Free Traders Case For Tariffs

[eclipsenow]

This post is very confused

Err, no. If you can't see the Logical contradiction in your own position - I think someone else is confused.

 

[Belk]

NASDAQ is almost back to where it was a week ago. Still got a ways to go before it gets back to where it was when he took office.

How long before consumer confidence is back do you think? I'm guessing a good long while.

 

[Aryeh Jay]

Yes, very sad. From talking admiringly about a dead golfing pro's sexual member, to the latest potty-mouthed rants, he's just a deranged, fouth-mouthed old man. That kind of thing fits the pattern of dementia and senility.

If he cared about anything like a legacy, he should never have run for president.

I had to quit drinking Arnold Palmer tea because it made me feel gay.

 

[iluvatar5150]

How long before consumer confidence is back do you think? I'm guessing a good long while.

It's been a long time since I gave up trying to understand why consumers feel anything.

 

[eclipsenow]

Apparently, you might not know about "The Art of the Deal." Also, I am certain that President Trump has far more "backbone" than the previous president. Whereas most conservatives had already known and understood about Trump's negotiating skills and the reasons for those tariffs.

Ah - please show me the conservatives who justify $8 TRILLION dollars lost and market confidence wrecked and America's international REPUTATION in the mud all in the name of a bluff!
Because I put to you that person is not a Conservative but some kind of chaotic anarchist!

A Conservative values... Conserving things! Imagine that? Not changing too fast and radically. Not spooking the markets unnecessarily. Implementing one small step at a time - and seeing how markets react. (The unpredictable Invisible Hand.)

Being Conservative is definitely NOT electing a malignant narcissist that loves the chaos just so he can get his narcissistic supply!

And, sadly, his verbal slip ups are not like Joe Biden's where Joe was fighting a lifelong stutter - and was also a tired old man that should have retired a decade before! (Australia's Westminster party system would simply not have let either candidate run!)

Biden had an old brain.
Trump's verbal decay of the last few years shows he has a sick brain. Getting worse.

But he's so narcissistic he won't leave until someone pulls the 25th - or he pushes the big red button - then it won't matter.

 

[Hans Blaster]

Yes, it has. Completely and totally.

The Confederate sympathizers were supporters of the Democratic Party.

Your focusing on the wrong thing due to your reflexive partisanship. It is also wrong. The "Democrat-Republican" divide didn't fully develop until *AFTER* the Civil War. Parties were still in flux before and during the war. According to his Wiki bio, Booth's listed party affiliation was "Know Nothing" (aka "American") Party, a notorious anti-immigrant party whose members largely ended up in the Republican Party (along with the Free Soil and much of the Whig Parties).

 

[BPPLEE]

Err, no. If you can't see the Logical contradiction in your own position - I think someone else is confused.

You don’t know what my position is. You’re just assuming that I am some MAGA following sheep and you couldn’t be more wrong

 

[BPPLEE]

Trump didn't write that book. He had a ghostwriter, Tony Schwartz. Schwartz had one interview with Trump, where Trump gave some of his thoughts about his own business strategies, but most of it was written by Schwartz.

The whole thing was a scheme to promote his own brand. Trump actually didn't run hardly any businesses in the usual sense, he's a confidence man or barker that gets other investors to put up most of the money for his building projects, then he leaves other people with the responsibilities of figuring out how to make money off the projects, as long as his brand name is kept on the building or company. He also engaged in alot of predatory stock trading as extortion schemes, some of which was later made illegal in places like New Jersey.

Yeah he’s a total failure that doesn’t know anything about business yet somehow he’s a billionaire.

 

[FireDragon76]

Yeah he’s a total failure that doesn’t know anything about business yet somehow he’s a billionaire.

He's taken advantage of all the loopholes and broken regulatory systems he can. It also helps that his father was wealthy and left him, not his older brother, with most of the money.

 

[Vambram]

Billionaire investor Bill Ackman defends Donald Trump's tariff play.

If I were president, I would have started with a 90-day period for negotiations and then brought the hammer down.
By doing it President Trump’s way, the entire world and their citizens got to experience the visceral impact of what massive tariffs would do to their businesses, their stock and bond markets, and their economies.

We were able to learn who are the preferred trade partners and who are the problems, based on who showed up early and what they offered, and who chose to retaliate. Every country is now incredibly motivated to make a deal with us as quickly as possible to avoid the draconian consequences they will experience with no deal.

China has been isolated as a bad actor and every American company is immediately moving their supply chains out of China back to the U.S. or to trading partners of the U.S. who are likely to make favorable tariff deals with the U.S. Time is not China’s friend. As more time goes by, more companies find other and better alternative suppliers outside of China. So China is incentivized to come to the table soon and to be reasonable in their negotiations.

The countries that showed up first and offered zero tariffs will now be rewarded with more business, motivating them to complete their deals with us promptly. All of the above was accomplished with only a few days of market turbulence.
Some have questioned whether this was Trump’s strategy all along. We may never know. I instead focus on the outcome. Looking at the facts objectively, the only word that comes to my mind is ‘brilliant.’

Billionaire investor Bill Ackman defends Donald Trump's tariff play

His view is worth reading, even if you don't agree. (I don't agree.)

alexberenson.substack.com

 

[GoldenBoy89]

Billionaire investor Bill Ackman defends Donald Trump's tariff play.

If I were president, I would have started with a 90-day period for negotiations and then brought the hammer down.
By doing it President Trump’s way, the entire world and their citizens got to experience the visceral impact of what massive tariffs would do to their businesses, their stock and bond markets, and their economies.

We were able to learn who are the preferred trade partners and who are the problems, based on who showed up early and what they offered, and who chose to retaliate. Every country is now incredibly motivated to make a deal with us as quickly as possible to avoid the draconian consequences they will experience with no deal.

China has been isolated as a bad actor and every American company is immediately moving their supply chains out of China back to the U.S. or to trading partners of the U.S. who are likely to make favorable tariff deals with the U.S. Time is not China’s friend. As more time goes by, more companies find other and better alternative suppliers outside of China. So China is incentivized to come to the table soon and to be reasonable in their negotiations.

The countries that showed up first and offered zero tariffs will now be rewarded with more business, motivating them to complete their deals with us promptly. All of the above was accomplished with only a few days of market turbulence.
Some have questioned whether this was Trump’s strategy all along. We may never know. I instead focus on the outcome. Looking at the facts objectively, the only word that comes to my mind is ‘brilliant.’

Billionaire investor Bill Ackman defends Donald Trump's tariff play

His view is worth reading, even if you don't agree. (I don't agree.)

alexberenson.substack.com

Unless the goal was just some short term gains in the stock market we don’t know the outcome yet as no actual deals have been made, China hasn’t backed down and in 90 days when the tariffs take effect again we’ll right back where we were last week.

 

[Hans Blaster]

Unless the goal was just some short term gains in the stock market we don’t know the outcome yet as no actual deals have been made, China hasn’t backed down and in 90 days when the tariffs take effect again we’ll right back where we were last week.

Or worse. Not counting China, Mexico, and Canada, the 10% base tariff Trump added is *ALREADY* higher than our typical tariffs on goods we import from other countries. With Canada, Mexico, and China increases, and the auto, aluminum, and steel tariffs, the impact on the economy and inflation from the mid-day (Wednesday) yesterday tariff levels is not any better (and probably worse) than the "fake formula" tariffs from *last* Wednesday.

 

[Belk]

Unless the goal was just some short term gains in the stock market we don’t know the outcome yet as no actual deals have been made, China hasn’t backed down and in 90 days when the tariffs take effect again we’ll right back where we were last week.

<Looks at the stock market>

Uh.... That would be a failure as well. We are still well down from the starting point with nothing to show for it.

 

[RocksInMyHead]

<Looks at the stock market>

Uh.... That would be a failure as well. We are still well down from the starting point with nothing to show for it.

Shorter term than that. See everyone who bought the dip.

Trump ignites ‘insider trading’ accusations after global tariffs U-turn

US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositions

www.theguardian.com

Schiff Wants Tariff Pause Investigation Over Insider Trading

The Senator tells TIME he is concerned Trump engaged in insider trading or market manipulation with his abrupt reversal of tariffs.

time.com

 

[BPPLEE]

Shorter term than that. See everyone who bought the dip.

Trump ignites ‘insider trading’ accusations after global tariffs U-turn

US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositions

www.theguardian.com

Schiff Wants Tariff Pause Investigation Over Insider Trading

The Senator tells TIME he is concerned Trump engaged in insider trading or market manipulation with his abrupt reversal of tariffs.

time.com

Buy low sell high has been advice as long as there has been a stock market

 

[RocksInMyHead]

Buy low sell high has been advice as long as there has been a stock market

Of course. The trick is knowing when to buy. If you've got inside information on when a major change is happening, acting on that info can be quite illegal. Just a few minutes before Trump announce the pause in tariffs, someone (or someones) bought a TON of same-day call options for both the S&P and NASDAQ. You don't do that without insider info.

https://x.com/SpencerHakimian/status/1910120891637186965

https://x.com/DrewPavlou/status/1910105304815292818

ETA:

More comprehensive summary here: https://x.com/unusual_whales/status/1910033260975165836

 

[Vambram]

Unless the goal was just some short term gains in the stock market we don’t know the outcome yet as no actual deals have been made, China hasn’t backed down and in 90 days when the tariffs take effect again we’ll right back where we were last week.

We shall have to wait and see what happens.

 

[Pommer]

NASDAQ is almost back to where it was a week ago. Still got a ways to go before it gets back to where it was when he took office.

A couple more months of this and they’ll learn to not take anything that President Trump says/does seriously, and then he’ll have to “up the ante”.

 

[FreeinChrist]

Yes, it has. Completely and totally.

The Confederate sympathizers were supporters of the Democratic Party.

No, it hasn't.
Confederate sympathizers were propably supporters of the Democratic Party of that day. The party then is not the party now.
Your attempt to insult todays Democratic party, which passed the Civil Rights Act and is proDEI as in all should be treated equally and included in government as we are a very diverse group. From my interactions, it has been Trump supporters who say, "A (woman or black male or female) got the job? DEI hire." That is very bigoted as it assumes the person did not earn the job on their own merit.

It is pathetic to try and equate the Democratic party of 1860s to now in an effort to insult.

The Republicans Party sure changed.

 

[GoldenBoy89]

<Looks at the stock market>

Uh.... That would be a failure as well. We are still well down from the starting point with nothing to show for it.

Thanks, I hadn’t looked since yesterday when I heard of the quick rise in the market. Now it’s back down again.

I’m sure investors just love working in a bipolar economy.