LGR4GM Posted March 24 Report Posted March 24 I wanted to expand this beyond just the Canada talk. Trump has basically put Tariffs on anything and everything he can and clearly has NO ***** clue how they work at all. Canada, Mexico, Venezuela, the EU is going to be hit soon, China, at this point what countries do not have tariffs? Russia?
SABRES 0311 Posted March 24 Report Posted March 24 5 hours ago, LGR4GM said: I wanted to expand this beyond just the Canada talk. Trump has basically put Tariffs on anything and everything he can and clearly has NO ***** clue how they work at all. Canada, Mexico, Venezuela, the EU is going to be hit soon, China, at this point what countries do not have tariffs? Russia? I think there were proposed sanctions in Russia. Not the same as tariffs and I don’t know where they’re.
LGR4GM Posted March 26 Author Report Posted March 26 Hope you don't need a car or work in the industry
LGR4GM Posted March 27 Author Report Posted March 27 Canada, German, basically the entire EU are poised to retaliate against the US over trump's stupid tariffs. China is also in this boat. It is going to get very bad, very quickly. The next 2 months will only get worse.
LGR4GM Posted March 27 Author Report Posted March 27 The key to dealing with Trump is standing up to him. He's a weak leader who caves when confronted. 1
LTS Posted Saturday at 01:57 PM Report Posted Saturday at 01:57 PM On 3/27/2025 at 9:42 AM, LGR4GM said: The key to dealing with Trump is standing up to him. He's a weak leader who caves when confronted. Like every other bully...
LGR4GM Posted 9 hours ago Author Report Posted 9 hours ago This is such a stupid response full of the ignorant, arrogant, and otherwise boastful stupidity that is Donald Trump: Quote Trump has downplayed any impact tariffs would have on prices. Asked about foreign automakers’ raising the price of their vehicles after he announced a 25% tariff on auto imports, Trump said: “I couldn’t care less. I hope they raise their prices, because if they do, people are going to buy American-made cars. We have plenty.”
LGR4GM Posted 8 hours ago Author Report Posted 8 hours ago (edited) This ... I won't call it news, so this story here is what Propaganda looks like. You will notice there is almost no explanation of what tariffs are or how they actual function. In fact they quote Navarro claiming tariffs will bring in 600 billion a year even though, that is easily dispelled by anyone who's not a lickspittle carrying water for trumps disastrous economic policies. Here there is evidence that it will raise maybe 250 billion in revenue https://budgetlab.yale.edu/research/fiscal-economic-and-distributional-effects-20-broad-tariff and here is another paper saying tariff rates would need to be massively higher https://www.intereconomics.eu/contents/year/2024/number/4/article/trump-s-2025-tariff-threats.html to raise what Trump claims they will. Note, this doesn't include the damage done to every day Americans. There is no counter point to break the narrative that is being supplied by the White House, but instead only the rose colored quotes from the President and either his press secretary or others in the administration. In fact most of the quotes in this piece come from those people talking to Fox reporters in other venues or "safe spaces" where what they say goes unchallenged. There is not explanation about the retaliatory tariffs that could impact ppl. My favorite part is where they openly admit that the plan for today is shrouded in mystery, so they are just vomiting what they are told with no ideas at all. They also quote Trump talking about how these countries will negotiate so they won't get tariffs without any sort of pushback... such as this https://www.usatoday.com/story/news/politics/2025/04/01/tariffs-trump-markets-economy-live-updates/82741953007/ or this https://www.cnn.com/2025/03/28/business/canada-tariffs-carney-trump-retaliaton/index.html or this https://apnews.com/article/eu-tariffs-trump-reciprocal-liberation-us-von-der-leyen-f840e2963db21508937e644e3cb6d974. Finally at the end we have a long segment about why they picked "liberation" day and make it sound like some great freedom from oppression has come. This shouldn't come as a surprise because the author of the piece is a right wing hack who used to work for the daily caller. But if you need an example, here you go. Propaganda. https://www.foxnews.com/politics/what-liberation-day-what-expect-april-2 Edited 8 hours ago by LGR4GM
Demoted Posted 5 hours ago Report Posted 5 hours ago 5 minutes ago, LGR4GM said: Say the tariff is 25%, the companies will add a 30% boost on the item that you will buy. So they will make lots of money off this and the working class will be the ones paying them. Also soon to come the tax breaks for the rich with tax increases for the working class.
LGR4GM Posted 5 hours ago Author Report Posted 5 hours ago Stock futures are plummeting. Stagflation is the most likely outcome, followed by massive recession. The wealthy won't feel any of this and don't care. This is trumps let them eat cake moment.
Demoted Posted 5 hours ago Report Posted 5 hours ago 4 minutes ago, LGR4GM said: Stock futures are plummeting. Stagflation is the most likely outcome, followed by massive recession. The wealthy won't feel any of this and don't care. This is trumps let them eat cake moment. The only people to ever make money during recessions are usually the extremely rich b.c the working class still needs to live themselves and purchase items the billionaire control.
LGR4GM Posted 3 hours ago Author Report Posted 3 hours ago Fox "News" doing a full court press right now to convince their flock that this won't drastically raise prices and devastate them. It's just the propaganda arm of the Trump regime.
K-9 Posted 3 hours ago Report Posted 3 hours ago There is simply no end to the BS Trump pulls out of his a$$. Trillions of dollars. Laughable.
LGR4GM Posted 2 hours ago Author Report Posted 2 hours ago Tariff rates were calculated by taking the trade deficit we had with a country and dividing it by exports. It's so ***** stupid it almost defies logic. These ppl are stupid.
Broken Ankles Posted 37 minutes ago Report Posted 37 minutes ago A little humor courtesy of Chat GPT, not my own. This is Bill Pullmans speech from Independence Day with the subject changed to the topic of Tariffs. Today, we stand not on the brink of annihilation, but on the verge of economic rebirth. For too long, our industries have been under siege, our workers forgotten, our markets flooded. But today—today, we declare our economic independence! We will not go quietly into the shadows of global exploitation! We will not vanish under the weight of unfair trade deals! We will fight for every steelworker, every farmer, every small business that has been pushed aside. Today, we reaffirm what makes this country great—its resilience, its determination, its unwavering spirit. This is not just another day. This is the day we reclaim our sovereignty! This is the day we stand up and say, “No more!” This is our Liberation Day! Not sure what happens but as LGR mentions above, stagflation is most likely. I feel sad I’m making money off this nonsense but in the Supply Chain industry it’s crazy right now. My biggest opportunities are global customers who have leveraged our US based warehouses to fulfill into Canada. But after Don-John chased away a little loophole known as Drawback, we are inundated with customers clamoring for space in our Canadian warehouse and FTZ’s. Drawback was a way to recoup the cost of the duties and taxes if delivered to the US then shipped to another country. It ended in February. So now any goods brought to the US for distribution and then exported still requires the tariffs to be paid. A simple cost benefit shows that incremental costs to ship directly to Canada and higher fees for warehousing in Ontario and avoiding 10, 20, 34 and 48% (Vietnam) tariffs makes way more sense. DJT could arbitrarily end these while these customers are in the middle of implementing changes. Or if you stay on the sidelines too long, there might be no space or much higher costs due to demand and you could be out millions of dollars in taxes that could have been avoided. Ocean, Warehousing and Transportation is boring AF, but lately it’s got some juice. For my US warehouses, losing the Export business coupled with higher prices on products manufactured in Asia means fewer blue collar workers to receive and ship. Recession seems almost unavoidable if they are not lifted.
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