View Full Version : Trump promises 25% tariff on Mexico and Canada, extra 10% tariff on China
diamenz
11-25-2024, 09:49 PM
Trump promises 25% tariff on Mexico and Canada, extra 10% tariff on China (https://www.aljazeera.com/economy/2024/11/26/trump-promises-25-tariff-on-mexico-and-canada-extra-10-tariff-on-china)
United States President-elect Donald Trump has pledged to slap a 25 percent tariff on all goods from Mexico and Canada and an additional 10 percent on Chinese products in response to illegal border crossings and drug trafficking.
Trump said on Monday that he would impose tariffs on Mexican and Canadian imports on day one of his administration and that the measures would remain until the “invasion” of undocumented migrants and drugs came to an end.
"Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem,” Trump said on his social media platform Truth Social.
“We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!”
Trump said in a subsequent post that he would also impose a 10 percent tariff on China, “above any additional tariffs”, until the country took action to stop fentanyl smuggling.
"Representatives of China told me that they would institute their maximum penalty, that of death, for any drug dealers caught doing this but, unfortunately, they never followed through, and drugs are pouring into our country, mostly through Mexico, at levels never seen before,” Trump said.
During his election campaign, Trump pledged to impose tariffs of 60 percent or more on imports of Chinese goods and suggested he could impose a tariff of 200 percent or higher on vehicles imported from Mexico.
Many economists have warned that Trump’s proposals for broad-based tariffs would raise the cost of everyday items in the US and dampen global growth.
Trump’s supporters have argued that tariffs would encourage the return of manufacturing jobs from overseas and give his administration greater leverage to extract more favourable trade deals from other countries.
highwhey
11-25-2024, 10:13 PM
:facepalm
diamenz
11-25-2024, 10:20 PM
:facepalm
i may have been in favor of this for the long term trade-off or at least not look at it so critically if prices weren't so high but the timing on this couldn't be any worse. the working class had a huge hand in putting trump over the top in hopes of having more money in their pockets. trump has four years to impose something like this. now isn't the time for it.
highwhey
11-25-2024, 11:36 PM
i may have been in favor of this for the long term trade-off or at least not look at it so critically if prices weren't so high but the timing on this couldn't be any worse. the working class had a huge hand in putting trump over the top in hopes of having more money in their pockets. trump has four years to impose something like this. now isn't the time for it.
yeah, i'm one of those americans that voted for my pocket. my business depends on a strong economy. it may sound selfish, but millions of other americans, as you've said, voted for their pockets. this sh1t isn't going to help.
Media Moderator
11-26-2024, 12:31 AM
yeah, i'm one of those americans that voted for my pocket. my business depends on a strong economy. it may sound selfish, but millions of other americans, as you've said, voted for their pockets. this sh1t isn't going to help.
Just think about it. If Trump begins mass deportations you know the majority are going to be men. Left standing in US soil are going to be a lot of lonely senoritas. Especially in places like Arizona.
https://t3.ftcdn.net/jpg/05/67/56/28/360_F_567562895_eePER2YXZ7294Qk88MTypaZLhbrytSuM.j pg
https://media1.giphy.com/media/WOfzEk8b2h9J2k8TjQ/giphy.gif?cid=6c09b952iyivj68x2uewnmryp2rw1b8iwviu q9z688lfeha9&ep=v1_internal_gif_by_id&rid=giphy.gif
The run of p*say you go through just might have you thinking Trump is the best prez.....eva!
jstern
11-26-2024, 01:23 AM
He's pressuring Mexico and Canada to take action against illegal immigration and drug trafficking. And if they do, then no tariffs. Will Canada and Mexico not take action?
Lakers Legend#32
11-26-2024, 05:45 AM
And when MAGAS are paying hire taxes and more for groceries, they will blame the Democrats.
Who hold absolutely no positions of power for at least two years.
diamenz
11-26-2024, 09:40 AM
He's pressuring Mexico and Canada to take action against illegal immigration and drug trafficking. And if they do, then no tariffs. Will Canada and Mexico not take action?
i get that. the problem is it would be at the expense of us when there's already no room for economic leeway. people brought trump back primarily to put money back in our pockets. immigration and drug trafficking is a second, third or beyond for most people.
prioritize. fix the economy first, then you can think about implementing tariffs.
ZenMaster
11-26-2024, 10:01 AM
i may have been in favor of this for the long term trade-off or at least not look at it so critically if prices weren't so high but the timing on this couldn't be any worse. the working class had a huge hand in putting trump over the top in hopes of having more money in their pockets. trump has four years to impose something like this. now isn't the time for it.
Inflation happening because of people being paid higher salaries overall is the positive inflation you'd want, say instead of for example Europe cutting off Russian gas to instead buy more expensive US gas and increasing the price for all companies that use it in their production.
It's funny reading everyone being so smart about how higher tariffs will simply just increase the price of everything, when absolutely no one suggested lowering tariffs to get prices down during extremely high inflation.
I'm curious on your persepctive here:
What is it that you buy from China that you can't afford being 10% more expensive?
What do you need that can be produced in Canada(except original Maple syrup) and Mexico, which can't be produced in the US?
Overall it's quite a complex issue, which needs to be seen in a light where hopefully a large group of illegal immigrants are deported, increasing job openings and lower rent for housing.
BurningHammer
11-26-2024, 11:29 AM
What do you need that can be produced in Canada(except original Maple syrup) and Mexico, which can't be produced in the US?
Mexico's top exports include:vehicles (mainly cars), vehicle parts, electrical and electronic equipment, machinery including computers, mineral fuels (like crude petroleum), optical, technical, and medical apparatus, plastics, and agricultural products like vegetables and fruits; with the majority of these exports going to the United States
Canada's top exports to the United States by product in 2023 include:
- Iron and steel: $8.51 billion
- Aircraft and spacecraft: $7.58 billion
- Paper and paperboard: $6.86 billion
- Pharmaceutical products: $6.75 billion
Other top Canadian exports to the United States include: Crude petroleum, Cars, and Petroleum gas.
A lot of these depend on US demands, which it always has.
diamenz
11-26-2024, 11:30 AM
Inflation happening because of people being paid higher salaries overall is the positive inflation you'd want, say instead of for example Europe cutting off Russian gas to instead buy more expensive US gas and increasing the price for all companies that use it in their production.
It's funny reading everyone being so smart about how higher tariffs will simply just increase the price of everything, when absolutely no one suggested lowering tariffs to get prices down during extremely high inflation.
I'm curious on your persepctive here:
What is it that you buy from China that you can't afford being 10% more expensive?
What do you need that can be produced in Canada(except original Maple syrup) and Mexico, which can't be produced in the US?
Overall it's quite a complex issue, which needs to be seen in a light where hopefully a large group of illegal immigrants are deported, increasing job openings and lower rent for housing.
lol zen. why are you putting me personally on the spot when both of my posts in this thread i directed towards what voters want and expect out of trump's second term? poll after poll after exit poll said the same thing - "it's the economy, stupid".
do you at least admit this is a big risk on trump's behalf? to risk another inflation? do you know how hard the democrats would pounce on him for that? and rightfully so. the backlash would be astronomical, from everywhere.
but to entertain your question - no, you can't escape chinese goods. for ecample they're all over your house. i for one don't want to pay extra on something like parts that might need replacing on any of my appliances. i don't want to pay more for food coming put of mexico. electronics? who can avoid electronics in 2024? cars? cars already cost way too much as it is. all of this stuff adds up in the long run.
me? i've got tens of thousands in medical bills to pay off. so personally, *uck no i'm not on board with this to answer your question. nor am i on board with his corporate tax cuts or privatizing social safety net programs. but we'll see where this goes. as a matter of fact, trump may not even end up going through with this once he's advised on the kind of risk he's taking politically.
highwhey
11-26-2024, 11:36 AM
Inflation happening because of people being paid higher salaries overall is the positive inflation you'd want, say instead of for example Europe cutting off Russian gas to instead buy more expensive US gas and increasing the price for all companies that use it in their production.
It's funny reading everyone being so smart about how higher tariffs will simply just increase the price of everything, when absolutely no one suggested lowering tariffs to get prices down during extremely high inflation.
I'm curious on your persepctive here:
What is it that you buy from China that you can't afford being 10% more expensive?
What do you need that can be produced in Canada(except original Maple syrup) and Mexico, which can't be produced in the US?
Overall it's quite a complex issue, which needs to be seen in a light where hopefully a large group of illegal immigrants are deported, increasing job openings and lower rent for housing.
i feel like you don't appreciate the impact this will have on the average american when tarrifs are placed/increased on the 3 largest importers to the US.
and bringing production to the US is NOT cheap, it has a very expensive startup cost which goes to OP's point, this is horrible timing.
BurningHammer
11-26-2024, 11:40 AM
l but we'll see whete thos goes. as a matter of fact, trump may not even end up going through with this once he's advised on the kind of risk he's taking eith this.
The problem now is that Trump is surrounding himself with more of loyalists than experts. Wonder if his government can properly correct the course well enough thoughout the 4 years if things get worse.
highwhey
11-26-2024, 11:42 AM
lol zen. why are you putting me personally on the spot when both of my posts in this thread i directed towards what voters want and expect out of trump's second term? poll after poll after exit poll said the same thing - "it's the economy, stupid".
do you at least admit this is a big risk on trump's behalf? to risk another inflation? do you know how hard the democrats would pounce on him for that? and rightfully so. the backlash would be astronomical, from everywhere.
but to entertain your question - no, you can't escape chinese goods. for ecample they're all over your house. i for one don't want to pay extra on something like parts that might need replacing on any of my appliances. i don't want to pay more for food coming put of mexico. electronics? who can avoid electronics in 2024? cars? cars already cost way too much as it is. all of this stuff adds up in the long run. me? i've got tens of thousands in medical bills to pay off. so personally, *uck no i'm not on board with this to answer your question. nor am i on board with his tax cuts. or privatizing social safety net programs. but we'll see whete thos goes. as a matter of fact, trump may not even end up going through with this once he's advised on the kind of risk he's taking eith this.
not just replacement parts for your appliances, literally 70% of goods on amazon come from china.
when you call the repairman to fix your appliance, you will pay extra as well bc guess where that f150 work truck was made? my aunt works there, true story.
https://lh3.googleusercontent.com/p/AF1QipNjhz9ga-YFOiK8KT-KO3BGIjcjQpOvCUgw5uIh=s680-w680-h510
f150s are like the number one selling work truck...so yeah...and before zen's smartass tries to say "well they can buy toyota work trucks", the cost to change fleets will be greater.
Bill Gates
11-26-2024, 12:02 PM
prioritize. fix the economy first, then you can think about implementing tariffs.
Fix what exactly? The inflation rate has been in the 2% range for 3 months now. It's fixed.
The stock market is at an all time high
Unemployment is historically very low
GDP is in the green, we are producing more wealth than any other country
So what is he going to "fix" exactly?
highwhey
11-26-2024, 12:08 PM
Fix what exactly? The inflation rate has been in the 2% range for 3 months now. It's fixed.
The stock market is at an all time high
Unemployment is historically very low
GDP is in the green, we are producing more wealth than any other country
So what is he going to "fix" exactly?
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTvlER6mJQ-rUNYsQn5lj4oXy6Rq1et_eqBJg&s
sure thing pal. the economy is in such great shape that the people voted biden's opposition with overwhelming disposition and the people lashing out on social media about not being able to afford groceries or that there aren't enough jobs are totally making this up. sure.
the economy doesn't pass the eye test, but go ahead and talk about how great the numbers are on paper.
ArbitraryWater
11-26-2024, 12:11 PM
Fix what exactly? The inflation rate has been in the 2% range for 3 months now. It's fixed.
The stock market is at an all time high
Unemployment is historically very low
GDP is in the green, we are producing more wealth than any other country
So what is he going to "fix" exactly?
Youre a charicature of a human being
diamenz
11-26-2024, 12:19 PM
Fix what exactly? The inflation rate has been in the 2% range for 3 months now. It's fixed.
The stock market is at an all time high
Unemployment is historically very low
GDP is in the green, we are producing more wealth than any other country
So what is he going to "fix" exactly?
morning joe? is that you???
:roll: :roll:
Bill Gates
11-26-2024, 12:20 PM
3 replies and not a single answer.
What exactly are you expecting Trump to "fix"?
Or will it just suddenly be that NOW the stats are real?
Hey Yo
11-26-2024, 12:20 PM
There's a reason why Harris didn't run on Bidenomics.
Hey Yo
11-26-2024, 12:26 PM
morning joe? is that you???
:roll: :roll:
:lol
Bill Gates
11-26-2024, 12:27 PM
We all know what is going to happen here.
Once Trump takes office all you MAGA buffoons will suddenly declare that the economy is in great shape. And ignore the fact that he inherited it.
Just like you ignored the fact that it was Trump's covid relief that caused the inflation in the first place.
ILLsmak
11-26-2024, 12:28 PM
3 replies and not a single answer.
What exactly are you expecting Trump to "fix"?
Or will it just suddenly be that NOW the stats are real?
I agree with you. Go ahead with tariffs, we got this. IF in the end it affects human and drug trafficking, it will be a huge win for humanity as a whole. I can see arguing it won’t, and I am skeptical, but it’s worth a shot. It’s never the wrong time to address this shit because it’s so out of control. Fentanyl arguably should not exist. Dunno much else that can kill you so easy accidentally. It’s gotten famous people, too.
-Smak
Hey Yo
11-26-2024, 12:31 PM
We all know what is going to happen here.
Once Trump takes office all you MAGA buffoons will suddenly declare that the economy is in great shape. And ignore the fact that he inherited it.
Just like you ignored the fact that it was Trump's covid relief that caused the inflation in the first place.
If so great for the people.... why didn't Harris run on Bidenomics? I mean, if it's so "slap ya in the face silly" to see how great Bidenomics has for the country, then it should have been a no brainer for her campaign to be centered around Bidenomics no?
Bill Gates
11-26-2024, 12:34 PM
If so great for the people.... why didn't Harris run on Bidenomics? I mean, if it's so "slap ya in the face silly" to see how great Bidenomics is for the country, then it should have been a no brainer for her campaign to be centered around Bidenomics no?
She isn't "Biden" for one :facepalm
She was running on adding tax relief for small businesses and other tax credits for the little man to what was already in place.
It is a better plan than tariffs which will hurt the little man. The voters got it wrong because you're all terrified of rainbow flags.
Bill Gates
11-26-2024, 12:36 PM
Seriously though, where will the "fix" be?
What is Trump going to "fix"? and how is he going to do it?
diamenz
11-26-2024, 12:39 PM
We all know what is going to happen here.
Once Trump takes office all you MAGA buffoons will suddenly declare that the economy is in great shape. And ignore the fact that he inherited it.
Just like you ignored the fact that it was Trump's covid relief that caused the inflation in the first place.
lmao what are you going on about? "maga baffoons"?
i'm clearly criticizing trump's policy here and so is highwhey. you wanna argue with someone here then argue with zenmaster. you're getting butthurt over one thing i said within the context of the big picture. joe biden is a big boy. he doesn't need your bear hugs.
Bill Gates
11-26-2024, 12:41 PM
lmao what are you going on about? "maga baffoons"?
i'm clearly criticizing trump's policy here and so is highwhey. you wanna argue with someone here then argue with zenmaster. you're getting butthurt over one thing i said within the context of the big picture. joe biden is a big boy. he doesn't need your bear hugs.
Fair enough, so how and what is Trump going to "fix"?
Explain please.
diamenz
11-26-2024, 12:45 PM
Fair enough, so how and what is Trump going to "fix"?
Explain please.
https://www.youtube.com/watch?v=YwaLcPGyrXE&pp=ygUebW9ybmluZyBqb2UgYnV0dGVyIHlvdW5nIHR1cmtz
what's causing inflation, gates?
Bill Gates
11-26-2024, 12:53 PM
what's causing inflation, gates?
The covid spending caused the inflation. Which is now sitting at a pretty 2% which in turn has caused the FED to lower rates again.
It is fixed.
diamenz
11-26-2024, 12:58 PM
The covid spending caused the inflation. Which is now sitting at a pretty 2% which in turn has caused the FED to lower rates again.
It is fixed.
corporate greed something, something...
price gouging, something, something...
Bill Gates
11-26-2024, 01:00 PM
So nothing then. No answer just fluff replies.
You guys voted Trump into office to "fix" an economy with not even the most rudimentary basic concept of what that would entail.
Hey Yo
11-26-2024, 01:02 PM
She isn't "Biden" for one :facepalm
She was running on adding tax relief for small businesses and other tax credits for the little man to what was already in place.
It is a better plan than tariffs which will hurt the little man. The voters got it wrong because you're all terrified of rainbow flags.
But you've praised Bidenomics constantly and now saying how great of shape the country is. So why wouldn't it be the logical thing to do for her to continue the great ways of Bidenomics? She should know all about the ins and outs of it considering "she was" the Veep for the last 4yrs.
You say Bidenomics has been great these last 4yrs but also think it was wise for her to distance herself while running from it for president???
Yeah... that makes a lot of sense, chico.
Bill Gates
11-26-2024, 01:11 PM
Harris is gone Hey Yo. Trump won. Maybe she should have run on Bidenomics, but it's over so who cares.
Now you tell me, how is Trump going to "fix" the economy? Have you given it any thought at all?
Bill Gates
11-26-2024, 01:13 PM
Grocery bills for Thanksgiving dinner hits 40 year low
https://www.dailymail.co.uk/news/article-14122159/thanksgiving-dinner-hits-historic-low-one-glaring-exception.html
Well damn, that is interesting. THANK YOU TRUMP!!!!!! :applause:
diamenz
11-26-2024, 01:18 PM
@Bill Gates
https://portside.org/2024-06-10/big-food-big-profits-big-lies
diamenz
11-26-2024, 01:25 PM
and by the way, i'm sure you recall how harris spoke out about price gouging early on in her campaign, which btw i acknowledge as being a good thing on behalf of the democrats (a rarity these days) and in turn got the media talking (for a short while)... funny how that didn't last long. almost as if she were... silenced by her donors?
after that was ended it was just the same old... "trump bad, trump bad"! and the Democrats wonder why they got blown out. :rolleyes:
highwhey
11-26-2024, 01:32 PM
Grocery bills for Thanksgiving dinner hits 40 year low
https://www.dailymail.co.uk/news/article-14122159/thanksgiving-dinner-hits-historic-low-one-glaring-exception.html
Well damn, that is interesting. THANK YOU TRUMP!!!!!! :applause:
'If your dollar had the same overall purchasing power as a consumer in 1984, right before the beginning of this survey – this would be the least expensive Thanksgiving meal in the 39-year history of the AFBF Thanksgiving survey
:roll:
TheMan
11-26-2024, 01:37 PM
Trump doing Trump things. His 4 years will end like his first 4 years, with the Democrats winning everything in 2028.
Bill Gates
11-26-2024, 01:38 PM
https://i.dailymail.co.uk/1s/2024/08/13/09/88472527-0-image-a-14_1723538852279.jpg
So your answer is that Trump will prevent price gouging that will in turn bring grocery prices down?
They are already at a 2%-3% annual inflation.
Can't bring grocery prices (or any other prices) back to pre-covid. That was 5 years ago. That would be massive deflation and cause all our businesses to go out of business. That is how it works.
Bill Gates
11-26-2024, 01:40 PM
:roll:
You're not reading that correctly, adjusted for inflation Thanksgiving prices are at a 40-year low.
rawimpact
11-26-2024, 02:16 PM
https://i.dailymail.co.uk/1s/2024/08/13/09/88472527-0-image-a-14_1723538852279.jpg
So your answer is that Trump will prevent price gouging that will in turn bring grocery prices down?
They are already at a 2%-3% annual inflation.
Can't bring grocery prices (or any other prices) back to pre-covid. That was 5 years ago. That would be massive deflation and cause all our businesses to go out of business. That is how it works.
Inflation needs to go into the negatives to bring prices back down, not continue to inflate (even at minimal levels). a 0% inflation just means its no longer increasing, it's still at the previous recorded level. This graph is looking at change in comparison to previous year, not overall price. But only a moron like you fails to see that a negative inflation is needed to bring prices DOWN.
Maybe I need to dumb down this graph for you since you make it quite evident you are one of the dumbest posters here -- maybe tied with blade, but then again both of you are always so wrong it's laughable.
The analogy i can use is speed vs acceleration. This is a graph of acceleration or change in speed. Just because it is 0, does not mean the speed is zero. When your mom drives you onto a interstate, she accelerates, but once she reaches the speed she stops, acceleration is 0 but the speed is far from that. Now to compare, the graph is about inflation, not price. Just because the inflation is at lower levels does not mean the price is... hence my previous statements.
diamenz
11-26-2024, 02:32 PM
When your mom drives you onto a interstate,
:roll:
that was slick.
BurningHammer
11-26-2024, 02:56 PM
Mexico has responded:
https://apnews.com/article/mexico-tariffs-trump-retaliate-sheinbaum-fac0b0c6ee8c425a928418de7332b74a
President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.
Bill Gates
11-26-2024, 03:00 PM
Inflation needs to go into the negatives to bring prices back down, not continue to inflate (even at minimal levels). a 0% inflation just means its no longer increasing, it's still at the previous recorded level. This graph is looking at change in comparison to previous year, not overall price. But only a moron like you fails to see that a negative inflation is needed to bring prices DOWN.
Maybe I need to dumb down this graph for you since you make it quite evident you are one of the dumbest posters here -- maybe tied with blade, but then again both of you are always so wrong it's laughable.
The analogy i can use is speed vs acceleration. This is a graph of acceleration or change in speed. Just because it is 0, does not mean the speed is zero. When your mom drives you onto a interstate, she accelerates, but once she reaches the speed she stops, acceleration is 0 but the speed is far from that. Now to compare, the graph is about inflation, not price. Just because the inflation is at lower levels does not mean the price is... hence my previous statements.
Did you even read my post at all?
Maybe I need to dumb it down for you. :oldlol:
That "negative inflation" you are talking about here is called "DEFLATION" which is what I actually addressed in the post you quoted there genius :facepalm
Deflation is worse than inflation, when businesses have to mark their prices negative? They go out of business. We can go a little backwards, like maybe 1-2% without a ton of harm. But going back to pre-covid (5 years ago) is literally impossible without economic collapse.
rawimpact
11-26-2024, 03:01 PM
Mexico has responded:
https://apnews.com/article/mexico-tariffs-trump-retaliate-sheinbaum-fac0b0c6ee8c425a928418de7332b74a
considering some of the biggest exports from mexico to the US are american cars and parts... maybe the companies will just start producing them in the states to avoid the tariff
win-win
highwhey
11-26-2024, 03:03 PM
damn she said we'll counter-tariff the US :roll:
Bill Gates
11-26-2024, 03:06 PM
Inflation needs to go into the negatives to bring prices back down, not continue to inflate (even at minimal levels). a 0% inflation just means its no longer increasing, it's still at the previous recorded level. This graph is looking at change in comparison to previous year, not overall price. But only a moron like you fails to see that a negative inflation is needed to bring prices DOWN.
Maybe I need to dumb down this graph for you since you make it quite evident you are one of the dumbest posters here -- maybe tied with blade, but then again both of you are always so wrong it's laughable.
The analogy i can use is speed vs acceleration. This is a graph of acceleration or change in speed. Just because it is 0, does not mean the speed is zero. When your mom drives you onto a interstate, she accelerates, but once she reaches the speed she stops, acceleration is 0 but the speed is far from that. Now to compare, the graph is about inflation, not price. Just because the inflation is at lower levels does not mean the price is... hence my previous statements.
Did you even read my post at all?
Maybe I need to dumb it down for you. :oldlol:
That "negative inflation" you are talking about here is called "DEFLATION" which is what I actually addressed in the post you quoted there genius :facepalm
Deflation is worse than inflation, when businesses have to mark their prices negative? They go out of business. We can go a little backwards, like maybe 1-2% without a ton of harm. But going back to pre-covid (5 years ago) is literally impossible without economic collapse.
Bill Gates
11-26-2024, 03:13 PM
Here I'll tell you exactly what is going to happen, any of you feel free to bookmark this so we can revisit in the future.
Trump will take office, and things will get increasingly better for the next year as the Fed continues to lower rates which will reactivate the housing market (the only facet of our economy that actually needs to be fixed). The stock market which is already at a high P/E will continue its bull run, and Trump and his followers will falsely take credit as the entire situation was inherited.
But after that first year? After we have reaped the benefits of our post-covid recovery? We will go into correction mode. Stock market correction, recession and a housing market collapse. The housing market needs to collapse however the businesses that rely on it will collapse along with it.
Because the reality is that we can not sustain the high levels we are seeing currently. We are already near the ceiling, and we will climb a bit further centered around interest rate drops, but after that? We are left looking at the floor.
j3lademaster
11-26-2024, 03:38 PM
Inflation needs to go into the negatives to bring prices back down, not continue to inflate (even at minimal levels). a 0% inflation just means its no longer increasing, it's still at the previous recorded level. This graph is looking at change in comparison to previous year, not overall price. But only a moron like you fails to see that a negative inflation is needed to bring prices DOWN.
Maybe I need to dumb down this graph for you since you make it quite evident you are one of the dumbest posters here -- maybe tied with blade, but then again both of you are always so wrong it's laughable.
The analogy i can use is speed vs acceleration. This is a graph of acceleration or change in speed. Just because it is 0, does not mean the speed is zero. When your mom drives you onto a interstate, she accelerates, but once she reaches the speed she stops, acceleration is 0 but the speed is far from that. Now to compare, the graph is about inflation, not price. Just because the inflation is at lower levels does not mean the price is... hence my previous statements.
The **** did I just read? I want that 30 seconds of my life back.
Bill Gates
11-26-2024, 03:57 PM
Outside of rawimpact wanting Trump to usher in "negative inflation" (known as deflation lol) and not understanding how harmful that is, his speed to acceleration analogy doesn't even work :facepalm :oldlol:
0% inflation would be a dead stop, and not just continuing to coast at high speeds without accelerating.
This is part of the problem, many are like rawimpact and lack even a 3rd grade comprehension on the economy. They just want everything to be cheaper.
rawimpact
11-26-2024, 05:24 PM
Outside of rawimpact wanting Trump to usher in "negative inflation" (known as deflation lol) and not understanding how harmful that is, his speed to acceleration analogy doesn't even work :facepalm :oldlol:
0% inflation would be a dead stop, and not just continuing to coast at high speeds without accelerating.
This is part of the problem, many are like rawimpact and lack even a 3rd grade comprehension on the economy. They just want everything to be cheaper.
No it wouldnt you dumbass
My analogy was acceleration vs velocity/speed is similar to inflation vs price.
Acceleration could be 0 and speed could be 100 Just like inflation could be 0 and price could be 100
Acceleration is defined as the change in speed
Just like how inflation can be seen as the change in price (either inflation or deflation)
No point in wasting time with your dumbass
ArbitraryWater
11-26-2024, 05:27 PM
Fair enough, so how and what is Trump going to "fix"?
Explain please.
spending you moron
and not ignoring Russia for goods at cheaper prices
Bill Gates
11-26-2024, 06:00 PM
No it wouldnt you dumbass
My analogy was acceleration vs velocity/speed is similar to inflation vs price.
Acceleration could be 0 and speed could be 100 Just like inflation could be 0 and price could be 100
Acceleration is defined as the change in speed
Just like how inflation can be seen as the change in price (either inflation or deflation)
No point in wasting time with your dumbass
:oldlol:
Yeah that doesn't actually make any sense at all given that a fixed price has no "speed".
0% inflation means that prices are at a dead stop, they are not moving up or down. They are at a stand still.
negative inflation would actually be accelerating backward - driving in reverse
j3lademaster
11-26-2024, 07:02 PM
spending you moron
and not ignoring Russia for goods at cheaper pricesIf you want cheaper imports, then why implement tariffs in the first place?
Media Moderator
11-26-2024, 08:42 PM
damn she said we'll counter-tariff the US :roll:
She'll bend the knees to Trump just like Mexico did the last go around. 80% of Mexico's exports go to the US and US exports are around 35% of their entire GDP. She knows she doesn't have a lot of leverage unless she plans on going to the oval office to blow Trump(which I wouldn't be surprised if she did)
Charlie Sheen
11-26-2024, 10:10 PM
The **** did I just read? I want that 30 seconds of my life back.
My nephew's year 1 calculus homework... rate of change
Implicit differentiation is right around the corner. It is going to knock your socks off :lol
highwhey
11-26-2024, 10:17 PM
She'll bend the knees to Trump just like Mexico did the last go around. 80% of Mexico's exports go to the US and US exports are around 35% of their entire GDP. She knows she doesn't have a lot of leverage unless she plans on going to the oval office to blow Trump(which I wouldn't be surprised if she did)
nobody bent any knees, mexico didnt pay one cent for the wall...
wait, where's the wall he promised?
diamenz
11-27-2024, 12:11 AM
considering some of the biggest exports from mexico to the US are american cars and parts... maybe the companies will just start producing them in the states to avoid the tariff
win-win
it's possible but there's no guarantee of that happening. it takes years to get that production going and they may just turn around and decide they're better off waiting out the tariff's (waiting out trump's term).
ZenMaster
11-27-2024, 12:29 PM
A lot of these depend on US demands, which it always has.
Like I thought, don't see anything special on that lists which couldn't be produced in the US.
lol zen. why are you putting me personally on the spot when both of my posts in this thread i directed towards what voters want and expect out of trump's second term? poll after poll after exit poll said the same thing - "it's the economy, stupid".
do you at least admit this is a big risk on trump's behalf? to risk another inflation? do you know how hard the democrats would pounce on him for that? and rightfully so. the backlash would be astronomical, from everywhere.
but to entertain your question - no, you can't escape chinese goods. for ecample they're all over your house. i for one don't want to pay extra on something like parts that might need replacing on any of my appliances. i don't want to pay more for food coming put of mexico. electronics? who can avoid electronics in 2024? cars? cars already cost way too much as it is. all of this stuff adds up in the long run.
me? i've got tens of thousands in medical bills to pay off. so personally, *uck no i'm not on board with this to answer your question. nor am i on board with his corporate tax cuts or privatizing social safety net programs. but we'll see where this goes. as a matter of fact, trump may not even end up going through with this once he's advised on the kind of risk he's taking politically.
Didn't mean to put you on the spot negatively, just curious as to your perspective. I'm of the opinion that most imports won't become much more expensive because of tariffs, just don't buy it for a while until X company eats the tax themselves or open production state side.
To me it's backwards thinking to say that we can't afford to create well paid jobs within our own communities. Sure it will take a year or two of pain to get things turned around, but that's very little in the overall scheme of things.
not just replacement parts for your appliances, literally 70% of goods on amazon come from china.
when you call the repairman to fix your appliance, you will pay extra as well bc guess where that f150 work truck was made? my aunt works there, true story.
https://lh3.googleusercontent.com/p/AF1QipNjhz9ga-YFOiK8KT-KO3BGIjcjQpOvCUgw5uIh=s680-w680-h510
f150s are like the number one selling work truck...so yeah...and before zen's smartass tries to say "well they can buy toyota work trucks", the cost to change fleets will be greater.
If you really need a bunch of Chinese produced crap, you can buy it off of Temu directly from the factory. "But won't it take 2 weeks to get delivered then?" Yes, and that's probably how it should be when buying shitty items made on the other side of the planet by people on a very low wage.
Your aunt shouldn't have a job producing American cars in Mexico that are sold back to the US. It's a predatory business practice and Ford is benefiting by using tech originally developed in the US, but with cheaper workers. You're talking as if Ford is a charity case operating on no profit, but they netted 4000 million dollars last year, why can't they build cars for US market in the US and only profit 2-3000 million dollars instead? Again, they'd love to just pass the cost of tariffs fully to you, but in the end the consumer decides through their wallet.
Seriously though, where will the "fix" be?
What is Trump going to "fix"? and how is he going to do it?
He's going to make it so the US as a whole goes for exceptionalism and quality instead of racing towards the bottom. More well paid jobs for middle, lower-middle and lower classes. He'll cut spending by US gov, you do realize it's operating on a deficit yearly right and has to loan money from the world bank?
Then there's the health part where he's got RFK running the show, getting rid of bad chemicals in food will lead to less health expenses in general.
Example: Who's going to pick all the fruits if illegals are deported?
https://youtu.be/H2gL6KC_W44
The covid spending caused the inflation. Which is now sitting at a pretty 2% which in turn has caused the FED to lower rates again.
It is fixed.
Trump was sitting at an even prettier 1% inflation and covid spending was brought on by dems who insisted the country be shut down.
Grocery bills for Thanksgiving dinner hits 40 year low
https://www.dailymail.co.uk/news/article-14122159/thanksgiving-dinner-hits-historic-low-one-glaring-exception.html
Well damn, that is interesting. THANK YOU TRUMP!!!!!! :applause:
Quality of that food is probably at a 100 year low.
it's possible but there's no guarantee of that happening. it takes years to get that production going and they may just turn around and decide they're better off waiting out the tariff's (waiting out trump's term).
Big risk there, tariffs could increase and the next President could continue having the tariffs on for the next terms as well.
TheMan
11-28-2024, 11:39 AM
She'll bend the knees to Trump just like Mexico did the last go around. 80% of Mexico's exports go to the US and US exports are around 35% of their entire GDP. She knows she doesn't have a lot of leverage unless she plans on going to the oval office to blow Trump(which I wouldn't be surprised if she did)
A big chunk of foods that Americans consume is imported from Mexico. You really want to spend a whole lot more on something you need to survive?
And how did Mexico bend the knee last go around? Oh you mean when Mexico paid for the wall like Trump promised...
https://www.icegif.com/wp-content/uploads/2023/07/icegif-1064.gif
BTW, Canada and Mexico are the number 1 and 2 buyers of American exports, both countries have stated they'll slap tariffs on US goods in retaliation. That's gonna put a lot of US jobs in jeopardy and raise US prices on a whole lot of goods. Mexicans are used to hardships, Americans are more fickle. Usher in the big blue wave in 2026 and 2028 if Trump is stupid enough to start a trade war with his two biggest trade partners.
highwhey
11-28-2024, 12:26 PM
Like I thought, don't see anything special on that lists which couldn't be produced in the US.
Didn't mean to put you on the spot negatively, just curious as to your perspective. I'm of the opinion that most imports won't become much more expensive because of tariffs, just don't buy it for a while until X company eats the tax themselves or open production state side.
To me it's backwards thinking to say that we can't afford to create well paid jobs within our own communities. Sure it will take a year or two of pain to get things turned around, but that's very little in the overall scheme of things.
If you really need a bunch of Chinese produced crap, you can buy it off of Temu directly from the factory. "But won't it take 2 weeks to get delivered then?" Yes, and that's probably how it should be when buying shitty items made on the other side of the planet by people on a very low wage.
Your aunt shouldn't have a job producing American cars in Mexico that are sold back to the US. It's a predatory business practice and Ford is benefiting by using tech originally developed in the US, but with cheaper workers. You're talking as if Ford is a charity case operating on no profit, but they netted 4000 million dollars last year, why can't they build cars for US market in the US and only profit 2-3000 million dollars instead? Again, they'd love to just pass the cost of tariffs fully to you, but in the end the consumer decides through their wallet.
He's going to make it so the US as a whole goes for exceptionalism and quality instead of racing towards the bottom. More well paid jobs for middle, lower-middle and lower classes. He'll cut spending by US gov, you do realize it's operating on a deficit yearly right and has to loan money from the world bank?
Then there's the health part where he's got RFK running the show, getting rid of bad chemicals in food will lead to less health expenses in general.
Example: Who's going to pick all the fruits if illegals are deported?
https://youtu.be/H2gL6KC_W44
Trump was sitting at an even prettier 1% inflation and covid spending was brought on by dems who insisted the country be shut down.
Quality of that food is probably at a 100 year low.
Big risk there, tariffs could increase and the next President could continue having the tariffs on for the next terms as well.
you're right, they could absorb the tariff, but for the same reason walmart and these other large corporations are releasing statements that tariffs will increase prices, they simply won't absorb it. they will pass it on to us, the consumer. it's always been like that. open up your electricity or other utility bill and you'll see all these seperate fees (taxes mostly) that are passed on to you.
Media Moderator
11-28-2024, 01:27 PM
you're right, they could absorb the tariff, but for the same reason walmart and these other large corporations are releasing statements that tariffs will increase prices, they simply won't absorb it. they will pass it on to us, the consumer. it's always been like that. open up your electricity or other utility bill and you'll see all these seperate fees (taxes mostly) that are passed on to you.
...or they will buy American made products. Who wants to buy sh*tty Mexican and Chinese crap when you can get American made and/or assembled?
Hecho en Murica cabron :pimp:
ZenMaster
11-28-2024, 01:37 PM
you're right, they could absorb the tariff, but for the same reason walmart and these other large corporations are releasing statements that tariffs will increase prices, they simply won't absorb it. they will pass it on to us, the consumer. it's always been like that. open up your electricity or other utility bill and you'll see all these seperate fees (taxes mostly) that are passed on to you.
Walmart and these other large corporations have smart people working for them, and they know that if they create acceptance of price hikes ahead of it happening, people will be more prone to go along with it. There's is no better way of doing this currently than to blame it on Trump and there are so many statements, articles and comments on all media about how prices will go up, literally speaking it into existence.
Kamala ran on increasing the corporate tax rate from 21 to 28%, if that would've happened couldn't these same corporations just have made the argument to raise prices on everything and not just imported products?
TheMan
11-28-2024, 04:22 PM
...or they will buy American made products. Who wants to buy sh*tty Mexican and Chinese crap when you can get American made and/or assembled?
Hecho en Murica cabron :pimp:
Low-quality products: Some people believe that Mexican-made products are of lower quality, but this is not necessarily true. Mexico has a well-developed manufacturing industry with many modern facilities and skilled workers. The Maquiladora, a young and talented worker population with a mean age of 26 years, has demonstrated the capacity to construct sophisticated products for manufacturing in Mexico. Because the lower cost of production, an assumption is made that the goods must also be poor quality, but this far from the truth: Mexican workforce, because of the high rate of education and skill in production, have expertise comparable to that of U.S. employees.
Welcome to 2024, cabron.
https://novalinkmx.com/2019/01/21/6-misconceptions-manufacturing-in-mexico/
j3lademaster
11-29-2024, 02:05 PM
Walmart and these other large corporations have smart people working for them, and they know that if they create acceptance of price hikes ahead of it happening, people will be more prone to go along with it. There's is no better way of doing this currently than to blame it on Trump and there are so many statements, articles and comments on all media about how prices will go up, literally speaking it into existence.
Kamala ran on increasing the corporate tax rate from 21 to 28%, if that would've happened couldn't these same corporations just have made the argument to raise prices on everything and not just imported products?
Funny how people have this take whenever it's convenient. If you don't believe in livable wages, you claim it'll hike up prices despite US franchises in places like Denmark having to operate paying living wages for years and do just fine there despite more stringent food and labor laws. When corporations do this under Biden it's all Biden's fault but when it's about to happen directly due to a policy under Trump(Tariffs), this is the tune you choose to sing. I never understood why 'corporations are just greedy and will set prices at whatever they think the public will allow them' isn't just a consistent belief across the board because it's true.
j3lademaster
11-29-2024, 02:08 PM
you're right, they could absorb the tariff, but for the same reason walmart and these other large corporations are releasing statements that tariffs will increase prices, they simply won't absorb it. they will pass it on to us, the consumer. it's always been like that. open up your electricity or other utility bill and you'll see all these seperate fees (taxes mostly) that are passed on to you.
They've trained republicans to have this mindset for decades. They gaslighted them into thinking paying some poor schmuck at mcdonald's $15/.hr was somehow going to break the bank and force them to charge $12 for big macs. If corporations aren't going to absorb livable wages for their own employees why would they for tariffs? And back on to being against raising min wage... people who believe that shit... why the hell would you believe corporations would actually pay well for domestic manufacturing jobs?
Media Moderator
11-29-2024, 03:07 PM
Welcome to 2024, cabron.
https://novalinkmx.com/2019/01/21/6-misconceptions-manufacturing-in-mexico/
That's just a fluff piece. Americans trounce Mexicans in both productivity and of course quality. It's not even close. Go Google the figures. I'd post them here but it's embarrassing for you tbh
TheMan
12-01-2024, 11:13 PM
That's just a fluff piece. Americans trounce Mexicans in both productivity and of course quality. It's not even close. Go Google the figures. I'd post them here but it's embarrassing for you tbh
Post em then dawg
Chick Stern
12-04-2024, 02:19 AM
A big chunk of foods that Americans consume is imported from Mexico. You really want to spend a whole lot more on something you need to survive?
Middle America will pay more, and largest producer California will reap the benefits of the higher prices.
rawimpact
12-04-2024, 03:49 PM
Fantastic news for US farmers. Mexico should be another 10% like China and take responsibility for what they've already done to the country.
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