2 hours ago, KhunLA said:

Tariffs had nothing to do with the great depression.  Simply the elite, knocking down the middle class and taking over the industrial revolution.   A well planned, lend out money, then call the debt, they couldn't repay, and steal their businesses.  

 

They even did a test run in 1917 to see it would work, success.   So planned and perfected it for 1929's crash.

Wrong again, as usual. Typical MAGA moron.

----

Smoot–Hawley Tariff Act

The Tariff Act of 1930, also known as the Smoot–Hawley Tariff Act, was a protectionist trade measure signed into law in the United States by President Herbert Hoover on June 17, 1930. Named after its chief congressional sponsors, Senator Reed Smoot and Representative Willis C. Hawley, the act raised tariffs on over 20,000 imported goods in an effort to shield American industries from foreign competition during the onset of the Great Depression, which had started in October 1929.^[1]

Hoover signed the bill against the advice of many senior economists, yielding to pressure from his party and business leaders. Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates.^[2] It was followed by more liberal trade agreements, such as the Reciprocal Trade Agreements Act of 1934.

https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act

25 minutes ago, gargamon said:

Wrong again, as usual. Typical MAGA moron. 

That's one way to start a conversation, but not one if you want someone to care what follows.

 

Tariffs & excise taxes work and financed most of the federal budget, up until they figured out in 1913, what the hell, lets tax their income also.   They're so dumb, they'll do anything we say.

 

The rest is history to the tune of $36+ T in debt.   That's what happens when you have 535 criminals running the govt to enrich themselves.

 

Almost 50% of Congress are millionaires.  That's quite a wee bit more than the percentage of millionaires of the subjects they represent.

 

Let that sink in 

Thailand should now recognise that America cannot be trusted, ever again. It should look for new customers and get economically closer to China. Maybe it should increase its prices even further on certain food products such as rice and shrimp and really let the American consumer suffer even worse, remembering that the American consumer is the American voter.

1 minute ago, tonypattaya said:

Thailand should now recognise that America cannot be trusted, ever again. It should look for new customers and get economically closer to China. Maybe it should increase its prices even further on certain food products such as rice and shrimp and really let the American consumer suffer even worse, remembering that the American consumer is the American voter.

Maybe also put a high tax on revenue generated from Thailand by American tech companies such as that generated from Facebook, Google, Amazon ads, Netflix, Apple, etc.

On 7/8/2025 at 9:34 AM, Will B Good said:

 

No....this can't be correct.....can it?

Trump is on record (at a press conference),  stating his belief that tariffs are paid by the exporting country, and not the importer

On 7/8/2025 at 4:50 AM, MalcolmB said:

The more Americans pay for there goods will mean the less money they have for holidays to Thailand.

i am happy about it.

The point is how these high 35% tariffs will impact the Thai working classes and the Thai economy and its exports. It will be massive and will effect many. Globalisation has been very good for South East Asian countries giving a higher standard of living for more folk.. With less exports to the USA and higher prices over there on Thai exports this will reduce demand for such things.  

 

The only possibility as some FT writers and others are suggesting is if Europe, Latin America, China, Asia and SE Asia can circumvent US Trump and increase their trades outside the US hegemon. A kind of substitute approach

It's all about the Thai tariffs on peanut butter.

On 7/11/2025 at 6:47 PM, bannork said:

The latest deadline is to quote Donald,  'firm but not 100% firm', lol.

 

Imagine you own or run a domestic/international business and you're supposed to make investment plans for the next four or five years and you have to deal with this sort of unhinged chaotic thinking. Nobody can run a business in this environment.

2 hours ago, tonypattaya said:

Thailand should now recognise that America cannot be trusted, ever again. It should look for new customers and get economically closer to China. Maybe it should increase its prices even further on certain food products such as rice and shrimp and really let the American consumer suffer even worse, remembering that the American consumer is the American voter.

For Thailand, read "The rest of the world".

 

perhaps, also for "America" read "The US Republican party" - but the way they are gerrymandering districts, they may continue to hold power with an ever decreasing share of the vote, in which case the original works.

 

PH

 

PH

Flip Flop strategy didn't work ??

5 minutes ago, Marco100 said:

Flip Flop strategy didn't work ??

 

 

In Thailand?....or USA?

A post with a trolling meme using a derogatory nickname to belittle or mock individuals with differing political views has been removed.

 

Posts with derogatory nicknames, intentional misspellings or personal remarks will be removed. Some inflammatory posts and replies have been removed.

On 7/7/2025 at 10:28 PM, soalbundy said:

Many working class Americans can't even afford a 'Big Mac', and are maxed out on their credit cards while, although workers get hourly pay rises to compensate for inflation, their hours get cut due to falling demand and yet foreign producers should see America as a good market to sell their products. Thailand should do what many other countries are doing, find other markets and circumvent the bully. 

It is hard to avoid the largest purchasing economy in the world.

8 hours ago, tonypattaya said:

Thailand should now recognise that America cannot be trusted, ever again. It should look for new customers and get economically closer to China. Maybe it should increase its prices even further on certain food products such as rice and shrimp and really let the American consumer suffer even worse, remembering that the American consumer is the American voter.

You understand the US is the largest financial economy in the world? You must not pay attention to the news. Trump said if Thailand wants to increases prices the tariff will go up more than the 36%. China already owns half of Thailand. 

8 hours ago, John Drake said:

 

Imagine you own or run a domestic/international business and you're supposed to make investment plans for the next four or five years and you have to deal with this sort of unhinged chaotic thinking. Nobody can run a business in this environment.

There is nothing unhinged about a US $3.5 trillion dollar deficit. 

On 7/8/2025 at 2:03 AM, newbee2022 said:

Thailand will be in stormy weather with these high tariffs.

 

Look here, what Potus said to the new tariffs in general:

 

 

 

Republicans against Trump on X: "Trump has no f***ing idea what he’s doing with trade deals and tariffs. He just says whatever pops into his head at the moment. A total clown and buffoon. https://t.co/3zxaaN3Fil" / X

 

 

Does that read make you feel better? What ever you read has zero effect on what Trump does. The tariffs are a fact, no matter what you read. Get use to it.

On 7/8/2025 at 7:21 AM, Negita43 said:

If every country in the world resisted the bully collectively (as they will have to eventually or become controlled by USA economic policy and the USA  military complex) then this would soon end - but of course it won't happen it's the "united we stand the divided we fall" syndrome and Trump is  a master at dividing 

Do you remotely understand economics?

On 7/8/2025 at 1:53 PM, JJ-Thailand said:

Trump lives in the past and doesn't understand the future or even the present. A real clown.

You don't seen to understand economics or trade deficits. PS How much land do you personally own in Thailand?

18 minutes ago, joeysell said:

China already owns half of Thailand. 

Does it?  What does China own?

14 hours ago, spidermike007 said:

Right now you have millions and millions of people who are so horrified or so aghast by what’s happening. They feel like they have no leadership. They feel like nobody is articulating what they’re feeling and they feel like nobody is doing anything about it and telling them where we go from here. Those people need and deserve leadership. We don’t really have an opposition party.

 

Trump would not be where he is without the deep state or a similarly sinister organization or group of very powerful people who put him in that place, and are allowing him to conduct these extremely destructive economic policies. As reckless and as poorly thought out as all this seems, I think it's actually deliberate economic sabotage.

 

Unfortunately the average American and the average person without wealth throughout the world will end up being the victims. Tens of millions of Trump supporters will be very surprised at the end result, and it won't be a pleasant surprise. 

 

Very few people truly understand just how sinister and ignorant Trump is. 

 

 

 

You have lived in Thailand a long, long time. Why do you care? Do you know Donald Trump personally? How do you know he is sinister? Because you read it somewhere in the fake news? I live in rural Isaan and I see absolutely no way this will ever affect me. You live in Thailand, live like a Thai. Stay away from the fake news and enjoy your life.

5 minutes ago, josephbloggs said:

Does it?  What does China own?

11 to 14 percent of Thailand's population are considered ethnic Chinese. Have you ever been to Chinatown? 

7 minutes ago, joeysell said:

You don't seen to understand economics or trade deficits. PS How much land do you personally own in Thailand?

Another newbie bot that does not understand economics or US law. The president cannot create tariffs, the whole thing is a bullying bluff. Have a taco and wait out the bluster.

On 7/8/2025 at 8:35 PM, Isaan sailor said:

Well, most rice farmers in Thailand aren’t exactly rich—so a higher rice price would be a good thing.

Higher rice prices will NEVER flow down to the farmers. The millers and middle men take it all.

2 minutes ago, cjinchiangrai said:

Another newbie bot that does not understand economics or US law. The president cannot create tariffs, the whole thing is a bullying bluff. Have a taco and wait out the bluster.

How much land do you own in Thailand? Look up the definition of trade deficit while you are figuring out how much land Thailand allows you to own.

20 minutes ago, joeysell said:

11 to 14 percent of Thailand's population are considered ethnic Chinese. Have you ever been to Chinatown? 

Er, I am well aware of the ethnic background of some Thais.

You said "China owns half of Thailand.". Not "11 to 14% of Thais have an ethnic Chinese background".

They are Thai.

So what does China own?

It was a stupid comment insinuating that the Chinese own Thailand. They don't.

20 minutes ago, joeysell said:

How much land do you own in Thailand? Look up the definition of trade deficit while you are figuring out how much land Thailand allows you to own.

And your point troll?

On 7/8/2025 at 3:41 AM, angryguy said:

Absolutely devastating for thailand, and they completely deserve it

 

no it's not, and they don't. 

 

why are you here if all you want to do is spout unsubstantiated nonsense? 

3 hours ago, josephbloggs said:

Er, I am well aware of the ethnic background of some Thais.

You said "China owns half of Thailand.". Not "11 to 14% of Thais have an ethnic Chinese background".

They are Thai.

So what does China own?

It was a stupid comment insinuating that the Chinese own Thailand. They don't.

Look it up and educate yourself

2 hours ago, it is what it is said:

 

no it's not, and they don't. 

 

why are you here if all you want to do is spout unsubstantiated nonsense? 

It's a massive trade imbalance, not unsubstantiated nonsense.

7 hours ago, joeysell said:

Does that read make you feel better? What ever you read has zero effect on what Trump does. The tariffs are a fact, no matter what you read. Get use to it.

That was yesterday.

Wait what POTUS will say today