Trump Tariffs
 

The new Trump tariffs have certainly caused some excitement this week. And some pretty funny Penguin jokes. Not sure if the tariffs will work as desired, time will tell.
A couple of thoughts on his escalating trade war:

All other countries now suck! To do my part. I got rid of the Canada Ginger Ale that was sitting in the garage for the last 10 years. Also, not drinking any more Moosehead or that chihuahua piss Corona Light until further notice. Going to continue not watching any NBA games. But now it’s because there might be some euro trash playing.

The March jobs report came out higher. So that proves the tariffs are already working.

6 trillion wiped out. Watched the news and the talking head said she didn’t care about her 401k. And neither did any of the other rich people she knew. Hmmm… Luckily, a drop in the stock market only affects Lefties who don’t like Tesla anymore and poor people. No harm no foul.

If millions of manufacturing jobs come roaring back what will happen to all the robots that Elon is building? Maybe if they have a bunch of robot kids everything will equal out.

The left absolutely owns the cultural train wreck that was ruining this country. And Trump has hit that shit with a giant baseball bat. Providing he can keep his minions quiet, Only one thing will keep his big Cheeto head off Mount Rushmore. F&%king around with the economy.

Trump may go down in history as
Wile E. Coyote – Super genius.
Or
The Emperor that had no clothes.
(Written by a Dane no less)


LHC

Like what he's doing and hope his health holds out. In addition to a President should our government have a CEO like so many municipalities do? He's trying to run everything like an efficient business. Bad thing is it that it can all change again after four years.

If things go the way they "should", then hopefully in four yrs we continue.
That's the good side....and downside of elections. If it's good and we Americans seem to think so, we can vote the same goodness in. If not, ya get the boot.
I am optimistic on how things are going. Maybe not monetarily right at the moment with the stock market, but those are only numbers, I don't need my 401 right now, hope fully I won't and what's left (hopefully higher) will be left for my wife and/or kids.
Hopefully things work out according to plan, if not we have choices in four yrs.
I certainly hope it's a choice to carry on the work that is being done.
Not only economically, but socially as well..:lifter

There may be more pieces moving than just domestic industry, trade relations, and such.

$9 trillion in national debt is due to mature in 2025.
The tariff war will be unpredictable.

When investment returns are unpredictable, money flees to safety.
This may be a strategy to refinance the national debt more cheaply.

That's an interesting thought.

He's right you know...

Trump's Tariffs Shake the World: 50 Countries Already Fold as 'America First' Strategy Takes Hold

:munchin

I like a lot of what POTUS is doing from a policy standpoint, the tariffs being a big exception, but the execution on all fronts has been amateur hour. This guy is making unforced errors all day long, and it will result in the long-term destruction of any ability to implement conservative policies in this country.

YMMV

Not sure that played out the way they anticipated. No worries. The way this is going, money will definitely flee to safety by the 3rd quarter.

In not unrelated news, The current cost to the Trump tax cut extensions is estimated at 5.7 Trillion.

The go to economic expert here has always been Thomas Sowell. But he's not a fan of tariffs. So I will quote another verified expert on modern trade tariffs. "I love it when a plan comes together" No, not Hannibal Smith. I'm talking about Ron Vara.

There is a very easy way to fix the U.S. trade deficits problem. Instead of some touring socialists yapping about increasing the minimum wage. Someone in Congress should propose a cap on the maximum wage. I figure, if we capped the maximum hourly wage at $4.50 per hour, overall consumption of cheap China shit would be drastically reduced and trade deficits would come into balance before the midterms. We already have forever renter communities. This is the next logical step.

It's all heading to the promised land: Dream Cities.



LHC

I get jammed up with terminology sometimes. Seems to me it's only a "cost" if one accepts the premise that the previous rate was appropriate. Or it wouldn't be a cost if spending were cut. No one has a bill that's suddenly going to shave $5.7T tomorrow, I get that. But a few billion here & there...

I'll be honest, I'm happy with a few million here and a few million there...it's a much needed start.

Well at least someone is taking a look at all these programs/policies or whatever. Most, if not all politicians state while running for office they'll "fix" the budget and cut unwanted spending....hasn't happened yet. Until now no one had the gonads to try and look for unwanted spending, don't want to upset the apple cart and all.
They may not cut and slash like it sounds, but they are definitely finding waste and fraud.
As stated earlier, I'm happy they're taking a look at things and trimming/cutting as necessary..

The Tariff conversation is annoying to get involved with.

These countries around the world Tariff American products and hinder the fair trade goal. What is aggravating are people quoting great economist and politicians to bolster the anti Tariff (really anti Trump) argument. Why is it so hard to understand the stupid argument that tariffs are bad seems to be one direction...i.e. bad when Trump does it but fair when the world does it to us. It seems that the American blue collar steel, coal, auto industries have just enough time separated from their heyday for Americans to have forgotten how resources rich we are and how much we produced. Unlike any other country there is not a country as resource balanced wealthy as we are. Globalism has turned off American resourcefulness and independence and watched crooked politicians barter away that independence. The man has been in office less than 6 months and he has gone directly into solving the trade deficits killing our economy, under status quo politicians we went from producers to service dominated. Do we still have a generation of workers to fulfill bringing jobs back? Well with the trend to smaller families we will need immigrants to provide workers because so many young Americans refuse to labor for the "man".

It's a simple strategy, remove tariffs or lose market share, competition is our friend because of untapped global economy ready and willing to make a deal. Let's not forget how tariffs work and who benefits when all these countries tax out exports/imports the politicians of importing countries pockets that money their own people pay the cost and American products are priced out of competitive markets

M.T.F.A. make trade fair again.

Couple of Interesting Developments reported at CTH
 

India has apparently decided to pick sides and has gone with Trump.
CTH link here.
The additional link at the bottom goes to the MSN-hosted link for the Kenya Times article. "Make India Great Again." lol

German Automakers Smartly Shift
CTH link here. More goodness to be coming out of Tuscaloosa and Spartanburg it looks like. Not an immediate effect but ya gotta start somewhere and this is a serious commitment out of some serious companies.
:munchin

Footnote to the announcement above of India's going with the US. RT today quotes an article from the Indian Ministry of Communications that iPhones will be getting built in India, not China.