Trump Does his Awesome New Tariffs. Winning!!

Same here, but I think this is the ending of that episode:



So, in a way, it does kind of work to explain what is going on. Think of the bond market as the bus.

 

In a trade war, China apparently holds more cards than Trump does. The U.S. is dependent on China for 532 key product categories, which is four times as much as was the case in 2000. China's dependence on U.S. products has been cut in half since 2000. China expects higher prices to anger U.S. consumers, and they think that the tariffs will push the U.S. into recession.

It's too bad we have a mentally-disabled president. "Who knew economics could be so difficult?"

In trade war with the US, China holds a lot more cards than Trump may think − in fact, it might have a winning hand

 

So to recap this week -- no one knows what the tariff rate actually is for any country nor what it will be, no one has been collecting the tariffs due to a customs snafu, no one knows what goods will be subject to tariffs because Trump is exempting daily, both the stock and bond markets are in chaos. Did I get that right?

'It's a mess': Trump's tariffs 'not being collected' after major glitch hits ports

 

And you thought that Trump would make the government disorganized . . .

 

Trump has been reduced to BEGGING China to negotiate with him and make a deal. His officials had begged China not to initiate retaliatory tariffs, but that backfired miserably on the Trumpster. Tariffs are now officially a Trumpster Fire. How degrading, and how humiliating, for Trump.

Trump is now playing 3D tiddlywinks, while China plays chess.

Trump Is Begging China to Make a Deal Over Tariffs

 

The humiliation of Trump continues. China is giving Trump a lesson in how to run a trade war. In addition to tariffs, China is targeting products from pro-Trump states like Nebraska and Iowa, preventing them from even being shipped to China.

Forget tariffs — Beijing is already choking off US exports on the sly

 

What's with Trump and toilet paper? Whenever Trump is in office, there is a run on toilet paper. It happened in 2020, and it appears to be about to happen again. The first time was the pandemic, and the second will be due to tariffs on Canadian lumber. Does President Skidmark not use toilet paper?

The U.S. Might Have a Toilet Paper Issue Not Seen Since the Pandemic

 

The U.S. dollar hits a 3-year low under Trump. And he did it in only 3 months! The article says that this will make Trump's reckless spending "unsustainable". That does not sound like a positive review of Trump's performance.

What the sudden plunge of the dollar means for the US economy

 

Economist Peter Schiff comes out with his interpretation of Trump's tariffs. He says Trump reduced himself into a paper tiger with his "Hindenburg of trial balloons".

Donald Trump 'Reduced Himself To A Paper Tiger,' Says Peter Schiff After Comparing Tariff Rollout And Pause To The 'Hindenburg Of Trial Balloons'

 

Trump wrong that China made $1 trillion off US trade in 2024

 

Wow. Nobody would have predicted that countries would look for new suppliers for things such as these. (Sarcasm intended).

 

Not that anyone is crying for the folks the wealth all went to over the past decade, but a perfect example. High end home sales are tanking. Blaming stock losses and business uncertainty.

https://www.wsj.com/real-estate/luxury-homes/luxury-home-buyers-cancel-deals-dd588ad5

 

4x the amount. Thanks Clinton, Bush and Obama. 2 questions:
1. Does it not scare you that the US is dependent on China for pharmaceuticals and products that affect our everyday lives?
2. As a US citizen, do you prefer surpluses or deficits?

 

Do you really want to work in a factory making plastic straws for 12 hours a day for minimum wage? If the answer is no, you prefer trade deficits with certain countries.

 

The U.S. is not even close to “dependant on China” for pharmaceuticals, so you may want to get your facts straight. There are categories where we are reliant, I consider that an issue only where there are possible national security implications. Like tech and chips. Pharma might be one if we ever became reliant, but that’s not where we are. With stuff like textiles and household goods it’s 100% a non issue.

Id say everyone should prefer trade deficits with developing countries. Generally rich countries buy more goods than poor countries. You think it’s feasible for the U.S. to have a trade surplus with poor countries like Vietnam and Cambodia? How would that even work?

 

Really curious if there is even one Red hat Rogan listener who would like to defend how tariffs have been handled. The fact they went and created even MORE uncertainty today is just par for the course. Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary

"Bridgewater founder Ray Dalio said on Sunday that he’s concerned that the global monetary system will break down." Billionaire Ray Dalio: 'I'm worried about something worse than a recession'

 

Calm down and give it time. We are in the negotiating stage, nothing is set in stone at this point. It took decades to fuch it up. Ross Perot tried to tell everyone what was going to happen before NAFTA passed, he was dead on. Kevin OLeary has a lot to say on the subject of Tariffs and the Chinese.

 

Negotiating for what?

 

Give what time? There is no strategy. They do something, then undo it and threaten to re-do it. But please let us take heed of the words from the guy from Shark Tank