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Posted (edited)
2 hours ago, Girth Brooks said:

Ok. The way you first posted to implied more of a cause and effect. I understand that tariffs will put a damper on certain economic activities, like any other tax. 
 

We’ve run the globalization playbook for several decades and we’ve reached the point where the tradeoffs have to be accounted for and addressed. It started in 2016 and then COVID really highlighted the deficiencies we’ve allowed in our economy and society. A rebalancing of our economy is in order and that will take time and some pain. That’s known and I suspect it’s why Trump has shied away from market talk this time around. 
 

Depending on your definition they may not be “broadly supported”. But they are supported by his base. He was clear about his intentions, and he was elected handily. 
 

A lot of the handwringing comes from asset holders. I get. I’m one as well. We’ve killed it for the last several decades, while the working class has slowly bled out. We got cheaper widgets and bigger stock portfolios. They got unemployment, wrecked communities and the opioid crisis amongst other things. This is part of the attempt to address that. So he’s actually doing what he said, for whom he said he would. In the realm of politics, almost admirable. 
 

 

What the fuck are you babbling on about? We tried it his way. For like 300 fucking years. It was called mercantilism, and Europeans had free forced labor to go with it. 
 

By every measure free trade has improved the lives of virtually every person it touches by any measure. It’s not perfect. The capitalist system isn’t. But to argue the haphazard and random way in which he is applying and taking away tariffs represents any cohesive vision of a post free trade economic system is, frankly, stupid. 

Edited by Bateshorn
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Posted (edited)
1 hour ago, Girth Brooks said:

Yes globalization accelerated due to neoliberal economic polices.

Wait, deregulation and letting business do whatthefuckever is a "neoliberal economic policy" now?  Coulda sworn that was Reagonomics.

And, a targeted legislative effort.  Yes, a targeted, bipartisan legislative effort by one Joseph Robinette Biden, who had to whip significant Republican voters in the Senate, at the very least.

Fucking Trump has both houses, and he's going to repeal Chips because he's a motherfucking child and has the leadership and intellect of a motherfucking child.  Don't act like this shit is sane or normal.

Damien-Omen-II-1978-6.jpg&f=1&nofb=1&ipt

Edited by TwiceHorn
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Posted
49 minutes ago, Bateshorn said:

What the fuck are you babbling on about? We tried it his way. For like 300 fucking years. It was called mercantilism, and Europeans had free forced labor to go with it. 
 

By every measure free trade has improved the lives of virtually every person it touches by any measure. It’s not perfect. The capitalist system isn’t. But to argue the haphazard and random way in which he is applying and taking away tariffs represents any cohesive vision of a post free trade economic system is, frankly, stupid. 

I understand that. We’ve gone free trade. It’s benefited most people surely, but it has lead to societal problems and national security vulnerabilities in the strongest country on the planet. So guess what? The pendulum is going to swing the other way. 
 

And by the way, there are still tariffs everywhere. We just haven’t had as much of them. So I don’t know if it’s a “post free trade” economic system. It’s more, the biggest economy on the planet wants to shuffle the deck. 
 

27 minutes ago, TwiceHorn said:

Wait, deregulation and letting business do whatthefuckever is a "neoliberal economic policy" now?  Coulda sworn that was Reagonomics.


It’s a known term  

 

27 minutes ago, TwiceHorn said:

he's going to repeal Chips

Really? Hadn’t seen that

Posted (edited)
4 minutes ago, Girth Brooks said:

I understand that. We’ve gone free trade. It’s benefited most people surely, but it has lead to societal problems and national security vulnerabilities in the strongest country on the planet. So guess what? The pendulum is going to swing the other way. 
 

And by the way, there are still tariffs everywhere. We just haven’t had as much of them. So I don’t know if it’s a “post free trade” economic system. It’s more, the biggest economy on the planet wants to shuffle the deck. 
 


It’s a known term  

 

Really? Hadn’t seen that

Because of your media choices.

It's a "horrible, horrible" thing.  https://www.politico.com/news/2025/03/06/trumps-chips-demand-creates-a-52-billion-headache-for-congress-00215214

And is it some valid economic criticism, fuck no.  It's because Biden, because your man is a motherfucking cunt child.

C U N T

Edited by TwiceHorn
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Posted

Also, every positive comment I’ve seen about tariffs completely ignore the retaliatory tariffs which will be levied by other countries on US goods. There are millions employed in industries which export products from the US which will be harmed by these policies. Lastly, tariffs on inputs used in manufacturing (steel/aluminum) will absolutely harm American workers as well. 
 

His policies are absolute madness and any revenues generated from the tariffs will be paid out in bail-outs to farmers and unemployed workers.

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Posted
4 hours ago, Girth Brooks said:

We’ve run the globalization playbook for several decades and we’ve reached the point where the tradeoffs have to be accounted for and addressed. It started in 2016 and then COVID really highlighted the deficiencies we’ve allowed in our economy and society. A rebalancing of our economy is in order and that will take time and some pain. That’s known and I suspect it’s why Trump has shied away from market talk this time around. 

No, he has shied away from the market talk because the market is telling him extremely clearly that he doesn't know the fuck he's doing and it's going to be really bad for the economy.

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Posted (edited)
44 minutes ago, TwiceHorn said:

Because of your media choices.

It's a "horrible, horrible" thing.  https://www.politico.com/news/2025/03/06/trumps-chips-demand-creates-a-52-billion-headache-for-congress-00215214

And is it some valid economic criticism, fuck no.  It's because Biden, because your man is a motherfucking cunt child.

C U N T

Wow, I cloaked that right the fuck up.  Soz mates.

I just can't stand it when this kind of idiocy is normalized and sanewashed into some coherent economic policy.

Sure, tariffs have continued to be around, but in a more nuanced context, like anti-dumping duties and for very similar reasons that don't amount to dumping.

Also, elsewhere, Samsung's Taylor plant is being dismissed as tariff-induced or something other than CHIPS.  Note that in Samsung's no-doubt rosy predictions, the fab, commenced in 2022 and representing a $17billion investment, will not be complete until 2030.  That's the kind of timeframe, minimum in most cases, we're looking at in terms of onshoring manufacturing.

Edited by TwiceHorn
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Posted (edited)

2024-

China will adjust import and export tariffs on selected goods in 2024 in a bid to support high-quality development and opening up and accelerate the building of innovation patterns, the Customs Tariff Commission of the State Council (the ‘Commission’) said on Wednesday, December 20, 2023.

  • In 2024, China will impose tariffs on 8,957 tax items.
  • Starting from January 1, 2024, 1,010 items, including certain medical products, key equipment and parts, resources in short supply, and some agriculture products, will be subject to provisional import tariff rates, which are lower than the most favored nation (MFN) tariffs.
  • Starting from January 1, 2024, import tariffs on some commodities will be raised to assist with the development of domestic industry and cope with changes in supply and demand. Examples include ethylene, propylene, and liquid crystal glass substrates below 6 generations.
  • The conventional tariff rates will be applied to imported goods originating from 30 countries or regions, under the 20 free trade agreements and preferential trade arrangements that have been signed and entered into force between China and relevant countries or regions.


should China drop all of their tariffs?

https://www.china-briefing.com/news/china-import-export-tariffs-in-2024/

 

anyone able to find a list of all of the tariffs imposed on US imports by Country?

Edited by ChickenSandwich
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Posted
33 minutes ago, Pig Bellmont said:

All of those factors are self inflicted. Just fantastic work all around- truly a golden age

The Fall of Rome

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Posted
2 hours ago, ChickenSandwich said:

2024-

China will adjust import and export tariffs on selected goods in 2024 in a bid to support high-quality development and opening up and accelerate the building of innovation patterns, the Customs Tariff Commission of the State Council (the ‘Commission’) said on Wednesday, December 20, 2023.

  • In 2024, China will impose tariffs on 8,957 tax items.
  • Starting from January 1, 2024, 1,010 items, including certain medical products, key equipment and parts, resources in short supply, and some agriculture products, will be subject to provisional import tariff rates, which are lower than the most favored nation (MFN) tariffs.
  • Starting from January 1, 2024, import tariffs on some commodities will be raised to assist with the development of domestic industry and cope with changes in supply and demand. Examples include ethylene, propylene, and liquid crystal glass substrates below 6 generations.
  • The conventional tariff rates will be applied to imported goods originating from 30 countries or regions, under the 20 free trade agreements and preferential trade arrangements that have been signed and entered into force between China and relevant countries or regions.


should China drop all of their tariffs?

https://www.china-briefing.com/news/china-import-export-tariffs-in-2024/

 

anyone able to find a list of all of the tariffs imposed on US imports by Country?

I gotta say, watching the Trump fans try and come up with a justification for why the POTUS is haphazardly slapping tariffs on our biggest trading partners based on "muh feelings" and driving us into a recession is pretty fucking funny.

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Posted
7 hours ago, Pig Bellmont said:

All of those factors are self inflicted. Just fantastic work all around- truly a golden age

If the economy is so reliant on historically high government spending then maybe it isn’t really exceptional? 
 

Airlines have already taken a hit from decreased government travel. 

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