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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Tariffs

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Comments

  • Sven said:

    The goalpost just got moved to August 2nd from July 9th. So much wins if so many deals are being made! Where is BS1000?

    Somewhere telling people that predictions are not always correct? Believing that is the response to everything? The economic equivalent of fiddling while Rome burns?

  • larryB said:

    At LarryB. Your 12:11 pm post about the TACO trade is already outdated.

    Hahaha.

  • rforno said:

    Tomorrow’s tweet tonight: “Who the hell is this ‘court?’ Has anybody ever heard of them? Why are they rolling out these fake decision decisions that never should be allowed? It’s a disaster for our country and needs to be fixed IMMEDIATELY. Thank you for your attention to this matter!”

    Not enough upper case shouting in your post - for future reference. You did hit on how the wealthiest nation in the world is being victimized once again, though. So overall an A+.

  • @mona - excellent. Really well presented.

  • edited 9:56AM
    Sven said:

    The goalpost just got moved to August 2nd from July 9th. So much wins if so many deals are being made! Where is BS1000?

    Did you think the resolution would be quick? Only if you are naive. It's a process that will take months-years; after all, changing the world takes time.
    Any time we get more, it's a win; it doesn't matter if it's 5% or 20%.

    Just like Amazon and Apple. If you want to sell your products on their widely used platforms, you pay something. The US markets are similar.
  • FD1000 said:

    Any time we get more, it's a win; it doesn't matter if it's 5% or 20%.

    If you truly do "get more", that is a win, but it's not that simple, of course. Get more from whom; who's footing the bill? What did, or does, it cost elsewhere? Did the gain accrue to something worthwhile, or did we simply cut something we didn't want in order to buy something else we wanted? What's the net goal? Again, I'm at a loss to see how 'we the people' have actually gained anything!?
  • Just to be clear it's never about 'we the people' getting anything but filched and/or outright robbed by the current administration. It's all about making sure that those who have keep getting even more.
  • And it goes way beyond that. For instance, corporate execs and corporate boards are making decisions that benefit themselves, as shareholders, board members or to secure their jobs.

    And all administrations are some degree of self-serving. It comes down to the degree of ego and greed. This administration being possibly the worst ever.

    FD1000 said:

    Any time we get more, it's a win; it doesn't matter if it's 5% or 20%.

    If you truly do "get more", that is a win, but it's not that simple, of course. Get more from whom; who's footing the bill? What did, or does, it cost elsewhere? Did the gain accrue to something worthwhile, or did we simply cut something we didn't want in order to buy something else we wanted? What's the net goal? Again, I'm at a loss to see how 'we the people' have actually gained anything!?
    And this! Isn't that the truth! A $37 trillion dollar deficit hanging over people's kid's heads. And a tax bill that adds to it significantly. A likely scenario where ignoring climate change, ruins things for everyone's grandchildren.

    And people exclaim, "I got a nickel", thinking that they are "winning". Best to pretend that the deficit never comes due. Or that 3 decades of solid science is simply a "liberal myth".



  • edited 3:05PM
    The S. Korea and Japan threats are total idiocy: the tariff beatings with continue ...
    These tariffs are going to hurt South Korea and Japan, although they’ll hurt U.S. consumers even more. So why didn’t Korean and Japanese negotiators make big enough concessions to satisfy Trump?

    Because there was nothing for them to concede. South Korea has had a free trade agreement with the United States since 2012, so most U.S. exports to Korea face zero tariffs. Japan, like other wealthy nations, has very low tariffs on most goods. Neither country, then, was in a position to offer big tariff reductions, because their tariffs were already minimal.
    And read on: there's plenty more stupid Trump crap to ridicule.

    Note also the illiterate letter and the entertaining Steely Dan musical coda.
  • edited 4:44PM
    Copper and pharma tariffs. Damn, I wish that the CEO of a large company I worked for previous, was as smart as this DUDE, in the business world.
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