in parroting this lie, you're publicizing your willful ignorance. the Gazzillion $ in the tariff space is China; negotiation is still ongoing in Sweden. you're parroting the convenient lie pretending the tariff deals are done, which they're not nowhere is there more eg of TACO (Trump Again Chicken Out) than his dealings with China. you do recall Trump lifting the Export Control Restrictions on China, allowing NVDA to sell chips to the PRC, no?
s LOL. Everything Deal he “makes” is Bullshit. It is him trying to save face with NO REAL COMMITMENTS. You are so full of ****. LOL.
link will work for everyone To avoid worst of Trump tariffs, E.U. accepted a lopsided deal Balancing economic interests and security concerns, European officials said they got the best deal possible with President Donald Trump, but critics said Brussels ceded to pressure. https://wapo.st/4l0kTYe
can't vouch for Gerry Baker link will work for everyone If Trump’s Tariffs Are So Bad, Where’s the Recession? In their rush to emphasize the negatives, economists might have overlooked countervailing forces. https://www.wsj.com/opinion/if-trum...c?st=Mdtbyq&reflink=desktopwebshare_permalink excerpt: Having broken most of the rules of politics, has Mr. Trump really smashed one of the supposedly iron laws of economics too? There are three possible answers: First, it’s too early to tell. Most of the tariffs announced haven’t been in place long. Strangely enough, the uncertainty from Mr. Trump’s dizzying policy changes that was expected to have been especially destabilizing may be helping soften the blow. If importers aren’t sure whether announced duties will stay or change, they may be holding off on big price increases until they have clarity. And as we saw with the outcome of the U.S.-Japan deal last week, when the actual tariff levels come in lower than the worst fears, the psychological effect can be positive; that odd feeling of contentment you get when you discover that the $100 bill you thought you had dropped on the sidewalk was only a $20. But still, for all the unclarity, the average tariff paid by importers has indeed risen sharply—to more than 15%, up from less than 3% a year ago, so far with limited adverse consequences. Which leads us to the second possibility—the tariffs thus far have just not been big enough to cause the harm economists warned us about from full-on protectionism. The U.S. is a relatively closed economy, with imports accounting for less than 15% of gross domestic product. Perhaps the U.S. economy is simply resilient enough to withstand even bad policy, more capable of withstanding a moderate tariff shock. But this is incomplete. The average 15% tariff rate now is historically large; five times the level that prevailed previously, it is close to the average rate of around 20% on all imports under Smoot-Hawley. If the economy were simply to shrug off that level of protection, could it be that we are missing something? So third, and tantalizingly, perhaps the conventional wisdom is wrong. Or, more precisely, since no one can deny the effect of taxes are real, perhaps, in their rush to emphasize the negatives, economists have overlooked the countervailing forces at work with tariffs: The redistribution of the burden of duties between foreign exporters, U.S. importers and consumers may be reordering the balance of benefit between domestic and foreign businesses and between companies and consumers. Federal tariff revenue up to $300 billion a year will produce gains for Americans. The relative advantage of doing business in the U.S. may, as promised, start to be reflected in stronger inward investment flows. The strikingly one-sided deal Mr. Trump just inked with the European Union certainly suggests the sheer economic muscle of the U.S. has been previously under-utilized in opening up markets overseas. At this point, only the first answer can be given in confidence: It is too early to tell. But if the second or third turns out to be true, if the U.S. shrugs off or even gains from its embrace of protectionism, it will represent another blow to the already battered reputation of what was recently the West’s so-called economic consensus. more at the link
@Buck Turgidson like I said yesterday this is literally all he does in every thread. Spams every thread with MAGA propaganda that he doesn't even read himself. When you call him out on it he'll pivot to claiming hes just posting Utterly Pathetic
This is where Trump shines -- in eschewing the conventional wisdom and pursuing an alternate path that ends up being a superior outcome. He LEADS on issues whereas those -- especially in academia -- are reluctant to do so. He built a new voting coalition, emphasizing Midwestern voters in 2016. He broke from the Bush-era doctrine of appeasement and championed immigration enforcement as a signature issue. He was years ahead of his time there. He championed tariffs when all the economists and pundits said it would cause a recession and backfire -- and now with low inflation and a strong stock market, he's proven correct yet again. Trump is a bold, visionary leader -- willing to stand behind what he believes in despite the howling of the pundits and "academic elites" -- who oftentimes are people who have accomplished very little in life. Now as foreign leaders bend the knee and acquiesce to his tariffs, Trump is writing yet another chapter in his amazing legacy. GOOD DAY
LOL. The economy was STRONG when Biden left office. It does take time to drive it into a ditch. When people dealing with the higher prices caused by tariffs, eventually the spending and revenues will reflect that.
That is certainly not the view of voters -- who gave Trump the Presidency in large part because of the Biden economy and failure to contain inflation. The Biden economy was very bad, but buoyed artificially by way too much fiscal stimulus (gov't spending), which helped GDP growth but drove the runaway inflation that crippled the working class. Good for the wealthy elites, but very bad for the working class American. He knew he had to pump tons of money into the economy via government spending because his policies are simply bad for business. GOOD DAY
Another reminder America saw the fastest post covid recovery in the world and the least inflation out of any western developed nation in terms of GDP. Bidens policies did not create post covid inflation but rather zero covid in Chiha. MAGATs only know how to lie
Totally false. The US Dollar's status as the global reserve currency creates international buying of the US Dollars... which helps reduce inflation compared to other countries. This invalidates your point on inflation compared to other countries. It was the absurd levels of American government spending (fiscal stimulus) by the Biden Administration, and the resulting budget deficits, that drove years worth of pernicious inflation. Much of this spending was driven by the mandated shutdowns in Democrat-controlled states, which predictably decimated economies and forced people to rely on the government to survive (a longstanding goal of Democrats). These deficits drove the issuance of treasury notes/bills/bonds to finance the shortfall... which led to an increase in the money supply. Increases in the money supply lead directly to inflation (when you print more dollars, the value of each dollar is less... which is called inflation). It's simply supply and demand. Your intellect will cause you to struggle to understand this post. I hope you use it as an opportunity to study and improve. But odds are, you will lash out in frustrated anger because of your limited intellectual capabilities and inability to understand or explain tough concepts. GOOD DAY
You've said some stupid **** over the past few years but this is the dumbest **** you ever said. US fiscal policy is not responsible for inflation in Europe. China literally locking down their manufacturing plants for 6 months thus creating a bottleneck in supply is what created inflation. Us deficits didnt create inflation in Colombia or Japan you bozo I honestly wish you weren't such a moron so I could have educated debates with you but you're just an idiot man
The weirdest part about @El_Conquistador is he claims US fiscal spending created inflation around the world but Trump spent more on covid stimulus than biden. If his theory is covid spending created inflation then it's weird he doesnt put some of the blame on Trump. Hes just sincerely a disingenuous idiot who has no sincere beliefs.
HO HO HO Looks like astros123 had to move the goalposts and create a strawman argument instead of admitting defeat. I never said US fiscal policy drove inflation in Europe, although on the edges it probably does a little bit. My comments, as you likely are aware, related to US inflation, not Europe. Where did you even come up with that new line? You got shut down and had to create a silly argument to then argue against. A loser's game. You are unfit to debate even an average poster in the D&D. Much less the Conquistador. I just see very little rational thought and coherent thinking coming from you. But the good news is that you can read my posts and learn the ways of successful men. Clear-thinking, logic-driven, insightful analysis, backed by data and sound principle. Intellectually honest. GOOD DAY
This is absolute horse**** In my industry we have seen our landed costs of what we import go up a great deal across the board. We import from China, Brazil, Vietnam, Malaysia, Italy and on and on. We have had to increase our prices far greater than what we wanted to and then even add a 4% surcharge on top of that. Many smaller business that do what we do have not made it through the last few months. I have seen larger companies struggling a great deal with a couple of my larger clients even having to file for bankruptcy. These were companies that were doing very well until all this bs hit. Now, I will say that we have been completely honest and transparent with our clients and most understand with be the increased pricing. We are doing well but we also have some incredible process and are able to keep operating costs at a a solid level. We have also benefited by so many companies falling off. All that said, NO country is lowering costs of these goods to offset the tariffs. NO ONE. I do this literally everyday.
So let me get this straight... American companies are paying the US govt much higher tariffs that they didn't have to pay before and the solution is for the exporting companies to lower their cost to help out the American companies?
