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Trump cannot understand currency or tariffs
Comments
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Look, my argument anyway is that Trump is making baldfaced lies by claiming "China pays" or "we get a gift" for this regardless of what happens in our economy otherwise. American pay. And the inflation rate could be due also to other factors.
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Go back and read. It's because he is claiming China is paying his tariffs -- you are.HoustonHusky said:
You mean you can't just type an simple example of 'if I'm going to spend a $100 and China devalues its currency 3% but Trump institutes a tariff of $9.7 to $23' to prove Orange Man Bad?ApostleofGrief said:Economics is a chaotic system. There are too many variables, including sentiment/psychology, to ever come up with completely clear cause and effect. One thing is certain, though, if the change is massive, such as the introduction of ruinous tariffs, there WILL BE huge effects. What Trump has done is reduce business sentiment in investing on top of inflicting a massive tax on Americans. A mild change in inflation is not going to compensate.
Why again did this thread start?
More things may happen, sure... -
If I was paying than the cost of what I was buying would go up by that amount. That's pretty simple math. The inflation rates show I haven't.ApostleofGrief said:
Go back and read. It's because he is claiming China is paying his tariffs -- you are.HoustonHusky said:
You mean you can't just type an simple example of 'if I'm going to spend a $100 and China devalues its currency 3% but Trump institutes a tariff of $9.7 to $23' to prove Orange Man Bad?ApostleofGrief said:Economics is a chaotic system. There are too many variables, including sentiment/psychology, to ever come up with completely clear cause and effect. One thing is certain, though, if the change is massive, such as the introduction of ruinous tariffs, there WILL BE huge effects. What Trump has done is reduce business sentiment in investing on top of inflicting a massive tax on Americans. A mild change in inflation is not going to compensate.
Why again did this thread start?
More things may happen, sure...
That means other things (China devaluation of currency, china factories lowering price, etc) are paying it. You know...maybe a simplistic way to phrase that would be 'claiming China is paying his tariffs'.
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Well, supposedly, China is devaluing their currency, which costs them their reserve dollars, to keep Chinese export prices competitive.ApostleofGrief said:Look, my argument anyway is that Trump is making baldfaced lies by claiming "China pays" or "we get a gift" for this regardless of what happens in our economy otherwise. American pay. And the inflation rate could be due also to other factors.
If this is happening: Spinning? sure. Baldfaced lie? Not really.
I'm glad that you are on team free trade now though. I look forward to you supporting further deregulation of other market sectors. -
uh no....wanna try again? The three-month core inflation rate jumped 2.8%, the most in eight yearsHoustonHusky said:
highest core inflation rate in 8 months.GDS said:
Huh? You don't think the CPI jumping by .3% in two consecutive months for the first time in 18 years and the highest core inflation rate in 8 is significant???ApostleofGrief said:
It doesn't look like it is materially different than the annualized goal of 2% inflation despite spikes and troughs . So what is your point?GDS said:
https://www.reuters.com/article/us-usa-economy-inflation/u-s-inflation-accelerates-fed-rate-cut-still-expected-idUSKCN1V3158HoustonHusky said:
They are called inflation numbers. No need to as HondoFS has already (unintentionally) pointed out the inflation numbers have actually fallen off since Trump started implementing tariffs.ApostleofGrief said:
then get the numbersHoustonHusky said:I like how AOG left of factory price drops China have had as well...AOG doing HondoFS economics now.
Its why we have inflation indexes...
U.S. consumer prices increased broadly in July
Excluding the volatile food and energy components, the CPI gained 0.3% after rising by the same margin in June. It was the first time since early 2001 that the so-called core CPI increased 0.3% for two consecutive months.
The three-month core inflation rate jumped 2.8%, the most in eight years, supporting the view that weak inflation readings earlier in the year were caused by transitory factors.
Goldman Sachs estimates that tariffs have boosted year-on-year core PCE inflation by 10-15 basis points so far and that the new duties will add another 20 basis points.
“There were some hints in the report that the May round of tariffs may have had some flow-through to today’s number,” said Michael Feroli, an economist at JPMorgan in New York. “Core goods prices were up a firm 0.25%, with large increases in import-dependent categories like information technology commodities and household furnishings and supplies.”
Love how you left off that nice little unit of time measurement. As AOG said...ApostleofGrief said:
It doesn't look like it is materially different than the annualized goal of 2% inflation despite spikes and troughs . So what is your point?GDS said:
https://www.reuters.com/article/us-usa-economy-inflation/u-s-inflation-accelerates-fed-rate-cut-still-expected-idUSKCN1V3158HoustonHusky said:
They are called inflation numbers. No need to as HondoFS has already (unintentionally) pointed out the inflation numbers have actually fallen off since Trump started implementing tariffs.ApostleofGrief said:
then get the numbersHoustonHusky said:I like how AOG left of factory price drops China have had as well...AOG doing HondoFS economics now.
Its why we have inflation indexes...
U.S. consumer prices increased broadly in July
Excluding the volatile food and energy components, the CPI gained 0.3% after rising by the same margin in June. It was the first time since early 2001 that the so-called core CPI increased 0.3% for two consecutive months.
The three-month core inflation rate jumped 2.8%, the most in eight years, supporting the view that weak inflation readings earlier in the year were caused by transitory factors.
Goldman Sachs estimates that tariffs have boosted year-on-year core PCE inflation by 10-15 basis points so far and that the new duties will add another 20 basis points.
“There were some hints in the report that the May round of tariffs may have had some flow-through to today’s number,” said Michael Feroli, an economist at JPMorgan in New York. “Core goods prices were up a firm 0.25%, with large increases in import-dependent categories like information technology commodities and household furnishings and supplies.”
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From what I've seen the Chicoms were propping the Yuan up over the last year as they lowered tariffs with everyone but us. Now that they have lowered tariffs with Japan, Canada, Brazil and Europe they are allowing their currency to more freely float and it's naturally showing it's weakness.UW_Doog_Bot said:
Well, supposedly, China is devaluing their currency, which costs them their reserve dollars, to keep Chinese export prices competitive.ApostleofGrief said:Look, my argument anyway is that Trump is making baldfaced lies by claiming "China pays" or "we get a gift" for this regardless of what happens in our economy otherwise. American pay. And the inflation rate could be due also to other factors.
If this is happening: Spinning? sure. Baldfaced lie? Not really.
I'm glad that you are on team free trade now though. I look forward to you supporting further deregulation of other market sectors. -
Keep lying.GDS said:
uh no....wanna try again? The three-month core inflation rate jumped 2.8%, the most in eight yearsHoustonHusky said:
highest core inflation rate in 8 months.GDS said:
Huh? You don't think the CPI jumping by .3% in two consecutive months for the first time in 18 years and the highest core inflation rate in 8 is significant???ApostleofGrief said:
It doesn't look like it is materially different than the annualized goal of 2% inflation despite spikes and troughs . So what is your point?GDS said:
https://www.reuters.com/article/us-usa-economy-inflation/u-s-inflation-accelerates-fed-rate-cut-still-expected-idUSKCN1V3158HoustonHusky said:
They are called inflation numbers. No need to as HondoFS has already (unintentionally) pointed out the inflation numbers have actually fallen off since Trump started implementing tariffs.ApostleofGrief said:
then get the numbersHoustonHusky said:I like how AOG left of factory price drops China have had as well...AOG doing HondoFS economics now.
Its why we have inflation indexes...
U.S. consumer prices increased broadly in July
Excluding the volatile food and energy components, the CPI gained 0.3% after rising by the same margin in June. It was the first time since early 2001 that the so-called core CPI increased 0.3% for two consecutive months.
The three-month core inflation rate jumped 2.8%, the most in eight years, supporting the view that weak inflation readings earlier in the year were caused by transitory factors.
Goldman Sachs estimates that tariffs have boosted year-on-year core PCE inflation by 10-15 basis points so far and that the new duties will add another 20 basis points.
“There were some hints in the report that the May round of tariffs may have had some flow-through to today’s number,” said Michael Feroli, an economist at JPMorgan in New York. “Core goods prices were up a firm 0.25%, with large increases in import-dependent categories like information technology commodities and household furnishings and supplies.”
Love how you left off that nice little unit of time measurement. As AOG said...ApostleofGrief said:
It doesn't look like it is materially different than the annualized goal of 2% inflation despite spikes and troughs . So what is your point?GDS said:
https://www.reuters.com/article/us-usa-economy-inflation/u-s-inflation-accelerates-fed-rate-cut-still-expected-idUSKCN1V3158HoustonHusky said:
They are called inflation numbers. No need to as HondoFS has already (unintentionally) pointed out the inflation numbers have actually fallen off since Trump started implementing tariffs.ApostleofGrief said:
then get the numbersHoustonHusky said:I like how AOG left of factory price drops China have had as well...AOG doing HondoFS economics now.
Its why we have inflation indexes...
U.S. consumer prices increased broadly in July
Excluding the volatile food and energy components, the CPI gained 0.3% after rising by the same margin in June. It was the first time since early 2001 that the so-called core CPI increased 0.3% for two consecutive months.
The three-month core inflation rate jumped 2.8%, the most in eight years, supporting the view that weak inflation readings earlier in the year were caused by transitory factors.
Goldman Sachs estimates that tariffs have boosted year-on-year core PCE inflation by 10-15 basis points so far and that the new duties will add another 20 basis points.
“There were some hints in the report that the May round of tariffs may have had some flow-through to today’s number,” said Michael Feroli, an economist at JPMorgan in New York. “Core goods prices were up a firm 0.25%, with large increases in import-dependent categories like information technology commodities and household furnishings and supplies.”
https://tradingeconomics.com/united-states/core-inflation-rate
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Could be, hard to know for certain with anything in China, LIPO for sure as far as the currency is concerned.GDS said:
From what I've seen the Chicoms were propping the Yuan up over the last year as they lowered tariffs with everyone but us. Now that they have lowered tariffs with Japan, Canada, Brazil and Europe they are allowing their currency to more freely float and it's naturally showing it's weakness.UW_Doog_Bot said:
Well, supposedly, China is devaluing their currency, which costs them their reserve dollars, to keep Chinese export prices competitive.ApostleofGrief said:Look, my argument anyway is that Trump is making baldfaced lies by claiming "China pays" or "we get a gift" for this regardless of what happens in our economy otherwise. American pay. And the inflation rate could be due also to other factors.
If this is happening: Spinning? sure. Baldfaced lie? Not really.
I'm glad that you are on team free trade now though. I look forward to you supporting further deregulation of other market sectors.
Irregardless, APOG isn't exactly making a great argument. -
APOG isn't arguing anything but giving into the chicoms.
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Trump caved to the chicoms today. Totally blinked, bent over and blew Xi all at the same time.WestlinnDuck said:APOG isn't arguing anything but giving into the chicoms.
He deferred his precious tariffs on Chinese electronic goods (that trumptards insanely insist US consumers don’t pay) until after the Christmas shopping season. Merry Xmas trumpanzees!
Why would he retreat? For such a winning strategy (it’s really not, sorry bot, because adopting a policy - tariffs - that you say you want to eliminate is preposterous, as facts on the ground are showing) it’s absurd he’d defer it it was working. But at least he’s trying something!
