Tariffs

I believe tariffs can be a useful tool when used correctly. I also agree that we need a more balanced trade environment. If the current approach brings that in very short order then great! However, I'm concerned the current approach may be severely damaging if it doesn't end or at least get moderated very soon. I would prefer to see an approach where reciprocal tariffs are based on a product by product approach or tied specifically to what other countries are charging us. This current methodology using a basic GDP and trade delta calculation is a lazy approach that is is causing disruption more than necessary.
 
Dockmaster said:
I believe tariffs can be a useful tool when used correctly. I also agree that we need a more balanced trade environment. If the current approach brings that in very short order then great! However, I'm concerned the current approach may be severely damaging if it doesn't end or at least get moderated very soon. I would prefer to see an approach where reciprocal tariffs are based on a product by product approach or tied specifically to what other countries are charging us. This current methodology using a basic GDP and trade delta calculation is a lazy approach that is is causing disruption more than necessary.
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Exactly. No rhyme or reason for it. Just a flawed random formula that is not "reciprocal" at all . . .
 
South Bay said:
Exactly. No rhyme or reason for it. Just a flawed random formula that is not "reciprocal" at all . . .
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Should just be: any/all tariffs imposed on us are reflected back on all goods coming in. Have a 75% tariff on maple syrup? All goods coming from your country have a 75% tariff unless there's a really good reason for it.
 
I put all my 401K into Bonds before all the shenanigans started to happen, only lost about 3k instead of 100k,
 
Toy Collector said:
You don't "lose" anything until you sell. Not sure why you all keep using this terminology and are stuck in that mindset.
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This! And, who couldn't see this coming? There was plenty of time to get out of equities if you so chose to do so. Even before the tariffs the market was grossly overvalued and headed for some amount of correction. Treasuries are still decent. There are also some really good stock values right now, especially if you focus on dividends.
 
Toy Collector said:
You don't "lose" anything until you sell. Not sure why you all keep using this terminology and are stuck in that mindset.
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You are right, you don't lose until you take it out........

But if you put all of your money in a money market account and only transfer it to the market once a year or so. You defiantly got a big gain when you removed it from the Cash collum into the investment collum this morning.
 
MWB said:
You are right, you don't lose until you take it out........

But if you put all of your money in a money market account and only transfer it to the market once a year or so. You defiantly got a big gain when you removed it from the Cash collum into the investment collum this morning.
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Did it two Weeks ago, no fees for moving accounts around,
Last time i lost $100,000 in 2008,

Loss is loss, not looking for a Rebound, will move it back it to the same ETF after the markets stabilize, I left 1% in the 4 ETF i had, and if i would have kept it all in, then it would have been a $60,000 down fall, moving them into a US treasury account only took a $3,000 hit.
 
I'm not so sure that the approach taken is as haphazard as some might think. I think there is a lot more at play here than just simply a tariff war. There are many other barriers to trade than just tariffs for example, Australia totally bans beef imports from the US while exporting billions of pounds into the US. No tariff on their part.

You could take a scalpel to try and remedy the inequities which would take years if ever to complete, or you can burn the motherfucker down (or give that perception) and resolve the issues in short order so the US can really benefit in a much shorter period of time. Pick your medicine!

As far as the markets, they have been reacting like a teenager girl going through puberty, acting on emotion rather than fundamentals. A case in point, about a year or so ago the tech sector took a dip and market analyst and financial news were all saying the tech industry, primarily chip makers, was contracting pointing to a possible recession on the horizon. The real story, the large institutional investment firms were just rebalancing their portfolios to abide by their investment guidelines in respect to limitations on how much any one stock can be as a percentage of their overall holdings. So they HAD to sell these shares to be compliant with their own investment rules (think NVIDIA and TSM). After the truth of the sell off came out, they quit prognosticating about that subject and moved on to their next panic subject and those shares bounced back quite nicely! I have done the same myself, I bought NVIDIA, Tesla, and TSM 5yrs ago and have rebalanced my portfolio 3 times in the last couple yrs, and fuck ya, I'm bragging!:ROFLMAO:
 
THD said:
I'm not so sure that the approach taken is as haphazard as some might think. I think there is a lot more at play here than just simply a tariff war. There are many other barriers to trade than just tariffs for example, Australia totally bans beef imports from the US while exporting billions of pounds into the US. No tariff on their part.
:ROFLMAO:
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It's actually perfectly legal to import American beef to AU, they just haven't done so since 2003 (Mad Cow) due to biosecurity concerns . . .
 
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
 
South Bay said:
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
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Gas pricing makes no sense with the cost of oil these days. I am sure Gov Newson will make up some BS excuse.
 
South Bay said:
It's actually perfectly legal to import American beef to AU, they just haven't done so since 2003 (Mad Cow) due to biosecurity concerns . . .
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I stand corrected, and as a matter of fact beef has been approved for import from the US since 2019.
Bad example on my part, but there are other barriers that hurt or make it difficult to sell imported US goods.
 
South Bay said:
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
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Exactly, Last week you were paying $7 for a Widget made in China, next to that Widget was one made in the USA for $7.99. Now after Trump tariff's the Made in China one costs $14 don't be surprised when the Made in the USA one costs $14.99 soon.
 
South Bay said:
Short term, besides the obvs stuff with the stock markets, methinks you will see price gouging using of tariffs similar to what happened with inflation post pandemic. I paid over $5 per gallon today for gas for the first time in a long time and saw a post from elsewhere in LA this morning that had it over $7, which is fucked up considering oil futures have been in the mid $60s - low 70s for months.
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Gas prices in CA have very little to do with crude oil prices. Now, they will raise them when crude raises, but they will not lower them. Refinery shut downs, blends, additives, those all drive up our prices. You can thank Liberal Progressive Democrats for gas prices in CA....they own it.
 
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