Tariffs in the second Trump Administration [SPLIT]

[rareboy]

 

[rareboy]

‪New York Times Pitchbot‬ ‪@nytpitchbot.bsky.social‬
·
3h


Tariffs will be lifted on penguins who surrender their eggs to the US market.

by Howard Lutnick

 

[Norri]

Not true.

As long as fewer and fewer individuals own these companies, they need fewer and fewer investors and therefore, customers.

Shaving pennies can get fewer investors as big of a return as lots of pennies on a broader distribution.

This is exactly the economic theory that made so many Asians millionaires and billionaires.

Does the economic theory you refer to have a name because I am not familiar with it. And Asian millionaires and billionaires made their money by selling products to the west using cheap labor but not making cheap products.

Shaving pennies only gets you more pennies and few go into business with the goal of getting more pennies. What you describe isn’t even economics it’s just your dystopian view of the future……more science fiction than Adam Smith I hope.

 

[cityboy-stl]

Yep, let's do it again. It'll work this time. We won't have the same result. Just trust us.

 

[rareboy]

seen on bluesky:

People: Tariffs are paid by consumers.


Stupid people: Tariffs are paid by foreign governments.


The stupidest person: Tariffs are paid by penguins.

 

[rareboy]

Just a dose of reality for MAGA.

 

[Norri]

The analysis above by triserg is somewhat accurate in that the US is a big market and while China and India are larger they are also poorer so not as attractive as a market. But what he misses is Trump’s manner in going about his tariff policy, it’s not like the US hasn’t done much the same before the Japanese in the 1980s didn’t start building auto plants in the US because they would rather give those jobs to Americans rather than their own countrymen they did it to maintain their market in the US. But all that was done out of the view of the public while Trump loves to humiliate those he has leverage over and I believe the cooperation he gets will be less than it otherwise would be because when you humiliate people their spines stiffen and while they still may give in they will continually look for ways to punch back in a stealthy way.

Even if you believe in the policy you should object to the manner it is being implemented because it compromises the success of the endeavor.

 

[rareboy]

More evidence that the billionaires don't really understand how their economy works.

Union busting.

No real increases in pay for most American families.

Making people pay more while earning less.

As a Canadain who watched all the manufacturing jobs go to the southern US and Mexico with NAFTA, I would be among the first to welcome companies back to making their shit here.
In fact, Canada is in open revolt against all the food companies that shifted their ops out of our country over the last few decades.

Will it bring them back? No.

American Living Standards Are A Sacrifice Trump Is Willing To Make

Trump and his allies say short-term economic pain, through higher prices on consumer goods, is worth the glory that tariffs will bring.

www.huffpost.com

 

[rareboy]

We are already being warned of these disruptions.

This is what choking supply chains and industry shutdowns will look like.

https://www.reuters.com/business/aerospace-defense/aircraft-supplier-howmet-may-halt-orders-if-hit-by-trump-tariffs-letter-says-2025-04-04/

 

[rareboy]

 

[opinterph]

No business would purposely choose to survive on small margins.

Does the economic theory you refer to have a name because I am not familiar with it.

I think the term you're looking for is "low-cost leader." They survive on small margins through economies of scale, with a fierce attention to cost control and operational efficiency. Walmart is a low-cost leader with a relatively low profit margin. It is also the largest retailer in the world.

 

[KaraBulut]

We are already being warned of these disruptions.

This is what choking supply chains and industry shutdowns will look like.

I guess no one has told the White House that most of the key parts and components for national defense are made in the countries that he just levied tariffs on. They used to be made here but in the 90s legislation allowed the military to buy from cheaper international supplies, which put many of the domestic manufacturers out of business.

 

[rareboy]

TrumpCo. doesn't care.

All they care about is shifting the tax burden onto the middle and lower classes.

And you can bet that he'll be making deals that benefit him personally by granting exclusions in exchange for 'contributions' to his own bank account.

 

[rareboy]

 

[rareboy]

TAPPER: The European Union don't take as much as American pork because they have issues w/ hormones used in pork. It's not an issue about tariffs

BROOKE ROLLINS: (sec Ag) No no no. This is really important. Here's the bottom line. They are using fake science & unsubstantiated claims to not take our products

Awwww....poor US. Cananda feels your pain.

But as TrumpCo. guts the USDA and inspection and safety standards, who in the world will want to be importing meat or poultry from the US?.

EU consumers don’t trust US goods: a look into Trump’s trade deficit claims

Tariffs aside, regulations mean the EU rarely imports certain US products, such as meat and dairy.

theconversation.com

The other too often overlooked fact is that the US runs a big Trade surplus with the EU for services.

Simlarly, if you take energy out of the equation for trade between US and Canada, Canada runs a trade deficit with the US.

One of Tapper's best questions today was whether TrumpCo. had actually used the wrong figures as the base of the calculations as suggested by the AEI.

 

[rareboy]

 

[rareboy]

 

[rareboy]

And the firehose of lies continues on the Sunday shows.

STEPHANOPOULOS: A tariff is a tax increase, isn't it?

HASSETT: A tariff is a form of tax

STEPHANOPOULOS: And consumers pay that tax. Correct?

HASSETT (lying): No

Hassett also just told America that their plan is to not only cause a recession but also cause deflation.

Recession is horrible. It ravages the lives of those who can least afford it.

But purposefully causing deflation across the economy is generally catastrophic. Like the 1930's.

 

[rareboy]

 

[rareboy]

Only a week ago? Seems like a lifetime.

I suppose at the moment, inspite of Navarro's and Lutnick's push...autos manufactured under USMCA are kind of protected. Until they aren't.

Trump has wanted to destroy the AutoPact for years. He was definitely pissed by it in the last 4 years.

What he is working toward though is a situation where automobiles are completely unaffordable for US consumers. And where the US auto manufacturers really just get shut out of all international markets.

It is one of the reasons why GM, Ford and Chrysler now own a samller portion of the Canadian market.

The other auto manufacturers built new plants, hired people and took up where the big 3 failed.