Congress ceded too much of the tarriff power to the executive, they have it by article 1 section 8. If this gets too painful as we approach mid-terms, they may elect to claw back that power and try to correct things themselves.
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- Thread starter Warstud
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Congress ceded too much of the tarriff power to the executive, they have it by article 1 section 8. If this gets too painful as we approach mid-terms, they may elect to claw back that power and try to correct things themselves.
Do some research, like look at what countries the US put tariffs on back in 2020. The US putting tariffs on other countries isn't a "new" thing that just happened now. Stepping it all up and starting a new level of a tariff world war is a new thing.
The US began using tariffs starting with the Tariff Act of 1789. Tariffs have been used in various targets since then.
Recent examples are the 2024 China tariffs on solar panels and EV batteries.
This has been a "ripping off the band-aid" event. Its by and large all out there now, mostly priced in I guess.
The VIX is north of 30, and the Fear and Greed index is at 8 of 100. I DO NOT know where the bottom is but I view this as good LONG TERM buying opportunity.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=VIX&insttype=Index
https://www.cnn.com/markets/fear-and-greed
The VIX is north of 30, and the Fear and Greed index is at 8 of 100. I DO NOT know where the bottom is but I view this as good LONG TERM buying opportunity.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=VIX&insttype=Index
https://www.cnn.com/markets/fear-and-greed
Today was the biggie, but the market decline has been going on for weeks now. The question is, what's next?
Investors which I am one , don't give two poops what unfair tariffs do to this country. Talk about short-sighted they care about tomorrow's profits that's it . I'll put up with some pain to turn this ship around .
I'd say a continued economic decline as prices increase, people buy less, companies cut back or fold due to reduced sales, product availability decreases, etc. Doesn't like like the kind of things that would make the economy grow and be all "rosy".
Mostly a short term/day trader kind of viewpoint. The markets are basically turning into that these days.
No I'm not a day trader , I will occasionally buy and flip something but that's not my thing . I'm 100% with this tariff situation, even though right now everybody is taking a hit.
I'd plan on staying in for a pretty long time ... "turn around" time could be a lot longer than some think. Takes years for big manufacturing to move, and as said easier that move is going to increase cost of products and have other economic ramifications. It's a double-edged sword. Short term/day trading might be the only way to make anything, if they can time it right with the buy low/sell high moves.
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edyvw
$50 site donor 2025
But, we went away from tariffs as the primary funder of the federal government in 1913 with the establishment of income tax. Basically, the burden until then was on the small guy, while rubber barrons never paid into it.
Since then, tariffs have almost exclusively surgically applied, except for the Smoot-Hawley Act, and we know how that ended, and this is what happened yesterday, which, by the way, is actually even more draconian than the Smoot-Hawley.
edyvw
$50 site donor 2025
It will be hard to do it. Don't forget that the President has to sign it, and he will veto it for sure. Than you need 2/3 of Congress.
Could happen. Were long overdue either way. Still not sure how we get to a recession with $2T in deficits, but what do I know. Any suggestions on hedging?
What are they going to do. There all net exporters. China doesn't want BMW's and Germany doesn't want maple syrup. They need customers - they all want to be sellers. If there was this huge pent up demand for other countries to buy there stuff, they would be selling it to them already. They can huff and puff - they have no other buyers. The US consumer is the buyer of last resort.
Sounds like a rant? The stated goal is for countries to build factories in the USA so that American workers can have decent paying jobs. No idea if it will work. I hope it does - I am pro American worker.
See very little discussion. OK, recession maybe, are leaders are morons (not new at all). What are you buying or selling?
They probably have every single D on board and any R that is up for re-election would likely support it. I think it's plausible.
The tariffs will run their course in time. Almost every country needs the USA more than we need them. Canada is a like a poodle barking and biting at a pit bull. Some will end earlier, some will end later, but they will level out and volatility will decrease. Also, three Fed cuts are now much more likely through the rest of the year. After a tumultuous spring/summer, I look forward to a profitable fall/ winter and spring of 2026.
Small business, which tends to operate on credit and critical cash flow, will be hit first. Price increases and any slow down will be painful. Small business is a big component "engine" of our economy.
