'Liberation Day' tariff announcements

Look out, you're getting ready to have all of the ones with $32.55 in their savings acct., coming in here telling you all about tariffs. 

Starting a trade war with Cambodia is wild.

I love how he said one of the poorest countries is “getting rich by taking advantage of us. Not anymore!”

What a fucking clown.

Except that - those numbers are lieing. 

I suspect these charts look different if you have 3 kids that outgrow their clothes every 6 months, have a boy that only wants Legos for his birthday, and have watched industrial equipment orders slow to a trickle (factory equipment that will be implemented in the next 6 months to 2 years is a good indicator of where things are going), than if you are a DINK not responsible for anyone or if you are sitting at home collecting a check every month. 

Some of us can't believe all the Commie's lies on tv when reality is much different. 

Liberation day made it more clear there is absolutely no plan.  It was embarrassing to watch, impossible to comprehend.  When the folks who voted for this start getting laid off due to cancelled projects, we will see if they change their tune. Probably not.  

I hope you don’t plan to retire anytime soon. God forbid if you’re already retired 

can someone explain to me how a new tax is Liberating? 

Not sure the chart could capture, "there is absolutely no plan", better than the fact that the information in said chart is laid out with zero planning; it's not ordered alphabetically, not by percentages ascending, not by percentages descending, not by tariffs charged vs reciprocal, no nothing.

Silly shit. Go America!

This is essentially a massive tax hike on every American.

Tariffs, when targeted correctly, used in moderation, and implemented properly, can be a solid tool for numerous issues regarding geopolitics. This is not it, and the markets are reacting accordingly. Massive drop today and it has been spiraling ever since this administration took over.

It's a massive consumer and manufacturing tax. But I am sure the man who bankrupted a casino knows what he is doing.

He has basically isolated the USA from the rest of the world. The rest of the world will just be getting together now and trading more favorably with each other.

Trade deficits? USA consumes so much they can't function without a trade deficit. They can't supply themselves with all the cheap shit they like so much. So they will be having a shortage of stuff, or paying way more $ for it.

Not rocket appliances...

We gave him the keys to the car again after he tried to run us off a bridge last time. Guardrails held but will they again? Time will tell. 

It's liberating us from disposable income, retirement gains to offset tax breaks for the 1%. The long and short of it.

The liberals (and foreigners) seething lets me know this was the right call for America. The very people crying over ANY perceived price hike now, were TOTALLY silent 4 years ago when "Biden Transitory Inflation" shrunk their buying power by 35% or better, and at the same time - were MORE than HAPPY to see their hard earned tax money sent over seas for an unwinable war in Ukraine. Any attempt at bringing manufacturing jobs back to blue collar American workers is a good call. 

“If it makes people mad that I don’t like then it must be good” 

Yeah this is exactly how we ended up where we are now. Plenty of non LiBeRaLs can see what a joke this all is, myself included 

People losing their minds over Trump charging country X one half of what X charges the US.  🤦

Anybody here remember his first term when he repeatedly talked about leveling the playing field?  Like it or not, our economy is broken.  As Voltaire said, Fiat money ALWAYS returns to it’s intrinsic value…zero.  This current fiat system has run it’s course.  An asset/commodity based economic system is the only way to fix this mess.  The only way to do a reset is to level the playing field first and then reset.  There will be some short term pain but it will pay off in the long run.  This tariff deal IS part of a plan.  Complain all you want but it is what it is.

I'm all for bringing manufacturing back stateside, but sucker-punching the economy is not what most Americans need right now versus tactfully going about it over a period of time with escalators if changes aren't made. Unless this is just a ploy to crater the stock market so the rich can buy the dip and then he'll reverse course after "new agreements" have been secured.

It’s all very strange.

The tariffs are supposedly “reciprocal”. Yet he hasn’t actually considered what tariffs are applied by other countries, instead he has just halved the percentage of trade imbalance.

Yet in our case (Australia) we have a free trade agreement, the US actually has a trade surplus. Yet we still cop a 10% tariff.

It’s not going to change much for us, but still doesn’t seem like it benefits either side in our case, lose/lose.

But good to know they also put a tariff on the Heard and McDonald Islands despite being uninhabited, one of the most remote places in the globe and close to Antarctica. If penguins ever want to start up a manufacturing industry, Americans will have to pay to import that quality penguin made stuff too 😂 

It’s all very strange haha.

😂 

Don't any of you understand? Tariffs don't work. That's why no other country on earth uses them.....

If you think this is part of some master strategy, I fear you are wrong.  The way this would work is to release a plan, and then follow the plan, so American businesses can figure out how to move forward with the plan.  This is just chaos.  And it will only benefit the wealthy.  Swamp 2.0.  

I had high hopes, but everyday I just see less to be enthusiastic about.  And no, I am not saying the Democrats would have been better.  But they would have been more predictable.  

Much ado ’bout nothing.

I went long on our Aluminum and Steel stashes as soon as this all came up & it looked like it just might be a thing. 

But, hey, that’s just me.

I actually see what the goal is and I’ll ride it out. No worries. 

In the meantime, the rest of you can get all worked up as you continue to buy all the Chinese shit you desire.

Well, it’s almost race time here in Baja.

See you at the races!

Manny  

When you have cancer, you don't cut part off it out. then some more and some more . You cut it all and hit it with therapy. It is going to get worse before it is going to be batter  No other choice. Doing  nothing is a way to dark ages, which we almost there with what democrats did !!There is no magic . It is easy to destroy and take time to rebuild !!!

When bank loans and govt subsidies are funding mfg plants, then I'll believe the hype, but right now its a tax hike with no infrastructure in place fill the void. I am open to being corrected in this regard.

I didnt need $100 BILLION of my tax dollars sent to Ukraine, but it is what it is. Trump only has 4 years to get the ball rolling on fixing a very broken economy and national deficit. 

Funny as hell seeing all the video being posted online today of, obama, clinton, and pelosi, calling for tariffs to level the playing field.

Even funnier the toads going apoplectic over president Trump instituting them today.

And we even have the manifestoboymesa slithering back into nonmoto.

Doubtful any of the critics want to acknowledge the 1.2+trillion coming back into this country, for manufacturering on home soil.

And...

Fuck wall street up their collective asses. 

They are the rich, that I thought all you leftists loathed, that are against the working class improving their financial station in life.

No wonder they're projecting a bear market.

Trust me, none of those fuckers are losing any money because of tariffs.