@Cookie_ to your earlier point of costs to build and run up production stateside; it's a gamble either way. Pay now or pay later, only the sums of those payments will change. If war breaks out with China, trade will absolutely stop. What happens then? If everything comes from China, we're fucked. You think China is going to let goods leave their borders? You think businesses will be able to collect their things and move out? Businesses will find their entire operation seized. The tariffs should also be used to identify what companies/goods don't leave China so we can prepare accordingly.
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All excellent points. I agree with your assessments of how a change in the relationship with China could affect business, but I'm also not the head of any of these organizations.
We're in a situation in which businesses may be aware of that risk but decide it's a low enough threat that the economic gains of doing business in China outweight the scenario you describe.
Until China seems more volatile, that cost/risk analysis might not change. It'll be too late by then.
The writing is on the wall. If they choose short term profits over long term sustainability/survivability, then they don't deserve our support.
Taiwan reveals timeline for potential full-scale China invasion
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Bezos until Trump thumped Kamala had a whole apparatus called the WaPo going after Trump. Bill Gates? Zuck?
I was being a bit cheeky about how we can play the back and forth all day. The bolded section should have made that clear.
I may or may not agree with a billionaire on a certain issue; that doesn't mean that I think they should get a pass on having an outsized influence on political machinations.
I don't like ANY billionaires doing the shit we see our tech oligarchs+others doing.
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I'm not going to say Elon doesn't have good intentions, but I don't believe for a minute that he or any other billionaire is doing anything for "free."
I'm not sold on the economic gains, nor am I dismissing their potential, but the tariffs are a brilliant political move both home and abroad.
I think they are as good as a teenager asking a girl to the prom. I don't see where they are going. Contracts, tax breaks, something, but someone's expected to put out.
I think they are as good as a teenager asking a girl to the prom. I don't see where they are going. Contracts, tax breaks, something, but someone's expected to put out.
As I tell my cadets, "self-interest is a legitimate motivator."
It seems that Musk felt that the left made it personal. I think he blames the left for trans-ing his son. He runs companies that were affected by ESG and DEI nonsense. He noticed--as we all did, even the people who said it wasn't happening--the actions of the Deep State, the suppression of Republicans and conservatives and anyone not toeing the leftist line on social media. Once he started asking questions the left found uncomfortable, they attacked him. He was violently shoved to the right. And then he realized "hey, I'm rich as shit, I don't have to take this anymore."
Meh. Ideological capture is a real thing. The volume and outputs are where this entire argument falls flat- definitions mean zero at this point- it's low hanging fruit in conversations that people weild ham-handedly as a whattaboutism. Until we can collectively agree on things like "what a woman is" and "what constitutes domestic terrorism", you'll have to forgive my adherence to the left's precedence of ignoring actual meanings in favor of semantic overload. 83 billionaires supported Kamala's run, 56 supported Trump and the dollar amount isn't close.
Elon wants to mobilize a vote, George Soros (and now Alex Soros) intends to install DA's in Cali that allow rampant shoplifting as long as it's below $900 and the forwarding of Marxist ideologies nationwide. I'll accept the defintional meeting for argument's sake, but the output is the issue, not the definition of a generalization of all rich people that engage in politics.
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Anti-Trump protests by supremely wealthy people in Sedona who fight against any multi-family or affordable housing development. Lols.
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I just think its mother fucking hilarious to see ANY leftist no matter how far from the center they may be - using the word "oligarch" to throw shade at the right half of the political spectrum
For fuck sake give me a break. People dipping their toe into politics should try to have at least a teeny tiny bit of self awareness before even hinting that "oligarchy" in America is a sole source republican threat.
Some people watch the world unfold in front of them and yet still can't tell the difference between partisan political kabuki theater and a one legged hermaphrodite in a butt fucking contest.
At least thats the view from my foxhole - maybe I just have my sector stakes too close together.
For fuck sake give me a break. People dipping their toe into politics should try to have at least a teeny tiny bit of self awareness before even hinting that "oligarchy" in America is a sole source republican threat.
Some people watch the world unfold in front of them and yet still can't tell the difference between partisan political kabuki theater and a one legged hermaphrodite in a butt fucking contest.
At least thats the view from my foxhole - maybe I just have my sector stakes too close together.
It's the same shit up here for our election and anti-Musk protests. The Liberal Party was in power for almost a decade with a rich white guy pretending to be a feminist. Now they have an even richer white guy that is obviously misogynistic and either ignores or belittles female reporters. They try to paint the Conservatives connected to Trump and push the Trump hatred to their rich white boomer supporters. Some of my aunts and uncles, are prime supporters.
His other supporters are the extreme DEI leftists. The same idiots protesting Musk in front of Tesla dealerships. And the masses of Hamas supporters.
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Canada: We're a nation! We aren't America's 51st State!
Also Canada: Protests Trump and Musk.
ThunderHorse
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Treasury secretary out here thumping the MSM. Well prepared.
Bessant is a savage. We have to grow out of the very real impacts of the last admin. It’s the only way.
Fifty (5-0) countries in the queue talking better trade- Taiwan aligning with US and offering 0% tariffs on microprocessors most notably. Oil prices below $60, first time in 4 years (Trump and Vance HUGE on energy). Cost down. Wages up. Jobs up. Interest rates down. CPI hot. These are *actual benefits* to the vast majority (most notably Gen Z, the hardest hit) of Americans fighting to buy a home or live day to day. Remarkable.
I said I thought the ‘tank the market devalue currency IOT refinance debt at a premium’ theory was copium earlier… but, uh, the economy (not the market) is waking up and signaling growth. Soooooo 7d chess? WTFK.
As an aside, I love the people who couldn't pass a JuCo (shout out to those of you who know...you old fucks) Macroeconomics course arguing with just about anyone at this point. Accounting 1 fucked you up? Maybe your grasp of global economics isn't what you think. Give it a week or two before you shoot your blood pressure to the moon. Cheer, jeer, but give it some time to play out.
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Relevant.
You’ve been gaslit to believe China’s economy rivals ours. They are in freefall and that’s a great thing. The American gorilla is back.
China stocks crash, Hong Kong dives 10% in worst plunge since 2008 as tariff fallout spreads - The Economic Times
Now everyone say something nice about America.
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