TARIFF UPDATES!

[Pack Rat]

What is he hiding?

[Dukasaur]

https://www.pbs.org/newshour/economy/wa ... -trade-war

The Dow Jones Industrial Average was down 1,062 points, or 2.7 percent, as of 11:45 a.m. Eastern time. Tesla and other Big Tech stocks had some of the sharpest losses, which dragged the Nasdaq composite down a market-leading 3.2 percent.

Perhaps more worryingly, the value of the U.S. dollar also sank as a retreat continues from U.S. markets. It’s an unusual move because the dollar has historically strengthened during past episodes of nervousness. But this time around, it’s policies directly from Washington that are causing the fear and potentially weakening the dollar’s reputation as a pillar of the global economy.

Trump continued his tough talk on global trade over the weekend, even as economists and investors continue to say his stiff proposed tariffs could cause a recession if they’re not rolled back. U.S. talks last week with Japan have so far failed to reach a deal that could lower tariffs and protect the economy, and they’re seen as a “test case,” according to Thierry Wizman, a strategist at Macquarie.

“The golden rule of negotiating and success: He who has the gold makes the rules,” Trump said in all capitalized letters on his Truth Social Network. He also said that “the businessmen who criticize tariffs are bad at business, but really bad at politics,” likewise in all caps.

Trump has recently focused more on China, the world’s second-largest economy, which upped its own rhetoric against the world’s largest economy. China on Monday warned other countries against making trade deals with the United States “at the expense of China’s interest” as Japan, South Korea and others try to negotiate agreements.

“If this happens, China will never accept it and will resolutely take countermeasures in a reciprocal manner,” China’s Commerce Ministry said in a statement.

Also hanging over the market are worries about Trump’s anger at Federal Reserve Chair Jerome Powell. Trump last week criticized Powell again for not cutting interest rates sooner to help give the economy more juice.

The Fed has been resistant to lowering rates too quickly because it does not want to allow inflation to reaccelerate after it has slowed nearly all the way down to its 2 percent goal from more than 9 percent three years ago.

[mookiemcgee]

[Dukasaur]

[mookiemcgee]

[jusplay4fun]

[Pack Rat]

Welcome to the MAGA ZONE!

https://www.tiktok.com/t/ZTjMsRv2w/

The poor oppressed white and Christian majority in America.

[jusplay4fun]

AGAIN, pee rat offers NOTHING, except a SILLY tiktok video that NO ONE watches. Well Done, pee rat. Well Done.

[Pack Rat]

Jim is right about one thing!

Spoiler

You're an IDIOT!

[/b]

[Pack Rat]

https://www.tiktok.com/t/ZTjrfgS2e/

Just for you...idiot!

https://www.tiktok.com/t/ZTjr5hjps/

[jusplay4fun]

[quote="Pack Rat"]Jim is right about one thing!

You're an IDIOT[/b][/spoiler]

JimB was talking about YOU, pee rat. You constantly prove that, and again, with a double post and with yet another SILLY useless TikTok video that ALL the smart people ignore. You have learned that YET? Guess NOT. Again, you prove my point with nearly EVERY post you make. How pathetic you are.


btw: Here is a scan of pee rat’s brain AND
showing all his useful knowledge:

Spoiler

:D Just as we all suspected. [color=#FF0000][b][size=200]NOTHING there. :D :lol: =D> [/size][/b][/color]

[Pack Rat]

You are now officially the class clown.

[jusplay4fun]

You are now officially the class clown.

Teacher, I am in the WRONG class. I will do a Drop/Add form NOW, as I exit this clown show that YOU are Teaching.

[jimboston]

Jim is right about one thing!

You're an IDIOT[/b][/spoiler]

JimB was talking about YOU

No… I was talking about you JP.

[mookiemcgee]

Live images of the big celebrations going on right now in HMI...

Click image to enlarge.

Click image to enlarge.

Click image to enlarge.

Click image to enlarge.

[Pack Rat]

I thought Trump was going to send Kristi to that island to strong arm the residence to pay up.

[ConfederateSS]

------------------I don't know about that.....But under Biden inflation....Was 9%........TRUMP has brought it down tor under 1.4%...
--------------------So When inflation was HIGH...UNDER BIDEN....Stores raised their prices.....Kroger/Walmart etc.........But TRUMP HAS BROUGHT INFLATION WAY DOWN....OTHER THINGS HAVE COME DOWN..........SO WHY HAVEN'T STORES LOWERED THEIR PRICES ....THINK ABOUT IT....THANT ISN'T TRUMP'S FAULT....FOR WHAT YOU PAY FOR AT THE STORE.......PEOPLE NEED TO GET ON THE STORES!!!!!!!!!!!!!!!!!!!!!!!!.... ConfederateSS.out!(The Blue and Silver Rebellion)...

[mookiemcgee]

------------------I don't know about that.....

Confirmed!

[riskllama]

------------------I don't know about that.....

Confirmed!

this is what happens when you've been raised by a television set...

[Dukasaur]

I don't know about that.....But under Biden inflation....Was 9%........TRUMP has brought it down tor under 1.4%...

That's quite a distortion.

The inflation rate under Biden did hit 9% momentarily (in July 2022) but it declined rapidly thereafter. By the end of Biden's term, it was down to 2.4%.

It did continue to decline for the first few months of Trump's term, but he's managed to get it rising again, and it's currently at about 2.8%, definitely higher than when he took office.

[ConfederateSS]

--------------Karoline Leavitt...(Riccio,at the White House ,doesn't use her husbands name/although that is for another thread... ).........INFLATION IS DOWN TO 1.4%.........IF YOU CAN'T BELIEVE THE WHITE HOUSE PRESS SECRETARY , WHO CAN YOU BELIEVE ..... ....KL(R)...PSAKI,KJP.... ......... ConfederateSS.out!(The Blue and Silver Rebellion)...
---------------------THAT STILL DOESN'T ANSWER THE QUESTION.........WHAT THE F*CK STORES .....HAVE THOSE PRICES...COME ON DOWN.....PUT THE PRICES CORRECT... TO WHAT THEY SHOULD REFLECT.........,What, you thought I was going to name a game show.... ....

[jusplay4fun]

I don't know about that.....But under Biden inflation....Was 9%........TRUMP has brought it down tor under 1.4%...

That's quite a distortion.

The inflation rate under Biden did hit 9% momentarily (in July 2022) but it declined rapidly thereafter. By the end of Biden's term, it was down to 2.4%.

It did continue to decline for the first few months of Trump's term, but he's managed to get it rising again, and it's currently at about 2.8%, definitely higher than when he took office.

Thanks for sharing Good Data, Duk. The graph you posted is very helpful. Some who rarely cite evidence will often repeat a claim made that is not supported by the facts.

Despite the Decline of the inflation rate under Biden, much damage was done. First, inflation, the rate of increase of prices had declined, BUT did not RETURN to the lower prices BEFORE the 9% and prolonged period (of about one year) of INCREASED PRICES. Basically, prices do NOT decline, without a recession (or even a Depression). The Fed and Federal Government programs (such as unemployment benefits) work to PREVENT a Depression and also work to avoid a Recession (where many suffer) and THUS prices stay high.

Second, the political damage to Biden (and later Kamela) had been done. "It's the Economy, Stupid." I think the attempt to defend "Bidenomics" is a MAJOR Reason Trump beat Kamala in 2024.

I would argue that much of the discontent of Americans is because prices remain high, and NOT all Americans have benefitted from the economic policies of Trump. Lowering of inflation is NOT Trump's primary concern, and the impacts of his policies have not taken hold due to they have not been in effect LONG ENOUGH (tax cuts, tariffs to negotiate better trade deals, increase in exports, and more). I am not sure his policies will cause an increase in manufacturing jobs, usually with good wages. There are economic pressures for manufacturing jobs being created OUTSIDE the US. The fact that energy prices (mostly gasoline and petroleum based fuels) are lower help the inflation rate overall. Americans getting a "nice" refund on Federal Income Taxes may help change that perception of the US Economy NOT doing well.

On a side note, tariffs have caused MINOR disruptions to the US Economy. Also, whereas DOGE tried to cut some GOvernment spending, Trump spent LOTS elsewhere and I think we have seen that the overall impact on the US National Debt has not helped lower the increase in Debt rate. That is one reason Trump has put lots of pressure on Jerome Powell and the Fed to lower interest rates, A TACTIC I find offensive; the Fed NEEDS to STAY INDEPENDENT from political pressures.

[ConfederateSS]

------All that Supreme Court Bull Sh*t.... Doesn't mean a thing....There are 7 laws TRUMP can use....He will just use a different law....... ConfederateSS.out!(The Blue and Silver Rebellion)...

[jusplay4fun]

Basically, ConfedSS is correct in that Trump can use at least one more Law/Act to impose tariffs.

What Trump is basically doing is using Trumps NOT to Raise Revenue, (and that IS BEING done) but as a negotiations tactic for trade.

Congress has the sole authority on Revenue, basically. At one time, (as I best recall) before the imposition of the Income tax, under President Wilson, as a TEMPORARY revenue source for WWI, TARIFFS were the MAIN source of Revenue for the Federal Government.