Repeating the same factless BS prediction over and over again does not make it true. It just makes for long nonsense threads like this one.
Again Trump substantially raised tariffs on Chinese goods during his first administration and prices did NOT go up until Biden screwed up the econiony and launched us into runaway inflation. I believe facts and what I see. I do not believe folks issuing predictions based on ZERO facts like the nonsense you’re trying to sell with this post.
Do you not know what negotiations are? Did you not see how effective they can be used to level the playing field? Pres Trump told Columbia to take back their illegals, they said, Pres Trump said I’ll put a 25% tax on your imports. The NEXT PHUCKING day Columbia sent their own planes up and took their OWN people back on their own money! Do you have TDS or something? A president, any president should be for and support America first, above all other nations. An American president’s job isn’t to spend $50M on condoms for an African country! That $59M should be spend on vets, the poor, Medicare and other services for the American people!
Phuck any other country. We come first. Is that so hard to understand?
Be kind to Jim…
I’m exiting this conversation early. Going to go nowhere.
Exactly. With tariff taxed goods I have a choice to purchase or not, or I can pick an alternative. Either way, I have a choice on the tax. With income tax, I don’t pay, it’s off to prison.
I’ll choose option A, thank you.
Truth is not emotional based. It is facts delivered in a direct and clear manner regardless of emotional effect on the receiving end. But lies and emotional based nonsense needs to be called out swiftly and unambiguously or it will never die, as proven by threads such as this which we seem to have a plethora of in this forum.
Kindness is just “feelings based” not logic. If anyone feels like I’m not kind in what I say or my delivery that is on them for failing to manage their emotions. As my daughter is fond of saying, a “they” problem.
“F-ing” BINGO!!! All of Latin America and Africa grows great coffee, most of it much better than the Colombian trash we get sold to us…. So “F” Colombia. Korea, Philippines, Vietnam…. all make great electronics. “F” China. Canada has more moose than people and most real Canadians HATE Trudeau. The last thing I bought “Made in Canada” was a GREAT sheepskin jacket about 20 years ago, and they don’t even make them there anymore.
If you’re going to preach what you claim is truth and that you have a greater understanding and are more knowledgeable than another, it may help your cause if you actually used your own words rather than plagiarizing.
Edit to add that there is some comedic value to CNN “fact checking”.
Don’t forget the oil we import from Canada. Add 15-25% to the price of gas and thank the Orange man for defending us against Canada when you fill up,
A bankrupt U.S. is an albatross around the neck of the world that everyone would love to do without. China is moving strongly into that vacuum our waning power is creating. Though they are just using the same debt based bubble game we have been for the past 4 plus decades and will likely end up in the same boat we are in now.
Yeah and China has a foolproof financial plan. Make Uyghurs into “production workers” and and pay them slave or no wages at all for a 100% profit margin. With a system like that, who needs subsidies.
That shows a complete misunderstanding of how oil is purchased handled and tariffed. The cost of oil, even if it goes up, has a relatively small impact at the pump because you do not tariff transportation, refining, retail, marketing, profit margins at every stage of refining through distribution, and most important TAXES on gasoline assessed by your state and local government.
And while Canada is now the largest percentage of imported crude into the USA (60%) this will be changing soon as new oil leases and the hordes of USA wells that have been shut down by Biden and his band of idiot marauders open up again to sell FIRST into our domestic market (at cheaper than Canadian prices because of tariffs) and then export.
Again, this President already PROVED he can handle the price of gas at the pump. In what universe can we justifiably believe anything else!!!
Let me summarize this quickly. Assertions, theories and predictions are ALL lies unless backed up by facts or proven by actions.
LIES!!! No “prediction” uttered here is valid. It’s all assertions based n NOTHING.
And while we are at it, the reason Kamala and her whole party of imbeciles lost is because every speech and communication they offered was full of assertions and theories on Trump and what “would” happen if he became President while Trump laid out the FACTS of the effects of the Biden/Harris disaster of a presidency and an actual game plan of what he would do about it. And at the end of the day 60% of American instinctively know the difference…
The country has been here before…
The Smoot-Hawley tariffs of 1930s imposed tariffs on 20,000 imported goods. The rational was to protect American products and encourage American manufacturing. The result was a worsening of the Great Depression as prices increased but the predicted Renaissance of industry did not emerge. That drove Herbert Hoover out of office and put Franklin Roosevelt in office and America on the path to socialism.
Here’s the Wikipedia summary of the Smoot-Hawley tariffs for those who do not believe that history could repeat itself.
And leave us not forget that they were POSITIVELY APPOPLECTIC in being sure that Trump, if he won, would UNDOUBTEDLY do to them what they had JUST SPENT 4 YEARS TRYING TO DO TO HIM!!
The beauty is being the buyer with the biggest purchasing power is that you own everyone since none of them can exist without you.
Anyway, for the most part 1930 looked NOTHING like 2025. Back then if you wanted Scotch it came from one country. Wines came from France, coffee from a handful of small countries and sugar cane from the Caribbean. Rubber came from Brazil and we bought Tequila from Mexico. Our options for sources of imports were REALLY limited.
Today Japan makes GREAT Scotch Whiskey and my favorite bourbon is made in Phoenix, not even Kentucky. In a global economy dozens of countries are supplying goods and services to the USA, and they are tripping all over each other for favored nation status to the absolute biggest richest market in the world. The entire world is our COSTCO. Trump, unlike puddin’ brain and all his socialist DEI hires, understands this.
One phone call from Trump to the Royals in KSA and they will open the faucets to OPEC to garner favor with a President they consider a friend. OPEC can bring the price/barrel down just by increasing production and give us plenty of breathing room to recover our domestic production.
BTW, Canada’s oil sands are really expensive to extract oil from so they cannot be profitable unless the price/barrel hits a certain point. A total shutdown of their oil exports would CRIPPLE THEM, and the Saudis would like to “F” with them probably just for fun AND to convince us to let them upgrade their F-15 fleet since they are our “buddies”. Oh yeah and they HATE Biden…
So an example from 95 years ago is comparing apples to beef jerky. Just a thought. Got anything more recent?
Im looking forward to the 33% reduction in my income tax! (No tax on overtime). That will be a game changer for me!
Or the possibility of no income tax at all? That would be even better!
Let us say that Trump puts a tarrif on Columbian imports. Columbian coffee becomes more expensive, so Americans buy African coffee instead. This doesn’t have much of an effect.
Now, let us say that Trump puts a tarrif on oil. The price of imported oil goes up, and after a time of higher gas prices, Americans start buying American oil again. Been there, done that.
On the other hand, protectionist policies for American export goods have historically been disastrous. What I’ve read is that Americans used to make the best ships. Then Congress began subsidizing American shipbuilders. No longer having to compete, American companies started churning out slop, and all of a sudden American ships were terrible and nobody else bought them.
I don’t know that this is true, but it’s the sort of thing we see with Boeing. Properly handled, I think tariffs could be good. Handled wrong, they could destroy us
I do definitely believe in reciprocity though.
Indeed, America in the 1930s is different than today’s America. In today’s America, the debt – money printed by the federal government – exceeds $36 TRILLION, which is more than the entire GDP. In their economic history, This Time Is Different: Eight Centuries of Financial Folly (2011) economists Rogoff and Reinhart looked at 800 years of economic data. They found that when governments print money and fail to live within their means, inflation and hyperinflation is the inevitable result.
Tariffs artificially raise the price of goods, which adds inflationary fuel to an already precarious economic condition present in today’s America that was not present in the 1930s. But tariffs in the 1930s contributed greatly to the Great Depression. Looks like we’re headed there again, but this time with a Weimar-style hyperinflation (which put Hitler in office) to boot.
I suspect that the biggest proponents of tariffs are US firms seeking to disadvantage their rivals and exclude them from the American market. For example, the 100% tariffs on Chinese EVs benefits Telsa who wants to keep its competitors out of the market. Ditto the tariffs on Korean appliances. Those tariffs are essentially a quasi-subsidy to American firms. Hmmm. Methinks Elon Musk speaketh with forked tongue when he says he wants to eliminate EV subsidies but supports tariffs on Chinese EV exports.
Tariffs on Mexico and Canada will have real inflationary impacts on the price of food imported from Mexico and lumber and oil imported from Canada. Increasing the price of new construction through lumber tariffs (and the price of existing buildings) enriches real estate investors (like the Orange man, for example), so it’s not surprising to cynics like me to see these destructive taxes imposed on importers.
Well, instead of predicting a bleak future maybe we should just give this President elected by The People a chance instead of constantly undermining every action with pure conjecture….
There will be plenty of time to criticize later if it fails and I’m sure no one will be back here apologizing for the gloom and doom predictions when he gets it right.
