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Breaking: all reciprocal tariffs halted for 90 days EXCEPT on China. Tariff rates over 100% on Chinese exports.
So it seems like it’s more of a targeted war against China specifically? Likely giving other nations time to choose (with us or against us), and slapping the nations who chose to align with China with huge tariffs in 90 days.
Interesting choice to make as a country then… do we want cheap goods from China but lose access to the American market? Or do we want to be able to sell to Americans?
The next “stick” will be weaponizing the financial system against China-aligned nations, while China dumps treasuries and tries to spark a financial crisis.
https://www.zerohedge.com/markets/china-holds-back-retaliation-opts-strategic-messaging-through-white-paper-trade
I've largely ignore all the tariff talk the last, jeeze, two weeks? Three weeks? It's just repetitive top level posts really adding nothing over and over and over again, everyone so certain they know what's going to happen.
Nobody knows what's going to happen. Did anyone know this would happen? Does anyone know what happens next?
I'm just so tired with everyone's vapid obsession with tariffs. To the point where it feels like a psyop. I've repeated my criteria for the Trump administration, and my hesitancy to rush to judgement too quickly. I'm waiting until the mid terms to see if my life has gotten better, or worse. I don't care about twitter post, I don't care about stock market swings, I do care about inflation, but in the "Has my pay risen faster than my grocery bill" sense and not a "Here's how the federal reserve is lying with statistics" kind of way.
Can we all reflect, for a moment, about all the breath and ink that has been feverishly spilled over this topic the last two weeks, to come to what? Do we even know what this point is supposed to represent? Or what tomorrow's tweets will be?
We've had topic bans before, and honestly I wouldn't be opposed to a month long ban on tariff discussion. Or putting it into it's own thread. Might as well be arguing alternate histories as far as I'm concerned.
Look, I understand finding a topic uninteresting but we're talking about a thing that could upturn the whole world economy. And the reason there is so much uncertainty about it is because the president of the united states is intentionally yoyoing us back and forth across the precipice. It's not a psyop that this is being discussed, some thing are actually genuinely important.
But it is very tiring to see people suddenly pop up acting like they're experts after months of low/no engagement, just because they suddenly have a stick they can hit people with.
I keep asking them tariff questions from last year and never get a response, because they never cared about tariffs until this week.
Trump blowing his own foot off and staggering around bleeding while the stock market tanks and his supporters flood the internet with contradictory asspulled copes about what he might be trying to do isn't actually tiresome or boring, no matter how little some people want to talk about it. If you guys don't like it, minimize the subthreads like everyone else does for everything else they don't care about.
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Tariffs weren't really a huge deal until last week. They were generally considered bad policy with a couple edge cases and much of America's presence in the world was preaching free trade, which in practice meant no to low tariffs. Trump's hallucinated list of tariffs imposed on us notwithstanding there was bipartisan consensus that they were bad policy outside of very specific targeting. When the bear wakes up from its long hibernation and begins mauling people it is unsurprising that bear related discussions go from very rare to quite frequent.
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The thing is, to me it seems that high tariffs are obviously bad for me, in a way that many of Trump's other policies are not obviously bad for me. I'd prefer to keep buying cheaper products, as opposed to more expensive products. I have no desire to go work in manufacturing. And I care almost nothing at all about the US becoming self-sufficient in national security-related products because as far as I am concerned, the oceans and the nukes are all we need to keep the US safe from any major threat.
Given that tariffs offer me nothing that I value, and only seem to offer me bad things, of course I go criticize them online. It's not some general attempt to bash Trump on my part, it's a specific criticism of a specific Trump policy that I would really prefer he dropped.
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Why is 4 different from the others?
I still don't care about coronaviruses or airplane cockpit security; the threats were wildly overblown by a single high-profile incident. We didn't need to respond to covid at all(and indeed, the correct response- both with the information available at the time and with benefit of hindsight- was to just shoot the chicken littles trying to shut down society over it and declare it 'not a big deal') and 9/11 can be safely considered a one off event.
So the real question becomes 'why are tariffs more like mortgage backed securities than covid?'
The cockpit security doors are less obviously insane than most of the anti-Twin-Towers measures. There's a drawback in the whole "pilot suicide" issue, but pilot suicides are a lot less bad than ramming attacks and are in some ways easier to stop.
Yes, the Flight 93 scenario is the norm now which makes it far harder to pull off a lookalike, but some defence in depth isn't crazy.
As far as I know they are the only such security measures to have resulted in the loss of an aircraft Germanwings 9525 with all aboard. Pilot suicides might be less bad than ramming attacks... but it's an open question about whether they are less common, or if the security doors enable more suicides-with-all-aboard than they do mitigate ramming attacks.
They are much more common but the right comparison would be between pilot suicides and ramming attacks if the latter was still possible. But the safety doors don't really matter for pilot suicides, they happened just as much before and logically you don't need a long time to crash a plane. You couldn't do it the way the germanwings guy did it but the SilkAir way would still work.
References: https://en.wikipedia.org/wiki/Suicide_by_pilot#By_pilots_in_control_of_whole_flight
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This doesn't even seem to be that big of a problem in the US. The largest differences from the Germanwings flight being:
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I actually don't follow in terms of how mortgage-backed securities are different than the other two examples here. If anything I think the tariffs are the odd one out here, since my modal expectation is that Trump walks them back and there is approximately zero long-term impact (at least relative to the other three examples). If you had said "4 is different because it's a nothingburger" I would admit you might have a point -- but to say that tariffs are nothingburgers like 9/11 and covid, not real like the GFC... I notice that I am confused.
My original point was just that there is frequently some Event which impacts everyone, and where everyone gains strong opinions about Adjacent Topic where they didn't really have an opinion on Adjacent Topic before Event, and so pointing out that people had no opinion about Adjacent Topic before Event isn't particularly informative.
Mortgage backed securities are different in that they actually had an effect different from people reading too much into them following a high-profile news story. You couldn’t have just ignored sub-prime mortgages in ‘08 the way you could have the virus in 2020.
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