Trump's Policies Part 2

[CrimsonJazz]

Let me guess, the force can have a strong influence on the weak-minded.

 

[Tidewater]

View attachment 49578

From my econ studies, I learned that a bigger economy can adapt to the pain of a trade war better than a small economy, but a trade war hurts both and should be engaged in only as a last resort and only to "encourage" the other side to grants some other thing. (The latter point is a political, not an economic one).

 

[crimsonaudio]

What permanent problems are we trying to fix regarding Canada? Though I think the tariffs are the wrong solution, I can at least understand the issues with Mexico. Why the hardline toward Canada?

Border control and out of control tariffs on US goods into Canada.



Apparently this whole 51st state things started at a dinner in Mar-A-Lago in November of last year. Peter Doocy reported: "Tonight we're getting some new details about that Trump-Trudeau dinner from two people who were at the table. We're told that when Trudeau told President-elect Trump that new tariffs would kill the Canadian economy, Trump joked to him that if Canada can't survive without ripping off the U.S. to the tune of $100 billion per year, then maybe Canada should become the 51st state, and Trudeau can become its governor."

 

[CrimsonJazz]

From my econ studies, I learned that a bigger economy can adapt to the pain of a trade war better than a small economy, but a trade war hurts both and should be engaged in only as a last resort and only to "encourage" the other side to grants some other thing. (The latter point is a political, not an economic one).

Trump is taking a huge risk here, that’s for sure.

 

[crimsonaudio]

From my econ studies, I learned that a bigger economy can adapt to the pain of a trade war better than a small economy, but a trade war hurts both and should be engaged in only as a last resort and only to "encourage" the other side to grants some other thing. (The latter point is a political, not an economic one).

 

[Tidewater]

View attachment 49579
Let me guess, the force can have a strong influence on the weak-minded.

I hope they find someone not under Hamas' influence to administer that $53 billion or Hamas will use it to buy more rockets.

 

[CrimsonJazz]

I hope they find someone not under Hamas' influence to administer that $53 billion or Hamas will use it to buy more rockets.

I’m 99% sure that’s exactly what’s gonna happen unless Hamas has been permanently crippled first.

 

[Bamabuzzard]

OK, let’s go further down this rabbit trail then.

So does Donald Trump bear any responsibility at all for the pandemic? For the lackluster response?

It didn’t happen until he was running for reelection. You would think 1 million dead people would disqualify a guy from the office, but apparently not in 21st-century America.

Incidentally, I reiterate, you did not even bother to dispute the FACT that Trump invited this level of promise onto himself. And that fact alone does make it different.

To say nothing of the fact that most presidents who come into office have not been president previously.

However, something tells me that when gas rises $.40 a gallon in New England this weekend as they are projecting because they all use the New Brunswick refinery….that won’t be Trump‘s fault either, even though it will only happen because of his tariffs.

Trump bears a lot of responsibility regarding his actions during the pandemic. Trump will bear the entire responsibility if his knee jerk reactions to cutting waste turns catastrophic. But it doesn't discount or negate the fact that you've got two parties who literally use the same lines toward each when one is in office and the other is not. That is the point I'm making. It's like two siblings who hate each other but can't get away from the fact that they're kin.

 

[Tidewater]

https://twitter.com/i/web/status/1897008413827105120

KERNEN: How much inflation pain are we gonna be willing to take if China hits us right back with tariffs?

LUTNICK: Inflation comes from govt printing more money

KERNEN: You don't think it comes from tariffs?

LUTNICK: No. Tariffs do not, do not, do not create inflation! This concept is just ppl whining and complaining

Tariffs cause prices for the tariffed commodity to go up (and all the downstream products made from that commodity like a tariff on steel and cars made with steel), but that is not the same thing as inflation. Inflation is all (or almost all) prices going up because too much money is chasing too few goods.
If the other country retaliates with their own tariffs, then the tariffed commodity prices would go up in their own country, but not in the US. In fact, a Chinese tariff on US agricultural commodities would be mildly deflationary in the US since China would consume less of the US commodity. Supply in the US would go up and demand would stay the same, so mild deflation for that commodity.

 

[2003TIDE]

Tariffs cause prices for the tariffed commodity to go up (and all the downstream products made from that commodity like a tariff on steel and cars made with steel), but that is not the same thing as inflation. Inflation is all (or almost all) prices going up because too much money is chasing too few goods.
If the other country retaliates with their own tariffs, then the tariffed commodity prices would go up in their own country, but not in the US. In fact, a Chinese tariff on US agricultural commodities would be mildly deflationary in the US since China would consume less of the US commodity. Supply in the US would go up and demand would stay the same, so mild deflation for that commodity.

In the technical sense of the definition of inflation, yes tariffs don't cause inflation. I'm not sure the average consumer really cares though. It is kind of like saying the drowning victim didn't die from water they died from lack of oxygen.

End of the day though, you are right tarriffs are a form of tax that will be paid by the importer of the goods on the side of the country implementing the tariff and that will be passed along via price increases. So US customers are going to be paying the Trump tariffs back to the US governement via increase prices (not Mexico, Canada, or China.). In theory it will drive down demand on the country the tariff targets if there is an alternative product, but in a gobal economy it doesn't always work that way.

 

[CrimsonJazz]

In the technical sense of the definition of inflation, yes tariffs don't cause inflation. I'm not sure the average consumer really cares though. It is kind of like saying the drowning victim didn't die from water they died from lack of oxygen.

End of the day though, you are right tarriffs are a form of tax that will be paid by the importer of the goods on the side of the country implementing the tariff and that will be passed along via price increases. So US customers are going to be paying the Trump tariffs back to the US governement via increase prices (not Mexico, Canada, or China.). In theory it will drive down demand on the country the tariff targets if there is an alternative product, but in a gobal economy it doesn't always work that way.

Here's Canada's problem, once they lose customers over tariffs and those customers find new brands, they will likely NEVER win them back.

American entrepreneurs will step in and sell replacements and alternatives.

 

[crimsonaudio]

Here's Canada's problem, once they lose customers over tariffs and those customers find new brands, they will likely NEVER win them back.

American entrepreneurs will step in and sell replacements and alternatives.

That's really the whole point.

 

[CrimsonJazz]

That's really the whole point.

My wife likes Canadian whiskey. Methinks she’s about to change brands. 😝

 

[dtgreg]

If you had told me that a shooting war with Canada was even a remote possibility even a few months ago, I would have called Taylor Hardin on you.

 

[CrimsonJazz]

If you had told me that a shooting war with Canada was even a remote possibility even a few months ago, I would have called Taylor Hardin on you.

I honestly don’t see a remote possibility of that. We don’t want that and Canada sure as hell doesn’t want it.

 

[dtgreg]

I honestly don’t see a remote possibility of that. We don’t want that and Canada sure as hell doesn’t want it.

I agree with you that sane people who love America don't want it. Some may. Those in power currently have zero checks on that power. If they start asking the military to do illegal things the only recourse may be for a military coup, meaning the American Experiment has failed.

 

[2003TIDE]

Here's Canada's problem, once they lose customers over tariffs and those customers find new brands, they will likely NEVER win them back.

American entrepreneurs will step in and sell replacements and alternatives.

America’s problem is we are going to see price increases due to this and prices are never coming back down regardless if some entrepreneur replaces it. Also some of this stuff will take YEARS to come online even if it did make sense to produce it here. With things like fresh winter produce there is no way we could ever produce enough.

 

[jthomas666]

https://twitter.com/i/web/status/1897008413827105120

KERNEN: How much inflation pain are we gonna be willing to take if China hits us right back with tariffs?

LUTNICK: Inflation comes from govt printing more money

KERNEN: You don't think it comes from tariffs?

LUTNICK: No. Tariffs do not, do not, do not create inflation! This concept is just ppl whining and complaining

 

[jthomas666]

Border control and out of control tariffs on US goods into Canada.

View attachment 49580

Apparently this whole 51st state things started at a dinner in Mar-A-Lago in November of last year. Peter Doocy reported: "Tonight we're getting some new details about that Trump-Trudeau dinner from two people who were at the table. We're told that when Trudeau told President-elect Trump that new tariffs would kill the Canadian economy, Trump joked to him that if Canada can't survive without ripping off the U.S. to the tune of $100 billion per year, then maybe Canada should become the 51st state, and Trudeau can become its governor."

Screw all that, we should be focusing on those terrorist geese they send us every year.

And no, I did NOT use a blue font.

 

[2003TIDE]

That's really the whole point.

If it made sense to be made here, it would have already been made here. End of the day this will just mean more expensive products for the US consumer.