I don’t think the MAGA base has given much thought to the ramifications these trade wars are going to have in their local communities.
It can quickly become a chain reaction.
The European Commission, the bloc’s executive arm, said duties would start being collected from April 15. According to a draft document seen by CNBC in March, the tariffs target a wide range of goods, including poultry, grains, clothing and metals
I deplore Walmart and have been screaming about Walmart from the rooftops for years.
But, Walmart has decimated local economies and become the “only game in town” in many of them.
Walmart falls and a lot of those red areas will be economically crushed. They don’t have anything else to fall back on.
Walmart is one of the single largest employers in the US. And, those jobs are located in some of our most economically depressed areas.
One example of the impact farmers are feeling...
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Here Are the Places Where the Recession Has Already Begun
Towns near the Canadian border are suffering.www.theatlantic.com
And bullies ultimately reveal themselves to be cowards.Good for them.
Never thought I’d find myself cheering for China…but here we are.
Trump has the US acting like a school yard bully.
But the nations of the EU are desperate to engage in talks in a way that China isn't. China has already publicly declared that they're willing to wage a tit-for-tat tariff war, as deep and as long as is needed. Unlike anything Trump says, I believe them.Actually, after China's rebuff it seems the EU voted to levy their first round (25%) of retaliatory tariffs against Trump.
I may start a separate thread on this.
Yeah .... but Trump has yet to be named "President for Life" like Jinping has.I would argue - effectively neither of the two leaders must atone to the People.
I wonder too about large contracts. I'm about to order several hundred thousand tons of steel for my new high rise/bridge/ship etc.My HVAC guy just did the same with me, on a recent bid. He called to say he can't honor his bid, and won't know his price until his wholesaler actually delivers.
IOW, he's asking me to buy before I fully know the bid price.
This is no way to do business.
I deplore Walmart and have been screaming about Walmart from the rooftops for years.
But, Walmart has decimated local economies and become the “only game in town” in many of them.
Walmart falls and a lot of those red areas will be economically crushed. They don’t have anything else to fall back on.
Walmart is one of the single largest employers in the US. And, those jobs are located in some of our most economically depressed areas.
Ironically enough, Xi supports free trade.
Like you said...not to the US.China sells all of its cars to the entire world... minus the US. They have the rest of Earth as willing trading partners. They'll weather the economic storm far better than the US if it comes to that. Let's not forget that China locked everyone in their homes for months with little real backlash.
It will shut down the Chinese economy...or Xi will be ousted.
This is what it's all about with respect to China...
This could lead to major disengagement between the US and China.--![]()
China hits US imports with additional retaliatory tariff of 50%
Beijing to match new duties imposed by Donald Trump with effect from Thursday as trade war escalateswww.ft.com
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China has called Donald Trump's tariff "raise", matching yesterday's additional 50% tariff imposed upon Chinese goods, now placing the ball back in Mr. Trump's court.
By now, I think few of us are surprised. It appears both countries - for now - seem to be vying with ending trade relations.
I suspect the American taxpayers, besides paying the additional tariff taxes, will need to bail-out the farmers again - as we did during Donald Trump's first term.
Woe is us.
Why not China? The left is already cheering for gang members, murderers, Hamas terrorists and the assassination of the president so why not give China a little of that love?Good for them.
Never thought I’d find myself cheering for China…but here we are.
Trump has the US acting like a school yard bully.
Citizens and leaders all across the world are now cheering for China. That Trump makes a ruthless dictatorship into the "good guy".
"The president made the bold remark during a 90-minute address as he attempted to court political donors at the National Republican Congressional Committe’s annual fundraising dinner in Washington, D.C. on Tuesday evening.
“These countries are calling us up, kissing my a**” to negotiate deals on tariffs, Trump said
just hours before his reciprocal duties went into effect against dozens of nations just after midnight on Wednesday, including a 104 percent levy on Chinese imports.
“They are,” he emphasized. “They are dying to make a deal.”
The president went on to mock the tariff-deal supplicants, pretending to be them as he pitifully pleaded in a simpering voice: “Please, Sir, make a deal. I’ll do anything. I’ll do anything, Sir.”"
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Trump brags world leaders are ‘kissing my a**’ and celebrates ‘great Hannibal Lecter’
‘Please, Sir, make a deal. I’ll do anything. I’ll do anything, Sir,’ Trump mocked just hours before his sweeping reciprocal tariffs were imposedwww.independent.co.uk
China's also doing a very poor job of ass kissing.FYI - Just hours later, the EU (this morn) levied their first round of retaliatory tariffs.
Trump thinks he's an irresistible force...
...welp, here's an immovable object to prove it on. A trade partner Trump can't minimize or dominate.
Let's get this over with, so we can start picking up the pieces.
Those countries are also saying that no one is answering the phone.
Even if the administration wants to negotiate, they don't have the capacity to negotiate with 186 nations and territories all at once.
Have I mentioned lately that these people have no plan or endgame....?
Yeah, about that.
Trump is deliberately driving the global economy into a ditch. Meanwhile, Republicans are demanding big cuts to federal spending. If the Federal Reserve cuts interest rates, that will exacerbate the inflation caused by the tariffs.
Meaning this time, the US government is unlikely to provide much, if any, relief from the next recession -- which will make it much, much worse than recent recessions. The world will be lucky if it's a repeat of the 2008 recession.
Why not China? The left is already cheering for gang members, murderers, Hamas terrorists and the assassination of the president so why not give China a little of that love?
If there weren't real economic effects, it would be comical to watch. The Dunning Kruger effect always has some nice schadenfreude to it.
Just wait.Shit just got real folks. This could shut down economies.