The offical Trump Tariff thread

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.

 

show your data and sources. I call BS.

 

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

 

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

 

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

 

bunch of words, no sources. Again, more BS. At least you are consistent.

 

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

 

Pure comedy. Still waiting on that data or source. I know we won’t ever see it.

 

Not as pathetic as lying about a wife or moving to Denmark