Who will end the tariff war quagmire?

[Mac1958]

His more astute enablers are belatedly accepting the irrefutable, grim reality.

GOP donor Ken Griffin suggested the value of the U.S. dollar has significantly deteriorated compared to the euro in the past month under the thumb of Trump’s latest tariff hike on global trading partners. ​

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Griffin, the founder and CEO of Citadel, said the country “has become 20 percent poorer in four weeks” ...​

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He added that the currency’s deflation amid shifts in economic policy and the president’s latest attack on Federal Reserve Chair Jerome Powell has jeopardized the nation’s pristine reputation.​

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“We put that brand at risk,” Griffin told Chon. “It can be a lifetime to repair the damage that has been done.”​

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The hedge fund manager echoed economists and world leaders who said new tariff measures will produce no winners but instead force all parties involved to “tread water and not drown.”​

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https://thehill.com/homenews/administration/5264996-ken-griffin-gop-donor-value-us-dollar-tariffs/?tbref=hp

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Even scarier for me was the near collapse of our Treasuries. The two pretty much go hand in hand. And we're not out of the woods yet.

If we lose the dollar and Treasuries end up collapsing all the way, it's damn near lights out. I suspect the Fed and/or Commerce will step in and save us from ourselves (again), but this is the dumbest fucking self-inflicted wound I've ever seen.

 

[j-mac]

Even scarier for me was the near collapse of our Treasuries. The two pretty much go hand in hand. And we're not out of the woods yet.

If we lose the dollar and Treasuries end up collapsing all the way, it's damn near lights out. I suspect the Fed and/or Commerce will step in and save us from ourselves (again), but this is the dumbest fucking self-inflicted wound I've ever seen.

How much money, over the years have you made from the US selling out?

 

[kyzr]

His more astute enablers are belatedly accepting the irrefutable, grim reality.

GOP donor Ken Griffin suggested the value of the U.S. dollar has significantly deteriorated compared to the euro in the past month under the thumb of Trump’s latest tariff hike on global trading partners. ​

Griffin, founder and CEO of Citadel, said the country “has become 20 percent poorer in 4-weeks”​

He added that the currency’s deflation amid shifts in economic policy and the president’s latest attack on Federal Reserve Chair Jerome Powell has jeopardized the nation’s pristine reputation.​

“We put that brand at risk,” Griffin told Chon. “It can be a lifetime to repair the damage.”​

The hedge fund manager echoed economists and world leaders who said new tariff measures will produce no winners but instead force all parties involved to “tread water and not drown.”​

1. Look at the $/Euro over time and there is no concern. ken Griffin must be shorting the market, meh.

The stock market dropped, not a big deal. Fair trade with more US manufacturing is more than worth it. Here is the 1-year DOW chart, bouncing up and down, eventually it will keep going up as the US trade deals take effect. It wasn't even a big dip. Definitely not a "grim" outcome.

 

[kyzr]

Even scarier for me was the near collapse of our Treasuries. The two pretty much go hand in hand. And we're not out of the woods yet. If we lose the dollar and Treasuries end up collapsing all the way, it's damn near lights out. I suspect the Fed and/or Commerce will step in and save us from ourselves (again), but this is the dumbest fucking self-inflicted wound I've ever seen.

I agree, but don't conflate tariffs with the Budget Deficit and fiscal mess.

 

[Mac1958]

I agree, but don't conflate tariffs with the Budget Deficit and fiscal mess.

This mini-crash was the result of Japan and China dumping Treasuries and liquidity then drying up. So this particular mess was tariff-driven.

The deficit and fiscal mess is an entirely different fucking disaster.

 

[ThisIsMe]

You type stuff with no proof. How about we wait and see what the new trade deals look like.
America was the "world's bitch" with unfair tariffs dumbass. Trump is fixing that.

I know it's just a tv show, but this scene pretty much hits the nail on the head.

 

[odanny]

Even scarier for me was the near collapse of our Treasuries. The two pretty much go hand in hand. And we're not out of the woods yet.

If we lose the dollar and Treasuries end up collapsing all the way, it's damn near lights out. I suspect the Fed and/or Commerce will step in and save us from ourselves (again), but this is the dumbest fucking self-inflicted wound I've ever seen.

Gen. Kelly is not standing by, ready to save America from an apocalypse this time around. I mean, Trump probably is seeking counsel from Kid Rock, this can not get any more clownish (of course it can, my mistake)

 

[kyzr]

This mini-crash was the result of Japan and China dumping Treasuries and liquidity then drying up. So this particular mess was tariff-driven. The deficit and fiscal mess is an entirely different fucking disaster.

Trump is working hard to fix the many disasters left by his predecessors.
Tariffs look fixable, the fiscal mess worries me a lot more.

 

[kyzr]

I know it's just a tv show, but this scene pretty much hits the nail on the head.

OK, he listed a lot of bad things about the US and then listed a lot of good things. (nice clip!)

I'm not sure if it answered the question about Trump's tariffs? I say fair tariffs are better than unfair tariffs.

 

[Zincwarrior]

The one positive about the tariff situation, is that its possible for the Trump Admin to do what is did in the first admin, repackage the existing trade agreement with a new name, and declare victory. I imagine as the negative impacts really kick on, suddenly this will start happening.

 

[ThisIsMe]

OK, he listed a lot of bad things about the US and then listed a lot of good things. (nice clip!)

I'm not sure if it answered the question about Trump's tariffs? I say fair tariffs are better than unfair tariffs.

I say no tariffs are good. I agree that we need to make all of this fair but I think we also need to get back to making our own stuff again

 

[citygator]

Negotiations are happening as we type.

After 90-days or so when the trade wars are settled and the economies are adjusting to the new trade deals, things should get back to a relative norm. What I'm curious about is how much revenue tariffs will rake in, $600b?, $300b? or not much if tariffs are very low.

What is the goal? Getting rid of tariffs or having higher tariffs?

 

[citygator]

"Tariff war quagmire" is a cool NARRATIVE.
Stopping the rest of the world TARFFING America up the ASS is more like it.

So the goal is to get rid of tariffs? You know that tariffs were in the single digits when Trump 1.0 took office - about 6/7%? He raised them to double digits in his 1.0 term to around 13%. Then he raised them to triple digits in Trump 2.0 to 145%. If the goal is stopping tariffs why did he start them?

 

[citygator]

Trump had to address our trade deficit and our ridiculous trade agreements because, like our current Democrat party, they were unsustainable. Fix them now or melt down within a few years. So it naturally follows that the grownup in the room, the one taking all the heat, is the one that will guide the process to success. I really doubt if there is another person in this country who is capable of taking on what our great President Donald J. Trump is now doing. The future of our free country depends on his success and I'm confident he will be right again.

The China Tariffs and the USMCA were all negotiated by Trump with our 3 biggest trading partners - China, Mexico, Canada. There was no changing done under Biden on any of them. Dont you see how ridiculous your statement is? Do you actually care what is happening or are you just going to wear a fucking cheerleader outfit and blow Donald?

 

[dblack]

China, et. al. will make minor changes in their trade policies and Trump will back down claiming victory.

 

[citygator]

How much money, over the years have you made from the US selling out?

We are at full employment and are the wealthiest nation in the world. Our biggest issue is wealth inequity which the right doesnt care about.... what the fuck is Donald fixing exactly?

 

[SeaMajor7]

So the goal is to get rid of tariffs? You know that tariffs were in the single digits when Trump 1.0 took office - about 6/7%? He raised them to double digits in his 1.0 term to around 13%. Then he raised them to triple digits in Trump 2.0 to 145%. If the goal is stopping tariffs why did he start them?

Who said anything about stopping the tariffs?
Oh, that's YOU.
Projection FAIL.

 

[Zincwarrior]

China, et. al. will make minor changes in their trade policies and Trump will back down claiming victory.

I doubt China will do any such thing. They are a separate case.

You don't have to have the same tariff structures for all countries. Canada and Mexico however will likely do as you say. We already had effectively free trade with them.

 

[citygator]

Who said anything about stopping the tariffs?
Oh, that's YOU.
Projection FAIL.

You did. Did you take your meds today?

 

[Dragonlady]

Depends who you listen to, Chinese media, or US news. Other trade negotiations are proceeding...

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-sees-deals-within-weeks-china-reportedly-eases-chip-levies-191201918.html

On Friday, reports emerged that China quietly rolled back tariffs on some US semiconductors, easing pressure on its tech sector. Bloomberg reported that Beijing is also weighing tariff relief on medical gear and chemicals, lifting hopes for trade de-escalation. In addition, China may exempt US ethane and LPG imports from tariffs if trade talks progress, Goldman Sachs says.

White House says Trump administration has 18 trade proposals 'on paper'

White House press secretary Karoline Leavitt said the Trump administration has "18 proposals on paper" and is "setting the stage" for one with China.

www.foxbusiness.com

White House says Trump administration has 18 trade proposals 'on paper'​

"You have Secretary Bessent, Secretary Lutnick, Ambassador Greer, NEC Director Hassett and Peter Navarro, the entire trade team meeting with 34 countries this week alone," she continued. "We are moving at Trump speed to ensure these deals are made on behalf of the American worker and the American people."

Quite frankly, I don't believe a single thing coming out of the White in regards to trade. Leavitt stands up at that podium and lies with a straight face every single day.

Nothing coming out of Trump's mouth is true, from his lie that gas is now below $2 a gallon, and eggs are both cheap and plentiful, and they're very close to a deal on the Ukraine. If only Zelensky would capitulate.

I don't believe for a second that they have "18 trade proposals 'on paper'". Other governments do not move that quickly. The USMCA Agreement took 2 years to negotiate. No trade delegation would be in a position to reach an agreement this quickly, much less have a written agreement ready for signature.