Tariffs announced on Canada, China, & Mexico goods

[whiskeytangofoxtrot]

With more to come April 2nd.

april 1st would be more appropriate for this fool of an administration, but, then again, it's just a concept. geezusfuckingchrist someone find a coloring book and explain it to trump and company

 

[whiskeytangofoxtrot]

Tuberville says Americans will have to suffer with tariffs: ‘No pain, no gain’

The American people are going to have to cope with hardship as President Donald Trump slaps tariffs on imports, Alabama’s senior senator said Wednesday.

Tommy Tuberville, the former Auburn University football coach-turned-Republican U.S. senator from Alabama, likened the suffering to the “pain” experienced by his players while they developed under his tutelage.

meanwhile, tommy and friends get to hang out on the redneck riviera. does he even live in alabama?

 

[stxjimmy]

Unintended consequences: drug prices.

Cheap generic drugs come from India. Tariffs would increase the price of those drugs. Prescription drug prices are already one of the drivers of US inflation.



Seems like there’s a lot of room for making a trade deal with India rather than waging trade war on them.

200% on European whisky and champagne being reported this morning.

 

[ChinoMoreno]

My billionaire dudes voted for this?

 

[DeluxAuto]

https://www.facebook.com/reel/567115799681694/?mibextid=rS40aB7S9Ucbxw6v

 

[Carnal_Flower]

https://www.facebook.com/reel/567115799681694/?mibextid=rS40aB7S9Ucbxw6v

View attachment 2512094

"Insanity is not a strategy."

 

[DeluxAuto]

"Insanity is not a strategy."

But it's policy.

 

[butters]

The first 20 comments in a fox business thread are critical of Putin's Poodle's on-again-off-again tariffs.

Common hivemind says 'Trump is playing games with the financial markets, prolly to his advantage'

We live in Interesting Times, folks.

He may well have cronies whispering in his 'bullet-pierced' ear about certain stocks they'd like to see slip so they can then swoop in and take advantage... trump said as much with his 'there will be some great deals to be made, people buying up stocks.'
How effective his strategy of chaotic petulance will work to enrich these same buddies is another matter.

 

[DeluxAuto]

Ronnie says Donnie is traitorous idiot.

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[whiskeytangofoxtrot]

Ronnie says Donnie is traitorous idiot.

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View this content on Instagram

So well said. Too bad Republicans aren't like Reagan. What we go today is just downright embarrassing.

 

[M2427]

Ronald Reagan's legacy is undeniable. Wining the Cold War is no small feat. Building walls is for the scared, tearing them down is for the valiant.

His departing approval rating of 63% remains the highest ever for any Republican US President.


Reagan's international trade policy was sound as distinctly shown by following clip from a time when America was actually great and either respected or envied by the world (in full contrast to nowadays):

US's current Administration may have ripped-off Reagan's 1980 elections campaign slogan, perhaps for lack of creativity/imagination? perhaps for lack of ethics? but it's certainly otherwise nothing like Reagan's Administration!

 

[Politruk]

april 1st would be more appropriate for this fool of an administration, but, then again, it's just a concept. geezusfuckingchrist someone find a coloring book and explain it to trump and company

Sorry, but I don't think any book listed here would help.

 

[PersonalFavors]

He may well have cronies whispering in his 'bullet-pierced' ear about certain stocks they'd like to see slip so they can then swoop in and take advantage... trump said as much with his 'there will be some great deals to be made, people buying up stocks.'
How effective his strategy of chaotic petulance will work to enrich these same buddies is another matter.

Which stocks? I see the Dow nasdaq… take a dip but no real buys out there. Nothing really taking a hit. Sensationally the media watching Tesla shares. But nothing I need to buy thinking I will make a quick buck on recovery.
You are just trying to say recession a different way because you can’t afford to be in the market.

 

[RobDownSouth]

Which stocks? I see the Dow nasdaq… take a dip but no real buys out there. Nothing really taking a hit. Sensationally the media watching Tesla shares. But nothing I need to buy thinking I will make a quick buck on recovery.
You are just trying to say recession a different way because you can’t afford to be in the market.

The Dow is down 10% in one month and 15% since December. And you call that a 'dip'?

And you can't find a 'real buy' with the market down so much? Not much of a savvy investor are you?
Also not much of a human being either, judging from your posting history, but I digress.

 

[PersonalFavors]

The Dow is down 10% in one month and 15% since December. And you call that a 'dip'?

And you can't find a 'real buy' with the market down so much? Not much of a savvy investor are you?
Also not much of a human being either, judging from your posting history, but I digress.

Which stocks are so low they are a good buy? None have come down to where I already bought in.
I do have some money on the Nasdaq Russel and S&P. Like the dow they are down too. But which stock is so low.
oBiden's market screwed up a buy cycle I used to enjoy. Nice dip in oil just before all the fuel oil became necessary for a cold winter up north. Long wait for the drilling to make a difference. I hope the oil price relief is not the first sign of recovery. Getting consumer prices back will never happen. Already inflation is coming down as promised. In my lifetime only Jimmy Carter's inflation was almost as bad. One thing I do remember from that is prices did not come down. Inflation did. oBiden's damage along with the grift and unchecked deficit will take time to recover.
Complaining about it or attempting to have people believe it is a recession is really sad. What advantage does it give you? I would imagine you are riding this out like the rest of us. But expecting Trump to print money and pour it on the economy like dems do is not going to happen. I made money with it in the stock market just like you. However, this correction has to happen.
I may be more disappointed the money thrown away was not on something useful. Instead it went into the pockets of cronies.

 

[Fuzzy1975]

. However, this correction has to happen.

Why, give me a reason for the correction, (that doesn't contain any political ideals)

Right now the newest numbers out show a 2.5% rise in inflation in the US this year, and a 2.6% in 2026 (for you mathematically challenged that is just over 5% in 18 months). That coupled with a reduction in GDP to below 3%.

Explain why the market claw back is because of anything other than Trump's policies.

 

[great lover]

Is that what this is about? They won't do it -- labor is too expensive here. That is why almost the whole American manufacturing sector has been offshored to countries where labor is cheaper.

Here we want to advocate capitalism, but we also want job protection and social security and price controls.

 

[DeluxAuto]

BREAKING: Federal Reserve Chair Jerome Powell enrages MAGA world with cold hard facts — warns that Donald Trump's disastrous tariffs will make it hard to reduce inflation.

Trump promised lower grocery prices and instead gave us economic collapse...

"I do think with the arrival of the tariff inflation, further progress may be delayed," Powell stated.

He explained that the new economic forecast released by the Fed "doesn’t really show further downward progress on inflation this year, and that’s really due to the tariffs coming in."

He added that economic uncertainty right now is
"unusually elevated" which makes it difficult for the Fed to wrestle down prices.

"It is going to be very difficult to have a precise assessment of how much of inflation is coming from tariffs and from other [sources]," stated Powell. "Goods inflation moved up significantly in the first few months of the year, and trying to track that back to actual tariff increases … is very, very challenging."

MAGA voters convinced themselves that electing Trump would lead to lower prices and an American Golden Age. Instead, he's given us pointless trade wars, skyrocketing places, and financial chaos.

 

[butters]

what trump actually thinks of America:

Trump added: "We've been the fat, dumb, foolish country that allowed everybody to rip us off. Including our friends, look at NATO!" he said.

Novel writer Greg Cantwell wrote on X in response to a clip of Trump's quote: "Projection is a defense mechanism where an individual unconsciously attributes their own thoughts, feelings, and behaviors to others. This means that they project their own traits, insecurities, or desires onto someone else, rather than acknowledging them in themselves."

"Always projection with Biff," wrote Jeff Timmer, senior advisor of the anti-Trump group The Lincoln Project, on X.

 

[MajorRewrite]

China’s imports of US products fell off a cliff

China’s imports of US cotton, cars and some energy products all plunged in the first two months of the year after President Donald Trump started imposing tariffs and Beijing retaliated.

In a prelude to what could be widespread disruption to global trade, Chinese purchases of cotton fell almost 80% from a year earlier, according to Bloomberg analysis of data released Thursday. Imports of large-engined cars were down nearly 70%, while purchases of crude oil and liquefied natural gas dropped more than 40%.

All these goods were subject to Chinese retaliatory tariffs either in February or March.

All the usual things apply:

1. Nobody wins a trade war
2. FAFO
3. Unintended consequences are a bitch

 

[ChloeTzang]

Speaking of unintended consequences....

'Disappointing and devastating': Steel manufacturer fires workers and blames Trump tariffs​

The Minneapolis Star-Tribune reported Thursday that 630 steelworkers in Minnesota are about to lose their jobs. Steel manufacturer Cleveland-Cliffs, which is based in Ohio, announced that the layoffs will be at the company's operations in the Minnesota towns of Hibbing and Virginia. Those facilities specialize in steel pellets used in auto manufacturing, and Cleveland-Cliffs said they will be subjected to "temporary idles" in order to "rebalance working capital needs and consume excess pellet inventory produced in 2024."

Earlier this month, Trump announced he would be imposing new 25% tariffs on imported steel and aluminum. The Star-Tribune reported that while steelmakers like Cleveland-Cliffs expect a boost to their business as a result of the higher prices on their foreign competitors, the auto industry is still largely unprepared to shift production to the United States with new tariffs on imports from Canada, China and Mexico fast approaching in April.

You can't just slap tariffs down on things like the auto industry and not expect consequences. The whole interweaving of the US, Canada and Mexican auto and aircraft industries was reworked that way for what were and are good reasons and changing all of that on an ad-hoc basis is going to have major economic impacts across the board. Things like this need to be thought out. Not Trump's strong point, it seems. This whole thing is probab;y going to push Boeing's costs up bigtime to, and kill their aircraft sales. Airbus will start to look way more attractive for aircraft buyers.

https://www.msn.com/en-ca/news/poli...S&cvid=f97edb3a6d5b450fb6560f7ad549ab6b&ei=11

 

[ChloeTzang]

European stock markets have seen US investments flocking to this side of the Atlantic in the last three months, partially due to the "uncertainty and volatility around decisions taken in the US," CEO of Euronext Stéphane Boujnah said to Euronews' Angela Barnes. "The perception of Europe is that it's a safe harbour because predictability is there, even if GDP growth is so far perceived as being lower than in the US."

Trump's introduced too much volatility and uncertainty to the US stock markets. Big investors like predictability and stability it seems. Go figure.

https://www.msn.com/en-ca/money/top...S&cvid=bb6c4656be7d4b4fd6b1c003b5e437e2&ei=29

 

[butters]

"Disappointing and devastating"... Ohio-based steel manufacturer that thought to see their profits boom because of higher prices for their steel, firing or temporarily laying off 630 workers 'till steel prices get better'

The Minneapolis Star-Tribune reported Thursday that 630 steelworkers in Minnesota are about to lose their jobs. Steel manufacturer Cleveland-Cliffs, which is based in Ohio, announced that the layoffs will be at the company's operations in the Minnesota towns of Hibbing and Virginia. Those facilities specialize in steel pellets used in auto manufacturing, and Cleveland-Cliffs said they will be subjected to "temporary idles" in order to "rebalance working capital needs and consume excess pellet inventory produced in 2024."

Earlier this month, Trump announced he would be imposing new 25% tariffs on imported steel and aluminum. The Star-Tribune reported that while steelmakers like Cleveland-Cliffs expect a boost to their business as a result of the higher prices on their foreign competitors, the auto industry is still largely unprepared to shift production to the United States with new tariffs on imports from Canada, China and Mexico fast approaching in April.

Larry Cuffe Jr., who is the mayor of Virginia, Minnesota, told the Star-Tribune that the news of the layoffs was "disappointing and devastating." He added that he was unable to get a direct answer on when Cleveland-Cliiffs would resume operations at the idled facilities beyond "when the steel prices get better."

"https://www.msn.com/en-us/money/mar...p&cvid=ec2b9bd2ea88444bbf258059ae38051a&ei=20

 

[MajorRewrite]

Dementia Donnie has blurted a steady stream of tariff targets over the last few days. Copper! Autos! Reciprocal! Secondary tariff on anyone trading with Venezuela! LiBEraTiOn dAy!!!

It’s unclear if he remembers anything he’s said from minute to minute.

Squirrel!

 

[Fuzzy1975]

Dementia Donnie has blurted a steady stream of tariff targets over the last few days. Copper! Autos! Reciprocal! Secondary tariff on anyone trading with Venezuela! LiBEraTiOn dAy!!!

It’s unclear if he remembers anything he’s said from minute to minute.

Squirrel!

Liberation or libation that is the question....