re: Question for those that oppose the tariffs

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The Shrub had at least 50k posts about it

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Nobody counts him for anything though

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There was a more important third component you lef out, the most important.

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Left nothing of importance out.

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Let's keep everything as it is and keep killing the middle class.

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These tariffs are a great way to squeeze the middle class unfortunately

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Never saw one negative comment about them his first term.

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That’s because they were too busy “reporting” on pee pee tapes, mean tweets, and muh Russian collusion.

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What the frick do we have to lose?

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Good question and it depends on whom you choose to listen to. Some say nothing. Some say there will short term pain and long term gain. Here’s a study signed off on by around 30 trade organizations and they aren’t sugar coating things:

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Here's a massive 38 page study (published March 24th) signed off on by nearly 30 trade organizations. This is specifically about what happens with the $1.5 million dollar fee the Chinese ships will pay per port. It goes into great detail as I'm sure you can imagine. It isn't a rosy picture. Trade deficits increase, employment drops, all sorts of nightmarish stuff. Trump wants this fee to get domestic ship building back on track which is a noble endeavor. How much pain are we willing to absorb to make that happen? Here are a couple highlights: Exports would decline by up to $21.4 billion, worsening the U.S. trade deficit. Industries that rely on cost-effective shipping, including manufacturing, retail and agriculture, would experience higher costs and lose the ability to remain competitive. USTR’s proposed remedies would increase shipping costs by 8% to 14%, leading to higher prices for imported goods, according to the new study. More than 60% of U.S. imports rely on maritime shipping, meaning increased costs would affect nearly all industries. Supply chain delays would worsen, impacting retailers, manufacturers and distributors. Port traffic could decline by up to 11%, as shipping companies reroute through Canada or Mexico to avoid fees. As a result, U.S. warehousing and trucking jobs would be lost due to reduced port activity and the price of everyday goods would rise due to supply chain disruptions.

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Tradepartnership.com

The tariffs aren’t based on anything they’re literally just the opposite proportion of the trade balance we have with the countries…. We’re being led by retards

Cambodia: 97%

US exports to Cambodia: $321.6 M

Cambodia exports to US: 12.7 B

Ratio: 321.6M / 12.7 B = ~3%

LINK

Vietnam: 90%

US exports to Vietnam: $13.1 B

Vietnam exports to US: $136.6 B

Ratio: 13.1B / 136.6B = ~10%

LINK

Sri Lanka: 88%

US exports to Sri Lanka: $368.2 M

Sri Lanka exports to US: $3.0 B

Ratio: ~12%

LINK

What the Administration appears to be calling a "97% tariff" by Cambodia is in reality the fact that we export 97% less stuff to Cambodia than they export to us.

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Question for those that oppose the tariffs

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I don't oppose tariffs as much as I oppose anything that fricks with my money, and right now this tariff bullshite is fricking with my money.

Now just like everyone else, I don’t have a choice but to sit with this shite and wait it out. Every arm chair poli-board economist has an opinion on this stuff and wether or not it's a good thing. Well none of us really know and neither do most of the experts, because they can't agree either.

But here's what I do know and it's really the only thing that I know. My investment portfolio is losing money, and I don't like that shite one fricking bit.

We'll see how it shakes out.

That's kind of where I am -- this board seems to be pushing the idea that we are going to have to endure some short-term pain with these moves. Well, how long is that? Tariffs, plus laying off a bunch of government workers seems like playing with fire to me. DJT's legacy is on the line with this.

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That's kind of where I am -- this board seems to be pushing the idea that we are going to have to endure some short-term pain with these moves. Well, how long is that? Tariffs, plus laying off a bunch of government workers seems like playing with fire to me. DJT's legacy is on the line with this.

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Alot of these frickin' people who are jacking off to these tariffs. Well these are probably the same people who never look at their 401k (if they have one at all) or don't have any contributions past the 2.5% their employer kicks in.

These people need to look at their retirement plan right fricking now and then look at it again in one week.

I look at mine every single day and I don't like what I'm seeing.