Tariffs

Reagan would not recognize his party today if he’s still alive.

Reagan: pro free trade, stood up against Soviets aka Russia, pro immigration, pro law and order like due processes.

On and on.

I think a huge part of this country’s problem is that there are too many people in fly over country who have never visited other countries. They have zero idea what the outside world is like. And they have zero curiosity to find out.

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China retaliates.

What’s Trump gonna do? Hike it to 200%?

If Trump was just messing with China, Xi would have less maneuver room. But Trump is declaring war on the entire world, Xi has nothing to lose. Where else will American buyers go? Trump put just as high if not higher tariffs on other Asian manufacturing countries.

Moron.

https://x.com/tanvi_ratna/status/1907880105369845865

This woman makes no sense. The entire tone of her thread is conspiratorial and she alone sees the secret moves and behind the scene motivations. Blindly trusting Elon when he said Doge is saving 4B a day is the first hint. Easily verifiable to be nonsense.

Nobody is rushing to build factories in the US because of this tariff “plan”. You can read surveys of real business operators. They are too scared to even expand their existing plants. Many cited uncertainty of business conditions. It takes years to put up new factories and by the time it’s done Trump will be gone and the next President can just undo all this on day one.

Or Trump may have changed his mind. Like she said it could be just the opening move right? Remember Trump negotiated all these beautiful trade deals in his first term that he now just casually throw in the garbage can? And you want businesses to spend billions and years to restore? When there is not even a concept of a plan at the top?

Sometimes the obvious thing is just obvious. There is no secret 4D chess behind the scene.

This guy makes so much sense. Where did he go?

I see there would be three worlds on Earth eventually.

America (both N & S)
Asia Pacific
Europe

Minimum trading between worlds. Within the world, free trade.

What WH wants is self sufficiency in all economic and defensive needs. Factories that provide these needs have to be physically in USA… note that I didn’t say jobs because future factories are run by AI and robots, fully automated. This is not a new scenario, is formulated long ago, previous POTUS didn’t have the courage to push hard in this direction.

In fancier economic terms it is called “autarky”. Soviets and Mao China did it. North Korea and Cuba are still doing it.

What makes it super funny is that the right kept saying Kamala was a communist. Turned out they voted a Maoist into power.

From Perplexity:

Key Policies Reflecting Autarkic Tendencies

  1. Great Leap Forward (1958–1961): This campaign sought to rapidly industrialize China through mass mobilization and collectivization of agriculture. Mao aimed to bypass reliance on foreign technology by using domestic labor and resources. However, this policy led to catastrophic outcomes, including widespread famine that caused an estimated 30–45 million deaths.
  2. Third Front Campaign (1964–1971): This initiative focused on developing heavy industry in China’s interior regions to prepare for potential foreign invasions. It emphasized self-reliance in defense-related industries.
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This period under Trump looks a lot like Mao’s cultural revolution:

  • intense personal cult
  • purge of anyone not seen as sufficiently loyal to the cult leader
  • remove people who use wrong terms (DEI, equity, trans)
  • despise of expert knowledge and the intelligentsia class
  • autarky economic policies
  • mob following who prioritize cruelty, eager for revenge and takes joy in watching people suffer
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Why would JPow lower rates when inflation is about to flare up?

  • Fed Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth.
  • Powell added the Fed faces a “highly uncertain outlook” because of the new reciprocal levies the president announced Wednesday, keeping the Fed on hold for interest rate moves.
  • “We are well positioned to wait for greater clarity before considering any adjustments to our policy stance. It is too soon to say what will be the appropriate path for monetary policy,” he said.

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All this talk of inflation. Look at gold, oil, rates. The market is saying this will be deflationary. Skin in the game usually beats pundits. Only time will tell.

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This is also what I don’t understand. Taking on every nations in the world at the same time?

China’s 34% additional tariff has two goals:

  1. Signal that China is prepared to go all-out i.e. no more trading between the two nations.
  2. Assessing which nations are friends or foes.

However, China is preparing to back down if Trump back down as signaled by the implementation set at one day after Trump Apr 9. The ball is on Trump’s court.

https://x.com/ThomasSowell/status/1908183221671440464


https://x.com/stillgray/status/1908142194827067592

Trump = Mao.

Everything can be explained by Trump having an IQ below 85. It’s not that complicated.

What a cult looks like:

Companies would need to start laying off people very soon. Even Elon fans get it.

Even if it makes sense to stand up US productions, companies won’t have the cash to invest as their entire profit got wiped out.

This is like Covid, except the virus is the Orange Man.

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