Impenetrable Defense of Tariffs
Republicans, Trump supporters, hedge fund manager, bankers etc...are all now calling for the immediate negotiate and end of the tariff war. But I think this move would prove to be an even more devastating mistake. I think we need to keep the tariffs on for longer and actually escalate tariffs on all countries to 100% and 500% on China (someone on here previously mentioned that tariffs would need to be 500% on China for him end his operations there).
Now I know you all might think I'm crazy or even go so far as to even call me more retarded than users like PEarbitrage, GME dude, Dr. Rahma whatever. And trust me, I am well aware how retarded they are. BUT, and hear me out, in the long-run the tariffs leave America much better off. The morons who wanted this, haven't really felt the pain and gravity of their decision. They need to. When the generation X Trump supporters lose their entire retirement. They will learn. When the farmers in Indiana can no longer make a living. They will learn. When the Trumpers on Wall Street get laid off or their fund blows up. They will learn. They will learn that this is what happens when you elect an egotistical idiot whose only agenda is to consolidate power and project that power onto others to make himself feel good.
But they haven't learned yet. Not really. They need to. And once they've learned this very hard lesson, the future of America's democracy will be even stronger. Because the next time they even think about voting for a moronic tyrant. They'll think twice.
You fundamentally are understumating how dumb MAGAs are. This stuff will just enbolden them - there is no learning from mistakes or admitting to a wrong decision... just double down and push the grift/shill pedal to the max
But the goal isn't for every single MAGA to learn, that's impossible. There are definitely millions of MAGA's who blame this on Obama, Hilary, Biden, Kamala, and the LGBT community lol. But at least the more moderate conservatives or swing voters will learn.
I'm also very curious to see who runs for the Republican party in the next presidential election. I want to see who has the balls to run lol. I think the Green party might get more votes than them hahaha
As the old man said: "two things are infinite: the universe and a Maga voter stupidity; and I'm not sure about the universe."
I doubt you believe what you wrote. The best path forward is to do a reversal of this tariff non sense.
I don't really care that much. During this debacle I had 2 major sale contracts that I thought would be in jeopardy due to the tariffs and collapse of the stock market. But turns out that the buyers seem pretty unaffected by everything and proceeded to sign the contracts lol. I also just happened to sell out all my stocks a couple weeks ago to buy real estate, so i've been largely unaffected by the stock market slaughter. There's going to be huuuge buying opportunities for me to purchase assets at steep discounts after all this. Now i'm not saying I wanted this to happen, but since everything worked out far better than I could have hoped for, I'm also not really complaining too much.
Agreed but dems had 4 years to find a decent candidate, decide to make Biden run and switch him out last minute for Kamala (Without a primary btw). Also they started going crazy with the ideological agenda and people got tired, people just want economic stability, no wars, and no ideological bs (on either side).
Agreed. But I think we can all agree that the shitstorm happening in the markets and economy would not be happening if Kamala was in office.
This wouldn't be but all our kids would be trans and DEI would be unleashed in full force. I'll take a quick death (if that's what we're headed for) over a slow painful one via leprosy any day
Either way, you win on one dimension but lose on another. Pick your poison
It’s a cult. They’ll never learn. Dick waving and chauvinism are what matters to them.
Add to the economic collapse the fact that we’re closer than ever to a war with Iran.
MAGA people are genuinely stupid. If the S&P fell by a single point under Biden they’d be moaning about it day and night. Forget about the difference between balance of payments and balance of trade, and what each means to the economy. No no. Even when their savings and pensions are obliterated, just so that billionaires make sure their covid wealth grab is sustained forever, they won’t learn. They’ll blame it on the woke left or whatever.
That people are heavily in debt at this point means this totally self inflicted market crash and restrain could spiral into demand pull deflation – a terribly vicious cycle that will have every chance to happen if these mfs keep going like this.
This movement is so bizarre to me. They are the definition of a cult and they’ll never ever admit it. They’ll contradict themselves a thousand times before admitting they are just wrong.
It’s so fucked. There isn’t even incentive to move off China atm because they stuck a tariff on every country.
For example, we moved from France to China for a specific raw material a year ago.
If there was no tariff on European goods, it might make sense to go back to France if the additional 50% tariff tmr kicks in…
But there’s a tariff on Europe too so we will just stay in China.
Overall, pretty crazy. Everyone in consumer is losing their minds atm. We are relatively shielded from tariffs but wtf happens to the consumer when prices for everything go up 2x - 3x?
60% of the stuff at Walmart is from China lol…
This is a dumbass beta ass post
stfu
HAHAHAAHAH someone's clearly getting penetrated by his lord and savior Donald Trump. Keep praying to him. Maybe he'll fuck you harder
yea haha yea nice hah good one man
it's so hard to teach them a lesson when we'll have to suffer along and majority of them are huge uneducated idiots that can't be convinced to leave their cult
and? stop with this crap. guys never care about women's sports, 95% of guys don't watch any women's sports unless it's the olympics, but somehow some of yall have been getting real mad if a trans athlete joins a women's sports.
and look, i know realistically it's not fair and they should just compete in a separate category. but i know it's not because you care about women's sports, you're just hopping on the anti-woke trend and being transphobic. and people like you will still whine like bitches if trans people had their own separate sports events (same way so many straight people whine about no straight pride month).
Did people forget Trump enacted tariffs during his first presidency? Market has been in a bubble for months. The uncertainty simply gives people a reason to sell.
https://www.newyorker.com/news/our-columnists/trumps-trade-war-could-make-the-trump-recession-a-reality
https://www.politico.com/story/2018/03/01/trump-steel-tariffs-432143
https://www.npr.org/sections/thetwo-way/2018/03/01/589839297/trump-says-he-plans-to-impose-tariffs-on-steel-aluminum-imports
https://www.pbs.org/newshour/economy/trump-tariffs-may-imperil-a-delicate-global-economic-rebound
Another retard found. What is the connection between tariffs and markets being in a bubble? Trump doubled down on China with 104% and China retaliated with 84%. At the rate we're going all trade with China is just going to stop and not only will Americans not be able to afford basic goods anymore, there won't be enough to go around.
You're retarded, so I don't expect you to understand, but the effects of the tariffs will be felt by every single American, not just those who own stocks. You're only focus is on the stock market because that's what's in free fall. Products from china haven't doubled in price yet, but because you're retarded and unable to see 1 step ahead, you only focus on the stock market. How are people in finance this stupid? Please don't tell me you attended one of those "target" schools cause if this is the education they provide, that's just embarrassing.
I did competitive debating in highschool and this is the sort of argument you'd hear from teams that ran out of ideas and thought they could be creative. Ask yourself whether a) MAGAs will really change their minds, and b) even if they were to change their minds, these tariffs would have been necessary for them to realise this. Perhaps if Trump were to nuke California, MAGAs will see the true colours of this administration. But this doesn't mean we should welcome the nuking of San Francisco, in the same way that we shouldn't welcome the nuking of the American economy. Let's not try to kill a spider by burning the house down.
Hilarious watching all these “I voted for Trump for financial reasons” business leaders squirm on Twitter.
They can’t even directly criticize Trump. It’s “well he’s getting bad advice from his advisors.”
And who exactly hired those advisors?
The only path forward that would be accepted would be to reverse these tariffs
Nice meme
Show's over folks. As usual Trump got you again. Hope you enjoyed 3-4 days of thinking you might be right for once in your life. Now you can go back to topics you know something about, like discovering the 9th gender.
BTW here's a few snippets of what some actual smart guys had to say during this saga:
Stan Druckenmiller: agrees that 10% across the board is the right move today fiscally compared to an income tax, even as he doens't like tariffs in most cases.
Ray Dalio: published an article a couple days ago about how this isn't really about tariffs, it's about the cracks that have been forming in developed economies for a much longer time. Used words very similar to what I said in another WSO thread when I tired to explain to people here about these deeper problems that will bubble to the surface as soon as someone rips off the band-aid . . I was called a retard for saying this, and I must say its an honor to have Dalio as a fellow retard.
Steve Eisman: criticized the "econ 101" crowd on CNBC this morning for being unable to think outside the box on tariffs and basically being simpletons who can't see any strategy beyond their econ 101 textbook.
Just a few off the top of my head. I'm sure OP knows way more about this stuff than these three 'retards'.
The very fact that you think Trump is the "hero" and a genius shows how retarded you are. It's hilarious that you wait for Trump to announce a 90 day pause and then come in to comment as if you were 'right.' You're so obsessed with being right and 'sticking it to the dems' that you can't even recognize good from bad or right from wrong. In your small little brain, all you think of is "crushing the dems at any cost necessary." That's how deluded you are.
The only thing these last couple weeks of tariffs on and off has done is proven that Trump is either 1.) manipulating markets for his own gain or 2.) indecisive and has no fucking idea what he's doing. These are not qualities of a leader, let alone the POTUS. Could you imagine if Obama did this? Or Biden? Or Reagan? You'd be losing your small fucking mind. But all you care about is "beating the dems."
You don't get it both ways. Either you believe the tariffs are good or you believe they are bad. You don't get to cheer when Trump implements tariffs and then cheer again when he pauses them or ends them, especially considering that he hasn't achieved any new trade deals yet. Trump paused the tariffs because of the stock market tanking. He basically said so himself because all his billionaire buddies were panicking. What happened to short term pain for long term gain? Why don't you take a stance and stick with it you retarded little deluded pussy and stop flip flopping like your lord and savior Trump, but it looks like that's the only thing MAGAs are good at.
"You don't get it both ways. Either you believe the tariffs are good or you believe they are bad. You don't get to cheer when Trump implements tariffs and then cheer again when he pauses them or ends them"
He didn't end them. He kept them at 10% (plus China at 125% or whatever it is now). And I think that's about right. At reasonable levels tariffs are simply a consumption tax. I don't have strong views on the relative merits of getting that slice of additional revenue from consumption tax or income tax, other than to say a lot of smart people who've looked at it closely come out in favor of tariff/consumption.
Aside from the on again, off again nature of these tariffs, what are US companies going to do about Chinese imports? There is a 145% tariff on these imports. Do you think companies will pay the tariff and raise prices or get the products from other sources?
A lot of re-sourcing to other countries, e.g. Apple setting up in India.
Some pass-through as you mention.
Also a fair bit of re-routing where something made in China passes through, say, Vietnam first. Easy vig for Vietnam.
And I'd like to think some shift longer-term in how China approaches trade, so that tariffs and restrictions eventually come down mutually. I know China won't do any great shift, because they decided during lockdowns that they passed the test for having an economy that's almost entirely internally sourced. As long as they keep imports low, they can de-value again and again. But at some point their insane leverage will make them want to improve exports and come to the table on this, because they can't attract capital if they just keep de-valuing.
Look, even if you believe that hurting all Americans is a reasonable outcome as long as it hurts MAGA voters as a subset, you'd have to be pretty naive at this point to think that a Trump voter cares about logic or reality. Mr Trump will simply claim that it isn't his fault, and he'll be believed, the same as he's been believed on every lie, forgiven for every other crime, and generally allowed to pie anyone he wants in the face and have them applaud him for it. That's the power of running your own cult of personality.
Trump caved on tariffs lol
Now exempting tech including iPhones and laptops
Wait then what was the point of the tariffs? I thought the whole idea was to bring manufacturing back and negotiate new trade agreement??? If Trump implement tariffs and then makes exemptions for every product, how is that different from just not having tariffs??
What was the goal of tariffs again? Or was it just a giant pump and dump scheme for trump’s buddies? I will laugh so hard if they find insider trading
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