Trump’s Disastrous Trade War

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  • Seshmeister
    ROTH ARMY WEBMASTER

    • Oct 2003
    • 35750

    #16

    Comment

    • Seshmeister
      ROTH ARMY WEBMASTER

      • Oct 2003
      • 35750

      #17

      Comment

      • Nickdfresh
        SUPER MODERATOR

        • Oct 2004
        • 49563

        #18

        Comment

        • Kristy
          DIAMOND STATUS
          • Aug 2004
          • 16728

          #19
          Originally posted by Nickdfresh
          https://www.theguardian.com/us-news/...tariffs-u-turn

          Trump ignites ‘insider trading’ accusations after global tariffs U-turn


          US president posted it was ‘a great time to buy’ on social media just hours before pausing tariff impositionsLauren Almeida Thu 10 Apr 2025 06.40 EDT
          Donald Trump is facing accusations of market manipulation after posting on social media that it was a “great time to buy” just hours before he made a dramatic U-turn on his trade war that led to big rises in stock markets around the world.

          Shortly after US markets opened on Wednesday morning, Trump wrote on his social media platform Truth Social: “THIS IS A GREAT TIME TO BUY!!! DJT”.

          Less than four hours later, he shocked investors by announcing a 90-day pause on additional trade tariffs on most countries except China, sending share indexes soaring.
          ...
          None of that matters. Have we all forgotten this corrupt Supreme Court gave orange F A T T Y carte blanche to do anything he goddamn wants?

          Comment

          • ZahZoo
            ROTH ARMY WEBMASTER

            • Jan 2004
            • 9163

            #20
            Originally posted by Seshmeister
            Thoughtful video... but the guy clearly isn't familiar with how how big business works. His example of the Fender Ultra Strat and the possible cost increases due to non-US manufactured parts or the light bulbs, cardboard, tape, sandpaper, etc. manufacturing costs going up due to tariffs.

            Some simple math... $2800.00 MSRP for the guitar. 95% of the material/parts are US made = $0.00 tariffs added. 5% of the smaller parts... screws, pots, wire, solder, etc subject to a 10% tariff may only increase the wholesale cost of materials less than $10 total. Overhead costs like light bulbs, cardboard, tape, sandpaper, etc. may only increase overall manufacturing cost by 5%. Assuming Fender doesn't source their factory with US made stuff...

            With all that... materials cost increase $10. Operating costs increase $20 per unit produced. That's a net increase of $30 per guitar made. Back to MSRP of $2800.00 which is marked up for a guitar that costs Fender $1000.00 - 1400.00 to build... materials, labor and overhead... Fender could eat the small increase in manufacturing cost without passing that on to the consumer or raise their prices slightly. Still profitable and no one goes out of business...
            "If you want to be a monk... you gotta cook a lot of rice...”

            Comment

            • Seshmeister
              ROTH ARMY WEBMASTER

              • Oct 2003
              • 35750

              #21
              I don't think you realize what's happened to you yet.

              The UK went through a version of this with an idiot politician called Liz Truss who fucked us. Our system means that the other conservatives could kick her out which stopped our economy completely collapsing but a couple of years on we're still poor. 15 years ago the average person in the UK was close to as well off as the average American plus we had better free healthcare. Now after nationalist bullshit Brexit (splitting from your neighbors on trade) and a dumb fuck leader meaning that the markets don't think you're a safe bet means that you have to start paying a lot more for credit - bonds as they call them in the US we're 30% poorer than Alabama .

              The reason Mango Mussolini didn't do this in his first term is that people around him stopped him from being so fucking stupid.

              A couple of days ago the rest of the world valued investing in Greece as a safer bet than the USA. Think about that Greece nearly went under a few years back and it's Greece.

              The US has to find 11 trillion dollars of credit in the next few months from the rest of the world. The rates on that debt have just gone up which means the US is fucked and because you are fucked it affects everyone else too.

              It's like if in the old days if you went to your bank to get a loan but you had shat your pants and were drunk or you were black or whatever. Investors don't trust you any more and the whole crazy system is built on a fucking hairpin of trust.

              Also I don't think watching Fox or whatever you quite get how fucking pissed off the rest of the world is with the USA at the moment. That actually matters BTW when a lot of your wealth is built on cultural shit like Hollywood or McDs or buying Apple rather than Android.

              No one wants to go and see a film called Captain America in Europe or Canada at the moment.

              US made Fender exports will collapse and home purchases will be down because people will have fewer bucks in their wallet.
              Last edited by Seshmeister; 04-11-2025, 07:46 PM.

              Comment

              • ZahZoo
                ROTH ARMY WEBMASTER

                • Jan 2004
                • 9163

                #22
                I get it that there's a lot of people around the planet that are not happy with the US right now. Hell... half the US is not happy with the US right now. It would be foolish to think this disruption will miraculously work out great for everyone. It could very well be disastrous globally.

                I'm not a fan of Trump nor buy into some of the MAGA hype. I don't get why some think I'm a big fan of Fox news... maybe it's because I think like fiscal conservative. Some of what's playing out aligns with my idea of a better government... less of it, less taxation, less regulation, and far less money wasting from my earnings.

                But I've also been around long enough to have experienced some of the highs and lows of this country. I've also had to reinvent myself to remain somewhat successful and live a decent life.

                To that end... one of the main objectives of this tariff/trade war is to bring back manufacturing and return the US to a certain level of self-sufficiency. We used to invent and make stuff here. Now we invent a lot still... but we offshored most of the making stuff. This is really relevant to me and my life...

                I started working in Silicon Valley in the late 70's when it was predominately an industrial manufacturing operation. Huge factories and computer chip wafer fabs building all that emerging technology. I worked in an engineering lab building the test environment for Point of Sale systems and laser bar code readers at National Semi Conductor. We made virtually every component, circuit board and all the hardware used in these systems either locally or sourced within the US.

                In a little over a decade, most of that manufacturing moved off-shore. I moved over to software development, In less than a decade most of that moved off-shore... I moved over to IT services. In less than decade most of that moved off-shore... I moved over to IT security in the Health care industry. If you look at that transition... I think you can see where I would support "reshoring" some of our industry elements.

                Then to take that generational... of my 5 kids, 3 work in the trades... Oil & Gas, steel production and electrical engineering. The other 2 are in health care. For their futures it would benefit them and my grandkids to see major portions of the industries where we make stuff return. This is why I am in favor of some of what's playing out. I
                "If you want to be a monk... you gotta cook a lot of rice...”

                Comment

                • Seshmeister
                  ROTH ARMY WEBMASTER

                  • Oct 2003
                  • 35750

                  #23
                  It's not going to happen.

                  Firstly because factories aren't going to have more than a handful of people in them supervising the robots but worse than that what Trump has done actually makes it even less likely because he's not just going to cause a worldwide recession he's going to scare away investors.

                  Losing all your investment capital is a fucking bitch, it fucked the UK after Brexit.

                  The irony is that sleepy Joe actually had boosted your manufacturing a lot considering. You need to forget about manufacturing like you need to forget about coal. The US superpower is innovation and translating that into wealth. Trump is killing your science already.

                  Anyhoo we're just shooting the shit on a music website who cares what is said here.

                  Comment

                  • Nickdfresh
                    SUPER MODERATOR

                    • Oct 2004
                    • 49563

                    #24
                    Originally posted by ZahZoo
                    ....
                    I'm not a fan of Trump nor buy into some of the MAGA hype...... I
                    LMFAO! literally spit beer at screen at this...

                    "Yeah, I don't really support Trump that much other than voting for him twice and watching Fox News everyday regurgitating all talking points!"
                    Last edited by Nickdfresh; 04-12-2025, 10:12 PM.

                    Comment

                    • Nickdfresh
                      SUPER MODERATOR

                      • Oct 2004
                      • 49563

                      #25

                      If Trump in any way really beLIEved he was returning manufacturing to the States, he wouldn't be doing this:

                      Last edited by Nickdfresh; 04-12-2025, 10:13 PM.

                      Comment

                      • Seshmeister
                        ROTH ARMY WEBMASTER

                        • Oct 2003
                        • 35750

                        #26
                        It seems a bit off to try and pin every action that Trump does on Zah because he is just about the only one of the 70 million that voted for him posting in this forum at the moment.

                        The 30 million hardcore won't even engage. The majority of CVH fans are middle aged white American males, that's very much a Trump demographic.

                        Comment

                        • Nickdfresh
                          SUPER MODERATOR

                          • Oct 2004
                          • 49563

                          #27
                          Originally posted by Seshmeister
                          It seems a bit off to try and pin every action that Trump does on Zah because he is just about the only one of the 70 million that voted for him posting in this forum at the moment.

                          The 30 million hardcore won't even engage. The majority of CVH fans are middle aged white American males, that's very much a Trump demographic.
                          Not pinning any "actions" on Zah, just his ridiculous statements that have been nothing but lockstep with this admin....

                          Comment

                          • Nickdfresh
                            SUPER MODERATOR

                            • Oct 2004
                            • 49563

                            #28
                            His fucking retarded statements on somehow Trump playing 3D chess and an king "powermoves" are fucking galling and childlike....

                            Comment

                            • Seshmeister
                              ROTH ARMY WEBMASTER

                              • Oct 2003
                              • 35750

                              #29
                              I did read a quote this week from a 'White House insider' who said it wasn't so much 4D chess as trying to stop Trump eating the pieces.

                              I just wish more people had read anything that virtually all the people from the first tern wrote afterwards. That reached a tiny amount of people, in the good old days of less partisan centralised TV media he wouldn't have been anywhere near the Republican nomination never mind anything else.

                              Comment

                              • ZahZoo
                                ROTH ARMY WEBMASTER

                                • Jan 2004
                                • 9163

                                #30
                                Originally posted by Nickdfresh

                                LMFAO! literally spit beer at screen at this...

                                "Yeah, I don't really support Trump that much other than voting for him twice and watching Fox News everyday regurgitating all talking points!"
                                Don't be so short sighted and narrow minded... I've been an Independent with strong fiscal conservative values for the last 40 years. Long before Trump ever got into politics and before Fox News dominated cable news.
                                "If you want to be a monk... you gotta cook a lot of rice...”

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