Oh, yay! My $18 dog collar that’s literally on a boat from China right now is going to go up in price. For what? Because the Neanderthal in chief doesn’t understand tariffs and their impact on our economy?
https://www.washingtonpost.com/politics/2025/04/03/trump-tariffs-falsehoods-fact-checker/ The false things Trump said about tariffs during his announcement
I received an email from our national organization that said that there would be no tariffs on goods that qualify as USMCA compliant (which includes our products) and they can be traded duty free between those countries.
So that guy you voted for is crashing the market largely over a pack of lies he feels like telling? Hard to figure that guy out - seems not very honest or straightforward. Really glad he's in charge.
Look, all I'm saying is that I don't remember having a massive trade imbalance with penguins being a problem when Biden was president...
Yeah, the Lamestream Media wasn't telling you about it. Those penguins have been ripping us off for years! Also, US Military bases have tariffs against us!
Before today our portfolio was down maybe 2% from peak. US is tanking but Ex US has been up and bonds help. We are 60/40 stocks/bonds, and our stocks are 60/40 US / ex US. While the ex US portion has reduced upside in recent years it is finally helping now.
Just so you all know, The EU is infected by Chinese assists, and they are about to make a huge error in judgment. They will play tit-for-tat tariff games, and Trump will simply pick off country by county one at a time (starting with Great Britain, yes I know they had Brexit, and they technically don't count in that trading block) and dissolve that EU trading block, which I suspect was his 3-D chess move all along... that along with making fair trade deals with the rest of the world. Look for Britain to get the first big deal... and then the rest of the EU trading partner countries to make their own sweet trade deals one by one. Liquid Natural Gas...
Lol... too late, he's the POTUS. Now do Biden's false things. I'm sure that list is very long and far more damaging to America.
It's Biden's fault! Got to love it! S&P gained around 55% over Biden's last 2 years. It's down around 10% since Trump took office. And I'd wait a while before you start buying stocks. Employment reports, GDP reports, and inflation reports are likely to get ugly in the near future.
damn. You'd think $820,000 would be enough. Trump’s Washing Machine Tariffs Created 1,800 US Jobs, but at a YUGE Cost to Consumers of $820,000/job https://www.aei.org/carpe-diem/trum...ut-at-a-yuge-cost-to-consumers-of-820000-job/ President Trump’s decision to impose tariffs on imported washing machines has had an odd effect: It raised prices on washing machines, as expected, but also drove up the cost of clothes dryers, which rose by $92 last year. What appears to have happened, according to new research from economists at the University of Chicago and the Federal Reserve, is a case study in how a measure meant to help domestic factory workers can rebound on American consumers, creating unexpected costs and leaving shoppers with a sky-high bill for every factory job created. Research to be released on Monday by the economists Aaron Flaaen, of the Fed, and Ali Hortacsu and Felix Tintelnot, of Chicago, estimates that consumers bore between 125% and 225% of the costs of the washing machine tariffs. The authors calculate that the tariffs brought in $82 million to the United States Treasury, while raising consumer prices by $1.5 billion.
Yeah, and did they say thank you? No. They did wear a suit though to their meeting with Trump, so that means they only have to pay 10%. Also, we asked them for eggs to help lower the cost of eggs (lower cost imports are good for eggs, bad for everything else), and they refused!
