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The Trump Tariffs thread

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K1052 said:
Trade wars are fun and easy to win etc...
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Even if the Tariffs were undone today, it would take YEARS for the trust to rebuild these broken trade channels and supply chains. Prices would remain elevated for YEARS.
Which is why, by LAW, Congress must issue Tariffs. Not some demented old fool.
That is, until Congress decided to abdicate their role and function in our government. So said fool could ruin our economy and end our Democracy. Ends that Congress apparently approves of.
 
K1052 said:
About the only other thing Trump believes in besides fraud and racism is tariffs. He has for decades. But since he is of course a giant moron no evidence to the contrary is likely to convince him in his sunset years.
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We're not getting rid of racism in the US anytime soon.

Fraud probably either.

But these tariffs will soon be abandoned and never tried again by any President till we have a President who bankrupted casinos again.

MTG corporate fraud or AOC socialism are the future of the country.
 
Indus said:
We're not getting rid of racism in the US anytime soon.

Fraud probably either.

But these tariffs will soon be abandoned and never tried again by any President till we have a President who bankrupted casinos again.

MTG corporate fraud or AOC socialism are the future of the country.
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It doesn’t matter if the next president does or not. Our trading partners know any deal can be abandoned on the whim of the president. That makes us inherently non-credible.
 
fskimospy said:
It doesn’t matter if the next president does or not. Our trading partners know any deal can be abandoned on the whim of the president. That makes us inherently non-credible.
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That's why I support a national divorce or sending our russian agent population back to Russia.

As crazy as it might sound.. it's a practical solution while not being anything close to the final solution!
 
Indus said:
That's why I support a national divorce or sending our russian agent population back to Russia.

As crazy as it might sound.. it's a practical solution while not being anything close to the final solution!
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It won’t work - the red states would never let the blue states go peacefully because they are economically dependent on blue states for survival.

We will need some radical change to the constitutional order after this though, yes.
 
pmv said:
Don't know if this came up before in this thread, but on the BBC Americast podcast someone made the point that Trump's tariff increases on Brazil being explicitly tied to the conviction of Bolsonaro (who says there's no honor among thieves?) makes it very very hard to justify the tariffs being based on those Presidential 'economic emergency' powers.

In what possible way is Brazil trying its former President for corruption an 'economic emergency' for the US? But that's the basis for Trump being able to unilaterally impose tariffs, no?

www.aljazeera.com

Trump singles out Brazil for 50 percent tariffs over Bolsonaro trial

US president pointed to the criminal trial of far-right leader Jair Bolsonaro as the reason for the steep tariff hike.
www.aljazeera.com www.aljazeera.com
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coffee's about to get expensive, i hope everyone's stocked up or is it taco time again?

www.bbc.com

Bolsonaro sentenced to 27 years in prison for plotting Brazil coup

www.bbc.com www.bbc.com
 
Indus said:
We're not getting rid of racism in the US anytime soon.

Fraud probably either.

But these tariffs will soon be abandoned and never tried again by any President till we have a President who bankrupted casinos again.

MTG corporate fraud or AOC socialism are the future of the country.
Click to expand...
No, the GoP is never letting go of power. Our democracy is cooked. Even if it wasn't, the rest of the world is done with the US and is merely biding time until they're able to work out deals that work around us. It doesn't matter if a president with sense comes around later, no deal made with them would survive from one administration to the next.
 

China’s Snub of U.S. Soybeans Is a Crisis for American Farmers​

https://archive.is/liAom#selection-497.0-497.62​


For the first time in the history of their 76-year-old operation, their biggest customer — China — had stopped buying soybeans. Their 2,300-acre soybean farm is projected to lose $400,000 in 2025. Soybeans that would normally be harvested and exported to Asia are now set to pile up in large steel bins.

Since President Trump imposed tariffs on Chinese goods in February, Beijing has retaliated by halting all purchases of American soybeans.

That decision has had devastating repercussions for farmers in North Dakota, which exported more than 70 percent of its soybeans to China before Trump unveiled the new tariffs this year. Unless China agrees to restart its purchases as part of a trade deal, farmers that depend on the Chinese market will be facing steep losses that could fuel farm bankruptcies and farm foreclosures around the United States
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“The input costs for fertilizer, chemicals, cost of land, cost of equipment, all of those things are increasing,” said Josh Gackle, 50, chairman of the American Soybean Association. “And the price of the commodity is decreasing.”
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Mr. Sherlock said the standoff was particularly upsetting given that the United States spent 40 years building its soybean industry around China as its largest customer. “Are we going to lose a generation of farmers because of the trade war? I think that’s what we’re fast approaching.”
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Soybean farmers are boned and short of a massive federal bailout which may or may not come are not likely to survive at least as they presently exist. Trump's tariffs have not only collapsed their export market but also driven up all the inputs to create a (quite foreseeable) economic armageddon.
 
K1052 said:

China’s Snub of U.S. Soybeans Is a Crisis for American Farmers​

https://archive.is/liAom#selection-497.0-497.62​








Soybean farmers are boned and short of a massive federal bailout which may or may not come are not likely to survive at least as they presently exist. Trump's tariffs have not only collapsed their export market but also driven up all the inputs to create a (quite foreseeable) economic armageddon.
Click to expand...
Ramp up production of fake meat & force India to buy it
 
K1052 said:

China’s Snub of U.S. Soybeans Is a Crisis for American Farmers​

https://archive.is/liAom#selection-497.0-497.62​








Soybean farmers are boned and short of a massive federal bailout which may or may not come are not likely to survive at least as they presently exist. Trump's tariffs have not only collapsed their export market but also driven up all the inputs to create a (quite foreseeable) economic armageddon.
Click to expand...
Don’t forget about sorghum farmers too. Kinda weird how this “superfood” has been relegated to animal feed status here and the only time you’ll ever consume it is in some hippy craft beer. But China was buying tons of it and now they’re sourcing it from Brazil.

 
UNCjigga said:
Don’t forget about sorghum farmers too. Kinda weird how this “superfood” has been relegated to animal feed status here and the only time you’ll ever consume it is in some hippy craft beer. But China was buying tons of it and now they’re sourcing it from Brazil.

Click to expand...

U.S. sorghum exports to China this year through July stood at just 82,323 metric tons, down 97% from the same period a year earlier, according to U.S. Census Bureau trade data.
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Ouch....I wonder how many Billions of $$$'s the bailout will be this time? But hey, at least the socialists aren't in charge, right?
 
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