Trump Tariffs - Does Trump Know What He's Doing? Will Anything Good Come Out of Them?

[Winston]

What do you all think of the Trump tariffs against the rest of the world? Trump is a smart businessman, but does he know what he's doing? Will anything good come from them? How are they supposed to create manufacturing jobs in America? I don't get it. Shouldn't he bring companies back to America first before imposing these tariffs? Otherwise, what good would they do? What is Trump's logic? Does it have any legit basis or rationale?

Here is a new Town Hall where Bill O'Reilly and Chris Cuomo interview Trump about his tariffs. What do you all think? Does Trump know what he's talking about or is he blowing hot air?

[Shemp]

Trump is a smart businessman, but does he know what he's doing?

Trump is a bad businessman but a very talented media personality, which is why he keeps getting resuscitated after his bankruptcies and why he was able to get elected President of USA twice despite being his complete unfitness for that position. So, yes, Trump definitely knows what he is doing with respect to getting fools to admire him and vote for him.

Will anything good come from them [tariffs]?

Yes again. Trump is destroying the myth of USA superiority in a controlled way, without the risk of nuclear war that existed under Blinken or whoever else was making decisions for Biden. USA will decline in power rapidly to the level of Brazil/Argentina except with nukes. Like Brazil/Argentina, USA will be a resource economy ruled by plutocrats and will isolate itself in its North American island fortress and stop causing trouble elsewhere in the world. China will replace the USA as the center of economic and cultural power and also the world's most powerful military. China is not imperialistic , so it will not start wars in Mideast and Africa like USA does, but wars in those areas will still occur and China might intervene to stop those wars.

[Moretorque]

Mr. Wu, our Constitution here in the US says the federal government is supposed to operate that way.

[Moretorque]

Trump is a smart businessman, but does he know what he's doing?

Trump is a bad businessman but a very talented media personality, which is why he keeps getting resuscitated after his bankruptcies and why he was able to get elected President of USA twice despite being his complete unfitness for that position. So, yes, Trump definitely knows what he is doing with respect to getting fools to admire him and vote for him.

Will anything good come from them [tariffs]?

Yes again. Trump is destroying the myth of USA superiority in a controlled way, without the risk of nuclear war that existed under Blinken or whoever else was making decisions for Biden. USA will decline in power rapidly to the level of Brazil/Argentina except with nukes. Like Brazil/Argentina, USA will be a resource economy ruled by plutocrats and will isolate itself in its North American island fortress and stop causing trouble elsewhere in the world. China will replace the USA as the center of economic and cultural power and also the world's most powerful military. China is not imperialistic , so it will not start wars in Mideast and Africa like USA does, but wars in those areas will still occur and China might intervene to stop those wars.

The one thing you need to consider under all this rule is the system monetarily comes from London world wide. That is why I say the world is essentially a British colony.

[Voyager1]

Donald Trump refuses to drink coffee during Saudi Arabia ceremony
https://www.msn.com/en-ca/news/world/do ... r-AA1EKohH

After formal introductions were made, the coffee and tea ceremony took place.

Trump accepted the cup and placed it on his lap.

His counterparts all drank their drinks while Trump awkwardly looked around.

This stems from his days in New York where he would not go to regular restaurants because chefs would spit in his food. He would only have his staff collect food from fast food places such as McDonalds.

I do not blame him for not drinking the coffee. His Secret Service probably told him not to. It could be poisoned by the Saudis

[Shemp]

The one thing you need to consider under all this rule is the system monetarily comes from London world wide. That is why I say the world is essentially a British colony.

Alex Krainer
https://substack.com/home/post/p-163687163

​​"Over the past seven of eight years I have repeatedly suggested that Great Britain is the world's leading arsonist of peace,..."

[Voyager1]

Trump erupts at ‘obnoxious’ Bruce Springsteen with threats and insults after the Boss criticized him at gig in UK: ‘Dried out prune of a rocker’
https://www.msn.com/en-us/news/world/tr ... r-AA1EUM5b

Springsteen, 75, was performing at Co-op Live in Manchester, England earlier this week when he delivered several monologues railing against the Trump administration, DOGE cuts and ICE deportations.

Dried out prune of a rocker

[MrMan]

We'll see if the tariffs are a negotiating tactic. Trump seems committed to it.

Trump tariffs run contrary to economic theory, Adam Smith and Ricardo and classical economic theory, neo-classical economic theory, and New Trade Theory. Tariffs are supposed to be bad. Economists blame Smooth-Hawley for making the Great Depression worse. Trump has a different view of this.

I would say there are some political economy type arguments that run contrary to popular wisdom that could look at worst-case-scenarios, and not quite worst case scenarios. If free tried drives all a countries farmers out of business, and there is a war or a famine, then that could be really bad for a country. So interfering with free markets through trade and subsidies could keep farmers afloat, and there is some 'national security' and food security type reasoning behind this. The US does not want free trade in weapons (e.g. nukes) for obvious reasons. From a military perspective, it may make sense for us to have some bare minimum steel and aluminum industry in the US. Though Canada has been a pretty close partner historically.

One can argue that the whole globalization system is propped up by the US navy warding off pirates, allowing small countries to specialize and trade freely and get rich off of our navy. But we lead the system. Our currency, as many others, is built on faith in the system. Our currency has for many decades been the vehicle currency through which oil and other currencies are traded. If we pull out of the system, might our debt catch up to us? Our leading the monetary system and having an important role in it, might ultimately enable us to finance our large federal government and military and economic power. It think the system benefits us.

I see Trump doing some things that could reshape the system or knock it down. One is lack of verbal commitment to NATO. He's concerned with cost-cutting, but in his previous administration, could his statements about NATO cause Europe to pull away from the US, stop letting us set its policy, etc.? Not defending Ukraine when we have treaty to do so is another issue. If Europe doesn't trust us, doesn't follow us, could that destroy our fragile monetary system or maybe just hurt it? Then the trade wars could do the same thing.

Tariffs create a lot of inefficiency in the market. If we could substitute tax for tariffs, and every country did that... taxes create inefficiency, so it might be good in that the poor and frugal could opt out of tariffs by decreasing spending... but our economy seems to be based on consumption, and the heavy consuming generation in our country and many others is small.

We have a relatively smaller working consuming generation, while Trump wants to use tariffs to bring back jobs.

Tariffs can decrease over time as they can lead countries to find cheaper suppliers elsewhere. If we have high tariffs and other nations are on free trade, they can trade with each other and trade less with us.

On the other hand, Trump reduces regulation and government spending. While government employees jobs are now less safe, this could mean cost savings for us. Trump seems to put deregulation and stimulating the economy over environmental regulation. That could heat up the economy, so this might offset some of the tariff issues.

And there are people who think a strong nation has a well-rounded economy with lots of sectors producing different things. The US is big enough to be an autarky. We'd just have less variety for consumer goods and higher prices. We could be poorer overall, but possibly with less disparity between the rich and poor if, as historically, manufacturing jobs pay more. But then retirees income will probably not go up on the poorer side of the scale without the government increasing social security.

Btw, I'm not saying the other candidate would have been better. The US was pressuring African nations to be open to homosexuality. The government was promoting child castration, and that damage to the social fabric might have been worse than economic policy. I'd rather have a little bit weaker economy and maybe even lose some global influence than be in the US of Gay, with teachers encouraging the kids to get castration and mastectomy operations... and then whatever the next step of perverseness and weirdness would be on the agenda.