• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Trump issues 90 day pause on some tariffs

NOLA Dude said:
They'll be fine. We have to stop China from cheating.
Click to expand...

Reckless economic policy seldom makes things fine on Main St. Businesses like some level of predictability.
 
ScrambledEggs said:
That's what I mean. The rally felt too strong / enthusiastic given the nature of tariffs that still remain in effect, plus the 90 day can kick down the road. I'd be surprised if it holds for the next 3 months, esp with earnings on the way where CEOs will give guidance
Click to expand...

The can has been kicked down the road for 90 days.
 
gbg3 said:
Isolating China economically would certainly not be the worst idea. For those people and countries who happen to feel China is a big problem and threat to freedom worldwide - taking on China economically rather than militarily certainly makes some sense.
Click to expand...
Perhaps not, but that's not something we could do alone. We'd need to team up with our allies to push economic pressures on China. And Trump doesn't play well with others.
 
ScrambledEggs said:
Ya thats what I said
Click to expand...
I mean there is a reason for that, Europe scared Trump shitless. Little known fact Europes investment in US is far more than whole worlds investment in US by a lot and visa versa. If Europe decides not to buy US investment products or lets say government bonds, US market disintegrates.
Reality is that Europe and US hold all of the financial firepower and nobody is even close.

1744236143650.webp
 
Gimmesometruth said:
Um, the market crashed in 2000 and didn't reverse until three years later. You ought to listen to someone else
Click to expand...

Bro, you’re not making sense again, because you’re not telling me anything I don’t already know. The “smart people” were celebrating on January 3, 2001, when the NASDAQ rose 14.17% to 2,616.68. It did not make people who waited look like suckers, because it would keep grinding down until it bottomed on October 9, 2002 at 1,114 points, or 78% below its bubble peak.

Nothing in this economy fundamentally changed because Donald Trump flapped his lips again. Absolutely nothing.
 
Last edited:
JohnRawls said:
Its not, market reacts to news favouring best expectations usually since it in everyones "favour". The news was vague that everyone is getting 10% including Canada and Mexico besides China. Now its clearer that old tariffs remain, Canada/Mexico get 25% that they had, China gets 125% and rest get 10% for 90 days. Meaning that US markets will start dropping again tomorrow. He said it after the markets were close. European markets will jump up massively tomorrow and Asian ones excluding China.
Click to expand...
does the 25% on Steel & Aluminium still stand and how does the EU's reciprocal announced earlier today affect the EU's 20% tariffs ??
 
gbg3 said:
Hating "Donnie Boy" started long before tariff moves started. Hating "Donnie Boy" owns the left and they'll follow that hate absolutely anywhere it takes them. Common sense be damned - Trump hate dictates every breath.
Click to expand...
"Common sense"...about Trump and his followers?

Damn, that's rich.
 
Godric1970 said:
does the 25% on Steel & Aluminium still stand and how does the EU's reciprocal announced earlier today affect the EU's 20% tariffs ??
Click to expand...

Obviously we have an interest of 0 for 0 for self-serving reasons of getting the greatest advantage possible economically while Trump dukes it out with the rest of the world. Also the general turmoil is very beneficial for our financial markets in general.

So we won't retaliate for now and wait and go talk and negotiate. Seems that blocking debt purchases softly had its desired effect that I wrote about like a week ago. Trump wouldn't want that because the government debt would sky rocket so there is a huge chance that Europe will get its 0 for 0.
 
Chomsky said:
I think the bulk of your post is fine.

But you think what and how Trump handled China is "fine"?
Click to expand...
We have to stop Chinese excess tariffs, trade barriers and the like. While i would want a trade agreement first ( like Phase 1 under 45)
Xi 's economy is not healthy, and I dont think we can get it purely by negotiations, as a matter of fact if memory recalls we had to levy tariffs on China under Trump 45 just to get to trade negotiations
Chomsky said:
If the tariffs remain as currently, do you know what's going to occur in about a month or so at WalMarts across small-town America? Every shoppers' weekly cart price is going to double.
Click to expand...
We can diversify supply chains now after COVID. More importantly China needs to export to the USA much more then we do to China. There is no other way I can think of to pressure China to stop the trade barriers, IP theft etc.
I don't look at trade deficits as the be all and end all, but I think we are running a $300 billion/anum deficit with China!

China is a unique hegemon, and will not do "fair trade " unless it's absolutely forced to

optilogic.com

Optilogic | Mitigating China Supply Chain Issues In 2025

Learn how to mitigate China supply chain risks in 2025. Explore strategies like diversification, addressing geopolitical challenges, and leveraging Cosmic Frog to build resilient, efficient, and risk-aware supply chains.
optilogic.com optilogic.com

 
4 years of chaos.

Don't be surprised if your company starts firing people or pausing all new hires or restructuring. They have to protect themselves.
 
anatta said:
i would want a trade agreement first ( like Phase 1 under 45)
Click to expand...
Disentangling the Effects of the 2018-2019 Tariffs on a Globally Connected U.S. Manufacturing Sector
∗Aaron Flaaen Federal Reserve Board, Justin Pierce Federal Reserve Board
December 23, 2019

Abstract
Since the beginning of 2018, the United States has undertaken unprecedented tariff increases, with one goal of these actions being to boost the manufacturing sector. In this paper, we estimate the effect of the tariffs—including retaliatory tariffs by U.S. trading partners—on manufacturing employment, output, and producer prices. A key feature of our analysis is accounting for the multiple ways that tariffs might affect the manufacturing sector, including providing protection for domestic industries, raising costs for imported inputs, and harming competitiveness in overseas markets due to retaliatory tariffs. We find that U.S. manufacturing industries more exposed to tariff increases experience relative reductions in employment as a positive effect from import protection is offset by larger negative effects from rising input costs and retaliatory tariffs. Higher tariffs are also associated with relative increases in producer prices via rising input costs.

 
Bucky said:
Trump said to buy the dip.

I told you to buy the dip.

Why didn't you listen??

I listened.
Click to expand...
Looks like Trump has changed his mind on bringing manufacturing back. If he had a plan, he would stick to his plan. He has no plan.
Trump gets some kind of personal validation by trying to see how much of the news cycle he can control and by watching markets going up and down, based on his latest utterances. I remember last time he was President, it was exhausting having to keep up with the constant turmoil. Afterward It was a relief to have someone in the White House who just concentrated on competent governance,

Trump is back and so is the turmoil. We are near the end of 1/12 of his term, and it is already exhausting.
 
The bloviating blowhard blinked and then retreated buying time to come up with an incoherent excuse and still claim a win. China’s kicked him in the nuts and won’t back down. It ain’t over till it’s over.
 
Ikari said:
Perhaps not, but that's not something we could do alone. We'd need to team up with our allies to push economic pressures on China. And Trump doesn't play well with others.
Click to expand...
I agree allies putting economic pressure on China at the same time would be even more effective.
 
gbg3 said:
I agree allies putting economic pressure on China at the same time would be even more effective.
Click to expand...
Too bad Trump isn't that bright. Instead of mobilizing allies to work with him against China he is driving countries towards them on many fronts.
 
gbg3 said:
I agree allies putting economic pressure on China at the same time would be even more effective.
Click to expand...

Are you helping Europe with Ukraine? Just so you know money involved in helping you with China is 20x more loss than US sent to Ukraine combined.

Helping Ukraine is in 400 hundred billions total or so now out of which US provided 128 billion. Helping US with China will loose trillions for all sides involved.

While you are our ally, you are very shaky and untrustworthy to be a good investment right now as an ally.... Would have been different if you were balls deep in Ukraine and we could trust you.
 
You must log in or register to reply here.
Back
Top Bottom