Will tariffs make America great?

when the market crashed in 1929, it didn’t bottom out until 1932.
 
I have never believed stock markets are an indicator of the strength of an economy. The fact is that the US is headed for an inflation surge unless Trump changes course right now. Inflation that will certainly trigger a recession.
 
I would think a good indicator is the ports, LA port for example is currently almost idle- which NEVER happens....

(I first found out about this on Facebook when someone posted about Seatle port having literally NO ships at all docked, the first time this person had ever seen that, they are usually queued up waiting for docking space...

I checked myself on myshippingtracker and its actually true- US ports have practically no container ships at them, which is practically unheard of....
At any of them...
 
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William Parcher said:
S&P 500 posts longest winning streak in 20 years as Trump and China show some willingness to bend on trade.

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Extreme volatility stemming from instability in policy and leadership is nothing to celebrate. Best taken as a sign of speculative behavior rather than of confidence in the long term. Whatever else may be true, the plant and equipment needed to magically re-shore is just not there, and will not be for several years in the best of cases. It is more likely that production will scale up modestly everywhere tariffs are lowest, assuming some form of stable regime is established.
 
Dabop said:
I would think a good indicator is the ports, LA port for example is currently almost idle- which NEVER happens....

(I first found out about this on Facebook when someone posted about Seatle port having literally NO ships at all docked, the first time this person had ever seen that, they are usually queued up waiting for docking space...

I checked myself on myshippingtracker and its actually true- US ports have practically no container ships at them, which is practically unheard of....
At any of them...
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We’re going to start seeing product shortages this month and through the summer. Empty shelves and higher prices.

Just like what happened during Covid, except this time instead of being caused by a global pandemic, it will be caused for no good reason at all.
 
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several other large differences is the social safety net is being dismantled instead of expanded, and no relief funds are incoming.
 
lionking said:
I have never believed stock markets are an indicator of the strength of an economy.
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I agree. It's like judging a student's education based off a single standardized test. Sure, he's pulling in all F's and D's, and has missed a hundred days of school, and reads eight years below his age level, but just look at the score on this one test!
 
Nice article on possible impact of the tariffs on USA consumers:

www.nytimes.com

Your Home Without China

We analyzed import data to show where Americans may see product shortages, fewer choices and price increases.
www.nytimes.com www.nytimes.com

For some reason they don’t include everyday items like yachts and jets.
 
japannews.yomiuri.co.jp

Japan Presses U.S. to Scrap 25％ Auto Tariffs as Ishiba Refuses Partial Trade Deal; No Deal Without ‘Total Rollback’

<p>The government decided Saturday to continue to press the United States to review its extra tariffs on Japanese automobiles during bilateral talks aimed at scrapping the Trump administration’s tariff measures.</p>
japannews.yomiuri.co.jp japannews.yomiuri.co.jp


disagreements with japan regarding automotive tariffs in trade talks, japan wants them gone completely. japan hold significant amounts of bonds and says dumping some of them to put pressure on us economy isn't off the table.
 
trade wars are easy to win. and if they don't make a deal, he'll tell them what the deal is. and he has about 100 other dumb quotes to similar effect you could choose from
 

us chamber of commerce asks for a process for businesses, particularly small businesses that can't bribe their way out of it, to apply for tariff exclusions in an effort to avoid recession.

www.nbcchicago.com

Trump rejects concerns about prices, economic uncertainty as he defends his agenda

In a “Meet the Press” interview, Trump defended his tariffs and downplayed worries about the pressure on small businesses that rely on imports.
www.nbcchicago.com www.nbcchicago.com

trump says he's not concerned about small businesses, there's enough new investment coming in and we have enough dolls and pencils anyway and a small recession would be ok
 
Surely... SURELY by now... It must be clear to all that Trump doesn't have a ◊◊◊◊◊◊◊ clue how international trade works, nor how it affects US businesses.

Not. A. Single. Clue.

He is such a giant embarrassment to the USA, and other trading countries are smirking while they take him for an easy mark.

There is a Mercy Rule in US football, so why not with the US presidency. Trump is a long way past the 35 points equivalent. At this stage, he should be confined to a golf course, kept off TV interviews, and particularly kept away from anything to do with trade negotiations. I don't know if there is an equivalent to an own-goal in gridiron, but Trump is the master of it.
 
Norman Alexander said:
Surely... SURELY by now... It must be clear to all that Trump doesn't have a ◊◊◊◊◊◊◊ clue how international trade works, nor how it affects US businesses.

Not. A. Single. Clue.

He is such a giant embarrassment to the USA, and other trading countries are smirking while they take him for an easy mark.

There is a Mercy Rule in US football, so why not with the US presidency. Trump is a long way past the 35 points equivalent. At this stage, he should be confined to a golf course, kept off TV interviews, and particularly kept away from anything to do with trade negotiations. I don't know if there is an equivalent to an own-goal in gridiron, but Trump is the master of it.
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Agreed, but outside of peewee football I’ve not seen the mercy rule employed in college or professional football.
 
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