Trump tariff thread

[pat]

Just now, Starkiller said:

If manufacturing returns it will largely be done by machines

Manufacturing is done by workers using machines bought by capital.

 

Those machines were built by workers using machines bought by capital.

 

All the way down to dirt in the ground.  Always has, always will be.

[ctm]

TDS has spread to the Wall St. Journal.

 

The Wall Street Journal has called for legal action to block President Donald Trump’s tariffs on Canada and Mexico, arguing they require Congressional approval. The editorial board criticized the tariffs as overreach under the 1977 International Emergency Economic Powers Act (IEEPA).

The Wall Street Journal editorial board wrote, “He’s treating the North American economy as a personal plaything, as markets gyrate with each presidential whim.” They added, “It’s doubtful Mr. Trump even has the power to impose these tariffs, and we hope his afflatus gets a legal challenge.”

 

https://www.msn.com/en-us/news/politics/presidential-whim-wsj-calls-for-legal-action-against-trump/ar-AA1BuVdm?ocid=msedgntp&pc=HCTS&cvid=627f44cef1424ff6a96d260f6e966e02&ei=16

[chef]

12 hours ago, ctm said:

TDS has spread to the Wall St. Journal.

 

The Wall Street Journal has called for legal action to block President Donald Trump’s tariffs on Canada and Mexico, arguing they require Congressional approval. The editorial board criticized the tariffs as overreach under the 1977 International Emergency Economic Powers Act (IEEPA).

The Wall Street Journal editorial board wrote, “He’s treating the North American economy as a personal plaything, as markets gyrate with each presidential whim.” They added, “It’s doubtful Mr. Trump even has the power to impose these tariffs, and we hope his afflatus gets a legal challenge.”

 

https://www.msn.com/en-us/news/politics/presidential-whim-wsj-calls-for-legal-action-against-trump/ar-AA1BuVdm?ocid=msedgntp&pc=HCTS&cvid=627f44cef1424ff6a96d260f6e966e02&ei=16

That damn Rupert Murdoch-owned left wing yellow journalism rag. 

[ChemEngr79]

20 hours ago, Starkiller said:

If manufacturing returns it will largely be done by machines, with as few employees as possible

 

Modern manufacturing requires maybe ~20% of the people compared to 50-80 years ago. It is visually apparent, as the plants I visit from the 1950s or earlier have massive soccer field-sized parking lots (often some have been let go back to grass) due to the historical personnel levels required. 

 

With that said, the jobs left are relatively higher skill and pay well. The ecosystem that grows around these manufacturing jobs also pays well (machines shops, industrial services, etc).

 

We were in the midst of the biggest industrial investment campaign in history (~10x the prior 20 years' rate), which I think will now be in doubt with the current chaos and uncertainty. 

Edited March 24, 2025 by ChemEngr79

[Starkiller]

Another day, another tariff. But this one is a little different. 

 

https://www.cnbc.com/2025/03/24/trump-says-any-country-that-purchases-oil-from-venezuela-will-have-to-pay-25percent-tariff-on-trade-with-us.html

 

President Donald Trump said Monday countries that buy oil and gas from Venezuela will face a 25% tariff on any trade those nations have with the United States.

 

The tariff will take effect on April 2, Trump said in a post on his social media platform Truth Social. The tariffs would primarily impact China, which is the largest oil export market for Venezuela.

[ctm]

China (500K bpd), Spain, Italy and India buy oil from Venezuela.  So anything they export to the US will go up 25% unless something changes.

Edited March 24, 2025 by ctm

[Starkiller]

The thing is… we buy oil from Venezuela. Are we going to tariff ourselves???

 

Seriously though, is Trump’s plan to try to prevent other countries from buying Venezuelan oil so we can get it cheaper? Or is he just trying to hurt Venezuela? I honestly can’t tell. 

[chef]

1 hour ago, Starkiller said:

The thing is… we buy oil from Venezuela. Are we going to tariff ourselves???

 

Seriously though, is Trump’s plan to try to prevent other countries from buying Venezuelan oil so we can get it cheaper? Or is he just trying to hurt Venezuela? I honestly can’t tell. 

 

Yes/yes?

 

And/or encourage people to buy more from the US, Saudis and Russia.

[Starkiller]

Well oil is an internationally traded commodity. Unless there are international sanctions like exist against Iranian oil, it’s going to get sold on the open market. It might just increase oil prices globally. 
 

 

[ChemEngr79]

12 minutes ago, Starkiller said:

Well oil is an internationally traded commodity. Unless there are international sanctions like exist against Iranian oil, it’s going to get sold on the open market. It might just increase oil prices globally. 
 

 

 

And many US plants are more optimized for their heavy crude, so it is dumb lose/lose setup..

[OILERMAN]

8 hours ago, Titandan said:

Trump at work.  Making America Great Again!

Still not tired of winning... 

 

Poor dan... do a little digging

 

These are just verbal commitments, most made before Trump won the election 

[ctm]

Apple plans to ramp up its US hiring and investments. On Monday, the company said it will hire around 20,000 workers and spend over $500 billion in the US over the next four years.

In 2021, several months after former President Biden took office, Apple said it would invest $430 billion domestically over the following five years. 

 

Bloomberg notes today's announcement marks an added $39 billion in spending and an extra 1,000 jobs annually over its previous numbers.

 

https://www.msn.com/en-us/money/other/apple-plans-to-invest-500-billion-in-the-us-over-the-next-four-years/ar-AA1zHfF8

[OILERMAN]

10 minutes ago, Titandan said:

So Apple started making plans before Trump left office in 2021 and reiterated after Trump took office in 2025. Interesting how that works LOL 

I'm sure Trump's tariff threats had nothing to do with it. 

Apple has always innovated and marketed in America (masters of marketing btw).  But their R&D was lackluster for the size of their company and they manufactured the vast majority of their devices in outside of the States. Definitely not an Apple fan but I can get behind creating more jobs in the States for our countrymen and becoming less reliant on China. 

 

Don't deny reality

 

ctm just came off the top rope on your ass

[MadMax]

Poor Товарищ Дэн

[Starkiller]

https://www.cnn.com/2025/03/26/economy/auto-tariffs-announcement/index.html
 

President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war.

 

The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding America’s auto manufacturing prowess. For decades, because of a free trade agreement, automakers have treated Canada, Mexico and the United States as one big country, with no tariffs among them. Although the United States is home to a significant automaking industry, Trump wants to grow it.

 

New tariffs will be applied not just to foreign-made cars but also to car parts, including engines and transmissions. The tariffs on car parts are set to take effect “no later than May 3,” according to the text of the proclamation Trump signed.

 

Parts coming from Canada and Mexico that comply with the United States-Mexico-Canada Agreement (USMCA) will be exempt from the tariffs until US Customs and Border Protections has a system in place to apply tariffs to non-US parts, according to a fact sheet published by the White House on Wednesday.