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Need help understanding Trump tariffs #4308338
04/07/25 11:43 AM
04/07/25 11:43 AM
Joined: Jan 2015
Posts: 2,080
Alabama
canvasback Offline OP
8 point
canvasback  Offline OP
8 point
Joined: Jan 2015
Posts: 2,080
Alabama
Can someone simplify Trump's goal with imposing the tariffs?

Re: Need help understanding Trump tariffs [Re: canvasback] #4308340
04/07/25 11:48 AM
04/07/25 11:48 AM
Joined: Dec 2015
Posts: 1,136
FL
S
SC53 Online content
6 point
SC53  Online Content
6 point
S
Joined: Dec 2015
Posts: 1,136
FL

Re: Need help understanding Trump tariffs [Re: canvasback] #4308341
04/07/25 11:50 AM
04/07/25 11:50 AM
Joined: Dec 2015
Posts: 1,136
FL
S
SC53 Online content
6 point
SC53  Online Content
6 point
S
Joined: Dec 2015
Posts: 1,136
FL
Basically the threat of tariffs makes other countries want to negotiate a better deal.
What we have now not is a deal for the US.

Last edited by SC53; 04/07/25 12:01 PM.
Re: Need help understanding Trump tariffs [Re: canvasback] #4308342
04/07/25 11:50 AM
04/07/25 11:50 AM
Joined: Dec 2013
Posts: 23,158
Lickskillet, AL
Irishguy Offline
a.k.a. Dingle Johnson
Irishguy  Offline
a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 23,158
Lickskillet, AL
They are in place to do one or all of three things:

1. Force countries to play fair. Meaning: Place the same restrictions or lack of restrictions on our country's goods that we place on goods from their country.
2. To encourage countries to invest business infrastructure in the US. Such as some many car companies did in the American South. This is why we have BMW, Mercedes, Toyota, Honda, Nissan, Mazda, etc... building cars here.
3. Sometimes it's to get a country to wake up and quite shipping illegal drugs, goods and people over here. I'm talking places like China & Mexico

I'm no statesman, but that's my understanding of it.

Re: Need help understanding Trump tariffs [Re: canvasback] #4308345
04/07/25 11:53 AM
04/07/25 11:53 AM
Joined: Oct 2006
Posts: 8,314
Montgomery, AL
Hunting-231 Offline
14 point
Hunting-231  Offline
14 point
Joined: Oct 2006
Posts: 8,314
Montgomery, AL
Boost revenue for the US government (import tax) - that is ultimately the end result.

It is probably his hope to move more production to the US and buy “Made in the USA”. He is also banking on a more equitable trade deficit.

At the end of the day - the consumer pays the tax for imported goods, as businesses passes along the increase of cost of goods.


"The struggle you're in today, is developing the strength you need for tomorrow."
Re: Need help understanding Trump tariffs [Re: canvasback] #4308347
04/07/25 11:56 AM
04/07/25 11:56 AM
Joined: Jan 2015
Posts: 2,080
Alabama
canvasback Offline OP
8 point
canvasback  Offline OP
8 point
Joined: Jan 2015
Posts: 2,080
Alabama
So will the market rebound theoretically?

Re: Need help understanding Trump tariffs [Re: canvasback] #4308349
04/07/25 12:00 PM
04/07/25 12:00 PM
Joined: Dec 2015
Posts: 1,136
FL
S
SC53 Online content
6 point
SC53  Online Content
6 point
S
Joined: Dec 2015
Posts: 1,136
FL
Originally Posted by canvasback
So will the market rebound theoretically?

Already starting to rebound

Re: Need help understanding Trump tariffs [Re: canvasback] #4308350
04/07/25 12:03 PM
04/07/25 12:03 PM
Joined: Nov 2005
Posts: 4,932
Alabama
J
jmj120 Online content
12 point
jmj120  Online Content
12 point
J
Joined: Nov 2005
Posts: 4,932
Alabama
Originally Posted by canvasback
So will the market rebound theoretically?

I just heard one guy saying 12 months after bear market typically the market is 29% higher. So we’re down 20% now, so basically a 9% gain.

Re: Need help understanding Trump tariffs [Re: canvasback] #4308353
04/07/25 12:09 PM
04/07/25 12:09 PM
Joined: Feb 2009
Posts: 4,164
Huntsville, Al
Bronco 74 Online content
10 point
Bronco 74  Online Content
10 point
Joined: Feb 2009
Posts: 4,164
Huntsville, Al
Originally Posted by canvasback
So will the market rebound theoretically?

That’s a yes and no question. No we will take a beating in the short term. Yes 6 to 8 months when the companies start showing more profits it’s a win. Do not watch the market everyday. It will drive you crazy. Hey I’m just a dumb country boy. My take.


"We have an opponent in this state that we work every day, 365 days a year, to dominate."
Re: Need help understanding Trump tariffs [Re: canvasback] #4308356
04/07/25 12:11 PM
04/07/25 12:11 PM
Joined: Feb 2003
Posts: 7,135
shelby county
B
buzzard Offline
14 point
buzzard  Offline
14 point
B
Joined: Feb 2003
Posts: 7,135
shelby county
Another affect of the market being down is it will in turn drive the fed to reduce interest rates, it also boost the bond market. The US also has a couple trillion coming due in the next few months. Lower interest rates will allow us to refi on those loans at better rates.
Lots of good "can" come from this.


"Hell with them fellows, buzzard got to eat same as a worm"
Josey Wales

Re: Need help understanding Trump tariffs [Re: buzzard] #4308364
04/07/25 12:29 PM
04/07/25 12:29 PM
Joined: Jul 2011
Posts: 37,832
Boxes Cove
2Dogs Offline
Freak of Nature
2Dogs  Offline
Freak of Nature
Joined: Jul 2011
Posts: 37,832
Boxes Cove
Originally Posted by buzzard
Another affect of the market being down is it will in turn drive the fed to reduce interest rates, it also boost the bond market. The US also has a couple trillion coming due in the next few months. Lower interest rates will allow us to refi on those loans at better rates.
Lots of good "can" come from this.


That's right, there's a lot of pieces to this puzzle. If they all fall into place it will be a beautiful picture. Making the tax cuts permanent and doge doing what doge does are pieces also.



"Why do you ask"?

Always vote the slowest path to socialism.







Re: Need help understanding Trump tariffs [Re: canvasback] #4308368
04/07/25 12:43 PM
04/07/25 12:43 PM
Joined: Apr 2000
Posts: 18,307
Elmore County
Frankie Offline
Old Mossy Horns
Frankie  Offline
Old Mossy Horns
Joined: Apr 2000
Posts: 18,307
Elmore County
I dont see where the fuss is myself. Have any of yall really lost money ?

Re: Need help understanding Trump tariffs [Re: Frankie] #4308381
04/07/25 01:10 PM
04/07/25 01:10 PM
Joined: Aug 2006
Posts: 9,622
Andalusia, Covington County, A...
TexasHuntress Offline
14 point
TexasHuntress  Offline
14 point
Joined: Aug 2006
Posts: 9,622
Andalusia, Covington County, A...
Originally Posted by Frankie
I dont see where the fuss is myself. Have any of yall really lost money ?



From my understanding, one only loses if they sell at a loss. If one can let it ride, it will come back up, unless one bought at an inflated cost in the first place.


If you live to be a hundred, I want to live to be a hundred minus one day, so I never have to live without you.---Winnie the Pooh
Re: Need help understanding Trump tariffs [Re: Frankie] #4308385
04/07/25 01:16 PM
04/07/25 01:16 PM
Joined: Feb 2005
Posts: 26,331
Locust Fork, Alabama
BC Offline
Freak of Nature
BC  Offline
Freak of Nature
Joined: Feb 2005
Posts: 26,331
Locust Fork, Alabama
Originally Posted by Frankie
I dont see where the fuss is myself. Have any of yall really lost money ?


110 thousand so far out of my 401K.


"Some men are mere hunters; others are turkey hunters."

-- Archibald Rutledge
Re: Need help understanding Trump tariffs [Re: canvasback] #4308387
04/07/25 01:20 PM
04/07/25 01:20 PM
Joined: Feb 2003
Posts: 7,135
shelby county
B
buzzard Offline
14 point
buzzard  Offline
14 point
B
Joined: Feb 2003
Posts: 7,135
shelby county
I have taken a hit but it's still better than 2022


"Hell with them fellows, buzzard got to eat same as a worm"
Josey Wales

Re: Need help understanding Trump tariffs [Re: BC] #4308391
04/07/25 01:24 PM
04/07/25 01:24 PM
Joined: Feb 2011
Posts: 11,289
Conecuh county
hallb Offline
Booner
hallb  Offline
Booner
Joined: Feb 2011
Posts: 11,289
Conecuh county
Originally Posted by BC
Originally Posted by Frankie
I dont see where the fuss is myself. Have any of yall really lost money ?


110 thousand so far out of my 401K.


That's not lost money unless you cash it out but even then it may not be a loss...how much money have you "made" from your 401k over the years? I'm still way up if you consider all time.

Re: Need help understanding Trump tariffs [Re: BC] #4308392
04/07/25 01:24 PM
04/07/25 01:24 PM
Joined: Apr 2000
Posts: 18,307
Elmore County
Frankie Offline
Old Mossy Horns
Frankie  Offline
Old Mossy Horns
Joined: Apr 2000
Posts: 18,307
Elmore County
Originally Posted by BC
Originally Posted by Frankie
I dont see where the fuss is myself. Have any of yall really lost money ?


110 thousand so far out of my 401K.





Is that less or lost is a difference . This im trying to understand . You put in $100 it builds to 150 then drops to 125 how is that a lost ?

Re: Need help understanding Trump tariffs [Re: Frankie] #4308394
04/07/25 01:29 PM
04/07/25 01:29 PM
Joined: Nov 2005
Posts: 4,932
Alabama
J
jmj120 Online content
12 point
jmj120  Online Content
12 point
J
Joined: Nov 2005
Posts: 4,932
Alabama
Originally Posted by Frankie
Originally Posted by BC
Originally Posted by Frankie
I dont see where the fuss is myself. Have any of yall really lost money ?


110 thousand so far out of my 401K.





Is that less or lost is a difference . This im trying to understand . You put in $100 it builds to 150 then drops to 125 how is that a lost ?

lol. Because you have 25 dollars less today than you had last Monday. Doesn’t matter if it’s in a bucket or on a computer screen. Everybody’s situation is different. If you’re a younger person and working/contributing to a 401k, this is a gift. If you’re older and getting ready to retire, not so much

Re: Need help understanding Trump tariffs [Re: canvasback] #4308398
04/07/25 01:33 PM
04/07/25 01:33 PM
Joined: Apr 2000
Posts: 18,307
Elmore County
Frankie Offline
Old Mossy Horns
Frankie  Offline
Old Mossy Horns
Joined: Apr 2000
Posts: 18,307
Elmore County
Jmj120 all this mess is wayyyy over my head

Re: Need help understanding Trump tariffs [Re: Frankie] #4308405
04/07/25 01:42 PM
04/07/25 01:42 PM
Joined: Nov 2005
Posts: 4,932
Alabama
J
jmj120 Online content
12 point
jmj120  Online Content
12 point
J
Joined: Nov 2005
Posts: 4,932
Alabama
Originally Posted by Frankie
Jmj120 all this mess is wayyyy over my head

lol. Mine too.

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