AmeriKKKa

We should just drop the US dollar but you are all a bunch of bitches and like to be whipped by the US (Donald is irrelevant), as long as we keep using dollars to trade with each other and on our reserves we keep enabling them.

i dont think the average person anywhere does

Thats not how that works anon. Getting less competitive doesn't mean collapse it just means your standard of living will be lower relative to other countries.

But multiple years in a total trade deficit is not sustainable,

It is when you can print money and by doing so take wealth not from your citizens but from the whole world, that is including the countries you have deficits with.

The US would not protect global shipping if the dollar stops being the reserve currency. That means other countries would have to take up that responsibility, but none have a functional enough navy to do so, and/or they'd fight amongst each other for naval supremacy. The dollar isn't going anywhere for a LONG time. The only alternative would be the Chinese, but they're still a while away.

But the EU doesn't levy 40% tariffs on US goods for example. The "tariff" number has absolutely NOTHING to do with tariffs.
Also the tariff blanket is retarded where you without context and exceptions (except russia for vladdy daddy) impose tariffs on everyone. Like shit of Banana island exports a lot of banans to the US but don't buy US good for reasons, in case of banana island it is because they are poor tht changes nothing except making bananas more expensive. You won't starting growing banans right in east atlanta, taking jobs back from havana.

People not wanting to eat bleached chicken isn't being unfair or a tariff either because every producer in the domestic market also has to abide by it.
There seems to be very little honest and intellectual thought regarding WHY there is a long term total trade deficit and more just "they must be screwing us over we gotta strongarm them into buying american cars!".

The US does not actually does much to protect global shipping and global shipping isnt under a huge threat.

The cars is apparently a touchy and funny subject regarding the EU because Glompf asks says "Omg they don't buy our cars they fuck us over" but fail to ask why for example japanese cars manage to do very well in european markets but american don't (except ford which does decent), it is an internal failure in a company and not trade barriers that is the core problem.

(except ford which does decent)

Ain't that because they're fully "europeanized" through their hubs in the UK and Germany

First, the reason Russia isn't tariffed is the same reason North Korea and Cuba weren't tariffed, because they are already sanctioned to the point of trade becoming effectively non-existent with the USA. Second, the 40% is indeed very misleading, but the idea was to factor in money and trade the US loses due to overbearing EU regulations and Euro currency manipulation. Now, I don't agree that the EU should be punished for their regulations, that is your own business how you want to regulate your countries, but I just want to make it clear where the number comes from. Third, again the reasons for overall global trade deficit are indeed complex, but an easy short term fix is tariffs, while long term solutions (the reindustrialization currently taking place) comes into effect, because as I mentioned, multiple years of overall trade deficit is not sustainable, so you need to act quickly. Also, I'd just like to make a side point that US agriculture is mostly quite high standard, though there are some low standard corporate farms in certain states. This is evidenced by the fact that the EU imports billions and billions of US agricultural goods.

Nope. Most design and manufacturing still takes place in USA.

Is there any strategy to this move whatsoever, or does Trump (and his staff) genuinely have absolutely no clue what they're doing or the consequences for their actions?

If you look at legitimate economists discussing it online, there absolutely is a goal and strategy behind it. Trumps economic advisors are PhDs and have published multiple papers on the matter. You can agree or disagree with the goals and methods, but it isn't retarded flailing like many try to portray it.

I read legitimate economists and newspapers like the Financial Times and the Economist and everybody is making fun of Trump and calling the Trump's actions an act of self-harm. Are you "legitimate economists" coming from Anon Babble?

He tariffed an uninhabited island.
What do you think?

because they are already sanctioned to the point of trade becoming effectively non-existent with the USA

But what about Iran?

That miran paper was pretty bs. "It won't be bad for consumers because of a strengthening dollar," well a strong dollar hurts your export industries so what is the economic point in the first place

LMAO.
The guy who came up with the 3rd grade math calculation behind these tariffs is an MBA pajeet.
Ironic how MAGAs hate foreigners and complain about jeets ruining their precious jobs etc, and now they have literal fraudster jeets running their show.

"May Allah awaken the people and let them see the evil doings of Israel and the United States", Donald Trump

but the idea was to factor in money and trade the US loses due to overbearing EU regulations and Euro currency manipulation

Yeah that is bullshit. It is a straight up deficit divided by imporrs with a bottom of 10%. Yes they attempted to hide it behind something else but that is EXACTELY down to the decimals what it is.

If you look at legitimate economists discussing it online

I do, they say it's completely retarded

Or those fucking penguin islands with NO HUMAN BEINGS that apparently due to tariffing american fish imports and manipulating their currency of feathers and shiny stone was conducting unfair business practices.

They disagree with it, yes, but my point was that there are goals and logic behind it. It is just a "vibe" based move.

why is america suiciding itself?

It isnt*

Oh, then maybe it changed

They look kinda cute but also dated.
Can't we just have a generic timeless car design?

Ultra narcissist and retard desperately trying to make a legacy

Those penguins, and I like penguins ask anyone they will say I lone penguins the greatest friend of penguins there is, feed them lots of fishes at they zoo. They treat us very badly, they don't buy our cars, they don't buy our fish and boy let me tell you we got great fish, the best fish.

So 10% tariffs it is

We do.

Makes me think of this.

Society collapsing will probably be a netpositive for me im not worried

This. People overvalue the non-sustainable status quo.

Nothing ever happens. Sorry.

Fact. I don't care if the boomer's house value goes down.

A trade deficit will always exist between the US and at least 180 of the world's countries.
First, is population. The US is a lot bigger than most other nations. Even if the US and say, Bulgaria, trade with one another at the exact same rate, there would be a large deficit "in favor" of Bulgaria, because there are just a lot less Bulgarians to buy American stuff.
Second, is the US is far more wealthy than most other nations. A nation like Indonesia might have population parity (or exceeds the US's), but it doesn't have the wealth to actually buy from the US. Instead its goal is to trade its products for wealth in the form of USD. This will result in a trade deficit "in favor" of Indonesia, because they have no ability to buy anything, but have a lot of stuff to sell.

In neither of the above scenarios is the US ever being 'screwed over' by either Bulgaria or Indonesia.
Instead the trade deficits its running with either are rational consequences in the disparity between it and them, either in size or wealth or both.
Acting like this is somehow a 'bad deal' because you don't understand how international trade works at scale, is at a certain point just deliberate ignorance.

Pretending that tariffs aren't just a form of consumption tax is just gauche, too.

This is really good bait.
Good work.

You have terrible reading comprehension. Like I said, I'm talking about NET GLOBAL TRADE DEFICITS, not a trade deficit with one country. If we have a net trade deficit for multiple years, that means we are buying more than we are selling TOTAL which means a NET LOSS of wealth. Again, I'm talking about TOTAL meaning factoring in ALL countries, not just a deficit with one country.

Dumb American positive number good negative number bad, that's just how it works! Trump is simply bringing back jobs in the asbestos mining industry. Are you telling me you hate the working class too?

Please read the paper his advisor published before you just unthinkingly adopt opinions from the internet. Retard.

See: Wild how Europeans are acting like they're more educated and making fun of Trump for being retarded when you all are more ignorant on economic than he is. Continual TOTAL (factoring in all countries not just one) trade deficits year after year are TERRIBLE, and tariffs do indeed fix them in the short term, with long term policy of reindustrialization fixing it long term.

Here, I'll make it REAL simple for you euros. Trade deficit with one country fine. Trade deficit when adding all countries together bad. Tariff fix that quickly. Reindustrialization and new trade deals fix long term.

Unironically what is he thinking? He is running his and world economy into the ground just to make woke libs seethe i guess

I don't care I'm just glad wall street is crashing and burning. Hearing americans cry when their 401k gets wiped is like music to my ears.

I just explained how that net loss is derived from individually fair trades.
They don't start becoming unfair when you add them together.
The US had a lot of wealth. That wealth is created through fiat printing and has no intrinsic value except as a commodity to give to others for goods and services.
Exchanging this fake fiat money for real stuff is literally the best deal imaginable for a nation. And in giving these countries fake fiat money that we conjured out of thin air, that fake fiat money literally becomes more valuable to the world for it and becomes more stable in value every time it happens.
Literally you're getting the best fucking deal you could ever imagine at every step and you don't even know enough about the situation to realize it.

What the hell does it matter if we 'lose wealth' to Indonesia, when what we get are hard to farm agricultural products we can use in cosmetics, or food, or industry?
Literally, that is the point of trade. Giving someone currency, for a product that is valuable.

Tell me what valuable stuff was in that paper that excuses fabricating two constants like that to make an equation look more complex for dullards and plebs.
Summarize it for me.

It's an animal with a long neck that eats tree leaves

It obviously doesn't work because everyone just responds with tariffs

I'm going to pass out now, but if any of this isn't obvious to you, you really need to put more thought into this problem, because you're actively supporting deleterious policies for zero real gain.

Tariffs will work. I'm 100% certain about it, I trust in Trump

What will tagiffs against sweatshop countries achieve in terms of trade deficit? People buying american? I am doubtful, or is he hoping for sweatshop jobs to return? Hardly productive.

Such a broad blanket use of tariffs and preposterous way or working them out coupled with the lies (sure he is a habitual liar but that doesnt mean one should ignore or excuse those lies) does not speak for this being a well thought out idea with a coherent plan behind it.

This is retard understanding of the economy

Glampf just stop this foolishness we seek normal and productive trade relations like we had before

OMG THEY ALL COME CRAWLING AND BEGGING : D

Europe can follow argentinian example, or a commie one

Glampf just stop this foolishness we seek normal and productive trade relations like we had before

Before

See . Countries are removing their tariffs. So how is this just like before? It's BETTER for america, actually.

All i see so far is Americans crying about their invested savings

Didn't he scam his country with crypto?

This is literally the general economic consensus of the world. Every economist will tell you this. Trade deficits with one country are fine. Net trade deficits are a year or two aren't great, but fine. Chronic net trade deficits are terrible. You don't know what you are talking about. Sweden and every other country follow this belief.

Unironically buy the dip. Also a 5% correction after a huge bull run is completely normal.

Troon comment

The US is not Sweden or like any other country for that matter.
I don't know why americans are so jeen on destroying their privileged economic position and glibal influence to bring back thirdie jobs.

Dude. It's not an opinion. The global economic consensus that EVERY country's economic advisors will you is that if you have continual net trade deficits, that is a serious problem. If France has a net trade deficit with the world, it would take steps to fix it.

They're literally saying the opposite

Who is? Show me a respected economist who says that if you a total trade deficit, when you add up your trade will all countries, for multiple years in a row it isn't a problem. Again, I'm not talking about deficits with one country.

The actions taken are retarded as is the methodology.

Dude. It's not an opinion

Indeed it isn't.

The global economic consensus that EVERY country's economic advisors will you is that if you have continual net trade deficits, that is a serious problem

Ok, post 1 (one) economist who says this about the US.

If France has a net trade deficit with the world, it would take steps to fix it.

Yes, because France is not the US.

Yes, the methodology is dumb but the actions are not (necessarily). Also I noticed you couldn't answer my question.

Tariffs are bad!

20% VAT is good!

It’s honestly pathetic watching Europeans try to tell Americans how to run their country. You lazy fucks get taxed like hell and have no existent military to play geopolitics. The global order is shifting away from the status quo, and you're just gonna have to deal with it.

You question was based on a faulty premise and a straight up strawman. I will not dignify it with a response.

Relying on the US reserve currency to sustain net trade deficits is a terrible policy, especially during periods of high inflation like we've had the past few years.

Is this some new shill talking point? Or just a personal shitfling of yours pedo-boy?

>Tariffs are bad!

20% VAT is good!

It’s honestly pathetic watching Europeans try to tell Americans how to run their country. You lazy fucks get taxed like hell and have no existent military to play geopolitics. The global order is shifting away from the status quo, and you're just gonna have to deal with it.

This is what I'm saying all the time. I doubt they even knew they were taxxed this highly. Idiots.

We're tariffing you 26% you should hate us. Though I suppose you have near monopolies on a lot of good tech so sales probably won't change much on them.

Where is this global consensus?

Yea dude, trump and CIA are paying us to make Europe look worse and america look better, thats 100% the truth, I am paid by CIA and trump

Even greatest ally Israel had to drop their tariffs after Trump slapped them with a 17% one. Goes to show no one gets a free pass.

We're tariffing you 26% you should hate us

You're tariffing our stupid woke socialist governments. In fact, I want you to tariff more. Fuck our governments, destroy them, unleash hell on em.༼つ◕‿◕༽つ

who cares what you think? south korea wont exist in 50 years anymore.

(｡‿｡)(◜‿◝)

ಠ︵ಠ