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re: The US trade deficit PLUMMETS 16% in one month, from May to June.
Posted on 8/5/25 at 9:34 am to GumboPot
Posted on 8/5/25 at 9:34 am to GumboPot
quote:
I think the anti-tariff brigade had two fundamental flaws in their predictions:
Anybody that suggested tariffs weren't magical wealth creation machines was considered to be "anti-tariff", and you still still see a fundamental lack of understanding here concerning trade deficits. A trade deficit or surplus on its own isn't a predictor of much.
3
Posted on 8/5/25 at 9:36 am to finchmeister08
quote:The posters on this board who are always right.........were wrong again.
The US trade deficit PLUMMETS 16% in one month, from May to June.
Posted on 8/5/25 at 9:40 am to finchmeister08
TDSFP, Roger, Sammich et al. are not going to like this news one bit... 
Posted on 8/5/25 at 9:40 am to SmogkDeizKnutz
quote:WAIT!!!
The US trade deficit PLUMMETS 16% in one month
Are you telling us that if stuff costs more then people buy less of that stuff??
THAT'S AMAZING!!!
Posted on 8/5/25 at 9:41 am to GumboPot
quote:
2. They thought a 50% tariff was going to increase the cost of $100 imports to $150. It doesn't work that way. Tariffs are not applied to retail prices.
Because it's just one cost input. I've made the same argument about minimum wage. If you increase the minimum wage by 25% the cost of all goods won't go up by 25%.
Posted on 8/5/25 at 9:41 am to LSURussian
People who think buying a case of Bud Light is a big deal usually don’t care about the struggles American businesses face to stay profitable.
Posted on 8/5/25 at 9:43 am to Flats
quote:
Anybody that suggested tariffs weren't magical wealth creation machines was considered to be "anti-tariff", and you still still see a fundamental lack of understanding here concerning trade deficits. A trade deficit or surplus on its own isn't a predictor of much.
Stop. Just take the L and move on...
Posted on 8/5/25 at 9:43 am to Powerman
quote:
If you increase the minimum wage by 25% the cost of all goods won't go up by 25%.
Of course not.
But they will go up.
Posted on 8/5/25 at 9:43 am to GumboPot
quote:
With a lot of manufacturers volume is more of a priority than profit.
Nonsense. Volume doesn't matter if you aren't profitable. In business profit is everything.
quote:
Tariffs are not applied to retail prices.
They most certainly are. Nobody is "eating" a 50%+ cost increase.
Posted on 8/5/25 at 9:44 am to Enadious
I remember your president Jill and Kamala lied about 800,000 extra jobs
Posted on 8/5/25 at 9:44 am to LSURussian
The TDS f@gs are showing up insist they weren't wrong... again.
Posted on 8/5/25 at 9:45 am to BTROleMisser
quote:
Stop. Just take the L and move on...
quote:
and you still still see a fundamental lack of understanding here concerning trade deficits.
I didn't really need another data point but thanks anyway.
Posted on 8/5/25 at 9:45 am to LSURussian
quote:
Are you telling us that if stuff costs more then people buy less of that stuff??
People are still making and buying stuff. Excluding 2021 which is fake (recovery from COVID shutdowns), we are on track for the biggest GDP growth since 2018, and before that 2005.
The US is back. Sorry your friends in Canada and Europe are not doing too well
Posted on 8/5/25 at 9:46 am to SmogkDeizKnutz
It’s almost like a billionaire businessman knows more about the economy than bureaucrats.
Posted on 8/5/25 at 9:51 am to dgnx6
quote:
They thought it was 1929 still.
And judging by some posts, they didn't know tariffs existed until now.
The depression being caused by tariffs is fake news. It was caused by the Federal Reserve not providing sufficient liquidity in the banking system.
Posted on 8/5/25 at 9:51 am to Enadious
quote:Hence the need for accuracy in all reporting. Agree?
We can't trust the employment numbers but we can trust the trade numbers.....got it!
Posted on 8/5/25 at 9:54 am to GeauxBurrow312
quote:
we are on track for the biggest GDP growth since 2018, and before that 2005.
That's a MUCH better indicator of an improving economy than a movement on trade deficits. A lot of dirt poor countries have trade surpluses.
Posted on 8/5/25 at 9:54 am to SmogkDeizKnutz
quote:
BREAKING: The US trade deficit PLUMMETS 16% in one month, from May to June.
So the following are ALL down:
Imports are down
Exports are down
Manufacturing is down
Service sector is down
Tell me why this should be celebrated?
This post was edited on 8/5/25 at 10:10 am
Posted on 8/5/25 at 9:54 am to Flats
quote:
Anybody that suggested tariffs weren't magical wealth creation machines was considered to be "anti-tariff"
My argument for tariffs were as follows:
1. Protectionism.
2. Tax burden diversification.
3. National security.
Wealth creation is not a good argument.
Posted on 8/5/25 at 9:55 am to GeauxBurrow312
quote:Apparently you don't know the difference between GDP and the trade deficit.
People are still making and buying stuff.
That's pretty basic stuff I learned about in ECON 1001 when I was 19 years old.
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