Trump Tariffs

Weakest part of US-European union deal is the promise of European investment and energy purchases.  There is no guarantee because businesses and consumers do most of the trading.  Not governments.  In first term, China promised to buy more from the US but continue regular purchases.  Since US is mostly an importer instead of a exporter, economists think high tariffs are bad.  Americans are better off with low prices, higher standard of living, employment and economic growth.  Still a bad trade deal is better than no deal because the alternative is a dumb trade war.  

Trump team FAILS to secure trade deal

 The trade war TRUMP STARTED may revert to skyrocketing back to ultra-high level tariffs with China that formed an effective blockade on trade between the world’s two largest economies.

 So now, the disgusting Sex-Offender in the Oval

       threatens India with tariffs as high as 25%

Business leaders are afraid to speak out against dictator Trump. But publicly traded companies are legally required to tell investors the truth in Securities exchange commission filings. Harley Davidson expects $130-175 million loss from tariffs. Ford $1.5 billion. Nvidia $5.5 billion.

No longer a threat....the idiot in the Oval made it real.

Imports from India will now face a 25% tariff, Trump announced Wednesday, his latest trade-war declaration in what has become a cornerstone of his second [idiotic regime].

Senate democrat Schumer calls European deal fake.  Europe has admitted that the agreement isn't legally binding and they have no control over whether investments and purchases even happen.  Similar to Japan deal which has stuff unlikely to happen or was happening anyway and therefore changes little.  Besides, there is chance of US courts ruling that Trump has no authority to negotiate tariffs under International emergency powers act and that all deals could be declared null.

It is not fake, but Trump (or his experts—I wouldn't be surprised if Trump didn't know how the EU worked) is deliberately misrepresenting what it means. Ursula von der Leyen is a marionette puppet. The EU is not a country, so it has no leader who can make decisions on its behalf. Every decision pretty much has to go through a voting process where all member states have to agree on things, and every state has veto rights. As you say, she can't make business decisions on behalf of its member states, but if they all agreed, they could "force" us to buy military equipment, etc. - so if its member states agree to this deal - it will be a reality - but I would question a lot if they will - because as I have said a billion times in here - we could completely annihilate you economically if we wanted - and they are primarily doing this because they want you to either help us with Russia or at least take a chill pill while we try to take care of us not entering a global nuclear war

Deranged Peter Navarro white house trade advisor suggests Trump deserves Nobel prize in economics because of tariffs policy.  However Jeffrey Frankel Harvard professor say the prospect of Trump winning the economics prize is beyond absurd.  No chance whatever he would be seriously considered except for a satire award.  But Trump could be remembered in history because tariffs effects may be so bad that schools teach future generations about the harms of tariffs and the value of listening to professional economists. 

aaaaaaaaaaaaHAHAHAHAHAHAHAHA 

Doug Irwin is the leading expert on the history of trade and tariffs in the US.  He warns that Trump tariffs won't reverse trade deficits, boost US manufacturing, increase exports, decrease imports or balance China.  Instead US would become less competitive against the rest of the world.  Other countries see US as a dangerous predator that cannot be trusted.  US would lose allies, business investment and economic growth. In the future,  higher federal deficits and debt.  Tariffs hurt lower income households more than higher income households.  Trump is fooling Americans and trying to make them angry at the outside world to disguise his plundering of the US.

Trump tariffs could increase cost of car insurance by 7% according to Insurify analysis.  For example, tariffs on auto parts could increase cost of repairs.

BREAKING NEWS: President Dumpty announces NO extensions will be granted after the August 1st deadline hits for tariffs. JULY 8, 2025  10:47 AM 

BREAKING NEWS: President Shit For Brains extended the China tariff deadline 90 days. AUGUST 11, 2025  2:42 PM 

TACO TACO TACO

TACO   I knew it!! 

I wonder why China doesn’t just make an “EU” or “Japan” where you promise Trump a lot - and don’t put anything in writing - that is a “win-win” and it has been proven atleast two times - we get the best deals that we can - and Trump can lie to his followers (without us ever having to put money where our mouth is) - The EU deal literally is impossible for us to live up to - just if you wonder one of the reasons Trump is a laughing stock around the world - that and because he declined a zero tariff deal with EU which is basically the best deal anyone can give you - and you had that with most of the world December 2024 if you didn’t know

In addition to the 50% tariff on copper-based goods that recently took effect, the levies “will likely ripple through the manufacturing supply chain, raising production costs across construction, automotive, and electronics sectors,” analysts at the Telsey Group said.

@fubah2

That’s all correct ! So in the future the public will digging deeper into their pockets for these products! It will be called the “ Trump Tax by anyone that has a sound working brain! The GOP can’t run away from it they in hook line & sinker!….Midterms 

It is the largest tax increase on the working class in US history. While the rich got a tax cut and tariffs don't matter to them…..Yes, increased taxes bring in more revenue. Unfortunately, these taxes are squarely placed on the lower and middle class.

Congress budget office reveals that the super rich often pay lower income tax rate than the middle class. But trend is for the rich to become richer while the lower and middle class are less successful in the long term. Furthermore, income tax cuts and higher tariffs worsen income inequality. Now U.S. has problem with powerful billionaires controlling government.

This morning I did my once a quarter trip to Restaurant Depot which is a warehouse that small businesses use to purchase items they sell so pretty much any small to midsize QSR or full service restaurant either uses them or an outfit like Sysco but pricing at RD is less than delivery because you are not paying for delivery (from experience)

I do not run a restaurant any longer but anyone who has an LLC can sign up for a membership so I will go there for a set of items I cannot find at places like Kroger or Costco or Whole Foods and buy that way knowing I will use larger quantity over a few months time.

So this trip I went with the intention of buying two or three things and maybe a few others depending on price. What I found is that the items I was considering based on price were dramatically impacted quarter over quarter due to tariffs. Ive purchased items like Chilean sea bass, high end filet/ribeye steaks, belgian chocolate etc.

What I noticed is that all items I thought would be higher priced WERE higher priced vs the first quarter time frame by between 20-30%. Seabass was higher by 30%, chocolate up by 25% and steaks were up 30%. I also noticed other imported fish items were up as much or more (like crab or lobster).

So what this means is when restaurants have to pay higher prices they either have to pass that along to the consumer or absorb the higher costs and thus have less profits and less earnings since most small to mid businesses are owner operated. THIS is the definition of tariff inflation flow through.

@wallstreetcappers

 So the problem it seems you and may other libs have is that tariffs have the potential to raise prices for consumers and/or possibly lower profits for business, right? Is it only a problem when prices are higher when it's possibly due to tariffs and the supposed to be accepted when it's just a direct increase in taxes? Isn't a tariff just another option as opposed to simply raising taxes? With raising taxes, that's it. With tariffs, there's at least options, right? 

I thought libs wanted more taxes. Inflation is just a form of tax, right? Did we have inflation from the printing of money? Or is inflation just an issue now because of Trumps tariffs? 

Profit margins in most restaurants are very small to begin with.  They can't absorb the costs and stay in business long.  They either raise their prices or keep the prices the same but reduce the portion sizes, which we see happening in many products where size or quantity are an issue

So instead of sitting down to a meal filling a large plate soon we could be sitting down to the same menu item but it only fills a medium size plate for the same price 

Since the actual price wouldn't rise, the dishonest Trump regime will claim they are doing a fantastic job for American consumers with the tariffs policy

@wallstreetcappers

 Off topic, but if you're going every few months, are you mostly getting meats and freezing? Or is it a mixed bag? Some really good pasta you can't get anywhere else, certain spices, etc.? And what kind of restaurant did you run? This is super interesting to me. Some of the old schoolers might've already known you ran a restaurant.

@BigGame90

 What does any of your reply have to do with reality and fact? Libs want this libs love taxation that...what are you talking about aside from deflection?

Trump and many of your side here have supported tariffs and minimized the potential inflationary impact that it would bring, Ive said the opposite and the FED has said the opposite that tariffs are highly inflationary and my message was just the facts. I go to RD several times a year and have been going for a decade or longer, that is a fact. I purchase certain items on a regular basis and that is a fact. Prices were higher quarter to quarter on most any item that could or is imported, that is a fact. Restaurants either have to absorb higher costs or pass them on and that is tariff inflation, that is a fact. Most small to mid size businesses are owner operated and are family income for the operator, that is a fact. I am pointing out FACT based realities, black and white receipt in hand fact. Your drivel libs taxes blah blah blah is just deflecting nonsense.

@StumpTownStu

 No comment on personal information, I wont disclose anything about me personally since in the past when i did even a SLIGHT discussion of my personal life there were many who personally attacked me with that information, a few still are members today so I will not be saying anything about what I did in the past.

Lets just say I know the difference between low, mid and high quality items and I know the value of paying a bit more to get a LOT more in return. I would rather skip consuming or making something of low quality than to get the ingredients to MAKE the high quality product. 

To answer your other question, a place like RD or Sysco will carry a very small section of high end products but the majority of the stock is mid to low quality stuff used for mass production, so for example I bought some BOUNCER flour today it is high gluten used for artisan baking and I cannot find a similar quality high gluten product anywhere else that I find performs as well so I buy a 25 lb bag of BOUNCER ever so often for home use. It is my experience that the higher end pastas or cheeses or sauces etc you will have to find an importer that carries that elite brand if you are seeking that upper end product. I buy the Callebaut chocolate line at RD because it is considered an upper tier chocolate for baking but getting it at RD is as cheap as the Nestle bag at Costco, so I will drag my butt up to RD which is a 20 min drive to get a few items that are a good price and high quality.