The New Coffee Room

It’s TDS to think the largest tax hike in history should go through Congress.

@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.

https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/

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.

@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.

There's no time limit on stupid, I guess.

He's got his yes men around him now. This time around is different.

@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.

@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.

@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.

Finally our kids can work in sock factories instead of those damned Vietnamese.

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.

So… back to what Zelensky was saying in the White House. How do you trust anything Putin says?

The new thing this term is that you have to take him literally, not just seriously. He really wants his fans to be tired of winning.

@Copper said in The Rant:

The democrats spent a lot of money to create that girl.

Do they think it is worth it?

Do you think this woman doesn’t exist in Canada or Europe?

We use ours multiple times a weeks. We started out using it only for Indian food, but it’s great for braising meat too.

I’ll often brown a piece of chuck then put it in the oven for low and slow.

I have a cheap one, not le creuset or staub. My first one lasted about five years before it chipped. Bought another cheap one. If it chips again I’ll get a premium one.

You know what’s crass, these dorks ogling their neighbor’s lands. Especially when those neighbors find it disgusting.

@jon-nyc same

@Horace said in Trumpenomics:

It will never not be advantageous to have solid trade relations. That principle will last longer than emotion, and America can effect a practical apology at the ballot box, if it comes to that.

People are starting to get laid off, it hasn’t quite taken off, but things could get bad if these tariffs stay on.

I don’t think people decide to give US another chance that easily if Trump remains obstinate.

At the margin this will be a risk in every business case going forward.

@Mik said in 400,000:

He didn't start that way, but when Newt's GOP crushed the Democrats in the 94 midterms he just pivoted and very masterfully stole their platform. Didn't call him Slick Willy for nothing.

Carney is doing a similar thing in Canada right now. He’s adopting some of the policy positions from Conservatives and dropping the MAGA overtones.

I go to Canada every two weeks or so. I don’t think you guys have any idea how big of an issue this stuff is over there. I’ve never seen Canadians so unanimously feel any emotion like this….. that’s a lie the international hockey tournaments are the only comparable.

For example - Canadians who have been in lock step with US on opposition to China are now considering aligning with China..

I had a similar thought. Bill Clinton would look downright conservative by today’s standards.

@LuFins-Dad said in Trumpenomics:

@jon-nyc said in Trumpenomics:

Nope. And that’s the bitch of it, ain’t it?

What do you like most? (I’m not saying there aren’t any pros, more trying to understand which ones outweigh burning down our trade relationships)

That’s the one issue that’s got me floored and up in arms, I suppose. Everything else I’d be happy to tune out like I did with Biden.