Tariffs and Potential Inflation

[D_Walt]

Did y'all figure this out yet? My perusal of the thread seems to lead me to believe the HT poster consensus is doing nothing is not effective, and doing anything at all is also equally ineffective and naive….so the best course of action is to do nothing, support nothing, and bitch endlessly about it. I might have missed something though.

I do know in my industry (cabinetry for residential construction) when the tariffs hit the Chinese manufacturers in 2018 it made things a hell of a lot better for US based manufacturers of the products we sell. And those products are made with a significant amount of environmental oversight and regulation that the commie Chinese do not abide by. In that instance tariffs seemed to work damn good to me.

 

[jryoung]

I do know in my industry (cabinetry for residential construction) when the tariffs hit the Chinese manufacturers in 2018 it made things a hell of a lot better for US based manufacturers of the products we sell. And those products are made with a significant amount of environmental oversight and regulation that the commie Chinese do not abide by. In that instance tariffs seemed to work damn good to me.

Was the implementation of tariffs enough of a catalyst to allow US manufacturers to improve their products/manufacturing/distribution networks to carry their businesses to the next levels of growth?

 

[VikingsGuy]

Depends on the tariff placed on imported copper.

Kind of serious.

I know we mine copper. But I'm not sure how much we import.

I think we make about half, recycle about 10% and import the other 40% - but probably from Chile, Canada or Australia not China.

 

[noharleyyet]

Was the implementation of tariffs enough of a catalyst to allow US manufacturers to improve their products/manufacturing/distribution networks to carry their businesses to the next levels of growth?

Ther’s not a thing wrong with boots on the ground anecdotal metrics.

 

[D_Walt]

Was the implementation of tariffs enough of a catalyst to allow US manufacturers to improve their products/manufacturing/distribution networks to carry their businesses to the next levels of growth?

There has been a significant amount of investment on the domestic manufacturing side that would not likely have occurred otherwise. Product improvement? Well, that’s in the eye of the beholder. Growth in the industry as a whole is tied to housing sales (and thus interest rates) so that is outside the scope of the tariff effect.

 

[jryoung]

Ther’s not a thing wrong with boots on the ground anecdotal metrics.

Exactly, it's important to try and get a glimpse of how/where tariffs imposes help/hurt industry and are they driving us to a sustainable goal.

Was at a wedding last month, and my friends brother is a fish (primarily lobster) distributor out of Boston. The tariff war was hugely detrimental to him as he did about 25% of his sales to China. He has been able to pivot and recover some of the sales, but not as a whole. He's still a Trump supporter though, and did support the broader tariff war despite it hurting his business.

 

[Sytes]

Another good Reuters article specific to China's fear of Trump's entry.

https://www.reuters.com/world/china/china-announces-policy-measures-boost-trade-amid-worries-over-trump-tariffs-2024-11-21/

The cold economic war will have some pain on America though again, impressive strategic advantage to see even before he steps foot in the Oval Office.

Maybe i should reverse my thoughts over his big mouth.

 

[SAJ-99]

The cold economic war will have some pain on America though again, impressive strategic advantage to see even before he steps foot in the Oval Office.

The EU and every other ally is asking why they are getting pulled into your cold economic war.

 

[Sytes]

Whatever, SAJ...

You remind of my neighbors little dog wanting to hump my leg.

 

[SAJ-99]

Whatever, SAJ...

You remind of my neighbors little dog wanting to hump my leg.

That dog has a better understanding of economics than you.

 

[Sytes]

That dog has a better understanding of economics than you.

Hey @SAJ-99 - little shih Tzu, aka little shit as my neighbor calls his dog:

EU headed for 'economic cold war' with China, Hungary's Orban says​

https://www.reuters.com/world/europe/eu-headed-economic-cold-war-with-china-hungarys-orban-says-2024-10-04/

"BRUSSELS, Oct 4 (Reuters) - The European Union will press ahead with hefty tariffs on China-made electric vehicles, the EU executive said on Friday"

NOTE: This was passed by the EU before our election. The build up from Biden's increased tariffs three months before EU passed their tariffs against China.
Learn your history, SAJ...






Edit:
To quote your post, in the event you continue your tantrum b.s. and delete/edit your words.

The EU and every other ally is asking why they are getting pulled into your cold economic war.

 

[F250]

Kinda funny. As he did during his first term, Trump throws out a statement like, “ I think I’m going to hit certain imports from certain countries with stiff tariffs”. Immediately the Liberal network news talking heads have a complete meltdown down and begin wild speculation. He plays those folks like a fiddle !! And no, I would never want to spend a week in deer camp with him !

 

[VikingsGuy]

And no, I would never want to spend a week in deer camp with him !

But I would take him on a quail hunt with Dick Cheney

 

[VikingsGuy]

Even China is acknowledging that endless bureaucracy is a drag on the people.

https://www.wsj.com/world/china/china-xi-stimulate-growth-busy-work-67bf4b4f?st=w77FZi&reflink=article_copyURL_share

 

[ignorethefringes]

Even China is acknowledging that endless bureaucracy is a drag on the people.

https://www.wsj.com/world/china/china-xi-stimulate-growth-busy-work-67bf4b4f?st=w77FZi&reflink=article_copyURL_share

Agreed. I think a significant majority of people are ready for a return to "normal" where politics weren't quite so bombastic and a part of everyday life. But that wasn't going to happen for the next four years no matter which of the two main candidates on the ballot won.

 

[Sytes]

China is what China does.
Tariff value for U.S. : Reciprocal trade on an equivalent basis protecting national security interests. Pretty simple, IMO.

 

[BigHornRam]

Even China is acknowledging that endless bureaucracy is a drag on the people.

https://www.wsj.com/world/china/china-xi-stimulate-growth-busy-work-67bf4b4f?st=w77FZi&reflink=article_copyURL_share

You are starting to come around VG. If I had to sum up this past election it would be....DC needs an enema. Trump has 4 years to get it done. We will evaluate the results at the end of his term and go from there.

 

[VikingsGuy]

You are starting to come around VG. If I had to sum up this past election it would be....DC needs an enema. Trump has 4 years to get it done. We will evaluate the results at the end of his term and go from there.

The problem is that just having a fire in the belly for change is never enough to make real change in large organizations. I am fine with outside the box outsiders, but they have to be competent with a proven track record of leading real org change. Just being a complete sycophant with a passion for the culture wars but with limited to no experience is not enough. For example, Bondi is a much more rational choice. I may not agree with her, but she has run one of the largest state AG departments in the country.

 

[SAJ-99]

Hey @SAJ-99 - little shih Tzu, aka little shit as my neighbor calls his dog:

EU headed for 'economic cold war' with China, Hungary's Orban says​

https://www.reuters.com/world/europe/eu-headed-economic-cold-war-with-china-hungarys-orban-says-2024-10-04/

"BRUSSELS, Oct 4 (Reuters) - The European Union will press ahead with hefty tariffs on China-made electric vehicles, the EU executive said on Friday"

NOTE: This was passed by the EU before our election. The build up from Biden's increased tariffs three months before EU passed their tariffs against China.
Learn your history, SAJ...



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Edit:
To quote your post, in the event you continue your tantrum b.s. and delete/edit your words.

I don’t think you even read the articles. Orban is leg-humping XI and Trump at the same time. Eventually someone gets jealous. Musk is doing the same, only worse.

Give the dog a break. The owner probably watches Fox so all he sees is leg-humping all day. And he feels he is superior to you. That or he is trying to piss on your Chinese-made boots.

 

[BigHornRam]

The problem is that just having a fire in the belly for change is never enough to make real change in large organizations. I am fine with outside the box outsiders, but they have to be competent with a proven track record of leading real org change. Just being a complete sycophant with a passion for the culture wars but with limited to no experience is not enough. For example, Bondinis a much more rational choice. I may not agree with her, but she has run one of the largest state AG departments in the country.

Excuses smothered in opinion. Trump already had Bondi in the hopper. Like that was the plan all along.