It looks like we’re heading for a depression

[phillyflyers]

Because a lot of young people these days were coddled all their lives and they don’t want to work hard .

Precisely.

They'll learn the hard way.

 

[stormtrooper8]

The problem is people think having a trade deficit with a country is automatically a bad thing

 

[phillyflyers]

The problem is people think having a trade deficit with a country is automatically a bad thing

That only works under specific conditions.

 

[stormtrooper8]

That only works under specific conditions.

You can believe in tariffs, but you have to admit that how this administration is going about enforcing tariffs is plain wrong

 

[stormtrooper8]

This is how the Trump administration calculates "tariffs against the US":


Tariff rate = Trade Deficit/exports to US

For example China:

Rate = 295.4 billion/439.9 billion = about 67%

Then US imposes about half of that on the country in response. So in this case, 34%. Every rate on that chart Trump showed in the Rose Garden was calculated that way.

For countries that the US has a trade surplus with, the US imposes a 10% rate automatically


So the Trump administration is basically just calculating trade deficit in a percentage term, and then calling it "tariffs against the US"

 

[Brock Landers]

That only works under specific conditions.

Who the f*** are you? Talking like you know shit from shinola

Your chirping is pointless

 

[Leisure]

You can believe in tariffs, but you have to admit that how this administration is going about enforcing tariffs is plain wrong

100 %

 

[phillyflyers]

Who the f*** are you? Talking like you know shit from shinola

Your chirping is pointless

Eric you broke dikk midget piece of shit, you haven't made one point yet.

You an angry little scam artist midget.

By the way, I've taken shits that look better than your beast of a wife

 

[phillyflyers]

You can believe in tariffs, but you have to admit that how this administration is going about enforcing tariffs is plain wrong

You're leaving out the context of how and why Trump came to the conclusion we need tariffs now.

For the suggestion you brought up that trade deficits aren't necessarily bad, for that to work there must be very specific conditions for that to work.

So, for example, there has to be a floating exchange rate with the country you're trading with. So the deficit can self-correct if the country's currency depreciates. Making exports cheaper and imports more expensive.

Foreign Capital Investment. Or I should say good and wise foreign capital investment. If it's directed toward productive sectors like technology and infrastructure, then potentially it can boost long term economic growth.

Strong domestic demand. A trade deficit can reflect strong consumer demand which can drive economic activity and attract foreign goods.

Now here's the problem.....

The USA hasn't seen or been in these conditions as far as trade since before 1976.

What has happened to us has been a glaring disaster.

Manufacturing output fell from 28.4% in 2001 to 17.4% by 2023. This happened after China entered the WTO in 2001.

On top of that, we have seen...

Deindustrialization and Job losses.

Dependence on foreign producers.

Weakened bargaining power for producers.

Chronic borrowing and debt.

Loss of competitive Edge.

In short, the US trade deficit over the last 50 years has been horrible and disastrous. Leading to significant job losses, deindustrialization, and economic vulnerabilities.

 

[stormtrooper8]

You're leaving out the context of how and why Trump came to the conclusion we need tariffs now.

For the suggestion you brought up that trade deficits aren't necessarily bad, for that to work there must be very specific conditions for that to work.

So, for example, there has to be a floating exchange rate with the country you're trading with. So the deficit can self-correct if the country's currency depreciates. Making exports cheaper and imports more expensive.

Foreign Capital Investment. Or I should say good and wise foreign capital investment. If it's directed toward productive sectors like technology and infrastructure, then potentially it can boost long term economic growth.

Strong domestic demand. A trade deficit can reflect strong consumer demand which can drive economic activity and attract foreign goods.

Now here's the problem.....

The USA hasn't seen or been in these conditions as far as trade since before 1976.

What has happened to us has been a glaring disaster.

Manufacturing output fell from 28.4% in 2001 to 17.4% by 2023. This happened after China entered the WTO in 2001.

On top of that, we have seen...

Deindustrialization and Job losses.

Dependence on foreign producers.

Weakened bargaining power for producers.

Chronic borrowing and debt.

Loss of competitive Edge.

In short, the US trade deficit over the last 50 years has been horrible and disastrous. Leading to significant job losses, deindustrialization, and economic vulnerabilities.

This has nothing to do with that calculation I showed above

The calculation the Trump administration made to determine "tariffs against the US" is flat out laughable

You can't defend it

 

[Wagerallsports]

Nobodies suddenly better business men & negotiators than one of the best in the world

Hilarious stuff

 

[krit]

This has nothing to do with that calculation I showed above

The calculation the Trump administration made to determine "tariffs against the US" is flat out laughable

You can't defend it

This.

Should I be upset at my grocery store because I spend money there and they don’t buy anything from me?

It’s laughable how he assigned the tariffs.

 

[stormtrooper8]

Nobodies suddenly better business men & negotiators than one of the best in the world

Hilarious stuff

What does that have to do with the calculation I posted?

It's blatantly wrong

Not even criticizing tariffs. Just showing how the administration calculated "tariffs against the US", and it is IN FACT wrong

 

[stormtrooper8]

This.

Should I be upset at my grocery store because I spend money there and they don’t buy anything from me?

It’s laughable how he assigned the tariffs.

You have a trade deficit with your grocery store that is astronomical, therefore you should impose a really big tariff on them

Since they are clearly imposing a tariff on you

Duh

 

[phillyflyers]

This has nothing to do with that calculation I showed above

The calculation the Trump administration made to determine "tariffs against the US" is flat out laughable

You can't defend it

I was merely providing the context.

For this point particularly, I think you may have misunderstood the formula, specifically why this calculation. I'll address it now then.

The formula, while not a traditional method of a measure of tariffs, highlights the significant trade deficits the US faces with countries like China.

The imposition of tariffs based on this calculation can be seen as a form of leverage to correct what the administration views as unfair trade practices. It is not about mirroring actual tariffs but about creating a negotiating tool to achieve better trade terms. Furthermore, for countries with which the US has a trade surplus, the automatic 10% rate can be seen as a way to maintain some level of reciprocity in trade relations.

In essence, the Trump administration's method is not about accurately measuring tariffs but about using a political and economic tool to reshape trade dynamics in favor of the United States.

 

[Wagerallsports]

What does that have to do with the calculation I posted?

It means many of the ppl commenting have have know clue what they are talking about

Not even as amateurs because they aren’t informed & up to date

As usual just going by what they think or hear based on a 2 minute news brief instead of researching more in-depth

 

[stormtrooper8]

I was merely providing the context.

For this point particularly, I think you may have misunderstood the formula, specifically why this calculation. I'll address it now then.

The formula, while not a traditional method of a measure of tariffs, highlights the significant trade deficits the US faces with countries like China.

The imposition of tariffs based on this calculation can be seen as a form of leverage to correct what the administration views as unfair trade practices. It is not about mirroring actual tariffs but about creating a negotiating tool to achieve better trade terms. Furthermore, for countries with which the US has a trade surplus, the automatic 10% rate can be seen as a way to maintain some level of reciprocity in trade relations.

In essence, the Trump administration's method is not about accurately measuring tariffs but about using a political and economic tool to reshape trade dynamics in favor of the United States.

So because you buy a lot from a country, you should slap fat tariffs on them? Just for that reason alone?

 

[Tanko]

Nobodies suddenly better business men & negotiators than one of the best in the world

Hilarious stuff

Stop.... That's embarrassing.

• 11 bankruptcies
• Thousands of business lawsuits against him.
• Mr. Art of the Deal promised to resolve Ukraine war day 1. Guranteed it even.
  Its day 74 and Russia is still toying with Trump on the negotiations. I doubt the war comes to a settlement this year.
• His business school professor called him the dumbest student he ever had.

I could go on.
Please never call him a good businessman.

 

[phillyflyers]

So because you buy a lot from a country, you should slap fat tariffs on them? Just for that reason alone?

Sorry? When did I say this?

 

[ttwarrior1]