This whole post is really just bait to get Catt's, hopefully, fair thoughts. I'm not seeing much good coverage so far of the tariffs. It's all one sided and/or "the end is nigh" garbage to get clicks.
Trump's tariff war has begun. I don't pretend to know much about economics, which is why I always say "Hey Catt", but I do know I want to see where this all goes. Sure, a bunch of people are telling us this will be a disaster, but those same people were telling us the economy was awesome the past four years despite the majority of Americans struggling, record CC debt, a frozen housing market, cars not selling, etc. Oh, and those same people said that "recession" changed its definition. (That last sentence was snark. I know there was more to that discussion, but I like to keep things light.) Those same people also didn't seem to have a problem with the U.S. being the world's sugar daddy despite our unsustainable and growing debt, other countries having tariffs on U.S. goods (why is that ok and not vice versa?), continued pushing DEI despite it being so insanely unpopular that several companies were seeing massive losses, and so on. Point being, it'd be cool if people could remove politics from their economic opinions...
So, you know, grain of salt.
Last I heard him talk about this stuff, he said he was just going to match their tariffs on us. Is that what he did or did he *gasp* not do what he said?
Yeah, prices will rise, but last time I saw news about them, China and Canada's economies weren't in great shape. I have no idea about Mexico's. A trade war can't be high on their list of "wants" at the moment. Interesting that angle doesn't seem to get covered much. After all, it takes two to tango. Seems silly to focus on only one dancer if the other is in a wheelchair. Why does all news seem to imply that the U.S. will lose? I get focusing on the U.S. side by U.S. journalists, but those other countries aren't going to be unscathed, right?
Point being, do you think that's his intention? To wear them out before we wear out?
In related news, are his tariffs working (albeit maybe only to a point?)?
I think we're up to close to $2T being invested here in the states to build manufacturing and all the jobs that would come with it. So far, I've heard Apple, Honda, Clarios, TSMC, OpenAI, Softbank, Oracle, and Steve Madden have all announced investing in manufacturing in the U.S.
Oh, and Saudi Arabia pledged $600B, which...yuck. Listen, I'm all for second chances, but can you maybe stop doing the bad behavior first?
Pfizer also moving manufacturing to U.S.
Are these not welcome developments?