Trump's Trade War

[DigglerontheHoof 21044]

5 minutes ago, 4th&Five said:

 

I have two Harleys.  Go fuck yourself Trump.  Harley Davidson is an American icon, you're an orange cunt. 

Edited July 3, 2018 by DigglerontheHoof

[Fudge Nuggets 19144]

4 minutes ago, Mojo Hand said:

Am I misunderstanding that tweet, or is he claiming that Harley's announcement two weeks ago made their sales fall 7% in 2017?

He's called dotard for a reason.

[sidis 9731]

7 minutes ago, 4th&Five said:

 

every time he lays out one of these ridiculous protectionist tweets, i am always reminded of this clip...which does a great job of reflecting the essence of this dipshit.

 

[F250 28674]

2 hours ago, Mojo Hand said:

Am I misunderstanding that tweet, or is he claiming that Harley's announcement two weeks ago made their sales fall 7% in 2017?

[lemonlime 5503]

2 hours ago, Mojo Hand said:

Am I misunderstanding that tweet, or is he claiming that Harley's announcement two weeks ago made their sales fall 7% in 2017?

He has dementia.  He thinks it is 2017.

[Pancho 44434]

 

[SKJ 1305]

Fucking orange raccoon

[Pods 7525]

12 hours ago, F250 said:

You greatly overestimate the population based on who you typically interact with. If America was full of brilliant people, that dumb motherfucker wouldn't be president.

[Ted Lange 16040]

16 hours ago, sidis said:

every time he lays out one of these ridiculous protectionist tweets, i am always reminded of this clip...which does a great job of reflecting the essence of this dipshit.

 

Chances that any of the fucking morons that support this Dotard have watched this video?  GR is more worried about Time magazine covers.  Sad!

[retread 2951]

Quote

U.S. pig farmers are bracing for another round of steep tariffs this week from China and Mexico following President Trump's decision to impose hefty tariffs on the two countries.

According to CNBC, some major U.S. pork producers fear they will lose a significant amount of money once China and Mexico implement the tariffs, forcing some to move their investments overseas.

China is expected to begin fetching a 25 percent tariff on U.S. pork imports on Friday. Mexico, which imposed a 10 percent tariff on pork imports last month, is expected to double its import tax to 20 percent on Thursday. CNBC reported that China's taxes will exceed 70 percent when combined with previous import taxes.

"We put a halt on all investment, not just because we will be losing money, but because we don't know if growing in the U.S. is the right move if we won't be an exporting country," Ken Maschhoff, chairman of Maschhoff Family Foods and co-owner of the nation's biggest family-owned pork producer told CNBC.

 

[Js1 85085]

Just because your job is to farm pigs don't mean they had to vote for one.

[Nice Guy Eddie 13406]

On 7/3/2018 at 9:07 AM, 4th&Five said:

 

I have to imagine Trump is reaching out to the Teutuls of Orange County Choppers to see if they can take over the Harley demand.   Team Reality. 

[Washpark 176]

 

[SubliminalHorn 6672]

36 minutes ago, retread said:

 

If the Democrats are hammering at this and spreading the message that they’ll rein in the president and end the tariffs, then they’re just fucking worthless 

[retread 2951]

Libs are getting pwned bigly

[Mojo Hand 4580]

Fuck Iowa.  Enjoy MAGAing, assholes. 

[zork 629]

https://www.marketwatch.com/story/us-offer-for-zero-solution-to-car-tariffs-drives-eu-auto-makers-higher-2018-07-05

 

Now the gambit from the threat:

Quote

SHARE

 

43

 

Shares of European car makers climbed Wednesday on the prospect of a softening stance on auto-industry tariffs by the U.S. if the European Union makes a concession. A U.S. official said the U.S. would be prepared to stop threatening to impose stiff tariffs on cars imported from the EU if the bloc eliminates duties on U.S. cars, according to a report by German newspaper Handelsblatt, citing unnamed sources. Prospects for a so-called "zero solution" lifted the Stoxx Europe 600 Autos and Parts Index SXAP, +3.07% up by 3.1%. In Frankfurt trade, shares of BMW AG BMW, +2.01% leapt 4.2%, Volkswagen AG VOW3, +2.88% gained 2.8% and Daimler AG DAI, +2.29% added 3.3%. In Paris, Peugeot SA UG, +3.15% rose 2.6% and Renault AG RNO, +2.67% picked up 1.8%. In Milan, Fiat Chrysler Automobiles NV sharesFCA, +5.32% revved up 4.1%.

Hmm, seems like Trump didn't want tariffs.  Only wanted our allies to not have unfair trading against our goods that were already in place.  Zero solution, will the EU go for it?  Will China?  Will Canada? Etc, Etc.

Edited July 5, 2018 by zork

[zork 629]

more info:

 

[zork 629]

Seems like the pre-existing trade wasn't so free  for either side.  All to zero, right?

[David Dennison 18646]

This is not going well for The Donald.

[GRHorn 105]

I saw this today and thought it’s an interesting breakdown.  It probably fits here best.  I’m sure people here will disagree with the assessment, but one fact is indisputable.  The markets believe that China and the rest of Asia will fare far worse than we will in any trade war.  They are much more vulnerable.  Now, whether it’s worth the damage that could be inflicted to us is another question.

Maybe this is why Xi is targeting Trump voters like I said in the other thread?  The threat of tariffs is effective, Xi is scared of their impact (the Shanghai market is down 20% this year!), and he would like someone more friendly to Chinese interests to be President.   You can admit that and also not be a Trump supporter   

 

[F250 28674]

Does anyone believe that Trump understands a tenth of what that woman said?

 

[Larry T. Spider 1740]

The head of the largest pork producer in the US was on CNBC today and said that the tariffs will cost his company 100 million a year. Much bigger deal than the Harley story. Basically said that it will flood the US with cheap pork in the short term, producers can’t make money so they cut way back on production, prices go up for American consumers and the business make less money, massive layoffs happen. But hey, we got a few more steel guys in Pennsylvania so it’s all worth it, right dotard?

[Hefeweizen 5307]

5 hours ago, Larry T. Spider said:

The head of the largest pork producer in the US was on CNBC today and said that the tariffs will cost his company 100 million a year. Much bigger deal than the Harley story. Basically said that it will flood the US with cheap pork in the short term, producers can’t make money so they cut way back on production, prices go up for American consumers and the business make less money, massive layoffs happen. But hey, we got a few more steel guys in Pennsylvania so it’s all worth it, right dotard?

I'm looking forward to the cheaper prices we'll see as a result of these tariffs.  And the job growth.  Plus we should have a lot of allies on board with us, right?

[GhostOfTomJoad 9306]

And yet the Trumpkin farmers & factory workers who will take it in the shorts, lose jobs & may even be forced to sell their farms or default will still swallow the BS from their orange god. Because he speaks tough, just like them. #MAGA!!!

[Nice Guy Eddie 13406]

It is possible that the other countries realize that the US has a madman in office who takes everything personally and could ruin the worlds economy in pursuit of tariff victory.  They may capitulate first.  And if it costs us a few MAGA industries to do it, I can live with that.

[SKJ 1305]

I'm in agreement that neither Trump, not any of his advisors know anything she's taking about. 

Especially since those conditions would be near impossible to foresee. You could only make those determinations she made after. 

I hate to think that investment would drive the replacement of GDP, especially foreign investment. I don't think investors place any faith in the dartboard policies of Trump, and would believe that he's going to see it through.

But whatever. It's a post-mortem analysis that would probably prompt Trump to take credit for the move, even if all of those factors didn't exist before the trade war.

[Parliament 14121]

8 hours ago, Larry T. Spider said:

The head of the largest pork producer in the US was on CNBC today and said that the tariffs will cost his company 100 million a year. Much bigger deal than the Harley story. Basically said that it will flood the US with cheap pork in the short term, producers can’t make money so they cut way back on production, prices go up for American consumers and the business make less money, massive layoffs happen. But hey, we got a few more steel guys in Pennsylvania so it’s all worth it, right dotard?

Smithfield Foods?  Owned by the Chinese.

[Hefeweizen 5307]

I thought the Brazilians bought the big slaughterhouses. Maybe I'm misremembering.

 

Edit its JBS that's Brazilian owned. Smithfield is Chinese as parliament said.

[Larry T. Spider 1740]

10 minutes ago, Parliament said:

Smithfield Foods?  Owned by the Chinese.

Had to go find an article on it. It’s the largest family owned pork producer, not the largest overall.

https://www.google.com/amp/s/www.cnbc.com/amp/2018/07/04/us-pork-producers-brace-for-new-pork-tariffs-from-china-mexico.html

It's pretty apparent that these countries will go after, by and large, Trump supporters from a political base standpoint since items exported by red states are the ones being targeted," said Maschhoff, a past president of the National Pork Producers Council and a fifth-generation hog producer.

According to Maschhoff, the tariff will result in a hit of $100 million for his Illinois-based family farm operation, which markets about 5.5 million hogs a year and operates in 10 states.

"That's one farm company, and not the whole industry," said Maschhoff. "It's really tough and we had anticipated a decent 2018-19. This is only the second time we've had red ink 37 years in the business."

In 2017, the average value of a hog was $147 — and of that amount almost $54 of the total value was driven by exports, according to Monroe. He said about 550,000 jobs are tied to the pork sector and 110,000 of them are directly tied to exports.

[Dahobbs 17420]

12 hours ago, zork said:

Seems like the pre-existing trade wasn't so free  for either side.  All to zero, right?

Of course, another way to say that is that US duties can actually be higher than European import tariffs. And none of that is accounting for subsidies.  I'd be all for a free trade agreement with Europe. But I thought Trump was against free trade (e.g., NAFTA)? The whole thing is perplexing as the only real end game appears to be "balanced trade," which is incredibly stupid. 

 

[kevwun 15608]

Retaliatory tariffs aimed at his base in red states is a smart move by other countries.  Hitting his supporters in the pocketbooks is the only thing left to try since they have no use for facts.

Edited July 6, 2018 by kevwun

[Pig Bellmont 8691]

markets have withstood drastically falling bc it has been believed no one would actually allow the US to enter a trade war. Welp that shit is going out the window bc we really are driving this car off the cliff. Hold on to your butts. “Trade wars can be good and are easy to win” is going on Trump’s political tombstone. 

[UrbanAchiever 276]

15 minutes ago, kevwun said:

Hitting his supporters in the pocketbooks is the only thing left to try since they have no use for facts.

The thing is, it doesn't seem to faze them. They'll go broke for their clown.

[ChiTownDoc 21097]

Good friend’s family, Pope’s, sold Smithfield to a Chinese group, WH, few years ago.  Worlds largest pork producer.  Deal involved a lot of stock/options.  His net worth wobbled about 9 figures.  He already hated Trump but he’s on full tilt right about now. 

/CSB

[Larry T. Spider 1740]

Top pork producing states. Suck it trump country.

1. Iowa - $4.2 billion
2. Illinois - $1.54 billion
3. Minnesota - $1.47 billion
4. North Carolina - $1.46 billion
5. Indiana - $1.04 billion
6. Oklahoma - $952.7 million
7. Missouri - $791 million
8. Nebraska - $657.5 million
9. Wisconsin - $605.2 million
10. Ohio - $542.7 million

[Stunns38 3357]

Bacon-cheeseburgers will be a delicacy.

[lemonlime 5503]

1 hour ago, Pig Bellmont said:

markets have withstood drastically falling bc it has been believed no one would actually allow the US to enter a trade war. Welp that shit is going out the window bc we really are driving this car off the cliff. Hold on to your butts. “Trade wars can be good and are easy to win” is going on Trump’s political tombstone. 

Fox News and the cult of Trump will blame MS-13 and Hillary for the failing economy.  Nothing matters.

[ChiTownDoc 21097]

3 hours ago, Parliament said:

Smithfield Foods?  Owned by the Chinese.

Yes. Chris Pope’s old man was CEO when they sold.  Chris had a cush gig pulling half million too.  The real key was all the stock and options they walked away with.  And those are taking a beating in various forms. Smithfield has done a big roll up with LBO’s etc so it involved a shitload of different companies.  They divested beef but still were tied to that market through investments.  It’s been a beating.  

[Chad Fuck 17548]

2 hours ago, Stunns38 said:

Bacon-cheeseburgers will be a delicacy.

They already are you communist mother fucker.  

[GRHorn 105]

4 hours ago, Pig Bellmont said:

markets have withstood drastically falling bc it has been believed no one would actually allow the US to enter a trade war. Welp that shit is going out the window bc we really are driving this car off the cliff. Hold on to your butts. “Trade wars can be good and are easy to win” is going on Trump’s political tombstone. 

So why have they fallen hard only on the Asian side?

[David Dennison 18646]

2 hours ago, lemonlime said:

Fox News and the cult of Trump will blame MS-13 and Hillary for the failing economy.  Nothing matters.

Don't forget Obama. Somehow Trump fucking up the strong economy he was gifted will be Barry's fault.

[bad_teammate 13132]

I hope all the billionaires who are now just mega-millionaires are able to find relief somehow.

[RayDog 682]

10 minutes ago, David Dennison said:

Don't forget Obama. Somehow Trump fucking up the strong economy he was gifted will be Barry's fault.

He will blame the Democrats that are hoping the next recession starts before the 2020 election.

[Larry T. Spider 1740]

13 minutes ago, bad_teammate said:

I hope all the billionaires who are now just mega-millionaires are able to find relief somehow.

It’s not about them, it’s about the American economy losing hundreds of billions of dollars due to the mad mad in charge. I get that you don’t give a shit if it hurts the rich, but the problems won’t stop there. People that can least afford to lose jobs will be out of work. Anybody will a retirement account will also be hurt.

[David Dennison 18646]

11 minutes ago, RayDog said:

He will blame the Democrats that are hoping the next recession starts before the 2020 election.

One of these days middle class Republicans are going to realize that helping the rich get richer does nothing for the economy.

But for that to happen I guess they would have to understand something about economics.

[Pig Bellmont 8691]

44 minutes ago, GRHorn said:

So why have they fallen hard only on the Asian side?

Do you think the current market effects are going to be the extent of the repercussions felt in the US? Does it matter which country sees more drastic results? Are you aware new Chinese tarriffs went into effect at 12:01 this morning? Do you think there will be more or less actions by foreign states to counter current US trade practices?

stop being lazy. Even die hard trump supporters realize this will hurt

[Js1 85085]

32 minutes ago, David Dennison said:

One of these days middle class Republicans are going to realize that helping the rich get richer does nothing for the economy.

[wildcat09 29213]

32 minutes ago, David Dennison said:

One of these days middle class Republicans are going to realize that helping the rich get richer does nothing for the economy.

 

They're well aware of that. Helping the rich get richer (and making the poor poorer) is the goal for them, not the means to some other end.

[ChiTownDoc 21097]

55 minutes ago, bad_teammate said:

I hope all the billionaires who are now just mega-millionaires are able to find relief somehow.

I know you’re joking bc we know the ultra wealthy always end up ok.  It’s JimBob and JudyAnn that buttfucked themselves, sans lube, to stick it to the colored folk.  But I can’t help but to laugh at them...