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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Trumpenomics

Trumpenomics

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  • 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
                                  • CopperC Copper

                                    @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 Offline
                                    RenaudaR Offline
                                    Renauda
                                    wrote on last edited by Renauda
                                    #64

                                    @Copper said in Trumpenomics:

                                    @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.

                                    You’re right, I am not your friend and, by the way, your disingenuous head is still up your arse.

                                    Elbows up!

                                    1 Reply Last reply
                                    • jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by
                                      #65

                                      He's alienating a lot of Trump voters on this.

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      1 Reply Last reply
                                      • X xenon

                                        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 Offline
                                        LuFins DadL Offline
                                        LuFins Dad
                                        wrote on last edited by
                                        #66

                                        @xenon said in Trumpenomics:

                                        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.

                                        I have confidence and optimism that Trump will pivot if it looks like the market will continue to plummet…

                                        The Brad

                                        1 Reply Last reply
                                        • jon-nycJ Online
                                          jon-nycJ Online
                                          jon-nyc
                                          wrote on last edited by
                                          #67

                                          lol. Does everyone get the reference?

                                          Only non-witches get due process.

                                          • Cotton Mather, Salem Massachusetts, 1692
                                          JollyJ 1 Reply Last reply
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