Featured Trump tariffs put the US auto industry in disarray

PPI increased 0.9% today much higher than expectations. The tarrifs are now heavily hitting manufacturers, which still has a delay on inflation CPI. The emergency of the trade war hit a new phase as there is another 90 delay on them applying to china. If its an emergency it sure feels like a made up one, and if its not, why not negotiate in good faith instead of the bs that will lead to china taking more advantage of the US. The administation put forth the argument in court that its an emergency because they are getting so much tax revenue. I guess its an emergency to raise taxes on the working and middle class so that those making more than $500K/year get a big tax break.

 

I don't want to play numbers games with endless citations "proving" one thing or another, but generally, free trade is good; protectionism bad. Anyone who needs their job protected by tariffs, doesn't have a real job anyway, at least not a viable one that can compete in the world. Those who descry cheap wages should understand that they start low, but increase over time, along with the standard of living.

I've lived long enough to see the world become much more prosperous because of free trade. There was plenty of anti-free trade sentiment 40 years ago, but it has nearly all disappeared due to the prosperity that resulted, proving those knuckleheads wrong.

 

they may increase over time, but in the meantime, entire industries are lost.
and they may not increase if slave labor is involved.
and it's not only labor, it's safety and environmental regulations as well

 

I'd never regret an industry lost because it couldn't compete. Anyone who can't find a new job, can't adapt.

 

i don't consider people expendable, and i don't consider losing industries to foreign powers a good thing.
but i do remember history, and recognize what is going on in the world today and what has always gone on.

 

But in the grander scheme of things, it has been a good thing. I've seen that over the decades.
Short term tears turn into long, interesting careers, and everyone is better off.

 

That’s why Trump is using communism nationalizing industry.

First Intel .gov owned, now defense contractors then it will be everyone else

 

Just to show both sides of an issue how did you feel about this President Biden Program?


Trump Administration Ends Semiconductor Fund Set Up By Biden Government | World News - News18
Lutnick announces $7.4 billion in cuts to Biden-era CHIPS funding dispenser
"In its final days, the Biden administration set up an agreement with Natcast that allowed the entity to receive $7.4 billion from the Commerce Department's National Institute of Standards and Technology "in the form of advance payments," according to the letter. Lutnick said the amount accounted for "virtually all of Natcast's funding," which was expected to last until 2034.
"The Biden administration had no authority to enter into the last-minute agreement with Natcast to cement their illegal arrangement," Lutnick wrote. "The GCCA plainly prohibits agencies from establishing a corporation to act as an agency without specific authorization, and the January 16, 2025, agreement does nothing other than set forth the terms of the Biden Administration's attempt to do just that."
The agreement was executed on Jan. 16, four days before President Donald Trump returned to the White House this year.

"These actions do not just give the appearance of impropriety; they flout federal law," Lutnick asserted"

"Describing Natcast as a "slush fund" and an "illegal, unaccountable, left-wing created fake department," Lutnick said the Commerce Department doesn't recognize the California-based nonprofit group because it was established in violation of federal law.

"Rather than establishing these operations within the Department, however, Biden Administration officials spent significant time, effort, and resources creating an unaccountable, outside entity—Natcast—to administer taxpayer funds," Lutnick wrote to Natcast CEO Deirdre Hanford in a letter."

 

Natcast a bipartisan entity, so Remove a subsidy
And exchange for direct government ownership with politics on the board of directors

tots the same

 

.
Ooops - hypocrisy?

 

Natcast was a bipartisan entity that had republicans heavily involved in its creation and day to day operations and it was setup as it was due to conservatives being heavily involved/invested in its formation.

This is similar to the GND that had 75% of conservative representatives having large investments in the affected businesses and said locations of GND “stuff” being in conservative jurisdictions, along with a few R publicly taking credit for said GND jobs

 

Gee I wonder why.

 

Having it both ways.

Write a law
Get benefits from said law
Blame the other guy for the law you wrote
Bitch about your own law

proceed to replace your law with Communism, with one infinitely worse, less effective and more dangerous.

 

Sorry but there was only one party that was trying to destroy the country through communism. That was done through societal destruction vis-a-vis no borders cashless bail - defunding police, trans men in women's sports & globalism - the goals of socialist Klaus Schwab.

 

Is it just me, or do people just use the term Communism as an insult with no thought to the actual meaning.

For an example, last time I checked, Communist countries have historically had closed borders (iron curtain, etc.) not open borders.

 

That's because most of them don't allow their people to leave - because they would never come back. Here, that's not the case. Keeping people out versus keeping people in.

 

That still doesn't prove the term is any more than just an insult.

As for immigration laws, I have no opinion on what the USA should or shouldn't do. All I know is the law given to the Isrealites said: "The immigrant that lives with you shall be the same to you as a native of your own stock, and you shall love him as yourself."

 

Could be argued those countries weren't really communist. Closed borders isn't a tenant of the communism philosophy for one.

 

What obvious BS. Lutnick and project 2025 instead of rolling back subsidies for this bi partisan group, are going full bore socialist. First it was US steel with a golden share, selling to a foreign entity and giving it huge protectionist tarrifs. Why not help the american owed steel companies and manufacturers. It shows the tarrifs failed for US Steel and now the government is taking partial ownership with a foreign entitiy. Then intel who should have never gotten such big subsidies from the chips bill is now favored over better competitors like US based AMD, Samsung, and Taiwan Semiconductor that are actually building productive profitable plants using US workers in the US.

Saying biden bad so trump should be worse is total hypocracy. Chips bill was a great bipartisan bill and now the intel part makes it so much worse. Biden as a measure helped the US economy which at the end of his term was the envy of the world. He did fail in a number of things that could be corrected but trump is taking every bad thing biden did and making it worse. Lutnick is harming the US economy and the jobs numbers show it.

 

...when they're allowed out, anyway.

With the hiring freeze implemented in January and some firings since, the Bureau of Labor Statistics has developed a serious data quality issue.