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The Trump Tariffs thread

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HomerJS said:
If only some of us told all you Trumpers, Donald is a hateful racist incompetent fuck maybe we wouldn’t be in this mess.

Oh yeah, we did tell you and your response was that it was TDS and fake news.

And now we have it. He just trashed a great US economy right in front of your eyes
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Here's another evergreen one for posterity.

Page 2 - What’s up with the Gulf and Deplorables?

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forums.anandtech.com forums.anandtech.com
 
K1052 said:
Perhaps the only entity on the planet that Trump cannot flatter, cajole, bargain, bluster, threaten, or lie his way around.
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1744303329202.png

Careful he might bomb the bond market next.. though people would probably love bonds paying 13-17%..

Stagflation inc
 
MomentsofSanity said:
Thank the bond markets for this. They aren't buying his bullshit.
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Also, if I recall, there is still the flat 10% tariffs that went into effect. The "pause" is only on the more insane numbers (sans China). We're still going to be paying more on top of having paper savings decimated because there is a senile moron at the top surrounded by idiots and a legislative branch that could stop this at any time, but chooses not to for reasons.
 
pmv said:
Just waiting for him to get confused and announce negative tariffs (the US government will pay you to buy the stuff) before leaping into the domain of complex numbers: (10+10i)% on Canada
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I'm holding out for quaternions myself that way the tariffs won't be commutative.
 
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Indus said:
Actually incoming recession pretty soon because..

1. DOGE layoffs..
2. supply chain issues due to tariffs on China
3. loss of trust in US markets due to volatility
4. tech layoffs
5. loss of dependability on the US, leading to other countries making supply chains US proof.

Tariffs were the easiest to fix.. the storm is still coming though.
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Don't forget all the austerity in the house budget to pay for tax cuts on the oligarchs. That alone usually brings recession but add those 5 on top of everything and this is going to be a lot uglier than your garden variety recession.
 
sdifox said:
US Supreme Court already said anything he does in his official capacity is legal.
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No, I still don't get this at all. They didn't say anything he does is legal, they said he can't be prosecuted for things he does in the line of his duties. That is very different from legal and they have to make that clear in some forthcoming decisions. I expect they will.
 
K1052 said:
Perhaps the only entity on the planet that Trump cannot flatter, cajole, bargain, bluster, threaten, or lie his way around.
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TBH I don't think he's that capable a propagandist. He gets most of his ideas by watching TV, i.e. Fox News and the other right wing news media. He fills his head with their notions and they flow into his "weave." It's a nauseating concoction, what he spews, but he's not the source, it's the cohort media machine.

Something has to develop in America to defuse the explosiveness that the POTUS has by virtue of EO's. This is a potentially fatal flaw that's been exposed. There must be a solution to this or the USA has been exposed as a bust. I suppose that as much as anything is what the the bond market is showing.
 
sdifox said:
US Supreme Court already said anything he does in his official capacity is legal.
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Not being able to be prosecuted, is not necessarily the the same as making everything he does legal.

Although with how the system works currently it might as well be...
 
1744307505090.png

The heading on the chart should be "Weighted Average US Tariff". The chart was done before China's tariff reached 145%.

Chart comes from this video.

Hoover signed the bill against the advice of many senior economists, yielding to pressure from his party and business leaders. Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates.
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en.wikipedia.org

Smoot–Hawley Tariff Act - Wikipedia

en.wikipedia.org en.wikipedia.org
 
biostud said:
Not being able to be prosecuted, is not necessarily the the same as making everything he does legal.

Although with how the system works currently it might as well be...
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Law suits can be filed. The judiciary can stand up to him. He can't fire SC justices. He can say shit, he always does. SFW. He can ignore their decisions. There has to be a solution to this. At the very least, the judiciary can declare his actions illegal.

Trump's administration has claimed that they abide by court decisions, and that's looking like lip-service a lot of the time.

We most definitely are in a constitutional crisis!
 
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