Trump's Trade War to Raise Prices on a Wide Range of Products

[Yellowtail]

Just now, Yagoda said:

In your fevered Socialist wet dream maybe.

The left knows Trump will help the working class, partly at the expense of the lettered class. That's why they hate him. 

 

If the left really believed Trump would help the rich at the expense of the poor (like the Biden administration did), they'd be all for him. 

[lordgrinz]

Mexico folded.

[Cryingdick]

9 minutes ago, lordgrinz said:

Mexico folded.

 

When you put Chuck on a stage with an avocado and a Corona Mexico knows sh!t just got real. Trump sold that well had the left panicked.

[SunnyinBangrak]

So Mexico folded like a cheap cardigan. I KNEW Trump would win this and the left would have egg on their faces. How? Trump = common sense & logic. It always prevails. Canada and Mexico can't afford to ruin their economy when they have such weak hands.

Go Trump. This is AWESOME winning trade wars and making the left look like clowns. A 2fer😅

Going back to laugh at the awful and hysterical responses from those with no idea of economics or common sense.

[CallumWK]

9 minutes ago, SunnyinBangrak said:

So Mexico folded like a cheap cardigan.

 

Were you involved in the conversations, or do you have a source you can link to, that proves Mexico caved?

I say that Trump caved, as he get told what damage he is doing.

My feeling is that he will not here for long anymore

[Cryingdick]

28 minutes ago, CallumWK said:

 

Were you involved in the conversations, or do you have a source you can link to, that proves Mexico caved?

I say that Trump caved, as he get told what damage he is doing.

My feeling is that he will not here for long anymore

 

Either way Mexico sending 10,000 troops to help seal up the border. 

[Centigrade32]

2 hours ago, Yellowtail said:

The left knows Trump will help the working class, partly at the expense of the lettered class. That's why they hate him. 

 

If the left really believed Trump would help the rich at the expense of the poor (like the Biden administration did), they'd be all for him. 

 

What a load...

[Yagoda]

34 minutes ago, CallumWK said:

 

My feeling is that he will not here for long anymore

What is your lot going to do try to kill him again?

[CallumWK]

4 minutes ago, Yagoda said:

What is your lot going to do try to kill him again?

 

If he get assassinated, it will be by his own folks.

[GypsyT]

On 2/2/2025 at 7:03 PM, MicroB said:

The favourite to replace Trudeau, Mark Carney, would be interesting to listen to.  Dr Carney; actual economist.

 

Its generally said tariffs only hurt the consumer, as the increase is passed on. The Smoot-Hawley Tariff Act of 1930 caued the Great Depression. The Great Depression allowed Hitler to come to power, and ultimately the impact of the US raising tariffs caused World War 2. 

 

But not strictly true if the consumer has a choice. That's Trump's imaginary solution.

 

80% of Canadian oil is exported to the US. But why does the US need Canadian or any foreign oil if it can drill baby drill.

 

https://www.fuelstreamservices.com/why-the-u-s-cant-use-the-oil-it-produces/

 

For cars, its utterly dependant on imported oil, or expect sharp increases at the pump, and ultimately, in the supermarket (eg price of eggs).

 

About 80% of medical equipment is imported, albeit made by US companies. Trump should ask his mate Putin how he got on onshoring the Russian medical industry post-2022. Russia has a lot of technical knowhow. They put a man into space first, They have nukes. They have incredible scientists.

 

That's probably what Putin thought when he formed a panel to look at what medical equipment and medicines coud be Made In  Russia Again (medicines and most medical equipments are not sanctioned, but they are now much more expensive in Russia, since 89-90% were imported). The response was not much. Its not just about know how; that will take years to develop, but in healthcare, doctors generally don't want to kill their patients with some hokey solution.

 

A lot of politicians, East and West, don't understand this. They think its just about Will and Ingenuity. This was played out during COVID and Ventilators. With good reason. there was expected to be an increase in demand for Emergency Ventilators, only they weren't mass produced, generally only made, quite slowly, to order. We didn't have enough ventilators. So there was a worldwide, and unseemly scramble for available inventory.

 

Anyone remember when Putin made America a gift of Russian ventilators, and other medical equipments in March 2020, to help out in New York. The President at the time thought it was a big deal, and he was very thankful. None of it made it anywhere near a US hospital. It went straight to the scrap heap. No American doctor was willing to risk their patients being hooked u to a shonky bit of kit that could actually kill them. Lots of countries had lots of people from industry to rethink how to make ventilators. In the US, Trump got GM and Ford, in a WW2 style effort make 50,000 ventilators in 100 days. In the UK, the government got the military involved, formed the "Uk Ventilator Challenge", lead by defence contractor Babcock to take the same approach as we did to Afghanistan, with "Urgent Operational Requirements", think out of the box, how to make a back to basics ventilator, war style, after thats what made the Sten gun brilliant.... James Dyson put in his awl, saying ventilator makers were idiots, and he was a genius rethinking the concept of the ventilator, in the same was he reinvented the hoover and changed how we dry our hands. Pretty sure Elon Musk pitched in. Trumpf must have loved this, all these fellow geniuses getting things done, a can do spirit.

 

Only no one spoke to the doctors. For the same reason they didn't want Russian ventilators that catch fire anywhere near their hospitals, they didn't want ventilators screwed together by someone a week earlier who was screwing together a F150, nor a ventilator designed by a hoover maker using coke bottles and chicket wire.

 

And this is what Putin found. Russian doctors wanted to have the same medicines as before, the same ultrasound as before, the same IVD tests as before. Not Russki knockoffs.

 

The Healthcare supply chain is complex; I am working with certain national agencies to understand the supply chain landscape supporting their healthcare needs, using their own data that they can't understand. They were worried about the stresses revealed by COIV. They are genuinely worried about another COVID. But they are worried about the effects of Typhoons, Hurricanes and other natural weath events, and how that impacts supply. They are worried about financial failure.

 

Did you know, there is a influenza testing device sold in the US, by a top US makers, it provides rapid and accurate testing for a battery of viruses. They assemble some of it in the US, they assemble another bit in their China subsidiary (the consumable, because they need that to be really cheap if scaling it up for population level usage). They don't know much about electronics, so they use a US contract manufacturer to design and make a reader. This CMO farms that out to its Singaporean subsidiary, who ultimately get it made in their lower wage Malaysian factory. Meanwhile, this test,, is worthless if it doesn't have reagents. Luckily, they can do that inhouse, except for the Control. Control is something to prove the test works. Its an inert derivative of the virus you are trying to detect. It can only be made in a laboratory that is growing active virus to actually quite large amounts. Its a lab that needs particular containment measures, of the sort seen at the Wuhan Virus Research Institute. This major US manufacturer sources its killed control from a little Dutch sub-contractor, from their little Dutch BS3 containment facility. The manufacturer operates with a 8% margin; it squeezes its suppliers because its responsibility is not to provide cheap tests for patients, but to provide return to its shareholders. For this US manufacturer, about 40% of volume goes to the US. It has a leading market share in the US, but is more pressured in the EU and China thanks to less strict regulatory oversight. It has to pay the tariffs. It could pass all of that onto the providers in the US, or it can try and squeeze its suppliers some more, raise prices in non-US markets. Or it might say, Fk It, the cost of business in the US is already quite high, lets reduce our exposure there, and focus of expanding market share in those fast growing markets in APAC. Revenue is revenue. With less competition in the US, prices rise, but also device/medicine efficacy falls; manufacturers have no incentive to improve things.

 

Its US companies that have largely created the global ecosystem of trade that Trumpf rails against ("the globalists"). US sales are very important to them, or course but so are non-US sales. That proportion varies by industry. In the traditional industries, lke cars, American car makers still sell most cars to Americans, and that will always be like that. Its in the Tech industries where its very different, the same tech industry that Trumpf is pinning his hopes on with the US re-industrialization strategy. Its going to work for traditional industry. One outcome is your frying pans (skillets) will no longer be mostly Chinese, but American. They'll be more expensive, but American. But guess what, people don't use skillets so much any more. Its all about air fryers now. Tech firms have the largest proportion of revenue from outside of the US. Now Trump wants then to reshore their operations, making them less compeititive in the markets they have always existed in. He'd have to devalue the US Dollar to do that. Oh wait, he doesn't want to do that, because the USD is strong.

Something is missing here.

Can I get long version?

Thanks!

 

[Yagoda]

7 hours ago, Patong2021 said:

 

It didn't take long for that type of comment.

In light of the continued socialist anti-Semitism here it is appropriate.

[Yagoda]

4 hours ago, CallumWK said:

 

If he get assassinated, it will be by his own folks.

Like the ones who have already tried? Violence and assassination is a trademark of the left

[lordgrinz]

Oh look, Canada folded too 😜