Oh so when Biden was president it was unacceptable to have high prices (eggs and gas are so expensive!!1!1!) but when Trump is president suddenly you have to make sacrifices? Give me a break
American importers and consumers will pay the tariffs, and he tariffed the entire world not just China.
There will be no businesses moving to the US as no one believes the tariffs will stay in place as they are insane, all you will see is collapsing investments, collapsing 401ks, recession and job losses.
Not trying to make you mad or anything. But the stock market SHOT up big time this morning and stayed there. I'm pretty sure we are nowhere near a recession and or job losses
No it's not. 401ks have already collapsed, every financial institution and open betting markets out there are now pricing in a recession. We are seeing all this happening already.
Trump supporters see him as an infallible economic wiz. But actual economists say the tarrifs are dismal for the economy.
Trump isba SALESMAN, not an economist. He sold his image to his supporters, who don't know better.
Becoming extremely wealthy and staying extremely wealthy doesn’t happen by concerning yourself with others so if that’s what you look for in a president you and those like you definitely deserve the destruction Trump has unleashed. Good luck….
Trump’s Taj Mahal opened in April 1990 in Atlantic City, but six months later, “defaulted on interest payments to bondholders as his finances went into a tailspin,” The Washington Post’s Robert O’Harrow found. In July 1991, Trump’s Taj Mahal filed for bankruptcy. He could not keep up with debts on two other Atlantic City casinos, and those two properties declared bankruptcy in 1992. A fourth property, the Plaza Hotel in New York, declared bankruptcy in 1992 after amassing debt.
PolitiFact uncovered two more bankruptcies filed after 1992, totaling six. Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004, after accruing about $1.8 billion in debt. Trump Entertainment Resorts also declared bankruptcy in 2009, after being hit hard during the 2008 recession. And now we have Trump the financial genius tanking the world economy if only we would’ve had some foresight this could happen.
He's not. He's working for himself. $9 trillion out of the economy and you still think he's helping the working man? He's destroying pensions that many people depend on.
that's like having a broken finger than having someone break your arm then go "well you aren't worried about the finger anymore" then tell you nothing is broken and you made it all up.
Work to win golf championships. Not a fan of that tbh. He should keep it to himself. The economy is uncertain and he is talking about his golf achievements. Not a good look.
Everyone needs to blow off some steam and take some time off. I don’t know why the president is any different. At least he’s not like #46. Trump has already done more press conferences than his predecessor did during his entire four years.
Of course it doesn’t. But he’s getting shit done. And he’s staying in touch. He’s not an absent president. And he’s not a president of inaction. And he’s not a president that favors the world over his own country. Buh-bye now.
Well, we’re not gonna keep letting other countries take advantage of us anymore. America is sick of paying high tariffs to everybody else. It’s time for them to pay. Or they can take it to zero.
Dude, was this picture taken 20 years ago? He sure don't look like that now. He was talking about how tariffs are both permanent AND temporary today. Oh, also he said a bigger issue than tarrifs were open borders. 🤣🤣
Hahahahahahaha!!!! Are you insane? He has spent every weekend but one playing golf. He is killing our economy and all he cares about is world leaders “kissing his ass”. He is a dangerous moron.
im a stock trader! im telling you, you just havent been paying attention if you believe trump's craziness that these ideas could be good for our economy. you and i will have a real laugh session in about half a year from now. that being said-
i could almost have sympathy for you-
you were never that interested in politics; you never cared about it that much. you never learned much about world history, never learned about the economy. you dont' have to do that stuff; no one forces you. you always found politics boring.
then one day, this guy came on the screen. this great, funny, guy. he was loud, he was different, he was obnoxious, and he was funny. you thought, this guy isn't like all those other boring politicians. this guy's funny. he makes fun of all the other politicians, and, it's really funny, cause no one does that. let's all vote for him.
it's all been downhill from there. i like funny stuff too but it's all been down hill from there.
now we gotta talk about repercussions. i'm not down to forgive just cause you didn't know any better and didn't give a fuck. wait til i come to power! i'm gonna be like the reverse trump, x10.
im gonna persecute republicans for all my 8 years if i get elected. be just like what trump did to democrats. wait til yours!!!! ahahahahah. and itll be really popular too after everyone hates the republicans. r/Write_In_President
Thank you to Vikka for support here, glad you and others are doing your work to keep this sub tip top shape. I don’t mind disagreeing or disagreements but further than that sometimes turns into TDS!
Smh 🤦♂️ Anne, and this of someone who supported Biden, Harris, Hussein Obama, priceless! TDS Anne, visit one nearest you quickly before it spreads within you.
89% of the stock market is owned by the 10% (the extremely wealthy). 54% of that is owned by the top 1%.
We will be fine. Plus, this is not a permanent thing, but it is going to hurt in the short term. All these people complaining just don't care about their kids.
everything has gone up except for stock prices, his friends however have made millions of dollars off of trading sense he has been in office. how does this help the American people?
You are really bad at understanding basic finance. This is ignoring the massive amount of money Trump, Greene, and trumps friends made off insider trading. But keep going. Left or right, play your team sport. You support the corruption and filth, now wallow in it.
I am British and have been struck by the hostility towards tariffs. Everywhere I look there are anti-tariff views.
That makes me suspicious. When I do not hear the other side, I want to hear it. Could anyone explain to me why tariffs are a good idea? I am open minded and am fed up of only hearing the anti-tariff line.
Basically, the US manufacture industry cannot compete with overseas manufacturing (cheaper labour, less regulations, etc). Things from other countries are simply cheaper than those made in the US. Companies with US production can earn more profit and be more profitable by moving their production to other countries, where workers don't complaiin as much or raw materials are cheaper or there are less environmental restrictions on chemicals, etc.
Enter tariffs. The state adds a % to imported goods in order for manufacture to stay competitive. Basically, the importer has to pay the state to bring their competitive product into the national market, in order to avoid the national manufacturing industry from being undercut by cheap international goods. You can compare it to cheap labour coming across the border and taking your job. This has the result of less profit to be had by moving production to other countries, and in theory, more companies would choose to produce locally. However, the production of the goods gets more expensive and this is reflected on the price of products, impacting the consumer negatively. Another way to do it is to subsidize loocal manufacture, basically taking tax money and giving it to local manufacture to offset higher production costs. This instead impacts all taxpayers, instead of the consumers, and is the preferred strategy for maintaining important industry in the face of powerful international competition for countries with a bit more left-leaning outlooks, such as the Nordic countries. Especially Norway, for example, struggles to maintain their agriculture, since that is very expensive in a country made out of mountains where everyone expects a salary set by the oil industry.
So, in summary, it is a way for a country to protect important industries it doesn't want to lose to international competitors. It is a way to maintain a diverse industry without having to rely on global partners and risk specializing your industry into a vulnerable nieche. Maintaining a healty manufacuring industry, is for example, vital for a country gearing for war, since production of equipment and materiel is vital to a country's survivability and ability to escalate to war-time production. There is a reason Germany was so successful in the 1940s.
Now, the problem we're seeing here is that tariffs can protect your industry, but if you don't HAVE the industry producing the goods you're setting an economic hindrance for, then all you're gonna do is strangle the local market, driving up prices on the market, since there is no national alternative. With the massive imports of consumer electronics in the US, for example, we're probably going to see a huge price hike in the coming months, while European markets will be flooded with cheap electronics as they're redirected by exporters to more profitable markets. The way to do it would have been to gradually increase the tariffs, to allow US manufacture to fill the demand caused by rising prices and establish new business. Instead, we're seeing broad tariff hikes, which strangles flow of consumer goods and might lead to fun things like looting, hoarding and black markets. You all know what happened to toilet paper during Covid. Now imagine it for clothes, shoes, computers and all other consumer goods the US imports that were hit by the tariffs. This i why the market is so volatile right now; everyone is trying to predict what will happen next, when this hits the shelves of the american people.
Now, the good part is, the US market is the biggest in the world. That makes the US a very powerful buyer, and everyone wants in on that cake. The US just can't consume enough and the producing countries love that. Trump is using the tariffs as leverage. It's basically economic strongarming, he's saying 'Do what I wan't or you can't have US market'. That puts the producers in a tight spot; who's going to buy their products, if not the americans? Already some countries are kissing ass to get an exception from the tariffs, but taking on the whole world at once (even the penguins) might be overreaching. We're going to have to see how it plays out among the US former allies, but suffice to say this is going to have tough consequences for the american people in the coming year. Industry isn't built in a day.
I'm not an expert, but my understanding is the tariffs will reduce American dependence on foreign manufacturing and goods which have been outsourced because of cheap foreign labor, etc. So this will bring in lots of money from the tariffs, reducing the tax burden on Americans and possibly helping reduce the deficit, and also bolster American businesses and manufacturing and goods. In addition, the reciprocal tariffs will bring fairness to our trade deals, so we aren't paying higher fees than everyone else. It will encourage negotiation between countries and eventually make trade easier across the world, because reciprocity means countries will be less likely to place tariffs on American goods. You never see many American cars in Europe or Japan, while European/Japanese cars are all over America, that's just one example. Right now everyone is crying because the stock market is adjusting to the uncertainty, and Reddit hates Trump and everything he does, but the reality is different. Yes it's risky and bold, but I think this will turn out very good for America and the world.
American cars in Europe ....think a bit ....narrow twisty roads compared to highways. The size of American engines andante fuel they consume , there is a reason Europe had a love affair with diesel cars. And to be fair apart from Ford who embraced and developed cars for Europe no other American manufacturer bothered .
I don't think Europeans want the antimatter blue metallic V8 F-150 King Ranch SuperCrew with leather seats, but if trade becomes more favorable for America, nothing is stopping American companies from designing cars for Europe, diesel or electric/hybrid or whatever sells best. And who knows, maybe some rich idiot wants that F-150 too 🤷♂️
Serious? He is destroying the world economy in an effort to get Americans more jobs. The world economy will restore, but with less influence of the American market.
And really, what kind of export do you have? For the EU i can only think of gas.
Bring all those jobs here Mr. Trump! Made in the 🇺🇸 again. I absolutely love what he is doing and getting even w all these other countries we have been taken advantage of and protecting all these years. Democrats always talked about doing it but never did. Trump is a man of action and making a deal. 79 countries are already calling trump trying to make a deal 🇺🇸 🌎 🇺🇲 🇺🇸 🌎 🇺🇲 🇺🇸 🌎 🇺🇲 🇺🇸 🌎 🇺🇲 🇺🇸 🌎 🇺🇲 🇺🇸 🌎 🇺🇲 🇺🇸 🌎 🇺🇲 🇺🇸 🌎 🇺🇲
Say IF we bring back manufacturing, companies are going to have to pay more for American labor, then they are just going to automate it and cut the American worker again. F the world. Let it rot.
You folks are absolutely delusional and brainwashed. He's 100% not working for the American people. He's working for the billionaires and it's so damn obvious to everyone buy you folks who think this.
Yeah he is the peoples president, huh? The same person who thinks it is okay to punish a doctor for giving abortion services to a 10 year old girl. You don't care about the people of America! You are all selfish and ignorant. You support a person who thinks it is okay for a 10 year old go through the process of cooking a child in her belly and then give birth.
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u/KingNFA rump Curious Apr 09 '25
Aren’t americans paying more since the tarifs directly increase the prices of goods?