Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

Post by steveBK123 » Sat, Apr 12, 2025, 10:00 PM UTC

miohtama wrote: post #302

jm4 wrote: post #169

Earlier quoted context omitted.

It’s pure stupidity and most people don’t even realize it. Last night I met a couple at a country club where I was a guest - one of those $100k/yr places - and they asked me if my trade partners are charging me more with the tariffs. I told them the U.S. government is charging me more with the tariffs and my trade partners are charging me more because the value of the dollar is down. This was the first time anyone to…

I have seen country clubs only in movies. Do those places really exist and are they as stereotypical as one might expect?

Post by marcosdumay » Sat, Apr 12, 2025, 10:01 PM UTC

lazyeye wrote: post #265

throw0101d wrote: post #125

There are valid reasons for tariffs: * https://www.noahpinion.blog/p/when-are-tariffs-good Especially when it comes to certain areas of the economy: > Democratic countries’ economies are mainly set up as free market economies with redistribution, because this is what maximizes living standards in peacetime. In a free market economy, if a foreign country wants to sell you cheap cars, you let them do it, and you alloca…

I think we need to also consider that "conventional economic thinking" got us into this mess (de-industrialized, vulnerable economy, hollowed out working/middle class, enormous debt/deficit). There never seems to be any accountability for this though. I suspect it's because a particular section of society has done very well from the status quo.

Post by steveBK123 » Sat, Apr 12, 2025, 10:03 PM UTC

rat87 wrote: post #296

steveBK123 wrote: post #107

Earlier quoted context omitted.

The "smart trumpers" I know have already staked out the entire range of possible outcomes: 1) He is completely restructuring global trade and decoupling us from China which is tough but necessary medicine because our biggest geopolitical adversary cannot be our largest trading partner 2) You can't believe half of what he says, he's all bluster, he's addicted to deals and will sign some fake deals to score a domestic…

2 ignores all the damage caused in the meanwhile 1 is wrong because if he wanted to decouple us from China he'd lower tarrifs on other countries especially close allies

Post by timewizard » Sat, Apr 12, 2025, 10:06 PM UTC

djeastm wrote: post #316

lazyeye wrote: post #265

Earlier quoted context omitted.

I think we need to also consider that "conventional economic thinking" got us into this mess (de-industrialized, vulnerable economy, hollowed out working/middle class, enormous debt/deficit). There never seems to be any accountability for this though. I suspect it's because a particular section of society has done very well from the status quo.

> a particular section of society has done very well from the status quo Name me a country where this is not the case. The only thing we've failed to do is educate enough of our people to prosper as a deindustrialized nation. That and failed to protect our democracy.

Post by d0gsg0w00f » Sat, Apr 12, 2025, 10:09 PM UTC

djeastm wrote: post #316

lazyeye wrote: post #265

Earlier quoted context omitted.

I think we need to also consider that "conventional economic thinking" got us into this mess (de-industrialized, vulnerable economy, hollowed out working/middle class, enormous debt/deficit). There never seems to be any accountability for this though. I suspect it's because a particular section of society has done very well from the status quo.

> a particular section of society has done very well from the status quo Name me a country where this is not the case. The only thing we've failed to do is educate enough of our people to prosper as a deindustrialized nation. That and failed to protect our democracy.