The tragicomic mask of a self-appointed circus ringmaster of turbo-capitalism may be as pathetic as the European chihuahua rage boosting their “revenge” via Rearmament – with funds that they plan to steal from the savings accounts of unsuspecting citizens.

this is new to me

Yet TTT is above all a trade war on Asia. “Reciprocal” tariffs – not exactly reciprocal – were imposed on .... earthquake-hit Myanmar (44%)

that is playing on emotions

Focusing on the Falkland Islands. Maybe it is a funny example but if you leave a loophole then someone will use it.

Except this, it really is worrying that the moves look erratic and not prepared.

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Vermillion-Rx

3mo ago Wallstreet Bets

@Typo-MAGAshiv

Don't forget to tell your boss and coworker to "respect the tag" any time they criticize you, since you're now an endorsed contributor

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3,000 fcks

SeasonedRP

@Stigma For something like this to have a chance of working, the tariffs need to be enshrined in law by Congress so those who make business investment decisions can factor them into risk-return calculations in determing where to build production facilities. Since these were just announced by the President and could be undone in a few years by the next President, the prudent move would be to hold off on investments and have lobbyists work on exemptions/getting them repealed. I'm skeptical that significant production will move to the U.S. because of these tariffs. It's absurd Europe has tariffs still on U.S. goods, but seems like there are other ways we could apply pressure to get them removed. More of a focused approach targeting especially bad actors like China would have been better. And an advanced economy like the U.S. doesn't need to make everything (e.g., shirts, shoes, other basic products unrelated to national security).

3mo ago Wallstreet Bets

@Stigma

One of the wealthiest Americans was cashing the stock, can't remember his name. I was wondering how will that work a s a marker.

Not gonna lie. I'm down on the stock pretty solid.

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Typo-MAGAshiv

3mo ago Wallstreet Bets

@Stigma need to finish getting ready for work, so I'll look that up later

I recall one was a large computer chip company out of Taiwan. Can't think of the name.

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Stigma

3mo ago Wallstreet Bets

@Typo-MAGAshiv I saw initial reports that JCB were "moving their production to the US" but upon further inspection they are increasing the size of a factory already under construction. So I guess it's not for nothing.

What were the others, out of interest?

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Typo-MAGAshiv

3mo ago Wallstreet Bets

@Stigma there have been a few different large manufacturers who have declared intentions to build large plants in the US instead of overseas

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Stigma

3mo ago Wallstreet Bets

@Typo-MAGAshiv

So far, it looks like it will, despite all the naysayers.

What have you seen to give you that impression? I'm unable to phrase that question so it doesn't at first appear combative, but I'm genuinely trying to drill into the aim and repercussions of this thing, divorced from ideological positions.

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Typo-MAGAshiv

3mo ago Wallstreet Bets

@Stigma *shrug*

Other countries have been charging tariffs on US-made goods for decades.

We haven't been.

During these decades, most of our jobs went overseas.

Will reciprocity bring the jobs back?

Who knows? Only one way to find out. So far, it looks like it will, despite all the naysayers.

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adam-l

3mo ago Wallstreet Bets

@Stigma on the bright side, I've stumbled on some forgotten Lefties, that ironically think that this kind of national "protectionism" is very left-wing and support it...

Clown world indeed.

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