When our companies have to pay tariffs to sell their goods to other countries isn't that just a form of extortion?

[Scouts Honor]

5 hours ago, scourge165 said:

Your hopes would be dashed as he has said he won't.

In fact, when Biden signed the Chip act and Taiwan Semiconductor agreed to build 3 new Fabs in the US in what is...going to be at the heart of the next industrial revolution, AI, Biden provided 6.5B dollars to get TSM to spend 65B dollars here.

Trump has trashed that deal.

The Chips Act and it's one of the most successful pieces of legislation in the past 10-20 years. 

that was a bad move on his part.

I was hoping it would work out for us.

[Scouts Honor]

5 hours ago, Paul158 said:

I just read where they (TSM) want to invest another 100 billion dollars for new (5) FABs here in America. Dated March 3,2025

i hadn't heard this... this is good news

[Scouts Honor]

2 hours ago, uncle bernard said:

You should have voted for Bernie Sanders if you wanted this.

bernie wants to give companies incentives?

i wouldn't think that to be true

[Scouts Honor]

as long as no one panics... there won't be a panic

[Scouts Honor]

it sounds like there is some shenanigans going on to make some money

[scourge165]

9 minutes ago, Scouts Honor said:

that was a bad move on his part.

I was hoping it would work out for us.

I'm not sure what you're talking about?

Trump only verbally trashed the Chip Act and the Chips Act has been...wildly successful. 

I guess you could say he's trashing it now though. 

[scourge165]

6 minutes ago, Scouts Honor said:

it sounds like there is some shenanigans going on to make some money

That'd be a best case scenario at this point. They try and push the market down, try and get the interest rates down another 50 basis points and this turns out to be a much larger version of 2018.

Doesn't seem likely. 

 

I don't know how they "negotiate" deals when A-They said they weren't going to and B-They just made up what other Countries charge us. They did nothing more than calculate the trade deficit, then say they would need tariffs at this rate in order to not have a trade deficit. 

Of course...it's hard to be the largest GDP in the world and not have trade deficits. 

[Paul158]

28 minutes ago, scourge165 said:

That'd be a best case scenario at this point. They try and push the market down, try and get the interest rates down another 50 basis points and this turns out to be a much larger version of 2018.

Doesn't seem likely. 

 

I don't know how they "negotiate" deals when A-They said they weren't going to and B-They just made up what other Countries charge us. They did nothing more than calculate the trade deficit, then say they would need tariffs at this rate in order to not have a trade deficit. 

Of course...it's hard to be the largest GDP in the world and not have trade deficits. 

I was wondering if you have a 401K? How has it been doing since January of this year?

[Paul158]

47 minutes ago, Scouts Honor said:

it sounds like there is some shenanigans going on to make some money

I was wondering if you have a 401k. How is it doing since January until now. I hadn't looked at mine since January and it is up 3 percent as of yesterday. I was surprised. 

[scourge165]

3 hours ago, Paul158 said:

I was wondering if you have a 401K? How has it been doing since January of this year?

I'm not really worried about my Roth as it's not what I plan on being my primary retirement. I can't touch that until I'm almost 60 but that's down...just shy of 6 figures.

It's my own  brokerage fund that's gone to hell. The Russell is down over 20%, the SPX is down ~900 points...

 

But AGAIN, as I said, I went to mostly cash in Late January or I'd be down a LOT more in my own accounts. I STILL don't think it's a great thing to watch the Economy get hammered or to see the market crash 20% from VERY recent All-Time Highs exclusively because of Trump's nonsensical tariffs. 

[scourge165]

3 hours ago, Paul158 said:

I was wondering if you have a 401k. How is it doing since January until now. I hadn't looked at mine since January and it is up 3 percent as of yesterday. I was surprised. 

Yeah, the Economy was doing GREAT.

As I said, GDP growth was over 3%, the Fed was likely to cut twice this year as inflation shrunk to ~2.5%, low unemployment...

The Economy was doing incredibly well. 

[Scouts Honor]

15 hours ago, scourge165 said:

I'm not sure what you're talking about?

Trump only verbally trashed the Chip Act and the Chips Act has been...wildly successful. 

I guess you could say he's trashing it now though. 

you made it sound as if he ended it 

[Scouts Honor]

my roth has been up and down the last 6 months... it dropped after the third quarter or 2024, then back up a bit, and is up a bit again, but not as much.

im a little worried about this next quarter... 

but like scourge, it's my secondary.

[JimmySpeaks]

16 hours ago, Scouts Honor said:

as long as no one panics... there won't be a panic

Are you plagiarizing Warren Buffet? I’m pretty sure he just said that about tariffs.  

[JimmySpeaks]

32 minutes ago, Scouts Honor said:

my roth has been up and down the last 6 months... it dropped after the third quarter or 2024, then back up a bit, and is up a bit again, but not as much.

im a little worried about this next quarter... 

but like scourge, it's my secondary.

I think this ye@r will be tough as a whole.  That being said it won’t be nearly as bad as some of the years we’ve experienced in the 2000’s and as always it will come back 

[scourge165]

3 hours ago, Scouts Honor said:

you made it sound as if he ended it 

No, trashed as in said it was a terrible deal.

We spent 6.5B AFTER they built and TSMC has one NEW state of the art fab in production, one getting ready to go into production and one scheduled for 2 years. So it's paying off. 

[scourge165]

2 hours ago, JimmySpeaks said:

I think this ye@r will be tough as a whole.  That being said it won’t be nearly as bad as some of the years we’ve experienced in the 2000’s and as always it will come back 

The professor from the Best Economic University in the Country.

You might want to actually listen...

[scourge165]

3 hours ago, Scouts Honor said:

my roth has been up and down the last 6 months... it dropped after the third quarter or 2024, then back up a bit, and is up a bit again, but not as much.

im a little worried about this next quarter... 

but like scourge, it's my secondary.

I've certainly learned my lesson.

My Roth will be where I buy NVDA, META, TSM and my brokerage account will be MORE ETFs and Index funds...though you can only put so much into your Roth, but I'm definitely going to switch it up so that the next time I think NVDA is going to go from 140 to 120, I can sell in my Roth with no penalty(I NEVER would have dreamed it'd get down to 92...I'd be buying that hand over fist as it now trades at a forward PE in the low teens). 

 

But that's how I had it set up. 

[JimmySpeaks]

2 hours ago, scourge165 said:

The professor from the Best Economic University in the Country.

You might want to actually listen...

Why would I waste any time listening to him when I have the world’s greatest authority on everything to tell me how it is?   YOU.   I mean I woke up to the Great Depression yesterday just like you said I would.  Right? 

[scourge165]

14 hours ago, JimmySpeaks said:

Why would I waste any time listening to him when I have the world’s greatest authority on everything to tell me how it is?   YOU.   I mean I woke up to the Great Depression yesterday just like you said I would.  Right? 

Yeah, as usual, this is cute "Jimmy." 

But I'm not presenting myself as "the greatest authority on everything." I can see why it may feel like that to someone as...staggeringly ignorant as you are, but no, I LISTENED to the greatest economic minds, I went to school for History and Finance. 

So I TRY to stay informed and educated. 

When the greatest minds in the field speak or something has actually happened and was a significant historical event, I try and...learn from that so I can understand it and apply it to what is happening in the modern world.

 

You think it has to do with intelligence...it doesn't. It just has to do with being an adult and wanting to stay informed.

I've also cited all my sources, but this is a guy who "LOL...leading in AI?????????? OMG," and "it's 12 hours later, I thought the great depression was starting now."

You do realize...it didn't get the moniker the GREAT depression until years later? It went through stages of recession to start and then months after when unemployment hit 12.5% and Hoover tried to dictate how companies operated that we sank deeper...and yet, it still wasn't "the great depression" yet.

 

 

So it's not so much me being "the world’s greatest authority," though I could understand how it seems like it to someone who'd never heard of Nvidia or scoffed at that 'crazy futuristic AI,' it's really...just your ignorance. 

[scourge165]

14 hours ago, JimmySpeaks said:

Why would I waste any time listening to him when I have the world’s greatest authority on everything to tell me how it is?   YOU.   I mean I woke up to the Great Depression yesterday just like you said I would.  Right? 

For instance James(can I call you James? Calling you Jimmy makes me feel like I'm talking to a child who cares most about WWE, John Cena and Grilled Cheese Sandwiches;

https://finance.yahoo.com/news/the-white-house-cited-these-economists-to-justify-its-tariffs-they-arent-thrilled-193615537.html?.tsrc=fin-notif

Quote

Even with the additional explanation, some economists dismissed the exercise as blatantly amateurish. (Douglas Holtz-Eakin of the conservative American Action Forum called it “malpractice”). Meanwhile, some of the professors who found their own studies cited went public to express their bafflement.

Quote

Alberto Cavallo, an economist at Harvard Business School who co-authored one paper included in the administration’s bibliography, tweeted that if Trump officials had applied his research correctly, the tariffs would have “come out about four times smaller.”

Quote

A few of the notes jokingly congratulated him. But how did he really feel? “Confused,” Soderbery told Yahoo Finance. After all, he said, his study had been written to discourage exactly the kinds of policies Trump was rolling out. Certainly, nobody from the administration had consulted with him.

 

[JimmySpeaks]

6 hours ago, scourge165 said:

For instance James(can I call you James? Calling you Jimmy makes me feel like I'm talking to a child who cares most about WWE, John Cena and Grilled Cheese Sandwiches;

https://finance.yahoo.com/news/the-white-house-cited-these-economists-to-justify-its-tariffs-they-arent-thrilled-193615537.html?.tsrc=fin-notif

 

Some economists

applied HIS research correctly

thx my real name is James 

day 3 still no GREAT DEPRESSION

 

[JimmySpeaks]

6 hours ago, scourge165 said:

Yeah, as usual, this is cute "Jimmy." 

But I'm not presenting myself as "the greatest authority on everything." I can see why it may feel like that to someone as...staggeringly ignorant as you are, but no, I LISTENED to the greatest economic minds, I went to school for History and Finance. 

So I TRY to stay informed and educated. 

When the greatest minds in the field speak or something has actually happened and was a significant historical event, I try and...learn from that so I can understand it and apply it to what is happening in the modern world.

 

You think it has to do with intelligence...it doesn't. It just has to do with being an adult and wanting to stay informed.

I've also cited all my sources, but this is a guy who "LOL...leading in AI?????????? OMG," and "it's 12 hours later, I thought the great depression was starting now."

You do realize...it didn't get the moniker the GREAT depression until years later? It went through stages of recession to start and then months after when unemployment hit 12.5% and Hoover tried to dictate how companies operated that we sank deeper...and yet, it still wasn't "the great depression" yet.

 

 

So it's not so much me being "the world’s greatest authority," though I could understand how it seems like it to someone who'd never heard of Nvidia or scoffed at that 'crazy futuristic AI,' it's really...just your ignorance. 

I’m shocked that someone that tries to come off as brilliant as you try to doesn’t know the that there’s a difference between leading and dominating. 

[scourge165]

On 4/2/2025 at 6:39 PM, mspart said:

You are stuck on Canada and milk.   Every country has tariffs on US goods, yet we mostly don't.   What would be a good strategy to get other countries to reduce or eliminate their tariffs on US goods?   I would like your solution rather than your complaints.

mspart

Well...for starters, stop LYING about the tariffs other Countries are putting on us.

We're talking about exceptionally low numbers. China, 2.5% 
The US 1.7%

Trump...put 54% and China responded with 34%.

Also, don't claim we were a wealthier country back when tariffs were our main source of income. We're many TIMES wealthier today in GDP per capita than were were 100-150 years ago. 

But Trump thinks costing the US trillion is worth not having to pay 50B dollars over 10 years to service the debt.

 

The solution is to learn from US History. Tariffs DO-NOT-WORK.