patrick.net

Patrick says

Not necessarily a good thing if it means US jobs will go to Argentina instead of China.

I kind of think that's the point. If we are going to import everything anyway, import it from not China.
Free trade with everyone except China, and make sure everyone you have an agreement with trarrifs the crap out of China.

zzyzzx says

If we are going to import everything anyway, import it from not China.

That was the idea during his first term: force companies to move manufacturing out of China to reduce dependency on the main strategic adversary. But now it somehow morfed into "0 deficit with everybody everywhere", which is a completely different animal (and could be impossible).

And the fucking "formula" they used completely ignores the services which we sell a shitload.

https://open.substack.com/pub/public/p/batya-ungar-sargon-trump-is-waging

DeportLibtards says

Notice who wrote the forward?

Luttwak is great. Smart guy. Not only a Cold War Operative, but his "Grand Strategy of the Byzantine Empire" is great. He has one for the (Western) Roman Empire as well.

DeportLibtards says

The one thing Liberation Day hasn't liberated us from is all the globalist bullshit being posted now about 'free trade' and 'Smoot-Halley'.

Ah yes, the Smoot-Hawley lie. The Tariff that didn't even get voted on until after the stock market crash and didn't take effect until 1931, and was mostly promulgated in REACTION to Tariffs being considered by France and the UK.

BTW, the British had to dump free trade in the 1910s due to debt from 50 years of Free Trade, they couldn't finance both the war and finance trade deficits simultaneously with Fugitive Traitor policies.

OIL DROPS $10 to ~$60

We're back to Trump era Oil Prices.

How is the yuan falling?

I support President Trump for taking long overdue action to bring back the American industrial base.

In all the discussions, I have not seen one aspect addressed:

The US exports currency. As long as the USD is used as a reserve currency, there will still be a need for the US to supply US dollars. What other way to do this is there besides running a trade deficit?

yawaraf says

I support President Trump for taking long overdue action to bring back the American industrial base.

In all the discussions, I have not seen one aspect addressed:

The US exports currency. As long as the USD is used as a reserve currency, there will still be a need for the US to supply US dollars. What other way to do this is there besides running a trade deficit?

That is what is known as the Triffin Dilemma: How can the US run continuing deficits to fund the rest of the world dollar-based economy without ultimately destroying itself?

yawaraf says

The US exports currency. As long as the USD is used as a reserve currency, there will still be a need for the US to supply US dollars. What other way to do this is there besides running a trade deficit?

That's the rest of the world's problem.

MolotovCocktail says

I love this woman's framing: "I'm a MAGA leftist!" When you hear the logic, she is spot on. Dems have shitted on the middle and lower classes for decades. If they hadn't, how would large cities be doing so poorly?

"The American people support this agreement because they know it's good for jobs in America . And good for human rights. And the development of democracy in China."

Bill Clinton, 10 October 2000
https://www.c-span.org/program/white-house-event/trade-relations-with-china-bill-signing/105973

MolotovCocktail says

Hahahahahaha. I wonder when Tuqar will have a BRICS currency expert on.

MolotovCocktail says

You mean the great MBAs didn't read the Admin's own policy papers going into a new Admin?

When they get lucky: "I'm a genius with my brilliant calls"
When they get hosed: "Nobody could have seen this coming"

Either way, give them a big fat bonus and/or bail them out with taxpayer money.

If you really want to piss off a Free Trader, mention the anemic GDP growth rate of the US under Free Trade. They'll then confidently state that they saw the alternative future in their crystal ball without free trade and it was worse, or some ex rectum unverifiable proclaimation.

https://youtu.be/lSma9suyp24
Sounds like Trump has great plan. Fixing is not trivial for the given magnitude caused by all the previous clowns.

MolotovCocktail says

https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf

he exempt way too much, this will not bring manufacturing back. he exempt everything that’s sold at ~95% profit margins. and somehow thinks it coming from India and Vietnam is better than China. screw that. i voted for america first, not India first.

Fortwaye says

he exempt way too much, this will not bring manufacturing back. he exempt everything that’s sold at ~95% profit margins. and somehow thinks it coming from India and Vietnam is better than China. screw that. i voted for america first, not India first.

Yes, but let's take down the CCP that we offshored all our manufacturing to first, ok? Break their economy first.

Fortwaye says

he exempt way too much, this will not bring manufacturing back. he exempt everything that’s sold at ~95% profit margins. and somehow thinks it coming from India and Vietnam is better than China. screw that. i voted for america first, not India first.

Well Apple did say that it was gonna invest $500 billion in the US over the next 4 years. At that $17 million per employee figure you calculated, it comes up to about 29k jobs. Of course, that $500 billion figure is also over ten times the market cap of GM (GM employs about 92k people in the US), so the job growth could be quite a bit. Then you gotta factor in the multiplier effect as those newly hired people spend their paychecks into the US economy.

An unintended consequence or an intended consequence? Trump-o-nomics bringing down the fake premium label industry? Bimbo's are all gonna be pissed that their premium labels are all made in China.



https://t.me/drue86/65552


https://www.zerohedge.com/markets/wall-street-cries-out-after-manic-panican-week-stocks-not-drivers-seat-any-more

Misc says

Well Apple did say that it was gonna invest $500 billion in the US over the next 4 years.

And now NVIDIA.



So much for "White House Caves To AEA!"