Will tariffs make America great?

[Hercules56]

what does it matter?

If we went through all this for nothing???

 

[Andy_Ross]

https://twitter.com/x/status/1921932301522338176

 

[dirtywick]

If we went through all this for nothing???

i mean, kind of yeah. eliminating the trade deficit with china isn’t likely to make anything better

 

[The Great Zaganza]

Trade Deficit won't change much.
In fact, if the US is serious about onshoring, it will have to spend hundreds of billions buying machines

 

[Olmstead]

If we went through all this for nothing???

Deficit is just a number. Are there any practical results you expect out of this?

 

[William Parcher]

Dow +1,160 at closing.

 

[Hlafordlaes]

Dow +1,160 at closing.

Just wait until all of Trump's ruinous policies have failed and we get back to Biden's economy!

 

[Reformed Offlian]

Dow +1,160 at closing.

I believe we're in "earnings season" right now, so news about last period's earnings are the flavor of the hour when it comes to investor mood. Give it another quarter or two.

 

[I Am The Scum]

If we went through all this for nothing???

We could have spent all this time and effort doing something more useful, like unicorn-proofing our houses, or setting Leprechaun traps.

 

[kookbreaker]

So its been fun seeing the pretzel twists Trump supporters are making to try and claim this as a win. Many are just cut and pasting stuff they generate in ChatGPT, and it shows. Others suddenly are experts on tariff rates and reference articles about China tariffs on US goods....from 30 years ago. Others are trying to claim that China's increase in exports was proof they were in trouble (!). Its beyond twisted. I have to wonder if any Independent voters will be taken in by this nonsense or if they are just doing it to convince themselves.

 

[dirtywick]

I believe we're in "earnings season" right now, so news about last period's earnings are the flavor of the hour when it comes to investor mood. Give it another quarter or two.

they’re taking it as a big “whew it’s finally over” which it’s anything but

investors will blow up the market to make a quick buck if you let them.

 

[William Parcher]

Dow -269 at closing.

 

[Norman Alexander]

Trade Deficit won't change much.
In fact, if the US is serious about onshoring, it will have to spend hundreds of billions buying machines

...from China?

 

[The Great Zaganza]

Of course

 

[Norman Alexander]

Of course

And China will sell the USA their best, most modern machines? Thereby undercutting their own industries?

 

[Steve]

And China will sell the USA their best, most modern machines? Thereby undercutting their own industries?

Of course . And they will sell them at bargain prices too.

 

[The Great Zaganza]

Still cheaper than German machines.
And China will give them their current generation and use the money to upgrade theirs.
Just like the US did with UK/France/Germany after WW2

 

[Norman Alexander]

Still cheaper than German machines.
And China will give them their current generation and use the money to upgrade theirs.
Just like the US did with UK/France/Germany after WW2

Given Trump, the machines will be Saudi leftovers, from the 1950's.

 

[P.J. Denyer]

And China will sell the USA their best, most modern machines? Thereby undercutting their own industries?

Thing is, as usual the Magats have it backwards manufacturing in China isn't cheaper because they have the machines, they have the machines because it's cheaper to manufacture in China.

 

[The Don]

Thing is, as usual the Magats have it backwards manufacturing in China isn't cheaper because they have the machines, they have the machines because it's cheaper to manufacture in China.

It may be both, but either way the manufacturing jobs aren't coming back to the US. If more manufacturing is done in the US it's because it requires little or no labour. The days of thousands of people working in a plant in developed economies making widgets are long gone.