Tariffs and Trade Wars and Trump....

[InTheLight]

Yes, now we're starting to win some other economic wars, thanks to Trump who you campaigned against. Had Hillary won, had you succeeded in drawing people away from Trump, the labor force would have continued to decline as it did under Obama. We're now seeing America become great again (no thanks to you).

And yes, when you lose entire industries to these trade wars, it's a bad thing. We should be making stuff here. It's part of national security. We should have our own energy and raw materials. It's stupid to do otherwise.

We're winning on just about every economic front. Is it worth it to win the battle for market share of steel and aluminum if the consequences is higher priced goods and loss of jobs? What's the point? It's looking more and more like a political maneuver by Trump to win the favor of voters in swing states like Pennsylvania, Ohio, Michigan, etc. You know, big steel producing states.

What is intrinsically wrong with having a trade imbalance with a particular country? Typically these countries turn around and use their money to invest in the United States.

Oh BTW, if you're going to get personal about this stuff I'll go back to refraining from conversing with you.

 

[Calminian]

We're winning on just about every economic front. Is it worth it to win the battle for market share of steel and aluminum if the consequences is higher priced goods and loss of jobs? What's the point? It's looking more and more like a political maneuver by Trump to win the favor of voters in swing states like Pennsylvania, Ohio, Michigan, etc. You know, big steel producing states.

What is intrinsically wrong with having a trade imbalance with a particular country? Typically these countries turn around and use their money to invest in the United States.

Oh BTW, if you're going to get personal about this stuff I'll go back to refraining from conversing with you.

How have I gotten personal? I spoke the truth about you campaigning against Trump? And you of all people don't want to get personal? LOL!

But in my defense, I think I've been quite civil. Please point out where I crossed the line.

So you say we're winning, but by doing that you're admitting Trump is winning. So why not keep winning Why not keep valuable mfg in the US? Why not trust the guy that's caused the winning and allow him to keep leading. Do you want to go back to the Bush days?

And what's wrong with winning elections? I hope Trump is politically calculating. He has an obligation to is voters (not you, of course) to do whatever he can to increase his numbers in congress. I support him 100%.

 

[Calminian]

Just noticed Gary Cohn resigned.

…GARY OUT…

Don't know if this is the direct result of tariffs, or just routine typical rotation of aids. But Gary has been trying to negotiate lower tariffs along with others like Paul Ryan.

But I don't think most realize tariffs are not the end goal. The end goal is a fair environment for American businesses. But in order to accomplish this, tariffs have to at least be on the table. Trump may negotiate them down or do away with them, but bottom line, if a country is heavily subsidizing their exports to us, we need to take into account how that might affect our domestic businesses who don't receive government subsidies. We can compete in a fair environment, but can't compete with heavily subsidized foreign products, or immoral business practices, child labor, slave labor, etc. We have to draw the line somewhere and start negotiating.

I think people are freaking out, not realizing that Trump is merely putting tariffs on the table. They might actually result in a country dropping some of their practices, and benefiting everyone. But you have to let things play out. Trump is one of the few politicians willing to do this.

 

[Use of Time]

Just noticed Gary Cohn resigned.

…GARY OUT…

Don't know if this is the direct result of tariffs, or just routine typical rotation of aids. But Gary has been trying to negotiate lower tariffs along with others like Paul Ryan.

But I don't think most realize tariffs are not the end goal. The end goal is a fair environment for American businesses. But in order to accomplish this, tariffs have to at least be on the table. Trump may negotiate them down or do away with them, but bottom line, if a country is heavily subsidizing their exports to us, we need to take into account how that might affect our domestic businesses who don't receive government subsidies. We can compete in a fair environment, but can't compete with heavily subsidized foreign products, or immoral business practices, child labor, slave labor, etc. We have to draw the line somewhere and start negotiating.

I think people are freaking out, not realizing that Trump is merely putting tariffs on the table. They might actually result in a country dropping some of their practices, and benefiting everyone. But you have to let things play out. Trump is one of the few politicians willing to do this.

Another one of those “best people” Trump has surrounded himself with. Dropping like flies and it’s not even been a year.

 

[Calminian]

Another one of those “best people” Trump has surrounded himself with. Dropping like flies and it’s not even been a year.

Yeah, but so?

 

[church mouse guy]

Another one of those “best people” Trump has surrounded himself with. Dropping like flies and it’s not even been a year.

What does a Democrat like you care? It's Paul Ryan who is too big for his britches. And Maxine Waters wants reparations--is that to help her pay California taxes?

 

[Use of Time]

Yeah, but so?

What does a Democrat like you care? It's Paul Ryan who is too big for his britches. And Maxine Waters wants reparations--is that to help her pay California taxes?

As usual, I have no idea what you are even talking about or how any of that has anything to do with this thread.

 

[FollowTheWay]

Yes, now we're starting to win some other economic wars, thanks to Trump who you campaigned against. Had Hillary won, had you succeeded in drawing people away from Trump, the labor force would have continued to decline as it did under Obama. We're now seeing America become great again (no thanks to you).

And yes, when you lose entire industries to these trade wars, it's a bad thing. We should be making stuff here. It's part of national security. We should have our own energy and raw materials. It's stupid to do otherwise.

Watch the stock market open today. It will tell you what Wall Street thinks about Trump's tariff and his firing of Cohn. Additionally, as I've said before, trade wars can topple an already-weak economy. Think it's strong? Wrong.

 

[InTheLight]

Another one of those “best people” Trump has surrounded himself with. Dropping like flies and it’s not even been a year.

Better add a name placard for Gary Cohn.

 

[InTheLight]

Watch the stock market open today. It will tell you what Wall Street thinks about Trump's tariff and his firing of Cohn. Additionally, as I've said before, trade wars can topple an already-weak economy. Think it's strong? Wrong.

1. Trump did not fire Cohn. He resigned.
2. The economy is not weak.
3. The stock market will probably start out down about 1%, then rebound and show a slight uptick for the day. The Trump tariffs--at a week old--is old news to Wall Street. I assume the market has already priced in that it believes Trump is bluffing and will narrow his tariff focus or drop tariffs all together. The next time the market will react to Trump and tariffs would be if (a big if) he implements them. This would be a percent or two reaction downward. The big hit would come if the EU and other countries follow through with their threats of retaliation.

 

[Reynolds]

We're winning on just about every economic front. Is it worth it to win the battle for market share of steel and aluminum if the consequences is higher priced goods and loss of jobs? What's the point? It's looking more and more like a political maneuver by Trump to win the favor of voters in swing states like Pennsylvania, Ohio, Michigan, etc. You know, big steel producing states.

What is intrinsically wrong with having a trade imbalance with a particular country? Typically these countries turn around and use their money to invest in the United States.

Oh BTW, if you're going to get personal about this stuff I'll go back to refraining from conversing with you.

I don't want foreigners buying up the United States.

 

[InTheLight]

I don't want foreigners buying up the United States.

You don't want foreigners to buy US Treasuries, corporate bonds from US corporations, and US stocks? Tell us why this is bad.

Sent from my Pixel 2 XL

 

[Reynolds]

You don't want foreigners to buy US Treasuries, corporate bonds from US corporations, and US stocks? Tell us why this is bad.

Sent from my Pixel 2 XL

We give up control and domestic security. I want The U.S. to run on a balanced budget and not sell T Bills, etc.

 

[church mouse guy]

As usual, I have no idea what you are even talking about or how any of that has anything to do with this thread.

You tell us why you care about Trump's staff and I'll try and explain to you what CNN didn't, okay?

 

[Calminian]

1. Trump did not fire Cohn. He resigned.
2. The economy is not weak.
3. The stock market will probably start out down about 1%, then rebound and show a slight uptick for the day. The Trump tariffs--at a week old--is old news to Wall Street. I assume the market has already priced in that it believes Trump is bluffing and will narrow his tariff focus or drop tariffs all together. The next time the market will react to Trump and tariffs would be if (a big if) he implements them. This would be a percent or two reaction downward. The big hit would come if the EU and other countries follow through with their threats of retaliation.

So here you go, FollowTheWay. Even your fellow Trump critic is not able to back you up on this.

 

[Calminian]

Better add a name placard for Gary Cohn.

View attachment 2014

Yeah, but again, so? I don't get why we're worried about the longevity of staff members. They serve a purpose, they come they go. And most of the time, they leave on good terms. Many of those departed are still supporting the President. So what's all the panic about?

 

[Calminian]

U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans
The company plans to call back about 500 employees

And this is just the start.

The con: we are likely raising the price of steel. But perhaps not as much as we think. Trump also lowered the corporate tax rate by about half. That will impact prices in the other direction.

But I think it is still likely prices might go up, considering many country subsidize their steel industry, giving their companies and unfair global advantage. That said, I don't care. If the price goes up for everyone, competition will still be fair, and no one here will get an unfair advantage. And as I've said before, I'm willing to pay a little more for an aluminum bat if it means the country's economy will be healthy.

 

[InTheLight]

Yeah, but again, so? I don't get why we're worried about the longevity of staff members. They serve a purpose, they come they go. And most of the time, they leave on good terms. Many of those departed are still supporting the President. So what's all the panic about?

Who's panicking? The point is that Trump claimed over and over and over again that he hires only the best people. Well, since he's fired many people and many other people have resigned, I'd say that canard about his hiring prowess can be dismissed.

 

[InTheLight]

We give up control and domestic security. I want The U.S. to run on a balanced budget and not sell T Bills, etc.

Explain how we give up control. Seriously, I've never heard this argument and I'd like to explore it.

 

[InTheLight]

But I think it is still likely prices might go up, considering many country subsidize their steel industry, giving their companies and unfair global advantage. That said, I don't care. If the price goes up for everyone, competition will still be fair, and no one here will get an unfair advantage.

You'll be paying more for other products, not just steel, if the EU and other countries make good on their threat to wage a trade war. Also, the jobs the steel industry regains will be nothing compared to the job losses from industries hit by EU tariffs.

And as I've said before, I'm willing to pay a little more for an aluminum bat if it means the country's economy will be healthy.

Oh, the country's economy is not healthy? When did you have your change of mind about the state of the economy?