Wealthy business leaders are turning on [the convicted felon] over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world.
Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war.”
Jamie Dimon, CEO of JPMorgan Chase, warned Monday that the tariffs threatened to raise prices, drive the global economy into a downturn and weaken America’s standing in the world.
0
HEADLINES today . . .
London CNN —
Wealthy business leaders are turning on [the convicted felon] over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world.
Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war.”
Jamie Dimon, CEO of JPMorgan Chase, warned Monday that the tariffs threatened to raise prices, drive the global economy into a downturn and weaken America’s standing in the world.
Wealthy business leaders are turning on [the convicted felon] over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world.
Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war”
Jamie Dimon, CEO of JPMorgan Chase, warned Monday that the tariffs threatened to raise prices, drive the global economy into a downturn and weaken America’s standing in the world.
Echoing Ackman, Simon MacAdam, deputy chief global economist at consultancy Capital Economics, said businesses were likely to hold off making investments due, in large part, to the “sheer uncertainty” of Trump’s tariff policy.
1
Quote Originally Posted by fubah2:
HEADLINES today . . .
Turning on trump
London CNN —
Wealthy business leaders are turning on [the convicted felon] over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world.
Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war”
Jamie Dimon, CEO of JPMorgan Chase, warned Monday that the tariffs threatened to raise prices, drive the global economy into a downturn and weaken America’s standing in the world.
Echoing Ackman, Simon MacAdam, deputy chief global economist at consultancy Capital Economics, said businesses were likely to hold off making investments due, in large part, to the “sheer uncertainty” of Trump’s tariff policy.
I would say pay more attention to the message than the messenger (Ackman). The point is that a lot of company CEOs and those that handle money likely feel the same.
0
@kcblitzkrieg
@wallstreetcappers
I would say pay more attention to the message than the messenger (Ackman). The point is that a lot of company CEOs and those that handle money likely feel the same.
By launching a economic war against the world, Trump is destroying confidence in US as a place to do business. Billionaires are turning against Trump tariffs. Ackman warns that business investment could grind to a halt and consumers spend less. Fisher says Trump plan is stupid wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools.
1
By launching a economic war against the world, Trump is destroying confidence in US as a place to do business. Billionaires are turning against Trump tariffs. Ackman warns that business investment could grind to a halt and consumers spend less. Fisher says Trump plan is stupid wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools.
Delusional Trump claims the world has been ripping off the US for years. Obsession with victimhood, humiliation or national decline is among characteristics of fascism.
1
Delusional Trump claims the world has been ripping off the US for years. Obsession with victimhood, humiliation or national decline is among characteristics of fascism.
Republican Rand Paul criticizes Trump tariffs strategy as fundamentally backwards. It's based on the fallacy every trade has a winner and loser. Actually, every trade is mutually beneficial.
2
Republican Rand Paul criticizes Trump tariffs strategy as fundamentally backwards. It's based on the fallacy every trade has a winner and loser. Actually, every trade is mutually beneficial.
a couple of differences between RON VARRA AKA PETER NAVARRO and a real economist
(1) probably the biggest reason we have a 'trade deficit' is because we are the biggest and richest consumer in the world (and we therefore buy more stuff than other countries); and (2) tariffs are the dumbest way to keep manufacturing and jobs in the US...like using a hammer to fix a leaky pipe.
1
a couple of differences between RON VARRA AKA PETER NAVARRO and a real economist
(1) probably the biggest reason we have a 'trade deficit' is because we are the biggest and richest consumer in the world (and we therefore buy more stuff than other countries); and (2) tariffs are the dumbest way to keep manufacturing and jobs in the US...like using a hammer to fix a leaky pipe.
Another trash day in the markets, DOW reverses 1500 points and NAZ 1000 from the highs, I might be in the minority but even if this ends up "winning" this is a really stupid way to go about it and harms MANY people in the process.
1
Another trash day in the markets, DOW reverses 1500 points and NAZ 1000 from the highs, I might be in the minority but even if this ends up "winning" this is a really stupid way to go about it and harms MANY people in the process.
Another trash day in the markets, DOW reverses 1500 points and NAZ 1000 from the highs, I might be in the minority but even if this ends up "winning" this is a really stupid way to go about it and harms MANY people in the process.
Agreed... And I don't even think this will end up winning. Tariffs help "maybe" 5% of the population's workforce... at the expense of hurting everyone else. We are all Consumers. It's Not a very wise strategy, but Trump appears to be going to the ends of the earth to help the autoworkers, steelworkers who voted for him in the Rust Belt and Western PA. At Trump's Tariff roll last week at the White House, I saw lots of hard hats, bright vests, and Trump even had one of these guys speak at the podium, too. I applaud his appreciation for wanting to help these workers, but this is not the way forward....
0
Quote Originally Posted by wallstreetcappers:
Another trash day in the markets, DOW reverses 1500 points and NAZ 1000 from the highs, I might be in the minority but even if this ends up "winning" this is a really stupid way to go about it and harms MANY people in the process.
Agreed... And I don't even think this will end up winning. Tariffs help "maybe" 5% of the population's workforce... at the expense of hurting everyone else. We are all Consumers. It's Not a very wise strategy, but Trump appears to be going to the ends of the earth to help the autoworkers, steelworkers who voted for him in the Rust Belt and Western PA. At Trump's Tariff roll last week at the White House, I saw lots of hard hats, bright vests, and Trump even had one of these guys speak at the podium, too. I applaud his appreciation for wanting to help these workers, but this is not the way forward....
Yes its a head scratcher and seems to be more about a bully principal than actual benefit. Uniman was bragging about Europe lowering US auto tariffs from 10% to much less and people actually think this is victory and validation but in full clear financial facts this is Europe giving Trump a shiny penny to stroke his clueless zero ego while gaining exponentially more in return.
The US is not an auto exporter or really even a manufacturer since now Stellanis owns Chrystler and Jeep and Dodge, our US full manufacturing is miniscule while the EU exports a large multiple to the US so the puny paper concession is a massive win for their industry.
When Trump decided to do lazy blanket tariffs the potential benefit is lost and he comes off like a financial fool. Then you add that corps dont want to rebuild here while taking a loss on foreign manufacturing costs and pay a massive premium for US union workers just to save a small tariff. None of this is grounded in logic or financial analysis but then since Trump is involved I am not at all surprised at yet another hair brained thoughtless action just to be the tough guy.
1
@Rush51
Yes its a head scratcher and seems to be more about a bully principal than actual benefit. Uniman was bragging about Europe lowering US auto tariffs from 10% to much less and people actually think this is victory and validation but in full clear financial facts this is Europe giving Trump a shiny penny to stroke his clueless zero ego while gaining exponentially more in return.
The US is not an auto exporter or really even a manufacturer since now Stellanis owns Chrystler and Jeep and Dodge, our US full manufacturing is miniscule while the EU exports a large multiple to the US so the puny paper concession is a massive win for their industry.
When Trump decided to do lazy blanket tariffs the potential benefit is lost and he comes off like a financial fool. Then you add that corps dont want to rebuild here while taking a loss on foreign manufacturing costs and pay a massive premium for US union workers just to save a small tariff. None of this is grounded in logic or financial analysis but then since Trump is involved I am not at all surprised at yet another hair brained thoughtless action just to be the tough guy.
Let’s all just collectively and in unison band together and agree to stop buying anything made in China . We can start a movement . That way the tariffs will be obsolete and pointless , and they can just do away with them and put them as they were and back to normal but we all get the added benefit of buying American made things where the money goes to the American worker and company . It might even make more jobs too !!
I’ll start . I’m in . I don’t need anything made over there . Come on guys . Whaddaya say ?
you all in with me ? We’re going streaking ! You still think KFC is open ?
BACK PATTING and KISSING threads are like passing HAM SANDWICHES around over and over-wall
0
Let’s all just collectively and in unison band together and agree to stop buying anything made in China . We can start a movement . That way the tariffs will be obsolete and pointless , and they can just do away with them and put them as they were and back to normal but we all get the added benefit of buying American made things where the money goes to the American worker and company . It might even make more jobs too !!
I’ll start . I’m in . I don’t need anything made over there . Come on guys . Whaddaya say ?
you all in with me ? We’re going streaking ! You still think KFC is open ?
To this degree and severity yes. Now if it keeps going and then we see credit cracks that will be a reason why a further drop will happen but this event added to the valuations we had prior are a good reason to sell harder.
These tariffs and reactions can be a gut punch for corps and thus the markets.
2
@BigGame90
To this degree and severity yes. Now if it keeps going and then we see credit cracks that will be a reason why a further drop will happen but this event added to the valuations we had prior are a good reason to sell harder.
These tariffs and reactions can be a gut punch for corps and thus the markets.
Trumpy actually believes his tariffs are gonna make companies make everything here. USA is already the biggest manufacturer in the world behind china, so there is lots of companies and people doing well from the jobs we already have here. They are saying trumpy actually believes people want jobs making iphones and nike's here when he couldnt be further from the truth. People in our country dont want those jobs. One comedian said it best, we want to wear nikes not make them.
Whats sad is our countries brand has been damaged and who knows how many years that will take to fix.
2
Trumpy actually believes his tariffs are gonna make companies make everything here. USA is already the biggest manufacturer in the world behind china, so there is lots of companies and people doing well from the jobs we already have here. They are saying trumpy actually believes people want jobs making iphones and nike's here when he couldnt be further from the truth. People in our country dont want those jobs. One comedian said it best, we want to wear nikes not make them.
Whats sad is our countries brand has been damaged and who knows how many years that will take to fix.
a couple of differences between RON VARRA AKA PETER NAVARRO and a real economist
(1) probably the biggest reason we have a 'trade deficit' is because we are the biggest and richest consumer in the world (and we therefore buy more stuff than other countries); and
(2) tariffs are the dumbest way to keep manufacturing and jobs in the US...like using a hammer to fix a leaky pipe.
@cd329
Hammer - Nail - Head right there!
Basically,
we have a very high overall standard of living. Labor costs are NOT cheap!
Other nations, particularly Asian, have lower standards of living overall, and with that comes CHEAP LABOR.
Ergo, products produced over there are (or can be) ALWAYS CHEAPER THAN MADE IN AMERICA.
Companies from around the world, including American, relocate over there to benefit from much, MUCH cheaper labor costs in order to increase profits (commonly reflected in stocks/dividends to AMERICAN shareholders!) It's a win for the overseas country gaining business/jobs; a win for the company profits (obviously); a win for consumers all over the world (especially America!) being able to purchase CHEAPER products; and a win for shareholders who will benefit from greater profits.
Financially, those businesses are better off staying put even with tariffs raising costs on American importers.
Americans, both middle income and lower income, definitely want to pay the CHEAPER prices. But tariffs raise the costs SIGNIFICANTLY and actually price-out many Americans who then can't/WON'T afford them. Many import/export businesses in USA will fail/bankrupt.
The convicted felon may or may not realize it but basically he is saying " F U American consumers! I made stupid promises and I have to stick with it or risk losing face on Fox News "
2
Quote Originally Posted by cd329:
a couple of differences between RON VARRA AKA PETER NAVARRO and a real economist
(1) probably the biggest reason we have a 'trade deficit' is because we are the biggest and richest consumer in the world (and we therefore buy more stuff than other countries); and
(2) tariffs are the dumbest way to keep manufacturing and jobs in the US...like using a hammer to fix a leaky pipe.
@cd329
Hammer - Nail - Head right there!
Basically,
we have a very high overall standard of living. Labor costs are NOT cheap!
Other nations, particularly Asian, have lower standards of living overall, and with that comes CHEAP LABOR.
Ergo, products produced over there are (or can be) ALWAYS CHEAPER THAN MADE IN AMERICA.
Companies from around the world, including American, relocate over there to benefit from much, MUCH cheaper labor costs in order to increase profits (commonly reflected in stocks/dividends to AMERICAN shareholders!) It's a win for the overseas country gaining business/jobs; a win for the company profits (obviously); a win for consumers all over the world (especially America!) being able to purchase CHEAPER products; and a win for shareholders who will benefit from greater profits.
Financially, those businesses are better off staying put even with tariffs raising costs on American importers.
Americans, both middle income and lower income, definitely want to pay the CHEAPER prices. But tariffs raise the costs SIGNIFICANTLY and actually price-out many Americans who then can't/WON'T afford them. Many import/export businesses in USA will fail/bankrupt.
The convicted felon may or may not realize it but basically he is saying " F U American consumers! I made stupid promises and I have to stick with it or risk losing face on Fox News "
"Other nations, particularly Asian, have lower standards of living overall, and with that comes CHEAP LABOR."
On a whole, I'd agree here. Adding that in my 3 months in Bali last summer lower (or lack) of regulations on goods / services helps with their lower costs. Similar in other countries I've stayed in.
Meanwhile, I can't put up drywall in my house here without permits.
0
@fubah2
"Other nations, particularly Asian, have lower standards of living overall, and with that comes CHEAP LABOR."
On a whole, I'd agree here. Adding that in my 3 months in Bali last summer lower (or lack) of regulations on goods / services helps with their lower costs. Similar in other countries I've stayed in.
Meanwhile, I can't put up drywall in my house here without permits.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
HEADLINES today . . .
Hammer - Nail - Head right there! 
I made stupid promises and I have to stick with it or risk losing face on Fox News " 
Hot Forum Topics
