Trump's Trade War

[F250 28,797]

1 hour ago, bernorange said:

The problem is that the question is ambiguous.

There is a literal answer:  Importers pay the tariff on goods they import, that cost generally gets passed on to consumers

There is a also a big picture answer:  More expensive (imported) goods leads to less of them being imported (whether replaced by goods imported from somewhere else or produced domestically).  Less exported goods from the country targeted by the tariffs hurts them.  They "pay for it" in a bigger picture sense.

In reality though, trade wars lead to currency wars which leads to shooting wars (historically).  So, we all end up paying for it.

[SmokeyTheBear 5,562]

DOW down 900 right now. Winning. 

[retread 2,951]

1 hour ago, Nice Guy Eddie said:

I doubt that Trump can even recall the reason he started this trade conflict with China.  Now we're fighting over retaliations because of other retaliations.

One of his initial tirades came right after Hope Hicks got grilled by the House Intel Committee.

[mdmost 43,011]

So correct me if I'm wrong. Trump whines about the Fed being "unfair to him" while raising interest rates. The Fed does something unprecedented since 2008 and lowers rates to help the economy not go into recession. They help Trump with the economy. Then Trump decides to not sit on the good news and instead chooses to poor gas on the trade war by announcing more tariffs on Chinese goods? And then China retaliates. Did I get it all correct?

[SmokeyTheBear 5,562]

1 minute ago, mdmost said:

So correct me if I'm wrong. Trump whines about the Fed being "unfair to him" while raising interest rates. The Fed does something unprecedented since 2008 and lowers rates to help the economy not go into recession. They help Trump with the economy. Then Trump decides to not sit on the good news and instead chooses to poor gas on the trade war by announcing more tariffs on Chinese goods? And then China retaliates. Did I get it all correct?

You missed where he chided the Fed for lowering the rates the way they did. 

[Message Board User 12,395]

 

[Message Board User 12,395]

 

[Horn Under a Bad Sign 20,460]

 

[Horn Under a Bad Sign 20,460]

I really hope somebody asks him a question like this, something like "Mr. President, you said awhile back that if the Dow drops 1000 points in two days the President should be impeached immediately. Do you still think so?"

[David Dennison 18,939]

2 minutes ago, Horn Under a Bad Sign said:

 

Johnny Sack thinks he's doing a great job.

[Blotto 23,560]

6 minutes ago, David Dennison said:

Johnny Sack thinks he's doing a great job.

And thanks to Trumps patriotic rhetoric, there a few less minorities in the country than there were on Thursday, so Johnny Sack can sleep a little easier tonight. 

[Nice Guy Eddie 13,515]

haven't seen Sack around here in a while.  Last I saw of him, he was singing the praises of an Caribbean island that had the extra benefit of mainly having white people there.

[deech 2,291]

15 minutes ago, Horn Under a Bad Sign said:

I really hope somebody asks him a question like this, something like "Mr. President, you said awhile back that if the Dow drops 1000 points in two days the President should be impeached immediately. Do you still think so?"

Oh you got him there.  He will say:

"I never said that.  Fake news.""

You can show him the tweet like it matters.

[6th Street 6,444]

S&P futures down another 1% 

Treasury just labeled China an official currency manipulator

[mdmost 43,011]

Hey, Trump finally fulfilled that campaign promise about labeling China a currency manipulator.

[retread 2,951]

Suck on that, Libtards!

[David Dennison 18,939]

1 hour ago, 6th Street said:

S&P futures down another 1% 

Treasury just labeled China an official currency manipulator

Treasury labels China a currency manipulator only after it stops artificially propping up its currency.

That makes sense.

[Chooky 13,317]

Looks like China is committed to being as stubborn as Trump with this.  When's the next ag bailout to the top five corporate farms coming?  

[Mojo Hand 4,580]

 

[Hugo Stiglitz 23,367]

Looks like we’re entering the “dump” period of this not so obvious “pump and dump” scheme. 

[6th Street 6,444]

1 hour ago, David Dennison said:

Treasury labels China a currency manipulator only after it stops artificially propping up its currency.

That makes sense.

Yo dawg, I heard you like trade wars. So we started a trade war inside yo trade war!

[staboner 4,984]

another day. its not shooting war, and thats good. *pets unused nuke and smiles*

i think of it like this. hey, this is like creating small retardo recessions here and there. it just makes the inevitable big one less painful.

pee positive my friends

 

[Message Board User 12,395]

If the economy goes south, Trump's re-election chances get proper fucked.

 

[6th Street 6,444]

Take a look at the PMI numbers here in the U.S. and elsewhere - steady decline in mfg activity and new orders for the last 12 months or so. 

[Chooky 13,317]

3 hours ago, Horn Under a Bad Sign said:

 

"Dow Joans"

I mean ... what the ... how could you spell ... why did ... where's Joan Cusack?

Dow Joans. Joan's Dow. Bravo, America. Bravo. 

[Chooky 13,317]

If someone said "this motherfucker couldn't even spell Dow Jones" they'd be literal. From now on you shouldn't be able to run for any office without completing an equivalency test in front of a proctor. You shouldn't be able to compete in a pie eating contest if you can't spell Dow Jones.

 

[tx 3 putt 77,221]

15 hours ago, Horn Under a Bad Sign said:

I really hope somebody asks him a question like this, something like "Mr. President, you said awhile back that if the Dow drops 1000 points in two days the President should be impeached immediately. Do you still think so?"

Dow Joans >>> Dow Jones 

jokes on you buddy !

[tx 3 putt 77,221]

The man is an idiot 

Edited August 6, 2019 by tx 3 putt

[David Dennison 18,939]

 

[MissingInAction 25,125]

On 8/5/2019 at 12:43 PM, Chooky said:

The longer the trade war goes on the more tariffs applied. Win win! We're making billions and billions! 

That goes completely unchallenged in front of cameras. I have no idea why. Fire is cold and water freezes at a rolling boil. What in the holy fuck is wrong with the press? 

Probably being controlled the same way Mack Brown controlled the local press.

[Chooky 13,317]

Dow Joans.  Essin Pee.

[elfenix 34,330]

 

you don't want boeing trying to level things. 

[4th&Five 41,570]

He could have stopped at "think that I would be thrilled" because nothing makes him happy.  Ever.

[F250 28,797]

3 hours ago, David Dennison said:

 

He should have his ass kicked for trying to dick with the Fed. There are certain levers that have a sign that says "Keep your fucking hands off!" and the Fed is one of them.

 

[Brisketexan 105,170]

Just now, F250 said:

He should have his ass kicked for trying to dick with the Fed. There are certain levers that have a sign that says "Keep your fucking hands off!" and the Fed is one of them.

 

Oh....you think there are still any rules.  How....adorable.

[horn4life 3,774]

The problem with tariff's is two-fold in the stupidity. 

The only people who think they can win a Tariff war. Are the same folks that think you can kick someone in the balls and they will just grimace and take it... without any response at all.  This is the biggest problem. Which is compounded by the GOP putting party loyalty to Trump above logic and the simplest of math.

Second problem is not understanding that China has levers and MUCH more control over repsonse and management of the conflict.  They can simply buy soy beans from the lucky folks in Brazil, while our small farmers go deeper and deeper into debt.  Even worse what is the incentive for China to shift nearly all of it's soybean purchases back to the US?  Only a fucking moron would put themselves in a position that could again be leveraged against them.  Overall the farmers will lose, because the markets will NEVER EVER fully return, because the US will never again be allowed to be that large of a piece of the pie.

I could go on, but the bottom line is we have a very ineffective and stupid President when it comes to trade.  Lucky for him the folks that support him hardly know anything about trade, but they are learning.  In the end Trump is going to be the reason for a sea of small farms going bankrupt the next few years.  I would say that they deserve it for voting for the moron, but they honestly did not know how stupid Trump was on trade and his inabiility to negotiate anything.  Except perhaps for loans guaranteed by Russians after he lost all his Daddy's fortune...

 

 

[F250 28,797]

Navarro probably put the Fed in Trump's crosshairs. "The tarrifs are not the problem it's the Fed."

 

 

[JimmyJames 12,271]

It’s really annoying when people/pundits/analysts try to make some sense out of trumps insanely stupid trade war. 

The man wants to crash the economy so he can then declare martial law and then become dictator. That’s his plan and he’s said as much himself. The only thing that might save us is he’s a complete dipshit. 

Any further analysis is a complete waste of time. 

[Nivek 16,946]

The man is an idiot 

Nuh uh. I hear he is a stable genius.

[Mrs Whiggins 13,050]

6 hours ago, horn4life said:

Second problem is not understanding that China has levers and MUCH more control over repsonse and management of the conflict.  They can simply buy soy beans from the lucky folks in Brazil, while our small farmers go deeper and deeper into debt.  Even worse what is the incentive for China to shift nearly all of it's soybean purchases back to the US?  Only a fucking moron would put themselves in a position that could again be leveraged against them.  Overall the farmers will lose, because the markets will NEVER EVER fully return, because the US will never again be allowed to be that large of a piece of the pie.

 

 

I know next to nothing about how that works, but looking at it from my simplistic point of view, it would seem to be the objective is to return to that MAGA ideal of the 40s and 50s wherein many small farmers were sharecroppers and tenant farmers. Big ag wins, small ag loses money and land and never regains it.

[Francisco 2.0 32,395]

#MAGA

 

 

 

 

[suddenly shaggy 929]

Those tax cuts are really trickling down, but they leave off the second sentence. It's piss. 

[Nivek 16,946]

At this point, we should welcome piss.  It will help wash off the shitstorm shit from our bullet holes.

[Foosters 17,858]

2 hours ago, Francisco 2.0 said:

#MAGA

 

 

 

 

Holy shit. Wait unti Emmyorid (or whatever that racist fucking coward's name is) hears the news!

[cactusflinthead 27,601]

2 minutes ago, Foosters said:

Holy shit. Wait unti Emmyorid (or whatever that racist fucking coward's name is) hears the news!

Don't care because judges 

[babysdaddy 2,725]

I clicked on the link and it said revenues were up 3% year over year while spending was up 8% on increases in defense and healthcare. So, still tax cuts fault? Don’t answer.

[Mojo Hand 4,580]

Looks like Trump blinked.    He's delayed new tariffs on China.  

[retread 2,951]

Guess we'll have to be happy with the trickle down from the tax cuts until the Chinese start paying us more in tariffs. /s

[wildcat09 29,357]

13 hours ago, Foosters said:

Holy shit. Wait unti Emmyorid (or whatever that racist fucking coward's name is) hears the news!

I think he's moved on to the "well the Dimms fucked us completely already so we might as well just go full cocaine bender now and enjoy it while it lasts!" stance.  The GOP is a death cult.

[retread 2,951]

Wasn't Emoroid pouring all his time into an aluminum grill (cooking) grates startup?

Edited August 13, 2019 by retread