Current Events > Trump has just imposed steel/aluminium tariffs in dumbest decision ever made

(+) Yeah! (+)

does this guy not take economics class 101?

this is how the US finally falls from grace. Everyone hates the US now.

In separate news, the TPP is inked between the remaining countries who finally said 'screw the US'

i was told it was just him trying the "start at a crazy spot and bargain down" strategy

i'll assume that was just his supporters making excuses for him though
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You can't expect a business man to know how money works.
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For those that don't know the consequences of this action, please read the news and see how every major country is about to impose tariffs back on US exports.

This is called trade retaliation and why stupid people shouldn't be voted into office

I don't really get this. Did he just wake up one morning and decide to do this off the top of his head? What's the reasoning?
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So is the Dodge Charger I'm planning to buy in two months gonna be more expensive

Cause if so fuck you Trump
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REMercsChamp posted...

I don't really get this. Did he just wake up one morning and decide to do this off the top of his head? What's the reasoning?

He's mad about Kushner.
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He's got 3 years left. A tad presumptuous to call it the dumbest decision.
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REMercsChamp posted...

I don't really get this. Did he just wake up one morning and decide to do this off the top of his head? What's the reasoning?

He's living up to his promise to make america great again starting with the steel industry.

Brought back 500 jobs. What a great deal maker.
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Here is how this has played out in the past.

American manufacturers need the steel and aluminium to make their widgets. The US does not produce enough steel and aluminium to meet the manufacturers demands so they import what they need. Now the price of steel and aluminium from off shore has just gone up, this is supposed increase demand for US made steel. Didnt I just say that the US doesnt produce enough steel? So the imports will continue and prices will rise.

If US steel production does increase it is only because the inefficient US production factories now become viable due to the higher prices. This only continues to force prices up.

But if the tariff forces the price of raw materials too high for the widget maker, guess what happens. The whole widget factory moves to China. Because while there is a high demand on steel, there isnt on complete widgets.

Donald Trump seems fixated on trade deficits and considers them a bad sign. I thought Mr. Trump went to school. I would love to hear his answer to this: If a country consumes more goods than if could ever possibly produce, where are these goods supposed to come from?

The USA must run trade deficits with most of the world if it plans to maintain its high standard of living. There is no way to avoid that.

Simple math. Your country produces X, but consumes X plus Y. Then Y must be imported.

Yes the USA could raise some production but dont they have almost full employment now? Baby boomers are retiring and there's a shortage of skilled workers in America. America isnt having enough babies. So where do the new workers come from?
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cerealbox760 posted...

I thought Mr. Trump went to school.

Just because he went to school doesn't mean he learned anything.
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"stop calling him stupid he is a billionaire he can't be stupid!"...no...see...decisions like this are proof that he is an idiot.
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cerealbox760 posted...

Yes the USA could raise some production but dont they have almost full employment now? Baby boomers are retiring and there's a shortage of skilled workers in America. America isnt having enough babies. So where do the new workers come from?

lol you're delusional if you count the people that gave up the unemployment rate is over 20%

@r4X0r