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Tariffs

Sarge said:
Fair enough, but the point is valid. People will do anything if the money is right. Including factory work.
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Hopefully those making deals understand that productivity in $$ terms means that some jobs/tasks are better done elsewhere or cost of most things have to up, so the average family can only buy less, slowing the whole economy.
 
Sarge said:
They'd probably show up if you paid them, say, $50 an hour.
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Of course, and then the cost of everything skyrockets. I mean, maybe you’re arguing that it should. But it won’t be a very popular and politically sustainable outcome.
 
oneforthebus said:
Of course, and then the cost of everything skyrockets. I mean, maybe you’re arguing that it should. But it won’t be a very popular and politically sustainable outcome.
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It was an inside joke. Jitter crawfished a $50 bet with someone over the election a few years back. We like to remind him on occasion.
 
Confluence said:
Hopefully those making deals understand that productivity in $$ terms means that some jobs/tasks are better done elsewhere or cost of most things have to up, so the average family can only buy less, slowing the whole economy.
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I can see it already. That dollar store is the thing of the past. It’s now the $20 dollar store. 🙂
 
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oneforthebus said:
It was a great life, but it’s unfortunately probably not coming back due to the country’s addiction to cheap consumer goods. Just one example: https://www.kqed.org/lowdown/7939/madeinamerica
And I mean even if we all agreed we want a massive sea change back to the way things were, it would take decades and be an extremely painful transition from an economic sense.
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That article explains a small percentage of what we r dealing with.
In the 70s when Nike was made in America the average Nike was between $10 and $15

1981 Nike moved to china.
The average nike shoe price in the 80s cost between $40 and 60 dollars.

Why was the average price not $5 in the 80s since the cost to make them was slave cheap labor?
Who profited for our families jobs.
The same people that always do. The millionaires.
But who cares about American families when we can use Chinese labor and still sale the products for the same price as with American labor.

Our American companies should bring back our American jobs or face penalties, especially if they are using slave labor to make their products.

Policies to get us here took decades.
We need to start now to reverse this or it is just going to get worse
 
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oneforthebus said:
Of course, and then the cost of everything skyrockets. I mean, maybe you’re arguing that it should. But it won’t be a very popular and politically sustainable outcome.
Click to expand...
Some of the stuff manufactured overseas (CHINA) is a national security issue, especially medication. That never should have happened. Yes it will cost more, but it's better than China deciding they just aren't going to make it anymore and not having it at all.
 

Dear Donald: A history lesson on why American carmakers came to Canada​



In 1927, Edsel Ford and his 64 year old father, Henry Ford and Charles Sorensen (backseat) drove the Fifteen Millionth Model T out of the Highland Park Plant in Michigan.
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Dimitry Anastakis is the Wilson-Currie Chair in Canadian Business History at the University of the Toronto, and the author of Auto Pact: Creating a Borderless North American Auto Industry, 1960-1971(University of Toronto Press, 2005).

As usual, when it comes to tariffs, U.S. President Donald Trump displays as profound an ignorance of economic policy as he does of history. He keeps saying that Canadians “stole” the American auto industry, “they stole it because our people were asleep at the wheel.”

Nope, not even remotely close to the truth.

In fact, what really happened is that, starting in 1965, the American auto industry – with the support of the American government – decided that having a continentally integrated North American auto sector, one that made the industry more efficient and took advantage of the close political and economic ties between the two countries, was in the United States' best interest.

Far from being stolen by Canadians, American leadership willingly (and profitably) helped to create an integrated sector.

In 1964 and 1965, the U.S. and Canadian governments, along with the industry itself, negotiated and passed the Canada-U.S. Auto Pact. As the first duty-free North American trade treaty, the pact removed tariffs for the Big Three automakers operating on both sides of the border, as long as their American-owned Canadian assembly plants continued to build as many vehicles as they sold in Canada, maintained basic Canadian investment, and ensured that 50 per cent of the cars or parts they exported to their U.S. parents were “North American” content, that is made in Canada or the U.S.

The auto pact revolutionized the industry, made it more efficient and productive, and fully integrated the two countries’ auto sectors. Since 1965, American companies (and, admittedly, offshore manufacturers since the 1970s and 80s) have benefited immensely from the specialization, economies of scale and proximity to the U.S. market their Canadian facilities provide.

After six decades of seamless, borderless operation, there is no “national” industry in Canada, as there is no “national” industry in the U.S. It is a North American sector, one originally made so primarily to benefit the American Big Three, who wished to continue operating their plants in Canada, yet more efficiently, by rationalizing all of their North American operations. Today, that integration is being threatened by tariffs on automobiles originating from Canada and Mexico (which were paused for 30 days on Wednesday. On Thursday, tariffs on most goods were pushed back to April 2.)

In fact, none other than Henry Ford II was critical to the creation of the integrated industry. From 1945 to 1979, “The Deuce” revived and ruled Ford Motor Co., and its Canadian subsidiary. In 1964, when it had become clear the best way to avoid a brewing auto trade war was to integrate and rationalize the two national industries into one North American whole, Mr. Ford II made it clear to then-president Lyndon Johnson that he was in favour of the auto pact, since it would benefit his company, the industry and, ultimately, the United States.

Mr. Ford II was persuasive and Mr. Johnson was convinced. With Mr. Johnson’s support, the auto pact passed in Congress (the Senate voted 53-18). At the treaty’s January, 1965, signing with then-prime minister Lester Pearson at his Texas ranch, Mr. Johnson stated: “Two years ago, it appeared that our two countries might have grave differences in this great field of trade. We faced a choice between the road of stroke and counterstroke and the road of understanding and co-operation. We have taken the road of understanding.”


During a 1966 speech in Toronto, Mr. Ford II remarked that when it came to the benefits of close Canada-U.S. relations, he could “think of no better illustration… than the automotive trade agreement between Canada and the United States. My country had the good sense to recognize that it could help itself by helping Canada to solve its automotive trade problems, and together the two governments worked out the terms of the agreement.”

Later, in 1971, when then-president Richard Nixon attempted to unilaterally terminate the auto pact, U.S. officials hastily realized that such a move – similar to Mr. Trump’s tariffs today – would abruptly disintegrate and disrupt the North American sector, wreak havoc on supply chains and send the broader economy into chaos.

A half century on, it’s clear that Mr. Trump knows nothing of the role that U.S. leadership played in creating an integrated North American auto sector. And while he may have no interest in understanding history, he’s nonetheless about to learn a sharp lesson: that maintaining – and even strengthening – the integrated auto sector remains in his country’s best interest, whether he likes it or not.
——————————————————————-

Thought I’d throw this article in here. 279,000 Ford cars were sold in Canada last year.
 
Sarge said:
Some of the stuff manufactured overseas (CHINA) is a national security issue, especially medication. That never should have happened. Yes it will cost more, but it's better than China deciding they just aren't going to make it anymore and not having it at all.
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I agree. Doesn’t justify slapping punitive tariffs on every other country in the world on every product.

Some products can’t even be made or grown here for climate or other practical reasons (i.e. proximity to raw materials, logistics etc.) it made no sense to slap tariffs on everything and everyone. Glad he came to his senses.
 
xjx said:
It's not wise to count on others for medicine, food. Probably steel and aluminum too.
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In 2024, the apparent consumption of aluminum in the United States was around 4.3 million metric tons. While domestic production only totaled 678,000 metric tons, the U.S. relies heavily on imports, with Canada being a major supplier. In 2024, the U.S. imported roughly 4.8 million metric tons of aluminum.
 
Steelersreign said:
That article explains a small percentage of what we r dealing with.
In the 70s when Nike was made in America the average Nike was between $10 and $15

1981 Nike moved to china.
The average nike shoe price in the 80s cost between $40 and 60 dollars.

Why was the average price not $5 in the 80s since the cost to make them was slave cheap labor?
Who profited for our families jobs.
The same people that always do. The millionaires.
But who cares about American families when we can use Chinese labor and still sale the products for the same price as with American labor.

Our American companies should bring back our American jobs or face penalties, especially if they are using slave labor to make their products.

Policies to get us here took decades.
We need to start now to reverse this or it is just going to get worse
Click to expand...
If the unemployment rate was double digits since the 80’s and directly related to jobs lost overseas, I’d agree with you. But a steep price would need to be paid to undo decades of cheap labor and cheap prices. $3,500 IPhones and $300 sneakers aren’t going to be popular.
 
Troglodyte said:
If the unemployment rate was double digits since the 80’s and directly related to jobs lost overseas, I’d agree with you. But a steep price would need to be paid to undo decades of cheap labor and cheap prices. $3,500 IPhones and $300 sneakers aren’t going to be popular.
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Research it.
Question everything the media reports and why they report it.
The media is owned by the billionaires that run everything. We are just their gullible sheep.
Sometimes Their plans take decades to come full circle.
 
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Troglodyte said:
😂 How about an absence of failed businesses and bankruptcies? You have no idea of the privilege the idiot Trump has had. You’re the kid impressed by the kid with a ping pong table who temporarily befriends you until he can find cooler kids to hang with.
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What a tired worn out trope. You have sunk to the most ridiculous level of mudslinging as you have to know that his rate of success and failure is far better than the average. You can’t succeed as much as he has in business without failing a few times. Anyone who has owned a business and been responsible for running knows it is hard to not fail.
 
BY BERNARD CONDON
Updated 6:55 AM PDT, April 10, 2025
Share
NEW YORK (AP) — When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses.

But that was about to change.

“THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m.

Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days.

It was a prescient call by the president. Maybe too prescient.

“He’s loving this, this control over markets, but he better be careful,” said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. “The people who bought when they saw that post made a lot of money.”
Democratic senators are calling for investigation.

“Did anyone buy or sell stocks, and profit at the public’s expense?,” said Democratic Sen. Adam Schiff in a post on the platform BlueSky. Added Democratic Sen. Chris Murphy of Connecticut on X, “An insider trading scandal is brewing.”

A key question is, Was Trump already contemplating the tariff pause when he made that post?

“Over the last few days, I’ve been thinking about it,” said Trump himself when asked yesterday directly about when he arrived at his decision, but then added to the confusion, stating, “Fairly early this morning.”



Asked for clarification on the timing in an email to the White House later, a spokesperson didn’t answer directly but defended Trump’s post as part of his job.

“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,” wrote White House spokesman Kush Desai.


Trump Media shares​

Another curiosity of the posting was Trump’s signoff with his initials.

DJT is also the stock symbol for Trump Media and Technology Group, the parent company of the president’s social media platform Truth Social.

It’s not clear if Trump was saying buying stocks in general, or Trump Media in particular. The White House was asked, but didn’t address that either. Trump includes “DJT” on his posts intermittently, typically to emphasize that he has personally written the message.

The ambiguity about what Trump meant didn’t stop people from pouring money into that stock.

Trump Media closed up 22.67%, soaring twice as much as the broader market, a stunning performance by a company that lost $400 million last year and is seemingly unaffected by whether tariffs would be imposed or paused.

Trump’s 53% ownership stake in the company, now in a trust controlled by his oldest son, Donald Trump Jr., rose by $415 million on the day.

Trump Media was bested, albeit by only two-hundreds of a percentage point, by another Trump administration stock pick — Elon Musk’s Tesla.

Last month, Trump held an extraordinary news conference outside the White House praising the company and its cars. That was followed by a Fox TV appearance by his commerce secretary urging viewers to buy the stock.


Tesla’s surge Wednesday added $20 billion to Musk’s fortunes.

Kathleen Clark, a government ethics law expert at Washington University School of Law, says Trump’s post in other administrations would have been investigated, but is not likely not to trigger any reaction, save for maybe more Truth Social viewers.


“He’s sending the message that he can effectively and with impunity manipulate the market,” she said, “As in: Watch this space for future stock tips.”
BERNARD CONDON


Interesting stuff? What do you guys think? Just more haters? If this was a Democrat,would you be screaming for a full investigation?
 
Steelmann said:
BY BERNARD CONDON
Updated 6:55 AM PDT, April 10, 2025
Share
NEW YORK (AP) — When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses.

But that was about to change.

“THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m.

Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days.

It was a prescient call by the president. Maybe too prescient.

“He’s loving this, this control over markets, but he better be careful,” said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. “The people who bought when they saw that post made a lot of money.”
Democratic senators are calling for investigation.

“Did anyone buy or sell stocks, and profit at the public’s expense?,” said Democratic Sen. Adam Schiff in a post on the platform BlueSky. Added Democratic Sen. Chris Murphy of Connecticut on X, “An insider trading scandal is brewing.”

A key question is, Was Trump already contemplating the tariff pause when he made that post?

“Over the last few days, I’ve been thinking about it,” said Trump himself when asked yesterday directly about when he arrived at his decision, but then added to the confusion, stating, “Fairly early this morning.”



Asked for clarification on the timing in an email to the White House later, a spokesperson didn’t answer directly but defended Trump’s post as part of his job.

“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,” wrote White House spokesman Kush Desai.


Trump Media shares​

Another curiosity of the posting was Trump’s signoff with his initials.

DJT is also the stock symbol for Trump Media and Technology Group, the parent company of the president’s social media platform Truth Social.

It’s not clear if Trump was saying buying stocks in general, or Trump Media in particular. The White House was asked, but didn’t address that either. Trump includes “DJT” on his posts intermittently, typically to emphasize that he has personally written the message.

The ambiguity about what Trump meant didn’t stop people from pouring money into that stock.

Trump Media closed up 22.67%, soaring twice as much as the broader market, a stunning performance by a company that lost $400 million last year and is seemingly unaffected by whether tariffs would be imposed or paused.

Trump’s 53% ownership stake in the company, now in a trust controlled by his oldest son, Donald Trump Jr., rose by $415 million on the day.

Trump Media was bested, albeit by only two-hundreds of a percentage point, by another Trump administration stock pick — Elon Musk’s Tesla.

Last month, Trump held an extraordinary news conference outside the White House praising the company and its cars. That was followed by a Fox TV appearance by his commerce secretary urging viewers to buy the stock.


Tesla’s surge Wednesday added $20 billion to Musk’s fortunes.

Kathleen Clark, a government ethics law expert at Washington University School of Law, says Trump’s post in other administrations would have been investigated, but is not likely not to trigger any reaction, save for maybe more Truth Social viewers.


“He’s sending the message that he can effectively and with impunity manipulate the market,” she said, “As in: Watch this space for future stock tips.”
BERNARD CONDON


Interesting stuff? What do you guys think? Just more haters? If this was a Democrat,would you be screaming for a full investigation?
Click to expand...
Blah, blah, blah
It’s all trumps fault.
His policies since the 70s ruined this country.
Sucks he started both of these wars also.
 
Please give me a break the Dems have manipulated the stock market for years , they are apps that mimic the trading of Pelosi and other Dems because they have had a huge success rate in the stock market. They make like 220,000 a year and all have fortunes in the 100's of millions range. How you think that happened ?
 
Steelersreign said:
Blah, blah, blah
It’s all trumps fault.
His policies since the 70s ruined this country.
Sucks he started both of these wars also.
Click to expand...
What an absolute ridiculous comment to that article. Did you even read it? What the hell has what you wrote got anything at all to do with the article? Good God man.
 
SCSteeler4life said:
Please give me a break the Dems have manipulated the stock market for years , they are apps that mimic the trading of Pelosi and other Dems because they have had a huge success rate in the stock market. They make like 220,000 a year and all have fortunes in the 100's of millions range. How you think that happened ?
Click to expand...
So that makes it right? Because they did it,it makes it right?
 
Steelmann said:
What an absolute ridiculous comment to that article. Did you even read it? What the hell has what you wrote got anything at all to do with the article? Good God man.
Click to expand...
What a ridiculous accusation article.
Same **** different month

Did u read all beenard Condon left wing extremist articles?
He has Trump and Musk derangement syndrome.
How can anyone take him seriously
 
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