Are you going to purchase at 25% price hike

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James K said:
Tariff wars are the main reason we had the Depression. History does repeat if you don't study it. It took WW2 to pull us out.

"The Great Depression was significantly impacted by the Smoot-Hawley Tariff Act of 1930, which raised tariffs on thousands of imported goods in an attempt to protect American industries. However, this led to retaliatory tariffs from other countries, worsening the economic downturn and contributing to a dramatic decline in international trade."
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There were many more factors that contributed to the Great Depression other than trade wars and tariffs. And the world of trade partners has expanded greatly. America used heavy tariffs when we were a manufacturing giant that won two Worlds Wars. Now we have shipped all of our manufacturing and those jobs overseas, just so we can buy cheap junk from China. We can't even build all of the parts we need for our military equipment in America currently.

America has been taking the short end of the stick concerning our trade deals since the end of World War 2. Why can these other countries tariff American goods, but we can't at least threaten to do the same in order to create a fairer playing field? Canada puts a 200% tariff on American dairy products for one example. Both Canada and Viet Nam have already floated the idea of dropping all of their tariffs on American goods if we do the same for their goods. It has taken a long time for the American economic system to get this messed up. And it will take some time to fix it. The much-needed overhaul of business as usual will of course benefit our children and grandchildren as well.
 
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Jon651 said:
I don't mean to hi-jack the thread, but a 4-cyclinder motor in a full-size pickup truck is just plain wrong! :D
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I know you didn't mean to, but since you did I'll follow you.

Got my XT5 last Fall. It was a custom order with the V6 because I needed a trailer towing package. The car has outstanding power and on a highway trip of about 200 miles I already got as high as 35 mpg. "Normal" overall average is about 25, which includes city (suburb) driving.

During a service visit they gave me an identical car as a loaner, but it had the 4 cyl engine. What a ****** motor. I thought I had gerbils under the hood. If you needed to get out of the way fast and the pavement was wet or snow covered, the turbo would kick in and the wheels would spin. The mileage was within tenths of a MPG of the 6.
 
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James K said:
The problem with that scenario is if the rest of the world works to towards global agreements that cut out the US, we lose.
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. The rest of the world is moving away from the US. BRICS and all the other nations joining it. De-dollarization and replacing the dollar as a reserve currency is going on. The petrodollar agreement didn't get renewed.

James K said:
Globalization isn't going to disappear because of our actions.
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Globalization is disappearing because of our actions. BRICS was formed as a direct result of our actions.

James K said:
If everything we want and need is built here, we won't be able to afford ourselves.
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I would think that you'd want finance, manufacturing, food, pharmaceuticals, fuel, produced here so we aren't at the mercy of other counties.

You don't have to believe me do your own research.
 
SWFan27 said:
The remaining Koch brother is not hard right, and he is very anti-Trump. He is just about Globalism and profits.
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Actually there are still two Koch Brothers alive. Charles and Bill.

Bill is the one who is more liberal but still a business man. I used to work for a guy that went to work for him doing security at his property in Colorado. A big collector of western memorabilia and had an old west town on is property, if I am not mistaken.

Charles is the head of Koch Industries and has been very much involved in politics on the right, along with his late brother, David.

Frederick was the one that pretty much divested himself from the family business and was a huge philanthropist and lived in Manhatten. He also is deceased.
 
Ματθιας;142205009 said:
. The rest of the world is moving away from the US. BRICS and all the other nations joining it. De-dollarization and replacing the dollar as a reserve currency is going on. The petrodollar agreement didn't get renewed.

Globalization is disappearing because of our actions. BRICS was formed as a direct result of our actions.

I would think that you'd want finance, manufacturing, food, pharmaceuticals, fuel, produced here so we aren't at the mercy of other counties.

You don't have to believe me do your own research.
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I would agree that Financial Market dominance is high on the list, certain types of manufacturing that are of strategic importance and pay a reasonably high wage- we don't need to manufacture shoes, clothing, and other cheap goods, food - we produce an abundance of basic food but we are not in a position to grow enough coffee, bananas, other fresh foods out of our growing seasons, etc., certain pharmaceuticals for sure, certainly oil, gas, alternatives power sources, etc.

I mentioned this before: We are 4-5% of global population, 25-30% of global markets, with approximately 4% unemployment. We are not in a position to produce all we consume unless you wish to decrease the standard of living....tariffs are a tax and the American people deserve better than what's been rolled out thus far.......

If we wish to maintain our global dominance, we must be an innovative, dynamic, invest in education, encourage legal immigration, etc. not shut out the rest of the world. Non-strategic tariffs will only hinder advancement....who wants jobs that pay very little?
 
johngalt said:
"I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

― Winston S. Churchill
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UPDATED FRI, APR 4 20255:14 PM EDT

Dow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump's tariff rout deepens:

Stock market today: Live updates
 
Smithjj said:
I would agree that Financial Market dominance is high on the list, certain types of manufacturing that are of strategic importance and pay a reasonably high wage- we don't need to manufacture shoes, clothing, and other cheap goods, food - we produce an abundance of basic food but we are not in a position to grow enough coffee, bananas, other fresh foods out of our growing seasons, etc., certain pharmaceuticals for sure, certainly oil, gas, alternatives power sources, etc.
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We used to manufacture most things and had a high standard of living - did we not? Did we not used to be the bread basket of the world?

I'm pretty sure the 1950s and 60s were the golden age of America - I wasn't alive then, but I've heard stories...

Smithjj said:
I mentioned this before: We are 4-5% of global population, 25-30% of global markets, with approximately 4% unemployment. We are not in a position to produce all we consume unless you wish to decrease the standard of living....
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Who said anything about us consuming everything we produce? I didn't.

Didn't we used to produce and export to the rest of the world?

Smithjj said:
tariffs are a tax and the American people deserve better than what's been rolled out thus far.......
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If tariffs are bad for an economy, why do other countries have tariffs on us?

Smithjj said:
If we wish to maintain our global dominance, we must be an innovative, dynamic, invest in education, encourage legal immigration, etc. not shut out the rest of the world. Non-strategic tariffs will only hinder advancement....who wants jobs that pay very little?
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We are NOT going to be dominant at least in a unipolar world. We are going to be in a multipolar world, with Russia, China, India.
 
ladder13 said:
Curious how you call them hard right when their website says non partisan?
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Well, here's what those libs over at Newsmax said:

"A conservative legal advocacy group filed a lawsuit against the Trump administration on Thursday over emergency tariffs imposed on China.

The New Civil Liberties Alliance (NCLA) filed the legal challenge to President Donald Trump's "unlawful attempt" to impose tariffs on China under the International Emergency Economic Powers Act of 1977 (IEEPA)."

https://www.newsmax.com/finance/streettalk/ncla-lawsuit-trump-administration/2025/04/03/id/1205615/
 
biku324 said:
Well, here's what those libs over at Newsmax said:

"A conservative legal advocacy group filed a lawsuit against the Trump administration on Thursday over emergency tariffs imposed on China.”



In your world Conservative is hard right?
From my catbird seat the NCLA is just following the tactics of the hundreds of hard left groups and MSM masquerading as non partisan.
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Ματθιας;142205046 said:
We used to manufacture most things and had a high standard of living - did we not? Did we not used to be the bread basket of the world?

I'm pretty sure the 1950s and 60s were the golden age of America - I wasn't alive then, but I've heard stories...


Who said anything about us consuming everything we produce? I didn't.

Didn't we used to produce and export to the rest of the world?


If tariffs are bad for an economy, why do other countries have tariffs on us?


We are NOT going to be dominant at least in a unipolar world. We are going to be in a multipolar world, with Russia, China, India.
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I not sure what your measuring sticks are.

As I said, we produce a lot of basic foods, in fact we are a large exporter of agricultural products. We do not produce enough fresh produce, coffee, bananas, etc. items to meet our demand.

I was around in the 1960s and 1970s as a youth and my family has much greater standard of living now verses then....everything from electronics, internet, medical advances, etc., markets today are much more accessible and advanced (at least until this week), greater knowledge, better life expectance, etc. In the 1950s and 1960s the KKK was still running around - Racial inequity, gender discrimination, less equality, etc. It's not really that hard to see how we have advanced since the 1950s and 1960s....but I do realize folks hold on to simpler times...I realize we certainly have problems today....

I mentioned that we cannot produce everything we consume to make a point that imports in many ways increase our standard of living.

Where we have a technologic advantage, superior economies of scale, advanced production capabilities, etc. we still export to the world....

I don't support blanket tariffs like those announced by Trump, heck his tariffs seem to be based off faulty logic....over time tariffs hinder advancement, stifle innovation, add costs, and hinder overall market growth and development, etc.

Russian is a third world country with nukes, oil, and a military that has not stood up to its reputation....not a dynamic economy. China has its own set of problems including large banking and real estate issues - and it is still a centrally controlled economy with the Communist Party leading the way. India is a country with potentially a great future, if they can figure out how to advance beyond where they are today.

A voice from the past from tick tock :)

https://x.com/illegalLuminary/status/1897344048639435057
 
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