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-   -   Tariff Stare Down (https://www.talkofthevillages.com/forums/investment-talk-158/tariff-stare-down-357929/)

rustyp 04-10-2025 10:49 AM

Quote:

Originally Posted by Aces4 (Post 2422949)
When factories were closed down and moved overseas, it wasn't because the American worker quit.. it was because of the artificially low priced products being dumped here from offshore manufacturing. Artificially because we all pay out of our pockets for the jobless population, big time.

I miss the high quality products from American hands. Shoes, clothing, machinery, furniture.. you name it. Now we have a lot of disposable cr*p.

My Toyota Camry delivers me all the quality I require.
My $198 50 inch Onn tv works just fine.
My Whirlpool dishwasher broke in December.

jimjamuser 04-10-2025 10:53 AM

Quote:

Originally Posted by NoMo50 (Post 2422844)
Not naive at all. This was a move on the global chessboard thought out well in advance. And yes...the "saving face" aspect plays into the anticipated response.

China's economy simply does not work without the markets in the USA. Period. They have effectively been placed into a box, all alone. We'll see how they respond.

I am wondering how this global economic fight initiated by the US helps world economics. And then is there any :unintended consequences that get reflected back on the US. We certainly are NOT making any FRIENDS in the free world. And I wonder if we are making any friends in the non-free world?

GWilliams 04-10-2025 10:55 AM

Quote:

Originally Posted by MorTech (Post 2422723)
Looks like China and the EU are the only ones not to blink :)

Negotiations are ongoing.

fdpaq0580 04-10-2025 11:17 AM

Quote:

Originally Posted by GWilliams (Post 2422996)
Negotiations are ongoing.

Tariffs on hold for 90 days? Sounds like "we (?)" blinked when they didn't.

fdpaq0580 04-10-2025 11:21 AM

Quote:

Originally Posted by waterflower (Post 2422900)
Currency war

AKA "economic terrorism" by some.

Pugchief 04-10-2025 11:39 AM

Quote:

Originally Posted by rustyp (Post 2422993)
My $198 50 inch Onn tv works just fine.
My Whirlpool dishwasher broke in December.

Not at all random or anecdotal. [/eyeroll]

jimjamuser 04-10-2025 01:13 PM

Quote:

Originally Posted by fdpaq0580 (Post 2423003)
Tariffs on hold for 90 days? Sounds like "we (?)" blinked when they didn't.

I bet that the newspapers in Canada have NICE things to say about us.

fdpaq0580 04-10-2025 01:23 PM

Quote:

Originally Posted by jimjamuser (Post 2423037)
I bet that the newspapers in Canada have NICE things to say about us.

Only if by "NICE" you mean "HUMILIATING". PS, and well deserved, imo

Normal 04-10-2025 01:58 PM

It has always been there
 
Quote:

Originally Posted by jimjamuser (Post 2422995)
I am wondering how this global economic fight initiated by the US helps world economics. And then is there any :unintended consequences that get reflected back on the US. We certainly are NOT making any FRIENDS in the free world. And I wonder if we are making any friends in the non-free world?

This fight was “initiated” long before now. Tariffs are used by almost every country, they manipulate trade. We have turned the other cheek for way too long. It is correct to address deficit and debt to get our country in order. Tariffs contribute to our trade deficit.

eyc234 04-10-2025 02:12 PM

Quote:

Originally Posted by GWilliams (Post 2422996)
Negotiations are ongoing.

:shrug: No proof of that! That is what has been said for the last 3 months and no arrangements.

jimjamuser 04-10-2025 02:39 PM

Quote:

Originally Posted by fdpaq0580 (Post 2423045)
By the way, just a reminder that the trade agreements with Canada and Mexico that Mr. T railed at and implied only an idiot would have signed and were so bad for the US, were His proposal USMCA from the g20 conference, 2019.
Not taking sides, just looking at history related to the current tariff situation to try and make sense of it.

The average person does NOT like CHANGE. They don't like to gamble, especially with hard earned money in investment accounts. They prefer economic STABILITY and investments with minimum downsides and a CONSTANT, while small upside. Today we have MAXIMUM financial change. Leaving the small investors perplexed and frightened. Small investors were surprised by the SUDDEN CHANGE to Tariffs for virtually everyone. The question then is, "What class of investors would BENEFIT in this NEW and quickly changing world". I would imagine that it would be those INVESTORS that ALWAYS have benefited from rapid change. Those that probably KNOW that the change is coming. That would be the upper 1 % in the US and world. They communicate with EACH other, not the lowly bottom feeding 99%. The 1% KNEW that radical universal tariffs would start the US market DOWN. So, that was their chance to SHORT the market. It was a no-brainer for the 1% and a fantastic opportunity, with zero risk. They just have to NOT be too greedy and get out before the market comes back. They can even BUY on the way back up. Likely they benefited from some sort of insider information.

Topspinmo 04-10-2025 03:55 PM

Quote:

Originally Posted by kkingston57 (Post 2422801)
Islands inhabited with penguins only were 1st in line.

Maybe the penguins has high tariff on imported fish? Fish from middle of Congo want to get eaten with paying a tariff? :oops:

Topspinmo 04-10-2025 03:56 PM

Quote:

Originally Posted by jimjamuser (Post 2423059)
The average person does NOT like CHANGE. They don't like to gamble, especially with hard earned money in investment accounts. They prefer economic STABILITY and investments with minimum downsides and a CONSTANT, while small upside. Today we have MAXIMUM financial change. Leaving the small investors perplexed and frightened. Small investors were surprised by the SUDDEN CHANGE to Tariffs for virtually everyone. The question then is, "What class of investors would BENEFIT in this NEW and quickly changing world". I would imagine that it would be those INVESTORS that ALWAYS have benefited from rapid change. Those that probably KNOW that the change is coming. That would be the upper 1 % in the US and world. They communicate with EACH other, not the lowly bottom feeding 99%. The 1% KNEW that radical universal tariffs would start the US market DOWN. So, that was their chance to SHORT the market. It was a no-brainer for the 1% and a fantastic opportunity, with zero risk. They just have to NOT be too greedy and get out before the market comes back. They can even BUY on the way back up. Likely they benefited from some sort of insider information.

Average persons have no investments especially in stock market.

Topspinmo 04-10-2025 03:58 PM

Quote:

Originally Posted by fdpaq0580 (Post 2423008)
It doesn't.
And imho, our "leadership" doesn't understand the concept of friendship, and only wants tools that can be easily manipulated. Time will tell.
Have a nice day. 🙂

A friend don’t charge you double or triple.

Aces4 04-10-2025 04:13 PM

Quote:

Originally Posted by Danube (Post 2422972)
Losing in the ukraine... what is (western) Europe going to do about it? Invade?

Right now the discussion is about tariffs so I'm going to focus on the subject on hand and not bring up every other world issue of which I can think.

Aces4 04-10-2025 04:19 PM

Quote:

Originally Posted by rustyp (Post 2422987)
My Toyota Camry delivers me all the quality I require.

I don't doubt that you like it, was it manufactured in their American plant?

AI Overview: Toyota Camry is assembled in the United States, specifically at Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) in Georgetown, Kentucky.

Aces4 04-10-2025 04:25 PM

Quote:

Originally Posted by jimjamuser (Post 2422995)
I am wondering how this global economic fight initiated by the US helps world economics. And then is there any :unintended consequences that get reflected back on the US. We certainly are NOT making any FRIENDS in the free world. And I wonder if we are making any friends in the non-free world?

Perhaps you could go back to the people who over the past thirty years have claimed that something needs to be done about the trade inequities. They are silent now but then again, I'm not surprised.

Aces4 04-10-2025 04:28 PM

Quote:

Originally Posted by jimjamuser (Post 2423037)
I bet that the newspapers in Canada have NICE things to say about us.

Seriously? You aren't going to look at what has been going on in full detail so you are educated on the when, wheres and whys but you're wondering how Canada's newpapers read? Yikes!:22yikes:

rustyp 04-10-2025 04:37 PM

Quote:

Originally Posted by Aces4 (Post 2423079)
I don't doubt that you like it, was it manufactured in their American plant?

AI Overview: Toyota Camry is assembled in the United States, specifically at Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) in Georgetown, Kentucky.

Japanese technology.

Independent of where a Camry is ASSEMBLED 100% of the parts are sourced from the same source - including Camrys made in Japan.

Stu from NYC 04-10-2025 04:37 PM

Quote:

Originally Posted by eyc234 (Post 2423052)
:shrug: No proof of that! That is what has been said for the last 3 months and no arrangements.

We have no way of knowing one way or another as to whether negotiations are going on but logically believe they are.

Stu from NYC 04-10-2025 04:38 PM

Quote:

Originally Posted by fdpaq0580 (Post 2423003)
Tariffs on hold for 90 days? Sounds like "we (?)" blinked when they didn't.

Or we are getting what we asked for.

Stu from NYC 04-10-2025 04:40 PM

Quote:

Originally Posted by Aces4 (Post 2423079)
I don't doubt that you like it, was it manufactured in their American plant?

AI Overview: Toyota Camry is assembled in the United States, specifically at Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) in Georgetown, Kentucky.

And it is a very well made car

Aces4 04-10-2025 04:41 PM

Quote:

Originally Posted by jimjamuser (Post 2423059)
The average person does NOT like CHANGE. They don't like to gamble, especially with hard earned money in investment accounts. They prefer economic STABILITY and investments with minimum downsides and a CONSTANT, while small upside. Today we have MAXIMUM financial change. Leaving the small investors perplexed and frightened. Small investors were surprised by the SUDDEN CHANGE to Tariffs for virtually everyone. The question then is, "What class of investors would BENEFIT in this NEW and quickly changing world". I would imagine that it would be those INVESTORS that ALWAYS have benefited from rapid change. Those that probably KNOW that the change is coming. That would be the upper 1 % in the US and world. They communicate with EACH other, not the lowly bottom feeding 99%. The 1% KNEW that radical universal tariffs would start the US market DOWN. So, that was their chance to SHORT the market. It was a no-brainer for the 1% and a fantastic opportunity, with zero risk. They just have to NOT be too greedy and get out before the market comes back. They can even BUY on the way back up. Likely they benefited from some sort of insider information.

So you didn't get the message tariffs were coming and the date? How did you miss that?

We had to go out for errands today and strangely enough, didn't see anyone shaking, cowering in corners, crying or red eyed or wringing their hands. The world is still turning and time is needed to accomplish the goal. Hopefully, trade will be balanced on the needs of every country so EVERY COUNTRY has the opportunity for fair trade without tariffs, excise taxes, VATS and non-tariff barriers.

Also bringing certain manufacturing back to the USA is critical for the security of this nation so essential supplies are not withheld from us if a disagreement or worse happens.

Aces4 04-10-2025 04:47 PM

Quote:

Originally Posted by rustyp (Post 2423085)
Japanese technology

And American manufacturing skills, beautiful!

Architects may design homes but it's the labor which creates the finished product and often have to correct errors in the plans.

Aces4 04-10-2025 04:57 PM

Quote:

Originally Posted by rustyp (Post 2423085)
Japanese technology.

Independent of where a Camry is ASSEMBLED 100% of the parts are sourced from the same source - including Camrys made in Japan.

And you're sure Americans could never cast or create identical parts because after all, we have become stupid and lazy. I whole heartedly disagree.

Ours is the country that built ships and airplanes quickly during WWII and is teaming with innovation and brilliance counter to what some would have us believe and continue to espouse. If you tell someone often enough that they can never do that, they begin to believe you.

rustyp 04-10-2025 04:57 PM

Quote:

Originally Posted by Aces4 (Post 2423090)
And American manufacturing skills, beautiful!

Architects may design homes but it's the labor which creates the finished product and often have to correct errors in the plans.

90% of assembly lines = robots. Robots don't make errors. Humans that program robots make errors.

jimjamuser 04-10-2025 05:14 PM

Quote:

Originally Posted by Aces4 (Post 2423084)
Seriously? You aren't going to look at what has been going on in full detail so you are educated on the when, wheres and whys but you're wondering how Canada's newpapers read? Yikes!:22yikes:

Yes, Canada is our LARGEST trading partner. Also until recently Canada was our friend and followed us into 2 World War. So now out of the BLUE (the red, white, and blue) we pull a fast one on them and lay Tariffs on them. We, the US of A, are the bad guys in this movie. We should be ashamed.

Aces4 04-10-2025 05:25 PM

Quote:

Originally Posted by jimjamuser (Post 2423100)
Yes, Canada is our LARGEST trading partner. Also until recently Canada was our friend and followed us into 2 World War. So now out of the BLUE (the red, white, and blue) we pull a fast one on them and lay Tariffs on them. We, the US of A, are the bad guys in this movie. We should be ashamed.

Why don't you do some actual fact checking on Canadian tariffs and restrictions for trade with American and get back to us.

I am not ashamed and a fast one wasn't pulled and that language creates hate which isn't needed in the trade conversation.

I love Canada and Canadians even more. We have met some wonderful Canadians in The Villages. If Canada would agree to discuss the trade restrictions and policies with the USA, who is to say what deal could be worked out. Toxic hyperbole is a nonstarter and does no country any favors.

Aces4 04-10-2025 05:27 PM

Quote:

Originally Posted by rustyp (Post 2423094)
90% of assembly lines = robots. Robots don't make errors. Humans that program robots make errors.

Good news, robot assembly lines, (which require human interaction), are in America and, therefore, we can bring that manufacturing back to the states.:wave:

rustyp 04-10-2025 05:31 PM

Quote:

Originally Posted by Aces4 (Post 2423093)
And you're sure Americans could never cast or create identical parts because after all, we have become stupid and lazy. I whole heartedly disagree.

Ours is the country that built ships and airplanes quickly during WWII and is teaming with innovation and brilliance counter to what some would have us believe and continue to espouse. If you tell someone often enough that they can never do that, they begin to believe you.

I believe we can cast or create parts identical. However I do believe in capitalism - best part at best price. I don't know how to cope with an uneven playing field. On the other hand I personally would be a hyprocrypt to prescribe to two wrongs make a right. Above my pay grade. As far as WW2 no other industrialized country was in the position we were due to the fact of our location remote from the battle fields and other frontliners having the misfortune of their infrastructures being wiped out.

jimjamuser 04-10-2025 05:40 PM

Quote:

Originally Posted by Aces4 (Post 2423089)
So you didn't get the message tariffs were coming and the date? How did you miss that?

We had to go out for errands today and strangely enough, didn't see anyone shaking, cowering in corners, crying or red eyed or wringing their hands. The world is still turning and time is needed to accomplish the goal. Hopefully, trade will be balanced on the needs of every country so EVERY COUNTRY has the opportunity for fair trade without tariffs, excise taxes, VATS and non-tariff barriers.

Also bringing certain manufacturing back to the USA is critical for the security of this nation so essential supplies are not withheld from us if a disagreement or worse happens.

I agree with the last paragraph. High end semiconductors, medical equipment, and national security equipment need to be made in the USA. The difference, I see, is that these things take years (maybe 3 or 4) to operationalize. A large factory might take 6 to 10 years to get going. AI and robotics need to be part of top end products. We have, at least, two advantages over China. We don't have to ship goods over a large ocean to get our products to us. When we trade with China they STEAL our technology. And our LARGEST market Canada is very close to us and up until recently, we had great working relations between us and Canada. China has the disadvantage of its political system.

jimjamuser 04-10-2025 05:48 PM

Quote:

Originally Posted by Aces4 (Post 2423093)
And you're sure Americans could never cast or create identical parts because after all, we have become stupid and lazy. I whole heartedly disagree.

Ours is the country that built ships and airplanes quickly during WWII and is teaming with innovation and brilliance counter to what some would have us believe and continue to espouse. If you tell someone often enough that they can never do that, they begin to believe you.

The US DID have some advantages before and after WW2. Back then we had a REAL middle class with wealth brought about by relatively good primary and secondary schools and large labor union participation. Also there was a tax system that favored the middle class and NOT the upper class like today.

Aces4 04-10-2025 05:54 PM

Quote:

Originally Posted by jimjamuser (Post 2423110)
I agree with the last paragraph. High end semiconductors, medical equipment, and national security equipment need to be made in the USA. The difference, I see, is that these things take years (maybe 3 or 4) to operationalize. A large factory might take 6 to 10 years to get going. AI and robotics need to be part of top end products. We have, at least, two advantages over China. We don't have to ship goods over a large ocean to get our products to us. When we trade with China they STEAL our technology. And our LARGEST market Canada is very close to us and up until recently, we had great working relations between us and Canada. China has the disadvantage of its political system.

I agree with your statements for the most part in that I feel our relationship is going to recover with Canada and I hope they also will be successful with their new president at the helm.

Factories can be established far quicker than 6-10 years. It will be amazing what can happen here when our citizens have goals and jobs outlined for them. It was astonishing what the USA did for WWII after having a large number of our planes and ships destroyed. We need to pull together as a country, we will be up to the challenge.

Stu from NYC 04-10-2025 06:03 PM

Quote:

Originally Posted by Aces4 (Post 2423104)
Why don't you do some actual fact checking on Canadian tariffs and restrictions for trade with American and get back to us.

I am not ashamed and a fast one wasn't pulled and that language creates hate which isn't needed in the trade conversation.

I love Canada and Canadians even more. We have met some wonderful Canadians in The Villages. If Canada would agree to discuss the trade restrictions and policies with the USA, who is to say what deal could be worked out. Toxic hyperbole is a nonstarter and does no country any favors.

Well said. Sad that some Americans think so poorly of their country and its people.

Aces4 04-10-2025 06:09 PM

Quote:

Originally Posted by jimjamuser (Post 2423111)
The US DID have some advantages before and after WW2. Back then we had a REAL middle class with wealth brought about by relatively good primary and secondary schools and large labor union participation. Also there was a tax system that favored the middle class and NOT the upper class like today.

Yes, we had a steady middle class because employment, ambition and pride were in the mix. Labor unions, despite what you believe, are not the answers to all problems. If the jobs are here, companies will pay to keep their good employees and be profitable. Do you remember what schools were like in the 50's and 60's? The schools worked because children knew if they got in trouble or didn't finish their homework, Dad and Mom would be on their case. Teachers now want to quit rather than deal with the many children raised with permissiveness and no boundaries but that is another thread and time.

And I don't believe in a "one class" society, it kills incentive and innovation unless your leader is holding a weapon to one's head. I'll pass.

kkingston57 04-10-2025 06:32 PM

[QUOTE=SoCalGal;2422975]You understand why uninhabited islands were included, right?

Tariffs, which imposed a baseline 10% tax on imports from over 180 countries and territories, included remote and uninhabited locations like the Heard and McDonald Islands, an Australian territory in the sub-Antarctic with no human population. Several explanations have emerged for this unusual decision.

One key rationale, articulated by U.S. Commerce Secretary Howard Lutnick, is the aim to close potential loopholes in trade policy. Lutnick argued that listing even uninhabited territories prevents other countries from exploiting them as conduits to ship goods into the U.S. and evade tariffs. This perspective suggests a deliberate strategy to ensure no region, regardless of its population or economic activity, could be used to circumvent the tariffs, drawing from past experiences where countries like China rerouted exports through third parties during Trump's first term.[/QUOTE


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