Trumpenomics
-
So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?
For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.
@LuFins-Dad said in Trumpenomics:
So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?
For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.
Average effective tariffs across the developed world is pretty low. Typically ~2%.
Now the issue is people don’t trade tariffed goods, because… they’re tariffed. So you get to play the game of hypotheticals.
These are not effective, paid tariffs.
-
And can somebody explain to me why the countries have been the most restrictive only get 50% reciprocal (Laos has a 90% barrier, and we are reciprocating at 45%, but allies at 10% are getting exactly the same?
-
I don’t understand how you let one idiot take down a country like this. There is no national emergency.
Name a single executive order by previous Presidents that’s even in the same galaxy as impactful as this.
@xenon said in Trumpenomics:
I don’t understand how you let one idiot take down a country like this. There is no national emergency.
Name a single executive order by previous Presidents that’s even in the same galaxy as impactful as this.
It’s not 1 idiot. It’s also idiots in Congress that won’t put together enough votes to strip him of the tariff power.
-
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
“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
-
And can somebody explain to me why the countries have been the most restrictive only get 50% reciprocal (Laos has a 90% barrier, and we are reciprocating at 45%, but allies at 10% are getting exactly the same?
@LuFins-Dad said in Trumpenomics:
And can somebody explain to me why the countries have been the most restrictive only get 50% reciprocal (Laos has a 90% barrier, and we are reciprocating at 45%, but allies at 10% are getting exactly the same?
The allies aren't at 10%. Notice, coincidently, 10 is lowest anyone goes.
-
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
-
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago.
Yeah, and Reagan smacked him around over it pretty damn good. It’s okay to criticize him, Jolly.
-
And there's just no point to any of it. Our savings are being tanked, in order to initiate a process which will end up with higher prices on everything.
For factory jobs, I guess. More factory jobs.
@Horace said in Trumpenomics:
And there's just no point to any of it. Our savings are being tanked, in order to initiate a process which will end up with higher prices on everything.
For factory jobs, I guess. More factory jobs.
Trump will have to take on and break the back of organised labour to accomplish that agenda item.
But then he did say he wanted to turn the clock back to 1913. He might just succeed and lead us all into a reprise of 1914.
-
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
Having a bad idea for forty years doesn't make it any better. It just indicates an inability to listen and learn.
I was only joking
-
This post is deleted!
-
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
Having a bad idea for forty years doesn't make it any better. It just indicates an inability to listen and learn.
@Doctor-Phibes said in Trumpenomics:
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago. Be he right, be he wrong, this is not new.
Having a bad idea for forty years doesn't make it any better. It just indicates an inability to listen and learn.
Forty years ago was around the time the Reagan Administration was floating the idea of a free trade agreement with Canada. By the end of 1987 negotiators reached an agreement and the Canada USA Free Trade Agreement was signed by Reagan and Mulroney the following year.
Forty years ago was when an immature Trump must have identified as a protectionist Democrat opposed to free trade. I think he has flipped party affiliations about five or six times in the past forty years.
The forty year excuse just doesn’t stand up to any scrutiny. It is yet another lame attempt to throw in a distractor from the actual issue at hand. Namely, a bastard con masquerading as the mango Moses is determined to burn down the global economy of the last eighty years.
-
We've already seen this movie in the 60's and 70's in the US auto market. The US auto industry got protections, and got bloated. Japanese outcompeted them. Then when trade was eventually liberalized the Japanese dominated.
Trump probably holding on to the losing side of that argument since the 70s.
-
We've already seen this movie in the 60's and 70's in the US auto market. The US auto industry got protections, and got bloated. Japanese outcompeted them. Then when trade was eventually liberalized the Japanese dominated.
Trump probably holding on to the losing side of that argument since the 70s.
@xenon said in Trumpenomics:
We've already seen this movie in the 60's and 70's in the US auto market. The US auto industry got protections, and got bloated. Japanese outcompeted them. Then when trade was eventually liberalized the Japanese dominated.
Trump probably holding on to the losing side of that argument since the 70s.
Don’t forget electronics… Oh, those halcyon days of Pioneer and Magnavox… Sony? Nobody would buy that piece of shit….
Of course, instead of coming out behind Japan and eventually South Korea, this time it will be China and India.
-
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago.
Yeah, and Reagan smacked him around over it pretty damn good. It’s okay to criticize him, Jolly.
@LuFins-Dad said in Trumpenomics:
@Jolly said in Trumpenomics:
When was the first time Trump proposed tariffs?
Forty years ago.
Yeah, and Reagan smacked him around over it pretty damn good. It’s okay to criticize him, Jolly.
I just explained that Trump's view on tariffs is nothing new.
It's fine to criticize Trump, if it's warranted. Around here, demonize is a more common modality.
-
So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?
For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.
@LuFins-Dad said in Trumpenomics:
So how accurate is the chart as far as the barriers/Tariffs that the other countries are putting on US goods?
For instance, the EU at 39%… What are the tariffs or barriers they are referring to? Is it strictly customs? Are they referring to the VAT, which is on all goods sold in the EU, domestic or imported? Are these universal fees that are placed on all goods? I would appreciate more info.
It's some bullshit calculation based on the trade deficit.
-
Semiconductors are excluded specifically, but all those stocks are down as much as everything else. It'll take a while for this to settle out. I don't think Trump will be backing off.
@Horace said in Trumpenomics:
I don't think Trump will be backing off.
Not unless some more Republicans decide to grow a backbone.
