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Donald Trump’s tariffs and forever wars are destroying our economy!! P.S. Any. Day. Now.

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Jun 26, 2025 at 10:06 AM.

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  1. Jun 27, 2025 at 8:52 AM #41
    rivergator

    rivergator Too Hot Mod Moderator VIP Member

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    Anything that starts with “everyone on the other side said …” is an unserious attempt at bashing, not discussion
     
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  2. Jun 27, 2025 at 9:08 AM #42
    mdgator05

    mdgator05 Premium Member

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    Meanwhile....

    Layoffs From Trump Tariffs Ripple Across the Auto-Parts Industry

    Tariff-related layoffs hit five US auto plants that supply factories in Canada and Mexico

    https://tennesseelookout.com/briefs...lay-off-400-workers-in-middle-west-tennessee/

    And that is just one industry...
     
  3. Jun 27, 2025 at 9:20 AM #43
    mdgator05

    mdgator05 Premium Member

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  4. Jun 27, 2025 at 9:23 AM #44
    VAg8r1

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  5. Jun 27, 2025 at 9:30 AM #45
    VAg8r1

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    And expect the cost average cost of GE washers and dryers to increase by around $200. By the way we bought a GE washer made in Louisville over a year ago. We also paid through the nose. It was among the more expensive GE washers and didn't have a lot of bells and whistles. It was however commercial grade and did have a much longer warranty than most other GE washers.
     
  6. Jun 27, 2025 at 9:37 AM #46
    ajoseph

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    All part of the plan …
     
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  7. Jun 27, 2025 at 9:39 AM #47
    ajoseph

    ajoseph Premium Member

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  8. Jun 27, 2025 at 10:22 AM #48
    vaxcardinal

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  9. Jun 27, 2025 at 11:34 AM #49
    PITBOSS

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    We’ll see. Dear Leader has only been in office 5 months. imo still too early to see full impacts of his tariffs and wrecking much of the gov. Not to mention the BBB which will add to our deficit.
     
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  10. Jun 27, 2025 at 11:57 AM #50
    ncargat1

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    Uh oh....the OP's victory lap may have come just a little bit too soon....

    Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
     
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  11. Jun 27, 2025 at 12:52 PM #51
    ajoseph

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    My daughter, who just started there in Cincinnati, is a little freaked out, as is—so she says—everyone she knows who works there. Apparently they are announcing more details in September
     
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  12. Jun 27, 2025 at 1:09 PM #52
    gator95

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    I'll take wild speculation for $1,000 please Alex...
     
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  13. Jun 27, 2025 at 1:38 PM #53
    ncargat1

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    Proctor and Gamble just let go 250 people here in N Carolina, so at least 250 are in the United States.
     
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  14. Jun 27, 2025 at 4:46 PM #54
    Gatorrick22

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    Yep... Trump sure is killing it.
     
  15. Jun 27, 2025 at 5:12 PM #55
    VAg8r1

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    Not "wild" speculation. A reasonable projection based on history. Let's not forget the impact of Trump's tariffs on washers and dryers in his first administration.
    The Impact of U.S. Trade Policy on South Korea - Korea Economic Institute of America
    For example, U.S. tariffs on washing machine imports in 2018 resulted in a 12 percent increase in the price of washing machines in the United States, with only a minimal impact on employment.

    https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20190611
    We estimate the price effect of US import restrictions on washers. The
    2012 and 2016 antidumping duties against South Korea and China
    were accompanied by downward or minor price movements along
    with production relocation to other export platform countries. With
    the 2018 tariffs, on nearly all source countries, the price of washers
    increased nearly 12 percent. Interestingly, the price of dryers—not
    subject to tariffs—increased by an equivalent amount. Factoring in
    dryer prices and price increases by domestic brands, the 2018 tariffs
    on washers imply a tariff elasticity of consumer prices of above one.
     
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  16. Jun 28, 2025 at 4:15 AM #56
    okeechobee

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  17. Jun 28, 2025 at 11:57 AM #57
    gator95

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    Thank you for confirming you are just throwing crap against the wall and hoping it will stick. Appreciate it
     
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  18. Jun 28, 2025 at 12:38 PM #58
    okeechobee

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    PAY NO ATTENTION TO THAT MAN BEHIND THE CURTAIN!!! (CNN, I’m looking at you, boy!)

    New York CNN — The US stock market on Friday hit an all-time high, its first since mid-February. It marked the culmination of a remarkable recovery on Wall Street since the S&P 500 was flirting with bear market territory in early April.

    The S&P 500 gained 0.5%, to close at a record 6,173.07. It marked the first new record high since February 19.

    Markets almost didn’t hit that record on Friday — they turned south in the late afternoon after President Donald Trump said the United States is ending trade talks with Canada because of a new digital services tax America’s northern neighbor imposed on companies. Trump said a new tariff on Canada would be announced within a week.

    Stock market record: S&P 500, Nasdaq hit record highs | CNN Business
     
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  19. Jun 28, 2025 at 12:55 PM #59
    okeechobee

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    So, we are up roughly 3% since market close the Friday before Inauguration Day. Nothing to brag about, but let us be real. It’s on the ascent as we speak and… if Trump is successful in the cuckening of Jerome Powell, that means interest rates are going to be cut, which will be like pouring an accelerant onto an already roasting fire, as it relates to the markets.
     
  20. Jun 28, 2025 at 5:39 PM #60
    chemgator

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    Trump's Big Beautiful Bill will only cost Georgia 42,000 jobs. Not too shabby. Apparently, Georgia is a leading producer of solar panels, EV's, and batteries, but nothing useful like coal or coal furnaces, or coal nutritional supplements popular with the MAGA crowd. West Virginia is looking good, however.

    New report shows which state would lose 42,000 jobs if budget bill passes: 'Derail a generational economic transformation'

     
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