Buy this? Right Now? 
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Shouldn’t that thing be a baby portobello? That’s how Stormy described it…
Pete
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These “tariffs” seemed to be designed to ensure that our trade with other countries appears to be roughly equal. No surplus, no deficit. Of course, there’s a huge hole in that logic, but I’ll get to that in a moment.
The U.S. is the richest country the world has ever seen. Our GDP is larger than the 2nd, 3rd, and 4th largest GDPs combined. And, we have a consumer based economy, which means Americans like to buy things. And buy them as cheaply as possible. Because of our economy’s size, there no way to have equal trade with every country in the world.
Which comes back to that big hole. As almost everyone on these boards is aware that a tariff is a tax on the people of the country that imposes the tariff. So this equalization is subsidized by Americans.
Which means that Americans will be paying more money for goods. Unless Elon Musk starts handing out oversized cardboard checks for a million bucks to everyone, this means we will be buying fewer goods. After all, our individual budgets are constrained by our earnings or savings or debt.
Paying more for goods is, well, inflation. Higher interest rates, anyone? Being forced to buy fewer goods with the money we have leads to fewer goods being produced which leads to fewer jobs being needed. I just don’t see much good coming out of this for the American consumer.
Building more factories in the U.S. is also going to be expensive, leading to higher costs and inflation. Wash, rinse, and repeat. It’s not a panacea.
Basically, either all the other countries get richer so they can buy more American goods or we get poorer paying a boatload of “tariffs”. I’m expecting these “tariffs” to be a huge anchor on our economy.
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I told my barber I wanted equal trade, he charges me $13 dollars for a haircut. He said what do you have in trade. I told him I dig holes. He told me he didn’t need any holes dug. We are at an impasse and my hair gets longer.
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If they were designed for that, why put 10% on countries with which we have trade surplus? Why not include trade balance of services?
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That would require thought. Consideration. Perhaps even study and the advice of economists and experts.
None of those things are present in the current administration.
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DON’T listen to IDIOTS and PESSIMISTIC folks. They don’t know anything. Stay invested. IGNORE the noise.
The red circle below is 1987 crash. No one cares.
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I went out to buy a Hoover vacuum cleaner today and all I could find is ones with Trump on them.
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Because all tariffs are good!
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Because the more revenue generated by tariffs, the bigger the “JC” tax cut.
Steve
I am running a huge trade deficit with my local supermarket.
They just wouldn‘t buy anything from me!
So I am going to use TIG‘s formula and slap 100% tariff on the goods I buy from them - that will show them.
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Typical of the “how you will benefit if the income tax is repealed” stuff that shows up on my feed daily.
Steve
Well, in my defense, I did say “roughly.” 
In addition, I also see that tariffs were slapped on a small island primarily inhabited by penguins.
I’ll go out on a limb here and say that this plan was probably not the most carefully thought out plan in our nation’s history. Roughly equivalent to the plan used by Custer in his last stand.
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Penguins are cute and everything but if you let the penguins get away with something, then pretty soon the caribou will be dry humping us.
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New York CNN — There is nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields. “The cost of vehicles will go up. It’s just math. The bottom line is there is absolutely no vehicle that won’t be impacted by tariffs,” Fields told CNN in a phone interview. … Even cars assembled at US factories will likely get more expensive because they use many foreign parts. Goldman Sachs estimates the cost of foreign-made cars will increase by between $5,000 and $15,000 per vehicle due to tariffs.
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I’m trying very hard not to but you keep posting…
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Everybody ignores what comes out of this administration–especially the Excremental Output.
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Of course. That is the only way to strip those assets when the economy goes TU.
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This was not meant for STUPID people. You can ignore.
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