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  • #1
    Dow drops more than 500 points on news of Trump’s steel tariffs.

    https://www.washingtonpost.com/news/...=.e74af3e470b7
    "I guess I just hate the fact there is public property at all." - Mr. Raceboy.

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    • #2
      When the market's up, he takes credit...

      Pete (hears a whole lotta nothing now)

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      • #3
        How about innovate from within. An idea, on maybe something neat to do in this country. Especially if you want to compete, in the "free market". You know. Rather then pissing off the markets.

        Then again that's a long term investment where our current president, couldn't look at the stock ticker, and claim to be the greatest.
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        • #4
          I know this isn't sexy for y'all, because it's not really a Republican v. Democrat issue and there's nothing to froth at the mouth over and curse the other side...

          ...but this is actually the single most significant thing that Trump has done since he declared he was running for President.

          Seriously. It even trumps the tax cuts, so to speak. This is going to be world-changing.

          Pete (thinks we've gotten used to mostly free trade worldwide and this is going to screw it up)

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          • #5
            Trump has talked about protectionism for American companies. And the GOP is all rah rah about it. Mostly because they don't see the ramifications from such a move

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            • #6
              Originally posted by Jeff92se View Post
              Trump has talked about protectionism for American companies. And the GOP is all rah rah about it. Mostly because they don't see the ramifications from such a move
              Tariffs and trade restrictions are usually a Democratic platform. Bill Clinton mucked that up a bit with NAFTA, and now the GOP has gotten confused by Trump's success, but politically at least the Democrats should support this tariff and the Republicans should not.

              Pete (thinks nobody knows what the hell is going on any more)

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              • #7
                I haven't dug too deeply into this but I've not seen republicans being that against tariffs / protectionism when it appears to benefit them.

                GOP can't really go against "make American great again" mantra. Or are too scared to.

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                • #8
                  Originally posted by Jeff92se View Post
                  I haven't dug too deeply into this but I've not seen republicans being that against tariffs / protectionism when it appears to benefit them.

                  GOP can't really go against "make American great again" mantra. Or are too scared to.
                  Team play is more important than ideology these days.

                  Pete (points to that graph he posted in the other thread)

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                  • #9
                    Originally posted by Plezercruz View Post
                    I know this isn't sexy for y'all, because it's not really a Republican v. Democrat issue and there's nothing to froth at the mouth over and curse the other side...
                    "I guess I just hate the fact there is public property at all." - Mr. Raceboy.

                    Comment


                    • #10
                      https://www.nytimes.com/2018/03/02/b...ffs-trump.html

                      Nations Threaten Retaliation for Trump’s Steel Tariffs Plan

                      The European Union, Germany, Canada and other nations have threatened retaliation against the United States after President Trump vowed to slap tariffs on steel and aluminum imports. Denunciations flowed in on Friday from governments, lawmakers, metals makers and labor unions.

                      Steffen Seibert, a spokesman for the German chancellor, Angela Merkel, said on Friday that the government “rejects” the tariffs, adding that such measures could lead to a global trade war, which “can’t be in anyone’s interest.”
                      Pete (knows it's in at last one person's interest)

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                      • #11
                        It appears Trump just latched onto some percentages that a reporter shouted out to him.
                        "I guess I just hate the fact there is public property at all." - Mr. Raceboy.

                        Comment


                        • #12
                          https://www.yahoo.com/news/trump-ord...--finance.html

                          Early Friday, Trump took to Twitter to defend himself: "When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big. It's easy!"

                          He later tweeted: "Our steel industry is in bad shape. IF YOU DON'T HAVE STEEL, YOU DON'T HAVE A COUNTRY!"
                          Does Trump not have someone on his staff that has taken an Econ 101 class?

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                          • #13
                            Carl Icahn denies he knew about tariffs before selling Manitowoc stock

                            http://money.cnn.com/2018/03/07/inve...ump/index.html
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                            • #14
                              Originally posted by Jeff92se View Post
                              https://www.yahoo.com/news/trump-ord...--finance.html



                              Does Trump not have someone on his staff that has taken an Econ 101 class?
                              I'm pretty sure he doesn't have anybody on his staff who knows much of anything beyond, "Yep, that's right Mr. President!"
                              "Whenever you find yourself on the side of the majority, it is time to pause and reflect." –Mark Twain

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                              • #15
                                Originally posted by Plezercruz View Post
                                I know this isn't sexy for y'all, because it's not really a Republican v. Democrat issue and there's nothing to froth at the mouth over and curse the other side...

                                ...but this is actually the single most significant thing that Trump has done since he declared he was running for President.

                                Seriously. It even trumps the tax cuts, so to speak. This is going to be world-changing.

                                Pete (thinks we've gotten used to mostly free trade worldwide and this is going to screw it up)
                                Originally posted by Plezercruz View Post
                                Tariffs and trade restrictions are usually a Democratic platform. Bill Clinton mucked that up a bit with NAFTA, and now the GOP has gotten confused by Trump's success, but politically at least the Democrats should support this tariff and the Republicans should not.

                                Pete (thinks nobody knows what the hell is going on any more)
                                Hillary Clinton ran on a platform of protectionism. Now, that said, she's more of a traditional politician and could have been largely lying. I have to wonder if she'd have made moves as bad as this even with her protectionist talk during the campaign.

                                Clinton suddenly sounds a lot like Trump on trade

                                Hillary Clinton’s Protectionist Promises Would Do Serious Economic Damage

                                Protectionism Was Costly in the Past, And The Future Won't Be Any Different

                                I'm for defending all rights for everyone.

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