31–40 of 220 posts
That might be how it is understood locally, but on an international scale this is quickly moving from "Trump's" to "America's" trade war. Various levels of US government have had opportunity to weigh in, but have generally acquiesced to the recent tariff policies. Calling this a "trump problem" wont fly much longer. This is now American trade policy.
Wonder whether Americans or the Chinese can weather tough times better. Chinese don’t get to protest or voice dissent and Americans can’t be bothered to
It will suck on both sides, but the majority of American households can weather a $2-4k blow over the next year as supply chains react. Congress stepping in to exclude Canada and Mexico and the NAFTA exemption cushions the blow significantly. Most of Latin America being placed at the lower end of the announcement means manufacturers who used to be competitive until China Shock set around 2014-16 can be cost competiti…
[1] https://www.cnbc.com/amp/2024/11/19/bank-of-america-nearly-h...
Wonder whether Americans or the Chinese can weather tough times better. Chinese don’t get to protest or voice dissent and Americans can’t be bothered to
But you can be sure that in the USA, this will all stop in 2 years with the midterms, and be reversed in 4 with the presidential elections. No one other than Trump’s fan base likes this even now, imagine in a few months when people start feeling the terrible repercussions.
Just yesterday people were trying to convince me that price hikes were good and would benefit Trump’s base. Now JP Morgan is predicting a global recession. I cannot fathom how this is good for America. It just feels like a colossal own-goal that will weaken America on the global scale. Americans will suffer in a recession. And it was by choice that this administration put us here. Is there any recourse?
Good thing JP Morgan's predictions were never wrong /s
Edit: to those who downvoted, do you have any arguments to contradict my statement and would you put your money into JP's predictions? Go ahead, I'll wait.
Our farmers in Utah lobby so hard for water, then use it to grow alfalfa which they sell to China because they can sell it there for more money than it can be sold locally. It boils my circuits that they ask for our precious water -- to which they have historically had an obvious right, growing our food -- and then basically ship it overseas. Keep the crops at least sold in the US, and hopefully to other Utahns who have a hard time buying alfalfa because China inflates the price. 80% of our water goes to farmers here. I'm glad of it when they grow wheat and sell it to us, but not when it gets exported. These tariffs will hopefully help with that.
How is it retaliation to destroy your own economy by making the same bad life choices? Isn't actual retaliation to just ignore the entire thing and thank the US for the extra percentage points in advantage you got for free?
How is it retaliation to destroy your own economy by making the same bad life choices? Isn't actual retaliation to just ignore the entire thing and thank the US for the extra percentage points in advantage you got for free?
Earlier quoted context omitted.
It will suck on both sides, but the majority of American households can weather a $2-4k blow over the next year as supply chains react. Congress stepping in to exclude Canada and Mexico and the NAFTA exemption cushions the blow significantly. Most of Latin America being placed at the lower end of the announcement means manufacturers who used to be competitive until China Shock set around 2014-16 can be cost competiti…
Half of Americans say they live paycheck to paycheck, so no - the majority of households will not be able to survive for long if they have to spend an extra few thousand to stay where they are today. Those that can will be cutting spending, which will ripple across the rest of the economy. There's no sign that negotiation is even possible, never mind likely. One tell is that tariffs have been applied to the Heard and…
The median American household has an income of around $78,000 [0]. They can survive the blowback. The Trump admin on the other hand will not.
As a Sullivan, Raimondo, and IRA supporting Dem, it's a win-win for me. Harsher policies against China have been enacted which will not be rolled back (just like how the Biden admin let Trump 1 era tariffs remain) and it will cause a severe blow as midterm fundraising season has started. The NY by-election for Stefanik's seat itself proved that the tariffs and DOGE have made plenty of purple to light red seats vulnerabile.
I wrote some thoughts about this recently [1]
[0] - https://www.census.gov/quickfacts/fact/table/US/SEX255223
Just yesterday people were trying to convince me that price hikes were good and would benefit Trump’s base. Now JP Morgan is predicting a global recession. I cannot fathom how this is good for America. It just feels like a colossal own-goal that will weaken America on the global scale. Americans will suffer in a recession. And it was by choice that this administration put us here. Is there any recourse?
Apparently, they have a plan.
AFAICT, the plan is based on the US being "the last man standing" after WWII and turning its wartime manufacturing base into the machine which rebuilt the world but, nonetheless, they have a plan.
So rejoice in the Glorious Leader's wisdom and know he feels your economic pain and hardship. We must all make sacrifices to Make America Great Again.