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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
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. 

Posted
On 3/16/2025 at 9:07 AM, Captainant said:

Drawing a bullseye after throwing the dart is not "long term planning" lol. Further, forcing regressive consumption taxes like tarrifs and sales tax (to replace income taxes) is going to reduce consumer spending.

Tovarich, this IS trickle down economics at work.

 

On 3/17/2025 at 12:38 PM, TornACL said:

This strategic approach must have been dreamed up by the Lionel Hutz of economists.

Ask and ye shall receive. Interesting and more in depth discussion of a lot of things including the different prongs of economic policy being pursued. 
 

 

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Posted
40 minutes ago, Girth Brooks said:

 

Ask and ye shall receive. Interesting and more in depth discussion of a lot of things including the different prongs of economic policy being pursued. 
 

 

Fuck you and fuck that asshole for turning over all of the treasury data and payment systems to the robber barons in DOGE. I'm not gonna watch an hour long circle jerk over how there's too much regulation and anti-money laundering measures.

Good on ya for keeping this handle as long as you have, @GRHorn

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Posted
3 hours ago, Captainant said:

Fuck you and fuck that asshole for turning over all of the treasury data and payment systems to the robber barons in DOGE. I'm not gonna watch an hour long circle jerk over how there's too much regulation and anti-money laundering measures.

Good on ya for keeping this handle as long as you have, @GRHorn

I wouldn’t call it a circle jerk, but ok. They did talk about regulation, never once mentioned AML stuff. 
 

You’re welcome to pass on watching, but  then don’t act like it’s a bunch of incompetent actors without a plan. You just don’t like the plan. Which is fine too. 
 

 

Posted
4 hours ago, Girth Brooks said:

 

Ask and ye shall receive. Interesting and more in depth discussion of a lot of things including the different prongs of economic policy being pursued. 
 

 

That guy is disingenuous as fuck.  Basically blaming asset inflation and wage disparity on the Biden adminstration.

Also, fucking hilarious how he and a bunch of other robber barons made 20% a day fucking with the Bank of England.

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Posted
3 hours ago, TwiceHorn said:

That guy is disingenuous as fuck.  Basically blaming asset inflation and wage disparity on the Biden adminstration.

Also, fucking hilarious how he and a bunch of other robber barons made 20% a day fucking with the Bank of England.

Tbf I’ve made 20% in a day. Not fucking with the Bank of England, but still. As his mentor Druckenmiller would say, “put all your eggs in one basket and watch them very closely”. 
 

For the rest, a detailed discussion but he covered a couple of the key points. Unnecessary stimulus goosing inflation and Yellen/Treasury skewing heavily to short term debt issuance did help support asset prices. Pretty standard stuff really. 

Posted
23 minutes ago, Girth Brooks said:

Tbf I’ve made 20% in a day. Not fucking with the Bank of England, but still. As his mentor Druckenmiller would say, “put all your eggs in one basket and watch them very closely”. 
 

For the rest, a detailed discussion but he covered a couple of the key points. Unnecessary stimulus goosing inflation and Yellen/Treasury skewing heavily to short term debt issuance did help support asset prices. Pretty standard stuff really. 

I think my broader point may be that Bessent seems to be a trader and kind of a financial hack that's interested in gains and to hell with everything and everyone else.  That's par for the course for Secretary of Treasury.  But, I actually think that guys like Paulson, heads of ibanks and even merchant banks, may have a better and broader understanding of macro- and international economics.

I'm not quibbling with unnecessary stimulus or some of his other points but he acts like that happened only under Biden.

And, I think his statements that Trump is economically sophisticated are just plain pandering.  I can believe that Harris was not, but I don't find that a fatal flaw in a presidential candidate.

I am highly suspicious of anyone that would attach themselves to Trump.  Some of their motives, the P2025 types and Musk, are obvious.  I'm not sure what's in it for this guy

 

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Posted
10 hours ago, TwiceHorn said:

I am highly suspicious of anyone that would attach themselves to Trump.  Some of their motives, the P2025 types and Musk, are obvious.  I'm not sure what's in it for this guy

 

I know it’s hard for a lot of posters here to realize, but there were a large number of people who thought the country was on the wrong track. Some of them have volunteered their service in righting the ship. I think that applies to Mr. Bessent. 

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Posted
42 minutes ago, Girth Brooks said:

I know it’s hard for a lot of posters here to realize, but there were a large number of people who thought the country was on the wrong track. Some of them have volunteered their service in righting the ship. I think that applies to Mr. Bessent. 

How the hell is pissing off all of our allies and trading partners getting us on the right track? Please explain yourself. It doesn't make one lick of sense. Trump is a bully and a jerk and can't seem to think of anything except what's right in front of his face. The ultimate myopic view of the entire world. He has an understanding of global economics and world history of a 12-year-old boy.

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Posted

How Major Car Brands Are Affected by Trump’s Tariffs
The scale of the damage depends on the circumstances of each company’s supply chain.

The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad.

But there will be important differences based on the circumstances of each company.

Tesla
The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the United States in factories in California and Texas. As a result, it is perhaps the least exposed to tariffs.

But the company does buy parts from other countries — about a quarter of the components by value in its cars come from abroad, according to the National Highway Traffic Safety Administration.

In addition, Tesla is struggling with falling sales around the world, in part because Mr. Musk’s political activities and statements have turned off moderate and liberal car buyers. Some countries could seek to retaliate against Mr. Trump’s tariffs by targeting Tesla. A few Canadian provinces have already stopped offering incentives for purchases of Tesla’s electric vehicles.

General Motors
The largest U.S. automaker imports many of its best selling and most profitable cars and trucks, especially from Mexico, where it has several large factories that churn out models like the Chevrolet Silverado. Roughly 40 percent of G.M.’s sales in the United States last year were vehicles assembled abroad. This could make the company vulnerable to the tariffs.

But unlike some other automakers, G.M. has posted strong profits in recent years and is considered by analysts to be on good financial footing. That could help it weather the tariffs better than other companies, especially if the import taxes are removed or diluted by Mr. Trump.

Ford Motor
Ford is much less reliant on imported cars than many of its rivals. It makes about 80 percent of the vehicles it sells in the United States in the country. As a result, it would be relatively insulated from the 25 percent tariffs on imported vehicles.

But the company is still dependent on foreign factories for major parts like engines. A Ford factory in Ontario, for example, makes engines for some of its pickup trucks. Ford has been losing billions of dollars on electric vehicles. One of its three battery-powered models, the Mustang Mach-E, is produced at a factory near Mexico City.

Stellantis
The company that owns Chrysler, Dodge, Jeep and Ram, uses overseas factories, in Mexico in particular, to assemble some popular models like Ram pickup trucks. Another model, the Chrysler Pacifica minivan, is made in Ontario.

Stellantis, which was created by the 2021 merger of Fiat Chrysler and Peugeot, has also been struggling with sluggish sales and is searching for a new chief executive. Those challenges put the company, along with some others like Nissan, at greater risk, especially if the tariffs stay in place for months or years.

Toyota
Like other Japanese automakers, Toyota is very dependent on the United States and sold 2.3 million cars in the country last year. About one million of those vehicles were made in other countries, many of them in Canada, Mexico and Japan. That could be a big problem for the company and automakers like Subaru and Mazda, with which Toyota works closely.

But Toyota, the world’s largest automaker, is in a better position than other automakers. It is profitable and considered by analysts to be one of the best-run companies in the global auto industry.

Volkswagen
Europe’s largest automaker could be really hurt by tariffs because it has just one factory in the United States, in Chattanooga, Tenn., where it makes the Atlas and ID.4 sport utility vehicles. It imports many of its cars, including Audis and Volkswagens from Mexico and Porsches from Germany.

The company has struggled financially in recent years because its sales have fallen sharply in China, where domestic automakers have grown quickly by introducing lots of affordable electric and hybrid vehicles. Volkswagen had hoped to make inroads in the United States, but Mr. Trump’s latest tariffs could make that difficult task even harder.

Hyundai and Kia
The South Korean stablemates have made impressive sales gains in the United States in recent years. The companies have also invested in a new electric vehicle factory in Georgia that is starting to increase production, which could help them avoid tariffs on some models.

On Monday, Hyundai’s executive chair, Euisun Chung, announced at the White House with Mr. Trump that his company would invest another $21 billion in the United States, including in a new steel factory in Louisiana. Even though Hyundai and Kia now have three factories in Georgia and Alabama, they will not be able to avoid tariffs on the hundreds of thousands of cars they import into the United States. Many of those vehicles came from South Korea, which negotiated a trade agreement with the United States in 2007 that was updated during Mr. Trump’s first term.

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