Tariffs

So, Mexico isn't being hit as hard with tariffs and they aren't fighting back with reciprocal tariffs. Why? Because Mexico fell in line to help secure the border and is FINALLY fighting back against the cartel. So...you act as a good global partner, you get rewards.

Trump's big push against Canada was help secure your border...they said "No"....so, tariffs it is. Snowmexicans are gonna learn.

The Canadian border is not a problem. It was his excuse so he looks like he is holding up to what he promised. Canada has lots of oil and raw materials we use. The American auto industry is intertwined with Canada and Mexico. Trump should of made a better deal the first go around.

The tariffs against China and the countries that exploit cheap labor is where the focus should be.

What about finding the manpower for these new American jobs and the manufacturing? This does not happen in a few months and will take years.
 
The Canadian border is not a problem. It was his excuse so he looks like he is holding up to what he promised. Canada has lots of oil and raw materials we use. The American auto industry is intertwined with Canada and Mexico. Trump should of made a better deal the first go around.

The tariffs against China and the countries that exploit cheap labor is where the focus should be.

What about finding the manpower for these new American jobs and the manufacturing? This does not happen in a few months and will take years.
We disagree. Illegals were going North and coming in. Drugs were coming in. The US needs better and equal global partners.
 
Here's an interesting take that I think most overlook.
Because manufacturing overseas got cheap, it opened up OPPORTUNITY for stateside men and women to create their own business that employ people. A good example is my business. I make/sell cocktail mixers, wearable goods, and vacation goods. I was able to build this business because I could get products manufactured at a lower barrier to entry, and subsequently grow the business and HIRE people. If I had to solely source from the US, I would have never started the business and never hired people. There are hundreds of thousands if not millions of business like mine that employee MILLIONS of people across the US that would not exist if they couldn't source from overseas.

Now I've been trying really hard to get goods produced in the US, but for our margins and pricepoints it's simply not possible. My ingredients come from Mexico, fabrics from China, Portugal, and Vietnam. But we do our best to assemble/print/finish/package everything here in California.

With these new import taxes it could effectively end businesses like mine. Will it bring manufacturing back to the US? Maybe in the long run, but at the cost of killing hundreds of thousands of business that employee american citizens in the meantime. What we lost in manufacturing in the US, we supplemented with marketing, design, tech, order fulfillment, customer service, etc etc. Will it offset longterm? Maybe. But I hope it wont kill us in the meantime.

Best case scenario is other countries lower their tariffs because of this show of hand, we drop our increases, our exports go up building our GDP, and both sides of the argument are happy.
 
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Grew up in the lumber business, and survived Canuckistan timber disputes numerous times. We pulled lots of lumber and drywall out of Quebec. This too shall pass.
 
Will it be possible to pay` the tariffs and still make a profit for some of the companies verses investing in new infrastructure here, where land and especially labor is incredibly high? I would have to think that it is a high threshold to step to for a business that has most of its production and labor outside of North America. If china lowers labor wages, they could still provide the manufacturing at costs low enough to make paying the tariffs worthwhile...
 
The news this morning is reporting that already a dozen countries have reached out wanting to remove tariffs or make a deal. This is already working. Yet...the media wants you to believe Trump is destroying America. "He's making Billionaires richer!" What do billionaires do? They build more businesses and create more jobs...resulting in more people working, promotions, and yeah...more taxes overall. Fucking mind numbing that economists always forget to explain that.

90% or more of "news" these days is liberal MSM spin and liberal false outrage. About the only thing that you can believe is when a bomb drops. Can't really fake that or cover it up unless you're this guy...:ROFLMAO:GKK0ysVXgAA7hgZ.jpg
 
Well, I lost 11k overnight in my 401k. Can't fake that.
LOL...dropped $42k from yesterday to today.

But I'm $100k up from a year ago, $300k up from two years ago, etc.

Seen drops just like this Aug 2022, Feb 2023, Aug 2023, Jul 2024, etc.

Ride it out.
 
The news this morning is reporting that already a dozen countries have reached out wanting to remove tariffs or make a deal. This is already working. Yet...the media wants you to believe Trump is destroying America. "He's making Billionaires richer!" What do billionaires do? They build more businesses and create more jobs...resulting in more people working, promotions, and yeah...more taxes overall. Fucking mind numbing that economists always forget to explain that.

90% or more of "news" these days is liberal MSM spin and liberal false outrage. About the only thing that you can believe is when a bomb drops. Can't really fake that or cover it up unless you're this guy...:ROFLMAO:View attachment 141508
No, billionaires just buy another private jet or yacht
 
LOL...dropped $42k from yesterday to today.

But I'm $100k up from a year ago, $300k up from two years ago, etc.

Seen drops just like this Aug 2022, Feb 2023, Aug 2023, Jul 2024, etc.

Ride it out.
Ride it out is the best advice. So many people panic sale. I'm retired now so time is shorter. lol
 
My investment philosophy.....................Buy Dirt. Never played the Stock Market. Too Long Term. Dirt is guaranteed. Peace
 
Ride it out is the best advice. So many people panic sale. I'm retired now so time is shorter. lol
OUCH...different when your already retired. LOL.

Diversify when it comes back up, it will....if you haven't already, I'm sure you have.
 
Well, I lost 11k overnight in my 401k. Can't fake that.
I understand that but as you know, "investments" is a longterm game.

While my retirement is different, I still pay attention to the markets. I fully believe this is short term. Also, the MSM does not help in lying and falsely reporting projections to make this administration look bad, breaking confidence in the market and planting the bug for investors to move their money, further shifting the markets. Which is crazy because these people are invested in the markets as well. BUT...they did the opposite for biden in falsely reporting the economy was great when the number just didn't add up.
 
Tariffs have always been a democrat rallying cry, now that Trump is imposing them, they are against it. Bernie Sanders and Obama have always been behind Tariffs, while Reagan was against them.

As for the markets, I have been sitting on a lot of cash (has been sitting in a money market making 5%) over the last year waiting to jump into the market, the time is now to jump in, April 2nd had been my target date. I look at this I just got a 10% discount.
 
On the 401Ks... you don't lose money until you take it out. You should also have some mechanism to manage your own investments.

I was sitting mostly in the G fund and just hopped back in while everything is on sale.

Win some, lose some. Either way, I'd consider either managing your own funds or accepting the fact that markets go up and go down.
 
We disagree. Illegals were going North and coming in. Drugs were coming in. The US needs better and equal global partners.

The crossing at the Canadian border are a very very small fraction of what occurs at the Southern boarder and same with drugs crossing over the Canadian boarder.

He is using this as an excuse to undo a trade deal he made.
 
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