Me too. I'm gratefull he's willing to do this experiment with his own economy. Like yourself I am no economist but there are some posters on here that know everything about everything so I'm sure they'll see us right ;-)I’m enthralled.
I don’t have any experience in economics, so this is going to be fascinating. If Trump’s advisors are correct and smarter than the rest, it’ll be some victory for the Orange one.
If it is as catastrophic as some experts predict, well hold onto your seats America. This could get nasty.
I have an inkling that one way or another this will get nasty.
Be gone with your nonsense. I'm proudly not on a 'side', and frankly it would be odd if I was.The only thing more predictable is a “both sides”, “we’ll have to wait and see” post from you that adds no value to the discussion whatsoever. :)
'Sides' lol.Yet another 'both sides' argument that holds no water.
It’s the second part of the sentence you should be paying attention to, fella.Be gone with your nonsense. I'm proudly not on a 'side', and frankly it would be odd if I was.
No. It's all of it. I'm not on a 'side' because I'm not a child or mentally ill. I find the tariffs thing and how it will work out genuinely interesting.It’s the second part of the sentence you should be paying attention to, fella.
It doesn’t matter.I’m enthralled.
I don’t have any experience in economics, so this is going to be fascinating. If Trump’s advisors are correct and smarter than the rest, it’ll be some victory for the Orange one.
If it is as catastrophic as some experts predict, well hold onto your seats America. This could get nasty.
I have an inkling that one way or another this will get nasty.
We all know you’re not on a side. That’s not a problem. The problem is you have no take. As Jim Rome says, “Have a take. Don’t suck.” It’s why your posts so often deserve the human buzzer. “We’ll see what happens” — really? What insight!No. It's all of it. I'm not on a 'side' because I'm not a child or mentally ill. I find the tariffs thing and how it will work out genuinely interesting.
I have an open mind, not an empty one so I'm not going to come at any issue with a 'take' unless I know a fair bit about it. I'm interested to see how these tariffs play out, and I'm not about to substitute a hatred (or love) of Trump for a considered opinion. You infect so many threads with your boring 'take' of everything through an anti Trump lens can you not just let this one develop?We all know you’re not on a side. That’s not a problem. The problem is you have no take. As Jim Rome says, “Have a take. Don’t suck.” It’s why your posts so often deserve the human buzzer. “We’ll see what happens” — really? What insight!
Because I have skin in the game and you don’t. Now I know that doesn’t really matter to you because I’m, you know, another human being, but if I’m too boring for you, feel free to stop reading and responding to my posts, muffin.I have an open mind, not an empty one so I'm not going to come at any issue with a 'take' unless I know a fair bit about it. I'm interested to see how these tariffs play out, and I'm not about to substitute a hatred (or love) of Trump for a considered opinion. You infect so many threads with your boring 'take' of everything through an anti Trump lens can you not just let this one develop?
Another daft comment.Me too. I'm gratefull he's willing to do this experiment with his own economy. Like yourself I am no economist but there are some posters on here that know everything about everything so I'm sure they'll see us right ;-)
I can see the Canada ones working as he's looking to boost US energy production anyway. Not sure about the eggs and avacados from Mexico though.
Me too. I'm gratefull he's willing to do this experiment with his own economy. Like yourself I am no economist but there are some posters on here that know everything about everything so I'm sure they'll see us right ;-)
I can see the Canada ones working as he's looking to boost US energy production anyway. Not sure about the eggs and avacados from Mexico though.
Absolutely. But I'm interested to see if this pans out to be their version of the lizz truss disaster, or if it is possible to win a trade war in what you correctly state is a global economy. Can a powerful economy succeed in isolation? I can't think of any examples besides perhaps communism which I don't regard as a success, or maybe germanys 'economic miracle' of the 30's.Another daft comment.
You don’t have to be an economist to work out that it’s not just an experiment with the US economy but an experiment for the whole world economy, and it doesn’t take a genius to work out that it’s one that’s pretty much doomed to fail spectacularly for a whole host of reasons that real economists have spelt out in detail with no counter argument from anyone who has any credibility with anyone but morons.
Interesting point about intended harm. I've been wondering if the intent is to cut supply and so increase demand for domestic production to enrich certain folk.The problem with this energy production business is that the US can't just "boost it", because they don't have it. There are mineral deposits and natural resources that the US simply does not sit on top of. One of those is heavy crude, for which currently the US gets about three quarters of its supply from Canada. The US produces lighter crude, which is more expensive so it exports it for a higher price.
There are other suppliers of heavy crude in the middle-east and Venezuela, but up until now the US has benefited from importing a huge proportion of Canada's crude at a discounted rate, feeding that into refineries in the Mid-west and getting super cheap prices as a result.
There is no real replacement for that which is as cost-effective as Canadian crude - US products refined from CAD oil are about as cheap as it gets. Trump's blind hope is that Canadian producers choose to eat the tariff cost by reducing prices further because they can't afford to lose the trade from the US. But given this is one area where Canada has significant leverage and can really hurt the US, I can't see their government just letting that happen.
It is intriguing because this kind of really dramatic action with sweeping tariffs is like a relic of the past. Bringing them into our 21st century global economy where there is so much interconnection and competition makes it really hard to see how they can be anything other than an act of self-harm. But they will cause plenty of harm to others along the way... and maybe that is the point of it.
A secondary problem for Trump is the simple fact that in terms of oil the US does not control prices. The US is now the biggest oil producer but it isn't the biggest exporter and it is the heavy exporters who control prices, especially the large OPEC countries who will view the US as a competitor.The problem with this energy production business is that the US can't just "boost it", because they don't have it. There are mineral deposits and natural resources that the US simply does not sit on top of. One of those is heavy crude, for which currently the US gets about three quarters of its supply from Canada. The US produces lighter crude, which is more expensive so it exports it for a higher price.
There are other suppliers of heavy crude in the middle-east and Venezuela, but up until now the US has benefited from importing a huge proportion of Canada's crude at a discounted rate, feeding that into refineries in the Mid-west and getting super cheap prices as a result.
There is no real replacement for that which is as cost-effective as Canadian crude - US products refined from CAD oil are about as cheap as it gets. Trump's blind hope is that Canadian producers choose to eat the tariff cost by reducing prices further because they can't afford to lose the trade from the US. But given this is one area where Canada has significant leverage and can really hurt the US, I can't see their government just letting that happen.
It is intriguing because this kind of really dramatic action with sweeping tariffs is like a relic of the past. Bringing them into our 21st century global economy where there is so much interconnection and competition makes it really hard to see how they can be anything other than an act of self-harm. But they will cause plenty of harm to others along the way... and maybe that is the point of it.
I’m interested to see what would happen if WW3 started but I’m not daft enough to actually want it to play out to satisfy my interest out of morbid curiosity.Absolutely. But I'm interested to see if this pans out to be their version of the lizz truss disaster, or if it is possible to win a trade war in what you correctly state is a global economy. Can a powerful economy succeed in isolation? I can't think of any examples besides perhaps communism which I don't regard as a success, or maybe germanys 'economic miracle' of the 30's.
I thought the comparison may not be apt but it cheers some folk up to compare Trump to Hitler I suppose.
Interesting point about intended harm. I've been wondering if the intent is to cut supply and so increase demand for domestic production to enrich certain folk.
Yes, I see you have your opinion. I'm a bit more relaxed i think because I live my life in two very separate places and currencies. I'm quite usd to my personal finances turning on the whim of global economics - swings and roundabouts etc.I’m interested to see what would happen if WW3 started but I’m not daft enough to actually want it to play out to satisfy my interest out of morbid curiosity.
Another analogy would be a pile up on the motorway. Everyone slows down to have a look but you know it’s very bad news.
Unfortunately, short of civil war, the US system doesn’t really have the means to remove him like we did with Truss unless a significant number of Republican congressmen grow a pair. He has systematically dismantled most of the checks and balances that could have been used.
The spin he puts on it for domestic consumption is probably more predictable. It's hard at present to be certain if he is engineering a crash to benefit those 'below the surface' as you say, or does he actually think he can win some sort of economic siege/game of chicken - like a vast poker game.If there's one thing I've learnt about Trump's policies, it's that you don't have to chip away far below the surface until you find who is really benefiting. And it is usually some combination of him and those who keep him afloat.
Also important to understand is that the reality of the situation is secondary to how he can use it as messaging for his base or some kind of casus belli for further action. It's easy to see a scenario where just as the pain is being felt he removes the tariffs after a "successful negotiation" and half the US think he's the next coming of Julius Caesar.