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Started By
Message
re: China announces 34% retaliatory tariff on all US imports. Dow down 1000 on the news.
Posted on 4/4/25 at 9:44 am to FoTownBam
Posted on 4/4/25 at 9:44 am to FoTownBam
quote:
This is why we should’ve never been dealing with China in the first place. They will literally starve their citizens just to win a trade battle with Trump
The overall point of this post is accurate.
The US is dealing with the Chinese Government only and they have some ability to force their will on their own people.
The Chinese however are dealing with the US Government and it's people. The American people have a low tolerance for frustration and discomfort, and the Chinese Government knows this.
China's hand in this is much stronger than this board wants to believe. They can force their people to gut out more than we're willing to gut out on our own.
2
Posted on 4/4/25 at 9:45 am to LSUGent
quote:Is that bad? I thought we were trying to move that back to the US?
Do you know why Foxconn has nets all around their Chinese factory?
Posted on 4/4/25 at 9:46 am to SlowFlowPro
quote:
We cannot "bring it home". Even if we fricked our economy and SOL to be at China's status to make it viable, we don't have the population.
There's truth in this. We'd have to open the border again.
Posted on 4/4/25 at 9:46 am to Pandy Fackler
All these countries are calling Trump's Bluff. It's gonna get interesting.
Posted on 4/4/25 at 9:47 am to AirbusDawg
quote:
All these countries are calling Trump's Bluff.
No.Posted on 4/4/25 at 9:48 am to imjustafatkid
quote:
Your assumption that China will stop using slave labor is flawed and belies a gross misunderstanding of China's economic policies.
so what are you arguing? That China should overpay for labor you want us to do? Or do you think they pay “slave wages” it for entertainment? Seems SFP was right about the shift to emotion.
Posted on 4/4/25 at 9:51 am to slackster
Posted on 4/4/25 at 9:53 am to SDVTiger
quote:
The stock market isn't the economy
What!? A rapidly crashing stock market is the prelude to a recession, or depression, or worse.
Investors have lost TRILLIONS of dollars since Trump assumed office. My 401K lost 5000. yesterday alone and is threatening to do so again today.
Trump... is an economic illiterate.
Posted on 4/4/25 at 9:54 am to Pandy Fackler
Chinese banks are a short as long as they are above zero
Their default problems were already huge before tariffs with zombie real estate
Their default problems were already huge before tariffs with zombie real estate
Posted on 4/4/25 at 9:57 am to wackatimesthree
quote:
I've been trying to tell them for weeks that the average factory wage job in the US is $17 an hour.
What is it that they think is going to happen to the economy by adding 5 or 10 or 20 or 50 million $17/hour jobs?
They don't answer that question, though.
'Muh 'Merca. That's what you get when you ask that.
There's this ungrounded sentimental fantasy that we're going to somehow revive the concept of the "working class hero" with all this.
Posted on 4/4/25 at 9:58 am to tarzana
quote:
What!? A rapidly crashing stock market is the prelude to a recession, or depression, or worse.
Investors have lost TRILLIONS of dollars since Trump assumed office. My 401K lost 5000. yesterday alone and is threatening to do so again today.
Trump... is an economic illiterate.
What a dumb post. Were you going to spend that 401k today? Of course not, its a long term retirement investment.
Only idiots panic when market goes down. Back in 08/09 there were lots of idiots then too. But the savvy saver looked at the opportunity it presented. Its like some gal going to the mall and everything is on sale.
Posted on 4/4/25 at 10:01 am to Bunk Moreland
quote:
Then a lot of those people will try to unionize at some point, which this board hates.
They would absolutely unionize and then the cycle continues. Those jobs would go off shore again.
Posted on 4/4/25 at 10:01 am to tarzana
quote:
My 401K lost 5000. yesterday alone and is threatening to do so again today.
How old are you and when do you start taking your withdrawals from the 401K?
I mean... if it's down 5 grand yesterday and another 5 grand today... and then in a year it gains that back... then... quite frankly, what's the issue?
Posted on 4/4/25 at 10:05 am to Pandy Fackler
quote:
There's this ungrounded sentimental fantasy that we're going to somehow revive the concept of the "working class hero" with all this.
This is why they get upset if you bring up how much these jobs should be paid in our current economy (hint: it's below minimum wage).
Posted on 4/4/25 at 10:05 am to Jbird
quote:
Even here in Iowa starting welding jobs $25.73 an hour. But of course the Mickey Ds is the place to be for hourly workers.
That's skilled labor. That's a trade. That's a far cry from the unskilled rubber dog shite producer, who pulls a lever all day. In the absence of a union, that schmuck isn't making 25 bones an hour.
Posted on 4/4/25 at 10:06 am to SlowFlowPro
quote:
China committed economic suicide
Lol
Posted on 4/4/25 at 10:08 am to GeauxBurrow312
Factory jobs are still skilled laborers
Posted on 4/4/25 at 10:08 am to SDVTiger
quote:
you don't have any money in it anyways
Incorrect. I am invested it it-- that's why I'm mad as a hornet in heat. Trump ... is screwing America
This post was edited on 4/4/25 at 10:10 am
Posted on 4/4/25 at 10:09 am to Pandy Fackler
quote:
That's skilled labor. That's a trade. That's a far cry from the unskilled rubber dog shite producer, who pulls a lever all day.
Factory assembly line work is primarily unskilled, uneducated labor and has very little market value, which is why we offshore that kind of work.
Youre only as valuable as the cost of your replacement and foreigners will do that work for a lot less than Americans.
Its ridiculous to expect Americans to prop up overpaid labor to the detriment of the consumer.
Posted on 4/4/25 at 10:10 am to tarzana
quote:
Trump ... is screwing America
It's been screwed for a while, it's a needed correction. Don't get your big girl panties in a wad.
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