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are you serious?
*Investors Blog*
- Thread starter Warstud
- Start date
He is...
Zee09
$200 Site Donor 2023
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Dead serious...
It will be interesting to see what happens in the long term. It seems to me that its going to be expensive for companies to do business in the US as they have to build manufacturing there now, but exporting to other markets is going to be uncompetitive from the US, so companies will have to have another manufacturing plant in a reliable free-er trade country to sell products to the rest of the world?
I went and took advantage of free Supercharging in our Tesla. Slight dip in the stock price due to that...
The fact is that it is a world economy with complex supply chains and the market as we knew it had already figured out the most efficient and cheapest way to produce something. Much like the steel and aluminum tariffs from a few years ago, 1,000 steel/aluminum jobs were created and 75,000 manufacturing jobs that used steel and aluminum were eliminated due to the increased cost. There are too many products and services to list that can not and never will be able to be produced here for the cost they are made in other countries and we all will pay the difference. Factor in the potential loss of economies of scale as other countries boycott our products and it gets worse. We can be as insular as we want and the rest of the world economy will adapt without us and move on from us. You know unless someone from another country really just has to have a US made Ford or Chevy...lol.
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Put something like this into chatgpt, grok, whatever AI system you like and see what it says. Or just do some searching yourself on the topic.
"write a summary on the benefits the US gets from the USD being the global currency of trade, and what is the cost to the world of the US printing money?"
I'm certainly no expert in international currency and trade policy, but the responses jive with what I have learned.
And that will also increase prices of products due to the capital cost of moving & building factories here - and it takes a lot of time to do something like that. Also having to pay higher worker wages and benefits, etc. Cost of products after rolling all that in might be higher than if there's a big tariff on them. Some will fold. The whole reason all that manufacturing went outside the country is to cut costs and increase profits (some corporate greed of course involved). If the US worker settled for minimum wage, it might work here, lol. Thing is, the plan is chaos because of multiple factors, and trying to essentially do it over-night is pretty short sight thinking.
Not the tariff blog. Investors blog.
No idea if tariffs are good or bad? Doesn’t matter because the globe has 350% of GDP in debt and no way to pay for it. So current system ends shortly either way. The last 30 years were an anomaly paid for by credit card.
In the mean time I suggest making as much money as you can - while you can.
No idea if tariffs are good or bad? Doesn’t matter because the globe has 350% of GDP in debt and no way to pay for it. So current system ends shortly either way. The last 30 years were an anomaly paid for by credit card.
In the mean time I suggest making as much money as you can - while you can.
Zee09
$200 Site Donor 2023
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I just didn't get fired up either...
Oh man if you only knew how low they actually were and how much trade it takes to trigger* some of them. Tariffs are a tax on consumers. The poor and middle class will bear the brunt of it. Yes, they may get a higher paying job but their purchasing power will not increase. Then largesse will set in as "protected" industries lose their competitiveness (ex, 1950-1960's US auto manufacturers). NVM that as Americans reduce their spending on imports the $$ in tariffs collected will also drop which means tax increases assuming of course that the tariffs revenue isn't redirected to "favored" industry who are getting crushed under retaliatory tariffs. Vote buying anyone?
*A tariff on US dairy into Canada has frequently been mentioned but people don't know that the tariff is rarely if ever triggered because the volume of US dairy moving into Canada is soo low.
Your last line made my day . Lol
Yes, but that’s Not what’s being discussed?
If you said tariff will cause recession so I’m buying bonds, OK. Or if you say tariff will cause inflation so I am buying gold. OK.
But that is not what is being discussed.
OK, how's this ... I think this whole "tariff world war" that was kicked off will cause a recession if people driving the boat don't wake up quickly. The world is already reacting, and they aren't going to sit back and take it. People driving the boat are short sighted and in their own world of power and retribution, which won't work out well economically in a tariff world war in today's world. What's being discussed is the effect of tariffs across the board, and how it most likely will effect the economy, which is what investors care about.
But -,so all countries can but USA can’t is ok?
