Trump Bows to Economic Reality With Tariff Delays and Exemptions

[placeholder]

A month ago, President Trump announced that he would impose sweeping tariffs on imports from Canada and Mexico before reaching a last-minute deal to delay them for 30 days.

This week, after markets revolted when the tariffs were put in place, Mr. Trump watered them down with a monthlong reprieve for automakers.

And then on Thursday, he opened up even broader exemptions for many other products that are imported from America’s neighbors to the north and south after intense lobbying from business groups that warned of rising prices.

https://archive.ph/UGUbK

[sharot724]

[Walker88]

Bowing is about the only thing he is good at. Bowing to Putin...bowing to Musk......

 

Actually, he's also good at running to the WH bunker, as he does when a Code Pink protest develops on Pennsylvania Ave. Who would have thought a fat guy like that could move so quickly when fear of a group of post-menopausal women appearing on the street has him in a titter.

[Walker88]

7 minutes ago, sharot724 said:

Sounds good, but is far from reality.

 

First, the clown isn't clever enough to carry out a plan like that.

 

Second, the market is not going to recover. Dead cat bounces do not spell the end of the rout.

 

Third, he's stupid enough to keep doing things that hurt both the stock market and the economy.

 

Fourth, the biggest billionaire has lost $150 billion since mid-December, and his company stock even closed lower Friday, despite the dead cat bounce in the overall market.

[Jim Blue]

12 minutes ago, Walker88 said:

 

 

Actually, he's also good at running to the WH bunker, as he does when a Code Pink protest develops on Pennsylvania Ave. 

They could have chosen another color !

[Harrisfan]

25 minutes ago, placeholder said:

A month ago, President Trump announced that he would impose sweeping tariffs on imports from Canada and Mexico before reaching a last-minute deal to delay them for 30 days.

This week, after markets revolted when the tariffs were put in place, Mr. Trump watered them down with a monthlong reprieve for automakers.

And then on Thursday, he opened up even broader exemptions for many other products that are imported from America’s neighbors to the north and south after intense lobbying from business groups that warned of rising prices.

https://archive.ph/UGUbK

He talks to leaders weekly about trade and other matters. Nothing to do with stock market.

[hotsun]

Trump cutting funding for antisemitic universities as promised. Would democrats have done that? FAFO

[Harrisfan]

Over the last six years, the average PE ratio of Dow has been 21.2. The current 23.85 P/E ratio is 13% higher than the historical average.

 

 

[blaze master]

17 minutes ago, Walker88 said:

First, the clown isn't clever enough to carry out a plan like that.

 

 

Clever enough to get elected....twice.

 

Vote Walz 2028.

[Harrisfan]

Just now, blaze master said:

 

Clever enough to get elected....twice.

 

Vote Walz 2028.

Clever enough to hire Musk. The other guy hangs out in gyms.

[Walker88]

Since the end of January, the price of steel in the US is up 30%, and the price of lumber futures is up 20%.

 

Inflation.

 

Now consider many firms will import quickly to beat the tariffs, so the trade deficit will soar. That impacts the GDP calculation. Couple that with consumer sentiment already tumbling (according to the Michigan Survey of Sentiment, the benchmark measure), and the fact prices for goods will rise, and we'll see negative growth.

 

So...inflation + negative growth.

 

The term for that is Stagflation.

 

Now before any willfully ignorant MAGAs jump in and bark about 'that will bring jobs home', riddle me this:

 

How long does it take to design and construct an auto plant? A steel plant? Grow a forest made of the kind of trees used in home construction?

 

But hey, maybe we'll make up in lost trade, lost ag exports, etc. with our new bestest buddies in Russia and North Korea. I mean aren't those both booming economies full of HNW consumers?

 

 

[Walker88]

24 minutes ago, blaze master said:

 

Clever enough to get elected....twice.

 

Vote Walz 2028.

His election is a reflection of the general ignorance of voters and their need to believe pie-in-the-sky fantasy, something the POTUS admittedly is good at delivering..

 

The changing economy has obviated the kind of low skill, poorly educated people who are the President's bread and butter. He knows from Goebbels that a lie told often enough becomes "fact", and his moronic base is so desperate, they'll buy into absurdity, like that China pays for the tariffs.

 

I can't say his voters are not getting what they deserve. Guys can take advantage of Darwin's Rules, but that doesn't mean they're clever, just self-serving opportunists.

[blaze master]

2 minutes ago, Walker88 said:

His election is a reflection of the general ignorance of voters and their need to believe pie-in-the-sky fantasy, something the POTUS admittedly is good at delivering..

 

The changing economy has obviated the kind of low skill, poorly educated people who are the President's bread and butter. He knows from Goebbels that a lie told often enough becomes "fact", and his moronic base is so desperate, they'll buy into absurdity, like that China pays for the tariffs.

 

I can't say his voters are not getting what they deserve. Guys can take advantage of Darwin's Rules, but that doesn't mean they're clever, just self-serving opportunists.

 

You really need to stop demeaning people all the time and calling them dumb. 

 

You're on (among many other things)team Biden was nails and Trump is going to jail. Believing those things as you did is about as dumb as it gets. 

 

I don't really like calling others dumb on here but you seem to do it in almost every comment. Yet again I'll reiterate how totally wrong you were about the entire political landscape leading up to the election. 

 

For someone so smart you were extremely dumb regarding US politics.

 

Your stances were painfully dumb.

 

 

[stupidfarang]

Love Canada's reply, no stopping their tariffs until donald stops all the tariffs he has placed on Canada, stopped for good.

[gargamon]

3 minutes ago, stupidfarang said:

Love Canada's reply, no stopping their tariffs until donald stops all the tariffs he has placed on Canada, stopped for good.

They need to turn off the electricity and close the oil spigots too.

[JimHuaHin]

No wonder so many of Trump's businesses have failed, he has almost zero comprehension of economics and no comprehension of international economics.

 

America's (former) enemies must be celebrating Trump's actions which are rapidly killing the USA.

[impulse]

Trump Bows to Economic Reality With Tariff Delays and Exemptions

 

He's not "bowing to economic reality".  He's giving them time to think about their reticence. 

 

It's in "The Art of the Deal" if you don't understand what he's doing.  And if Canucks and Mexicans don't read their opponent's playbook, that's their bad.

 

 

 

[jerrymahoney]

Yes Trump plays 3-dimensional chess, so he is 5 moves ahead of everyone else.

Lao Tzu - Machiavelli all wrapped in one.

And Art of the Deal was written by a ghost-writer. Trump just being Trump (TM)

 

And Mr. Trump may not be able to pull this one as many times as Lucy:

 

[still kicking]

 

[Lacessit]

1 hour ago, impulse said:

Trump Bows to Economic Reality With Tariff Delays and Exemptions

 

He's not "bowing to economic reality".  He's giving them time to think about their reticence. 

 

It's in "The Art of the Deal" if you don't understand what he's doing.  And if Canucks and Mexicans don't read their opponent's playbook, that's their bad.

 

 

 

"The Art of the Deal" is ghostwritten, by Tony Schwartz. Trump has the attention span of a goldfish.

 

Canucks and Mexicans are responding in kind, and it's costing Americans their jobs.

 

"Reticence" is BS. Those countries circled the wagons and loaded up for bear.

 

But keep thinking that way if it comforts you.

[impulse]

1 minute ago, Lacessit said:

"Reticence" is BS. Those countries circled the wagons and loaded up for bear.

 

But keep thinking that way if it comforts you.

Here's my forecast.  When it's all over, Mexico and Canada will acquiesce and protect their borders with the USA, there will be no additional tariffs for products actually made in North America, and Canadians, Mexicans and Yanks will all be better off.

 

Or they can be reticent and pay the price.  Not that anyone wins a trade war.  But Mexico and Canada stand to lose a lot more, just by the numbers.

 

[blaze master]

9 minutes ago, Lacessit said:

attention span of a goldfish.

 

Most of humanity is like this now. 

[Lacessit]

1 hour ago, gargamon said:

They need to turn off the electricity and close the oil spigots too.

Imagine the squeals to high heaven.

 

Just now, impulse said:

Here's my forecast.  When it's all over, Mexico and Canada will acquiesce and protect their borders with the USA, there will be no additional tariffs for products actually made in North America, and Canadians, Mexicans and Yanks will all be better off.

 

Or they can be reticent and pay the price.  Not that anyone wins a trade war.  But Mexico and Canada stand to lose a lot more, just by the numbers.

 

Can you even imagine the damage Canada can do to the USA?

 

Already, US liquor producers  have seen $1 billion in sales vanish. When they come back is anyone's guess.

 

Canada supplies electricity to New York and New England. They would be plunged into darkness. Washington, Oregon and California would have to introduce blackouts.

 

A sensible country would reduce its dependence on the American market for oil, by seeking other markets. That is what Canada is doing now.

 

Only someone truly illiterate in economics would tariff an import they are getting at a discount to the world price.

 

America's auto industry is ailing. It depends on Mexico and Canada for critical components.

 

Trump has rung a trade bell that can't be unrung. It's the same as when Putin tried to use Russian gas to blackmail Europe.

 

My forecast is a world-wide recession. Whether Americans have the nous to realize Trump's transactional ideology is the cause, is another question.

[gargamon]

42 minutes ago, Lacessit said:

Trump has rung a trade bell that can't be unrung. It's the same as when Putin tried to use Russian gas to blackmail Europe.

 

My forecast is a world-wide recession. Whether Americans have the nous to realize Trump's transactional ideology is the cause, is another question.

I'll answer that question for you. No, they don't.

[placeholder]

3 hours ago, impulse said:

Trump Bows to Economic Reality With Tariff Delays and Exemptions

 

He's not "bowing to economic reality".  He's giving them time to think about their reticence. 

 

It's in "The Art of the Deal" if you don't understand what he's doing.  And if Canucks and Mexicans don't read their opponent's playbook, that's their bad.

He's also giving businesses the heebie jeebies. Such whipsawing makes it impossible for them to plan for the future. And it's certainly not going to give them confidence to trust that Trump won't continue in the same vein. The fact is, the Canadians and Mexicans called his bluff and he folded. It has also torpedoed consumer confidence which has cratered since he took office. And in the case of Canada the border issue is ridiculous.

 

[frank83628]

7 hours ago, sharot724 said:

You are free to invest too. 

[sharot724]

7 minutes ago, frank83628 said:

You are free to invest too. 

Flew right over the head of this pigion, (apparently).