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Replies: 26
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Clemson Conqueror [11381]
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Next level objectives of the Trump tariffs - - -
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Apr 3, 2025, 2:10 PM
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- - - per Substack’s Andrew Korybko. C&P from the salient part:
“The first is to strengthen the US’ supply chain sovereignty so as to eliminate the leverage that other countries have over it. This might not be pursued solely for the sake of it, but perhaps also as contingency planning, thus hinting at concerns about a major war. The two most likely adversaries are China and Iran, and a hot conflict with either would throw the global economy into turmoil. Trump might therefore want to prioritize reshoring in order for the US to preemptively minimize the consequences.
The second goal builds upon the first and relates to the US prompting every country to renegotiate their bilateral ties, during which time the US could offer to reduce tariffs in exchange for certain concessions. These could take the form of distancing themselves from China to a degree and gradually replacing it with the US with their top trade partner. Other incentives could also be dangled such as technology-sharing and military deals. The purpose would be to weaken China by chipping away its foreign trade.
And finally, the last goal is to shape the emerging world order, to which end the US had to speed up the end of the present one by shaking the global economy to its core like Trump just did. Obtaining supply chain sovereignty and replacing China as the top trade partner for as many countries as possible would give the US’ leverage over a sizeable portion of the world. While it’s premature to speculate the ways in which the US could exploit this, it’ll almost certainly be in the context of its systemic rivalry with China.“
(*). By doing the tariffs first, and then creating powerful motivation by America’s international suppliers, the framework for fast, comprehensive resetting of trade relations has replaced the slow, low-motivational historical approach in which the framework for fast of reference had been to accept all (including unfair) tariffs, and then to conduct time consuming re-negotiations on a one-at-time snails pace (which would assure that meaningful corrections to correct tariff imbalances would, in effect, never get done.
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Game Changer [1830]
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Per a guy on substack who lives in Moscow.
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Apr 3, 2025, 2:14 PM
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Lol
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Paw Master [17739]
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Re: Per a guy on substack who lives in Moscow.
Apr 3, 2025, 2:26 PM
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If you want some work JJ, go to Fort Wayne, IN. GM just announced increased OT for existing workers and hiring several hundred new temporary workers for their truck plant.
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Game Changer [1830]
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Im good***
Apr 3, 2025, 2:29 PM
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Clemson Icon [24689]
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Game Day Hero [4460]
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Starting a major war ...
Apr 3, 2025, 2:22 PM
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Can't you just see Trump doing that and then using it as pretext for why he NEEDS to be retained for a 3rd term?
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Tiger Titan [48417]
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It's been almost humorous watching people who don't understand economics
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Apr 3, 2025, 2:29 PM
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Try to defend the tariffs.
Almost.
What you and Korybujackoff don't get is that at the rate we're going, it's going to be us against the whole world with a #### economy.
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All-Time Great [88004]
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Lutz, Andrew Korybko:
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Apr 3, 2025, 2:48 PM
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Campus Hero [13170]
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That is a ridiculously uneducated jumble of word
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Apr 3, 2025, 2:49 PM
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piles. Wanna reset the supply chain with US being a leader? Don’t enact all the idiotic tariffs at once. Manufacturing plants don’t spring up overnight, it would take decades. If you really wanted to do it, common sense directs you to a graduated approach. Allow US companies to plan and invest in doing so. And that’s only the tip of the first issue. If the dum bass who wrote that POS had greater than a 10 yr old’s understanding of international business and trade, he’d know this.
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Ultimate Tiger [34742]
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That is the description of RTD's posts I've been looking for...
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Apr 3, 2025, 3:53 PM
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uneducated jumble of word piles...LOL...perfect
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Ring of Honor [21759]
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Drill Baby Drill
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Apr 3, 2025, 3:02 PM
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Shares in oil drilling companies down big as oil prices plunge
Rob Wile
Alongside tech firms, oil drilling companies are also seeing major sell-offs as the price of oil "crashes" to nearly $65 a barrel.
Valero: -14%
Phillips 66: -13%
Devon Energy: -12%
ConocoPhillips: -10%
Occidental: -10%
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CU Medallion [20773]
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So much winning!***
Apr 3, 2025, 3:22 PM
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Ultimate Tiger [38053]
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Re: Next level objectives of the Trump tariffs - - -
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Apr 3, 2025, 3:23 PM
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These dudes will post stuff from someone’s blog and cite it for years, and will call an article written by 4 people and researched for 6 months and reviewed by 3 editors “fake news.”
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CU Medallion [18911]
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and are immune to shaming when called out for doing it...
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Apr 3, 2025, 5:23 PM
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Their willful stupidity is remarkably resilient.
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Game Day Hero [4285]
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Re: and are immune to shaming when called out for doing it...
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Apr 3, 2025, 5:29 PM
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We are finally finding out what happens when the inmates really do run the asylum.
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Top TigerNet [31971]
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Ring of Honor [21759]
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Next level gullibility of the Trump cult - - - fixed the topic title***
Apr 3, 2025, 5:27 PM
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Clemson Conqueror [11381]
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Rapidly changing paradigms are hard to grasp by many people
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Apr 3, 2025, 5:40 PM
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The stock market will be highly volatile in the short term. It’s easy to pick out a few losers and cite those as proof that the Trump tariff policies are disastrous.
FYI, early after-hours trading in XMAG indicate that the overall market (excluding the ‘Magnificent Seven) is predicting higher stock prices for the weighted average composite price of the S&P’s remaining 493 stocks.
The stock market certainly does not represent how the economy is shaping up for the vast majority of Americans. The Magnificent Seven, while representing the majority of market valuations in the country, could drop dad and yet the overall American economy would be minimally affected.
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Rock Defender [52]
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Re: Rapidly changing paradigms are hard to grasp by many people
Apr 3, 2025, 5:52 PM
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As someone above mentioned, another word salad.
I DO feel liberated! From my money that is.
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Top TigerNet [31971]
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Re: Rapidly changing paradigms are hard to grasp by many people
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Apr 3, 2025, 6:41 PM
[ in reply to Rapidly changing paradigms are hard to grasp by many people ] |
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The broad market is a leading economic indicator, and you may be right about paradigm shift - we may be shifting away from sustained 5 percent (or less) unemployment, an environment of comparative advantage (globally), and a dominant currency. A paradigm shift indeed.
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Legend [6768]
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If the commies are against them, I
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Apr 3, 2025, 8:00 PM
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want MORE TARIFFS!
150% reciprocal at least.
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Ultimate Tiger [34742]
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I love that you think the "commies" are against tariffs...
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Apr 3, 2025, 8:11 PM
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when the government trying to control the market (to the extent communists believe in markets) is a pretty communist...or more fit socialist...thing to do.
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Ring of Honor [21522]
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Re: Next level objectives of the Trump tariffs - - -
Apr 3, 2025, 8:03 PM
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Sweet Jesus.
There is wrong and there is...whatever this is.
This whole insane premise is based around the notion that manufacturers can just pack up their gigafactories like camping tents and set them up in Nebraska the day after next.
It takes a minute to do that. Like, years, actually, and billions in investments. Which nobody's going to make because everybody's going to be broke...and, oh, yeah, we're untrustworthy as he!! and deals made with Donald aren't worth the paper they're printed on. And what do we do for stuff in the meantime?
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Ultimate Tiger [34742]
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Not to mention investment needs some level of certainty...
Apr 3, 2025, 8:34 PM
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Are companies going to make massive investment decisions that only make sense with the tariffs in tact, knowing they can be reversed at any time. That's one reason tariffs should be set by Congress and not by the POTUS.
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Clemson Conqueror [11381]
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Re: Next level objectives of the Trump tariffs - - -
Apr 3, 2025, 8:54 PM
[ in reply to Re: Next level objectives of the Trump tariffs - - - ] |
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They are not just ‘packing up’ giga factores.
The companies are investing new capital in American operations.
Remember Biden didn’t back away from Trump 45 admin’s tariffs.
That history reminds foreign investors that putting money in American operations is a pretty good bet to be safe. I mean, if both Trump and Trump-hating administrations have demonstrated an appetite for tarrifs, then the risk of investing in America is clearly lower than what the ‘tariffs are bad’ people seem to think.
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Ultimate Tiger [34742]
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There is a HUGE difference between limited tariffs on China...
Apr 3, 2025, 9:00 PM
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Versus tariffs on the ENTIRE WORLD!
Come on
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Orange Blooded [2394]
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Re: Next level objectives of the Trump tariffs - - -
Apr 3, 2025, 9:00 PM
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All this sounds great if this was 1890.
Trump
“ These could take the form of distancing themselves from China to a degree and gradually replacing it with the US with their top trade partner.”
Trump tariffs are achieving the opposite. Trumps are gift to PRC. China will fill the vacuum left by trumps withdrawal from global leadership. Friends & foes already looking elsewhere.
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