Trump tariffs ruled illegal
Comments
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get the fuck out of here…. no amount of smoke and hand waving gets rid of your cult leader's tariffs… which alone are bad enough, but by all non propaganda accounts (I mean from real economists and actual surveys) people view the economy in a downward motion now, all thanks to your idiotic president.
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You can return now to your usual trumptard groupthink
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It’s a common reaction to meltdown after your experts have been wrong. Maybe they will make a Larry Summers bobblehead to cheer you up.
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Even just the specter of tariffs, suspended or whatever, puts a damper on investment everywhere. Apparently they didn't hear the good news about how elasticity will save the economy from recession.
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Investment is rolling into the US at record pace. What the fuck are you talking about?
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The reports I read say executives are waiting to see what happens. They don't want to commit when the system in is chaos. There is some investment, yes, I read about, but the chill is on.
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It's getting to be pretty fucking awesome right now.
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Are you subscribed to Bucky's newsletter?
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5 Ways to Lose 25% of Your Wealth. Number 3 will shock you
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Is this good?
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Yea. But that’s just CNBC. They’re basically just Daddy’s personal publisher.
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Who is Bucky and does he poast here?
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OK I studied tariff trends over the last 25 years. True, foreign tariffs are generally higher and vary place to place. However until Trump's first term all tariffs were basically pretty low. Our imports tariffs were virtually nonexistent creating (to no surprise) a lot of low priced goods. Yes, there were exceptions and negotiations brought a lot of the tariffs down. It was until Trump's first term that tariffs started to be a major factor. And that was nothing compared with the onslaught of chaos that he's brought to the world now.
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Keep studying
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Now do the 167 countries that charge tariffs on U.S. goods. I'll wait! Turnabout is fair play!
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I haven't seen a damn thing from you as far as a report. The point of this is that tariffs have for most of this century not been a big factor. They are used especially for specific products and specific countries. But not to just tariff the fuck out of the world and pass the burden on to US citizens. The wise way to use tariffs is selectively and with care, judiciously not with a sledgehammer.
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I’m here to be nice. There is a lot of other stuff besides tariffs that act as barriers to trade, especially with Europe that aren’t apparent in the rates. If you have something to sell there that has a local producer/competition, good luck getting it in and making money off of it.
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Dodge and weave wimpster, dodge and weave!
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Like I said, I haven't seen a thing from you. Prepare a report to support your argument. I already conceded that foreign tariff rates were generally more than ours. But historically, the rates were still in general pretty low all around.
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Both Bob and I gave thoughtful answers that went into why we think tariffs won't be passed on.
Previous tariffs had a pass on rate of basically less than a hundredth of a percent.
Simply calling that "hand waving" and "smoke and mirrors" isn't an argument. It's definitely not "destroying" our points.
Keep on keeping on i guess.
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AOG's tariff discussion summary again.
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AOG: Elasticity begone!
And then like magic, AOG thinks it disappeared.
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Elasticity is smoke and mirrors is what I learned from this thread. Might as well jack up my prices by 100% since that won’t affect sales volume.
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Economics is really a chaotic system. Sure, elasticity has an affect on the system. The problem is that Trump has introduced a completely new magnitude of change. Not a qualitative change, since there usually is tariffs. But a quantitative change. He also introduced near universal uncertainty. It's like changing the rules of football midway through the game. People are just going to run simple plays and hope to escape without getting trounced.
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I agree that there's plenty of money sitting on the sidelines waiting to see what happens.
Certainty is not a governing principle though.
Spending, taxes, and trade as it stood would certainly run the US bankrupt.
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Actually Trump introduced massive qualitative (uncertainty increase) and quantitative changes.
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Remember when AOG complained about massive qualitative and quantitative changes stemming from the dementia patient's open border and end US oil and gas policies? Me neither. America Last is definitely the best economic policy. AOG learned that somewhere. Also elasticity is dead.
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Gawd, lost the whataboutism straw-manning bullshit!
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Meanwhile, the 1870s called and said:
"You're putting me on.
Really?
Okay, sure!
I'll be right over!"
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WestinnDuck … thinks to win an argument he needs to prove something other than what is being argued. Logicians call this "attacking an opponent where he is not located."
