Trump Tariffs

@wallstreetcappers

 No argument here.    Depending on if or when the coward flip-flops on tariffs yet again, he may be up for impeachment in early 2027.

Somewhere in this thread I mentioned that Jeff Bezos said sellers on Amazon planned to pass along any of their additional cost to the customer.

From CNBC: Amazon merchants are hiking prices for everything from diaper bags and refrigerator magnets to charm necklaces and other top-selling items as they confront higher import costs. E-commerce software company SmartScout tracked 930 products on Amazon that have seen increased prices since April 9, with an average jump of 29%. The price hikes affect a range of categories, including clothing, jewelry, household items, office supplies, electronics and toys.

Ya think Amazon vendors are the only businesses raising their prices?

He's gotta go!

Oh,,  the torment..............

. Trump is the largest scheming huckster in US political history.

I reiterate,,, anyone who does not have to invest any of his own money ...just lends his name to a product and it makes millions ..billions of dollars is the best huckster that ever lived..

President Trump...........

@SarasotaSlim

 Why did you reply originally when you had zero to back up the weak response?

I know you support Trump but you need to bring actual content and information to a discussion or why be involved? We all know you are a huge fan and most anything he does you agree with so if you come to an actual discussion then you are better served to bring content if you are seeking to jump in as you did. In this case you made an odd comment with no evidence or actual proof, in fact you obviously have zero idea about the concept of meme coins or how they are created and costs associated with the comment you made. The fact that Trump when the coin was started got 80% of the outstanding potential coins, that does not mean he spent a dime on the costs, it just means he got someone to give him that in return for his political position and THAT is why I take issue. There is no such thing as a good huckster or an admirable scammer, I consider his self serving actions to profit while in office as cause for his removal, let alone that hilariously hideous redesign of the White House. 

So when is Putin going to stop since Trump declared on social media that he should, I guess along with all his other horn blowing nonsense that Putin will just give up because the king told him so.

@wallstreetcappers

So, what's your point ?

President Trump’s planned exterior additions to the White House’s north and south lawns .. will be self-funded by Our President.........

sorry for party rockin

  but...but...but... the disgusting racist, convicted felon leader of the GOP and head of the notorious trump Crime Family explicitly *PROMISED* that if American's voted for him he would bring prices DOWN immediately!   HE PROMISED!

....and also promised to end Russia's terrorist war for territory within 24 hrs of assuming office, although that is less important to all Americans than bringing DOWN prices like he promised...

Some times broken promises are not intentional,but need to be broken for the  good of the whole ..

Just pointing out some of the thoughts I had earlier on the tariffs and how they could be inflationary, but not necessarily so; in fact they could actually be anti-inflationary.

You had all of the anti-Trump economists of course guaranteeing that they would be inflationary; and they still are, along with all of the pundits on the news.

Yet, here we are now 40 days into the ‘trade war’ and it does not look so inflationary.

CPI has retracted, or gone down.

True flation curve is at 1.44%, well below the FED’s 2% target.

So, even though the USA is in a trade war, prices are retracting.

I talked and wrote about this in a couple of places how they could possibly be anti-inflationary.  But I figured I would post a basic version of that here.

The USA tariffed the World and are renegotiating trade deals.

They have signed a great deal with India, for example.  Where the taxes, or tariffs, are dropping on their side of the trade equation.  In other words, if they are dropping tariffs from 30% to zero then, in theory, any good the USA gets from them will be 30% cheaper.

But still all of the folks are still saying the tariffs are going to be inflationary — guaranteed.

But we are well into the ‘trade war’ now and CPI just went down.

Durable goods just had their best month ever, from a percentage point.

Now as more and more countries drop their export tariffs that the USA gets paid, the prices of all goods should be coming down as well.

My thought has always been that because of USA consumerism that other countries would drop the taxation on their side, therefore lowering prices.

So, it should not be surprising to these experts and analysts when the CPI goes down, yet again, as the USA secures more trade deals where other countries are no longer taxing those goods.

This would be a retraction in prices and not an increase in prices.

So, I look for CPI next month to come in below analyst’s expectations again.  Because countries are dropping their export tariffs on their side.  Which will make the prices of the goods retract, not increase.

Obviously, there is a bit more to it than that.  And certainly it is a fluid and dynamic equation where a lot of things could happen and change the outlook. But we shall see.

@Raiders22

 How can you analyze tariffs when they have not even began to cycle through the economy? A strong example was the beginning of Covid with the shut down, when it first happened and for a good six months after prices per CPI and especially consumer consumption did not go up due to inventories currently in the channel and not sold. I would not expect any tariff impact for a solid six months if any of these flim flam tariffs actually do happen. It is like my friend mentioned, the ports where goods come in only have an inspection rate of less than 10 percent so how are these tariffs going to be levied? Who is going to collect these hocus pocus tariffs when you have such a low percent of inspection? 

In addition, CPI is year over year, we should expect demand to slow as jobs are being cut, stock market going down etc as people are less motivated and are concerned about a recession. Ive been purchasing less and I would hope that people are cautious and concerned so the impact of whatever this tariff nonsense ends up being could take a year plus to really show in CPI.

@SarasotaSlim

 Point was why did you make a comment when you really added zero to the discussion? You have other pom pom Trump threads, if you are entering a thread where actual discussion and conversation goes on please bring content and value not just blabbering I love Trump garbage. Maybe do a bit of research on meme coins before since you felt the motivation to comment on the topic you might take just a few minutes to educate yourself.

yep he did make many promises to sucker idiots to vote for him   but its clear they were lies

hes known for that

People don't realize it yet but empty cargo ships from abroad have cascading ramifications.

They mean no work for dock workers. No work for truckers. No work for retailers. Fewer dollars circulating in the economy. It also means no outgoing products shipped abroad. Perhaps when more non-governmental workers start losing their jobs or work less hours, people will wake the fuck up! 

MAGAS don't have to admit they were wrong even though they were. What I don't understand is they won't admit he lied to them & continue to fuel this runaway dumpster fire!

@wallstreetcappers

My comment, if you were following..and I don't think you were..was to post #360 and his HE PROMISED!...HE PROMISED!...comments in his post......

...and STOP singling me out for your attacks ...( Mod to Member] harassment...and I don't want to tell you this a second time ...

..or you will be reported for  abusive or harmful comments ...get it ?

@wallstreetcappers

 The expectation is 6-8 weeks normally.  It should not take 6 months at all.  So, for sure you can start to look at data 40 days in.
The Pandemic is not really a good example.  There you had a shutdown and saw the very next month CPI drop to -.7.  With tariffs the supply is not shut off due to no availability.  

My point is all of the pundits were ‘analyzing’ the tariffs even before they were implemented.  So far, they have been wrong.  My contention all along is they still may stay wrong and keep doubling down on it.  

But as I said, there is still time for things to change.  

I can't be anyone,,,other than myself ......so be it..

Trump lies constantly to appeal to the ignorance and grievances of voters.   Many Trump voters didn't vote based on reality. Instead they voted while under the influence of false propaganda.  GOP pervert democracy by reducing voters ability to make informed choices.  Trump likes uneducated voters because they are easier to manipulate.

@wallstreetcappers

I have to apologize for sounding off on you in post #367...

It was uncalled-for......and for that,,,, Please accept my sincere apology...

 I had just received word shortly before that post ,,that a dear friend of mine had passed away...at that time,in my grief,,,  I just needed to strike out at someone,anyone .Sorry ...........

I hope you can understand and accept my apology

@thirdperson

 It's a formula that works well for him, as well as most other fascists and convicted felons.....at least for a time.  Until exposed by the media.   Which he explains why he insists the "media is the enemy of the [pro-athoritarian] people!"

@Midnight1

Personally, I believe very strongly, they won't EVER give up on the racist-phuck in the oval because THEIR desires are more important to virtually every other issue. Predominantly their base is intolerant of anyone who is "different"...ie, who are not WHITE, English speaking, Christian; and including any who are LGBQT+; and those who support our LAWS, human rights and women's rights; and those who support the environment over corporate greed; and supporters of broad "utilitarianism" as opposed to the deplorable MAGA "wiifm" philosophy.

And der Führer of the GOP, who also leads the notorious Trump Crime Family, is their conduit for bigotry/racism and the fulfillment of those desires...

Washington post reports that Amazon plans to disclose cost of tariffs to consumers.  Over 70% of Amazon products are produced in China. Many sellers are small retailers who would be forced to raise prices or go out of business.

@thirdperson

 According to the highly regarded Institute for local self-reliance, Amazon has already forced small retailers to go out of business.  See https://ilsr.org/articles/fact-sheet-how-breaking-up-amazon-can-empower-small-business/    As Amazon has grown, the number of independent businesses has fallen. Between 2007 and 2017, the number of small retailers fell by 65,000. About 40 percent of the nation’s small apparel, toy, and sporting goods makers disappeared, along with about one-third of small book publishers.

While Amazon touts sellers as “partners” in public, within the company, it refers to them as “internal competitors.” Both the House investigation and reporting by the Wall Street Journal have found that Amazon has spied on sellers and appropriated data about their sales, costs, and suppliers. It’s then used this information to create its own competing versions of their products, often giving its versions superior placement in the search results. Amazon has also been caught using its venture capital fund to invest in startups, only to steal those startups’ ideas and create rival products and services. In some cases, “Amazon’s decision to launch a competing product devastated the business in which it invested."

Maybe Amazon should be showing how much they siphon off sellers by way of their fees and how they undercut small retailers prices. Tariffs are NOT the issue with amazon. 

What are your thoughts on Amazon, since you brought up the topic, maybe you'd like to follow up? 

What are your thoughts about quoting the Washington post while Amazon is basically the owner of the WP?