TOPIC:

BC wrote:

I have no doubt there are some very smart cookies in US Commerce, Treasury and Home Affairs departments DD who would have done a lot of economic modelling to gauge the impact of these tariffs but for a layperson like myself, I can't help think these tariffs risk the US going into recession which is bad for all of us.

It will most certainly raise the price of imports into the US as the importer pays the additional tariffs and then either passes it on to the consumer, absorbs it and takes a profit hit, or a combination of both. Whichever way it goes, it will mean prices invariably goes up in the US.

If Strumpet thinks that will encourage manufacturers to bring their operations onshore into the US, then clearly he's forgotten that to set something like that up takes a lot of capital and time, and won't happen overnight. In the meantime, US retailers who have relied on imported goods will either lift prices as a result of the tariffs, or turn to US makers which by sheer demand, will also lift prices.

He's playing a very risky game which could turn against the US completely by offshore manufacturers looking for other markets and the US becoming a very isolated super power. That has already started to happen with the announcement of a unilateral co-operation agreement by Japan, China and South Korea.

A 10% tariff on Oz goods won't mean a whole lot at days end, but it does signal the end of AUSFTA which has been in place since 2005 and a major shift in trade and relations between the 2 countries.

Of course BC the full positive effects aren't going to happen overnight but no doubt construction has already begun and those benefits are already being felt.

Eggs down 59% already. Meanwhile in our own backyard eggs never been more scarce and expensive. The new dunny paper.

I will give everyone the drum about tariffs Sunday. Snowed under atm. My gut thought though is that they must be good - multinationals hate them. 💪

Time for a flag. You blindly follow a guy who has built a career on fairy tales and lies yet crack the shits when your footy team plays games by naming a couple of players out of position in their Thursday night selections. 
Talk about blowing things out of proportion.
 

The Imbecile in Chief has got no idea what he’s doing,there is not one leading economist who feels he has any grasp of the basic fundamentals of tariffs,and the Orange Jaffa’s incompetence and stupidity was in full display,when he managed the unthinkable,and bankrupted his Atlantic Casinos which was the highlight of his past business failures.The only people that think he’s a genius,are his demented clueless followers,and even Republican senators like previous bootlicker Rand Paul,have attempted to block the bill in the senate,and the out of control Buffoon has even imposed tariffs on uninhabited Antarctic islands that only house Penguins and Icebergs

royallucky wrote:

The Imbecile in Chief has got no idea what he’s doing,there is not one leading economist who feels he has any grasp of the basic fundamentals of tariffs,and the Orange Jaffa’s incompetence and stupidity was in full display,when he managed the unthinkable,and bankrupted his Atlantic Casinos which was the highlight of his past business failures.The only people that think he’s a genius,are his demented clueless followers,and even Republican senators like previous bootlicker Rand Paul,have attempted to block the bill in the senate,and the out of control Buffoon has even imposed tariffs on uninhabited Antarctic islands that only house Penguins and Icebergs

Tear off a couple of paper towels and wipe the foam away from your mouth RL and make yourself a hot Milo and hit the sack. WAFL is back baby!!

When DT & Vance says it will take time for all Trump's intentions to shine through for the average American Joe, does he mean 4 years? Can't think DT or a fella like Vance would be even concerned about the financial well being of their lower insubordinates.... they are rich fella's (well on paper) for a reason.....as the rich get richer, the poor get.....

Folk in NZ are all up in arms re: Trump's grasp on basic arithmetic....now the Kiwi's arent the brightest themselves when it comes to counting.....but Trump's abacus effort has definitely trumped them. How is the average American Joe going to cope without their Manuka honey now?

I do feel for poor Pingu and his family though.....going about his daily business providing for his family on some far off island, bothering no one of any significance, and now getting pinged for a tariff he cant possibly pay......reeks of arrogance and ego....as if DT cares about his beloved fellow Trumpster's.....he is a businessman nothing more nothing less, only concerned about lining his own pockets, not the pockets of others.....especially the surrounding insubordinates.

TFAF, I did love the Trumpster's comment about it "being an operation"....."just like a patient being operated on".....seen many a butcher masquerading as a surgeon over my time as a RN..... .how about you mate?.....let's just hope the side effects of this operation don't inflict life long scarring....though like many surgeon's, they ain't interested in what happens post op.....in their eyes their job is done once the scalpel is put down......

Norfolk Island hit with 29% Tariffs....

Only Trump could do that...

BC wrote:

I see Clive has cancelled his big Trumpets of Patriots event in Perth which featured Tucker Carlson by video hook up. Apparently they only sold 3 tickets but I'm assured DD, Bobby Boy and the Flagster can all get refunds of the $2 they paid.  

Clive the Clown Trumpet is looking at getting an even worse result this time than ever.

I see Dutton is also starting to tank and Trump is helping Albo look good.

Trumps also managed to bring the Canadian Liberal raging back into the race.

Freezin wrote:

TFAF, I did love the Trumpster's comment about it "being an operation"....."just like a patient being operated on".....seen many a butcher masquerading as a surgeon over my time as a RN..... .how about you mate?.....let's just hope the side effects of this operation don't inflict life long scarring....though like many surgeon's, they ain't interested in what happens post op.....in their eyes their job is done once the scalpel is put down......

It's going to be an economic disaster, inflation, jobs, and hitting the working class and middle class hardest with prices up and retirement funds down.

No wonder the Dems are starting to get wins in local elections already.