Most people are still getting a lot of crap information from fake news sites who are putting a negative spin, but don't know what they're talking about.

 

Here, watch this. I think this guy's theory explains what Trump is doing.

 

 

Before these tariffs, there was an imbalance.

The US charged the world about 2.5 per cent on average.

And the world charged the US about 7.5 per cent tariffs on average.

So it was disadvantageous for the US. 

 

There was a trade imbalance against the US.

 

Now, the tariffs are exaggerated in the opposite directoin.

But Trump is trying to get the Federal Reserve to lower interest rates.

 

Trump's real estate background taught him to re-finance the debt in low interest rate environments. 

 

So his goal is to re-finance the US debt at lower interest rates, re-inustrialize the US, and fix the current trade imbalance.

 

He's not delusional and crazy. 

 

2 hours ago, save the frogs said:

Here, watch this. I think this guy's theory explains what Trump is doing.

 

You "think"?

 

Call me suspicious.

 

You need a Russian magician to help you understand what trump is doing?

 

Face-palm.

 

 

2 hours ago, save the frogs said:

He's not delusional and crazy. 

You must be to think that he isn't!

11 hours ago, bamnutsak said:

 

You "think"?

 

Call me suspicious.

 

You need a Russian magician to help you understand what trump is doing?

 

Face-palm.

 

 

 

Exactly.

 

I go with this (abbreviated) quote from Good Morning, Vietnam (1987) to explain the topic heading:

 

 But you're not crazy, you're mean.

 

2 hours ago, save the frogs said:

There was a trade imbalance against the US.

 

Now, the tariffs are exaggerated in the opposite directoin.

But Trump is trying to get the Federal Reserve to lower interest rates.

 

Trump's real estate background taught him to re-finance the debt in low interest rate environments. 

 

So his goal is to re-finance the US debt at lower interest rates, re-inustrialize the US, and fix the current trade imbalance.

 

He's not delusional and crazy. 

 

 

I hope you are right. 

2 hours ago, save the frogs said:

Before these tariffs, there was an imbalance.

The US charged the world about 2.5 per cent on average.

And the world charged the US about 7.5 per cent tariffs on average.

So it was disadvantageous for the US. 

 

Does this guy tell you where his figures are coming from? These figures are at best misleading. Here are EU tariff rates for the last 10 years:

.

https://tradingeconomics.com/european-union/tariff-rate-applied-weighted-mean-all-products-percent-wb-data.html

 

2 hours ago, save the frogs said:

There was a trade imbalance against the US.

 

Now, the tariffs are exaggerated in the opposite directoin.

But Trump is trying to get the Federal Reserve to lower interest rates.

 

Trump's real estate background taught him to re-finance the debt in low interest rate environments. 

 

So his goal is to re-finance the US debt at lower interest rates, re-inustrialize the US, and fix the current trade imbalance.

 

He's not delusional and crazy. 

 

Yes there is a trade imbalance. But against? How do you mean against? As though it was the fault of tariffs or other trade barriers?

"Trade imbalances between two countries can emerge for many reasons that have nothing to do with protectionism. Americans spend more on clothing made in Sri Lanka than Sri Lankans spend on American pharmaceuticals and gas turbines. So what? That pattern reflects differences in natural resources, comparative advantage and development levels. The deficit numbers don’t suggest, let alone prove, unfair competition."

https://archive.ph/RMcj0

 

Correct, he is a con man.

 

It's possible Trump is not an idiot..... but he convincingly plays one on TV.  Definitely an Emmy possibility.

watched the video, he was saying if, if, if, if.

He is guessing what may happen and what trump may do. trump changes daily and it is hard to predict what he will do, apart from if you say no to him, disagree with him then he will react against you as he has done with China today with adding another 50% on.

 

China will not back down and with comments from vance "We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture," will not help. China and the USA need each other and there will be alot of pain for both before things settle down.

 

 

Here we go again.  The usa never seems to understand that asian cultures have been around a lot longer than the usa and the asian people have been through worse than trumps threats.  Vietnam of course was a glaring example of american arrogance that we big bad ass americans will go to vietnam and open a can of whip ass on all those little "gooks" who will crumble under the mighty americans.  How'd that work out.

 

Now t is playing with fire with china who i highly doubt will back down from american threats...so if china does not back down good luck to all the walmart shoppers when they find the stores  shelves empty or prices up double or triple on some of their favorite chinese cheap stuff...oh but no worries americans will just open factories and make all the stuff in america...gee how will that work out when americans make $20 an hour and chinese workers make a few dollars a day?   That little toy that junior is screaming for used to be $5 at walmart and is now $25? Good luck.

 

Oh didn't think that through did we?  If the world goes into a worldwide depression/recession i suspect the chines are a lot better at enduring pain than the average america who will be whinning because his pair of sneakers is now three times what he paid last month?

 

 

11 hours ago, pomchop said:

the chines are a lot better at enduring pain

then maybe we all need to get better at enduring pain.

 

3 hours ago, save the frogs said:

Before these tariffs, there was an imbalance.

The US charged the world about 2.5 per cent on average.

And the world charged the US about 7.5 per cent tariffs on average.

So it was disadvantageous for the US. 

 

Yes but he is a bull in a china shop

3 hours ago, save the frogs said:

The US charged the world about 2.5 per cent on average.

And the world charged the US about 7.5 per cent tariffs on average.

So it was disadvantageous for the US. 

When the US already has the largest economy in the world why change anything, they cannot get higher than number 1 economy in the world can they? Now they lost several trillions and head for a 20% bear market correction with a recession looming. Way to go! If it ain't broke don't fix it?

Save the Frogs - "Most people are still getting a lot of crap information from fake news sites".

 

Yes Frogs, maybe you and maybe Trump too . . . as an example, I use Trump on Canada.

 

Net of a US surplus with Canada on exports of 'Services', the overall trade deficit with Canada is $30-$40 billion.

 

The claim of 300,000 people being destroyed by Fentanyl permeating the US border with Canada is ridiculous - official sources say the Canada border accounts for 1/5 of 1% of Fentanyl arriving in the US - (extrapolating that would mean that the USA has 150 million people being destroyed by Fentanyl each year).

 

The trade deficit with Canada totals about $70 billion p.a. for goods less $30-$40 billion of US services in surplus.

 

The US benefits enormously from the goods it imports from Canada, i.e. crude oil delivered by pipeline direct to the industrial mid-west, cheap aluminium because Canada uses hydro-power, timber etc.

 

There is NO $200 billion imbalance and it wouldn't be a subsidy anyway.

 

Trump is quite MAD. Clueless !

 

 

 

8 minutes ago, save the frogs said:

then maybe we all need to get better at enduring pain.

 

especially all the maga walmart shoppers....

7 minutes ago, Digitalbanana said:

When the US already has the largest economy in the world why change anything, they cannot get higher than number 1 economy in the world can they? Now they lost several trillions and head for a 20% bear market correction with a recession looming. Way to go! If it ain't broke don't fix it?

So 124% debt is not broken 

23 minutes ago, Harrisfan said:

So 124% debt is not broken 

 

I would like to agree that the worldwide debt-driven economic system is rapidly approaching its end. But that has nothing to do with tariffs or trade imbalances. But anyways, back to my morning coffee. Way more important and pleasurable than talking about #47.

 

How about zero tariffs?

The US would lose because they can not compete so they are trying to bully the rest of the world.

China is saying :'Thank you USA for opening the rest of the world market for us."

Oh and just to let you know,Trump is an idiot!

 

13 minutes ago, Harrisfan said:

So 124% debt is not broken

This is what happens when you let hill billies and sociopaths run the WH. Many countries have debt greater than GDP. Look at Japan. The USA has managed its debt and it was not broken due to a few key factors working in its favor:

    1. Global reserve currency: The US dollar is widely held as a reserve currency by central banks and governments around the world. This creates a steady demand for US dollars and Treasury bonds, helping to keep borrowing costs relatively low.
    2. Low interest rates: For a long time, interest rates have been low, making it cheaper for the US government to borrow money. Although rates have risen recently, they're still relatively low compared to historical standards.
    3. Diversified economy: The US has a large, diversified economy with a strong services sector, innovative industries, and a highly developed financial system.

Like @Digitalbanana said, if it ain't broke don't fix it.

17 minutes ago, Harrisfan said:

So 124% debt is not broken 

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

3 hours ago, save the frogs said:

He's not delusional and crazy. 

100% True! There a no strong words enough for how mad he is.

1 minute ago, WorriedNoodle said:

This is what happens when you let hill billies and sociopaths run the WH. Many countries have debt greater than GDP. Look at Japan. The USA has managed its debt and it was not broken due to a few key factors working in its favor:

    1. Global reserve currency: The US dollar is widely held as a reserve currency by central banks and governments around the world. This creates a steady demand for US dollars and Treasury bonds, helping to keep borrowing costs relatively low.
    2. Low interest rates: For a long time, interest rates have been low, making it cheaper for the US government to borrow money. Although rates have risen recently, they're still relatively low compared to historical standards.
    3. Diversified economy: The US has a large, diversified economy with a strong services sector, innovative industries, and a highly developed financial system.

Like @Digitalbanana said, if it ain't broke don't fix it.

Japan economy was bad for 25 years 

1 minute ago, pomchop said:

The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

Half of that was covid.

1 minute ago, Harrisfan said:

Japan economy was bad for 25 years

The art of deflection seems to have reached unforeseen heights in the new GOP voter? I was not talking about Japan I was talking about the USA?

Just now, WorriedNoodle said:

The art of deflection seems to have reached unforeseen heights in the new GOP voter? I was not talking about Japan I was talking about the USA?

Art of BS is 100% on the left.