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90 Day Pause on Tariffs....

News for Sellers as well as Buyers for now.....

 

Market up 2400...insane

Message 1 of 283
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Re: 90 Day Pause on Tariffs....

@gurlcat 

 

From an April 8 analysis provided by the non-partisan Tax Policy Center:

 

If higher tariff-driven import prices reduce demand for foreign products, Trump will achieve his aim of boosting US production. But if demand for those imported goods falls, so will tariff revenue.

 

By contrast, if US buyers continue to purchase imports regardless of higher prices, the tariffs would raise a substantial amount of money. But Trump would fail to achieve his vow to grow US manufacturing.

 

A third outcome is that Trump and US trading partners eventually agree to lower tariffs, which would reduce revenue from the import tax but also soften the blow to US businesses, consumers, and workers.     

 

Seems pretty clear that the third outcome is where we are headed... even with Beijing.  

 

Why with China?  Among other reasons, because just as many American businesses are calculating that Mr. Trump's approach to using tariffs to raise $6 to $7 trillion over the next ten years -- enough revenue to fund an extension of the 2017 Tax Cuts and Jobs Act (TCJA) as well as some of Mr. Trump’s campaign promises, such as tax-free tips, overtime, and Social Security benefits -- are deciding to stay put inside China, as are opting to relocate.

 

Put another way, the entire tariff scheme that has been unveiled seems for all the world to have failed to factor in the possibility that sentient humans might / might not cooperate with Mr. Trump's plans.

 

Whoever would have thought that that would even be possible?  😁

 

As you note elsewhere above, a huge dynamic in all this is how it is perceived by the American public who are NOT fools (despite appearances):  "Our President is not even capable of talking about tariffs in ways that make sense, so that is bound to spook millions of people, and that alone can cause shockwaves in markets ... which is bound to affect us (say it with me) SELLERS." 

eBay seller since 1999. This is a posting ID.
Message 76 of 283
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Re: 90 Day Pause on Tariffs....


@inhawaii wrote:

Nevermind the tariffs.

Even if they are a terrific thing (which most experts agree they are not).

I can't get support this administration.

Character matters to me.

I want my President to be someone of high character, not a convicted felon.

How do Trump supporters  ignore all of the absolutely stupid things he's said and done?

I'll never understand it.

 


Just a few differences in why others disagree with you. Hopefully you can understand that others have different opinions/values and just want the best for everyone, not just to those who think the same as you. 

 

If you want to allow men to pretend so they can take advantage of women rights/opportunities, that is your right to support that.

If you want the border open so opportunities can be taken from citizens (Jobs and Lives) and for poison (fentanyl) to keep flowing in, that is your right to support that.

If you oppose the deportation of violent gang members, that is your right to support that.

If you would like the continuation of the Ukraine war/funding with no end in sight, that is your right to support that.

If you would rather rely on China manufacturing instead of retooling America's infrastructure (manufacturing), that is your right to support. 

If you would rather keep the fraud and abuse that DOGE has uncovered, that is your right to support.

If you think reciprocal tariffs are bad and we should pay more, that is your right to support.

If you think keeping food dyes and other poisons in our food supply is a good idea, that is your right to support.

If you think having a president that speaks without a filter hurts feelings and would rather continue to have one that could barely talk/govern, that is your right to support. 

 

Nothing is perfect and we all should be able to agree that we want the best for our families, neighbors and fellow citizens, regardless of how they think. You don't have to change but elections do have consequences so maybe try to make the best of it. To be clear, i am not suggesting you support anything but instead trying to give you some insight why others do. 

 

 

- Be careful of those who support Luigi.
Message 77 of 283
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Re: 90 Day Pause on Tariffs....

@gurlcat 

 

You are fortunate to have so many positive childhood memories.  😊

eBay seller since 1999. This is a posting ID.
Message 78 of 283
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Re: 90 Day Pause on Tariffs....


@bennotbill wrote:

Trade adviser Peter Navarro said Trump's tariff situation "unfolded exactly the way it should".

 

Which part was that? The bit where some billionaires in the know make more billions on the share market. Was that the real point of the "tariffs".


@bennotbill 

 

Remember that Mr. Navarro served prison time for his refusal to comply with a subpoena from the House Select Committee that investigated the January 6, 2021, US Capitol attack.  

 

 

That's what I call loyalty.

eBay seller since 1999. This is a posting ID.
Message 79 of 283
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Re: 90 Day Pause on Tariffs....


@inhawaii wrote:

@johnrj1226 wrote:

Negotiations  will be going on in the near future  means  nothing is cast in stone yet.  The Prez will be involved in all 70.  Hang on to your seat more is to come.


One minute he is saying there will be no negotiating, the next he is talking about negotiating. One minute (yesterday) he is saying there will be no delays when  flat out asked that question, the next he's announcing a 90 day delay.  What a great leader.


@inhawaii 

 

And this is precisely why the markets tanked and Jamie Dimon publicly declared the imminence of a recession.

 

Uncertainty is what scares people.

 

Which is why Congress exists... a deliberative body that most Presidents throughout our history have consulted on matters of potentially existential importance to the American people.

 

This tariff imbroglio, among other things at play, will have a distinct silver line as far as I'm concerned: curbing the aggregation of excessive executive power -- something that was at the top of the minds of those who drafted our Constitution.

 

Firing tens of thousands of civil servants who are not tenured and whose employment in the USG is likely superfluous in the first place is one thing; turning the retirement accounts of millions of Americans upside down and unthinkingly / deliberately ushering in an economic downturn -- with a whimsical and quasi-legal executive order to boot -- is quite another.

 

By virtue of his vast wealth, Mr. Trump is well positioned to wait out the "adjustments" and painful economic hardships that result from tariffs, indefinitely.  

 

The average American, who elects members of Congress on whom the President in turn depends to get his legislation adopted -- not so much.   (Like most of those who ascend to the White House, Mr. Trump knows nothing about the lives of the average American and has no genuine interest in same... although today's news about easing water flow restrictions suggests he may be making an effort!)

eBay seller since 1999. This is a posting ID.
Message 80 of 283
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Re: 90 Day Pause on Tariffs....

If you oppose the deportation of violent gang members, that is your right to support that.

 

@chevymontecarlo88 

Watching in horror when  people (especially those who have permission to be here) are being hauled out of their cars, homes, schools, workplaces, and on the street  WITHOUT A WARRANT and due process because they were "suspected" of being gang members is abhorrent.  Where is the proof, or is proof not needed anymore?  "Guilty until proven innocent" is now replaced with "guilty because someone (you are not allowed to know)  says you are". Too bad you are from Venezuela, have a student or work visa.  You have dark skin and tattoos so you must be a criminal.  Your new home is in El Salvador where  (someone is paying the government  there to imprison you).  

OOOOPPPPSSSs.  Perhaps the ICE man will take you and just call it a mistake.

Such blatant Fascism under the guise of "patriotism"  should not continue. It is this ^^^^^^^ many people do not support.    Every one of your list of statements above can be countered with an intelligent more informed response.  Here is not the place. 


 

 

Message 81 of 283
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Re: 90 Day Pause on Tariffs....

@inhawaii 

 

As you suggest, personality -- NOT policy -- is what drives most people to vote for a particular candidate.

 

And the appeal of personality is definitely in the eye the beholder.

 

ETA: This is especially the case since the advent of the internet and social media and the 24 hour news cycle -- which among other things have had the cumulative effect of reducing the collective short term memory of American voters to that of a fruit fly.  

 

Anyone else here remember that Gary Hart -- front-runner for the 1988 Democratic presidential nomination -- abandoned his quest for the White House amid revelations of extramarital affairs?  Today, rumors of an extramarital affair would likely boost a candidate's popularity, if it was even remembered in the first place.

eBay seller since 1999. This is a posting ID.
Message 82 of 283
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Re: 90 Day Pause on Tariffs....


@chevymontecarlo88 wrote:

@inhawaii wrote:

Nevermind the tariffs.

Even if they are a terrific thing (which most experts agree they are not).

I can't get support this administration.

Character matters to me.

I want my President to be someone of high character, not a convicted felon.

How do Trump supporters  ignore all of the absolutely stupid things he's said and done?

I'll never understand it.

 


Just a few differences in why others disagree with you. Hopefully you can understand that others have different opinions/values and just want the best for everyone, not just to those who think the same as you. 

 

If you want to allow men to pretend so they can take advantage of women rights/opportunities, that is your right to support that.

If you want the border open so opportunities can be taken from citizens (Jobs and Lives) and for poison (fentanyl) to keep flowing in, that is your right to support that.

If you oppose the deportation of violent gang members, that is your right to support that.

If you would like the continuation of the Ukraine war/funding with no end in sight, that is your right to support that.

If you would rather rely on China manufacturing instead of retooling America's infrastructure (manufacturing), that is your right to support. 

If you would rather keep the fraud and abuse that DOGE has uncovered, that is your right to support.

If you think reciprocal tariffs are bad and we should pay more, that is your right to support.

If you think keeping food dyes and other poisons in our food supply is a good idea, that is your right to support.

If you think having a president that speaks without a filter hurts feelings and would rather continue to have one that could barely talk/govern, that is your right to support. 

 

Nothing is perfect and we all should be able to agree that we want the best for our families, neighbors and fellow citizens, regardless of how they think. You don't have to change but elections do have consequences so maybe try to make the best of it. To be clear, i am not suggesting you support anything but instead trying to give you some insight why others do. 

 


 I get it. You like the things he's doing. I don't. You like that he pardoned violent criminals just because they were his supporters, I don't.  You like that he wants to take over Canada and Greenland, I don't.  You like that he suggested injecting disinfectant to kill covid, I don't. You like that he said he likes to grab women by the...  I don't. It seems no matter what he says or does, no matter how stupid or immoral, you're behind him all the way. No wonder this is the first administration in history, democrat or republican, to be called a cult.

 

 

 

M*A*S*H theme - Johnny Mandel
Message 83 of 283
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Re: 90 Day Pause on Tariffs....

Yeah it's amazing how many people are into the 'Drunken Host On A 1970's Variety Show' vibe. 
EDIT:  From a dude who (shockingly) does not drink. 

Message 84 of 283
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Re: 90 Day Pause on Tariffs....


@gurlcat wrote:

Yeah it's amazing how many people are into the 'Drunken Host On A 1970's Variety Show' vibe
EDIT:  From a dude who (shockingly) does not drink. 


Are you speaking about Kamala? 🤔 

 

I would say it is amazing how some can argue anything on the list below. I will refrain from making the common generalizations about others just to get a helpful/like. We all want the same thing and the pause on the tariffs (90 days) does seem like a good thing. We will see. Your opinions do matter but don't take it personal if others disagree with you. We do have more in common than what divides us. 

 

 

If you want to allow men to pretend so they can take advantage of women rights/opportunities, that is your right to support that.

If you want the border open so opportunities can be taken from citizens (Jobs and Lives) and for poison (fentanyl) to keep flowing in, that is your right to support that.

If you oppose the deportation of violent gang members, that is your right to support that.

If you would like the continuation of the Ukraine war/funding with no end in sight, that is your right to support that.

If you would rather rely on China manufacturing instead of retooling America's infrastructure (manufacturing), that is your right to support. 

If you would rather keep the fraud and abuse that DOGE has uncovered, that is your right to support.

If you think reciprocal tariffs are bad and we should pay more, that is your right to support.

If you think keeping food dyes and other poisons in our food supply is a good idea, that is your right to support.

If you think having a president that speaks without a filter hurts feelings and would rather continue to have one that could barely talk/govern, that is your right to support. 

 

 

 

- Be careful of those who support Luigi.
Message 85 of 283
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Re: 90 Day Pause on Tariffs....


@gurlcat wrote:

Yeah it's amazing how many people are into the 'Drunken Host On A 1970's Variety Show' vibe. 
EDIT:  From a dude who (shockingly) does not drink. 


@gurlcat 

 

Mr. Trump does not drink because his brother was an alcoholic and died from the disease.  

 

I've heard at least a couple of interviews in which Mr. Trump has said that he does not want to even take a sip of alcohol, lest he discover that he too is genetically predisposed to alcoholism... and cannot stop drinking himself.   

 

Now, that may seem to be a minor insight, but truth be told, I think that Mr. Trump is generally an intelligent individual.   I've seen videos of his appearances on talk shows and comedy programs from many years ago, and he also seems to have a good sense of humor -- or at least he did at one time, as I don't remember the last time I saw him laugh in public.

 

However... there is an obvious psychological / character component that affects or otherwise determines his behavior (his own father's brutalizing treatment of him and his siblings is well known; Mr. Trump, as one result among many, divides the world into "winners" and "losers" -- his older alcoholic brother was placed into the latter category as a child by their father), and it is unclear to me whether Mr. Trump knows this or if he even cares.  

 

(Mr. Trump is, ironically, extremely familiar to me: not making any comparisons here, but my own father -- a highly intelligent person who could speak 7 languages -- had a similarly bombastic style and like Mr. Trump, had many character deficits, most notably being wholly unaware of, and singularly unconcerned about, how his behavior affected other people.)

 

Having worked in the USG and interacted at times with those who populate 1600 Pennsylvania Ave, I have a very rudimentary understanding of the pressures on the chief executive.  It is not a job for the average, "normal" person.  The decisions that one must make often require one to suspend completely one's empathy, civility and humanity.  

 

As a result, I tend to not be overly critical of the occupant of the Oval Office, but rather of the policies that they pursue.

eBay seller since 1999. This is a posting ID.
Message 86 of 283
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Re: 90 Day Pause on Tariffs....

It's like we've got a bad reality tv show instead of a government. The horror is in not being able to change the channel.

There is the law of unintended consequences. China hold a whole lot of our debt what happens when they cash in? 

Message 87 of 283
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Re: 90 Day Pause on Tariffs....

I was seeing the news from the other day when someone wanted to report that in order to move the market (probably someone who had the power to start that rumor just to get out of their positions).  That day it was fake.

 

  I didn't know this was a thing again today, I was wrong.  It's getting old.  Back and forth.  I've decided to not pay attention anymore.  I can't take the yo-yo trade policies anymore.  It's exhausting trying to keep up.  I'm not touching my portfolio anymore.  I'm just riding it out.

Message 88 of 283
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Re: 90 Day Pause on Tariffs....

Right, but he displayed this persona BEFORE he became President.  It's part of what appealed to his voters which is what you were talking about ^ before:

"As you suggest, personality -- NOT policy -- is what drives most people to vote for a particular candidate.

 

And the appeal of personality is definitely in the eye the beholder."

Message 89 of 283
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Re: 90 Day Pause on Tariffs....

Nice try, but I'm not interested today, sorry. 

Message 90 of 283
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