Tit for Tat Tariffs - The US versus the World

[wing2000]

Look at the current national debt. Countries have been sucking the lifeblood out our economy for decades.

How so? Those countries did not make the decision to spend more money than we take in.

 

[Nithavela]

Loading…

www.cnbc.com

China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump​

The headline says it all. Where do you go from here as the USA? 200%? 1000%? One Bajillion percent?

China is not going to back down. They are not going to blink. They are not going to swerve to the side and avoid in this game of international trade "Chicken". China is fully willing to crash the cars together and let the debris fall as it may.

I believe that is the correct choice. When a bully hits you and you hit him back, and then the bully retaliates by striking you twice, you have to keep swinging. It's the only choice. All this namby pamby negotiations for zero tarriffs and calling Trump with hat in hand obviously gets you nothing except mockery and perhaps a temporary stay of execution for humilation and concessions, with the next round of bullying right around the corner.

 

[Aryeh Jay]

How so? Those countries did not make the decision to spend more money than we take in.

Are you kidding? They practically forced us to get involved in two wars and give tax breaks when we couldn't afford to.

 

[stevil]

This was unsustainable and if Trump didn't do something now, everything would have collapsed (self corrected) in a short time.

The USA economy was doing just fine, the USA stock market was doing just fine. The Biden administration took over in the throws of the pandemic, which had shut down the economy and shut down global supply chains, inflation took hold world wide.

But still the Biden administration worked through all the difficult challenges and managed to pull USA out of the mess, USA was improving quicker than most countries world wide, and it steadily got better and better.
Then Trump took over, in bombastic fashion, Trump threatened USA's allies, teased and taunted them with tarrifs, I'm gonna put them on, then last minute, Nah, just kidding, but then later, of course I wasn't kidding, they are going on, and then nah, just kidding, and now they have gone on.
Business confidence has been shattered, USA's relationships with their allies and trading partners have been shattered. Now in less than 3 months of Trump taking office, the USA is headed for a recession, the stock market is crashing, and MAGAs are running round the internet full of crazy excuses.

 

[Nithavela]

The USA economy was doing just fine, the USA stock market was doing just fine. The Biden administration took over in the throws of the pandemic, which had shut down the economy and shut down global supply chains, inflation took hold world wide.

But still the Biden administration worked through all the difficult challenges and managed to pull USA out of the mess, USA was improving quicker than most countries world wide, and it steadily got better and better.
Then Trump took over, in bombastic fashion, Trump threatened USA's allies, teased and taunted them with tarrifs, I'm gonna put them on, then last minute, Nah, just kidding, but then later, of course I wasn't kidding, they are going on, and then nah, just kidding, and now they have gone on.
Business confidence has been shattered, USA's relationships with their allies and trading partners have been shattered. Now in less than 3 months of Trump taking office, the USA is headed for a recession, the stock market is crashing, and MAGAs are running round the internet full of crazy excuses.

It's greed, is what it is. The people of the USA had the best recovering economy after Covid-19 and cried for more, more, more.

A couple of years of poverty will help the people of the USA appreciate what they had.

 

[wing2000]

China is not going to back down. They are not going to blink. They are not going to swerve to the side and avoid in this game of international trade "Chicken". China is fully willing to crash the cars together and let the debris fall as it may.

Yep. China can outlast Donald Trump. He just doesn't realize that....yet.

 

[Aryeh Jay]

The USA economy was doing just fine, the USA stock market was doing just fine. The Biden administration took over in the throws of the pandemic, which had shut down the economy and shut down global supply chains, inflation took hold world wide.

But still the Biden administration worked through all the difficult challenges and managed to pull USA out of the mess, USA was improving quicker than most countries world wide, and it steadily got better and better.
Then Trump took over, in bombastic fashion, Trump threatened USA's allies, teased and taunted them with tarrifs, I'm gonna put them on, then last minute, Nah, just kidding, but then later, of course I wasn't kidding, they are going on, and then nah, just kidding, and now they have gone on.
Business confidence has been shattered, USA's relationships with their allies and trading partners have been shattered. Now in less than 3 months of Trump taking office, the USA is headed for a recession, the stock market is crashing, and MAGAs are running round the internet full of crazy excuses.

The things you have to do for a legacy. I would have been happy to be know as the first President impeached twice and failed coup leader. Apparently some need more than that.

 

[Aryeh Jay]

Yep. China can outlast Donald Trump. He just doesn't realize that....yet.

Humbug! They will remember Donald Trump long after the Terra Cotta Warriors and Great Wall have turned to dust.

 

[Nithavela]

Yep. China can outlast Donald Trump. He just doesn't realize that....yet.

I just wish that the EU had the political willpower to follow suit.

No symbolic tarriffs on harley davidson and whiskey. 50 % on everything, including digital services (where the USA has a trade surplus).

 

[Postvieww]

We will know a lot more in a couple of months. By then,

1) the government will have a CR through September (the end of this fiscal year)
2) the Trump reconciliation bill will have passed, extending the huge tax breaks for the rich, and including huge spending cuts
3) what tariffs are likely to continue into the future
4) have an idea regarding just how bad the inflation will be
=============
WHAT WILL HAPPEN ALMOST FOR SURE (as promised)
1) non-defense federal government spending will be greatly reduced
2) the vast majority of regulators will be gone, increasing IRS non-payments and other fraud by large amounts
3) the rich will get their promised many trillions dollar tax break, including a large reduction in the corporate tax rate
4) the working classes and the poor will have greatly reduced services in the transition from federal to state responsibilities
5) corporate criminals (especially environmental) will have their lawsuits and regulations erased

DID WE VOTE FOR THIS?
Of course we did. We knew what Trump intended with regard to the federal government and regulation. The big difference is just how clumsy and stupid the implementation has been. All of the above COULD have been done with a DOGE similar to that of 1994, one that resulted in the cutting of 377,000 federal jobs, welfare reform and ZERO lawsuits. And just BTW, the result was a surplus and a 10-year plan to retire the debt.

FOOD FOR THOUGHT
If there were a DOGE that operated more sanely and legally to virtually destroy the federal infrastructure, the majority would end up cheering, as long as there were no cuts to Medicare, Social Security and Medicaid. In addition, any monies that government wanted to transfer from rich states to poor states would be moved to block grants to the states (revenue sharing).

Some points missed. 1. The extreme fraud and outright waste of taxpayer money to senseless insane programs brought to public attention by DOGE. 2. How and why we got into this mess of a bloated bureaucracy. 3. Fraud against SS and Medicaid by crooks and illegals.4. Use of lawfare and corrupt judges to stop a legitimate much need audit of the federal government. Yes many of us did vote for this and it was far overdue. The characterization of many calling a thorough audit clumsy and stupid might be called just that.

 

[Postvieww]

he really has the mentality of a 5 year old, "Why did you punch me back after I punched you."

The unfair tariffs against us for years were the first punch most administrations just took the hit. Actually in the past some democrats complained about tariffs but none had the courage to do anything about it.

 

[Aryeh Jay]

I'm sorry but after the big claims of DOGE turned out to be false, I really don't believe anything that they put out.

There's an old saying in Tennessee, I know it's in Texas, might be Tennessee too. Fool me once, shame on you. Fool me, you can't get fooled again.

 

[Postvieww]

......neither does trump, he thinks they are a tax on other countries, the guys an idiot.

Really now! Who is the unfair tariffs on America a tax on?

 

[wing2000]

The unfair tariffs against us for years were the first punch most administrations just took the hit. Actually in the past some democrats complained abut tariffs but none had the courage to do anything about it.

The US has tariffs in place for years as well. Are they unfair?

 

[Postvieww]

The US has tariffs in place for years as well. Are they unfair?

Show us a list of tariffs on American goods exported and compare that to the reverse and you will have your answer.

 

[wing2000]

DALLAS — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across the globe.


Gee, I wonder why? [Wally world is scrambling to find American suppliers to fill their shelves?]

Loading…

www.cnbc.com

 

[wing2000]

Show us a list of tariffs on American goods exported and compare that to the reverse and you will have your answer.

No. You made the claim. Back it up.

 

[wing2000]

Day 4 of Trump's fantasy land....is off to smashing success. Tired of winning yet?

U.S. stock futures were down sharply again on Wednesday after China announced retaliatory tariffs on U.S. goods in the latest escalation of global trade tensions.

Dow Jones Industrial Average futures dropped 790 points, or 2.1%.

 

[Postvieww]

The USA economy was doing just fine, the USA stock market was doing just fine. The Biden administration took over in the throws of the pandemic, which had shut down the economy and shut down global supply chains, inflation took hold world wide.

Just fine you say with an unsustainable debt crisis which would drive the nation into bankruptcy. We were not just fine this country was on a collision course with insolvency.

 

[Aryeh Jay]

DALLAS — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across the globe.


Gee, I wonder why? [Wally world is scrambling to find American suppliers to fill their shelves?]

Loading…

www.cnbc.com

Arkansas will have their child labor sweatshop industry up and running soon.