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Politico basically admitting Trumps's tariffs are working

Posted on 4/6/25 at 9:04 am
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
37918 posts
Posted on 4/6/25 at 9:04 am
LINK

quote:

As President Donald Trump announced historically high tariffs across the world this week, I expected a number of affected governments to rapidly and collectively fight back.

Instead, with the exception of China and a few scattered reprisals from allies, we’re seeing mainly cautious reactions. Foreign officials are talking about “calibrated” responses and keeping a “cool head.” Some are clearly hoping diplomacy will persuade Trump to back off some or many of his tariffs.


quote:

But these experts argued that there are compelling reasons many governments are not acting fast or in unison — not the least of which is that the world’s countries are not good at collective action, and many believe they have a better shot at accomplishing more, for themselves at least, if they avoid escalating the fight with Trump.


quote:

But what if the infliction of pain comes from a coalition of countries — governments banding together to strategically hit the U.S. economy? Would that make Trump think twice?

It’s a nice theory, but not very realistic, I was told. Governments simply don’t easily come together to unite in action, even when they are faced with a common threat.

Each government has its own national interest and doesn’t trust others won’t stab them in the back, said one foreign diplomat, who likened it to the classic “prisoner’s dilemma.” Remember how little global solidarity there was during the early days of the Covid-19 pandemic as countries raced to secure medical supplies?


quote:

Affected countries “think they can, basically, over the next couple months, quietly negotiate. They’ll make a couple of concessions, maybe on trade, maybe on defense, maybe on other things, and things will get adjusted,” the former official said.
Posted by rob0710
LA
Member since Oct 2004
890 posts
Posted on 4/6/25 at 9:31 am to
She sounds like she really wants it to fail.
This post was edited on 4/6/25 at 9:32 am
Posted by Nosevens
Member since Apr 2019
16872 posts
Posted on 4/6/25 at 9:59 am to
Amazingly it keeps pointing out by news organizations how different countries have their own interests at heart. Yet when Trump or other people suggest Americans first it’s considered nationalist but with a different overall meaning, akin to demagoguery.
Posted by RohanGonzales
Member since Apr 2024
7596 posts
Posted on 4/6/25 at 10:01 am to
quote:


She sounds like she really wants it to fail.


Maybe she posts here.
Posted by Gordon Hayward
Member since Jun 2016
1414 posts
Posted on 4/6/25 at 10:02 am to
Lost about 50k this week. Consumer confidence is shot and nothing positive has come from any of it yet. A little too early for a victory lap, don't you think?
Posted by High C
viewing the fall....
Member since Nov 2012
59228 posts
Posted on 4/6/25 at 10:04 am to
quote:

Amazingly it keeps pointing out by news organizations how different countries have their own interests at heart. Yet when Trump or other people suggest Americans first it’s considered nationalist but with a different overall meaning, akin to demagoguery.


Exactly, and a huge percentage of the American people have consistently failed to see through what’s being fed to them. They have successfully been conditioned to hate their own country.
Posted by Prometheus
Member since May 2012
6386 posts
Posted on 4/6/25 at 10:04 am to
quote:

Lost about 50k this week


How?
Posted by Azkiger
Member since Nov 2016
26787 posts
Posted on 4/6/25 at 10:07 am to
quote:

How?


Dumbass must have sold stock.
Posted by Hodag
Northwoods
Member since Sep 2024
1083 posts
Posted on 4/6/25 at 10:08 am to
quote:

Lost about 50k this week.


Unless you sold you literally lost nothing.

Posted by Gordon Hayward
Member since Jun 2016
1414 posts
Posted on 4/6/25 at 10:08 am to
Speculative but my portfolio is down with no semblance of reaching the previous levels soon. Sorry you're poor. Bullying retirees must be fun for you though.
Posted by Gordon Hayward
Member since Jun 2016
1414 posts
Posted on 4/6/25 at 10:10 am to
If speculation isn't real until you sell then how come stock can be used as collateral? In theory your buying power decreases regardless of "selling." Plant baws should probably sit any economic talk out. Just my two cents.
Posted by beerJeep
Louisiana
Member since Nov 2016
37660 posts
Posted on 4/6/25 at 10:12 am to
quote:

Speculative but my portfolio is down with no semblance of reaching the previous levels soon.


So you haven’t lost shite.

quote:

Sorry you're poor.


Post your portfolio, boss hog

quote:

Bullying retirees must be fun for you though.


Ok Mr Richie rich who obviously doesn’t understand how stocks work since you have lost zero dollars.

I bet you think you paid for your social security check, too.
This post was edited on 4/6/25 at 10:13 am
Posted by dgnx6
Member since Feb 2006
84980 posts
Posted on 4/6/25 at 10:12 am to
So some countries will make deals and not just shut down and stop trading?


Yeah, it’s not 1930.


Posted by shinerfan
Duckworld(Earth-616)
Member since Sep 2009
27770 posts
Posted on 4/6/25 at 10:13 am to
Access to the American consumer is the biggest stick in the world if someone has the balls to swing it.
Posted by Gordon Hayward
Member since Jun 2016
1414 posts
Posted on 4/6/25 at 10:13 am to
I'm 36 and above 400k "boss hog"
Posted by dgnx6
Member since Feb 2006
84980 posts
Posted on 4/6/25 at 10:14 am to
quote:

Sorry you're poor. Bullying retirees must be fun for you though



Lol, how much is the market up since you were 30?



Posted by beerJeep
Louisiana
Member since Nov 2016
37660 posts
Posted on 4/6/25 at 10:14 am to
quote:

I'm 36 and above 400k "boss hog"


BRB. Using imagination since no pics.
Posted by dgnx6
Member since Feb 2006
84980 posts
Posted on 4/6/25 at 10:14 am to
quote:

I'm 36 and above 400k "boss hog"



Then why are you worried?


Posted by Gordon Hayward
Member since Jun 2016
1414 posts
Posted on 4/6/25 at 10:15 am to
Because I have empathy for everyone else, especially the 60-65 crowd during this. frick them though, right?
Posted by Tigergreg
Metairie
Member since Feb 2005
24382 posts
Posted on 4/6/25 at 10:18 am to
The countries that show restraint and a measured approach will do better. Making a rash decision out of pride or trying to look tough will be very bad for you. Trump is the master. Don't forget.
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