If we could, as a Gov't, collect 10% of our trade deficit with China we could almost pay off the national debt. Try being an American for a change. We gave China their economy. Give us some dividends. A Democrat senator is on the news right now actually complaining that interest rates are coming down. Seriously.
In an effort to be fair, Futures up 600+
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Yes, I would still be saying it. Those aren't the only dumb moves Trump has made. The previous bunch made plenty as well. I wouldn't bet on either side.
If donnie knows the rules of chess, I'll buy you a meat-and-3 lunch at the Big Star
That math doesn't seem right. Are you referring to the historical accumulated deficits with China? But assume it is for a second...why trade war with planet if the problem is China?
I’ll gladly admit I’m in front of my skis, but I believe China has setup business in other countries to circumvent these type of things before. That may be part of the thought. I do not know for sure.
At that rate, at current debt and deficit levels, and assuming we do not add to the debt at all, it would take a little over 118 years to pay off the national debt. That also assumes no interest on the debt. Your math is WAY off.
They have. Sanction/tariff dodging is a proud past-time practiced by many nations over the years. Which is another down-stream reason today's tariffs are not a reality-based solution
Yeah I think Canada has been used. I have no clue to what extent and how pervasive it is. Countering it would be wise - especially in security related goods like steel/chips.
Oh yes. China has multiple ways to get around these things. Back when Trump had his trade spat with China in the first term they completely stopped buying corn and soybeans but then within a month there were millions of bushels of soybeans being bought by countries in different parts of the world that normally don’t buy beans. You can guess where they were going.
It's not the least bit surprising that you think people like Bessent, Lutnick, Vance, Burgum, Kennedy, Saks, Musk and his band of savants and CEOs etc aren't any smarter than a typical politician. It just supports what's been obvious for awhile.
It takes some level of smarts in yourself to actually recognize when other people are really smart.
It will be interesting to see how far the Trump/Musk friendship goes because Musk wants zero tariffs and he’s been pretty vocal about it.
I'm guessing that's more of a business relationship than a friendship (which I'm guessing you might've been using loosely).
It's awfully hard to imagine either of them having an actual friend, or being one.
I'll take that as the compliment it is, coming from you. Checked your math yet?
Yesterday felt like Schrödinger's Market
It's honestly lasted longer than I thought it would. They both need each other to accomplish things they want to get done. Maybe they can last a few more months
Musk called Navarro a moron today, said he was dumber than a sack of bricks.
Shocking that you've already confused me for somebody else your arguing with.
While everyone is weeping/gnashing teeth over this and throwing grenades at each other, China is becoming isolated. Japan, Korea, Indonesia, Vietnam...all coming to the negotiating table. Japan is begging China to stop escalating.
What if the ultimate outcome here is bringing China to heel?
That could be good, or it could be bad. It depends on what their reaction to being brought to heel is. They aren't building all that military hardware to look at. This is a dangerous game, and it doesn't just involve a trade spat.
Only a moron would consider this issue in isolation when we are talking about China. Wars start over stuff like this.
Maybe so, but we can't hang with them in a long conflict. We do not have the military industrial base to do so. This is something they have been building toward for a while. Maybe not over this particular thing, but what they have been doing with their military is aimed at us and their immediate neighbors. Why do you think the Japanese are begging them to stand down? This gives China a reason to strike when to a lot of the world they won't look as bad as if they just provoked a crisis and went after Taiwan on their on. You have to think about this stuff when dealing with them. I'm not sure we are.
The CCP is obviously the China problem. Both for it's people (who, for close to a century, they've consistently shown they care nothing about) and for the globe. At some point everybody with sense knows that system is going to fall. They always do. We just have to do our best to keep it from becoming a global problem.
If kamala and joe could play a game of checkers, ill buy you a steak at mortons.
They are coming down for mortgages and credit cards. Side effects of uncertain markets. Investers putting money into Treasury Bonds. How long that last, I don't know.
Sure, lil buddy. You run go set up the checkers game with President Biden and Vice President Harris. Let me know, thx.
Biden/Harris/Schumer/Pelosi/AOC etc. in a game of chess against Trump/Vance/Musk/Miller/Rubio
To think the above is first team for both sides is very disconcerting. What has happened to our talent at the top?
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