Multiple businesses anchoring with huge multi billion dollar investments in the US.....and now the latest is Apple will spend $500B dollars and create as mochas 20,000 jobs in the US.
Cue the antiquated charts from a College professor that has never worked in the real world.....
Making our own chips or parts for our fighter jets here in the US is vital to the national security of our country. When prices for goods do go up a little, it's balanced out by the citizens with productive jobs.
I think what some folks don't factor in is that we were living a pipe dream on cheap shit. Of course stuff is manufactured cheaper in China when their cost of labor is $1/hour vs the US. For the last many years we were pigs at the trough feasting on cheap goods. Trade in that 60" flat screen for a 70" after only a few years- it's cheap.
I'm no economist but it seems to me that type of economy is unsustainable as something has to give.
I’m up 15% on stocks and 20% on my retirement. There’s no reason not to believe things will go great.
That's fantastic, and I pray you're right.
What time period are you up 15%? Year to date?
Tariffs only make the stick shorter.
I realize fundamentally you don’t align with conservative values. But, you’ve flopped off about free markets. So, everyone’s stick has to be the same size. How do we do that without tariffs?
Wrong. I don’t align with your values, WVM. Your values are populist, protectionist, and isolationist - far from the conservative values grounded in the free market and free trade that I support.
Don’t for a second confuse this MAGA garbage for conservatism.
As far as dealing with tariffs, the solution isn’t more tariffs or the threat of more tariffs. All that has done is brought massive uncertainty to corporations and markets. It’s frozen investment and sidelined capital. Literally all of the “Trump Bump” is now thanks to the reality of Trump’s policies. Apparently Mr. “Art of the Deal” isn’t that savvy.
The answer to protectionism isn’t more protectionism.
Tariffs are used to effect a long term solution to fixing inequities.
The can has been kicked down the road long enough....and yes there will be some short term pin with tariffs.
Tariffs are responsible for the commitment by many companies to bring manufacturing back to the US- hundreds of millions in Chip manufacturing, vehicles and tech. Good things.
Tariffs are necessary to rectify the unfairness and bad policy of other countries. They help put political pressure on other countries, 3 examples; 1) Countries that are not respecting our borders and are allowing drugs and illegals to pass freely. 2) Countries that are not paying for their own national security but relying on the US taxpayer to fund their protection.
3) Countries like China that are stealing our intellectual property, pumping massive amounts of Fentanyl into the US
How would the supposed experts here propose to rectify these problems without using tariffs?
The Democrats choose to just look the other way and do nothing and the US has been trampled.....and it appears there are some here that still think that repeatedly getting punched in the face is a solution. Just goes to show that many do not understand the intricacies of Tariffs or still think of them only in a short term economic format.
I think things will improve when people start to look at it for what it is, long term improvement instead of, "Anything Trump does is bad"-which is clearly the case with many of these Liberal Dem politicos.
FWIW, I wasn’t referring to trump’s policies as a benchmark of conservatives. Even though most are geared that direction. Instead, I was referring to your never ending tirades of trans, queers, homosexuals, etc…. Rights. They are fundamentally different than conservative values.
You flip flop like a scatter rug. If it’s a knock against Trump you are all in.
Make a deal. Negotiate new trade agreements. Tariffs are not the “only” answer. Frankly, they are not even an answer. What they are is a thinly veiled attempt to raise government income so that Trump doesn’t completely blow up our deficit. “Fentanyl” and “unfair trade” are the excuses he’s throwing out to justify these taxes.
How is it "free trade" when other countries shut us out with high tariffs?
No one said it was. But throwing more tariffs in the mix is creating less free trade.
Anyone that says tariffs “level the playing field” clearly doesn’t know how tariffs work and what their impact is on economic utility.
The only way to get back a rightful amount of what we’ve given in these trade deals, is to get everyone’s attention. While the tariff isn’t considered a way to handle trade, it IS the way you get your trading partners to the table to negotiate those new trade deals. That’s is common sense 101.
There’s nothing wrong with disagreeing with how this president accomplishes things. But, you can’t argue against the results.
However these tariffs shake out, I’m betting everyone joins the table much quicker because of them. Mission accomplished.
Yeah, let's just tell China they have to stop pumping Fentanyl into our country....and stop ripping off our intellectual property rights. No problem...I'm sure they will bow down to the US.
The Democrat admins have played ,' See No Evil 'with Fentanyl for a long time, literally ignoring the problem. Much like they do with the Black on Black violence in cities like Chicago. Oh the irony that they are supposedly the party of the people. Reps are no better. The lower income class gets decimated by ignoring these problems. it's only when a promising college kid dies from smoking a joint he didn't know was laced with Fentanyl that the public gets upset.
Go past one of these parks in LA or Chicago...or New Orleans in the late evening and it's like a bunch of zombies walking around. It's a huge problem that affects all of us economically. Sure, the drug problem is multi faceted but the first part is to stop the drugs coming in. Yes, it's a big deal.
Just like those tariffs from Trump’s first term brought everyone to the table for new deals, right?
But, you can’t argue against the results.
You’re right. A stock market that’s given up all of the gains associated with any optimism under Trump, a negative GDP, cratering consumer confidence, and a very real risk of stagflation. Those are the results.
I don’t think they are effective tools of negotiating.
I realize fundamentally you don’t align with conservative values. But, you’ve flopped off about free markets. So, everyone’s stick has to be the same size. How do we do that without tariffs?
Was not the mediocre USMCA deal done in 2017 from the bad NAFTA deal?
"No one said it was. But throwing more tariffs in the mix is creating less free trade."
So instead of trying to get them to remove their tariffs by implementing our own we should just let them to continue to charge tariffs? Why wouldn't they continue to charge them then or even raise them?
That's not true at all. I've never said that. On principle, I'm all for sensible deregulation. That said, I think most of the times market forces are much, MUCH stronger than regulatory forces (ie, look at the oil industry - essentially the only thing that's going to get people to Drill Baby, Drill is higher oil prices).
I realize fundamentally you don’t align with conservative values.
That's false. Just because I don't align with you on every single thing doesn't mean I don't lean conservatively on A LOT of issues. The economy is one that I've always been conservative on (unless you want to move the goalposts and call this MAGA driven protectionism "conservative" and then you're right, I don't agree).
So, everyone’s stick has to be the same size. How do we do that without tariffs?
This stick analogy is a horrible one when it comes to tariffs IMO. Tariffs attempt to pick producer winners (domestic) and losers (foreign) at the expense of the consumer. They always result in overall economic loss. This is Economics 101. So to any extent tariffs may "equal the playing field" they are only doing so by causing more economic loss across the board. Ideally there are no barriers to trade and everyone's "stick" is as big as possible. But if someone wants to shorten their stick in an attempt to shorten ours, the answer isn't to make our stick shorter to try and shorten theirs back.
As a negotiating tool they are horrible. You are seeing this play out now. Industries are paralyzed. Even when there is merely the threat of tariffs on the table this is the case - companies are sidelining billions of dollars because the future is incredibly uncertain. Many companies are already pricing in the tariffs into their economics and it's killing projects. And if these are only "temporary," why would a company invest money into altering their business model if the framework under which they make these decisions is going to change in the not to distant future. These are the impacts the threat of and implementation of tariffs is already having - it's why markets are reacting the way they are.
As far as what can be done - when it comes to the carrot or the stick, I much prefer the carrot. Plenty of ways to get a deal done with positive incentives and not negative ones. Mr. Art of the Deal only seems to be a one trick pony on trade - and there's a reason I think that's the case. I think it's because he in fact really thinks tariffs are a good idea and that while he realizes they are a tax (which he needs to keep anything close to a balance budget) he can sell them as something else and people are too ill informed to know any better.
But take heart. The very wealthy are making money hand over fist on the markets now and in the immediate future and I’m sure they’ll share with the guy with the little retirement nest egg.
According to Trump, if he buys $100 worth of potatoes from you, at an agreed upon price, then he just gave you a $100 subsidy.
His “ hundreds of billions in subsidies” are the purchase price of the goods that the US consumers bought at an agreed upon price from Canada. No different than you buying groceries. Do you consider your purchase a subsidy to the store or just a mutual transaction?
If you don’t like the price that you both previously agreed to, should you just shop elsewhere or go burn the store down?
Big US steel consumers are going to get import waivers for some time. Keep US Auto selling products awhile while foreign car builders using China Brazil and Canada Steel imports will have ask more for Autos. Good for USA.
Tariffs no hurting Walmart much i see.
SuaSponte: Where did these deals come from? Who negotiated them? Were they forced onto the US under duress? Did Trump himself negotiate, approve and then even brag about the last deal? And now they are so terrible?
Let's be clear..."trade imbalance" is a description of a phenomena that - economically speaking - is more of an accounting artifact that a representation of anything "unfair" or "imbalanced." That needs to be said.
As an example, we have a "trade imbalance" with Japan on TVs. It doesn't mean that the trade relationship around TVs is unfair - it means that we import more than we export - for a variety of reasons that make economic sense. When you buy a Sony TV you aren't getting "ripped off" - the opposite is generally true, as a consumer you are benefitting from this so called "trade imbalance."
Trade imbalance and trade deficit is not by default a negative thing - usually it is far from it.
People often put their principles away when they pull out their wallet.
the same can't be said for trade and the economy. trump needs to step away, and let the right person do this job. he is not that person.
This^ implies that a country that doesn't make anything and buys all of their goods from other countries is structurally fine. It's fine...until it isn't.
The US has become totally reliant on other countries for critical components manufactured in China and other countries that without them....our economy grinds to a halt.
China makes parts for our fighters and military- what happens if they say- "No more"?
.....remember when Ford couldn't get chips for their vehicles and there were thousands just sitting there?
"the same can't be said for trade and the economy." Here you are completely wrong. He has chosen people to do these jobs as well. That you believe the economy can be judged in such a short period of time only shows your ignorance on the subject.
I don't have to remember, I know that and gave him credit for it. you'd do well to get beyond your TWS and thinking you have to defend the man at every turn. he sucks at some things, like all of us.
Jim Moore's Link
No it doesn't. There is no economic incentive to produce goods for others to consume over consuming goods that others produce. The trade deficit is not a scoreboard.
The way to maximize economic surplus is to let the free market figure these things out and not to let the government try and pick winners and losers by putting tariffs in place.
And it's never too early to judge the impact of policy on the economy. Stock markets are forward looking and they are reacting to new information - the market is saying the policy (and the uncertainty around policy) is eroding economic value already. Forecasts of GDP growth have shifted to negative levels we haven't seen since the height of the COVID pandemic. Consumer confidence is approaching lows we haven't seen since the pandemic thanks to the stagflation concerns driven by Trump's trade, federal workforce, and immigration policy.
I'm hopeful things will turn around and believe the economy is resilient, but this is A LOT of disruption that really has no precedent. The signals are pretty clear on that.
I think you, Ron, ambush, etc… ought to show Trump how to do it since he sucks so bad. While he certainly isn’t the best at something’s, he’s bound to be better at it than the likes of you
Yes, he’s stumbling through the tariffs because he is working hard to get results. I reckon setting around discussing presidential like isn’t his style. I can’t imagine why because It’s worked so well over the last 40 years for the American people.
Markets react to any stimulus. They will recover. And grow. So, pointing out movement in the market as fact that Trump sucks is narcissism. Not proof you are right.
Everybody better tighten their panties up. It’s going to get worse before it gets better. I know. Trump sucks for fighting to bring manufacturing back to this country.
Well, if you'd actually listen to what I said you'd realize I never said "policy doesn't impact markets." What I've said is that the impacts of most policy are over blown; that people tend to give far too much credit and blame to President's for things they really have no control over; and there are certain things President's have next to zero direct control over (like "Drill baby, Drill).
What is happening now is none of those things.
Yes, he’s stumbling through the tariffs because he is working hard to get results.
He's stumbling through tariffs because he thinks he can pass them off as good for the economy when the reality is they are nothing more than a tax on consumers. The markets are revealing his lies and he's having second thoughts IMO. I still think he hopes this will somehow "blow over" and he wants to pass them because he needs the tax revenue from these tariffs to not blow up the budget.
Again, I'm no economist but as a layman, it makes sense that if I am producing and selling more than I am buying and spending, as an entity, I have a trade surplus, do I not? Ergo, a positive GDP. There is an absolute incentive for me to export more than I am importing. If my neighbor is producing and selling more than he is spending, positive GDP. The ripple effect expands on out to county, state, country.
I am under no illusion that I know the intricacies of finance as well as you. I read your posts and get your stock in trade is actually that field as well as the oil industry. However, we seem to be importing way more than exporting which plays on the GDP which is as I read it, an indicator of surplus/deficit. I guess if I look at trade with the idea of my currency being an instrument of trade and trading it for a cheap Chinese TV, I'm exporting something and getting something in return. Is this what your are alluding too?
I don’t think he is passing them off as good for the economy. Everytime he’s been asked about their effects he’s plainly stated there’s going to be higher prices coming due to them.
For goodness sakes you are eating up with it.
In isolation, you are correct...however, you are ignoring other factors of GDP which are massively important. In fact, the classic GDP equation is: GDP = C + I + G + (X-M).
Essentially it says that the amount of goods and services produced is equal to the amount purchased by consumers (C), plus the amount purchased by businesses (I), plus the amount of goods and services the government purchases (G), plus the amount of goods produced domestically but purchased abroad (X for eXports), minus the amount of goods purchased domestically but produced abroad (M for iMports). You'll often see X-M represented as (NX for net exports) and when that is negative we have a trade deficit; when it's positive we have a trade surplus.
Now if the only contributors to GDP were imports and exports, you would be correct Jim. But they aren't. View it from a consumer's lens. When the economy is roaring and I've got a bunch of excess cash that I'm willing to spend my C will be really high. Now I won't spend all of that C domestically because (1) it may be more economical to buy goods from abroad or (2) certain goods we buy may only be produced abroad (think Swiss watches). But just because that leads to a higher "M," it really is driven by the fact that C is much higher. The same might be true for businesses - we may be importing a whole bunch more steel but it's because business investment (I) is massively increasing and overall pushing the GDP higher on balance. That's why I say in many ways the NX portion of the equation is an accounting tool to with the GDP equation than it is a reflection of economic health.
What is happening now is GDP is being driven negative because (1) consumer confidence is cratering and the expectation is there will be less consumer spending, (2) tariffs are freezing capital and impacting business investment...all because Trump is concerned about the trade balance which makes up less than 3% of the overall GDP.
The auto industry made him back down and now the American farmers are begging for a carve out for potash. What else?
And yeah, I'm a little biased because he's trying to destroy my kids and grandkids country and economy. It won't be as easy as he thinks.
Ricky The Cabel Guy's Link
Maybe not all Canadians.
So you would have been better off with another puppet for the 4th Obama admin? More kicking the can further down the road, importing even more illegals, spending billions of tax dollars on silly policy which is really only a way to funnel the money back to Democrats.
Where would we be if Harris was president for 4 years? Even more illegals, Gang members, drugs coming in and terrorists sneaking in to the US
The wasteful spending would blow up the deficit and we would be paying so much in interest we cannot provide many essential services for our citizens.
Other countries would continue not to pay their fair share and the US would continue to pay the lions share of the UN that would continue to berate the US
DEI would be going full bore- Merit, innovation and efficiency would continue to be bad words. Free speech would be gone
the Democrats would continue to rape and pillage Taxpayers literally stealing from them
You would be considered a criminal if you legally own a gun
Government would be so bloated and out of control.....and costing us trillions it would bankrupt the country
The Obama/Biden policy has dug us a huge hole....it's going to take more than 6 weeks to fix it.
Twenty years of GWOT, a few years of tariff war cant be that bad can it?
And again today, Trump is busy undercutting his closest administrators and trying to save face while back pedaling. The few with extreme TWS will say "he's got a plan, he's playing chess" but IMO, he's flailing and he's losing a big slice of those right-of-center voters as they watch the spontaneous and reckless trashing of responsible governance.
Gonna be a lot of senseless, needless pain in both our countries' futures and the trust and relations will never be the same again, for Canada, Mexico and many other countries.
As for the Tariffs, we will see how things go. The sky hasn’t fallen yet. Take a breath.
The April 2nd reciprocal tariffs is what I want to see. There are definitely countries that don’t play fair with the US.
Why? Why do you want more taxes? Why do you want more economic uncertainty and market volatility?
Thats Donald trumps job. Had he favored other countries over his, like many politicians and presidents have, with their policy, he wouldn’t have gotten elected. Because no matter what detractors say, that was his intent. And, people recognize that.
People also understand no matter how it shakes out, markets will recover. Their portfolio’s will be fine. And, if Trump succeeds, OUR kids and grandkids will benefit from it.
That’s his job. That’s what he was hired to do. He’s not stupid. He knows what he’s doing to markets. He also knows it’s a necessity if he does what he told Americans he would do.
No you don’t. You clearly don’t or you would not be supporting these policies. You may believe these things you type, but all they show is that you fundamentally don’t understand trade and who “benefits” from it, Justin.
I’m not a pussy. I don’t expect people to serve me. If my stuff costs more because it’s made in America, I’ll work harder to pay for it. But, what I don’t want to do any more is work harder to help residents of other countries with my tax revenue.
I’d rather have American dollars being spent on American interests. No matter the cons.
The one thing history tells us is optimism always finds a way. America will prove that true. Even if it proves harder to accomplish.
No matter how confusing the last 5 months have been for you, the majority of America identifies more with how I feel than how you feel. Nothing you say or try to insinuate is going to change that. America sees this presidents intent and is willing to bear the task.
Yeah, nothing you’ve said gives me any kind of confidence that you do - in fact, generally the opposite is true. So like a lot of things, we’ll just have to agree to disagree.
The only thing I care about is America first.
Having the government decide what industries are winners and losers and implementing policy that unquestionably, without a doubt erodes economic value and harms the average American is not “America First” IMO.
Plenty money to be made in the dip. Frankly same names that have been doing well just at a much better cost.
Just like the Deepseek fake. Great opportunity to grab some bargains.
The only way to stop product dumping in our markets is to make it equal. Like ALCOA . Now they have a chance. Bond markets our responding as they should.
Pain is only weakness leaving the body. You dont receive any benefit without some.
The only industries I see the Trump administration choosing to be winners are American industries. Which I am ok with. As for the losers well I simply don’t care.
I am sick and tired of other countries interests being put in front of our own by our politicians and elites.
Apparently, you do have to remember it. It is the same Trump who chose ALL his advisors. And you conveniently ignored the fact that not nearly enough time has elapsed for anyone to adequately and accurately assess his economic impact.
Estimated impact of Trump’s currently proposed tariffs: tax increase of $1,100 per household, loss of over a quarter million jobs, long run GDP reduction of .5%.
#Americafirst
We did the ACA, Chips Act, shovel ready bill, Covid welfare, QE printing of the dollar all of which have made our debt servicing going parabolic.
It has to be reduced by all measures possible at the nations peril. We must try something else. The country saw this, they voted for it full knowing it will not be easy.
Medicaid will and must be restructured. It can absorb these expenditures with millions more non citizens drawing from it. We are a generous nation but not to the peril of our values.
You’ve been saying this for years, spike. Frankly, IMO, there is essentially no such thing as “over valued” in the stock market. The value is what the value is.
That said, the market reacts to new info I think if the market continues to see tariff uncertainty coupled with continued deterioration in lagging indicators we very well may see bigger corrections ahead.
Bowbender's Link
But if you're someone looking to buy a Civic, a Honda shareholder, or an average American, it is bad.
Fulldraw1972's Link
This is actually hilarious, WVM. You do realize that a major contributing factor in the lead up to the Revolutionary war was tariffs, right?
Ford has to come up with a deconstruction plan for the Lightning and all its Hazmat components of the thousands sitting unsold. Staggering losses by them during Biden Administration. Near 20 billion i would just estimate offhand.
Europe will do anything to avoid a tariff increase on their autos entering US markets. Reciprocal tariffs in early April 2025 are going shake some EU governments to their very core. Give Tariffs time to even out the markets. Then we can evaluate the effectiveness.
That is why in my post above I mentioned I look forward to the reciprocal tariffs.
That is typical of his MO....he plays the bully....and he goes off script with some crazy comments. Seems that the old saying is true, you cannot teach an old dog.
That said, He is our bully and I support him. The essence of his policy is badly needed. Our federal gov is infected with liberal DEI and a lot of dead weight.
It had to be done, and there will be some pain to sort it all out. I am a small business guy and understand that. Throw out the charts and the short term Econ reports- they mean nothing in the long term policy of bringing back manufacturing to the US. Trudeau and Zelensky have ticked off Trump and it's obvious some of his animosity is personal. I regret seeing that.
The US has been getting screwed for a long time on Tariffs in other countries. The tariff naysayers ignore this inequity. Germany and China imposes a 10% tariff on US cars. The reciprocal US tariff on German cars is 3%. How is that fair? China imposes tariffs on machinery from the US hurting American companies.
During the Biden Admin the Obama shadow gov imposed a tariff of 100% on Chinese EV's. The hypocrite libs didn't say a word...but now that Trump enacts a tariff that is a fraction of that they blow a gasket?
The domestic workers in the industry that Trump wants to subsidize with tariffs are in favor of them?? *gasp* that’s shocking.
Then their non monetary restrictions and regulations on our Autos going into the EU.
This will change, well it already has for some EU nations. At least on the tariff side.
Trump wants their markets to take a sell our Autos on an even playing field. As it is now no EU citizen is going to buy a Buick for same cost as BMW or Audi.
The White House said there was 280,000 new hires in manufacturing on the anticipation of the golden years to come due to trumps policy.
The White House announced that Canada charges over a 250% tariff on dairy products that we import. And, that reciprocal tariffs would be used to get that back in line.
Of course, we all know about the 1.7 trillion dollars of investment that’s spread over the next 5 years, that’s committed the USA last month.
I didn’t realize 90,000 factories have been closed in this country since the inception of nafta.
I started to bullet all the topics but, I gotta get back to work. But, it sounds like the president has a plan. And it sounds like it hit the ground rolling and is picking up steam. It’s a good time to be an American. With kids and grandkids.
I shutter to think had we lost this past election, Obamas 4th term.
Taken in context....The temporary tariffs Trump proposes should help rectify inequities.
Source?
This isn’t at all what the data shows.
I also do not for the life of me understand the infatuation with manufacturing jobs. Manufacturing jobs have gone away because of automation and technology more than anything else. Our economy has shifted (just like it shifted away from agriculture before that).
Why do people want to go back to the 1950s?
What could happen when we are totally reliant on other countries? Did you see where power to parts on the NE US comes from Canada ....and they are threatening to shut it down?
Did you a couple years back where Ford was totally reliant on certain chips for their trucks and they literally built the whole truck and had thousands of them sitting there unfinished missing the few chips they needed. Many were pre sold with buyers waiting for their vehicle. Then there was cases like a buddy whose new Chevy truck just stopped in the road- due to Chip...and his truck just sat there for 3 months because he couldn't get the chip.
Did you see where Europeans heating bills went through the roof in recent winters.....all because their nat gas was coming from Russia? They were held hostage by a rogue government...and it cost them dearly.
These are the kinds of things- and worse- that can happen. The potential for extortion and inflicting massive pain on US citizens is huge considering that just about everything is made over seas or has components from other countries. Also, much of the critical elements needed to make stuff is controlled by other countries.
It's a bit of a Marie Antoinette attitude to sit back as a US consumer with cheap overseas goods and just consume like pigs at the trough. I think we need to adjust our thinking. Some of that is from my dirt poor upbringing....but some is seeing how we as consumers in the US just want more and more full steam ahead- damn the consequences.
Jason’s well aware of how he words things. It’s on purpose. So he can deflect and deny doing as charged when his ego gets him in a tough spot.
Many companies are already doing this in response to the supply chain disruptions that revealed themselves during COVID. Outside of national security concerns, we should let companies decide what supply chain use best for them and not subsidize industries with tariffs.
All of the current uncertainty and souring sentiment from the protectionism and flip flopping from Trump is completely unnecessary and avoidable.
So NAFTA didn’t take jobs out of the US in the 90’s. It was automation? Right, there are plenty of towns that died out when the factory’s left in the Midwest.
You are right on the automation though. Just wrong time line. It is what is going to bring Apple back to the US. In the future our I Phones will not be built by Chinese slave labor. They will be built by robots.
Many companies are already doing this in response to the supply chain disruptions that revealed themselves during COVID. Outside of national security concerns, we should let companies decide what supply chain use best for them and not subsidize industries with tariffs.
All of the current uncertainty and souring sentiment from the protectionism and flip flopping from Trump is completely unnecessary and avoidable.
It certainly took some. But again, the benefits from trade more than made up for it. One need only look at what happened to per capita GDP, unemployment, and wage growth since NAFTA was implemented, particularly relative to the other countries in the deal.
If our legislation is to blame for trade deficits that hurt us, so is yours. It’s not personal. It’s the way it works when applied evenly. Which is all Americans want.
The USMCA was a little better. Now we are going reciprocal in April until manufacturing decides to move north and some move back south.
If the giant German Siemens is not willing to lose its tariff advantage and rather buildout in USA for future that signals to other German behemoths “they not wIting 5 yrs to stRtup”.
German main exports abroad are engineering components, servicing, building and consulting. The shift is already occurring. Lets see what BASF does?
CM says we need a trade “balance”, I guess he means sell a dollar’s worth, but a dollar’s worth? But at one tenth the population, that is not possible. That’s not a choice, it’s just math.
So if we can’t buy more, then you want to just buy less until it evens out? What do you want to buy less of? Lumber, oil, energy, fertilizer, metal and minerals, maple syrup, back bacon and hockey sticks?
I also realize you are just being honest about being protectionist and I appreciate that.
Fulldraw1972's Link
And, I want to be clear that when I say equal, I’m referring to the deal that both countries benefit equally. However that works out. But, it needs to be liquid and revisited often enough to stay that way. And, I trust Trump feels the same way. But, more importantly I’m certain when this works out, he will have achieved that.
Unfortunately, it was going to take this to get it done. And, there’s not been a president in my lifetime that could’ve pulled it off except Trump. That’s my prediction.
What an uncharacteristically arrogant comment. Maybe there's an infatuation with manufacturing jobs because they don't have a job that is unaffected by economic trends while drawing a solid, solid, six digit salary.
Manufacturing and automation is inexorably linked. And yes, automation has replaced many manual, repetitive tasks, it has also created many high paying machine tech positions. Yes, there are lines that run "lights out". The majority do not. They require skilled techs to operate and service the equipment. These are good jobs with solid pay and benefits. Please feel free to share everything you've Googled about automation and manufacturing.
But before you do, I work for the largest connector company in the world. Title? Automation Design Engineer. We build connectors, interposers and sockets for the likes of Dell, AMD, nVidia, Facebook, Amazon, Apple, GE (medical side, MRI's and such) etc...including numerous AI startups. In a previous life, I've implemented low eight digit automation projects for medical devices/pharma. Numerous low-mid volume proof of principle automation cells utilizing upwards of 30 6 axis robots, done to reduce the manual assembly of devices. Those lines ended up going in to full production mode. Staffed by well paid machine techs. Automated laser welding for dental instruments, cell phone components. All manufacturing jobs. All very, very well paid.
I'd prefer those jobs to stay in the states.
Unaffected by economic trends?? Not sure I can name a sector that’s been more affected by economic trends over the last few decades than manufacturing.
I'd prefer those jobs to stay in the states.
And I prefer they go where the most economic utility is provided. If that’s here, great. If we as a country benefit more economically speaking by them being outsourced or offshored (or replaced by automation), great.
Let the market decide.
One more time for the people in the back.
Trade. Deficits. Don’t. Hurt. Us.
In what world is it hurtful to get more than you give?
What do you think happens with all those dollars that get sent abroad?
Again, it’s comments like these that make me think you don’t understand trade or economics, WVM.
Uh, I was referring to YOUR job. It's easy to talk about shedding jobs when yours ain't on the line. Or ever will be.
"If we as a country benefit more economically speaking by them being outsourced or offshored..."
Is it our country you truly want to see prosper, or your own portfolio? I understand the two arent mutually exclusive, but if I was a betting man I'd bet on the latter and not the former.
bigeasygator's Link
I misinterpreted what you wrote then. That said, you clearly don’t know what I do if you think my job is immune to the economic cycle.
I just watched 20% of my colleagues get laid off. I’m watching friends with other companies in the sector deal with similar downsizing. Shedding jobs has literally been the trend in my industry for the last 10 years where employment in my sector is down over 40% during that stretch, all while productivity has increased thanks largely to breakthroughs in technology, automation, and digitalization. Don’t want to take my word for it? You can read the attached article.
My job is always on the line and I have no doubt that at some point I will likely go out on my company’s terms, not mine.
Is it our country you truly want to see prosper, or your own portfolio? I understand the two arent mutually exclusive, but if I was a betting man I'd bet on the latter and not the former.
Both. Saying they aren’t mutually exclusive doesn’t even come close to characterizing how linked those two are. My portfolio prospering is inextricably linked to my country prospering.
That’s correct, Zeke. Countries do things all the time that benefit the few at the expense of the many. Some countries are communist, too - doesn’t mean we should follow suit.
Kinda the point of this thread.
Those markets are not FREE due to the heavy imbalance of tariffs on US items in those foreign markets.
You want free market economy to decide how things pan out. Well, thats exactly what Trump Admin wants. Seems to me Mr Gator is more aligned with this Administration than his words would have you think.
Germany has a 10% tariff on our cars....we only had a 3% tariff on theirs- Fair?
Cost of labor in many of these countries like China, Vietnam, Mexico is under $6/hour, some well under. The US is appx $43/hr per the latest BLS stats I've seen. We have offset that with robotics and manufacturing efficiencies but it's not keeping up.
The claim by liberal Dems was that the Biden economy was good. many of us have pointed out the manipulation of the numbers put out by the Obiden shadow gov...and now here is another;
The most recent data from the Federal Reserve Bank of New York shows that the percentage of auto loans transitioning into serious delinquency—defined as payments overdue by 90 days or more—increased to 3% in the final quarter of 2024, marking the highest level since 2010. ____
High level of delinquency on sub prime loans. This is a window into how the avg middle and lower class citizen is doing due to Bidenomics........and it's not good when they can't pay their car loan.
Half the US unemployed? Where on earth do you come up with these hypotheticals?? Do you even know the kind of things that would have to happen for half the US to be unemployed???
To that end, this "unfair" trade that we've all been living with has resulted in full employment in the US for a sustained period of time (full employment is generally considered anything below 5%). Labor force participation for prime working age individuals (25-54 years old) is near ALL-TIME highs of 83.5%. There is no slack in the labor force.
Germany has a 10% tariff on our cars....we only had a 3% tariff on theirs- Fair?
Fair? No. Never said it was. But adding tariffs on top of tariffs only moves us away from free trade and compounds the economic loss.
many of us have pointed out the manipulation of the numbers put out by the Obiden shadow gov...and now here is another;
No you haven't. You've pointed out data collection and data reporting processes that you don't understand. And how is pointing out the delinquency rate on sub-prime loans "manipulation"?
What the data suggests is that the least credit worthy individuals are at delinquency rates of 3%. While you have to go back 15 years to find equivalent levels, this really isn't surprising given the lending and interest rate environment we've been in for the last three years when these delinquencies started to climb.
Tell me how Trump's inflationary policies of tariffs, tax cuts, and reducing the labor supply is going to result in lower interest rates any time soon?
Or is that just his plan, Beendare, add a bunch of inflation back in so that we can crater the economy and get back to a low interest rate world - albeit with massive unemployment, economic contraction, and market corrections?
Free these markets up and then you can say “ let fair open markets decide what works, whose products are selling well, which companies thrive. Not government barriers and restrictions”.
I've tried to explain it to you....and you just aren't getting it. BTW, hilarious how your question is worded. You refer to ridding our country of Venezuelan gang members as, "Reducing the labor supply" OMG, thats too dang funny.
I've seen intentional mischaracterizations but that one takes the cake.
What tax cut went into place? none
What tariff? A couple in fits and starts as a negotiating ploy to cure inequities
What "Labor Supply" did he reduce? I don't know the national stats but it's the same illegals/terrorists/ gang members that we spent over $9 billion in CA to support.
Again, Trump is barely into his term and has to unravel 4 years of horrible policy....he is starting all of these various negotiations as a bully and hard ass. I would recommend sitting back and benefitting from that.....
No you haven't. You haven't come close to explaining anything, Beendare. You regurgitate partisan talking points, and that generally aren't even on topic (like talking about delinquency rates of sub-prime auto loans). Or you talk about national security issues that are not related to the economy or the points I raised above.
What tax cut went into place? none
I didn't say that have. I said he is advocating for tax cuts, that will put inflationary pressures into the market. Are you suggesting tax cuts aren't a big part of his economic plans?
What "Labor Supply" did he reduce?
You have spent literally years talking about how the job and economic growth has been a function of expansion of the immigrant work force - both documented and undocumented workers. Now you're going to attempt to argue they haven't been a significant contributor to the labor force? Hilarious.
I would recommend sitting back and benefitting from that.....
Consumer confidence with the biggest drop since the Great Recession, negative GDP, unquestionably an uptick in unemployment coming our way, policy uncertainty and paralysis in the capital markets, $4 TRILLION in eroded equity value in the S&P alone since Trump has started enacting his agenda.
I hope these are blips, and I do believe the economy is resilient and will withstand the shocks driven by the Trump administration. But it's worth reiterating: Trump was elected on his promise to "fix" the economy - by every metric he's made it worse.
Add another big investment to the list......Siemens just announced a $10 Billion dollar investment in the US.....
What do tariffs have to do with this? The answer is nothing. Also, these investments weren't just announced. The bulk of that comes from their purchase of Altair, which was announced last year before Trump was even elected.
If you want to make a point, Beendare, you should do the research and decide whether your evidence actually backs up that point.
Weird he didn't mention fentanyl...wonder if they've completely abandoned that lie at this point?
To sit on our hands and do nothing then cry that things change is not a strategy
Actually Siemens Corp USA laid groundwork for Texas in 2019.
Truth be told Siemens is a-huge DEI touter. They saw what is happening and the shifts in the US’s policies. There is only one reason why Siemens is rushing into Mi with lifecycle AI generated software. US Auto has a huge priblem with how to get rid of junk EVs that are full of Hazmat. What happens when the GVT steps in and starts funding EV subsidies and creating mandates. You can bet Ford wishes it did not put the EV cart before the gas Horse power. .
Cunnucks threaten to shut down power to USA today.
Tariffs on their Steel and Alum back to 50%.
Funny how some of our Americans in the border states like NY MI VT ME Wis just live a little further north they would be paying over 50% in income taxes in some cases. Their cost of living be much more if they were as well.
The US gov is seriously Effed up due to Democrat policy; DEI and Marxist type regulation. Then there is massive horrible spending on climate initiatives that anyone with 1/2 a brain realizes its like spitting in the ocean- especially when other countries like China are cranking out Coal fired power plants every day [more than 1100 currently]. The Obiden policy was virtue signaling and like wearing hunting boots in a 100yd dash race. .
Sorry for sounding like I'm instructing a 6th grader here....but Its going to take awhile to unwind all of the Obiden destruction with some tough negotiations to fix it all - more than 8 weeks for sure, eh?
Why do the liberals of the US never admit the fact that the Biden shadow admin is to blame for royally screwed things up necessitating these drastic measures?
The simple facts; Most of the promised foreign investment in the US during the Biden Admin is because he was PAYING THEM to come with huge incentives. [Much like their vote buying strategy of using taxpayer dollars to boost the Dem politicians.]
You realize the latest round of Trump flip-flopping and teeth gnashing is with Canada - a country that HE HIMSELF negotiated our current trade deals with.
The reality is that all of the economic uncertainty and chaos is a direct function of Trump's approach. This notion that he has to "break it to fix it" is a fantasy and a justification for what is just poor policy.
No doubt he thinks his policy is great - that tariffs are a panacea that are going to allow us to raise funds to pay down debt, re-negotiated trade deals, onshore jobs, and balance trade. The problem is tariffs cannot do all of those things (many of those aspirations are actually contradictory) and they carry much more economic downside - you're seeing that play out real time.
I know that’s hard on your TWS
And more unnecessary chaos and uncertainty to end up right back in the same place we were. This is winning?
Its really moot since in a few weeks all is going reciprocal. There is no earthly reason for Cunnucks not to just go full reciprocal? You can jump up and down….. There dollar is worth 62 usd. They want to be in Nato but pay only 1.8% gdp. Have high cost of living, high tax rates, weapon laws like the EU.
I was in Bn Fob in RC South during GWOT. We had to take back the sector from Canada. The AO was death on a stick right out the ECP. They had made a deal with the Taliban. “ you dont fight us , we wont fight you”. Great way to impose your will! Cost us a lotta good USA lives and $$$$ to fix the place. Basically when they left this FOB looked like it was a broke down refugee camp.
Forgive me if i dont cotton to anything Canadian. Making a parle with the enemy was good fit for them i guess?
Counter insurgency Ops little different than piling into WW1 trenches and dying from mustard gas artillery my friend.
I wouldn't spend a US plug nickel in the GWN. Not that youz bad folks just have bad infected/elected leaders.
HBC really went bankrupt due to DJT uncertainty? Oldest Co in Cunnuck land? Let me guess the taxpayer up there going pay for the saving of the Co? Laugh laugh, cry cry give ya an RC Coke and a Moonpie.
Any decision he makes to better our country I agree with. I just happen to think a lot of what he’s doing (a lot, not everything) is not bettering our country, particularly in the space of the economy.
I’ve been discussing this topic for quite some time on this thread, particularly as so many people on here wanted to argue that the economy was bad or broken. We keep going down this path you’re going to see what bad and broken looks like. And let me be even more clear - that sentiment is in no way, shape, or form an endorsement of the last administration, which I also thought was awful.
What Trump is attempting to do takes time and will likely cause short term discomfort in a variety of areas. People elected him to make radical changes, not mess around at the edges, and that is exactly what he is attempting to do. I want a better country for our children and grandchildren and if a total reset in terms of what "free trade" means is what it takes...so be it.
Now you’re saying how bad Bidenomics were. Next we will hear how Gvt having huge agencies with plush federal workers, big gvt are great for the economy. That was Bidenomics. These kind if people will never go for supply side economy, never.
Huge Gvt the employs everyone and runs everything is great for them i guess.
Good thing the employment rate is at 95% or more.
Joe and Heels Up ran nation and picked winners and losers by fiat.
Now Harris wants a shot at Cali. I say if CA votes her as Gov they better be prepared to go it alone on alot of funding.
I did say it’s good - that many of the leading and lagging indicators were trending in the right direction and that our economy is still the envy of the world. That’s still my opinion.
What I’ve never said is that it’s a result of anything the prior administration did. IMO it was largely in spite of them, not because of them.
Again, most people react to every headline and don’t fundamentally have the foundational knowledge in economics, finance, or business to critically think through the impact of policy decisions. Biden was like a lot of his predecessors - a lot of bark, not a lot of bite. They take headline grabbing actions that don’t have any meaningful consequence to the economy - like banning oil drilling in places no one wants to drill for oil. Trump is taking a different approach.
Like the way Pete Navarro lays it out. BLUF.
Be interesting to see what occurs after he first week of April.
SuaSponte's Link
They are going to pull out every Stalin , Hitler apocalypse story.
If it goes tit for tat with EU they cant hold out. The wealthy nation states will eventually have to bail on the Euro as these countries who just rely on Germany France to hang on as is now.
They will all jump the TDS, MDS bus….
Yes.
So how would you suggest we achieve reciprocity? Ask them nicely?
If tariffs were bad any nations economy they would not be used so widely.
If he thinks he can just bully other countries in to doing things his way he is going to be mighty disappointed. Strength comes through words less spoken.
The uncertainty created by Trump as it relates to his economic policies will make and are making the American consumer cautious with their spending. Which will lead us straight to a recession.
When citizens vote many issues are at the fore front. This last election social issues and immigration were 2 of the main issues but ultimately people vote their pocket books and how well they perceive the economy is doing. It is and will always be "It's the economy, stupid."
Of course you're being sarcastic with the "ask them nicely" comment, but in short - yes. You act like a trade deal has never been made without first having to start a trade war. In the end, I much prefer the carrot to the stick.
buckhammer gets it. The reality is there isn't even a coherent plan, and that's what's spooking the markets and the economy. One day tariffs are on, then they're off. One day it's about fentanyl, then it's about fairer trade deals, then it's about raising revenue to balance the budget - multiple goals that are actually contradictory in nature. Not only is it impacting consumers, businesses have no idea how to plan or what to expect in the short or long term.
I'm guessing tariffs aren't 100% bad
Tariffs are "good" in the same way taxes and subsidies are "good."
This is where I think you and I disagree. I actually think there is a clear articulate plan"...just not articulated to you, and BEG, and many others like you that think Trump is a bumbling fool. In any negotiation process you NEVER let the opposition know what your exact plan is...unless of course you want to be taken to the cleaners...Just like we have been for decades.
Furthermore, regarding "clear articulate plans."
Like the great philosopher Mike Tyson once said...
"Everyone has a plan until they get punched in the face."
Once that happens, you have to call an audible.
So do I. Unfortunately, the carrot has been tried unsuccessfully for decades.
Bet ours is lower here. Bet i can go anywhere in nation and get an elective surgery in 30 days or less.
Ricky The Cabel Guy's Link
Yep…high time to put the carrots away and get out the stick.
VDH is good.
Spend way less time gobbling up the little shitballs from the clickbait sites that algorithms flood your computer with.
And maybe show the same respect for Canadian soldiers that had their arms and legs blown off, that bled and died right next to US forces as you imagine you deserve.
You are that guy in real life, that when you walk into the coffee shop, all your friends are “ just leaving” even though it’s looks like they just got a fresh coffee. Hint: again, it’s you.
And maybe back off a little on your ridiculously exaggerated military comic book persona. But it probably does impress about five people here.
I know the dirt i lived in my friend. Never forgot where i came from or where i tread.
You keep chokin on those small bones. Hard to feast on the truth. You live under the blanket of Sec we have provided for 200yrs. Munch on that.
I respect all who served their nation under arms. You-had to be there. Have sen plenty men who gave it all, some who gave large pieces. So, yer shame game means little coming from your comfy fart cushion.
Lost some good guys from AK that had to unphuk Fob ZBad in RC South. Was Panjawai Province. They grew Mary J there and humped it and sold it in Paki. Dope as far as you could see. $ for the Taliterds.
Can RGT had no deep water well, 7-8 yr old tents, rats everywhere. They gave their battlespace to the Taliban . Did no night Ops, did not own any Rtes in or out.
Lost a bunch of great men getting place Gee’d up. Put a Cmdo Rgt in there, 3rd Grp A and B team, Bn of Strykers. Raid tower, bigger LZ. Was still a shithole but hey it is Boogerville.
Big difference was there were no deals with the boogers other than killing them.
I’ll add this guy to the list that of people that doesn’t understand trade.
Just because you are asked to come tall on TV (and I’m guessing this guy probably shows up on Fox News) doesn’t make you qualified to talk about a subject.
I googled this guy - his bio says he’s a classicist, military historian, and conservative political commentator.
I see no background in economics - academic or real world. He’s worked as a professor and a writer and I see no experience in business or finance - he hasn’t led a company, made decisions on how to allocate capital, or run any operations from what I can see.
The way he treats the trade balance it’s clear what he is - he’s a biased politico who’s parroting the same partisan crap coming from the administration. So not really sure why I should care about this guy’s opinion, but I know y’all are addicted to that confirmation bias.
Trump has a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania and has spent the last 50 years engaged in a variety of "real world" international businesses, and has a net worth of somewhere between $5-$10 billion dollars. Even so, you seem to think he knows nothing about economics...apparently not as much as you.
How does your resume compare?
So while I don’t have Daddy’s money to buy real estate or bankrupt casinos, I’ll put my knowledge of markets and the economy up against Trump (the man who thinks foreign countries pay tariffs and who doesn’t view lower prices and Drill baby drill as mutually exclusive ideas) any day.
Saying VDH is not not worthy is like saying Thomas Sowell was a kook or William F Buckley Jr was just blabbering fool. Some folks will never get it.
So unlike Trump, you have no degree in economics, I'm assuming (correct me if I'm wrong) you've never actually owned a business, never been elected to any public office let alone POTUS, never been sought after by major media outlets to speak or write on any subject, your only audience, as it were, is a group of bowhunters...most of which don't agree with much of what you say.
Many companies...including some of the most successful in the world, have filed for bankruptcy...more than likely including the one you work for...numerous times...for a variety of reasons.
Lastly, there are very few companies that haven't borrowed money from family, banks, and private equity to get started and operate.
Yet somehow...because you have an internet connection and can access google...you think you know more about economics and trade than Trump, Lutnick, Bessent, and Greer.
Got it.
Have you ever looked into what coursework goes into obtaining an MBA?
Most programs have this for example:
Core Courses: Accounting: Covers financial accounting, managerial accounting, and financial statement analysis. Finance: Explores financial management, investments, and corporate finance. Marketing: Focuses on marketing strategy, consumer behavior, and digital marketing. Operations Management: Examines supply chain management, logistics, and process improvement. Leadership and Organizational Behavior: Covers leadership styles, team dynamics, and organizational culture. Economics and Statistics: Provides a foundation in economic principles and statistical analysis. Business Law and Ethics: Explores legal and ethical issues in business. Strategy: Focuses on developing and implementing business strategies.
I think completing an MBA from a good school certainly offers one the foundational knowledge to render an opinion on this particular topic.
No, as I said I have an MBA from a Booth, which I'm happy to hold up against a bachelor's in economics from a lower rated institution.
more than likely including the one you work for...numerous times...for a variety of reasons.
It hasn't.
Yet somehow...because you have an internet connection and can access google...you think you know more about economics and trade than Trump, Lutnick, Bessent, and Greer.
LOL, nice try. No, it's because I've what I've learned - via my schooling, via on the job learning, and via my own research. Not because of google. Ideologically, the opinions of thinkers like Friedman, Fama, and Becker resonate most with me. In terms of current policy, I put much more faith in Wall Street and the C-suite's opinions on what's best for the economy than I do Trump's and the yes men that he's brought into his administration.
I didn't say otherwise. I simply said from a comparison standpoint...Trump's resume is much more impressive.
In addition to that, anyone with "real world" experience would know that bankruptcy isn't necessarily indication of poor business acumen (often just the opposite)...nor is borrowing money from family for a startup.
Unequivocally, yes.
You certainly alluded to it by pointing out I don't have an undergraduate degree in economics.
If you polled executives, bankers, or anyone else whose opinion matters on this what degree - a bachelors in economics from an Ivy or an MBA from a top an M7 school - is more valuable and meaningful in the context of business, finance, and the economy I can almost guarantee you their answer won't be an undergrad economics degree.
Really? What "major oil company" do/did you work for?
I'd be willing to bet any amount of money that the company has had acquisitions and/or subsidiaries or divisions that have been spun off, reorganized, or filed for bankruptcy.
That's not what you said. You said and I quote "Many companies...more than likely including the one you work for…have filed for bankruptcy...numerous times." I don't work for any subsidiaries or spinoffs.
So tell me how many times Shell, Chevron, or Exxon has filed for bankruptcy.
I don't think you can label as "twist and contort" a direct quote from the poster being responded to.
On the other hand, going from: "Many companies...including some of the most successful in the world, have filed for bankruptcy...more than likely including the one you work for...numerous times...for a variety of reasons."
to: "I'd be willing to bet any amount of money that the company has had acquisitions and/or subsidiaries or divisions that have been spun off, reorganized, or filed for bankruptcy." certainly qualifies at minimum as moving the goalposts.
I, like I hope everyone here, have no problem with honest arguments; it's those of the dishonest variety I take issue with.
Victor David Hanson has been right on the money for a long time....a good source.
to: "I'd be willing to bet any amount of money that the company has had acquisitions and/or subsidiaries or divisions that have been spun off, reorganized, or filed for bankruptcy." certainly qualifies at minimum as moving the goalposts."
With all due respect, I didn't move the goal posts at all. I believe it was a fair comparison to Trump. Some of Trump's businesses filed for bankruptcy but many did not...nor has Trump ever filed for personal bankruptcy.
Take his casinos for example. While they filed for bankruptcy, the entire Trump Organization did not. The casinos were just one part of the Trump organization. No different than any large company using bankruptcy laws. I have zero doubt that while Shell, Chevron, or Exxon have not filed bankruptcy...companies owned by them most certainly have. Just like Trump.
With all due respect, you did.
Nonetheless, find me a Shell operating unit or wholly owned subsidiary of Shell that’s ever declared bankruptcy.
Ricky The Cabel Guy's Link
I have zero desire to go down this rabbit hole with you because it will never end, but I did a 2 minute search and came up with the one example at the link.
Having said that, even the notion that none of those three companies have never had one of their subsidiaries go bankrupt in their history is laughable. I just don't care enough to spend any time researching it.
It’s ok to admit you’re wrong, again, Ricky.
Hahaha You go to school of the limp noodles?
So, with that logic you should buy all the Boots Walgreens stock you can now.
bigeasygator's Link
I knew this would go down a rabbit hole, it always does with you.
For the purpose of this conversation I believe it is a distinction without a difference. The point is, and always was, some of the most intelligent and successful business people have businesses that fail.
You’re welcome to have the last word.
I just hope the powers that be are able to find you and take advantage of your superior intellect. The global economy desperately needs you.
Mighty kind of you Ricky.
While bankruptcies involve liquidation, not all liquidations are a result of bankruptcies.
As I pointed out, the liquidation in question is the result of a country exit and involves the subsequent liquidation of company assets and has ZERO to do with bankruptcy/insolvency. It is about who has a right to Shell’s assets after they’ve exited.
Anything else you wanna try and google real quick, Ricky? Or do you want to keep taking us down rabbit holes?
Takes a dictionary to plug that cake hole.
It’s laughable.
It was obvious from day one. Trump has been vocal about accomplishing multiple things with tariffs (most of them contradictory). If fentanyl was the only justification, he wouldn’t be talking about how they’re going to balance the budget, bring back manufacturing, make trade more fair, help with child care costs, and make us rich.
You just spent the last four years vehemently protesting that?!!? .
Day one….. He was tariffing in 2017.
Border shutdown took 5 weeks.
Presidents cant effect economy, borders, security. RIGHT…….
More Libtardian Slips
LOL what?? He talks about it weekly.
He never in rally ever talked about budgets. He knew he was going to spend post Covid $ to unphuk Obiden.
MAGAA gonna cost trillions. Moving out millions of illegals. If you cant even connect those dots. Your Lubtardian disease is untreatable
You’re that guy that if you saw Trump going into the little girls change room wearing nothing but a trench coat with Taylor Swift merch hanging out of the pockets, you’d exclaim, “That’s my president going in to protect the children from the tranny’s!”
We move Libtards off Earth. Cheaper than USA to be overrun by the Jung Horde.
Raise , up ante, what?
Sign Trade deal with Chyna?
I pay double for American goods, lumber, steel, medications, food. Hell, ide Mexican trk parts before Can sh!t. Mexico gonna suk it up. Cunnuckis going cry and go all Libtard and beg EU for a warm reach around.
Not possible.
SuaSponte's Link
Nice try…..
