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Everything posted by red viking
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I get it, I think. Yah; that probably is 104% increase.
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They'll continue to fight. They are much more diversified and resilient and stronger than they were 20 years ago. They have trade relationships w/ other countries. Meanwhile, we the ones trying to fight the whole world at once. They also hold a huge portion of our debt and could decide to sell it all at once. That would be a financial disaster way beyond what we're currently dealing with. If you think we're ones holding all the cards, you're drinking too much of that red Kool Aid. When I say "we" I actually mean "the wingers" because I'm not on Trump's side at all on this one. Right is right, even if it hurts me financially.
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Exporters typically absorb a lot of those costs at first. If the tariffs stick, they eventually get 100% passed on to the consumers.
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Stood their ground, like I said they would. Trump now imposing 104% tarriffs. These people don't put up with bullying. I hope they take this to the hilt and NEVER BACK DOWN!!!! Chinese people and leadership: if you are reading this, I want you to know that most people here no longer support this clown. I support your right to fight back to bullying. Also, many right-wing legislators are talking about striking down his tariffs since Congress is supposed to control this. OPPOSITION INTERNALLY IS GROWING. He is WEAK!!!! I think you should retaliate yourself, AGAIN. 200% TARIFFS ON U.S. PRODUCTS!
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Dow Jones futures up 3% this morning. I'll take it.
red viking replied to Paul158's topic in Non Wrestling Topics
Nice strawmen argument First, not every country. I said, "in general." Second of all, I'm talking about this one specific aspect of culture. 3rd, I'm actually talking about the "far east." The area where China is, since that was what I was referring to; Trump's bullying of China. I didn't clarify that, but since you want to make a huge issue about it, I'll clarify that. Yes, on average, they put up with bullying and direspect less than U.S. cowards. I was stationed in Korea for a year when I was in the military and traveled around over there. -
Mastiffs are tough dogs but an average mastiff won't beat an average pitbull in a fight, despite their weapons. Pitbulls have the heart. It's the fight in the dog; not the dog in the fight. One side knows that it's standing up for justice, freedom and the Constitution. KNowing that provides a lot of resolve. Yah; a lot of people on the left don't own guns. That can change pretty quickly though, too.
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Dow Jones futures up 3% this morning. I'll take it.
red viking replied to Paul158's topic in Non Wrestling Topics
Just did. I spent a year over there. The cultures are different from each other but they have some things in common, in general. This is one of them. Go to any country over there and try to bully somebody around. They're much less likely to back down than cowards like Trump is used to dealing with. -
Dow Jones futures up 3% this morning. I'll take it.
red viking replied to Paul158's topic in Non Wrestling Topics
No, they're not. At least to us. They're standing up to the bully though. Saving face and not putting up with disrespect and not showing disrespect are a big part of the Asian culture and Trump should have researched that before publicly disrespecting them. It's not like the numerous cowards we have here in the U.S. -
Agreed. We should put more resources toward taking care of our veterans. Use some of that fat money going to contractors and use it on veteran care instead.
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Dow Jones futures up 3% this morning. I'll take it.
red viking replied to Paul158's topic in Non Wrestling Topics
Market is tanking again, FAST! LET'S GO CHINA!!!! Continuing to stand up to the bully and not backing down. That's inherent in their culture and obese diaper Donny is now finding that out. Gotta get some popcorn now!!! -
I've heard an incredible amount of rhetoric from the wingers about taking up arms and getting ready for civil war if Harris wins, etc. Not to mention the countless violent acts that they've already committed, such as the Jan 6 riots. I'm not surprised that some people on the left are ready/willing to stand up to them.
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Still WAY down since he took office. China needs to hang tough. LET'S GO!!!
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What are YOU doing with your 401(k) right now?
red viking replied to Le duke's topic in Non Wrestling Topics
I've done nothing. A lot can still happen, especially since these tariffs aren't even legal. There was no national emergency, which he had to declare, to implement this. -
AI Steelman Smoot-Hawley Impact on the Depression
red viking replied to jross's topic in Non Wrestling Topics
Primary or secondary, tariffs have a well established history of not being effective, particularly when they escalate to a trade war. That's almost always a net loss for everybody. These are much higher than the tariffs on the u.s. They're based on trade deficits rather than what we're actually being charged. -
Vietnam offers 0% tariff/Cambodia Drops to 5%
red viking replied to JimmySpeaks's topic in Non Wrestling Topics
Ok. In the short term, some does get absorbed higher up the chain. Long term, NONE does. -
Vietnam offers 0% tariff/Cambodia Drops to 5%
red viking replied to JimmySpeaks's topic in Non Wrestling Topics
That's a lie. They pay it up front but then charge more on the back end so it's a wash. None of them are going to accept a loss. They only sell for profit. The net result is simply that the consumers, mostly poorer people, pay a tax, and as a result fewer imports are actually purchased. We produce a little more domestically to offset that but also export less because other countries kick us back w their own tariffs. We isolate ourselves while rest of the world strengthen their trade relationships. -
What I find VERY interesting is that Trump is claiming that 50 countries are now pursuing trade talks. He's got such a bad record with dishonesty that his claims aren't making any difference today whatsoever w the traders. Zero credibility. Zero respect. Keep golfing.
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New winger narrative is "Short term pain for long term gain." Why is that? Because Trump says it will be that way. Narrative keeps evolving but people keep drinking the Kool Aid anyway. Hook, line and sinker (yah, for Kool Aid. Whatever).
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Vietnam offers 0% tariff/Cambodia Drops to 5%
red viking replied to JimmySpeaks's topic in Non Wrestling Topics
Not helping markets. Continuing to crater so investors aren't seeing this as much, if anything.