Trade War 2025 - You get tariffs and you get tariffs, tariffs for everyone!

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I know people who were working in manufacturing who were worried about the cost of inputs bankrupting their companies just with the original China tariffs. I also have the impression that economists today are pretty much in agreement that it wasn't the stock market crash of 1929 that caused the Great Depression, but the trade war that the US started with the Smoot-Hawley Tarriff Act. I believe this for reasons other than "the experts said so," which is rarely a good reason, but I guess if these tariffs stay in place, we will get the chance to be an economic case study. Anyways, I don't expect to convince the people on this thread who think they'll work as intended and it wouldn't do any good if I persuaded every one of you, and so that's not why I'm here.

Rather, I am here to cast a pox on both their houses about one extremely retarded bit of discourse I've been seeing from both sides, because this is one of the few places on the internet with people who might both listen and understand it. Fortunately, I see someone's already brought it up, sort of, but I still want to sperg a bit more.
Cool Dog Returns said:
Trump is now the US Peron, the retard who turned Argentina from being richer than Australia to the fucking joke country it is now

To all the amerilards who cant even name the 50 fucking states let alone other countries heres a quick rundown of whats gonna happen with your industry, jobs and lifestyle. Remember this shit is what always happens everywhere not just where I am, this is what happens when you use tariffs, protectionism and import substitution:
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I came on this forum looking for this thread, looking to see if anyone would make almost exactly this point. Because the Millei comparisons from both Trump supporters and opponents have been giving me a massive "well ackshually itch" that the people making these comparisons are incapable of understanding. The stans see that both Trump and Millei are engaging in radical reforms with the stated goal of addressing nearly a century of policies which have resulted in chronic economic pain for many of their countrymen, the pearl-clutchers just see the shock therapy and "anti-establishment man bad." The stans are slightly less superficial than the haters, but both analogies are infuriatingly smooth-brained takes.

I have no clue of Millei's program will work or not. If I lived in Argentina I'd be in favor of it, but if I lived in Argentina I would have made my best attempt to emigrate long before he came to power. Millei, at least, has a plan which is consistent with at least some economic theories, and he's trying to address an economy that is deeply dysfunctional for almost everyone to a degree the US economy isn't... yet. Two of the central features of Peronism are high international trade barriers, and currency controls. Trump is looking a lot more like Juan Peron than Javier Millei, and part of me is worried that his legacy will be as enduring. I do think it's unlikely in the United States, but everything is unprecedented until it isn't.

Also, while I'm here, another rant. I've never been pro-Trump, I've also never liked the hysterically anti-Trump people in the establishment very much either. I believe they're still determined to take us to ruin by the scenic route, but if I have to choose how to drive off a cliff I'd still rather take longer to get there. Yet I've watched a lot of them justify so many shitty policies that enriched their friends and immiserated the majority, often on the grounds that doing otherwise would lead to economic chaos. I watched as they refused to roll back the Imperial Presidency after Biden's term and in fact praised Biden for doing many of the exact same things I opposed Trump doing. I listened as they insisted that if their numbers on the economy didn't match the proles perceptions, it was clearly the proles who were too stupid to understand how great things were actually.

We got Trump as a backlash to their shenanigans twice, and now we've Trump tanking the economy for stated reasons that are likely to have the opposite result if they endure and kill a big chunk of remaining US manufacturing, to say nothing of all the non-manufacturing jobs. But I bet you dollars to Zimbabwe dollars that even if Trump creates a second Great Depression, these clowns will learn fucking nothing from it all. And why would they? These are the people who are going to be most shielded from any long-term damage Trump causes here after Trump and his inner circle themselves.
 
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Some recent remarks from United States President Donald Trump:
"The shrill voices that you're hearing this week about tariffs are the same scoundrels and frauds who never thought twice about when the United States lost 90,000 factories and plants... since NAFTA."



“I’m proud to be the President for the workers, not the outsourcers; the President who stands up for Main Street, not Wall Street; who protects the middle class, not the political class; and who defends America, not trade cheaters all over the globe.”

 
Breadbassket said:
I’m proud to be the President for the workers, not the outsourcers; the President who stands up for Main Street, not Wall Street; who protects the middle class, not the political class; and who defends America, not trade cheaters all over the globe.”
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isnt trump planning on lowing the corporate tax rate to 15%

costing the us like 4 trillion dollars?
 
Breadbassket said:
“I’m proud to be the President for the workers, not the outsourcers; the President who stands up for Main Street, not Wall Street; who protects the middle class, not the political class; and who defends America, not trade cheaters all over the globe.”
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15 years ago this was a radical left wing talking point for broke college kids. Think it was called Occupy Wall Street. Trump has declared Total Banker Death and you're worried? People, we are going to be alright.
 
WelperHelper99 said:
15 years ago this was a radical left wing talking point for broke college kids. Think it was called Occupy Wall Street. Trump has declared Total Banker Death and you're worried? People, we are going to be alright.
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Its older then that.


This is the guy who lost to the man who killed JFK btw, and ushered in the "Great Society" liberal welfare programs we are now saddled with today.

The good Lord raised this mighty Republic to be a home for the brave and to flourish as the land of the free--not to stagnate in the swampland of collectivism, not to cringe before the bully of communism.

Now, my fellow Americans, the tide has been running against freedom. Our people have followed false prophets. We must, and we shall, return to proven ways-- not because they are old, but because they are true. We must, and we shall, set the tides running again in the cause of freedom. And this party, with its every action, every word, every breath, and every heartbeat, has but a single resolve, and that is freedom--freedom made orderly for this nation by our constitutional government; freedom under a government limited by the laws of nature and of nature's God; freedom--balanced so that order lacking liberty will not become the slavery of the prison cell; balanced so that liberty lacking order will not become the license of the mob and of the jungle.
 
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mindlessobserver said:
Its older then that.


This is the guy who lost to the man who killed JFK btw, and ushered in the "Great Society" liberal welfare programs we are now saddled with today.
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Lyndon B. Johnson truly was a fucking blight. We were truly based once. Putting the worker before the imaginary stonks. It has taken over half a century to course correct. Yet here we are. In a way this is vengeance. Trump isn't perfect. But he is fucking trying something that others were killed and silenced for even thinking about. I hope it works.
 
WelperHelper99 said:
In a way this is vengeance
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Its absolutely vengeance. Its revenge for the commie bullet in McKinley's skull, the CIA's bullet in Kennedy's skull, and the Bullet that nearly went through Trump's skull. The pundit class, the political class, the stonk bro's and foreign observers are stupefied as the unthinkable happens. Samson breaks the chains, Hercules rises from the depths of the Underworld, the sleeping giant awakes with a great and terrible anger.

The 20th century. Is over.
 
mindlessobserver said:
Its absolutely vengeance. Its revenge for the commie bullet in McKinley's skull, the CIA's bullet in Kennedy's skull, and the Bullet that nearly went through Trump's skull. The pundit class, the political class, the stonk bro's and foreign observers are stupefied as the unthinkable happens. Samson breaks the chains, Hercules rises from the depths of the Underworld, the sleeping giant awakes with a great and terrible anger.

The 20th century. Is over.
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Frankly there is little frame of reference I can compare this to that isn't fictional or centuries old. But I will try. The Prateorean guard fucked up when they tried killing the Emperor. He lived. They had done it many times with great success.

But for one reason or another, this particular Emperor just was pure Teflon. And in their arrogance, the Emperor was reborn. This is vengeance indeed. Not seen since Lincoln frankly in terms of sheer executive powers being used on such a scale.

It's why I have faith Trump can do this. He has a vision, unlike many uninspired men that have come before him. Execution needs to be done with a steady hand. But if he does, the 21st century will be free of the 20th. Finally, at long last. This is the greatest gift a boomer Luke Trump can give.
 
Platonic Cat Lover said:
Why is Trump so obsessed with tariffs this term? This was never a focal point in his first term. Did he talk about it during his election run? What am I missing here? I'm not a trump expert but this tariff stuff seems random. I get he wants america first. Nothing wrong with that but how is tariffs going to make this happen? Especially since we have a free trade agreement (Canada, US, Mexico). Is he not violating what has been already agreed upon?
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Trump has always loved tariffs and believed them to be the key to economic prosperity and government solvency, dating back to the 70s.

Last term he tried to put tariffs on China, which the Chinese easily circumvented (although their retaliatory tariffs meant the US taxpayer subsidized Midwestern soy growers harder than usual). Despite this, Joe Biden kept nearly all of Trump's first-term tariffs. We then watched as the establishment lionized Joe Biden for his brave stance tariffing Chinese solar panels and EVs and calling it a "Green New Deal" and for his boondoggle attempt to bring semiconductor manufacturing back to the US with almost the exact same policies that failed to do that under the Clintons. As far as I know, there's absolutely no evidence Biden's policies have improved US solar, EV, or next-gen semiconductor manufacturing, but the establishment still points to these bills has important accomplishments, not because they worked—that would at best be a bonus—but because he passed Big Important Bills and therefore Did Something.

I'm not saying this IS Trump's reasoning, but it's easy to see the logic that would lead to Trump concluding Biden's protectionist policies worked to achieve their stated goals, more tariffs will succeed morerer, and his big mistake in his first term was in not tariffing harder.

ToEnsureVerification said:
In the morning news were saying today was a RALLY day for the markets (hell yeah!)

Well, in the end, no. At market close:

S&P 500 -1.57%
NASDAQ -1.95%
DOW -0.84%

I'd start looking for Mandarin online learning courses.
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I'm not bullish on the Chinese economy no matter what happens,

I'm thinking I should maybe learn Hindi.

Cornstarch Colonizer said:
Nobody thought he was crazy enough to ratchet it up this fast.
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In fairness, he was much more restrained in his first term. What gets me is how many people in the establishment are 100% confident that, despite Trump's rhetoric about how things will have to get worse before they get better and it may take years, he'll soon realize how stupid this all is and do a 180. Not because of an analysis of Trump, but because it's so objectively stupid and they all *know* that people in positions of responsibility never knowingly do stupid things, much less stick to them when they've been shown to be fucking stupid. It's grotesquely fascinating: everybody I know who is pro-establishment believes he has to reverse course, everyone who is even a little skeptical of the establishment—regardless of political views—thinks he probably won't.
 
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So basically the only ones that are gonna get fucked up the ass with tariffs are the cucknadians, mexichangos and assorted central american niggers, everybody else just keeps trading with the chinks
Rajah Brooke's Ghost said:
but if I lived in Argentina I would have made my best attempt to emigrate long before he came to power.
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I could, got my papers, refused so far because I'm not quitting and leaving my country to a bunch of fucking commie faggots, but if Milei fails then thats it, not gonna stick around for another 25-80 years of commie peronchos, if that happens then its over anyway
Rajah Brooke's Ghost said:
And why would they? These are the people who are going to be most shielded from any long-term damage Trump causes here after Trump and his inner circle themselves.
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Nah you guys are leveraged to the neck, is not like here where if the market crashes nothing happens, mutts have their entire savings in the market, their companies have all their money in the market, their retirement funds have bet everything on the shittiest stocks, and most mutts have a negative network from all the debts to live beyond their means so even the smallest bump in the road fucks them in the ass
Frederica Bernkastel said:
Trump said he is open to raising taxes on the highest earners.
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See to believe, like the wall
 
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Cool Dog Returns said:
Nah you guys are leveraged to the neck, is not like here where if the market crashes nothing happens, mutts have their entire savings in the market
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Boomers do. Millenials, Zoomers and Alphas sure as fuck don't. the only straddle is the X generation, and they are probably the most "LETS BURN THIS SHIT DOWN" of the bunch since they were the ones born most close to the boomers and were smart enough to put most of their savings into Property rather then Stonks. Which incidentally is where all my money is atm. Land and Precious metals. So I find the entire situation rather funny in a joker sort of way.

 
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