Tariffs in the second Trump Administration [SPLIT]

[TX-Beau]

No resurrection, so far... 11:30AM ET.

View attachment 3032947

Well, it will take time for all those billionaires to get all of their money out of the U.S.

 

[rareboy]

 

[rareboy]

In Canuckistan, it is working.

Trump has made us not waqnt to buy American products.

Sale of Canadian products outpacing total sales, says Metro CEO

Sale of Canadian products outpacing total sales, says Metro CEO, after releasing second quarter earnings

financialpost.com

Ideally, we will will peel away our dependence on all sorts of American based food products. My partner and I had done this in 2017 and 2018, but now we and so many others have become ruthless in our search for non-USA alternatives.

 

[KaraBulut]

A little bit of history: after the big 1929 stock market crash, the US got into a trade war with Canada. It didn't go well for anyone.

https://www.washingtonpost.com/opinions/2025/04/18/trump-tariffs-smoot-hawley-great-depression/

...But by 1930, in the wake of the 1929 stock market crash and economic slowdown, congressional Republicans from farming states were adamant that farmers needed support. They allied with legislators who wanted to protect American industry and produced what they might have described as a “big, beautiful bill” that raised tariffs substantially on a variety of products, industrial and agricultural. More than 1,000 economists wrote an open letter to President Herbert Hoover urging him not to sign the bill because it would raise prices, lower the standard of living and hurt American exports. But in those days, Congress was the leading branch of government on trade (and mostly everything), and Hoover reluctantly signed the bill into law.

The global reaction then was similar to now. Countries were outraged, many retaliated, and those with the closest economic ties to the U.S. responded the most forcefully. The tariffs upended relations with America’s northern neighbor, Canada. The outbreak of protectionism infuriated Canadians, who retaliated strongly with tariffs of their own. Canadian nationalism surged, and in the elections that year — an eerie parallel to this year — the party that was seen as most authentically anti-American won.

 

[KaraBulut]

End of the day...

 

[rareboy]

A little bit of history: after the big 1929 stock market crash, the US got into a trade war with Canada. It didn't go well for anyone.

https://www.washingtonpost.com/opinions/2025/04/18/trump-tariffs-smoot-hawley-great-depression/

Smoot Hawley.

Trump never read about it and the Us apparently hasn't learned.

 

[rareboy]

Somehwhat related...Health Csre stocks get smoked as they learn how hard TrumpCo. is going to smoke Medicare and Medicaid.

 

[rareboy]

uh oh.

 

[Katiemae]

This is why there's 9.3 guns in every house. This is why we are allowed to own them. It is I that labels this administration "tyrannical"... And thanks to every brain dead republican for selling my country to a communist.

 

[TX-Beau]

This is why there's 9.3 guns in every house. This is why we are allowed to own them. It is I that labels this administration "tyrannical"... And thanks to every brain dead republican for selling my country to a communist.

There are decidedly NOT 9.3 guns in every house, nor is this the sole reason people own them. Toad is not a communist, nor is Putin, Xi claims to be - but no one sold us to him, so I have no idea what that is regarding.

...Thirty-two percent of U.S. adults say they personally own a gun, while a larger percentage, 44%, report living in a gun household. Adults living in gun households include those with a gun in their home or anywhere on their property...

What Percentage of Americans Own Guns?

Read Gallup's short answer to this common question about gun ownership, including what percentages of major demographic subgroups own guns.

news.gallup.com

...People be gettin' sloppy in my absence...

I grew up owning guns. There were mine, my four brothers' guns, my Dad's guns, and my Pops' guns, plus various and sundry, some working, some not, left over from multiple generations. There were way more than 9.3. There was a lot of talk about vermin, coyotes, rattlesnakes in the coop, deer, and feral pigs, but never once did I ever hear anyone say "tyranny." Thet whole "overthrow tyranny" is incel bullshit invented to make people posting from Mama's basement feel like they don't have tiny appendages.

No matter how many guns you own (no you are NOT ALLOWED to own comparable armament to the military. IT'S REGULATED) if the army comes for you, they'll smoke your ass from miles and miles away, and all your posturing will mean nothing.

The other sad thing is that the people who do own the guns will be defending the Toad because they think you are a pervert and deserve to die.

 

[rareboy]

How about 3.521% tariffs?

US sets tariffs of up to 3,521% on South East Asia solar panels

Several Chinese solar companies with factories across the region could face steep new tariffs.

www.bbc.com

 

[rareboy]

 

[rareboy]

 

[KaraBulut]

In the few months that Trump has been President, he's managed to lower the US economic growth forecast from 2.7% to 1.8%. Winning!

US and global economic outlook deteriorates in Trump trade war, IMF says

The International Monetary Fund says the US and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created.

apnews.com

The U.S. and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.

The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook. And in 2026, global growth will be 3%, the fund predicts, also below its previous 3.3% estimate.

And the Fund sees the world’s two largest economies, China and the United States, weakening: U.S. economic growth will come in at just 1.8% this year, down sharply from its previous forecast of 2.7% and a full percentage point below its 2024 expansion. The IMF doesn’t expect a U.S. recession, though it has raised its odds of one this year from 25% to about 40%.

Trump tariffs: US forecast to be hit hardest of major economies

The US suffers the biggest downgrade to growth among advanced economies, in the influential International Monetary Fund's latest forecast.

www.bbc.com

Global growth forecast slashed by IMF over tariff impact
The forecast for US economic growth for this year has been given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) due to uncertainty caused by trade tariffs.

Growth is now expected to be 1.8% this year, down from the IMF's estimate of 2.7% for the US in January.

The sharp increase in tariffs and uncertainty will lead to a "significant slowdown" in global growth, the Fund predicts.

The forecast for the UK has also been cut, with the economy now expected to grow by 1.1% this year.

 

[TX-Beau]

WASHINGTON ― President Donald Trump said the 145% tariffs he imposed on Chinese imports will eventually "come down substantially" as he expressed optimism about future talks to reach a U.S.-China trade deal...

MSN

OK. Yeah. Whatever. People outside the US, stop listening to this insane lunatic and look out for your own best interests. He will cause chaos for us, but hopefully, you can find a way to insulate yourself.

 

[rareboy]

They will come down because the American Republican supporters who off-shored all their manufacturing will either keep bribing Trump or strong-arming him into surrender the more they are hurt by his recessionary economy.

Of course this will only happen after they all buy back more of their stock at depression prices.

 

[KaraBulut]

They will come down because the American Republican supporters who off-shored all their manufacturing will either keep bribing Trump or strong-arming him into surrender the more they are hurt by his recessionary economy.

Of course this will only happen after they all buy back more of their stock at depression prices.

It might be too late. The ports on the West Coast have been cutting hours for staff because the imports are slowing. That's not a good sign for supply chain but it could also be an early sign of a slowing economy.

US-China Tariffs Hit Amazon, FedEx, UPS Distribution Links - TT

President Donald Trump’s tariffs on Chinese imports threaten to disrupt Southern California’s trade and logistics economy, a sector that moves a third of the nation’s container cargo.

www.ttnews.com

 

[Norri]

They will come down because the American Republican supporters who off-shored all their manufacturing will either keep bribing Trump or strong-arming him into surrender the more they are hurt by his recessionary economy.

Of course this will only happen after they all buy back more of their stock at depression prices.

No they will come down because Trump is a piker and has no real taste for risk. He likes attention and the way he handled tariffs brought him lots of it and now he’ll get more as he lowers them (or caves in). If he had to go to congress to increase tariffs he would never have brought the subject up.

 

[rareboy]

It might be too late. The ports on the West Coast have been cutting hours for staff because the imports are slowing. That's not a good sign for supply chain but it could also be an early sign of a slowing economy.

US-China Tariffs Hit Amazon, FedEx, UPS Distribution Links - TT

President Donald Trump’s tariffs on Chinese imports threaten to disrupt Southern California’s trade and logistics economy, a sector that moves a third of the nation’s container cargo.

www.ttnews.com

There's no question that Trump has killed the consumer confidence and that many companies don't want to be shipping in while they wait for tariffs to come off or be reduced or whaterver.

The chaos that this nonsense has created in global markets will resonate for many months yet..even if the US cancelled all the tariffs tomorrow...because confidence has dropped so much.

It wasn't just Smoot Hawley that created the depression. It was the collapse of confidence as countries started enacting their own protectionist measures. In Canada, the backlash against buying US products is so strong that many of them don't even need to be on the market.

Companies that used to ship through the US to Canada from China and Europe are looking at how they can bypass the US ports and tariffs.

What a mess this idiot and his know-nothing sidekick Navarro have triggered,

 

[KaraBulut]

On that topic, this just popped up at Axios:

https://www.axios.com/2025/04/23/trump-economy-tariffs-china-powell

President Trump got a scare from CEOs and markets on Monday. On Tuesday, he blunted some of his sharpest threats — signaling a softer stance on China and retreating from fiery rhetoric targeting the Fed....

• The CEOs of ]three of the nation's biggest retailers — Walmart, Target and Home Depot — privately warned him that his tariff and trade policy could disrupt supply chains, raise prices and empty shelves, according to sources familiar with the meeting.
• "The big box CEOs flat out told him [Trump] the prices aren't going up, they're steady right now, but they will go up. And this wasn't about food. But he was told that shelves will be empty," an administration official familiar with the meeting told Axios.
• Another official briefed on the meeting said the CEOs told Trump disruptions could become noticeable in two weeks.
• While that was happening, financial markets were slumping — stocks, bonds, the dollar — as investors panicked about Trump's latest threats to oust Fed chair Jerome Powell and step on the central bank's independence.