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Tariff Man and his tariff plan cause market plunges
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Interesting vid title. Also interesting that they specifically call out the work still to be done and where tariffs were before Tantrum Day.
Fair and balanced?
A Fox business reporter broke rank and called the deal a surrender, that both sides blinked and would not call it a win
Quote:
“Trump raised tariffs on the world [and] the markets, particularly the bond market—which we need to finance our debt—rebelled,” Gasparino tweeted. “Trump then was forced to back off. End of story. Film at 11 of the president spinning this as a major victory.
Determining which side has more (and stronger) points of leverage is a delicate, complex task. However, nobody who understands the history of US-China relations and trade patterns would claim the US has "zero" leverage.
To state the obvious - we imported $439 billion worth of goods from China in 2024. A blanket tariff of 145%, or even 85%, on Chinese goods will crimp our imports and may even bring them to a screeching halt. Already there are reports of layoffs at factories throughout China, spurring worker unrest and demonstrations in the countryside. Not something Xi wants to see.
Still want to claim the US has "zero" leverage?
Quote:
Originally Posted by lustylad
Still want to argue the US has "zero" leverage over China? Yes or no.
Remember, the question isn't whether we have more or less leverage than they do. The question is whether we have any. You said we have "zero" leverage.
Quote:
Originally Posted by tommy156
Lol. China keeps eating trump's lunch. Down from 145% to 30%? And trump thinks he has leverage?
He has none. Zero. Zip. Nada.
That sounds like a yes.
Except you're not offering any logical arguments, you're merely re-asserting and doubling down on a silly falsehood.
I already pointed out the significant leverage we possess as a result of buying over $400 billion worth of Chinese goods annually. The US has many other points of leverage too.
If we had "zero" leverage, then China could and would completely ignore us and not be engaged in direct negotiations with us.
Because most of his dumb, ill-advised tariffs have either been paused, walked back or taken away altogether. MAGA might buy his bullshit, but the stock market does not. trump took note and reversed course accordingly.
The tariffs haven't caused big price increases yet, because they largely don't exist. Classic smoke and mirrors to fool the poorly educated.
IF he implemented what he had been talking about, everything would be much more expensive right now. But trump's a pussy. All bark, no bite.
Because most of his dumb, ill-advised tariffs have either been paused, walked back or taken away altogether. MAGA might buy his bullshit, but the stock market does not. trump took note and reversed course accordingly.
The tariffs haven't caused big price increases yet, because they largely don't exist. Classic smoke and mirrors to fool the poorly educated.
IF he implemented what he had been talking about, everything would be much more expensive right now. But trump's a pussy. All bark, no bite.
1. Trump announces new Liberation Day tariffs on April 3rd. Gristle slams him.
2. Trump pauses the new tariffs for 90 days to start negotiating bilateral trade deals. Gristle slams him again.
3. Trump is offered new trade deals (by countries such as the UK and India) that reduce or completely eliminate the tariffs US exporters are subject to. Gristle and tommy (our resident "economists") slam him yet again.
So it appears whatever trumpy does - whether it leads to 1) higher tariffs, 2) unchanged tariffs, or 3) lower tariffs - Gristle and tommy will find reasons to despise the guy and say his actions are calamitous.
The 10% tariffs are in effect. So at no point have tariffs been left unchanged since before Tantrum Day. As are the previously implemented pre-Tantrum Day China tariffs.
And the de minimum exception for China isn't currently in play as it was before Tantrum Day
The 10% tariffs are in effect. So at no point have tariffs been left unchanged since before Tantrum Day. As are the previously implemented pre-Tantrum Day China tariffs.
The 10% tariff will be selectively lifted as final details are worked out with each country. Those "previously implemented China tariffs" were left unchanged during 4 years of Biden.
You do realize the US has an annual deficit of $1.2 trillion in its overall goods exchanges with the rest of the world, right? What's your remedy? Or are you too busy playing Debbie Downer to come up with a remedy?
Never mind, Gristle. Keep up your nit-picking. My point is - you would find fault in the Magna Carta if it had been drafted at Runnymede by Baron Donald Trump.
You forgot when Trump added tariffs to China and left them in place but paused Canada and Mexico tariffa post-inaguration but pre-Tantrum Day.
His tariff cure-all can't do all of the things he has promised, or that many MAGA's insist will happen. He's also added a good bit to the debt and his current plans will expand the deficit and the debt further.
Don't pretend otherwise. The King of Debt will not solve the debt with tariff revenue, nor will it be solved in his lifetime. Not with the trillions he will add to it on top of the trillions he has already added.
If you want to start a thread about how we productively solve the debt I may weigh in.
Fox considers the Trump / China deal a flip flop
