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SWBTATTReg

(26,426 posts)

7. Down only 10% ... so far that is...will go down more...

Sun Mar 25, 2018, 10:46 AM

Mar 2018

China tariffs is only the tip of the iceberg. tRUMP is going to piss off (if he hasn't already) our trading partners who will slap more and more stuff against any US products being imported into their countries. Just wait.

The US is not as isolated as the world used to be, and the ramifications of a tariff war now has consequences no one has foreseen yet. Critical metals needed for highly specialized manufacturing in this country (these metals are mined / extracted elsewhere) will get harder and harder and industries here in the US will be forced to pay higher prices for such materials.

The dollar will come under severe pressure as the Chinese and others change their dollar policies (instead of dollars for payments etc., will demand payments in other currencies). On and on and on.

Will not be pretty.

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Highlight:

Mnuchin: I don't expect tariffs to have a big impact on the economy [View all] DonViejo Mar 2018 OP

Niether Mnuchin or drumpf know sh't about the economy or what they are doing. democratisphere Mar 2018 #1

Talk about living in a bubble! dhol82 Mar 2018 #2

Then......why impose them????? dameatball Mar 2018 #3

Exactly! nt backtoblue Mar 2018 #16

Dow down 10% since tariff talk started. yallerdawg Mar 2018 #4

No big effect on the market? Firestorm49 Mar 2018 #5

good thing he still has his fancy panty wife Angry Dragon Mar 2018 #20

Says a guy who doesnt drink canned beer underpants Mar 2018 #6

... and doesn't shop at Walmart William Seger Mar 2018 #14

Yep. All food production underpants Mar 2018 #18

Down only 10% ... so far that is...will go down more... SWBTATTReg Mar 2018 #7

Nah, it just means that "middle class tax cut" won't cover the rising prices at Walmart William Seger Mar 2018 #8

Three billion in new tarrifs. Maxheader Mar 2018 #9

Mnuchin also just said Line Item Vetos can be gotten around and OliverQ Mar 2018 #10

Has he looked at the stock market lately? C_U_L8R Mar 2018 #11

oh, dear god... paleotn Mar 2018 #12

Translation: I don't expect tariffs to have a big impact on me PSPS Mar 2018 #13

I wonder if hed like to take a look at my 401K? BlueIdaho Mar 2018 #15

Hank Paulson, September 15th, 2008 BumRushDaShow Mar 2018 #17

Excuse me, Agolf Twitler's tariff on imported solar panels will cost 30% of sinkingfeeling Mar 2018 #19