Lots of arguments to be made. This is one of the dumbest.

Gordo14 said:

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YouBet said:

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Captain Winky said:

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I don't think I have ever seen anyone provide any source showing how we were getting ripped off. It is just a talking point that is constantly regurgitated over and over.

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Goes back to other countries who have protectionist tariffs for their own domestic products where we do not. Couldn't tell you what that impact is.

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They don't have protectionist tariffs. They have anti-dumping tariffs (quotas) that kick in if we were to flood their market with far more of certain things than we've ever done before. Many countries have quotas to protect their businesses from dumping - that is distinctly different than blanket tariffs.

I just think the idea that Canada or frankly any country is ripping us off when our economy and our businesses have completely outperformed and run over the whole globe under free trade conditions is hilarious.

Here's Canada:
https://images.app.goo.gl/YokLwuKVRwyAfEw49

https://images.app.goo.gl/3sEjVYoUKdKph4je6

https://images.app.goo.gl/rarN1aHfXV2Dyugx7

Economic illiteracy is king now.

Also the concept of reciprocal tariffs is hilarious. #1 can you imagine the beaurocracy needed to manage thousands of different tariff rates for every single country at every port of entry. I thought the goal was to shrink the government and make it more efficient. #2 why would we ever tariff Mexico for avacados or Ethopia for coffee just because they have tariffs for those products themselves. #3 Doesn't tariffing inputs that our businesses use to make things disadvantage US companies in global markets? Do we think that GM or Ford or boeing are going to be competitive now that their input costs have gone way up. What about complex business processes that go back and forth across North American borders - are we tariffing these things 3, 4, 5 times over and back. It is liberating the absolute clown show this administration is - **** according to Bloomberg they are still debating what they are going to do tomorrow right now. I've never felt more competent or qualified personally.

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You don't pay import duties if you temporarily bring in to reexport out. You get you a bond (TIB) for the period of time you need to perform your work. Happens all the time.

I was reading something similar but it was BMW's suv facility in South Carolina. Makes zero sense to ship parts here (pay tariffs), build the suv, then ship them back to Europe. So, as a result of tariffs, they're more likely to take some production out of South Carolina and back to Europe.

Gordo14 said:

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Boeing is not going to re-shore its entire supply chain anytime soon. So for the next few years it’s operating at a further disadvantage to Airbus whose key components come from the EU. This is how tariffs disadvantage US manufacturers in export oriented sectors. pic.twitter.com/f5JkhPWn7a

— hk (@hassankhan) April 5, 2025

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I've actually been to their Everett facility and had the floor tour. One of the most incredible engineering tours ever. But, yes, you learn about their HIGHLY decentralized parts sourcing while on this tour. It's essentially assembled in America while most of it is actually made outside of America.

Boeing is in a world of hurt from all angles right now. Being being this discombobulated from a sourcing perspective is arguably a weakness at this point.

JohnClark929 said:

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amercer said:

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Americans in 2025 are the richest people to ever inhabit the earth. And we are miserable and angry about it.

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100% nailed it!

I grew up poor; so poor that other poor people thought we were poor (that is an accomplishment). But through good judgment, hard work, and luck, I exited poverty and reached a really good place now. I'm happy but most of my peers who are in the same financial position as me are stuck in perpetual victimhood. Instead of stepping back and acknowledging their privilege and luck, they have taken relatively minor grievances and made them into mountains; some of their grievances aren't even based on facts, just feelings. I realize this is just human nature, but when feelings become so untethered from reality, it is alarming.

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I was talking to some sucessfull friends and family that owned medium to large manufacturing buisnesses in China. One of them brought up that, "Americans have not really suffered in the last 50 years". By that he meant people living through real famine (with people starving to death) in the 70s during the Cultural Revolution in the cities.

My parents still remember digging for wild edibles on an uninhabited mountainside in the 70s because there wasn't enough to eat. The Chinese 90s/00s generation would be the equivalent of the boomers that everyone complains about in the US for being greedy or something and having everything handed to them.

Thank you for explaining that, I honestly didn't know that's how it works. Do you think that process will remain the same? It seems like that would cover a significant amount of goods manufactured in North America.

One interesting discussion point this week is the EU potentially creating tariffs on American services, most pointedly banking and technology services. While there is significant infrastructure involved in both of those, I'd have to imagine that companies could be a lot more nimble in finding alternate cloud providers, alternate banks, alternate software/tool services. Obviously data centers don't grow overnight, but it seems like it's way faster to add capacity without it taking the years it might take to stand up a new factory. I still don't know how they get away from services offered by Microsoft and Google for both government and businesses. I can't imagine a homegrown or Chinese company offering something comparable any time soon.

Thoughts?

IowaAg07 said:

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One interesting discussion point this week is the EU potentially creating tariffs on American services, most pointedly banking and technology services. While there is significant infrastructure involved in both of those, I'd have to imagine that companies could be a lot more nimble in finding alternate cloud providers, alternate banks, alternate software/tool services. Obviously data centers don't grow overnight, but it seems like it's way faster to add capacity without it taking the years it might take to stand up a new factory. I still don't know how they get away from services offered by Microsoft and Google for both government and businesses. I can't imagine a homegrown or Chinese company offering something comparable any time soon.

Thoughts?

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Even if they did who in their right mind would allow a Chinese company to house their data on Chinese servers?! Tell me who that is so I can divest myself from them.

OldShadeOfBlue said:

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SteveBott said:

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Trump has had a fascination with tariffs for decades. And as POTUS he does not need Congressional approval and can implement them on his own. IMO it's not if he will, but how much.

His 2017 85% of the tax cuts went to the top one percent of income owners and corporations. So those cuts won't help consumers. It's a double whammy on the bottom 60% of wage earners.

Tariffs are inflationary at least in the short term. It's going to be a bumpy ride in the near future.

As a mortgage lender I don't expect to see rates go south of six anytime soon.

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He's driving the wealthy and middle class further apart yet it's the middle class that voted for him. Can't help but laugh at this point

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I can't help but laugh at the bold and how utterly wrong it is, or SteveBott is parroting the usual leftist lies about who pays taxes.

The reality:

Quote:

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In reality, approximately 70% of TCJA's benefits went to middle- and lower-income earners.[25]

Overall, TCJA's individual income-tax cuts were distributed roughly in proportion to the pre-TCJA income-tax burden. CBO data show that the average income-tax rate paid by each income group declined by approximately 1 percentage point between 2017 and 2019.[26] For example, the average income-tax rate paid by the highest-earning 1% fell from 24% to 23%, while middle-quintile earners saw their average income-tax rate dip from 3% to 2%. Reducing the taxes of each earning group by roughly 1% of their income means that families with higher incomes will save more actual dollars than low-earners. However, this proportional tax cut meant that the distribution of the income-tax burden remained roughly similar following TCJA, with the highest-earning 1% of families continuing to pay 39% of all federal income taxes, the top-earning quintile still paying nearly 90% of the total income taxes, and the middle-earning quintile paying 4% of all income taxes, according to CBO tax data (see Figure 8).[27]

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I'm also laughing that somehow tax cuts for those who actually pay taxes is somehow a "double whammy" to the bottom 60% of wage earners of whom 83% already pay nothing in tax and in many cases get free money back from the government. How can something be a double whammy to you when you already get a free ride and don't even participate in the policy being implemented?

IowaAg07 said:

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One interesting discussion point this week is the EU potentially creating tariffs on American services, most pointedly banking and technology services. While there is significant infrastructure involved in both of those, I'd have to imagine that companies could be a lot more nimble in finding alternate cloud providers, alternate banks, alternate software/tool services. Obviously data centers don't grow overnight, but it seems like it's way faster to add capacity without it taking the years it might take to stand up a new factory. I still don't know how they get away from services offered by Microsoft and Google for both government and businesses. I can't imagine a homegrown or Chinese company offering something comparable any time soon.

Thoughts?

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Services were somehow exempted from Trump's calculations on trade deficits. It's both a symbolic move and a logical target given the ubiquity of the American service industry in Europe.

themissinglink said:

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One would have to be a complete ****** to look at this chart and conclude the last 30-35 years of globalization and lowering trade barriers has been a disaster for the country and we are getting ripped off.

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Now plot the debt per capita for each of these countries, and voila!

Elon coming out against the tariff policy

pic.twitter.com/azqwPMa0om

— Elon Musk (@elonmusk) April 7, 2025

I’d like to apologize to bricks for calling Peter Retarrdo dumber than a sack of bricks. That was so unfair to bricks.

— Elon Musk (@elonmusk) April 8, 2025

ha...I knew exactly who you were talking about before even searching for the thread.

Well that guy is an idiot. Economic policy is far more important.

But, and while I think it was an unnecessary risk, and I wish we'd have gone about it either in a slower, more deliberate manner, or not at all, anyone trying to act like they truly know how this plays out is full of s***. If it causes the depression, Trump should be taken out back and beaten. If it ends up benefitting us, people owe him an apology.

So yeah, a gigantic risk with unknown consequences, no doubt.

Animal House?

This is positive
👇 https://t.co/ieTgDaBpUf

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) April 27, 2025

Captain Winky said:

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This reminds me of a back-and-forth I had with a poster on the Politics board when he said he would rather have the Depression 2.0 if it meant trans kids didn't compete in sports and wokeness died. He thought that subjecting his kids to an economic depression was all worth it if they would never be exposed to unfair competition from a ******. I don't know which is worse, him being brain-dead or brainwashed to truly believe that.

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Username checks out!

jamey said:

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This is positive
👇 https://t.co/ieTgDaBpUf

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) April 27, 2025

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Interesting. We have been seeing the opposite. Quite a few retailers in the past couple of weeks have officially suspended any product from China and said to provide a new country of origin within 2 weeks on existing skus if you want to keep the placement.

Aggie1205 said:

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jamey said:

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This is positive
👇 https://t.co/ieTgDaBpUf

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) April 27, 2025

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Interesting. We have been seeing the opposite. Quite a few retailers in the past couple of weeks have officially suspended any product from China and said to provide a new country of origin within 2 weeks on existing skus if you want to keep the placement.

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If Tom Lee had not commented, I would have assumed it's BS

"At what cost?"



(Made it myself since I couldnt find anything useful online)