gfm7175
Mega MAGA
Notice how Crypress completely forgot the fact that there are already existing tariffs on China (that Trump implemented, that the Shadow Regime never removed)?? This 10% is on top of those others.
JUSTIN TRUDEAU ANNOUNCES RETALIATORY MEASURES AGAINST THE UNITED STATES
- Thread starter AProudLefty
- Start date
gfm7175
Mega MAGA
Uh oh. Dutchy is yet another poster who conveniently forgot that this 10% tariff on China is on top of other existing tariffs on China.
TOP
Retired Teacher
But they are.... That'd been talking about it for days....lol... At least now they don't have to worry about avocados from Mexico for another month...
It is necessary to know my name and birth year...
Teflon Don
I'm back baby
Only rich people are in the stock market remember? That was why you guys opposed transferring SS to it. Remember? I have the receipts
TOP
Retired Teacher
I imagine today they are very unhappy with how things are going for their party... Have you seen the new DNC chairman... And how selection of other members of the committee went? Oh my... https://news.grabien.com/story/dnc-...-because-there-hasn-t-been-a-non-binary-perso
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BartenderElite
Verified User
Who said that?
The market affects pretty much everyone. I don't remember anyone saying "only rich people" are in it.
ThatOwlWoman
Leftist Vermin
That's because he made that up. Almost all American workers now have employer-based 401(k) retirement accounts, or at least are offered those as one of their company-provided benefits. So yep -- the markets affect more than just "rich people."
AProudLefty
Adorable how loser is screeching for attention. :)
It will rise the prices.Yes, it IS more winning. Canada ultimately doesn't have a leg to stand on.
I really DO love this tariff-related fear-mongering though, especially since it is something in which there is very recent history to point to in order to debunk the popular lie about it "resulting in higher prices for US citizens".
1) IF one were to extend the media fear-mongering ("logic") of "tariffs resulting in higher prices for US citizens" to its logical conclusion, am I seriously supposed to believe that both Canada and Mexico simultaneously thought: "Hmmmmm, Trump is currently implementing tariffs against us as a way to harm his own citizens. We need to immediately "retaliate" by likewise implementing tariffs against him to harm OUR own citizens!!"??
In other words: Why wouldn't they both simply "do nothing" as they, from a safe distance and with popcorn in hand, gleefully watch as Trump harms his own citizens?
2) Very recent history has shown exactly what happens during such a "song and dance" of Trump implementing tariffs and some other country "retaliating" by implementing tariffs against the USA. The first thing to watch for is what happens to the valuation of the Mexican Peso and the Canadian Dollar against the US Dollar. If their currencies both "drop" and the US dollar "rises" (which is what happened last time), then Trump's tariffs will have minimal/no impact on US citizens because imports will be paid with "higher value" US dollars. Remember, THEY both need access to OUR market (or their economies will tank), not the other way around, so they will devalue their currencies in order to retain access to our market. Their companies will also start doing business in the USA in order to avoid tariffs. That would mean more "tax revenue" for the USA and less "tax revenue" for Canada and Mexico. All in all, it will be painful for them, not for us.
The tariffs can all immediately end if they'd simply secure their borders and stop the free flow of illegals and fentanyl into our nation. We're finally doing it again on our side, and now it's time for them to do it on their side too. "We're all in this together", correct?
3) Canada is pretty much wholly dependent upon the USA with regard to their oil. They are dependent upon shipping their oil down to us so that we can refine it and then ship it back up to them. Canada is dependent upon the USA being willing to take their oil. Trump has all the leverage; Trudeau has NO leverage.
TLDR: US citizens will ultimately feel little/no pain. Canada and Mexico will both act tough for a while but then eventually back down and behave again after daddy Trump gives them both a few spankings.
P.S. -- I will tag @Althea here since he/she needs to learn these lessons as well.
AProudLefty
Adorable how loser is screeching for attention. :)
And?
Bought some stock while I was eating breakfast and sold it when I got to work. Only made a grand but it's good way to start the week!
Althea
Althea told me...........
LOL. The world ignores the flaccid orange moron. Dow barely down now, and oil is DOWN. Plenty of time yet, but moving in the proper direction. I don't watch the news. Did someone apologize for trump?
Althea
Althea told me...........
What dumbfuck besides you thought that Dubyah's money grab was a good idea? There would be millions of homeless or dead retirees right now. There is no better investment for a working person than FICA if they are an employee.
Teflon Don
I'm back baby
You loves you a ponzi scheme don't you? Had people just put that money in an S&P 500 fund they would have been way better off and been able to leave the money to their family after they passed away. But that isn't redistribution enough for you marxists is it?
Move along. I accept your concession
Althea
Althea told me...........
Idiot. Except for the elderly who would have been broke at least twice since 2008. How can you be so stupid?
Teflon Don
I'm back baby
you have no proof of your claims, other than your irrational hatred of the free market
of course like all leftists you are afflicted with a sense of self righteousness that you are the all knowing and nobody can possibly figure things out for themselves without your help
Althea
Althea told me...........
Don isn't overly intelligent. It can certainly be argued that only the wealthy are in a position to manipulate the market, which they do.
But you are correct. Everyone is affected by the market. Those who are not in the market typically do better when it is down.