You literally wrote Trump doesn’t understand how tariff works.
Universal tariffs on every goods don’t increase blue collar jobs. All it does is tanking the American economy. Unemployment then rises, and there will be fewer jobs of every kind, including blue collar jobs.
Look at what happened in 1930.
1930 is the only example of tariffs having negative economic impact in over 100 years of using them. The average rate was 59%. Biden retained most of the tariffs Trump enacted in his first term.
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I am referring to your explanation. As for impact on blue collar jobs, is harder to assess. Supporters of tariff think ST is job loss, LT is job creation.
Biden was wrong to keep Trump’s tariff. He should have gotten rid of it the moment inflation was starting to flare up.
Tariffs don’t make economic sense. If it does companies will do so willingly without government intervention. They will just set up factories domestically. But they don’t. You need to take that market signal very seriously.
But tariffs can make sense in other ways. For example if you worry about China building all the ships. They are not a friendly country and you don’t want hostile regimes dominating in this area. You can put tariffs on imported ships. That is not for economic reason. It is strictly for political reason.
Key point is tariffs needs to be targeted. If you put 25% tariff blindly on everything you will rank the economy.
Common sense seems to be uncommon these days.
Hyndai, Nissan, Honda and Stellantis have already announced plans to set up new facilities in the US or re-open shuttered ones. Vietnam has reduced tarrifs on a broad swath of US goods.
Tariffs on auto is a good example of targeted tariffs that makes sense. It has been around since LBJ days. It makes strategic sense. You need to have that kind of manufacturing muscle domestically.
Again, key point is targeted. You need to look at each sector by itself and make a case why tariffs make sense for those sectors. You need a scalpel, not a sledgehammer. Blanket tariffs on everything from everywhere is dumb.
Elon owns about 12% of Tesla. If those crazies have a 401k or IRA (admittedly doubtful) their funds own the rest.
Liberals attacking liberals that own Teslas. Cant make this shit up. Reminds me of the Russian Revolution. When the extremists slaughtered the moderates. Liberalism is a social disease. Same thing happened in Berkeley in the 60s when the radicals took over from the liberals. The radical left will purge everyone who isn’t radical enough.
Liberalism is a social disease . Just think we could have had the Walz and Kamala shitshow. Just imagine them running the country with trans DEI silly men in dresses and bureaucrats refusing to describe what a woman is. Unfortunately the loony left has picked trashing Tesla as their cause celebe… it’s pitiful and ironic… they eat their own.
Smart move. Tesla is up 13 today . Musk is hoping the woke wackos will find another target
Elon is literally buying votes openly in Wisconsin. There is nothing woke about protesting at Tesla. That is open speech. Remember how people got upset at a Bud Light ad and some random displays in Target, and boycott them? Those are far more trivial nonsense. Boycotting Tesla is just the same free speech as boycotting Bud Light and Target. As long as protests are peaceful, I don’t see any problem with it.
Everyone sees what cars you drive. Buying a Tesla now becomes a political statement. Some like it, some don’t. It’s all fair game. If conservatives are upset at Elon losing sales, they can always pick up the slack and buy 2 or 3 Teslas. They are getting cheap nowadays.
I was never a fan of of Musk but the vandalism and hatred is pretty scary. Ironically he actually benefits from vandalism because the cars have to be repaired by Tesla with insurance money. So the crazies are hurting liberal Tesla owners and benefiting Musk.
Wait for the next protest in response to the tariffs.
The stock market hates tariffs
All my stocks are down. Although Costco is only down a little. Same with Walmart and HD… they were already down 15% because tariffs were anticipated for quite a while. Costco inventory turns over fast… so they can buy domestic products very quickly. I wonder what will happen to foreign produce… no more summer produce in the winter? Trump really has no clue about the global supply chain. I think there will be shortages very quickly.
Virtue signaling leftist trying to stop a crazy Musk hater from vandalizing her car.
They had no qualms about trashing their own hoods during the George Floyd riots. Why should they have any over trashing each other’s cars?
Trashing other people’s cars is a crime and should be condemned.
Peaceful protest against Musk is first amendment right. Big difference.
This is a free market. Liberals don’t like Tesla no more. If you guys like them buy 2 or 3 to help Musk out.
The left isn’t peacefully protesting. It’s going after Tesla owners personally. Many of whom ironically actually support the leftist agenda. Pathetic and stupid. It will be huge setback for the EV industry.
Dan Ives the Tesla clown has reduced his target price from 550 to 315… I figure 100 and it will still be 40 times earnings
