Tariffs

[antlerradar]

Please tell me more about the high-quality and forward-thinking design work of the US auto industry from 1975 to 1990.
Our cars got so bad that WWII Marines considered Japanese cars.

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Those big back seats weren't all bad.

 

[Irishman]

I've tried to avoid watching MSNBC, CNN, and FOX NEWS for years now. Out of curiosity I wondered how FOX would be reporting on what happened in the Stock Market over the last two days - figuring that had to be the big news. I looked at the FOX "news" web page a few minutes ago. They had 10 news stories on their Breaking News web page - not one about the stock market crash. Apparently it's breaking news that George Clooney is not happy with someone on MSNBC, and apparently it's breaking news that Joe Biden was declining mentally - but no mention of what a disaster that Trump's Tariffs are causing. Fair and balanced??? I remember the good old days when it was just the major networks reporting the news, when they actually tried to report the actual news, and weren't just spinning you BS 24 hours a day.

 

[Beignet]

I've tried to avoid watching MSNBC, CNN, and FOX NEWS for years now. Out of curiosity I wondered how FOX would be reporting on what happened in the Stock Market over the last two days - figuring that had to be the big news. I looked at the FOX "news" web page a few minutes ago. They had 10 news stories on their Breaking News web page - not one about the stock market crash. Apparently it's breaking news that George Clooney is not happy with someone on MSNBC, and apparently it's breaking news that Joe Biden was declining mentally - but no mention of what a disaster that Trump's Tariffs are causing. Fair and balanced??? I remember the good old days when it was just the major networks reporting the news, when they actually tried to report the actual news, and weren't just spinning you BS 24 hours a day.

Kinda wild how America is living in two different realities at the moment, huh?

 

[grizzly_]

I've tried to avoid watching MSNBC, CNN, and FOX NEWS for years now. Out of curiosity I wondered how FOX would be reporting on what happened in the Stock Market over the last two days - figuring that had to be the big news. I looked at the FOX "news" web page a few minutes ago. They had 10 news stories on their Breaking News web page - not one about the stock market crash. Apparently it's breaking news that George Clooney is not happy with someone on MSNBC, and apparently it's breaking news that Joe Biden was declining mentally - but no mention of what a disaster that Trump's Tariffs are causing. Fair and balanced??? I remember the good old days when it was just the major networks reporting the news, when they actually tried to report the actual news, and weren't just spinning you BS 24 hours a day.

Yep, I've noticed the last few years how they bury all the real news if it's bad for Trump.

Also, notice they dropped the "fair and balanced" moniker off their title. They don't even try anymore.

The other thing you'll notice is instead of reporting the news, they report Trump's response.

When he was convicted in NY, the headline was Trump calling it a fraud and attacking the judge. They didn't even mention the actual conviction in the headline.

Yesterday, the 7th story down was Trump saying the tariffs were going exactly like he planned and the "patient was out of surgery," or something like that. Then the third sub-headline under that was the headline that the stock market had crashed.

I'd bet $100 the average FNC viewer thinks the tariffs are "reciprocal" and doesn't know it's actually the trade deficit divided by two... for some random reason.

 

[grizzly_]

Any spin here? Like forgetting to include the 10% TSLA decline today in their list of declining stocks, or calling people minnows and then recommending buying TSLA

 

[BuzzH]

I'd bet $100 the average FNC viewer thinks the tariffs are "reciprocal" and doesn't know it's actually the trade deficit divided by two... for some random reason.

May have been AI generated:

Did Trump admin use ChatGPT to allocate tariffs? What we know

Critics said that AIs such as ChatGPT gave the same technique used by the White House when asked to design a global tariff policy.

www.newsweek.com

Economist Rohit Krishnan tested the theory on other LLMs [large language models], finding that other flagship AIs produced similar answers, with Grok, Gemini, and Claude all creating the same tariff policy from an initial prompt.

Krishnan said: "This might be the first large-scale application of AI technology to geopolitics. 4o, o3 high, Gemini 2.5 pro, Claude 3.7, Grok all give the same answer to the question on how to impose tariffs easily."

 

[ismith]

I just wish Elon would have made all the wind turbines and solar panels. Happy to see he cured climate change though.

 

[Sytes]

Reminder guys:

Please don't make this a political pissing war. I'm wondering what impact any of the tariffs have had on you. I figured that based on our lifestyle and stage in life that the impact would be minimal. It's not a major impact but our propane bill went up by over $0.50 per gallon. The price has been pretty stable for years hovering around $2.35-$2.40 . This last fill was $2.97. I understand that most propane comes from Canada.

 

[406dn]

Reminder guys:

Yesterday, we made a Costco run, and they were busy, like always. We played the commodity market and purchased a decent amount of coffee beans. I don't see too much downside, with a decent upside.

Otherwise, any thread on any subject, takes on twists and turns, after ten pages of comments. So, your post is only the latest.

Maybe most can agree that after the tariff announcement, Trump owns it...whether good or bad. I think I know how he will play it, accepting any blame is not his strong suit.

 

[longbow51]

Please tell me more about the high-quality and forward-thinking design work of the US auto industry from 1975 to 1990.
Our cars got so bad that WWII Marines considered Japanese cars.

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Oh, you're correct for sure; that was not my implication, and I'm sorry if that's what you inferred. It was that Deming gave them a chance to embrace quality in both design and quality and they rejected it.

 

[Forkyfinder]

 

[Redmt]

Reminder guys:

I thought it would be much more educational to see exactly how the tariff would effect real people. Most of us here are real people with a few exceptions. We all know how this all came about, and who done what. There's no sense doing the party bashing. Personally I have learned quite a bit about how it all works.

 

[Nick87]

Man, she was a lot more coherent back then.

 

[Bonasababy]

Yep, I've noticed the last few years how they bury all the real news if it's bad for Trump.

Also, notice they dropped the "fair and balanced" moniker off their title. They don't even try anymore.

The other thing you'll notice is instead of reporting the news, they report Trump's response.

When he was convicted in NY, the headline was Trump calling it a fraud and attacking the judge. They didn't even mention the actual conviction in the headline.

Yesterday, the 7th story down was Trump saying the tariffs were going exactly like he planned and the "patient was out of surgery," or something like that. Then the third sub-headline under that was the headline that the stock market had crashed.

I'd bet $100 the average FNC viewer thinks the tariffs are "reciprocal" and doesn't know it's actually the trade deficit divided by two... for some random reason.

In the list of whats wrong in this country that and other "news" sources are near the very top. Orwell was prescient.

The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

 

[Bonasababy]

Man, she was a lot more coherent back then.

The "gotcha" hand selected snippets start to ring hollow when you get close to needing both hands to count the TRILLIONS of dollars of loss.

Did you see the video from republicans against trump that was posted?

Video clip after clip of well known republicans--Gabbert, Rubio, Cruz, and more--many of whom are key Trump cabinet members now--bashing tariffs. Back when Biden or others were president, or when they were running for office.

What I suspect you and know many others just don't understand is that tariffs always lead to increased prices, but they aren't always so bad--BUT only if carefully handled and targeted. You think the issue is tariffs are bad versus good and go looking for "gotcha" clips--ain't that simple.

But is is pretty simple to see what is currently being implemented is bad. And it's easy to hear it too--if only MAGA fans would listen to the groundswell of economists and financial leaders expressing alarm and questioning the intelligence behind the ones Trump has imposed.

 

[brymoore]

@grizzly_

I get my news from WSJ, Market Watch or I’ll scan the Drudge Report for headlines. I get around 3 industry economic reports a morning I scan too. I don’t watch any news.

I was surprised at the Foxnews headlines when I reviewed the site. I’m guessing CNN might be the same in the other direction.

My mother is a diehard Foxnews watcher. Any other news source is propaganda.

I asked her today if she’s been watching Foxnews this week. Yes she has. Do you know the stock market is crashing? No. She asked what happened…

I sent her a Market Watch article.

 

[Sytes]

The "gotcha" hand selected snippets start to ring hollow when you get close to needing both hands to count the TRILLIONS of dollars of loss.

Did you see the video from republicans against trump that was posted?

Video clip after clip of well known republicans--Gabbert, Rubio, Cruz, and more--many of whom are key Trump cabinet members now--bashing tariffs. Back when Biden or others were president, or when they were running for office.

What I suspect you and know many others just don't understand is that tariffs always lead to increased prices, but they aren't always so bad--BUT only if carefully handled and targeted. You think the issue is tariffs are bad versus good and go looking for "gotcha" clips--ain't that simple.

But is is pretty simple to see what is currently being implemented is bad. And it's easy to hear it too--if only MAGA fans would listen to the groundswell of economists and financial leaders expressing alarm and questioning the intelligence behind the ones Trump has imposed.

Excluding your political rant in a thread that specifically requests political bs stay out of this thread, do you believe in three years your funds will exceed current market value?
If so, GREAT! Sounds as though your portfolio will gain some quality companies at good pricing!
If you think our economy is doomed, I have $500 waiting for your $250 investment... 200% increase!
It's free money.