Trump Tariffs = Tax Hike on all

[∞∞∞]

I read the protection for this $36b/yr industry is risking instability and rising prices in 1T/yr in other industries that rely on steel and aluminum.

And that yesterday, stocks in the US alone lost $300B of capital on the news. That's not counting how world markets are reacting or how the US market will further react if a trade war begins.

I don't disagree that the US should always be ready for wartime, but there's better ways to invest into readiness (not that it was Trump's point).

[CAA Flagship]

Don't be

Jon spells it out for you all the time, and it follows just one rule:

If the GOP Prez is for it, be against it


Sent from my iPhone using Tapatalk

Pot meet kettle. god lord your not even trying anymore.

Lawl

*good
*you're
*any
*more

I'll spare you for the lower case "lord".

[93henfan]

Gotta stick up for the faggot here:

Especially in American English, any more, as an adverb, can be written as one word, anymore:

He doesn’t cycle anymore.

https://dictionary.cambridge.org/us/gra ... or-anymore

[CAA Flagship]

The sky is falling!!!!!!

1. Yeah, Trump is easily hated. But it's important to separate the personality from the policies.
2. Nothing is set in stone on this, but even if it is put in motion as is, it can be reversed easily and quickly.
3. So what is this all about? I believe this is an attempt to get countries to step up to the table and negotiate trade deals. That is the end game. Are there other ways to do it? Maybe. But other attempts have not worked so far. Will this be enough? Probably not, but it's an attention getter. Everyone knows that many countries are not playing by the rules set in previous negotiations. At some point, actions need to be taken.
4. The stock market's reaction is not necessarily about this tariff. It's about what else is coming. But it's a good excuse to technically retest the lows from a month ago in order to continue the march upward.
5. Supporting the steel and aluminum industry through the tax code is not the complete answer. It won't get countries to play by the rules.

[CAA Flagship]

Gotta stick up for the faggot here:

Especially in American English, any more, as an adverb, can be written as one word, anymore:

He doesn’t cycle anymore.

https://dictionary.cambridge.org/us/gra ... or-anymore

Nevermore

[GannonFan]

Sadly, that seems to be accurate.

Btw, where's kalmie? He's probably out in the streets partying now that we're going back to tariffs and trade protection. 1950's here we come!!!

Countries should have a right to leverage their natural resources and protect domestic industries for the betterment of their people. That’s called freedom, baby! (And what libertarians describe as rational self interest). Glad to see you’re still a Jack Abrahamoff, corporatist fanboi.

Okay Mr. Smoot. I'll check you in on the "support Trump" column on this one. I'm sure it will all end up just fine.

This can't be a long term game we play - long term and lasting trade barriers have always proven to be a detriment to long term economic growth. Scare the rest of the world and get a better bargaining position is one thing - heading down the path of Fortress America when it comes to trade is something else.

[AZGrizFan]

Countries should have a right to leverage their natural resources and protect domestic industries for the betterment of their people. That’s called freedom, baby! (And what libertarians describe as rational self interest). Glad to see you’re still a Jack Abrahamoff, corporatist fanboi.

Okay Mr. Smoot. I'll check you in on the "support Trump" column on this one. I'm sure it will all end up just fine.

This can't be a long term game we play - long term and lasting trade barriers have always proven to be a detriment to long term economic growth. Scare the rest of the world and get a better bargaining position is one thing - heading down the path of Fortress America when it comes to trade is something else.

Question: Given that we're now one of the largest oil producers in the world and could easily live on the oil we pump, is there ANYTHING on the planet that we don't have enough of inside our own borders?

Plutonium, maybe?

[Skjellyfetti]

could easily live on the oil we pump

not without drastic changes

[Ibanez]

The Stock Market knows this, which is why they plunged today.

25% Tariff on imported steel (that Trump was a big user of), 10% on aluminum will fuel inflation, and is a tax hike on every one.


Well done!!

Canned beer just got more expensive...thanks Drumpf

[dbackjon]

Did any of the Obama haters ever recognize when he did something good..? Hardly
Will any Trump hater recognize when he does good... Even if it's not how you'd do it
if good gets done - it gets done

That is the question I have to ask myself weekly now days
Can I see the good of this... will I recognize it when it happens ..?

I rarely pay much attention to trade and econ policy but there are a few things (like strategic industries) that I do perk up at

But for the most part I pay attention to foreign policy - and I found Obama and his two Secretaries of State to be severely lacking in just about every way they could be - naive, feckless, arrogant and policy was 100% politically driven

I'm sure there was some other venue where that administration did some beneficial things for the country, but our fp was a continual amateur hour of the lefty kind

now we have something similar of the righty-hawky kind


Sent from my iPhone using Tapatalk

Yet they are light-years less naive, feckless and arrogant than Trump.


Clinton/Obama screwed up in Libya. When will our country ever learn that trying to force democracy on countries not ready is a recipe for disaster (Bush-Iraq, Obama-Libya)

[dbackjon]

I read the protection for this $36b/yr industry is risking instability and rising prices in 1T/yr in other industries that rely on steel and aluminum.

And that yesterday, stocks in the US alone lost $300B of capital on the news. That's not counting how world markets are reacting or how the US market will further react if a trade war begins.

I don't disagree that the US should always be ready for wartime, but there's better ways to invest into readiness (not that it was Trump's point).

Unless you are Carl Icahn, a Trump friend who just happened to dump stock in a steel dependent company right before Trump's announcement...

https://thinkprogress.org/trump-ichan-s ... deb8beaf0/

SEC filing here:

https://www.sec.gov/Archives/edgar/data ... 022218.htm

Billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports.

In a little-noticed SEC filing submitted on February 22, 2018, Icahn disclosed that he systematically sold off nearly 1 million shares of Manitowoc Company Inc. Manitowoc is a “is a leading global manufacturer of cranes and lifting solutions” and, therefore, heavily dependent on steel to make its products.

[dbackjon]

Gotta stick up for the faggot here:

Especially in American English, any more, as an adverb, can be written as one word, anymore:

He doesn’t cycle anymore.

https://dictionary.cambridge.org/us/gra ... or-anymore

I appreciate you having my back and standing firmly behind me!

[dbackjon]

Okay Mr. Smoot. I'll check you in on the "support Trump" column on this one. I'm sure it will all end up just fine.

This can't be a long term game we play - long term and lasting trade barriers have always proven to be a detriment to long term economic growth. Scare the rest of the world and get a better bargaining position is one thing - heading down the path of Fortress America when it comes to trade is something else.

Question: Given that we're now one of the largest oil producers in the world and could easily live on the oil we pump, is there ANYTHING on the planet that we don't have enough of inside our own borders?

Plutonium, maybe?

Bauxite (main source of aluminum)
Most Rare-earth minerals

[AZGrizFan]

could easily live on the oil we pump

not without drastic changes

That's what's called "speakin' out yer ass"....I could have sworn I read something just the other day that we were a net "producer" of oil....

But in looking at the numbers, that's just not the case. Still consuming almost twice what we produce.

[dbackjon]

Trump on trade wars: They're "good, and easy to win"

https://www.axios.com/trump-trade-wars- ... 21a37.html

[Ibanez]

Trump on trade wars: They're "good, and easy to win"

https://www.axios.com/trump-trade-wars- ... 21a37.html

The 1920s called, they want their protectionist trade polices back.

[GannonFan]

Question: Given that we're now one of the largest oil producers in the world and could easily live on the oil we pump, is there ANYTHING on the planet that we don't have enough of inside our own borders?

Plutonium, maybe?

Bauxite (main source of aluminum)
Most Rare-earth minerals

No worries, the Aussies are one of the biggest suppliers of bauxite and they still like us. Still good feelings over the "Crocodile Dundee" films.

[kalm]

Countries should have a right to leverage their natural resources and protect domestic industries for the betterment of their people. That’s called freedom, baby! (And what libertarians describe as rational self interest). Glad to see you’re still a Jack Abrahamoff, corporatist fanboi.

Okay Mr. Smoot. I'll check you in on the "support Trump" column on this one. I'm sure it will all end up just fine.

This can't be a long term game we play - long term and lasting trade barriers have always proven to be a detriment to long term economic growth. Scare the rest of the world and get a better bargaining position is one thing - heading down the path of Fortress America when it comes to trade is something else.

Ok....

So I can check you into the countries should not leverage their trade positions and protect domestic industies camp for the betterment of their people/freedom camp? And here I thought you were a fan of Hamilton...

Very interesting read on all of this to help you out some...

https://mobile.nytimes.com/2018/02/07/m ... oogle.com/

[CAA Flagship]

Gotta stick up for the faggot here:


https://dictionary.cambridge.org/us/gra ... or-anymore

I appreciate you having my back and standing firmly behind me!

[GannonFan]

Okay Mr. Smoot. I'll check you in on the "support Trump" column on this one. I'm sure it will all end up just fine.

This can't be a long term game we play - long term and lasting trade barriers have always proven to be a detriment to long term economic growth. Scare the rest of the world and get a better bargaining position is one thing - heading down the path of Fortress America when it comes to trade is something else.

Ok....

So I can check you into the countries should not leverage their trade positions and protect domestic industies camp for the betterment of their people/freedom camp? And here I thought you were a fan of Hamilton...

Very interesting read on all of this to help you out some...

https://mobile.nytimes.com/2018/02/07/m ... oogle.com/

Oh, so you want to turn back the clock and return to mercantilism as the economic theory de jure? Keep telling yourself that we can tariff our way to prosperity.

[93henfan]

I appreciate you having my back and standing firmly behind me!

This is going down

hill fast.

[kalm]

Ok....

So I can check you into the countries should not leverage their trade positions and protect domestic industies camp for the betterment of their people/freedom camp? And here I thought you were a fan of Hamilton...

Very interesting read on all of this to help you out some...

https://mobile.nytimes.com/2018/02/07/m ... oogle.com/

Oh, so you want to turn back the clock and return to mercantilism as the economic theory de jure? Keep telling yourself that we can tariff our way to prosperity.

Of course not. And I’m not sure if these tariffs are the right way to roll. I’m open minded about it...I’m a liberal.

But you really should read the article. It’s less black and white than you think Mr. Friedman.

[kalm]

Okay Mr. Smoot. I'll check you in on the "support Trump" column on this one. I'm sure it will all end up just fine.

This can't be a long term game we play - long term and lasting trade barriers have always proven to be a detriment to long term economic growth. Scare the rest of the world and get a better bargaining position is one thing - heading down the path of Fortress America when it comes to trade is something else.

Question: Given that we're now one of the largest oil producers in the world and could easily live on the oil we pump, is there ANYTHING on the planet that we don't have enough of inside our own borders?

Plutonium, maybe?

And what we don’t have, we can....wait for it....trade for?

[kalm]

Question: Given that we're now one of the largest oil producers in the world and could easily live on the oil we pump, is there ANYTHING on the planet that we don't have enough of inside our own borders?

Plutonium, maybe?

And what we don’t have, we can....wait for it....trade for?

(Free trade is a sweet marketing myth to benefit corporatism/fascism )

[GannonFan]

Oh, so you want to turn back the clock and return to mercantilism as the economic theory de jure? Keep telling yourself that we can tariff our way to prosperity.

Of course not. And I’m not sure if these tariffs are the right way to roll. I’m open minded about it...I’m a liberal.

But you really should read the article. It’s less black and white than you think Mr. Friedman.

I did read it. Nothing replaces competing - nothing.

We aren't about to become the world's leading producer of crude oil for the first time since the late 60's (I'm assuming we were then - could be wrong) because we threw up barriers to compete and tariffs and other anti-free trade measures. We did it by what America has historically done best - we busted our butts, developed new technology (again, thank you fracking), and we did it so well that even in the US, with all of our levels of environmental and labor protections and regulations, we could still out produce and out profit Russia and the OPEC nations. And those entities did everything they could, including glutting the market and trying to drive American producers out of business, to not have this happen. Sure, plenty of American producers went belly-up, but those who survived did so because they were innovative and came up with even better techniques and better technology to be even more of a lower cost manufacturer and they outlasted the cartels and are dominant today.

We will never see the types of gains we want to see in standards of living and economic growth and market innovations trying to compete with China on their terms by trying to corral all that we have and try to hunker down. We have our strengths as a country and isolationism and trade barriers aren't included in that. Pick things we can do well, things that are hard for other countries to do, and compete there in free markets. We've had a lot of examples of doing that in the past, it would be a shame to throw it all away because we decided to take our ball and go home.