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Dow UP over 1300 point pretrade and now opens just as big.

These tariffs are really going to hurt the American consumer while allowing China to establish itself as the world's new predominant trade partner. No matter what happens with the tariffs, America will never be a trusted trade partner again. Countries will approach the US as they traditionally approached China......it's all so bizarre
 
trumptman said:



You could tell they were going to open well when there was no daily doomsday thread about futures and how the markets had done in Japan.

This is huge out the gate but also as I said, many folks are making money today. Some see panic. Others see opportunity.
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911Sparky said:
I thought the tariffs were to encourage manufacturing to return to the US? You guys need to settle on a single story.
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Manufacturing isn't going to return to the US on whole, though. That ship sailed long ago. When we made the US Dollar the default global trade currency, manufacturing left America. It's not coming back, not to what it was.
 
911Sparky said:
I thought the tariffs were to encourage manufacturing to return to the US? You guys need to settle on a single story.
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Why? Is there a single story? I always thought the tariffs were to get other countries to reduce their tariffs,
and the make the playing field more level.
 
This is going to destroy the global power of the US dollar.
 
trumptman said:
You could tell they were going to open well when there was no daily doomsday thread about futures and how the markets had done in Japan.
This is huge out the gate but also as I said, many folks are making money today. Some see panic. Others see opportunity.
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D'oh!

1744136959723.png
 
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trumptman said:



You could tell they were going to open well when there was no daily doomsday thread about futures and how the markets had done in Japan.

This is huge out the gate but also as I said, many folks are making money today. Some see panic. Others see opportunity.
Click to expand...

"I think its going very well"
- Mad Orange King Donald

Image 4-8-25 at 1.13 PM.webp
 
Federal
tshade said:
...worst argument ever...........damn right it's a tax. What would you call a "tax" them??????
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state and federal sales and income tax. Europe’s VAT.
 
poweRob said:
This is trumps TOP economic advisor.

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Unbelievable, and yet it's actually true. And there's more:

Report: Kushner found Trump advisor Navarro by browsing Amazon​

Kushner, President Trump’s son-in-law and senior adviser, was asked by Trump to do research on China, and turned to Amazon, the report said.​
​
There, he found a book co-written by Peter Navarro and was struck by its title, “Death by China.”​
​
Kushner then cold-called Navarro and invited him to be an adviser to the Trump campaign, according to the report. Navarro now directs the White House National Trade Council and serves as the Assistant to the President.​
​
I guess Kushner was very impressed by "Ron Vara." :LOL:

So we shouldn't be surprised that Trump slapped disastrous tariffs on countries based on a ridiculous formula someone pulled out of their ass the night before the announcement.
 
jpn said:
Unbelievable, and yet it's actually true. And there's more:

Report: Kushner found Trump advisor Navarro by browsing Amazon​

Kushner, President Trump’s son-in-law and senior adviser, was asked by Trump to do research on China, and turned to Amazon, the report said.​
​
There, he found a book co-written by Peter Navarro and was struck by its title, “Death by China.”​
​
Kushner then cold-called Navarro and invited him to be an adviser to the Trump campaign, according to the report. Navarro now directs the White House National Trade Council and serves as the Assistant to the President.​
​
I guess Kushner was very impressed by "Ron Vara." :LOL:

So we shouldn't be surprised that Trump slapped disastrous tariffs on countries based on a ridiculous formula someone pulled out of their ass the night before the announcement.
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When there are two paths, this administration always opts for the path of lazy and stupid.
 
iliveonramen said:
When there are two paths, this administration always opts for the path of lazy and stupid.
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If someone's thought process is "this guy is telling me what I want to hear therefore I should hire them as an advisor" then there's nothing to really be done about their judgment.
 
Grogu said:
I love how some people still don’t grasp the concept of volatility, and we’ve got volatility the likes that we’ve never seen before. 😁
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The vix only briefly touched 60. In 2008, it would close above 70.
 
jpn said:
Unbelievable, and yet it's actually true. And there's more:

Report: Kushner found Trump advisor Navarro by browsing Amazon​

Kushner, President Trump’s son-in-law and senior adviser, was asked by Trump to do research on China, and turned to Amazon, the report said.​
​
There, he found a book co-written by Peter Navarro and was struck by its title, “Death by China.”​
​
Kushner then cold-called Navarro and invited him to be an adviser to the Trump campaign, according to the report. Navarro now directs the White House National Trade Council and serves as the Assistant to the President.​
​
I guess Kushner was very impressed by "Ron Vara." :LOL:

So we shouldn't be surprised that Trump slapped disastrous tariffs on countries based on a ridiculous formula someone pulled out of their ass the night before the announcement.
Click to expand...
And____________?
 
and as 11:46 AZ time the Dow is only up 57. Still way down from what it was before the tariff war started.
 
Variant said:
If someone's thought process is "this guy is telling me what I want to hear therefore I should hire them as an advisor" then there's nothing to really be done about their judgment.
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Excellent point.

As if authoritarians ever want pointy-headed intellectual types to advise them.
 
longview said:
Why? Is there a single story? I always thought the tariffs were to get other countries to reduce their tariffs,
and the make the playing field more level.
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1) A "level playing field" means higher prices for American consumers. If a foreign import costs $100 and a tariff makes it $130, that $30 goes to the government, but you're still getting the same product.

2) There is no such thing as a level playing field. Under capitalism, the point is to allow everyone to compete based on their advantages. If another country can make something cheaper, the global economy benefits, because it means more resources can be spent on things we’re better at.
 
This administration is hemorrhaging Wall St support. They have to temper the size and scope of these tariffs or make some deals right now.

I fully support resetting world trade but there has to be some sanity in the approach.
 
aociswundumho said:
1) A "level playing field" means higher prices for American consumers. If a foreign import costs $100 and a tariff makes it $130, that $30 goes to the government, but you're still getting the same product.

2) There is no such thing as a level playing field. Under capitalism, the point is to allow everyone to compete based on their advantages. If another country can make something cheaper, the global economy benefits, because it means more resources can be spent on things we’re better at.
Click to expand...


I agree but there's a lot more that goes into it. Take for example granting China favored trade status in 2000. Manufacturing exploded in China as did wage growth while in the US we've lost 60,000 factories and US wage growth has stagnated. Especially for the lower quantiles.

Sure we want free trade but our leaders have to be just a little smarter and thoughtful how we go about it so we don't crush our own working class.
 
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