Conquer Club

United Autoworkers wrote:Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals. We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class.

There’s been a lot of talk of these tariffs “disrupting” the economy. But if corporate America chooses to price-gouge the American consumer or attack the American worker because they don’t want to pay their fair share, corporate America bears the blame for that decision. The working class suffered all the pain of NAFTA, and we won’t suffer all the pain of undoing NAFTA.

The UAW is in active negotiations with the Trump Administration about their plans to end the free trade disaster.

https://uaw.org/uaw-statement-on-new-tariff-action/

saxitoxin wrote:The United Autoworkers is a respected labor union representing 1 million working-class Americans that endorsed Biden in 2020 and Kamala in 2024. They don't read publications like The Economist, the longtime journal of the transnational capitalist class.

The UAW explains simply why they're now backing Trump and backing his pro-working class, pro-social justice tariffs.

↓

United Autoworkers wrote:Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals. We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class.

There’s been a lot of talk of these tariffs “disrupting” the economy. But if corporate America chooses to price-gouge the American consumer or attack the American worker because they don’t want to pay their fair share, corporate America bears the blame for that decision. The working class suffered all the pain of NAFTA, and we won’t suffer all the pain of undoing NAFTA.

The UAW is in active negotiations with the Trump Administration about their plans to end the free trade disaster.

https://uaw.org/uaw-statement-on-new-tariff-action/

The Democratic coalition continues to wither and die.

Pack Rat wrote:

saxitoxin wrote:The United Autoworkers is a respected labor union representing 1 million working-class Americans that endorsed Biden in 2020 and Kamala in 2024. They don't read publications like The Economist, the longtime journal of the transnational capitalist class.

The UAW explains simply why they're now backing Trump and backing his pro-working class, pro-social justice tariffs.

↓

United Autoworkers wrote:Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals. We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class.

There’s been a lot of talk of these tariffs “disrupting” the economy. But if corporate America chooses to price-gouge the American consumer or attack the American worker because they don’t want to pay their fair share, corporate America bears the blame for that decision. The working class suffered all the pain of NAFTA, and we won’t suffer all the pain of undoing NAFTA.

The UAW is in active negotiations with the Trump Administration about their plans to end the free trade disaster.

https://uaw.org/uaw-statement-on-new-tariff-action/

The Democratic coalition continues to wither and die.

Are you making this all up?

KoolBak wrote::lol: Well played

*polite clapping*

Pack Rat wrote:Just your average MAGA supporter:

https://www.tiktok.com/t/ZT2Qk2cG3/

[b][spoiler]Stupid is, what stupid does.

Pack Rat wrote:[b]Trump was a bad business man, but a great crook.

What you need to know:

On March 4, President Donald Trump proceeded with implementing tariffs on Canada and Mexico, driving market volatility. We expect trade policy to remain in headlines in the near term, potentially stoking bouts of volatility in markets.

The U.S. is less dependent on trade compared with its largest trading partners, potentially insulating the U.S. economy from the impacts of a trade war.
While tariffs could create a one-time increase in the prices, we don't expect the impact to be large enough to drive the Federal Reserve to raise interest rates.
We continue to favor U.S. stocks over international, as we believe the U.S. is best-positioned to handle the potential impacts of tariffs. Well-diversified portfolios can help spread risk, as certain asset classes may respond differently to tariff headlines.

What is a tariff? A tariff is a tax on goods imported from another country and, all else equal, increases the cost of imports, making foreign goods less competitive in the marketplace.

On March 4, U.S. President Donald Trump proceeded with implementing tariffs on Canada and Mexico under the International Emergency Powers Act. Imported goods from Canada and Mexico will be subject to a 25% tariff, while Canadian energy imports will be subject to a 10% tariff. U.S. imports from China will be subject to an additional 10% tariff, adding to the 10% levies last month. Canada announced retaliatory tariffs on roughly $107 billion of U.S. goods, while China announced retaliatory tariffs of 15% on select U.S. goods. Mexico stated it would announce retaliatory measures by March 9.

The impact of tariffs will vary based on the degree and the duration of the tariffs implemented, and it remains uncertain as to how long these measures will remain in place. For this reason, we recommend investors adhere to their long-term investment strategies and resist the urge to overreact to headlines.

Despite the uncertainty, we offer a framework to assess how tariffs could impact global economic growth, inflation, central-bank policy, and financial markets. We also provide key financial insights for individuals and business owners.

Impact on the economy
From an economic standpoint, the U.S. is less dependent on trade compared with many of its largest trading partners.

(...)
During the 2018-2019 trade war, prices of laundry equipment spiked in the months following the implementation of tariffs. However, prices subsided shortly after and the overall impact to headline inflation was muted. While the tariffs implemented this time around are much broader in scope, we expect the impact will be a one-time increase in prices as opposed to an ongoing source of inflation.

The Hill wrote:Rep. Chris Deluzio (D-Pa.) encouraged Democrats to change their outlook on tariffs, stating that levies are not “always bad” as President Trump made good on his campaign tariff threats this week.

“Fellow Democrats, the party needs to rethink all the anti-tariff absolutism. I’m a Rust Belt Democrat from swingy Western PA—where lousy trade deals like NAFTA stripped us for parts,” Deluzio wrote in a Friday statement on the social platform X.

“Democrats need to break free from the zombie horde of neoliberal economists who think tariffs are always bad,” he added.

https://thehill.com/homenews/house/5183 ... nsylvania/

Pack Rat wrote:[b]The Wall Street Journal says brace yourself for a recession.

https://www.wsj.com/economy/trade/tarif ... n-235fffeb

[b]

The world economy could face a crash similar to the Great Depression of the 1930s

We are not expecting the impact of tariffs to cause a recession in the U.S.

North America’s manufacturing sector is highly integrated and would, therefore, be hit the hardest from tariffs on imports with key trading partners. The auto manufacturing sector is, particularly, exposed.

from the Economic Policy Institute:

Tariffs—Everything you need to know but were afraid to ask

In detail: Tariffs are a tax on imports that, in effect, redistribute “surplus” from U.S. consumers and foreign producers to subsidize domestic producers of import-competing goods. When used strategically to support specific sectors, tariffs can be an effective tool of industrial policy—but consumers will face lower purchasing power as a result. (...)

Narrow, strategic tariffs can be a useful tool. Trump's broad-based, chaotic tariffs would cost consumers in every state. (...)

Can tariffs ever be effectively used to target smart policymaking goals?
In brief: Yes. Tariffs can do a number of useful things.

But GDP is unlikely to fall, nor is the U.S. heading for a recession as a direct result from the Trump administration’s latest tariffs, (...)

But an uglier slowdown isn’t off the table.