Trump Tariff

[Subduction Zone]

I'm willing to see if it happens first. And inflation rates are still higher than they were before the pandemic, so no, Biden has not "ended inflation." By the way, I am not expecting prices to go down. I never have expected overall prices to go down. I think that's a ridiculous scenario. Also, I didn't lay blame at anyone's feet. Sure, I have hated that inflation is still high, but oh well. Maybe I chose a bad time to retire. Oh wait, I didn't choose it, it happened to me. Difference. I guess I could go back to work.

And, yes, prices are higher. Why do you keep mentioning that obvious fact? You keep confirming that you are not paying attention. Prices will not go down. Ending inflation, or actually getting it back to a healthy 2% rate, only means that prices will not keep skyrocketing.

Try to admit that inflation has gone back to normal. That does not mean that prices will go down. That would be a bad thing. This should not be so hard to understand.

But worse yet Trump is proposing to inflict inflation on you and me far worse than anything seen under Biden. And you keep ignoring what caused the inflation under Biden. It was not due to his incompetence. It was due to the circumstances of the time when he was elected.

 

[sun rise]

I'm willing to see if it happens first.

It's already happened and been studied. I posted one link earlier but here's another one from a Republican source Tariffs Are Great – If You Like Raising Prices, Undermining Jobs, and Inhibiting Innovation | George W. Bush Presidential Center

The original link How Will Trump’s Universal and China Tariffs Impact the Economy?

Here's another one https://www.cato.org/publications/separating-tariff-facts-tariff-fictions#

Personally people can not pay attention to the overwhelming evidence about the impact of tariffs, but I know personally what will happen to the food I buy that comes from Mexico - prices will increase. And the overwhelming evidence is that the economy will suffer.

 

[Kathryn]

And, yes, prices are higher. Why do you keep mentioning that obvious fact? You keep confirming that you are not paying attention. Prices will not go down. Ending inflation, or actually getting it back to a healthy 2% rate, only means that prices will not keep skyrocketing.

Try to admit that inflation has gone back to normal. That does not mean that prices will go down. That would be a bad thing. This should not be so hard to understand.

But worse yet Trump is proposing to inflict inflation on you and me far worse than anything seen under Biden. And you keep ignoring what caused the inflation under Biden. It was not due to his incompetence. It was due to the circumstances of the time when he was elected.

I am only clarifying things. I am paying all sorts of attention by the way. inflation has not yet gone "back to normal." Prices continue to go higher and higher and we are not at a 2 percent inflation rate YET.

Historical Inflation Rates: 1914-2024

The table displays historical inflation rates with annual figures from 1914 to the present. These inflation rates are calculated using the Consumer Price Index, which is published monthly by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor. The latest BLS data, covering up to...

www.usinflationcalculator.com

 

[Koldo]

Well, I doubt I can change Trump's mind or his actions., so I will just wait and see what happens before I lose my mind. And then I will lose it. LOL

You can message politicians, but other than that there is not much you can do. Definitely not worth to be stressed over stuff before they happen when there is little you can do.

 

[Kathryn]

You can message politicians, but other than that there is not much you can do. Definitely not worth to be stressed over stuff before they happen when there is little you can do.

Very true.

 

[sun rise]

You can message politicians, but other than that there is not much you can do.

I can do a lot about my personal financial situation as someone who is retired and wants to not run out of money. Knowing that inflation will go up (unless the economy totally tanks) and growth will suffer or turn into recession, I use history to look at moving into inflation-protected bonds and out of stock funds.

Many don't have that choice but maybe knowing what will happen will help many if only a little.

 

[Subduction Zone]

I am only clarifying things. I am paying all sorts of attention by the way. inflation has not yet gone "back to normal." Prices continue to go higher and higher and we are not at a 2 percent inflation rate YET.

Historical Inflation Rates: 1914-2024

The table displays historical inflation rates with annual figures from 1914 to the present. These inflation rates are calculated using the Consumer Price Index, which is published monthly by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor. The latest BLS data, covering up to...

www.usinflationcalculator.com

I said that we are getting close. The annual rate was 2.4% in September and up slightly to 2.6% in October. It could still ideally be lowered slightly. But the inflation that people were complaining about is over. Getting it spot on to 2% is rather difficult.

I asked you about what you bought outside of food. You probably do not buy a lot of items at this point in your life so the inflation that Trump will cause may not hit you as hard as it would hit a younger person. But to be fair you really should be screaming about the incompetent and unnecessary increases in prices that Trump is proposing. It will likely hit your children harder than it hits you.

 

[It Aint Necessarily So]

The MAGA cult will concoct convoluted conspiracy theories in an attempt to place blame on the usual villains of their story rather than acknowledge their own errors and failures.

Nice to see you back.

Can you revive the clown avatar? I liked that one.

These proposed tariffs along with the massive deportation of the undocumented probably will cause much inflation, thus blowing up in the Pubs face.

I doubt that the damage that Trump and the Republicans do will be seen as due to these policies by the people who voted for him. Look at the comments from MAGA in this thread. These are not people who take evidence to its logical conclusion. They're faith-based thinkers whose thoughts come from conservative indoctrination media, which they trust.

It’s going to be interesting to see how many MAGAs suck on higher prices that can actually be tied to Trump’s stupidity. Will they acknowledge it, or sink deeper in denial. I will bet they will accept the higher prices as a duty to their orange Jesus clown.

Rhetorical question, right? We know how these people think.

Totally amazing that America's economy is the envy of the rest of the world, and YOU -- in your omniscience -- think it's in the tank. However did you become so wise?

This is MAGAnomics. Soaring stock market, plummeting inflation, low unemployment, high consumer confidence, wage increases outpacing inflation for over two years now, and stupendous job creation numbers mean nothing. Groceries are expensive is all that they can process.

Funny how the voters didn't see it that way.

Though almost half knew better, collectively, the American electorate is a morally bankrupt idiot. They just showed us that. So did I with the response above this one.

 

[Father Heathen]

Clearly I meant from first hand experience.

People have a skewed perspective of the world when they're sheltered from it.

 

[Father Heathen]

Nice to see you back.

Thanks. I make the mistake of lurking and fell off the wagon.

 

[F1fan]

Nice to see you back.

Can you revive the clown avatar? I liked that one.

I doubt that the damage that Trump and the Republicans do will be seen as due to these policies by the people who voted for him. Look at the comments from MAGA in this thread. These are not people who take evidence to its logical conclusion. They're faith-based thinkers whose thoughts come from conservative indoctrination media, which they trust.

Rhetorical question, right? We know how these people think.

This is MAGAnomics. Soaring stock market, plummeting inflation, low unemployment, high consumer confidence, wage increases outpacing inflation for over two years now, and stupendous job creation numbers mean nothing. Groceries are expensive is all that they can process.

Though almost half knew better, collectively, the American electorate is a morally bankrupt idiot. They just showed us that. So did I with the response above this one.

The dilemma for MAGAs is data. Even FOX Business will use accurate data in their shows, and sometimes they are honest about what the data says. Most of the time they mangle it in a way that makes Biden look bad.

But when Trump takes office and the data starts going the other way they won’t have any democrats to blame. These analysts tend to be honest with the data because many sober investors watch their shows. That can take pot shots at Biden but they will be honest about the data. So how will they stand by Trump for very long if his policies tank the stock market and consumer confidence? They won’t mince words and avoid Trump as the problem. Tariffs are an option and can be beneficial if used well. But thus far Trump’s ideas and cabinet picks suggest a failing mind that is setting up the country for serious economic problems.

So be it. I’m prepared and I doubt many who voted for him are.

 

[F1fan]

Thanks. I make the mistake of lurking and fell off the wagon.

We are all smart critical thinkers, so why are we on this forum? Broken elevator? Constipation? Stuck in traffic? At work? Someone has a gun to our head?

 

[Evangelicalhumanist]

Another complaint by Trump, given as a reason for his tariffs, is the illegal drugs (mostly fentanyl) being consumed by Americans -- as if Americans only take those things because foreigners make them available.

Sorry, you ignorant turnip, America's drug problem is a demand issue, not a supply issue. When so many Americans insist on getting their fix, ways will be found to do that -- and at no time in the history of the world has any country been able to close down the black markets that supply what people demand.

 

[Father Heathen]

Oh well, I don't buy anything from WalMart.. Nor do I watch online videos. Oh well.

A lot of working families do (and it won't just be Walmart, obviously). That's where the concern lies, but thanks for sharing I guess.

 

[Kathryn]

A lot of working families do (and it won't just be Walmart, obviously). That's where the concern lies, but thanks for sharing I guess.

You're welcome.

 

[Kathryn]

People have a skewed perspective of the world when they're sheltered from it.

Oh believe me (or don't, doesn't matter to me), I am not sheltered nor unaware.

 

[Revoltingest]

I didn't pick anything or anybody.

You picked Trump.

 

[Revoltingest]

This is gonna turn out well....

https://finance.yahoo.com/news/mexico-warns-trumps-tariff-kill-141722756.html

Excerpted...
MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs.

 

[Revoltingest]

Funny -- I recall while I was commenting prior to the election that many people asked me, "why do you care? You're a Canadian!"

Now you know.

There's gonna be a whole lotta educate'n once Trump waddles into office.

 

[Kathryn]

This is gonna turn out well....

https://finance.yahoo.com/news/mexico-warns-trumps-tariff-kill-141722756.html

Excerpted...
MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs.

I doubt sincerely that you or I can do anything about this so let's just see what happens. Meanwhile, the tariffs will only take place if illegal immigration or drug trafficking isn't significantly impacted by Mexico's government.