I have no idea if this is the correct path or not. I have to think there are very smart people preparing these plans.
I think they may have underestimated the unwillingness of this country to make any sacrifice, even for a short period of time, for the greater good. Previous generations would be ashamed.
We have a case study for this. The washing machine tariffs from the first trump term.
It's very straightforward. Tariffs went on washing machines, prices went up, imports down, a few us jobs added but nothing revolutionary.
In all the cost bore for each job was around $800k which is a terrible ROI.
The washing machine tariffs were a dud. Now he's trying it with everything. We know this won't work.
But why not? We just accept this and ask no further questions? Yes the iPhone can be manufactured in Ohio. And consumers can purchase it for around the same price.
The CEO, CFO, COO and the Executive board will make 25% less in salary and bonus.
It's all part of Trump's plan. He wants the market to go down so that people will sell stocks and use that money to purchase US Treasuries. DOJ goal to cut a trillion dollars in spending, tariffs to bring in revenue to the US Govt. Then more jobs in the USA for people in the middle class, all will result in prosperity in a year or so from now.
These two questions represent the flawed thinking that so many folks still have about this whole affair. Trump’s action was not caused by the policies of other nations. For many of them there is no concession that they can make that would change anything, because the tariffs are based on trade deficits, not on reciprocal tariffs.
This doesn’t end with other nations changing policies or giving in to our demands- we don’t have any demands. It ends when we decide to go back to what was previously status quo.
You seem like a genuinely decent, interesting & successful person. I’m sure you’ll be fine. But we’ve established this, it’s not about the secluded, impervious, independently wealthy. Frankly it has nothing to do with you.
How many iPhones do you buy 15 years dumbass? I'll gladly pay more for a couple phones to get manufacturing here. I'm a patriot.
And it doesn't take 15 years to build a factory. More like 5. And the tariffs aren't 130%. JFC hyperventilating Helen.
I'll also pay that extra hundred bucks for the new dishwasher!!!! BFD.
It just hit me, the title of this thread.
People disagreeing and having a conversation like @Gepetto and I are doing is not some stupid MAGA vs MAHA WAR!@#! It's adults having a conversation and figuring things out. That's what Congress and the Senate whom are elected Representatives are supposed to do, unfortunately they act like the original poster of this thread and seek nothing but division and low IQ nonsense.
I like how Grifter Don spent a year biiching about inflation and promising lower prices Day 1. Then he pulls this stunt and all the rubes immediately pivot to “short term pain for long term manufacturing growth!”
Sad part is, when Don takes the tariffs off they’ll just move on to the next excuse.
This shows even more how stupid you are about the market and the economy.
Please pull all of you money out of your 401k and whatever other stocks you may have. Do it now. Hurry..
I opened this thread because I searched for Springfield(I was going to make a joke about how we might all be eating dogs soon)...saw these first three posts - seemed a good time to revisit.
I really like that Strike agrees with the OP about tariffs being a bad idea, but yesterday kept posting how the tariffs were "winning". Says a lot about Strike.