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The Trump Tariffs thread

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Muse said:
Socrates
Downtown Verona, NJ 3h ago
Trump's tariff tantrums are stuck in the 1980's. Republicans can either wake Trump Van Winkle up and show him a calendar....or they can watch the Trump Depression take hold and watch it destroy 340 million American lives and wipe the Republican Party off the map for fifty years.
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Don't get this comment at all as the 80s are when all this free trade really got kicked into high gear. Crushing auto tariffs on Mexico would have been great in the early 80s to save Detroit and all the good union jobs shipped out from there. High tariffs on China in the late 80s through the 90s would have been amazing to stop their manufacturing sector before it ever got started. Of course tariffs on China now are retarded after they have become one of the dominant manufacturers in the world for decades; it's closing the barn door after the horse has run out and is three towns over. And we're never putting that genie back in the bottle via tariffs. So they're just a naked sales tax now.
 
SteveGrabowski said:
Don't get this comment at all as the 80s are when all this free trade really got kicked into high gear. Crushing auto tariffs on Mexico would have been great in the early 80s to save Detroit and all the good union jobs shipped out from there. High tariffs on China in the late 80s through the 90s would have been amazing to stop their manufacturing sector before it ever got started. Of course tariffs on China now are retarded after they have become one of the dominant manufacturers in the world for decades; it's closing the barn door after the horse has run out and is three towns over. And we're never putting that genie back in the bottle via tariffs. So they're just a naked sales tax now.
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Trump's brain is stuck forever in 1985 so to him what he's doing makes perfect sense.
 
SteveGrabowski said:
Don't get this comment at all as the 80s are when all this free trade really got kicked into high gear. Crushing auto tariffs on Mexico would have been great in the early 80s to save Detroit and all the good union jobs shipped out from there. High tariffs on China in the late 80s through the 90s would have been amazing to stop their manufacturing sector before it ever got started. Of course tariffs on China now are retarded after they have become one of the dominant manufacturers in the world for decades; it's closing the barn door after the horse has run out and is three towns over. And we're never putting that genie back in the bottle via tariffs. So they're just a naked sales tax now.
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The reason Detroit/America lost the auto industry race in the 80's wasn't price. Tariffs weren't going to save them.
 
Brainonska511 said:
Lol. The damage has already been done. Businesses are not going to invest if we're going to play the Maybe/Maybe Not game every so many days.
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Imagine putting something on a boat and you have no idea if the tariff is going to be 0% or 200% when it gets there. A lot of orders will simply not happen now.
 
SteveGrabowski said:
I was kind of freaking out because my first math midterm at UCLA I got a 70 on. One thing to blow my chem midterm because it was my weakest subject but another thing entirely to screw up a math midterm in what was by far my strongest subject. Was in a probability class taught by a guy fresh off his Ph.D from Cambridge and I guess he gave us a Cambridge level exam because turned out I had one of the highest grades in the class lol (everyone else I talked to in the class got 20-30 on it). Best teacher I ever had though was the world famous Terry Tao. The Terry Tao who was studying group theory and calculus at age 8. Nobody knew who he was back then though and he was younger than all the grad students in the class when I took a topology course from him. Yet we immediately all knew we were taking a course from an Einstein level genius and that he was 100% going to win a Fields Medal (which he did a few years later for a mindblowing result called the Green-Tao Theorem). Dude had this ability to take these crazy ideas from topology and real analysis and explain them in a way that made them seem obvious. His exams felt easy because I learned so much in his course but it was a ton of work. Still love reading his blog.

Another thing I loved about the math department at UCLA was the professors knew we were all broke as hell so a lot of the courses they'd assign textbooks that were $5 to $10.
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Never heard of Tao before. You were lucky there. For some reason topology was the one math course that had me floored. I passed it but felt utterly lost. I only passed because I followed the logic, the theorems and proofs, but I was in a daze in terms of grasping where it was going and why. I figure it was because of two factors: (1) the class was huge, probably a couple hundred, maybe more and (2) I suppose the guy teaching it lacked the ability to engage his students. Oh, and I suppose the text book was no particular help in countering (1) & (2).

"Probability." I took a statistics class, upper division, I believe, maybe 101, and it was a comprehensive introduction for people comfortable with math/science and got an A. I don't remember a lot, but some basic stuff. It's a great field, of course, in spite of what Mark Twain said about statistics. He never studied it, only saw what was said in newspaper columns, I assume. I don't know the state of statistics in Twain's day, but I suppose there was some sophistication by that time.
 
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K1052 said:
Indexes in the green after Hassett floats a potential 90 day pause except for China. We'll see.
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I figured something like this might pop up about now, some news from the administration (likely from Trump?) that would reverse the markets, at least some. Actually, I encountered that idea of a "90 day pause" last night somewhere, that wasn't just hatched.
 
Muse said:
I figured something like this might pop up about now, some news from the administration (likely from Trump?) that would reverse the markets, at least some. Actually, I encountered that idea of a "90 day pause" last night somewhere, that wasn't just hatched.
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Report was false. Please resume your regularly scheduled panic.
 
SteveGrabowski said:
Another thing I loved about the math department at UCLA was the professors knew we were all broke as hell so a lot of the courses they'd assign textbooks that were $5 to $10.
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I went back to the UC system after dropping out by enrolling at UCLA, and by then I was a math major. One of the classes I took was English and I was so enthralled by some of the reading I contemplated changing to an English major! I stuck with math, though.
 
Panino Manino said:
It seems that seeing the chinese stocks falling hard have calmed the murrican stocks.
Pre Opening is not that bad anymore.
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Whenever world markets tank it always seems that the American markets (which open later) tank less. I've seen this happen many times.
 
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