Fallout from Trump tariffs

[OSR stands with Israel]

And realignment continues!


Welcome back American System, been too long. We need to catch up!

Just what I expected and predicted would happen. He would use tariffs to try and help the previous losers in the old free trade consensus and then use subsidies to keep those elements who profited under the old system from bolting.

Combining tariffs with subsidies and low interest rates (if Trump had his way) is like something straight out of the Whig Party or the early Republicans.

I’m a far bigger supporter of the 1980-2010 GOP than I am of the old 1920s GOP

[Koharu]

I am beyond livid. If the farmers I know start complaining about "welfare" any time soon, I'll ask them about the stuff they're getting. Ugh.

[Fargobison]

I am beyond livid. If the farmers I know start complaining about "welfare" any time soon, I'll ask them about the stuff they're getting. Ugh.

Guessing they'll just be happy not to be broke, I have family in ND that farms and they were about to take a beating from Trump's moronic tariffs.

[Progressive Pessimist]

More inexplicable pointlessness out of Trump and his administration! Just get rid of the tariffs, you prideful f***!

[Intell]

Credit where credit is due. Economic Nationalism is back! Traiffs and Subsidies, what is there to oppose?

[#gravelgang #lessiglad]

I am beyond livid. If the farmers I know start complaining about "welfare" any time soon, I'll ask them about the stuff they're getting. Ugh.

They've been receiving farm subsidies for decades.

[KingSweden]

I am beyond livid. If the farmers I know start complaining about "welfare" any time soon, I'll ask them about the stuff they're getting. Ugh.

They've been receiving farm subsidies for decades.

[RINO Tom]

And realignment continues!


Welcome back American System, been too long. We need to catch up!

Just what I expected and predicted would happen. He would use tariffs to try and help the previous losers in the old free trade consensus and then use subsidies to keep those elements who profited under the old system from bolting.

Combining tariffs with subsidies and low interest rates (if Trump had his way) is like something straight out of the Whig Party or the early Republicans.

Little different this time around, if you ask me.

[Koharu]

I am beyond livid. If the farmers I know start complaining about "welfare" any time soon, I'll ask them about the stuff they're getting. Ugh.

They've been receiving farm subsidies for decades.

Oh, I'm well aware. But this goes above and beyond.

[jaichind]

Trump secures concessions from Europeans to avoid trade war: DJ, citing EU official

https://www.cnbc.com/2018/07/25/trump-we-hope-to-work-something-out-on-a-fair-trade-deal-with-europe.html

Stocks, Yields Jump on Report of EU Concessions

[KingSweden]

Trump secures concessions from Europeans to avoid trade war: DJ, citing EU official

https://www.cnbc.com/2018/07/25/trump-we-hope-to-work-something-out-on-a-fair-trade-deal-with-europe.html

Stocks, Yields Jump on Report of EU Concessions

They seem like pretty small concessions, frankly, but if it averts a disastrous trade war then good news

[Yank2133]

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Classic Trump.

[ProudModerate2]

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Classic Trump.

LOL.
Their very short press conference was nothing but them agreeing to continue to "talk."
All trump did was introduce some Senators and members of the House (why they were there, who knows), and then spout-out BS about how everything is great and dandy (about future negotiations and a continued agreement to discuss trade/tariff issues).
What the hell was that?

[BudgieForce]

Trump secures concessions from Europeans to avoid trade war: DJ, citing EU official

https://www.cnbc.com/2018/07/25/trump-we-hope-to-work-something-out-on-a-fair-trade-deal-with-europe.html

Stocks, Yields Jump on Report of EU Concessions

No mention of Auto Tariffs which is concerning, but at least theres some progress.

[Yank2133]

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Classic Trump.

LOL.
Their very short press conference was nothing but them agreeing to continue to "talk."
All trump did was introduce some Senators and members of the House (why they were there, who knows), and then spout-out BS about how everything is great and dandy (about future negotiations and a continued agreement to discuss trade/tariff issues).
What the hell was that?

That is Trump's MO.

He really just a used cars salesman and it works in the short-term since our media isn't good at covering anything and the average us citizen is an idiot.

[anvi]

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It's becoming increasingly understandable how Trump managed to run a casino into bankruptcy.

Yes.  He has traded in a life of junk bonds for a life of tariffs.  A real business genius.

I especially love the irony that he offering a lifeboat to farmers in the bullseye of his own policies with an FDR program.   

[Absentee Voting Ghost of Ruin]

You must be logged in to read this quote.

Classic Trump.

LOL.
Their very short press conference was nothing but them agreeing to continue to "talk."
All trump did was introduce some Senators and members of the House (why they were there, who knows), and then spout-out BS about how everything is great and dandy (about future negotiations and a continued agreement to discuss trade/tariff issues).
What the hell was that?

That is Trump's MO.

He really just a used cars salesman and it works in the short-term since our media isn't good at covering anything and the average us citizen is an idiot.

Truth.

In a way, as a nation, we really deserve what were going to get. A lot of innocent people who don't deserve it are getting hurt, though.

[Joe Biden 2024]

http://thehill.com/policy/international/398733-keep-america-great-flags-made-in-china-could-be-hit-by-trump-tariffs

Ironic.

[Dr Oz Lost Party!]

You must be logged in to read this quote.

Classic Trump.

LOL.
Their very short press conference was nothing but them agreeing to continue to "talk."
All trump did was introduce some Senators and members of the House (why they were there, who knows), and then spout-out BS about how everything is great and dandy (about future negotiations and a continued agreement to discuss trade/tariff issues).
What the hell was that?

Just like the North Korea "deal".

That's how low the bar is. An accomplishment is now just talking...

[Bojack Horseman]

Ford’s CEO publicly supported Trump’s economic policies in January 2017.

Now Ford’s profits are dwindling as a result of the tariffs.

[BBD]

Ford’s CEO publicly supported Trump’s economic policies in January 2017.

Now Ford’s profits are dwindling as a result of the tariffs.

Don't worry, his pockets are still greased and his bank accounts are full as ever. Just his workers that will fall on the sword.

[Badger]

https://twitter.com/ianbremmer/status/1020301570502811649

Jokes aside, this is literally going like one of Trump's business ventures: he's going to keep lying and conning right up until the end when everything ends in disaster and then he blames everyone else for letting him down since he thinks of himself as the smartest person in the world.

This.

[GeorgiaModerate]

South Carolina electronics plant to close because of Trump tariffs

126 jobs lost.

[ProudModerate2]

South Carolina electronics plant to close because of Trump tariffs

126 jobs lost.

I hope all 126 of those (ex)employees voted for trump.

[True Federalist (진정한 연방 주의자)]

South Carolina electronics plant to close because of Trump tariffs

126 jobs lost.

I hope all 126 of those (ex)employees voted for trump.

Doubtful. Clinton won Fairfield County where the plant is located 62-36. Maybe the management voted Trump, but I'm fairly certain a majority of the hourly employees voted Clinton.