Stock Market

[SilentStalkr]

Not sure where you get your stats, but you are WAY off.

https://www.statista.com/statistics/258779/us-exports-as-a-percentage-of-gdp/

The people that are getting screwed by tariffs are the farmers, ranchers, miners, etc.

That’s for all exported goods. What I meant to say was in reference to the same type of goods he was putting tariffs on for Mexico and Canada. Regardless, my main point still stands. Nobody wants to get into a trade war with the US. You simply will not/cannot win. All exports for us is a mere 11%. Canadas and Mexicos is at least 3x that for their gdp which is not even a sliver of our overall GDP. Who do you think could hold out longer on any trade war? That’s my main point.

Canadas entire GDP is like $2.7 trillion, Mexico’s is even worse than that. Nobody else is even close. You can’t compete with that. This year the US GDP is slated to be over $30-$31T. China can’t even touch that as they are nearly half. So all these other countries can talk a big game but without the American consumer purchasing their stuff, most of them wouldn’t have an economy at all. So, they can beat their chest all they want but they don’t want a trade war with us and they know that. It’s akin to teenagers letting off some steam.

 

[Malum Prohibitum]

Regardless, my main point still stands. Nobody wants to get into a trade war with the US. You simply will not/cannot win.

Nobody wants to get into trench warfare for four years, either, but wars happen. Trade wars happen, too, even if nobody "wants" to get into them.

 

[AZLong]

That’s for all exported goods. What I meant to say was in reference to the same type of goods he was putting tariffs on for Mexico and Canada. Regardless, my main point still stands. Nobody wants to get into a trade war with the US.

Nobody (with a lick of sense) wants to get into a trade war with anyone

You simply will not/cannot win. All exports for us is a mere 11%. Canadas and Mexicos is at least 3x that for their gdp which is not even a sliver of our overall GDP. Who do you think could hold out longer on any trade war? That’s my main point.

Holding out depends on what changes can be made. For instance, much of Mexico's imports to the US is agriculture, a lot of which is sent to Canada. Canada can simply choose to import directly via ship instead of through US over land, and visa versa. Adjustments will be made, and the consumer in all countries are the losers. Every time.

Canadas entire GDP is like $2.7 trillion, Mexico’s is even worse than that. Nobody else is even close. You can’t compete with that. This year the US GDP is slated to be over $30-$31T. China can’t even touch that as they are nearly half. So all these other countries can talk a big game but without the American consumer purchasing their stuff, most of them wouldn’t have an economy at all. So, they can beat their chest all they want but they don’t want a trade war with us and they know that. It’s akin to teenagers letting off some steam.

Again, nobody wins a trade war. Donny will realize this sooner or later. For our 401K sake, I hope it is sooner

 

[HarryBC]

Trump is not pursuing a trade war, he states parity with trading partners is his goal. He also speaks fondly of a time of great prosperity in the past US, a time with no Federal income tax, and budget surpluses, financed by tariffs( before 1900). He desires to minimize Federal income tax or eliminate entirely....speaks of short term pain leading to great prosperity. I have no idea how this will work out over time, but something has to change, current paths of Federal spending, deficits, etc are unsustainable..... my sympathies to those who want to maintain the status quo....

 

[SilentStalkr]

Trump is not pursuing a trade war, he states parity with trading partners is his goal. He also speaks fondly of a time of great prosperity in the past US, a time with no Federal income tax, and budget surpluses, financed by tariffs( before 1900). He desires to minimize Federal income tax or eliminate entirely....speaks of short term pain leading to great prosperity. I have no idea how this will work out over time, but something has to change, current paths of Federal spending, deficits, etc are unsustainable..... my sympathies to those who want to maintain the status quo....

Agreed!

 

[SilentStalkr]

Nobody wants to get into trench warfare for four years, either, but wars happen. Trade wars happen, too, even if nobody "wants" to get into them.

Hey, there is some crazy mofos out there. Granted, it’s generally politicians or people that have never exp anything or themselves.