411–420 of 1001 posts
Lot of whiplash with these tariff policies. I'm wondering if maybe it'd be a better idea to give* Congress this power instead.
Earlier quoted context omitted.
> How are businesses supposed to plan anything in this environment? Who cares? Business leaders & the politicians they helped elect are stripping the copper from the country. Whatever's left when they're done is someone else's problem.
I care?? Much of my family works in trades, have their own small businesses with employees and are very much subject to tariffs for their supplies. They did not vote for any of this.
Announce a controversial decision. See if it sticks. If not, claim it was a joke and you never meant that. Drama, manipulation, and a US government tactic, all in one.
Except they implemented the decision and are responding to countries’ willingness to negotiate fair trade terms, just like with Mexico. Nobody is saying “just joking”. If people weren’t 1000% dismissive of the leader’s stated intentions they might be able to follow along. It’s been crystal clear to me that the goal has always been to renegotiate trade terms not to live in a world with persistent reciprocal tariffs.
Admin proxies have said tariffs are to pay for tax cuts, they've stated they're intended to bring back manufacturing jobs, they've stated we should prepare for a lengthy trade war and accept the higher prices like men, and while some proxies have said this is a negotiation tactic others have stated unequivocally that this is not a negotiation tactic.
Bold assertions like yours are easy to make with the benefit of hindsight. What do you predict tariff rates to be in a week? A month? A year?
"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
Very sad to see what is happening to the US. Sadder still to see it celebrated and defended by a large portion of the country. From over here in Europe, the apparent lack of accountability in the US right now is unbelievable. Where are the adults?
The political subtext is "Follow me and I will make you extremely rich."
Congress, the Senate, and the Supreme Court won't touch him after this.
So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.
Think the hope and idea is there’s concrete agreements established before the 90 days are up
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Remember how every other President put their assets into a blind trust? Shit like this is why! It deterred them from firebombing the entire goddamn economy to make a buck for their friends and followers!
Trump is already a billionaire and is in his 70s. No explanation of his behavior in terms of gaining money makes sense.
Is it just the historical legacy of international trade that tariffs apply only to physical goods, but not to something like software-as-a-service subscriptions, digital media, or intellectual property? As the latter categories are more representative of US exports, it would surely be an interesting escalation if other countries were to start including them in their “retaliatory” tariffs.
"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…
Now businesses know he really, super means it this time, so they get another reprieve. But next time it would be hard to claim Trump didn’t warn them.