Tariffs slowed Q2 GDP Growth

[Toro]

Opinion | The Trade-War Growth Slowdown

Tariffs are taxes. Raise taxes and growth slows.

The Trump Administration on Thursday announced another $16 billion in aid to farmers bruised by the President’s trade wars, but Friday’s second-quarter GDP report shows the trade damage isn’t confined to agriculture. Growth dipped to the Obama-era doldrums of 2.1% amid a slowdown in business investment, exports and growth abroad. ...

The big disappointment was private business investment, which subtracted a percentage point from GDP. Much of that was due to falling inventories, but investment slowed across the board including in research and development, and especially building and transportation equipment. Truck orders have fallen as trade flows have slowed, and companies have reported scaling back warehouse construction.

Business investment has been cool since last year’s third quarter when the President revved up his trade brawl with China. Executives have reported delaying investment decisions since they don’t know the impact of his multifront trade war on cross-border supply chains. Foreign investment in the U.S. has been declining with capital flows from China falling 87.9% between 2016 and 2018. ...

According to the Federal Reserve Bank of Boston beige book, manufacturers reported that “tariffs and foreign retaliation had weakened demand for their products” and “investment demand had slowed because firms were delaying capital expenditure plans.” An electronics manufacturer in the Northeast reported moving an assembly line to Germany to avoid U.S. tariffs on Chinese components. ...

​

 

[Marion Morrison]

After a couple decades of getting fucked, the newer, fairer deals will take some time to find equilibrium.

 

[OldLady]

After a couple decades of getting fucked, the newer, fairer deals will take some time to find equilibrium.

Is there any indication of that happening? Now and then I hear a mention of a new round of talks, but nothing ever seems to come out of them. How long do they go on before this fairer world materializes?

 

[Ricky LIbtardo]

Opinion | The Trade-War Growth Slowdown

Tariffs are taxes. Raise taxes and growth slows.

The Trump Administration on Thursday announced another $16 billion in aid to farmers bruised by the President’s trade wars, but Friday’s second-quarter GDP report shows the trade damage isn’t confined to agriculture. Growth dipped to the Obama-era doldrums of 2.1% amid a slowdown in business investment, exports and growth abroad. ...

The big disappointment was private business investment, which subtracted a percentage point from GDP. Much of that was due to falling inventories, but investment slowed across the board including in research and development, and especially building and transportation equipment. Truck orders have fallen as trade flows have slowed, and companies have reported scaling back warehouse construction.

Business investment has been cool since last year’s third quarter when the President revved up his trade brawl with China. Executives have reported delaying investment decisions since they don’t know the impact of his multifront trade war on cross-border supply chains. Foreign investment in the U.S. has been declining with capital flows from China falling 87.9% between 2016 and 2018. ...

According to the Federal Reserve Bank of Boston beige book, manufacturers reported that “tariffs and foreign retaliation had weakened demand for their products” and “investment demand had slowed because firms were delaying capital expenditure plans.” An electronics manufacturer in the Northeast reported moving an assembly line to Germany to avoid U.S. tariffs on Chinese components. ...

​

Toro, just move to China. You'll be much happier there.

Meanwhile, back at the ranch. We have the lowest unemployment rate in decades. We have the lowest black unemployment rate in history. We have the lowest Latino unemployment in history. We have the lowest unemployment for women since WWII. We have the most people working in history. Our economy is the largest in history.

Trump's fault.

 

[Ricky LIbtardo]

After a couple decades of getting fucked, the newer, fairer deals will take some time to find equilibrium.

Is there any indication of that happening? Now and then I hear a mention of a new round of talks, but nothing ever seems to come out of them. How long do they go on before this fairer world materializes?

When China realizes Trump is going to be reelected they will cave and stop ripping us off. The fact is when they were allowed to join the WTO they were allowed to charge tariffs because of their economic disadvantage. Now they are a world powerhouse and they don't need any special treatment.

 

[danielpalos]

Government not Capitalism, solves All problems for the right wing.

 

[Toro]

Opinion | The Trade-War Growth Slowdown

Tariffs are taxes. Raise taxes and growth slows.

The Trump Administration on Thursday announced another $16 billion in aid to farmers bruised by the President’s trade wars, but Friday’s second-quarter GDP report shows the trade damage isn’t confined to agriculture. Growth dipped to the Obama-era doldrums of 2.1% amid a slowdown in business investment, exports and growth abroad. ...

The big disappointment was private business investment, which subtracted a percentage point from GDP. Much of that was due to falling inventories, but investment slowed across the board including in research and development, and especially building and transportation equipment. Truck orders have fallen as trade flows have slowed, and companies have reported scaling back warehouse construction.

Business investment has been cool since last year’s third quarter when the President revved up his trade brawl with China. Executives have reported delaying investment decisions since they don’t know the impact of his multifront trade war on cross-border supply chains. Foreign investment in the U.S. has been declining with capital flows from China falling 87.9% between 2016 and 2018. ...

According to the Federal Reserve Bank of Boston beige book, manufacturers reported that “tariffs and foreign retaliation had weakened demand for their products” and “investment demand had slowed because firms were delaying capital expenditure plans.” An electronics manufacturer in the Northeast reported moving an assembly line to Germany to avoid U.S. tariffs on Chinese components. ...

​

Toro, just move to China. You'll be much happier there.

Meanwhile, back at the ranch. We have the lowest unemployment rate in decades. We have the lowest black unemployment rate in history. We have the lowest Latino unemployment in history. We have the lowest unemployment for women since WWII. We have the most people working in history. Our economy is the largest in history.

Trump's fault.

Like the article said, Trump acts like a Democrat and raises taxes, so you get Democratic-like growth.

When Trump acts like a Republican and cuts taxes, you get Republican-like growth.

But since Trump is your Orange God, you'd probably support him if he raised income taxes to 100%.

 

[Ricky LIbtardo]

Opinion | The Trade-War Growth Slowdown

Tariffs are taxes. Raise taxes and growth slows.

The Trump Administration on Thursday announced another $16 billion in aid to farmers bruised by the President’s trade wars, but Friday’s second-quarter GDP report shows the trade damage isn’t confined to agriculture. Growth dipped to the Obama-era doldrums of 2.1% amid a slowdown in business investment, exports and growth abroad. ...

The big disappointment was private business investment, which subtracted a percentage point from GDP. Much of that was due to falling inventories, but investment slowed across the board including in research and development, and especially building and transportation equipment. Truck orders have fallen as trade flows have slowed, and companies have reported scaling back warehouse construction.

Business investment has been cool since last year’s third quarter when the President revved up his trade brawl with China. Executives have reported delaying investment decisions since they don’t know the impact of his multifront trade war on cross-border supply chains. Foreign investment in the U.S. has been declining with capital flows from China falling 87.9% between 2016 and 2018. ...

According to the Federal Reserve Bank of Boston beige book, manufacturers reported that “tariffs and foreign retaliation had weakened demand for their products” and “investment demand had slowed because firms were delaying capital expenditure plans.” An electronics manufacturer in the Northeast reported moving an assembly line to Germany to avoid U.S. tariffs on Chinese components. ...

​

Toro, just move to China. You'll be much happier there.

Meanwhile, back at the ranch. We have the lowest unemployment rate in decades. We have the lowest black unemployment rate in history. We have the lowest Latino unemployment in history. We have the lowest unemployment for women since WWII. We have the most people working in history. Our economy is the largest in history.

Trump's fault.

Like the article said, Trump acts like a Democrat and raises taxes, so you get Democratic-like growth.

When Trump acts like a Republican and cuts taxes, you get Republican-like growth.

But since Trump is your Orange God, you'd probably support him if he raised income taxes to 100%.

Shallow thinking Socialists who make money from a Capitalist economy won't consider the Fed's raising of interest rates over the course of the last two and a half years. Then try to pin the blame all on tariffs.

Good job, toro. You just proved how shallow your knowledge of the economy really is.

 

[Toro]

You can see the effects of Trump's trade taxes on the business community.

The Daily Shot: U.S. Housing Inventory Lagging Population Growth

The above ISM is a survey of manufacturers. Any reading above 50 means expansion. Any reading below 50 means contraction. You can see that orders are slowing, and future orders are expected to contract. That's because of Trump's tariffs.

The Kansas City Fed region shows manufacturing is already contracting.

The trade deficit in goods is higher under Trump than any other President in history. People who understand economics know why. People who don't understand economics do not know why.

 

[danielpalos]

Opinion | The Trade-War Growth Slowdown

Tariffs are taxes. Raise taxes and growth slows.

The Trump Administration on Thursday announced another $16 billion in aid to farmers bruised by the President’s trade wars, but Friday’s second-quarter GDP report shows the trade damage isn’t confined to agriculture. Growth dipped to the Obama-era doldrums of 2.1% amid a slowdown in business investment, exports and growth abroad. ...

The big disappointment was private business investment, which subtracted a percentage point from GDP. Much of that was due to falling inventories, but investment slowed across the board including in research and development, and especially building and transportation equipment. Truck orders have fallen as trade flows have slowed, and companies have reported scaling back warehouse construction.

Business investment has been cool since last year’s third quarter when the President revved up his trade brawl with China. Executives have reported delaying investment decisions since they don’t know the impact of his multifront trade war on cross-border supply chains. Foreign investment in the U.S. has been declining with capital flows from China falling 87.9% between 2016 and 2018. ...

According to the Federal Reserve Bank of Boston beige book, manufacturers reported that “tariffs and foreign retaliation had weakened demand for their products” and “investment demand had slowed because firms were delaying capital expenditure plans.” An electronics manufacturer in the Northeast reported moving an assembly line to Germany to avoid U.S. tariffs on Chinese components. ...

​

Toro, just move to China. You'll be much happier there.

Meanwhile, back at the ranch. We have the lowest unemployment rate in decades. We have the lowest black unemployment rate in history. We have the lowest Latino unemployment in history. We have the lowest unemployment for women since WWII. We have the most people working in history. Our economy is the largest in history.

Trump's fault.

Like the article said, Trump acts like a Democrat and raises taxes, so you get Democratic-like growth.

When Trump acts like a Republican and cuts taxes, you get Republican-like growth.

But since Trump is your Orange God, you'd probably support him if he raised income taxes to 100%.

Shallow thinking Socialists who make money from a Capitalist economy won't consider the Fed's raising of interest rates over the course of the last two and a half years. Then try to pin the blame all on tariffs.

Good job, toro. You just proved how shallow your knowledge of the economy really is.

why would increasing Costs, not affect market performance?

 

[Toro]

Opinion | The Trade-War Growth Slowdown

Tariffs are taxes. Raise taxes and growth slows.

The Trump Administration on Thursday announced another $16 billion in aid to farmers bruised by the President’s trade wars, but Friday’s second-quarter GDP report shows the trade damage isn’t confined to agriculture. Growth dipped to the Obama-era doldrums of 2.1% amid a slowdown in business investment, exports and growth abroad. ...

The big disappointment was private business investment, which subtracted a percentage point from GDP. Much of that was due to falling inventories, but investment slowed across the board including in research and development, and especially building and transportation equipment. Truck orders have fallen as trade flows have slowed, and companies have reported scaling back warehouse construction.

Business investment has been cool since last year’s third quarter when the President revved up his trade brawl with China. Executives have reported delaying investment decisions since they don’t know the impact of his multifront trade war on cross-border supply chains. Foreign investment in the U.S. has been declining with capital flows from China falling 87.9% between 2016 and 2018. ...

According to the Federal Reserve Bank of Boston beige book, manufacturers reported that “tariffs and foreign retaliation had weakened demand for their products” and “investment demand had slowed because firms were delaying capital expenditure plans.” An electronics manufacturer in the Northeast reported moving an assembly line to Germany to avoid U.S. tariffs on Chinese components. ...

​

Toro, just move to China. You'll be much happier there.

Meanwhile, back at the ranch. We have the lowest unemployment rate in decades. We have the lowest black unemployment rate in history. We have the lowest Latino unemployment in history. We have the lowest unemployment for women since WWII. We have the most people working in history. Our economy is the largest in history.

Trump's fault.

Like the article said, Trump acts like a Democrat and raises taxes, so you get Democratic-like growth.

When Trump acts like a Republican and cuts taxes, you get Republican-like growth.

But since Trump is your Orange God, you'd probably support him if he raised income taxes to 100%.

Shallow thinking Socialists who make money from a Capitalist economy won't consider the Fed's raising of interest rates over the course of the last two and a half years. Then try to pin the blame all on tariffs.

Good job, toro. You just proved how shallow your knowledge of the economy really is.

I know it better than someone living at 10,000 feet with a herd of mountain goats like the Unabomber.

If interest rates was the reason for the slowdown, you'd see it in consumer spending. But you're not.

The cost of interest for companies has barely moved. When companies are specifically saying that trade policy is causing them to delay business spending, that's the reason.

 

[Mikeoxenormous]

After a couple decades of getting fucked, the newer, fairer deals will take some time to find equilibrium.

Is there any indication of that happening? Now and then I hear a mention of a new round of talks, but nothing ever seems to come out of them. How long do they go on before this fairer world materializes?

So far we have more manufacturing in the US than we did with corporations going abroad to escape the Oblummer tax and regulations scam. Now that they are back, you are bitching how unfair it is to other countries? Fuck em..right in the pocket book.

 

[Marion Morrison]

Opinion | The Trade-War Growth Slowdown

Tariffs are taxes. Raise taxes and growth slows.

The Trump Administration on Thursday announced another $16 billion in aid to farmers bruised by the President’s trade wars, but Friday’s second-quarter GDP report shows the trade damage isn’t confined to agriculture. Growth dipped to the Obama-era doldrums of 2.1% amid a slowdown in business investment, exports and growth abroad. ...

The big disappointment was private business investment, which subtracted a percentage point from GDP. Much of that was due to falling inventories, but investment slowed across the board including in research and development, and especially building and transportation equipment. Truck orders have fallen as trade flows have slowed, and companies have reported scaling back warehouse construction.

Business investment has been cool since last year’s third quarter when the President revved up his trade brawl with China. Executives have reported delaying investment decisions since they don’t know the impact of his multifront trade war on cross-border supply chains. Foreign investment in the U.S. has been declining with capital flows from China falling 87.9% between 2016 and 2018. ...

According to the Federal Reserve Bank of Boston beige book, manufacturers reported that “tariffs and foreign retaliation had weakened demand for their products” and “investment demand had slowed because firms were delaying capital expenditure plans.” An electronics manufacturer in the Northeast reported moving an assembly line to Germany to avoid U.S. tariffs on Chinese components. ...

​

Toro, just move to China. You'll be much happier there.

Meanwhile, back at the ranch. We have the lowest unemployment rate in decades. We have the lowest black unemployment rate in history. We have the lowest Latino unemployment in history. We have the lowest unemployment for women since WWII. We have the most people working in history. Our economy is the largest in history.

Trump's fault.

Like the article said, Trump acts like a Democrat and raises taxes, so you get Democratic-like growth.

When Trump acts like a Republican and cuts taxes, you get Republican-like growth.

But since Trump is your Orange God, you'd probably support him if he raised income taxes to 100%.

Shallow thinking Socialists who make money from a Capitalist economy won't consider the Fed's raising of interest rates over the course of the last two and a half years. Then try to pin the blame all on tariffs.

Good job, toro. You just proved how shallow your knowledge of the economy really is.

I know it better than someone living at 10,000 feet with a herd of mountain goats like the Unabomber.

If interest rates was the reason for the slowdown, you'd see it in consumer spending. But you're not.

The cost of interest for companies has barely moved. When companies are specifically saying that trade policy is causing them to delay business spending, that's the reason.

It's gonna take a while to adjust, eh?

 

[harmonica]

should've put tariffs in place DECADES ago
many companies moved manufacturing overseas!!!!!!!!! = booting US jobs
.....this is just common sense--you are a jackass moving your company overseas = you should've gotten a HUGE tariff ass kicking

 

[OldLady]

After a couple decades of getting fucked, the newer, fairer deals will take some time to find equilibrium.

Is there any indication of that happening? Now and then I hear a mention of a new round of talks, but nothing ever seems to come out of them. How long do they go on before this fairer world materializes?

So far we have more manufacturing in the US than we did with corporations going abroad to escape the Oblummer tax and regulations scam. Now that they are back, you are bitching how unfair it is to other countries? Fuck em..right in the pocket book.

you are bitching how unfair it is to other countries?
I am? Coulda fooled me.

I want to see manufacturing come back here. I'm pissed it left. But this OP is about the fact that businesses are stalling growth because of the tariffs. EVERYONE predicted this would happen; it is no big news. The question is whether it will be worth it in the end, and I was just asking if we are beginning to see the positive effects yet.

 

[shockedcanadian]

What about jobs, wage increases, consumer confidence, standard of living?

Anything and everything needed to crush China is fine by me. Decrease interest rates if the economy isn't doing as it should, but don't take the foot off the pedal when dealing with Communist China.

 

[Toro]

It's gonna take a while to adjust, eh?

That's true for any tax, regardless of the reason.

 

[Toro]

So far we have more manufacturing in the US than we did with corporations going abroad to escape the Oblummer tax and regulations scam. Now that they are back, you are bitching how unfair it is to other countries? Fuck em..right in the pocket book.

The peak in manufacturing jobs was under Jimmy Carter.

Today, we have two-thirds the manufacturing jobs under Carter, and the growth in manufacturing jobs under Trump has been about the same as it was under Obama.

Manufacturing is never going to be a significant employer again because many of the jobs can be done by robots.

 

[Marion Morrison]

So far we have more manufacturing in the US than we did with corporations going abroad to escape the Oblummer tax and regulations scam. Now that they are back, you are bitching how unfair it is to other countries? Fuck em..right in the pocket book.

The peak in manufacturing jobs was under Jimmy Carter.

Today, we have two-thirds the manufacturing jobs under Carter, and the growth in manufacturing jobs under Trump has been about the same as it was under Obama.

Manufacturing is never going to be a significant employer again because many of the jobs can be done by robots.

Fuck Jimmy Carter!

SALT talks my ass!

 

[OldLady]

So far we have more manufacturing in the US than we did with corporations going abroad to escape the Oblummer tax and regulations scam. Now that they are back, you are bitching how unfair it is to other countries? Fuck em..right in the pocket book.

The peak in manufacturing jobs was under Jimmy Carter.

Today, we have two-thirds the manufacturing jobs under Carter, and the growth in manufacturing jobs under Trump has been about the same as it was under Obama.

Manufacturing is never going to be a significant employer again because many of the jobs can be done by robots.

Why did so many companies move overseas then if all they had to do was build a few robots? They moved for the cheap labor and if it weren't still cheaper, they would have moved back.