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Trump Does his Awesome New Tariffs. Winning!!

Discussion in 'Too Hot for Swamp Gas' started by gator_jo, Feb 1, 2025.

  1. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Whaaaa… But I thought Americans paid Chinese tariffs? That’s how tariffs work, right Trumpers?
     
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  2. ufhomerj31

    ufhomerj31 GC Legend

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    President supporters need to stop gaslighting themselves about the tariffs. Stop holding his water. The attempted implementation is a disaster. Even conservative radio host and their guest are talking about it. Heard Bill O Reilly on Buck Sexton or Brian Killmeade show saying as much. He talked about how ending DEI and deporting illegals was a big win, however, his tariffs blew up in his face and the fact he really doesn't have a plan.

    Are they in place due to drugs? For getting jobs back and manufacturing back? For getting trade back in balance and not getting ripped off? For getting rich making other countries pay for it? Just want a better "deal"? Pick a lane and stay in it, stop spewing so much nonsense.

    The GOP party needs to hold him accountable. HIS trade war is backfiring, and we won't feel the real affects for a while.
     
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  3. gator_jo

    gator_jo GC Hall of Fame

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    We shouldn't be surprised as the actions of a criminal con man play out almost exactly as we knew they would; dog and pony show on immigration and culture wars, criminality and incompetence, and very soon tax cuts.

    * Granted, nobody could have predicted the scale of the incompetence on the tariffs, or the criminality and grift of Elon Musk.

    Our country had its chance to refuse the Trump, and we blew it at every turn. At the very very least, Republican voters could have nominated a non-felon who didn't try to overturn an election.

    But since we're all in this together; we're getting what we voted for. We're getting what we deserve.

    We already know how Trump 2.0 plays out, just not the details. The real question is whether America will ever recover.
     
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  4. chemgator

    chemgator GC Hall of Fame

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    Aren't the car companies losing money on inventory sitting in a port and not selling? Apparently the loss is worth it to them because of the size of the tariffs.
     
  5. mdgator05

    mdgator05 Premium Member

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    Yes, they would be losing money. The goal is that they think prices will skyrocket or tariffs will go away. Some companies are betting on the first (by paying the tariffs) while others are betting on the latter (by storing them pre-duty).
     
  6. slocala

    slocala VIP Member

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    6 months until Christmas shopping. People gonna be panicking they can’t get the GI Joe with the kung-fu grip.


    CNN —
    Toys made in China have been exempt from tariffs since President Donald Trump’s first term. That is no longer the case.

    Last month, Trump raised tariff rates on China to 20%, dealing a big blow to the toy industry. But he didn’t stop there. Just a few weeks later, Trump was set to tack on an additional 34% “reciprocal” tariff. Then he tacked on another tariff, and another, and another.

    Now, goods from China are being tariffed at a whopping 145% rate — and that number will likely keep growing as Beijing vows to continue retaliating against new tariffs and Trump threatens to do the same.


    Toy prices in the US could increase by ‘high double digits’ because of tariffs on China | CNN Business

     
  7. rivergator

    rivergator Too Hot Mod Moderator VIP Member

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    American companies have to decide whether to pay millions in new tariffs or go without inventory. Some are suing the administration. But as one said, “its scary to oppose” Trump right now,

    Trump’s Tariffs Prompt Wave of Lawsuits
     
    Last edited: Apr 27, 2025 at 5:27 PM
  8. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Idaho based Albertsons Grocery Store is taking the strange position of telling suppliers they'll refuse to pay invoices that are increased by tariffs... LOL. Good luck with that. Deep red states think they can exempt themselves from Trump's massive tax increase by threat of default, I guess. This all seems weird since China is just supposed to cut us check to pay for these tariffs, right Trumpsters?

    Albertsons supermarket chain warns suppliers company is ‘not accepting cost increases’ over Trump’s tariffs

    ““With few exceptions, we are not accepting cost increases due to tariffs. Suppliers are not permitted to include tariff-related costs in invoices without prior authorization by Albertsons Companies,” the Idaho-based chain added, “Any invoices that include such charges without prior authorization will be subject to dispute and may result in payment delays.”
     
  9. BLING

    BLING GC Hall of Fame

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    Ha. Good luck with that.

    Sounds like Albertsons is going to have some empty shelves in a few sections of their store. 17% of groceries are imported, not a huge number but also not unsubstantial. It’ll probably impact some sections but not others (cofffees and teas, spices/seasonings, and produce come first to mind… also some dairy/cheeses, alcoholic beverages, etc). Obviously the “international” isle will get wrecked.. But at the end of the day it all really depends on what is exempted. Which at this point is anybody’s guess.


    Under a tariff regime, even the domestic equivalent (if there is one) goes up. So what’s going to happen when the competition pays more and they won’t? Empty shelf for that product or category. This is a really foolish statement by Albertsons. As I said, it really depends on “exemptions” and other shenanigans like delaying tariffs. But if tariffs happen it’s out of Albertson’s control. There is no “I’m just not gonna pay that”.
     
  10. demosthenes

    demosthenes Premium Member

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    It’s possible they have supply contracts in place that don’t allow for adjustments for tariffs. That would be dumb of suppliers but sometimes powerful corporations are able to strong arm their suppliers with very unfavorable terms.
     
  11. BLING

    BLING GC Hall of Fame

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    True. You hear Wal-Mart and Amazon playing hardball with suppliers. Not sure Albertsons is in that position, but if they have a contract maybe that buys time.
     
  12. l_boy

    l_boy 5500

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    https://www.washingtonpost.com/business/2025/04/27/trump-tariffs-us-economy/

    You know what’s going to hit the fan. This seems kind of like Covid in January / Feb 2020 - you could seethe disaster unfolding and you knew it was going to get here but it hadn’t yet.


    “Trump’s tariffs on goods from China have disrupted trans-Pacific supply chains. U.S. officials are alarmed by companies’ dwindling inventories of critical raw-earth metals necessary for a range of economic activity; Beijing restricted the metals this month. In the three weeks since the tariffs took effect, ocean-container bookings from China to the U.S. are down by more than 60 percent, said Ryan Petersen, founder and CEO of Flexport, a global shipping company. Cargo carriers that bring Asian goods to the Port of Los Angeles, the nation’s main Pacific gateway, have canceled 20 port calls next month, more than three times as many as last month, according to port data.


    The consequence will be “empty shelves in U.S. stores in a few weeks and covid-like shortages for consumers and for firms using Chinese products as intermediate goods,” said Torsten Slok, chief economist for Apollo Global Management. Fewer goods reaching American shores will mean higher prices on the goods that are in stores — as well as less work for dockworkers and truck drivers. “Significant” layoffs in trucking, logistics and retail are likely as soon as May, Slok said.


    “It feels like this slow-motion wave that’s coming toward us, but not here yet,” said Jason Furman, a Harvard University professor who served as a senior economist in the Obama administration.

    Manufacturers that rely on Chinese imports to make goods domestically are also showing signs of strain. The Philadelphia Fed’s manufacturing survey showed one of the biggest monthly drops on record, surpassed only by the start of the 2020 pandemic and the 2008 Great Recession. Business investment is also cratering in response to the uncertainty caused by the tariffs, say Furman and other economists.”