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The Tariff Talk
- Thread starter tsptalk
- Start date
exnavyew
Well-known member
To me it just sounds like more 'doubletalk'.
He wants to 'have his cake and eat it too' at all times.
Meanwhile:
Trump Admin Threatens to Stop Social Security If DOGE Can’t Have Personal Data
https://www.yahoo.com/news/trump-admin-threatens-stop-social-041848651.htmlLeave my SS check alone! I paid into it, I earned it and it's mine. Hands off!
WorkFE
Well-known member
Yes you did pay into it, earned it and deserve it. However, the US Taxpayers are being ripped off. It's funny how folks don't trust this administration with PII (really don't want anyone to see how corrupted things have gotten) but we don't bat an eyelash with the IRS, OPM, DCSA etc. having it. All of whom have been hacked numerous times in the last 20 years by foreign adversaries.
exnavyew
Well-known member
Been receiving SS for years like clockwork and I've seen no credible info or evidence that a foreign power has attempted to interfere with my receiving them.
But this White House is certainly threatening too by their own admission.
WorkFE
Well-known member
And I certainly hope you continue to get them like clockwork. I have been under OPM's MyID Care for monitoring for 15 years. First OPM was hacked with my info balled up with a couple hundred thousand other folks. The DCSA was hacked, and my security clearance documents were included in that theft. Every time, from what I've read through intel, was foreign actors.
I don't disagree with the judge. If DOGE wants to look at this information they need training just like we all had to handle PII. I don't want someone without the proper security clearance and training messing with my information or anyone else's. Trump's threat to stop SS payments should be an impeachable offence.
exnavyew
Well-known member
I SO agree!!!
James48843
Well-known member
Trump schedules tariff announcement “Liberation Day” for 4 pm eastern Tomorrow.
It’s gonna be big tariffs on everybody. And reciprocal tariffs on anybody tariffing us.
He’s not looking to get other nations to drop tariffs. He’s banking on changing to a major tariff rule on everyone, to eventually replace Income Taxes.
To do that- they will need a 40%+ set of tariffs, and for no charges to be made by the markets in volume of imports. Tack a big tax on, and yes, people wont buy.
It’s gonna be big tariffs on everybody. And reciprocal tariffs on anybody tariffing us.
He’s not looking to get other nations to drop tariffs. He’s banking on changing to a major tariff rule on everyone, to eventually replace Income Taxes.
To do that- they will need a 40%+ set of tariffs, and for no charges to be made by the markets in volume of imports. Tack a big tax on, and yes, people wont buy.
Either way may be more inflationary, but how about buying stock in small (or large) American companies that don't rely on imports, and buying goods from American companies who don't rely on imports -- if there are any left? My guess is the number of those companies will have to grow in the coming years.
James48843
Well-known member
Federal Register Notice-
April 2, 2025 3:11 PM EDT Updated an hour ago
WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump's administration on Wednesday confirmed that his 25% global car and truck tariffs will take effect as scheduled on Thursday and that duties on automotive parts imports will be launched on May 3.
In a Federal Register notice adding details to Trump's autos tariff proclamation issued last week, the White House directed the Commerce Department to establish a process within 90 days for adding more parts to the list, including at the request of domestic producers.
The 25% automobile tariffs are due to take effect at 12:01 a.m. EDT on Thursday, with the 25% tariffs on auto parts due to take effect at 12:01 a.m. EDT on May 3, according to the Federal Register.
The parts list currently includes dozens of tariff codes including engines, transmissions, powertrains and electrical components, as well as other parts such as brake hoses, but domestic producers will be able to request additions to the list, the notice said.
Read more: https://www.reuters.com/world/us/tr...01-am-et-april-3-federal-register-2025-04-02/
Trump administration confirms car tariffs start Thursday, auto parts on May 3
Source: ReutersApril 2, 2025 3:11 PM EDT Updated an hour ago
WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump's administration on Wednesday confirmed that his 25% global car and truck tariffs will take effect as scheduled on Thursday and that duties on automotive parts imports will be launched on May 3.
In a Federal Register notice adding details to Trump's autos tariff proclamation issued last week, the White House directed the Commerce Department to establish a process within 90 days for adding more parts to the list, including at the request of domestic producers.
The 25% automobile tariffs are due to take effect at 12:01 a.m. EDT on Thursday, with the 25% tariffs on auto parts due to take effect at 12:01 a.m. EDT on May 3, according to the Federal Register.
The parts list currently includes dozens of tariff codes including engines, transmissions, powertrains and electrical components, as well as other parts such as brake hoses, but domestic producers will be able to request additions to the list, the notice said.
Read more: https://www.reuters.com/world/us/tr...01-am-et-april-3-federal-register-2025-04-02/
James48843
Well-known member
Details of the Automobile related tariff Tariff executive order:
James48843
Well-known member
James48843
Well-known member
US stocks dip sharply after Trump announces tariffs of at least 10%
Source: USA TODAYMARKETS
US stocks dip sharply after Trump announces tariffs of at least 10%
Andrea Riquier
USA TODAY
Published 6:30 a.m. ET April 2, 2025 * Updated 5:03 p.m. ET April 2, 2025
U.S. stocks turned sharply lower in after-hours trading after President Donald Trump announced sweeping new tariffs of at least 10% on imports from all trading partners.
The broad S&P was down 1.8%, the Dow Jones Industrial Average was 0.6% lower, and the tech-heavy Nasdaq slid more than 2.4%. Stocks gained during the trading day on Wednesday as investors awaited more clarity from the White House, but lost ground after the closing bell as the president laid out his plans.
The S&P 500 added 37.90 points, 0.7%, to close at 5,670.97. The Dow gained 235.36 points to hit 42,225.32, up about 0.6%, and the Nasdaq tacked on 151.16 points or 0.9% to close at 17,601.05.
{snip}
Read more: https://www.usatoday.com/story/money/markets/2025/04/02/stocks-trump-tariffs/82767450007/
James48843
Well-known member
Looks like The Senate is going to take a vote to “end the Emergency with Canada”, yet tonight, and may have the votes to do it. Four Republicans have signed on their support of the bill.
www.yahoo.com
GOP braces for potential defeat on Trump tariff bill
Senate Republicans are bracing for the passage of a bipartisan bill to undo President Trump’s 25-percent tariff against Canada, which would deal Trump an embarrassing setback on “Liberation Day,” an occasion the president has proclaimed to announce a new round of tariffs. Four Republicans —...
weatherweenie
Well-known member
Nice 3.4% drop in the s&p futures.
James48843
Well-known member
Now showing NASDAQ futures 4.5% down. It’s going to be bloody tomorrow.
From the Yahoo article:
“U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.
Futures tied to the Dow Jones Industrial Average lost 1,069 points, or 2.5%. S&P 500 futures dropped 3.6%. Nasdaq-100 futures lost 4.5%.
Shares of multinational companies tumbled in extended trading. Nike and Apple each dropped about 7%. Shares of big sellers of imported goods were among the hardest hit. Five Belowlost 14%, Dollar Tree tumbled 11% and Gapplunged 8.5%. Tech shares dropped in an overall risk-off mood, with Nvidia off 5% and Tesla down 7%.
The White House unveiled a baseline tariff rate of 10% on all countries that goes into effect April 5. Even bigger duties against countries that levy higher rates on the U.S. will be charged in coming days, according to the administration.
More:
Dow futures tumble 1,000 points on fear Trump's tariffs will spark trade war: Live updates
Wednesday saw further volatility roil markets as tensions ran high ahead of Trump's announcement, but stocks ultimately ended the session in the green.
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James48843
Well-known member
So I just figured this out. I couldn’t understand what they are using as “tariff rates” imposed by other countries.
. He’s using the differences in Import/export trade deficit- NOT the actual tariffs tax rates of other counties.
He isn’t using what tariffs other countries are applying- he is using THE TRADE DEFICIT.
OMG I can’t believe he is that stupid. But it’s true. He is.
He’s going to crash the markets.
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