Stock Market is f*cked

[TheMan]

The storm isn't even close to over. This is just the start. The tariffs and fallout from them haven't even begun. And the fallout from all the layoffs hasn't been seen yet.

In fact I'd say this is just the quiet before the storm.

That depends if Trump calls them off within the next few hours, days or week claiming he got what he wanted...if they are prolonged though, prepare thy anuses

[HoopsNY]

I've noticed no one in the media is talking about the fact that the Republicans have not offered a tax plan to lower middle class income taxes. All they've done is renew the 2017 plan and eliminate tax on tips, overtime, and social security benefits.

Higher prices due to tariffs only work if you reduce middle class taxes.

[highwhey]

I've noticed no one in the media is talking about the fact that the Republicans have not offered a tax plan to lower middle class income taxes. All they've done is renew the 2017 plan and eliminate tax on tips, overtime, and social security benefits.

Higher prices due to tariffs only work if you reduce middle class taxes.

you're a psychopath. you can only focus on your wants and desires. how about standing up and clapping for the kid that beat brain cancer?

[j3lademaster]

I've noticed no one in the media is talking about the fact that the Republicans have not offered a tax plan to lower middle class income taxes. All they've done is renew the 2017 plan and eliminate tax on tips, overtime, and social security benefits.

Higher prices due to tariffs only work if you reduce middle class taxes.

Then who will pay for the corporate tax cuts?

[HoopsNY]

Then who will pay for the corporate tax cuts?

I don't believe in lowering corporate taxes anymore than we already did. I'm actually very fiscally conservative and believe that we need a robust system that allows business to flow freely. The free market is what we should have. But in order to have capitalism, you have to have a stable middle class.

Republicans are liars who claim they're for the American people yet time and time again they fail us. The tariffs only increase the cost of goods and services while wages lag and middle class taxes remain where they are. This is counterintuitive.

[Off the Court]

Let's see how quickly Trump can erase all of Biden's gains. And never once did Biden tout everyone's 401k as some proof of success.

Hard times

[Off the Court]

Where are all the MAGA posters?

[TheMan]

MEX president Claudia Sheinbaum is a cautious leader, she has yet to hit US imports with the tariffs since she knows tariffs hits her countrymen, unlike the Don who seems to think the exporting country pays them I guess unlike Canada and China, she wanted to wait and see if a deal can be reached with the Orange buffoon but she called a meeting for Sunday where she will slap on those tariffs, tit for tat...dis gun' b gud. Oh and good on Canada, they're making sure their tariffs targets and hit especially hard the red states for maximum effect haha, they still have a few cards up their sleeve, they should cut the electrical power the US gets from Canada

[Media Moderator]

Mexico was just given another month extension. It's a smart move for a couple of reasons. First divide and conquer, Trump doesn't have to concentrate on Canada, China, and Mexico all at the same time. Plus Mexico will be less inclined to join Canada in any joint resistance against the US for the time being. While Canada will feel the full immediate impact of the trade war. It's going to hurt them a LOT more even if Europe tries to help a little. Second of all the border is all but shut down to a trickle. Obviously a lot of this has to do with Mexico's help on the other side, at least until the border is permanently reinforced on our side

[TheMan]

Mexico was just given another month extension. It's a smart move for a couple of reasons. First divide and conquer, Trump doesn't have to concentrate on Canada, China, and Mexico all at the same time. Plus Mexico will be less inclined to join Canada in any joint resistance against the US for the time being. While Canada will feel the full immediate impact of the trade war. It's going to hurt them a LOT more even if Europe tries to help a little. Second of all the border is all but shut down to a trickle. Obviously a lot of this has to do with Mexico's help on the other side, at least until the border is permanently reinforced on our side

So he backed off...again

I guarantee he will say he reached an agreement with Canada shortly, maybe even with Chinaaah haha...you seem to not grasp that the US needs Canadian exports, Canada wants US exports, the US buys Canadian oil on the cheap, sure the US can use their own oil but that would drive gas prices up as they won't be getting cheap oil any longer and also a bunch of US states depend on Canadian electrical power, the US simply can't replace that quickly if Canada decides they won't supply it any longer as long as the tariffs persist. What part of that equation don't you get?

Wall Street called and talked some sense into that buffoon, Dow Jones was tanking again...

Oh and this is yet again Sheinbaum being a boss

[TheMan]

Another point Media Moderator, haven't you written here before a few times that these tariff wars were necessary, that sure it would cause economic strife for a long stretch but that the outcome (US getting their manufacturers back) would be good in the long run??? So what's up with that? All Trump's trade wars so far have accomplished is stock market uncertainty and making both Canada and Mexico, number one and number two buyers of US exports, start looking for more reliable trading partners than the US without the goal of US companies coming back home nowhere in sight...a heads up, that ship has sailed a loooong time ago, bud.

[Media Moderator]

So he backed off...again

I guarantee he will say he reached an agreement with Canada shortly, maybe even with Chinaaah haha...you seem to not grasp that the US needs Canadian exports, Canada wants US exports, the US buys Canadian oil on the cheap, sure the US can use their own oil but that would drive gas prices up as they won't be getting cheap oil any longer and also a bunch of US states depend on Canadian electrical power, the US simply can't replace that quickly if Canada decides they won't supply it any longer as long as the tariffs persist. What part of that equation don't you get?

Wall Street called and talked some sense into that buffoon, Dow Jones was tanking again...

Oh and this is yet again Sheinbaum being a boss

He's not backing off anything. It's just another month. Obviously Trump doesn't want Mexico and Canada joining forces. Plus there ARE some 25% tariffs going into effect for Mexico just not across the board. And for the month extension Mexico will send 25 cartel leaders hand picked by the US to be tried on our side of the border.

[TheMan]

Ok bro

[highwhey]

Mexico was just given another month extension. It's a smart move for a couple of reasons. First divide and conquer, Trump doesn't have to concentrate on Canada, China, and Mexico all at the same time. Plus Mexico will be less inclined to join Canada in any joint resistance against the US for the time being. While Canada will feel the full immediate impact of the trade war. It's going to hurt them a LOT more even if Europe tries to help a little. Second of all the border is all but shut down to a trickle. Obviously a lot of this has to do with Mexico's help on the other side, at least until the border is permanently reinforced on our side

[Off the Court]