Tariff - aftermath

[cubsfan]

It's tough being on the losing end of these things when the news is so good.

[cwericb]

18 hours ago, DooDiligence said:

 

Yeah, there's a few unhinged cult members on here. Unfortunately if you choose to ignore them and select "mentions" they still show up when someone quotes them. I wish there was a way to fix that glitch.

 

Yes, but they do add to the entertainment value here with their persistent belief that Trump is the man to fix the country's/world's problems. We shall see.... 

 

Strike one...

 

Over 50 times Trump has publicly declared that HE would personally end the war in the Ukraine on Day One. 

 

“First, I’ll meet with Putin, I’ll meet with Zelensky. 

They both have weaknesses and they both have strengths. 

And within 24 hours that war will be settled. It will be over. It will be absolutely over.” 
or even more  B.S.

“And before I even arrive at the Oval Office, shortly after I win the presidency, I will have the disastrous war between Russia and Ukraine settled.”

 

Easy peasy, right? Well we are still waiting sir .....  When are you going to end this war?  Or will you just drop it and slink away as usual. The great deal maker?

 

[DooDiligence]

Great leaders surround themselves with incontinence.

 

[cubsfan]

48 minutes ago, cwericb said:

 

Yes, but they do add to the entertainment value here with their persistent belief that Trump is the man to fix the country's/world's problems. We shall see.... 

 

Strike one...

 

Over 50 times Trump has publicly declared that HE would personally end the war in the Ukraine on Day One. 

 

“First, I’ll meet with Putin, I’ll meet with Zelensky. 

They both have weaknesses and they both have strengths. 

And within 24 hours that war will be settled. It will be over. It will be absolutely over.” 
or even more  B.S.

“And before I even arrive at the Oval Office, shortly after I win the presidency, I will have the disastrous war between Russia and Ukraine settled.”

 

Easy peasy, right? Well we are still waiting sir .....  When are you going to end this war?  Or will you just drop it and slink away as usual. The great deal maker?

 

 

Not that different than Canadian leaders saying in 2015 they will make their NATO commitments.

Now they push the date to 2032 to make sure they are the world's deadbeat.

 

So much for commitment to NATO alliance. 

[Hektor]

Walmart eating the tariffs

 

https://www.wsj.com/business/retail/walmart-layoffs-reorganization-2abd46eb

 

Walmart to Cut 1,500 Jobs

Walmart plans layoffs in a restructuring aimed at managing its expenses and speeding up decision-making.

 

Walmart and other retailers have been cutting costs, putting pressure on suppliers, shifting production to other countries and increasing prices to offset the cost of tariffs. Last week, Walmart said that it would raise some prices because of tariffs, prompting President Trump to criticize the company. The company reported strong sales growth in the latest quarter and executives said they would work to manage profits to keep prices as steady as possible.

 

Walmart as soon as Wednesday is expected to announce that it will reshape some of its teams in global technology operations, e-commerce fulfillment in U.S. stores, and Walmart Connect, its advertising business, according to a person familiar with the situation. The changes will lead to the elimination of around 1,500 jobs, as well as new roles being added that better align with Walmart’s goals for the future, the person said.

[Gregmal]

I dunno if many of yall have been to Walmart lately, but they have a lot of useless, lazy, even borderline liability type employees. No loss real loss from downsizing 

Edited May 21, 2025 by Gregmal

[dwy000]

21 minutes ago, Gregmal said:

I dunno if many of yall have been to Walmart lately, but they have a lot of useless, lazy, even borderline liability type employees. No loss real loss from downsizing 

Yeah, what do those morons know about retail!  

[Gregmal]

50 minutes ago, dwy000 said:

Yeah, what do those morons know about retail!  

Enough apparently to cut 1500 jobs.

[Spekulatius]

We can tell by Walmart gross margins and profit margins if they eat the tariffs or not. It’s quite simple.

[dwy000]

So since the 90 day deferral when 200 countries were calling to make deals, has a single trade deal actually been signed?  We are at day 50.  

[mattee2264]

There's been a trade deal with the UK. But they accepted the 10% baseline tariff which seems for now to be the floor. But UK are pretty desperate. Japan probably will also strike a deal sooner rather than later. 

 

EU strategy (which I think is smart) is to delay any deal until the 90 day deferral period expires at which point USA will be under a lot more pressure from the market to deliver deals. 

 

China I think are also desperate as even before tariffs their economy is struggling. 

 

 

[DooDiligence]

1 hour ago, mattee2264 said:

There's been a trade deal with the UK. But they accepted the 10% baseline tariff which seems for now to be the floor. But UK are pretty desperate. Japan probably will also strike a deal sooner rather than later. 

 

EU strategy (which I think is smart) is to delay any deal until the 90 day deferral period expires at which point USA will be under a lot more pressure from the market to deliver deals. 

 

China I think are also desperate as even before tariffs their economy is struggling. 

 

 

 

ELI5 how an instant 10% increase in prices is a good thing for us? As to China, I bet they've got significantly more capacity for suffering than a bunch of entitled whiny willfully ignorant bitches. Top all that off with a White House full of incompetent Batman villains and the outcome is nearly certain.

Edited May 28, 2025 by DooDiligence

[Hektor]

1 hour ago, mattee2264 said:

There's been a trade deal with the UK. But they accepted the 10% baseline tariff which seems for now to be the floor. But UK are pretty desperate. Japan probably will also strike a deal sooner rather than later. 

 

EU strategy (which I think is smart) is to delay any deal until the 90 day deferral period expires at which point USA will be under a lot more pressure from the market to deliver deals. 

 

China I think are also desperate as even before tariffs their economy is struggling. 

US is negotiating with India, says news reports. Some, if not a comprehensive, deal might be announced soon.

[cubsfan]

Yup, this whole tariff negotiation is going pretty darn well. Countries are coming to the table and adjusting. Even the terrorist state of Mexico has assisted in slamming the door shut on illegal immigration. It's amazing how fast they are falling in line.

 

It's a long process, and with the commitments to build new factories in the US, Trump use of tariffs is looking pretty brilliant. 

 

 

[dwy000]

27 minutes ago, cubsfan said:

Yup, this whole tariff negotiation is going pretty darn well. Countries are coming to the table and adjusting. Even the terrorist state of Mexico has assisted in slamming the door shut on illegal immigration. It's amazing how fast they are falling in line.

 

It's a long process, and with the commitments to build new factories in the US, Trump use of tariffs is looking pretty brilliant. 

 

 

Thats the Kool Aid response. There have been no deals.  None.  The UK has a preliminary discussion agreement but nothing signed. India had a lot of noise and has since gone quiet.  Nobody agreed to 10%, that's just what the US did unilaterally.

 

If all these desperate countries were banging down the door there would be dozens and dozens signed by now. Remember 90 deals in 90 days? Instead we have.....nothing. 

 

Trump at least taking his time before completely rolling over on this one.

[DooDiligence]

"China will never fire the first shot, but China will never allow you to fire the second shot"

 

Agent Orange is playing a dangerous game. Say what you want about China and Victor Gao, but the goal of the current US administration is quite clear and it ain't got nothin' to do with making America great.

 

 

[cubsfan]

1 hour ago, dwy000 said:

Thats the Kool Aid response. There have been no deals.  None.  The UK has a preliminary discussion agreement but nothing signed. India had a lot of noise and has since gone quiet.  Nobody agreed to 10%, that's just what the US did unilaterally.

 

If all these desperate countries were banging down the door there would be dozens and dozens signed by now. Remember 90 deals in 90 days? Instead we have.....nothing. 

 

Trump at least taking his time before completely rolling over on this one.

 

Oh, I'd say it's looking pretty solidly going in the right direction.  We can take it up in 6 months and see what you think then.  So far, the world has not fallen apart - and capitalism adjusts rapidly.

Each country will act within it's own self interest, as certainly as Trump continues to restructure the US economy.

 

Art of the Deal.

[dwy000]

7 minutes ago, cubsfan said:

 

Oh, I'd say it's looking pretty solidly going in the right direction.  We can take it up in 6 months and see what you think then.  So far, the world has not fallen apart - and capitalism adjusts rapidly.

Each country will act within it's own self interest, as certainly as Trump continues to restructure the US economy.

 

Art of the Deal.

"So far the world has not fallen apart" is not the slogan you want when describing your government.

 

Other than chaos absolutely nothing has been achieved on tariffs.  Except to raise taxes. 

[cubsfan]

4 minutes ago, dwy000 said:

"So far the world has not fallen apart" is not the slogan you want when describing your government.

 

Other than chaos absolutely nothing has been achieved on tariffs.  Except to raise taxes. 

 

Unfortunately for you, the popularity of the current government continues to rise.

 

The effort to cause the reshoring of many American jobs will likely continue, as businesses find that the best way to avoid tariffs is to manufacture in America.

[changegonnacome]

5 hours ago, mattee2264 said:

There's been a trade deal with the UK

 

Apologies there is no trade deal with the UK.

 

What you saw in the oval office being signed and touted as a trade deal is at best an agreement in principle, a memorandum of understanding or political commitment document.

 

Trade deals are all encompassing and legally binding. If you saw one printed out it would look like the most giant book you ever saw. They take years to negotiate to get to a document that both sides can sign and call a trade deal. The UK & USA have been negotiating a trade deal since May 2020 and no trade deal has been signed.

 

The most important thing with any administration but especially the Trump one is not to confuse political theatre & PR events for something that they aren't. Many times they represent genuine progress on an issue but they often misrepresent progress as completion. The political 'trick' being perpetuated relies on the reality that politicians know well - attentions spans are short, folks read headlines not details and seldom if ever do voters circle back to prior announcements to see if what was touted actually occured.

 

 

Edited May 28, 2025 by changegonnacome

[dwy000]

19 minutes ago, changegonnacome said:

 

Apologies there is no trade deal with the UK.

 

What you saw in the oval office being signed and touted as a trade deal is at best an agreement in principle, a memorandum of understanding or political commitment document.

 

Trade deals are all encompassing and legally binding. If you saw one printed out it would look like the most giant book you ever saw. They take years to negotiate to get to a document that both sides can sign and call a trade deal. The UK & USA have been negotiating a trade deal since May 2020 and no trade deal has been signed.

 

The most important thing with any administration but especially the Trump one is not to confuse political theatre & PR events for something that they aren't. Many times they represent genuine progress on an issue but they often misrepresent progress as completion. The political 'trick' being perpetuated relies on the reality that politicians know well - attentions spans are short, folks read headlines not details and seldom if ever do voters circle back to prior announcements to see if what was touted actually occured.

 

 

Not to mention that the power to execute trade deals lies with Congress not the President. 

[changegonnacome]

18 minutes ago, dwy000 said:

Not to mention that the power to execute trade deals lies with Congress not the President. 

100%…..so much political theatre occurring right now.

 

“Promises made, PR event delivered “

 

 

[cubsfan]

21 minutes ago, dwy000 said:

Not to mention that the power to execute trade deals lies with Congress not the President. 

 

 

A big thanks to Congress for granting POTUS much broader authority in the tariff issue.

 

 

The Trade Act of 1974 granted the president new authority to negotiate trade agreements and adjust tariffs, while also creating mechanisms to protect U.S. industries and workers. For example, Section 201 provides a mechanism for the U.S. to protect domestic industries from serious injury caused by import surges, and Section 301 grants authority to the U.S. Trade Representative (a cabinet-level position that leads an executive branch agency that is responsible for developing U.S. foreign trade policy) to take action against foreign countries that violate trade agreements or engage in practices that are deemed unfair and negatively affect U.S. commerce. 

 

Alongside trade acts, Congress grants authority to the executive branch to address “unusual and extraordinary” peacetime threats to national security, foreign policy, or the economy under the International Emergency Economic Powers Act (IEEPA) of 1977. 

[dwy000]

25 minutes ago, cubsfan said:

 

 

A big thanks to Congress for granting POTUS much broader authority in the tariff issue.

 

 

The Trade Act of 1974 granted the president new authority to negotiate trade agreements and adjust tariffs, while also creating mechanisms to protect U.S. industries and workers. For example, Section 201 provides a mechanism for the U.S. to protect domestic industries from serious injury caused by import surges, and Section 301 grants authority to the U.S. Trade Representative (a cabinet-level position that leads an executive branch agency that is responsible for developing U.S. foreign trade policy) to take action against foreign countries that violate trade agreements or engage in practices that are deemed unfair and negatively affect U.S. commerce. 

 

Alongside trade acts, Congress grants authority to the executive branch to address “unusual and extraordinary” peacetime threats to national security, foreign policy, or the economy under the International Emergency Economic Powers Act (IEEPA) of 1977. 

There is no extraordinary peacetime threat.  What's the threat from UK?  What's the threat from India? Vietnam? Go ask Laura or Sean their view. 

[cwericb]

On 5/21/2025 at 11:23 AM, cubsfan said:

 

Not that different than Canadian leaders saying in 2015 they will make their NATO commitments.

Now they push the date to 2032 to make sure they are the world's deadbeat.

 

So much for commitment to NATO alliance. 

 

What you don't seem to realize is that unlike some countries, Canada has very few, if any enemies around the world looking to invade and take over the Country. 

 

Oh, wait!

 

There is one country that has threatened to take over Canada.

And coincidentally, that is the very same country that is pressuring Canada to purchase more weapons from .... The United States of America.