The Trump tariffs

[mountainaire]

The devastation caused by outsourcing entire industries that were once the backbone of America and provided many men with a wage that could support a family far outweighs the damage that any temporary "market crash" could ever cause. Entire swaths of this country were plunged into decades of poverty because of this, and a few greedy people make bank off of it.

We cannot continue to limp along indefinitely with this Potemkin Village economy, where top career fields include HR women that get paid to sit on their fat asses and do nothing for 7 out of 8 hours, and firing up the money printer anytime reality starts to show to keep the illusion alive.

If we don't start actually producing things that have tangible quantifiable value again, much bigger trouble will be on the horizon.

 

[Samseau]

"Market Crash" - The market is at all time highs in US History. We can afford to lose 20, 30, even 40%, and it will still be higher than it was 30 years ago. Decades of currency debasement has caused this inflation, tariffs look like the necessary cure to the disease. The dollar will dramatically increase in value because of this.

 

[GoodShepherd]

 

[scary_robot_music]

I mostly agree with your post PurpleUrkel, but I will say this: touting Hollywood, Rock'n'Roll, cartoons and Silicon valey gadgets as cultural achievements that others are envious of is counter to your argument. Until very recently, Europe was laughing at the American fast food pop culture, until herself fell victim to the same disease. You yourself have correctly called these things satanic elsewhere in the forum.

Were they laughing at American pop culture i.e. the most popular stuff in the world? I don't remember that and I spent years living in Europe in the 1990s and early 200s. Europeans might sometimes pretend to prefer Tolstoy and Kafka to Stan Lee and James Cameron but they don't, really. When I was in Switzerland I remember being very surprised that Baywatch was on TV at least three times a day and bemused that, nevertheless, none of my Swiss coworkers would admit to watching it.

 

[NSOE]

Isn't Iran sanctioned like Russia already?

 

[magoo]

“The Japanese Stock Market, Nikkei 225, has come to circuit breaker halt, following the sharpest decline since 2020”

 

[budoslavic]

50 countries have contacted President @realDonaldTrump
to negotiate their tariffs, according to Economic Council Director Kevin Hassett.

Israel, Vietnam, Taiwan, Cambodia, and India have either removed tariffs on the U.S. or are currently in discussions to do so.

Meanwhile, the EU and China appear to be responding with retaliatory measures.

Treasury @SecScottBessent schools NBC's Kristen Welker on tariffs and economic data: "Real wages went up under Trump and down with Biden."

"What I like is data. If we look at President Trump's first term... a 20% tariff on China led to a .7% price increase over four years. That's pretty good."

"This week, everyone wants to look at the stock market going down. You know what else went down? Oil prices went down almost 15% and interest rates hit their low for the year, which impacts working Americans much more than the stock market does."

"During President Trump's first term, households saw real wages go up, which is not what happened over the past four years. That's why the bottom 50% got eviscerated."

 

[PurpleUrkel]

I mostly agree with your post PurpleUrkel, but I will say this: touting Hollywood, Rock'n'Roll, cartoons and Silicon valey gadgets as cultural achievements that others are envious of is counter to your argument. Until very recently, Europe was laughing at the American fast food pop culture, until herself fell victim to the same disease.

It's not so much envy as enjoyment. The World enjoys American "art" (movies, music, etc.) and pop culture products like Coca Cola, Levis, Disney, and they consume it and copy these American styles. This is why Trump probably has the world by the balls in a tit for tat tariff war. For example, the Japanese have made an entire billion dollar industry out of made in USA vintage clothing where they dress up in rockabilly/Elvis/James Dean 1950's style clothing complete with 1940's Levis that they routinely buy for 5K to 20K a pair. And just look at Hip Hop which came out of NYC in the 1970's and now you have copy cat "artists" of this uniquely American style from every country and language on planet Earth. Not saying this is a good thing, but it's just a fact and is what it is.

You yourself have correctly called these things satanic elsewhere in the forum.

Yes, because they mostly are. Or at least they can be. But even I myself struggle with my addiction to American pop culture as I am a pop/rock musician. Sometimes I just want to sell all my guitars because playing American style pop-rock music feels stupid and satanic and I just want to listen to Gregorian Monks chanting. I'm not sure what to do about this? It's a bit of an existential dilemma. But the point is, whether we like it or not, America is much more influential on the psyche of the world than China could ever be. What great, world renowned/famous musician has ever come out of China? I'm talking on the level of Hendrix or Robert Johnson or Doc Watson or Glen Campbell or Walter Becker or Stevie Ray Vaughn. Zero, meanwhile America has hundreds of them.

Were they laughing at American pop culture i.e. the most popular stuff in the world? I don't remember that and I spent years living in Europe in the 1990s and early 200s. Europeans might sometimes pretend to prefer Tolstoy and Kafka to Stan Lee and James Cameron but they don't, really.

 

[Get2choppaaa]

"Market Crash" - The market is at all time highs in US History. We can afford to lose 20, 30, even 40%, and it will still be higher than it was 30 years ago. Decades of currency debasement has caused this inflation, tariffs look like the necessary cure to the disease. The dollar will dramatically increase in value because of this.

Everyone having a tif needs to look at performance over time.

Net net, money contributed to a largely derisked portfolio will continue to crush money not contributed left in another investment vehicle.

We still live in the richest most prosperous time in all of human history...and the people bemoaning that (whom are generally all foreigners) can take their pessimistic view and go find other avenues of wealth acculturation or shut the fuck up.

It's literally that simple.

 

[analyst_green]

"Market Crash" - The market is at all time highs in US History. We can afford to lose 20, 30, even 40%, and it will still be higher than it was 30 years ago. Decades of currency debasement has caused this inflation, tariffs look like the necessary cure to the disease. The dollar will dramatically increase in value because of this.

This is a great opportunity to buy in to some large cap index funds at a steep discount. I'm just waiting for more panic selling next week and then it'll be time to strike. It won't take too long for the markets to go back up when people realize the tariffs are strengthening the economy.

 

[magoo]

It's literally that simple.

Nope. It´s not that simple.

If (and this is a big if) there´s no correction of course by the orange turd. What will happen is a freezing of loans. If investors/banks start to worry companies will not be able to service their debts. And this is a valid concern. Since the stock market is at least an indicator of economy health. They will not lend. And if they don´t lend. Companies will not be able to refinance their debts when bonds are due. And then the music stops. It doesn´t matter if the company had or not been affected by tariffs. When they allowed lehman to bust. They didn´t thought it would have the impact it ended up having.

All companies will be swept away by a credit crunch which the magnitude nobody can evaluate. Not even jew bankers. We can know how it starts. But not how it ends. Economy is not a button you press on and off. If fear takes a hold of people. The spiral is unavoidable. That´s why you ask first and shoot later. The largest will get bailouts. The smallest will starve. Just like in corona.

https://www.investmentnews.com/industry-news/why-investors-are-dumping-us-junk-corporate-bonds/259992

"US junk corporate bonds led the biggest slump in global high—yield debt since 2020 as the steepest American tariffs in a century triggered fears about worldwide growth.

The extra yield investors demand to own the risky debt instead of Treasuries widened 45 basis points Thursday to 386 basis points, marking the worst selloff since March 2020 at the onset of the coronavirus pandemic, the Bloomberg Global High Yield Corporate index shows."

Hey but look on the bright side. At least they didn´t make a terror attack to justify all this bullshit. Corona wasn´t an accident. It was just one phase of a plan which is being put in motion. And we are just spectators. And Trump is in it.

Now since sheep are stupid and want to be whipped. Let´s take a look of the companies who are the most hit by corona. Sorry tariffs.

Financial times and other elite mouthpieces will work like an advertisement journal:

Ok. Let´s see. They mention a company named Wayfair.

https://www.ft.com/content/b3adde75-f9ee-409e-aa59-812dcce8abfb

"Brent Olson and Tim Winstone, portfolio managers at Janus Henderson, pointed to a high-yield bond issued last month by online retailer Wayfair, which relies heavily on China and Vietnam for product supply."

https://www.wayfair.com/daily-sales

Not bad. Sending link to my wife.

In old days I would search for which companies are being hit the most in bond yelds. And scavage them. But I don´t care. Some rents. Nice vacations. And less headaches is great for me. I want to buy a house in the border with Italy.

What we are witnessing is the transfer of wealth from the private hands to the public sector. From private/corporate bonds to public bonds. Well done orange man. Well done.

If things get too bad. A war might happen.

Germany considers withdrawing 1,200-ton gold stockpile from US in riposte to Trump

Germany is considering removing an enormous stockpile of gold from a vault in New York over worries about Donald Trump’s unpredictable policies.

www.yahoo.com

 

[magoo]

It's not so much envy as enjoyment. The World enjoys American "art" (movies, music, etc.) and pop culture products like Coca Cola, Levis, Disney, and they consume it and copy these American styles. This is why Trump probably has the world by the balls in a tit for tat tariff war. For example, the Japanese have made an entire billion dollar industry out of made in USA vintage clothing where they dress up in rockabilly/Elvis/James Dean 1950's style clothing complete with 1940's Levis that they routinely buy for 5K to 20K a pair. And just look at Hip Hop which came out of NYC in the 1970's and now you have copy cat "artists" of this uniquely American style from every country and language on planet Earth. Not saying this is a good thing, but it's just a fact and is what it is.

Yes, because they mostly are. Or at least they can be. But even I myself struggle with my addiction to American pop culture as I am a pop/rock musician. Sometimes I just want to sell all my guitars because playing American style pop-rock music feels stupid and satanic and I just want to listen to Gregorian Monks chanting. I'm not sure what to do about this? It's a bit of an existential dilemma. But the point is, whether we like it or not, America is much more influential on the psyche of the world than China could ever be. What great, world renowned/famous musician has ever come out of China? I'm talking on the level of Hendrix or Robert Johnson or Doc Watson or Glen Campbell or Walter Becker or Stevie Ray Vaughn. Zero, meanwhile America has hundreds of them.

Jurassic Park, Pulp Fiction, Forrest Gump and The Shawshank Redemption were all in theatres at the same time in October of 1994.

 

[Get2choppaaa]

Nope. It´s not that simple.

If (and this is a big if) there´s no correction of course by the orange turd. What will happen is a freezing of loans. If investors/banks start to worry companies will not be able to service their debts. And this is a valid concern. Since the stock market is at least an indicator of economy health. They will not lend. And if they don´t lend. Companies will not be able to refinance their debts when bonds are due. And then the music stops. It doesn´t matter if the company had or not been affected by tariffs. When they allowed lehman to bust. They didn´t thought it would have the impact it ended up having.

All companies will be swept away by a credit crunch which the magnitude nobody can evaluate. Not even jew bankers. We can know how it starts. But not how it ends. Economy is not a button you press on and off. If fear takes a hold of people. The spiral is unavoidable. That´s why you ask first and shoot later. The largest will get bailouts. The smallest will starve. Just like in corona.

https://www.investmentnews.com/industry-news/why-investors-are-dumping-us-junk-corporate-bonds/259992

"US junk corporate bonds led the biggest slump in global high—yield debt since 2020 as the steepest American tariffs in a century triggered fears about worldwide growth.

The extra yield investors demand to own the risky debt instead of Treasuries widened 45 basis points Thursday to 386 basis points, marking the worst selloff since March 2020 at the onset of the coronavirus pandemic, the Bloomberg Global High Yield Corporate index shows."

Hey but look on the bright side. At least they didn´t make a terror attack to justify all this bullshit. Corona wasn´t an accident. It was just one phase of a plan which is being put in motion. And we are just spectators. And Trump is in it.

Now since sheep are stupid and want to be whipped. Let´s take a look of the companies who are the most hit by corona. Sorry tariffs.

Financial times and other elite mouthpieces will work like an advertisement journal:

Ok. Let´s see. They mention a company named Wayfair.

https://www.ft.com/content/b3adde75-f9ee-409e-aa59-812dcce8abfb

"Brent Olson and Tim Winstone, portfolio managers at Janus Henderson, pointed to a high-yield bond issued last month by online retailer Wayfair, which relies heavily on China and Vietnam for product supply."

https://www.wayfair.com/daily-sales

Not bad. Sending link to my wife.

In old days I would search for which companies are being hit the most in bond yelds. And scavage them. But I don´t care. Some rents. Nice vacations. And less headaches is great for me. I want to buy a house in the border with Italy.

What we are witnessing is the transfer of wealth from the private hands to the public sector. From private/corporate bonds to public bonds. Well done orange man. Well done.

If things get too bad. A war might happen.

Germany considers withdrawing 1,200-ton gold stockpile from US in riposte to Trump

Germany is considering removing an enormous stockpile of gold from a vault in New York over worries about Donald Trump’s unpredictable policies.

www.yahoo.com

This is a long message.

I probably should read it and digest it .

I'm not going to.

I think my position will continue to grow over time and yours will weaken if you're not aligned with me.

We can call it magic or whatever but I'm betting in 2 years my position will have continued to strengthen and your comments to the contrary are only due to your interests not growing concomitantly.

 

[Kiwi]

Yes, because they mostly are. Or at least they can be. But even I myself struggle with my addiction to American pop culture as I am a pop/rock musician. Sometimes I just want to sell all my guitars because playing American style pop-rock music feels stupid and satanic and I just want to listen to Gregorian Monks chanting. I'm not sure what to do about this? It's a bit of an existential dilemma.

If you're really struggling, you might need to send me your guitars to rid yourself of temptation. In return I will send you the latest Gregorian Monk Mix Tape i've made. Full of absolute bangers.

 

[GoodShepherd]

There will be no more, just more expensive shoes. (unless they backtrack) The cost of labour difference to too great! And who's gonna take the chance of building a factory when the tariffs could be repealed at any time, or at least by the time the Dems get power back. It takes time to invest and build.

Buy nice hand made leather shoes from the Amish, better than any Chinese shoes

 

[GoodShepherd]

I have a pair of US-made New Balance gym shoes. They weren't ridiculously expensive, something like $120 about ten years ago. I've had them that long and they're still in like new condition. Granted, I don't use them outdoors and only wear them when I lift weights, but the quality is excellent, much better than any shoes I've had that were made in SE Asia.

My hiking shoes and hiking boots were made in Italy. The shoes are made of microfiber and I bout them about a year ago. The boots are leather and I've had them around 12 years. They cost something like $350. Both are amazing quality, seems like they'll last for decades. If they can make footwear like that in Italy for a reasonable price, seems like we should be able to make something similar for a similar price in the US.

Granted, the boots I bought over a decade ago, so they were kind of expensive, but not really for leather boots made in Italy that are likely to last my whole life, if you think about it. I get that a 10% or 20% price increase in the cheaper, lower quality SE Asian shoes most people wear will hurt lower income people to some extent, but making shoes in the US doesn't seem like a totally crazy idea to me. In the end, maybe Americans buy shoes less often, pay more, and get better shoes that last longer.

I also own a pair of hand made leather shoes made in South Africa, its a white owned business, its the only shoes I wear, they dont hurt your feet, you can walk long distance, hike on the mountain, use them for work, to go to church, walk in the mall, its one pair of shoes for everything, you can wear them with pants or shorts no problem, they not running shoes though so for training I use running shoes or just train barefoot, a person doesnt need 100 pairs of shoes

 

[GoodShepherd]

It's not so much envy as enjoyment. The World enjoys American "art" (movies, music, etc.) and pop culture products like Coca Cola, Levis, Disney, and they consume it and copy these American styles. This is why Trump probably has the world by the balls in a tit for tat tariff war. For example, the Japanese have made an entire billion dollar industry out of made in USA vintage clothing where they dress up in rockabilly/Elvis/James Dean 1950's style clothing complete with 1940's Levis that they routinely buy for 5K to 20K a pair. And just look at Hip Hop which came out of NYC in the 1970's and now you have copy cat "artists" of this uniquely American style from every country and language on planet Earth. Not saying this is a good thing, but it's just a fact and is what it is.

Yes, because they mostly are. Or at least they can be. But even I myself struggle with my addiction to American pop culture as I am a pop/rock musician. Sometimes I just want to sell all my guitars because playing American style pop-rock music feels stupid and satanic and I just want to listen to Gregorian Monks chanting. I'm not sure what to do about this? It's a bit of an existential dilemma. But the point is, whether we like it or not, America is much more influential on the psyche of the world than China could ever be. What great, world renowned/famous musician has ever come out of China? I'm talking on the level of Hendrix or Robert Johnson or Doc Watson or Glen Campbell or Walter Becker or Stevie Ray Vaughn. Zero, meanwhile America has hundreds of them.

If you go on the Chinese app shein and temo, they basically selling American and European style clothing, they dont even use Asian models 90% of the models are white western people, nobody wants chops sticks and gowns, they know it, by cutting out asians countries from producing American inventions and products will benefit America in the long run and the Chinese wont be able to reverse engineer your stuff as much, at the moment they have all the blueprints in China, all the recipies and ingredients for your medicines too, not good.

 

[LaAguilaNegra]

Markets have opened in Asia and Europe.Trump again reaffirmed the tariffs will continue until new deals get reached aka EU and China kiss the ring.

 

[magoo]

Jewish stock market. The less scathed by chicken orange don tariffs:

TA 35 (TA35)


Tel Aviv


2.340,59
-11,71(-0,50%)

As I was writting this jew stock market went green.

TA 35 (TA35)​

Tel Aviv



2.355,24
+2,94(+0,12%)

 

[scary_robot_music]

If you go on the Chinese app shein and temo, they basically selling American and European style clothing, they dont even use Asian models 90% of the models are white western people, nobody wants chops sticks and gowns, they know it, by cutting out asians countries from producing American inventions and products will benefit America in the long run and the Chinese wont be able to reverse engineer your stuff as much, at the moment they have all the blueprints in China, all the recipies and ingredients for your medicines too, not good.

This seems true to me. I once read a fascinating book called "Poorly Made in China: An Insider's Account of the China Production Game." Looks like it was published in 2011 so it could be a little out of date now, but I think it still reflects the basic reality. One of the author's main points was that what the Chinese desperately want is American designs. They don't really design things themselves, just buy, steal, or reverse engineer Western designs, mainly American. As you point out, even if they did their own designs there would be limited worldwide demand for things that look Chinese in style.

Poorly Made in China: An Insider's Account of the China Production Game