Some tariff activity!
Bendintheriver
Member Posts: 6,528 
It seems the phone is ringing off the hook on Air Force One. Countries are panicking and looking to negotiate.
For the life of me I can't understand why any American would not like to correct the wrongs that have been done to the USA. I understand those that don't follow business and trade not fully getting it, and I get why democrats don't want any success for Trump or the nation while he is President, but I am seeing some fairly reasonable people who can't see the forest through the trees.
Hello Tariffs, My Friend—Trump’s Trade Weapon Delivers Early Results
Hello Tariffs, My Friend—Trump’s Trade Weapon Delivers Early ResultsFactories Are Roaring, Oil Prices Are Plunging, and Trade Partners Are Making Concessions.
Over at OPEC, Reuters reported that eight OPEC+ countries "unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, a decision that prompted oil prices to extend earlier sharp losses." All of them, except Russia, had been featured on Trump's tariff chart on Wednesday—and on top of a 4% drop, oil fell further to below $70 a barrel.
These developments happened within 24 hours of Trump's announcement. On Air Force One, the president indicated that countries and companies have been constantly calling the White House, hoping to make a deal. Trump said that the threat of tariffs is making them reconsider their positions.
Consider two countries—Vietnam and Germany—which operate significant trade surpluses of $123.5 billion and $84.8 billion, respectively. By trade surplus, economists mean the difference between these countries' imports from and exports to America. Given how dependent their economies are on selling to the United States, both Vietnam and Germany are the most likely to work with the Trump team to make a deal.
In 2023, Vietnam's exports to America reached $452.4 billion. Most of the products were low-end—textiles, footwear, furniture and furniture parts, and plastics—although, in recent years, Vietnam has strengthened its high-tech manufacturing capacity (electronics, computers, chips). With a population of only 98 million, Vietnam's GDP is heavily tied to exporting to America. [In comparison, India, with a population of nearly 1.5 billion, exports only $84 billion in products to the United States (although its service exports, as in software, are more than double this amount)].
Comments
My reasoning is it will hurt the economy short term enough to give democrats power back in 26.... who cares if we fix the trade issues if the democrats are back in control.... Trump has a short timeline to make this work without screwing himself.
This assumes that the dems are capable enough to take advantage of anything.
My guess is they continue to fracture right as things get back on track economy wise
They already passed the senate resolution... that's ready to hang Trump if this fails ... Schumer isn't as dumb as you think... for the president election, sure... but house and senate they have it dialed in.
The house is already razor thin as it is... so much to that Stephanik had to pull her UN nomination.
So what is the answer? Continue to do nothing to keep the house to continue to do nothing?
That is exactly why people hate congress and the GOP and the democrats
Schumer and Pelosi talking tariffs and fighting globalism in the 90’s was making the rounds on X yesterday.
Actually a really good speech. She’s talking about how the market blocking is effectively a tariff too.
Young Pelosi with that rack - oh boy
1929 prosperity coming!
LOL!
Another one of hh's "The Russians are coming; the Russians are coming" moments.
Looking good there hh…………lol!
We survived this long doing nothing on it…
Some have
It's not sustainable
You don't like the Reagan comparison but its apt
The economy still sucked at the mid terms
Adults do what needs to be done. Too many politicians worried about job security got us here. There's no point in winning if there is no difference from the losers
In the long run tarrifs aren't bad.... but they do hurt the economy in the short run.... it is also a tax increase on the consumer as well and very inflationary.... gas is up 35 cents in 3 days.... like I have said... their is a huge risk to this if democrats take over in 26... none of Trumps agenda gets done and you may lose supreme court picks....
We had survived just fine without this tarrif bs the last 30 years... Trump didn't need to do this.
Again what difference does it make if he keeps doing what the democrats do?
Oil and inflation are down
We didn't do this crap other than steel in 17 and had the best economy in 50 years... that's why he got elected to bring that back not this crap
In 17 we didn't completely and purposefully fuck up supply chains in every way possible due to a pretend pandemic.
Grab your balls because we aren't going back to that bullshit.
Move production here or fuck off.
Supply changes have been fixed... why mess it up again... now China will go to Australia et all for grain etc...
If we don't do this now we are always going to be vulnerable to this shit going forward. And a huge % of the country and other countries will still shit themselves at the next flu.
And what happens when democrats take over in 26 and 28 and just give it back?
In 17 we had low interest rates and a manageable debt to gdp.