Canada may make the situation worse because they won't cave and take the nonsense. Makes for a good documentary, lol.
*Investors Blog*
- Thread starter Warstud
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The Tariffs put on in 2017 stopped Chinese steel dumping, and the US steel industry is going through a nice renaissance. The first green field projects in decades. All of those tariffs are still are in place - they were never removed.
The Chips act is the same as a tariff - rather than a tax we simply subsidize to make it less fare for off-shore manufacturers. Everyone here seems quite happy with this.
They always site the drop in US exports due to tariffs during the depression, but exports dropped by less than global GDP. Exports slowed because the world was in depression and overall buying less. Don't trust data you have not manipulated yourself.
Most countries have a VAT. Same thing. Want to ship something to Germany - you pay 19% tax on entry. Most other euro countries also.
There has never been a country with a bigger trade deficit. Historically currencies would float and offset the tariff - ie our currency value would fall. Except our currency has risen a bunch. The rest of the world is already into manipulation and yield curve control. Even the Canadians. Of course they will never call it that - they make up pretty names. They said they will stop selling and start buying bonds in April.
Your old "history" was based on sound money - can't be applied post 1971 in the fiat world because currency can be manipulated to whatever you want it to be.
Anyway this is macro economics not investment anyway.
The Chips act is the same as a tariff - rather than a tax we simply subsidize to make it less fare for off-shore manufacturers. Everyone here seems quite happy with this.
They always site the drop in US exports due to tariffs during the depression, but exports dropped by less than global GDP. Exports slowed because the world was in depression and overall buying less. Don't trust data you have not manipulated yourself.
Most countries have a VAT. Same thing. Want to ship something to Germany - you pay 19% tax on entry. Most other euro countries also.
There has never been a country with a bigger trade deficit. Historically currencies would float and offset the tariff - ie our currency value would fall. Except our currency has risen a bunch. The rest of the world is already into manipulation and yield curve control. Even the Canadians. Of course they will never call it that - they make up pretty names. They said they will stop selling and start buying bonds in April.
Your old "history" was based on sound money - can't be applied post 1971 in the fiat world because currency can be manipulated to whatever you want it to be.
Anyway this is macro economics not investment anyway.
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Largest bubble by all metrics in history. Twice the size of 1999. Could go on for a long time more. When it ends, will be epic.
Some folks could start by reading this: https://wolfstreet.com/2025/01/13/s...-trumps-new-economic-team-said-about-tariffs/
Rather than getting pop news, and worse letting people who know nothing of macro or investing influence monetary decisions.
Just so people understand, if it wasn’t for oil imports, the USA would run a trade SURPLUS with Canada. Yes, today is Tariff day, there might be a separate announcement on tariffs on Canadian crude oil.
Yes, all indicators are that Canada will put in in retaliatory tariffs. Dollar for dollar. I’m hoping we can have tariff thread and discuss what will be happening.
Just to start, here are the main things that the USA imports from Canada as of 2023.
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A lot of folks on this board have more money than they will ever spend anyway. Sure the market could go down but what does the market do historically? It goes up. No use panicking and selling unless you need the money and it's impossible to time the market. Buy the dips. As far as Nvidia, Apple, Microsoft, Amazon stocks to I am all in and not worrying about some Chinese chips that are questionable. My best two little guys are Netflix and Costco.
That is a bit disingenuous, given the USA sends about $50B of oil and refined fuel back the other way. USA also sends electricity back too - its a seasonal - geographic east Coast / West Coast thing.
I would agree arguing over energy makes no sense.
Either way, doesn't belong in this thread, IMHO - its macro economics at best, not investing.
The focus in the USA should be on refining our own crude oil. Look it up.
Yes, it will require major investments by refining companies. Twenty five percent of USA refining capacity depends on heavier crude oils, mostly from Canada.
Well, here is the Dow Jones as of Friday. Today will be the USA tariff announcement. We can decide later if this piece of news affected investing strategy one way or another.
JHZR2
Staff member
Someone has to pay for that palace.
I got notification from t-mobile that Netflix rates went up but they are still including it as a free service.
For this to have any relevance to this thread you need to tell me how you may or may not invest against this?Well, here is the Dow Jones as of Friday. Today will be the USA tariff announcement. We can decide later if this piece of news affected investing strategy one way or another.
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Its irrelevant anyway - the mandate is actually for this exact reason - those with global risk assets get richer, those without get poorer.
Besides you have the wrong metric. Causation is not correlation - its already at bubble levels. Here is the proper one. If it keeps going up I am investing off shore. In fact I may be already
I think the heavy crude is mostly refined into diesel fuel for the trucking industry so that will automatically increase trucking costs.
Special hint - if you want to know to the stock market does when the dollar goes up too much - go look at the last bear market started in 2022. When the USD gets too high dollar funding gets too expensive, global multi national loose money as do foreign countries. Its bad all over - including the USA market. But its not necessarily for the USA worker long term.
You can make diesel out of light sweet crude no issue. The reason crude is shipped here vs there is how the refinery is set up. You can't refine sweet crude in a heavy crude refinery and vice versa. These are all optimized for shipping costs. So most light crude goes to refineries in Houston. Most Heavy Crude goes to West Coast or old refineries in the midwest.
The US needs to build new refineries. They haven't built any in at least 20 years.
Yes, T-Mobel continued to credit our bill even when it went up the last time. That is the basic plan though with commercials, we always got the "standard" plan without. So T-mobile would credit our bill for the basic price and would charge the difference for the ad free.
It was nice deal, but then (for us) the so called "Uncarrier" (which if you notice they no longer advertise) raised our rates not once but twice.
1st time would charge us an extra $5 a month if we didnt pull our credit card and replace with a debit card for billing. Ok I gave in and did that. Then after being their customer for 2 years, the uncarrier decided to become like the other big two and raised our rates.
Sooooo... bye bye to them. I only signed up two years prior for two free iPhone 13s (with turning in our order iPhones) and I now pay almost about $40 less a month to US Mobile for 2 lines (2 lines $33 a month, actual payment) vs what we had as the Magenta 55+ plan with T-Mobile.
Watch out for China to make strategic alliances, and they have the Mfg might. Global supply chains are highly tied to China.
Other countries are not gonna lie down. Not to mention Canada and Mexico are our closest neighbors and allies.
Everybody loses.
