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The Trump Tariffs thread

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I didn’t realize Trump has all this authority regarding tariffs because he declared an economic emergency. Apparently when these emergency powers are invoked, Congress has the power to put a stop to them. Guess which party just passed a bill to block that ability?



The maneuver was a tacit acknowledgment of how politically toxic the issue had become for their party, and another example of how the all-Republican Congress is ceding its power to the executive branch.

In this case, Republican leaders did so using a particularly unusual contortion: They essentially declared the rest of the year one long day, nullifying a law that allows the House and Senate to jointly put an end to a disaster declared by the president.
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Apparently, besides showing absolute fealty to trump and being complete hypocrites, cowardice appears to be a requirement (which explains our resident righties inability to even discuss let alone acknowledge any topic that deals with trumps incompetence).
 
I literally sat in yet another meeting yesterday, in which a significant chunk of business might go away because a large percent of the raw material is mined in Canada, and there is uncertainty if it will continue to be available at the same prices.

So much winning.
 
nOOky said:
I literally sat in yet another meeting yesterday, in which a significant chunk of business might go away because a large percent of the raw material is mined in Canada, and there is uncertainty if it will continue to be available at the same prices.

So much winning.
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Talked to a guy the other day who's company has deferred millions in capex because a lot of what they need comes out of Asia and Europe with months of lead time between order and delivery. Since there is no way to know if it will be subject to a 0% tariff or a 50% tariff when it shows up doing nothing was decided to be the best option.
 
nOOky said:
I literally sat in yet another meeting yesterday, in which a significant chunk of business might go away because a large percent of the raw material is mined in Canada, and there is uncertainty if it will continue to be available at the same prices.

So much winning.
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The one thing I'm starting to wonder and maybe CEO's are too.. wouldn't it be better to just move out of the US to Canada or Luxembourg and deal with standardized EU requirements?

Heck even Canada was thinking of applying to be part of the EU.
 
Indus said:
The one thing I'm starting to wonder and maybe CEO's are too.. wouldn't it be better to just move out of the US to Canada or Luxembourg and deal with standardized EU requirements?

Heck even Canada was thinking of applying to be part of the EU.
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Move what where? You can't just pick up a bunch of businesses and deposit them somewhere else. You have localized customer bases, knowledge bases of employees, invested capital...
 
Brainonska511 said:
Move what where? You can't just pick up a bunch of businesses and deposit them somewhere else. You have localized customer bases, knowledge bases of employees, invested capital...
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Yea most companies can't just pull up stakes. What they can do, especially the larger multinationals, is invest future capital in other places with more predictable regulatory regimes. Outcome is that prices go up in the US, go down elsewhere, and we loose out on economic growth compared to the rest of the world.
 
K1052 said:
Yea most companies can't just pull up stakes. What they can do, especially the larger multinationals, is invest future capital in other places with more predictable regulatory regimes. Outcome is that prices go up in the US, go down elsewhere, and we loose out on economic growth compared to the rest of the world.
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5D chess...
 
K1052 said:
Yea most companies can't just pull up stakes. What they can do, especially the larger multinationals, is invest future capital in other places with more predictable regulatory regimes. Outcome is that prices go up in the US, go down elsewhere, and we loose out on economic growth compared to the rest of the world.
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"Get in losers, we're going to crash the economy."
 
Brainonska511 said:
The techbros and hedge fund idiots thought that money just magically appeared in the US and that the government was some sort of parasite. They've never understood that the government creating a stable economic environment was the reason behind it all. Just complete, utter fucking idiocy.
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The techbros are idiots. The hedge fund guys will take a quick profit and then shift the money offshore for higher returns. They only care about short term profits.
 
brycejones said:
The techbros are idiots. The hedge fund guys will take a quick profit and then shift the money offshore for higher returns. They only care about short term profits.
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No, the hedge fund guys are idiots because they lack the understanding that the money only has value because we have a system that protects property and creates a stable economic environment. Their short-term, myopic thinking is just another form of idiocy.
 
brycejones said:
The techbros are idiots. The hedge fund guys will take a quick profit and then shift the money offshore for higher returns. They only care about short term profits.
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Reminder that the tech brains caused a run on their own bank two years ago because they are stupid and immediately screamed at the government to save them from their own total incompetence. These are the same people going "Why hasn't the government looked for fraud before like Elon is doing?". Outside of their very narrow expertise they are as useless as tits on a bull.
 
The whole trade war Trump has started with everyone reminds me of this great line from Londo (Babylon 5): "Only an idiot fights a war on two fronts. Only the heir to the throne of the kingdom of idiots would fight a war on twelve fronts."
 
K1052 said:
Reminder that the tech brains caused a run on their own bank two years ago because they are stupid and immediately screamed at the government to save them from their own total incompetence.
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The government did bail them out, and they made billions while everyone else lost. Not so stupid when you see the outcome.
 
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