Trump’s tariffs are already backfiring

Curious Cdn

Hall of Fame Member
Feb 22, 2015
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You make it so obvious that you don't understand derivatives or quantitative easing nor the bond market at all.
:)
Economically, Could Obama Be America's Worst President? - Forbes
https://www.forbes.com/sites/peterf...ally-could-obama-be-americas-worst-president/

Trump has to undo the whole effed thing - crash it back to price to market, which is going to be infinitely more difficult now that obummer had the economy literally mainlining opium for so long.

Here's to soros losing trillions in the process...
:)
How are you going to keep up your aluminum foil hat supply after that stiff tariff on aluminum?
 

Bar Sinister

Executive Branch Member
Jan 17, 2010
8,252
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Edmonton
With your example, more factories in the USA by Japanese automakers was the result. For those employed in those factories, it is a good thing. Generally I consider employment good.




It is a good thing, but the original intent of the tariffs was to support the US "Big Three" auto producers. Obviously it didn't.

So we export all our manufacturing jobs to Asia and only rich government employees will be able to afford to buy anything.


Haven't US corporations like Apple and so on already done that? The question is why doesn't the US government go after companies that export jobs and profits offshore? There is an answer to that question, of course and that is that much of the profit from off-shore manufacturing flows back to the US. Another is that foreign manufacturing keeps the prices of manufactured goods low for domestic consumers. And a third is that many of the Asian nations manufacturing products for the US economy are large buyers of US agricultural products. World trade is much more complicated than the average citizen understands.
 

Hoid

Hall of Fame Member
Oct 15, 2017
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SO we have to wait to see how much American cars that are made in Canada wil cost Americans.

Currently a Toyota Matrix made in Ontario and shipped to Califronia sells for less than that same car that is sold in Ontario - so bring on the tariffs on cars.

Long overdue.
 

Ocean Breeze

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Jun 5, 2005
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U.S. stocks sag as U.S.-China trade war talk heats up

The U.S. markets are having their worst day in June on reports that President Trump will ramp up his threats of an emerging trade war with China, with the Dow Jones industrial average sliding nearly 500 points, or 2 percent.

McDonald��s, Intel and the big industrial companies, Boeing, Caterpillar and DowDuPont, were heavy drags on the Dow.

The sell-off was global, with major European benchmarks in London, Germany, France all off by 2 percent or more.

https://www.washingtonpost.com/busi...src=al_economy/business__alert-economy&wpmk=1
 

Walter

Hall of Fame Member
Jan 28, 2007
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U.S. stocks sag as U.S.-China trade war talk heats up

The U.S. markets are having their worst day in June on reports that President Trump will ramp up his threats of an emerging trade war with China, with the Dow Jones industrial average sliding nearly 500 points, or 2 percent.

McDonald��s, Intel and the big industrial companies, Boeing, Caterpillar and DowDuPont, were heavy drags on the Dow.

The sell-off was global, with major European benchmarks in London, Germany, France all off by 2 percent or more.

https://www.washingtonpost.com/busi...src=al_economy/business__alert-economy&wpmk=1
Time to buy.
 

Ocean Breeze

Hall of Fame Member
Jun 5, 2005
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Harley-Davidson will shift some U.S. production abroad to avoid European Union tariffs imposed in retaliation to President Trump's trade policy

Monday, June 25, 2018 10:13 AM EST




Harley-Davidson, the American motorcycle manufacturer, said on Monday that it was shifting some of the production of its bikes outside the United States to avoid European Union tariffs imposed as part of a widening trade dispute.

The announcement, made in a public filing, is an early sign of the financial cost to companies on both sides of the Atlantic as the United States and Europe impose tariffs and counter-tariffs on each other.


https://www.nytimes.com/2018/06/25/...aking-news&nlid=55065696ing-news&ref=headline


Hmm.
 

Hoid

Hall of Fame Member
Oct 15, 2017
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He's just winging it.

He probably doesn't even know what a Harley is.