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The offical Trump Tariff thread

Discussion in 'BBS Hangout: Debate & Discussion' started by astros123, Feb 1, 2025.

  1. dobro1229

    dobro1229 Member

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    Do I need to translate to Russian for you to understand what I wrote? Read again… use google translate if you need to.
     
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  2. Mr.Scarface

    Mr.Scarface Member

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    I guess you don't buy tech (The new iPhone is about to be more expensive) or Build your gaming PC. The most powerful GPU (Nvidia 5090) spiked by a $1000 for all models except for the Founder's edition. I saw the 5080s change price within 2 hours at Microcenter in April...cards went up $200 when I was shopping at MC as old stock (under old price sold out) and new stock took its place. Prices have come down as people rejected the higher prices, but they will not reach pre-tariff prices even with lower demand. Some businesses have absorbed the cost, but they won't last forever. By Christmas time, you will see higher prices for everything.
     
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  3. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    The data (not your single-company anecdote) shows that foreign producers are absorbing the tariff. That's what the CPI data shows and leading economists and even CNN agrees -- see my previous post. Proctor & Gamble is not a foreign producer. Once again you fail to pay attention to details. I teach those around me that excellence is in the details. For you attention to detail is a shortcoming.

    Read it and weep (at the lack of inflation, LOL)

    So, has anything actually gotten more expensive because of Trump’s tariffs?
    Predictions from mainstream economists were dire after President Donald Trump launched his tariff campaign just a couple weeks after he began his second term in office: Prices would rise — sharply — they said, reigniting an inflation crisis that tens of millions of Americans had elected him to solve.

    But that massive, tariff-induced inflation spike hasn’t materialized. Not even close.

    Consumer prices rose just 2.4%, annually, last month, according to the Bureau of Labor Statistics. That was less than economists had expected, and only slightly higher than the 2.3% rate in April, which was the US economy’s lowest inflation since February 2021. According to the Personal Consumption Expenditures price index most closely followed by the Federal Reserve, core inflation — which strips out volatile items like food and gas prices — fell to 2.5% in April. That was the lowest reading since March 2021.

    That’s a far cry from what economists and consumers have predicted. Month after month, inflation has fallen short of Wall Street’s expectations, as American businesses said they would be forced to hike prices as a result of historically high tariffs.
    https://www.cnn.com/2025/06/20/business/tariff-price-increases-inflation-explained


    GOOD DAY
     
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  4. StupidMoniker

    StupidMoniker I lost a bet

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    Yes, it is always easier to attack a straw man. I, of course, have never supported Trump and voted against him. But what are facts in the face of this cutting analysis?
     
  5. adoo

    adoo Member

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    Traitor George,

    you're too uninformed to understanding that the trade negotiation with China has ended, w no agreement;
    it appears that Trump will make another TACO move, to pause again.​
     
  6. astros123

    astros123 Member
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    Corporations- yes we are raising our prices starting from next month. We will pass along the tariff expense.

    MAGATS- Corporations are lying! Read this article! Trump told us differently !

    Every day I realize just how clueless you cultists truly are
     
  7. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    The US economy is POWERING AHEAD. Growth surged in Q2 2025 -- Trump's policies are working. The libs frustration is reaching record highs.

    U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit
    The U.S. economy grew at a much better than expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday.

    Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April-through-June period, according to figures adjusted for seasonality and inflation.


    https://www.cnbc.com/2025/07/30/gdp-q2-2025-.html
     
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  8. adoo

    adoo Member

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  9. adoo

    adoo Member

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    earth to Traitor George, the new tariffs are not in effect. in fact, it appears that Trump will be taking another TACO stance on China imports,
    expect another pause.

    once again, for the education of Traitor George, for Q2 2025, the old tariffs were still in effect.

    while Traitor George merely cut n past catchy headlines, here is a nuanced description of the GDP data for Q2.


    US economic growth likely rebounded in Q2,
    but with weak underlying details

    , as the flow of imports subsided but with consumer spending anticipated to have increased moderately and
    business investment in equipment stalled that would grossly exaggerate the economy's health.


    Trump's TAO moves, pauses after pauses, as well as the lifting of export control restrictions on chip sales to China,
    have muddied the economic picture​
     
    #2670 adoo, Jul 30, 2025 at 9:30 AM
    Last edited: Jul 30, 2025 at 9:36 AM
    astros123 likes this.
  10. Amiga

    Amiga Member

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    Q2 GDP got a boost from a smaller trade deficit, but the underlying demand is weak- tariffs distort everything, and in the end, consumers pay more.


    GDP = C + I + G + (Net exports)
    C = Consumption
    I = Investment
    G = Government spending
    Net exports = Exports – Imports

    The trade deficit shrank in Q2, or net exports became less negative, which boosted GDP.

    The trade deficit narrowed because imports declined by 4.2%, while exports declined by only 0.6%. This is why economists had already expected GDP to look solid in Q2, but with weaker fundamentals, which is exactly what the report confirms.

    Tariffs (and how it's being implemented) cause all kinds of chaos and distortion. But one thing is clear: consumers pay more, demand goes down, prices go up, and the economy weakens. Once the chaos subsides (tariffs remain at various rate, but it's done), businesses can plan again and consumer has to just accept the new reality of higher prices. The distortions, like stockpiling before tariff hikes, will eventually settle. In the end, the economy will be less efficient, and consumers will pay more.

    The fed is holding steady because of this distortion and they are expecting higher inflation.


    US goods trade deficit shrinks in likely boost to second-quarter GDP | Reuters
    U.S. trade deficit in goods plummets in April, pointing to stronger second-quarter GDP | Morningstar
     
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  11. adoo

    adoo Member

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    Bloomberg is reporting that another Trump TACO is coming, as it relates to the China trade deal.


    Chinese trade negotiators and the White House said both sides are looking to potentially extend talks beyond an August deadline
    to resolve wide-ranging tariff disputes triggered by Donald Trump’s global trade war.

    • The original 90-day suspension of trade hostilities in May saw the US president retreating from sky-high tariffs that threatened to cut off bilateral trade between the world’s largest economies.
    • Now another 90-day delay is a possibility, according to US Treasury Secretary Scott Bessent. Chinese trade negotiator Li Chenggang confirmed that both sides agree on maintaining the truce, without elaborating on how long.
     
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  12. astros123

    astros123 Member
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  13. astros123

    astros123 Member
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    #2675 astros123, Jul 30, 2025 at 5:23 PM
    Last edited: Jul 30, 2025 at 6:09 PM
  14. Mr.Scarface

    Mr.Scarface Member

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    I guess you just ignored my post about Tech products because...you know...they have went up.
     
  15. adoo

    adoo Member

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    that’s putting it mildly. Add to the chaos Trump’s TACO stance / back-pedaling, and more of them, you have an economic picture that is clear as mud.

    but that hasn’t stopped less-than-informed people declaring that Trump is winning the tariffs/ trade war, and Traitor George parroting the convenient lie.
     
  16. peleincubus

    peleincubus Member

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    A summation of Trump supporters watching FoxNews these past few decades.

    "The Billionaires pay the Millionaires to convince the people making 50k per year that the problem is the people making 25k a year."
     
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