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Tariffs

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Comments

  • "President Donald Trump, while en route to Italy for Pope Francis’ funeral, seemed to be more focused on football."

    Reminiscent of one of his predecessors.

    "On Nov. 15, 1969, the Vietnam Moratorium Committee staged what [was] believed to be the largest antiwar protest in United States history when as many as half a million people attended a mostly peaceful demonstration in Washington."

    "On the day of the November march, Nixon devoted the morning to foreign policy and announced to reporters that he was going to spend the afternoon the right way: 'It was a good day to watch a football game.'"

    I'd reference a Pete Seeger song of the era but I wouldn't want to be accused of playing the Nazi card.
  • I was there. !!!!!!!
  • Nicholas Sargen says Trump’s tariff policies are of historic proportions with lasting consequences for the global economy and financial markets.


  • In the weeks ahead, the markets will get another bump when our grand leader steps up to the mic and claims that the US has scored MASSIVE tariff victories on a list of various countries (including Penguin island), but not China and probably not the EU. Calling them victories will be debatable due to lack of details provided, but the knee-jerk reaction will be another market rally. Traders will fade that rally.

    When the dust settles, China will be there staring us down. U.S. store shelves will be getting more empty by the day. Our grand leader clearly "overplayed his hand", a reference he once used on Zelensky.

    There's the small issues of inflation spiking, companies trying to feel out guidance of any kind and fading confidence in U.S. leadership's competence. Market volatility will continue as our grand leader cannot remain in the shadows for more than a 4 hour period.

    Tell me I am wrong.
  • You're wrong... He can't remain in the shadows for more than 2 hours. :^)
  • >> a large plurality voted him into office

    huh ?
  • >> a large plurality voted him into office

    huh ?

    His vote count did not quite get him to a majority of the total votes cast. He came in just a hair under 50%.

  • it seems somebody understands the word 'plurality', but not the word 'large'.
  • edited April 30
    As expected, the flailing Toddler in Tweet is still blaming bad economic data happening during his regime on Biden...

    https://www.cnbc.com/2025/04/30/trump-gdp-tariffs-biden-overhang.html
  • Funny!

    As soon as the econ data broke this AM, the missus said to me, "He'll blame Biden!"
  • edited April 30
    No surprise from someone who never takes responsibility for bad outcomes arising from his own actions!
    He truly doesn't know the meaning of "The buck stops here."
  • As long as it works with his base, he will say this even in year four or his last year, whichever comes first.
  • The idea of blaming Biden never gets old. His base loves to hate - they need hate to feed the fire.

    No accountability. Man up, dude. Would be refreshing.
  • Relatedly --

    Peter Navarro is delusional .... on CNBC: says this morning's horrible economic numbers are actually good news because if you remove the effect of tariffs "you have 3 percent growth. So we really like where we're at now."

    That's the same BS economists use to spin data when drawing distinctions between 'CPI' and 'core CPI' which excludes food/fuel -- 2 major day-to-day expenses in a person's life.
  • edited April 30
    delete
  • edited April 30
    A remake of Bob Marley's "I Shot the Sheriff" with tariff lyrics.
    https://www.youtube.com/watch?v=_DyNjjSxO8s
  • You wonder why Musk called Navarro “dumber than a sack of brick”. You look at Navarro’s tariff equation and you have to ask does he know his basic math. I thought getting doctorate economics degrees from major universities requires basic algebra.

    The odd of recession is over 50% and the full tariffs impact has yet all play out. Question is, what are you plan going forward?
  • edited April 30
    GDP news today was not a surprise due to the tariffs. Yet the trade advisor, Peter Navarro spun the math from a 0.3% loss to a 3.0% gain.

    The odd of recession is over 50% and the full tariffs impact has yet all play out. Question is, what are you plan going forward?
  • Crash said:

    >> a large plurality voted him into office

    huh ?

    His vote count did not quite get him to a majority of the total votes cast. He came in just a hair under 50%.
    Your 'hair' was 1.142M voters. The number needed plus one to reach majority. About the number of registered voters in Arkansas, say.
  • edited April 30
    Funny thread. Thanks all for the chuckles.

  • back2subject:

    it appears 'useless' non-party career staff responsible for contractual language and legals no longer exist, so unclear what fox news will wave around as proof of deals.

    safer assumption may be other sides are not expecting compliance from trump...see his tweaked nafta from term 1.
    or simpler, trump gets bored when bribes no longer likely, signs a blanket trade eo to retract hundredsome prior that served publicity purpose.
  • 2024 Election vote count: Trump wins with 49.9% of votes. I've tried and tried to find a full tally of votes which includes the "minor" candidates, not just Dem and Rep, but by now it seems like every source I check wants us to think that Trumpster and Harris were the only choices. (SHIT!)
    https://newsinteractives.cbc.ca/elections/us/2024/results/
  • rforno said:

    Relatedly --

    Peter Navarro is delusional .... on CNBC: says this morning's horrible economic numbers are actually good news because if you remove the effect of tariffs "you have 3 percent growth. So we really like where we're at now."

    That's the same BS economists use to spin data when drawing distinctions between 'CPI' and 'core CPI' which excludes food/fuel -- 2 major day-to-day expenses in a person's life.

    While I think he's getting it wrong, what he is doing is different from stripping out food/fuel from CPI.

    Thumbnail version:
    GDP =
    C (personal consumer expenditures) + I (gross private investment) + G (government purchases) +
    NX (net exports)

    If private companies increase inventory, that adds to "I", regardless of who produces the inventory items. So we have to subtract out those items that were imported to get to what was produced domestically. (This is done with the NX term.) Subtracting out a quantity that doesn't comprise GDP is different from subtracting out fuel/food which is part of CPI.

    ---

    Navarro is looking at the 21.9% increase in gross private domestic investment. The "domestic" part just means that purchases are by companies in the US; it doesn't mean that the purchases are only of domestic products.
    https://www.bea.gov/help/glossary/gross-private-domestic-investment

    Companies were buying tons of imports in the leadup to tariffs. That's why we have the 21.9% jump in private investment. I haven't identified where his net (of import) 3% figure comes from. I have guesses, but macro isn't my strong suit and it's not worth my spending more time wading through the numbers.
  • Hello, David. I saw those, too. They offer State totals. I'd have to add 50 State totals together in order to get the national total of votes for the likes of Jill Stein. I don't want to bother.
  • Once again, ty.
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