axj
The Living Force
Tariffs are a way to help domestic manufacturers and to motivate foreign manufacturers to move production to the US.
The stock markets are already crashing
- Thread starter Shared Joy
- Start date
axj
The Living Force
What do you mean by that?
Of course not. Until enough manufacturing returns to the US, people will likely see higher prices on many products.
The US is certainly not the most protectionist economy currently, as it is highly reliant on production in China and elsewhere.
The interest of the globalists is global control and "free trade", while the interest of the nationalists is towards ensuring their country does well - which may include anti-globalist tools like tariffs and protectionism.
So. Who is going to pay the tariffs in the meantime? What will happen to the arable land in an ice age? Will the US continue to rely on domestic production?
What we are seeing in the US are not emerging nationalist groups but psychopathic oligarchies disguised as nationalists who want to take the project away from the hitherto reigning oligarchy that you call globalist.
axj
The Living Force
If income taxes are reduced significantly at the same time as tariffs are introduced, then the burden on the people may be reduced.
Maybe, maybe not. Most likely the nationalists are a mixed bag of people who care about their country, as well as some psychopaths who see an opportunity. Be careful not to jump to conclusions just because Trump insulted Mexico.
And you didn't answer what "close system" you are referring to. That does not contribute to clarity in a discussion.
Really?
Possibly, but so far the "nationalist" group has persuaded Trump to continue to support Israel, personalized vaccines, sanctions on Russia etc if they are so nationalist why don't they focus on solving domestic problems of health care, housing, jobs.
About the closed system you mention that:
That's a closed system that doesn't work in real life.
I just remind you that one of the benefits of capitalism is to sell its overproduction once the internal demand is satisfied. That increases profits and ultimately is very American.
And it is through this international trade in dollars that BIG foreign capitalists obtain their capital and they want to make their dollars work for which they have two alternatives they can either invest it in US companies (NEVER buy an American company) or invest it in the real estate market (much of NY belongs to Chinese).
You talk about manufacturers I am talking about the people.
With the tariffs Trump is going to declare war either on the American worker (domestic market) or declare war on the big foreign capitalist. Do you think Trump is going to betray the foreign capitalist? Wake me up when he does.
I just remind you that one of the benefits of capitalism is to sell its overproduction once the internal demand is satisfied. That increases profits and ultimately is very American.
And it is through this international trade in dollars that BIG foreign capitalists obtain their capital and they want to make their dollars work for which they have two alternatives they can either invest it in US companies (NEVER buy an American company) or invest it in the real estate market (much of NY belongs to Chinese).
You talk about manufacturers I am talking about the people.
With the tariffs Trump is going to declare war either on the American worker (domestic market) or declare war on the big foreign capitalist. Do you think Trump is going to betray the foreign capitalist? Wake me up when he does.
axj
The Living Force
Yes. You seem to be making conclusions based on emotions that got triggered by Trump insulting Mexico and designating illegal immigrants (mostly latinos) as a major problem. It is pretty clear to see actually, even if you refuse to acknowledge it fully.
That seems to be more emotional reasoning with little or no objectivity. Trump also exited the WHO, the Paris climate accords, basically ended the woke agenda that has been destroying the US culture, etc. Trump's actions are basically a mixed bag of "the good, the bad and the ugly".
Tariffs worked for many years in the US and it was with tariffs that the US became a superpower by the middle of the 20th century:
https://en.wikipedia.org/wiki/History_of_tariffs_in_the_United_States
To dimension what happened today in another episode of the Tech-war US-China
Mastercard market value: US$502 billion.
ExxonMobil market value: US$484 billion.
Market value of Bank of America: US$355 billion.
Coca-Cola market value: 275 billion dollars.
NVIDIA's market value loss on January 27 alone: $560 billion.
Xiaomi tried to sign her with a million-dollar offer, but she bet on DeepSeek.
In another blow to Western industry
Mastercard market value: US$502 billion.
ExxonMobil market value: US$484 billion.
Market value of Bank of America: US$355 billion.
Coca-Cola market value: 275 billion dollars.
NVIDIA's market value loss on January 27 alone: $560 billion.
She is Luo Fuli, Principal Investigator at DeepSeek. She is considered a child prodigy, she is an alumnus of Beijing University (2017: Outstanding Graduate) and had been publishing important research papers in AI for years.
Xiaomi tried to sign her with a million-dollar offer, but she bet on DeepSeek.
In another blow to Western industry
JUST IN:
— Megatron (@Megatron_ron) January 27, 2025
🇩🇪🇨🇳 Volkswagen ready to become Chinese
Volkswagen is prepared to let Chinese electric carmakers take over production lines in its struggling factories — Telegraph pic.twitter.com/Oz3wys1GYn
The techno-financial war continues
Following Trump's announcement, NVIDIA shares fell again. NVIDIA had a brief recovery after its extraordinary fall, but the markets were not very excited about the possible restriction on the sale of chips to China.
Following Trump's announcement, NVIDIA shares fell again. NVIDIA had a brief recovery after its extraordinary fall, but the markets were not very excited about the possible restriction on the sale of chips to China.
Trump administration considering new restrictions on Nvidia chip sales to China
The Trump administration is reportedly considering further curbs on the sale of Nvidia (NASDAQ:NVDA) chips to China, according to a Wednesday report by Bloomberg. The discussions are still in the early stages as the new team works through policy priorities.
The officials are looking into the possibility of expanding restrictions to include Nvidia’s H20 chips. These chips are a scaled-down product designed to comply with existing U.S. restrictions on shipments to China and can be used to develop and run artificial intelligence software and services.
The sources indicated that a decision on any potential restrictions is likely a long way off. The Trump administration is still in the process of staffing up in relevant departments.
Timeline (01-29-25)
● Nvidia stock ends Wednesday trading down 4% in a turbulent session that wiped out about $130 billion in market value, with earnings reports from top customers Meta, Nvidia and Tesla all due this afternoon all potential catalysts for further movement in the stock.
● To recap Nvidia’s whipsaw week: Its market value fell by about $590 billion Monday, rose by roughly $260 billion Tuesday and dropped $130 billion Wednesday.
● DeepSeek is less capital-intensive artificial intelligence model from China.
DeepSeek Panic Live Updates: Nvidia Stock Drops 4%—As Trump Reportedly Mulls China Chip Sale Restrictions
Nvidia shares' 9% recovery Tuesday was the second-best day in terms of market cap added for any company ever—but the company faced another selloff Wednesday.
www.forbes.com
He's not the only one to think there's something going on with you, Puma.
As far back as I can recall your posts regarding Trump were simply tracking events and staying informed.
However, I noticed an emotional shift in your posts involving Trump after he proposed renaming the Gulf of Mexico to the Gulf of America. Since then, many of your posts which involve him are quite hostile and mocking.
I think it would be a good idea to remind yourself that no matter how much Knowledge we acquire, we can all be amygdala hijacked. We all have blindspots and unconscious biases and triggers, and what with hyperkinetic sensate, these all can be amplified. I'm sure you know that the amygdala hijack prevents us from Seeing how we see things, and thinking clearly about how we think. For me, when someone brings up that I'm thinking emotionally, or operating on the basis of unconscious beliefs, one key question is to ask - what is my response? How does that feedback feel? And what do I do with it? Sometimes, instead of stopping, slowing down, and giving the feedback serious consideration, I get defensive. This is where you're at, IMO.
As they say, if you have money to spare, now is the time.
The next front
What is the "washing machine effect" that helps explain why imposing tariffs on Mexico can hurt the U.S. economy?
On the imposition of a tariff as high as 25% - and so broad that it would cover all Mexican and Canadian products - trade and international relations experts interviewed by BBC Mundo have expressed a certain level of skepticism.
"The tariff linked to migration and fentanyl is a kind of extortion," Mexican economist Luis de la Calle, who was involved in negotiations with the United States and Canada on the previous free trade agreement, NAFTA, tells BBC Mundo.
An example that serves to illustrate this is the case of the tax on foreign washing machines that Trump implemented in 2018 during his first term.
A research prepared by three renowned economists, Aaron Flaaen, Ali Hortacsu and Felix Tintelnot, concluded that the price of washing machines in the United States rose 12% as a direct effect of that tariff.
The idea behind the tariff, which is a tax on imported products, was to protect local producers against the massive influx of very cheap washing machines from abroad, in what is known as a case of unfair competition or dumping.
"Although some jobs were created, consumers paid a very high cost," Felix Tintelnot, a professor at Duke University in the U.S. and co-author of the research, tells BBC Mundo.
Americans as a whole paid about US$820,000 more in the purchase of washing machines, per job created. "It was not a good deal for them."
That's precisely what we've called the "washing machine effect": the price increase that American families paid.
This is also explained by Inga Fechner, Senior Global Trade Economist in the research team of ING Bank in Germany.
Ultimately, "consumers bear the cost of the trade conflict."
if not $NVDA then why not $ARM? they are the one who are going to power the next architecture for nvdiai since they are going arm route with their latest GH200 and future releases.
— Tojan Bunguz (@TojanBunguz) January 31, 2025
Jensen mentioned in his latest interview the advantage of arm based soc in doing cpu+gpu tasks
The next front
JUST IN:
— Megatron (@Megatron_ron) January 31, 2025
🇺🇲White House announced that United States will impose 25% tariffs on Canada and Mexico, and 10% on China, all effective tomorrow. pic.twitter.com/tp7k1uporr
What is the "washing machine effect" that helps explain why imposing tariffs on Mexico can hurt the U.S. economy?
On the imposition of a tariff as high as 25% - and so broad that it would cover all Mexican and Canadian products - trade and international relations experts interviewed by BBC Mundo have expressed a certain level of skepticism.
"The tariff linked to migration and fentanyl is a kind of extortion," Mexican economist Luis de la Calle, who was involved in negotiations with the United States and Canada on the previous free trade agreement, NAFTA, tells BBC Mundo.
An example that serves to illustrate this is the case of the tax on foreign washing machines that Trump implemented in 2018 during his first term.
A research prepared by three renowned economists, Aaron Flaaen, Ali Hortacsu and Felix Tintelnot, concluded that the price of washing machines in the United States rose 12% as a direct effect of that tariff.
The idea behind the tariff, which is a tax on imported products, was to protect local producers against the massive influx of very cheap washing machines from abroad, in what is known as a case of unfair competition or dumping.
"Although some jobs were created, consumers paid a very high cost," Felix Tintelnot, a professor at Duke University in the U.S. and co-author of the research, tells BBC Mundo.
Americans as a whole paid about US$820,000 more in the purchase of washing machines, per job created. "It was not a good deal for them."
That's precisely what we've called the "washing machine effect": the price increase that American families paid.
This is also explained by Inga Fechner, Senior Global Trade Economist in the research team of ING Bank in Germany.
Ultimately, "consumers bear the cost of the trade conflict."
DJIA and NASDAQ dive on Trump Tariff Order
Perhaps for this reason Team Trump had to backtrack and postpone the introduction of tariffs to March 1. According to Reuters, the team is analyzing which products will be exempted from import duties.
For its part, the rating agency Standard and Poor's stated:
"We estimate that the implementation of 25% tariffs on Mexican exports would push the Mexican economy into a recession. The main contributor to this slowdown is expected to be real exports of goods and services, which are expected to decline by 2025,"
With actions like this it is very difficult to provide a solution to the migration problem, more poverty increases the possibility of illegal migration to places that people perceive as paradise or a solution.
Trump also said that he would impose tariffs on the European Union.For its part, the rating agency Standard and Poor's stated:
"We estimate that the implementation of 25% tariffs on Mexican exports would push the Mexican economy into a recession. The main contributor to this slowdown is expected to be real exports of goods and services, which are expected to decline by 2025,"
With actions like this it is very difficult to provide a solution to the migration problem, more poverty increases the possibility of illegal migration to places that people perceive as paradise or a solution.
"Am I going to impose tariffs on the European Union? You want the truthful answer or shall I give you a political answer? Absolutely. The European Union has treated us so terribly," he said.
So far, Trump has threatened half the world with tariffs, BRICS, Canada, Mexico, EU, Colombia... with the exception of Israel and possibly he will strike a deal with Maduro.
So far, Trump has threatened half the world with tariffs, BRICS, Canada, Mexico, EU, Colombia... with the exception of Israel and possibly he will strike a deal with Maduro.
🚨🇺🇸🇻🇪 BREAKING: Trump Special Envoy RIC GRENELL is in VENEZUELA meeting with PRESIDENT MADURO! pic.twitter.com/FQGbOjSlyW
— Jackson Hinkle 🇺🇸 (@jacksonhinklle) January 31, 2025
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