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Posted

And let’s not forget: In terms of the trade deficit, there’s a service surplus. What is the service surplus made of? Tourism, education, medical care. We export that stuff, and they’re directly attacking that. They’re directly attacking all of the sources of our service surplus.

So, what, we’re going to give up medical research, professional consulting and financial services surplus so that we can make T-shirts in the U.S.? Is that going to be good for productivity and U.S. exceptionalism? Is that going to make people want to hold the dollar more or less?

https://www.politico.com/news/magazine/2025/03/31/wall-street-insider-explains-market-spooked-00258083

Posted
19 minutes ago, John Drake said:

 

He'll fold on the tariffs tomorrow. It'll be a squeak, not a roar.

Who knows, he's the undisputed king of flip-flop. Exactly what the markets want and need - constant uncertainty.

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Posted
5 hours ago, BLMFem said:

I’m not,I’m buying some things ( not really big) because if the tariffs do happen then everything gets expensive real quick.its the new trump tax no more no less.next time you buy something just think of it as a trump tax,kinda like a poll tax for being stupid enough to elect him ehh??

Posted
6 minutes ago, Tug said:

I’m not,I’m buying some things ( not really big) because if the tariffs do happen then everything gets expensive real quick.its the new trump tax no more no less.next time you buy something just think of it as a trump tax,kinda like a poll tax for being stupid enough to elect him ehh??

There will probably be a run on autos and other expensive items that might be affected by tariffs. Ford has a lot of cars it's been unable to sell quickly. So in the short run, its sales may jump.

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