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Posted
52 minutes ago, Red Five said:

So he starts off saying that Wal-Mart should not be trying to blame tariffs for raising prices. Ok. He then says that they should just eat the tariffs. And lose money. So he's acknowledging that eh whatever fuck it he's just a moron.

Don’t even try man. It’s too stupid for a rational brain to handle. 

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Posted
3 hours ago, Red Five said:

Sounds to me like someone with no fucking clue how the world works. Yeah Wal-Mart, just go ahead and take a bath and lose a shitpot of money. Because.... reasons? Dotard said so?

So he does want to increase corporate taxes?  That’s interesting. 

Posted (edited)

They're eating the price increases. They're eating the tariffs. Eat the tariffs. Eat eat the tariffs. /set to the tune of Eat the Cat by the Tik-Tok generation. 

Edited by mdmost
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Posted
6 hours ago, mdmost said:

"Business man" president is shocked that corporations act like corporations who only look out for themselves at the expense of consumers? I'm sure he always ate the cost of things for his organizations and never passed along the cost to others. 

He knows they can't do that. He also knows that tweeting it out makes it sound like he is on the side of the people. It's all performative posturing.

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Posted
7 hours ago, Francisco 2.0 said:

 

 

I can't wait to see the calls for MAGA to boycott Walmart.  That will go over well.

The rubes will be crawling back in despair within 48 hrs.  If I was Walmart, I would jack up prices even more once they do crawl back.

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Posted (edited)

why would trump want Walmart to eat the tariffs?

i thought the whole point was to:

1. raise the tariffs on Chinese goods

2. companies in order to make a profit, pass the expensive of Chinese made goods to the American consumer

3. products made in America as a result become comparatively less expensive

4. demand for American goods increases and as a result more manufacturing jobs in America for said American goods in demand

 

Does Trump understand what he is trying to do? For the plan to work there has to pain to the consumers, not pain for businesses. If Walmart eats the tariffs none of this works; it just decimates American businesses, with little to no effect on the Chinese. Good plan.

Edited by yoladu
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Posted
4 hours ago, mdmost said:

They're eating the price increases. They're eating the tariffs. Eat the tariffs. Eat eat the tariffs 

The Haitians? 

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Posted
2 hours ago, Thatguy said:

He knows they can't do that. He also knows that tweeting it out makes it sound like he is on the side of the people. It's all performative posturing.

This. It's all bullshit to pretend he cares about people when in reality he gives no fucks at all.

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Posted
1 hour ago, yoladu said:

Does Trump understand what he is trying to do?

No.  Not about this, or any other topic.

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Posted (edited)

Communist dictatorships using strict price controls could not stop inflation, what hope does a bloviated orange moron have?

Its either shortages or price increases, and there is not a damn thing the loser can do about it.

Edited by linux
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Posted (edited)
11 hours ago, linux said:

Communist dictatorships using strict price controls could not stop inflation, what hope does a bloviated orange moron have?

Its either shortages or price increases, and there is not a damn thing the loser can do about it.

well, he can stop enacting pointless and vindictive tariffs, for starters. there's plenty he could be doing to help jolt the economy. the problem is he's doing the opposite. don't give him a pass on this shit

Edited by Longhorn_Fan68
Posted
1 minute ago, Longhorn_Fan68 said:

well, he can stop enacting pointless and vindictive tariffs, for starters. there's plenty he could be doing to help jolt the economy. the problem is he's doing the opposite. don't give him a pass on this shit

Prices already went up (see GPUs) and they are very very unlikely to come down, the damage is done, he can prevent future inflation however and that is where the ball is on his court (and I hope he bricks it)

Posted
1 hour ago, Sbbruin said:

He's always been so full of shit. What a con artist
 

This is not a surprise to anyone who has a functioning brain.

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Posted
He's always been so full of shit. What a con artist



I wish a journalist like Barbara Walters would push back that hard on him today
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Posted (edited)

JFC, with Bond Yields jumping today, I can't believe I'm saying this: Chip Roy is right.  I'm not saying massive cuts to Medicaid is the solution (it's not), but finding some offsets for this tax bill is a must. 

Ideally, the tax bill would look totally different, but that chance walked out the door last November. 

Edited by Bateshorn
Posted
28 minutes ago, Bateshorn said:

JFC, with Bond Yields jumping today, I can't believe I'm saying this: Chip Roy is right.  I'm not saying massive cuts to Medicaid is the solution (it's not), but finding some offsets for this tax bill is a must. 

Ideally, the tax bill would look totally different, but that chance walked out the door last November. 

What are the dollar estimates for the tax cuts and the cuts to Medicaid in the bill? Over 10 years or whatever.

Posted (edited)
10 minutes ago, retread said:

What are the dollar estimates for the tax cuts and the cuts to Medicaid in the bill? Over 10 years or whatever.

It's hard to pitch out 10 years because so much of the bill is set to expire in 3-5 years to keep it kinda sort of reasonable.  If it were made hard permanent, my guess is it's deficit effects would be mindblowing. 

Here's a decent summation of the latest iteration from Congressional Budget Office. 

  • The Ways and MEans portion is the tax cuts, so 3.7 trillion deficit adding
  • The Energy and Commerce are Biden renewable energy tax credit claw backs and Medicaid: $988 billion in revenue raisers
  • The Ag section is SNAP (Food Stamp) clawbacks. 

But again, that assumes the parts of the bill that are set to expire will be allowed to expire and not renewed by a future congress.  We are actually doing a tax bill because most of the personal income tax cuts from the 2017 bill were designed to expire this year to keep the score down. 

Edited by Bateshorn
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Posted
13 minutes ago, Bateshorn said:

It's hard to pitch out 10 years because so much of the bill is set to expire in 3-5 years to keep it kinda sort of reasonable.  If it were made hard permanent, my guess is it's deficit effects would be mindblowing. 

Here's a decent summation of the latest iteration from Congressional Budget Office. 

Thank you.

Posted

Somebody help me out here.   Trump yammering about a 50% EU tariff followed by his normal walk back for 90 days always seems to make the stock market happy.

How is it good for business keeping everyone on pins and needles and not making decisions until late summer - when hopefully everyone will figure out what tariffs there are and how they work when many products contain parts from different countries?   My decidedly uninformed mind keeps thinking that the longer there is uncertainty and business people can’t make plans, the worse off the economy will be in the long-term.   

This seems like it should be feeding a looming recession instead of a cause for stock market joy.   Why is another round of no one knows what the fuck is happening a good thing?

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Posted
6 minutes ago, Gatorubet said:

Somebody help me out here.   Trump yammering about a 50% EU tariff followed by his normal walk back for 90 days always seems to make the stock market happy.

How is it good for business keeping everyone on pins and needles and not making decisions until late summer - when hopefully everyone will figure out what tariffs there are and how they work when many products contain parts from different countries?   My decidedly uninformed mind keeps thinking that the longer there is uncertainty and business people can’t make plans, the worse off the economy will be in the long-term.   

This seems like it should be feeding a looming recession instead of a cause for stock market joy.   Why is another round of no one knows what the fuck is happening a good thing?

the stock market is completely decoupled from reality and any type of earnings or actual economic productivity. I wouldn't really relate the two as they are not at all aligned right now. 

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Posted
2 minutes ago, immamac said:

the stock market is completely decoupled from reality and any type of earnings or actual economic productivity. I wouldn't really relate the two as they are not at all aligned right now. 

Also, reality is completely uncoupled from reality.  The market doesn't react to Trump's tariff statements anymore because they don't mean anything unless and until a tariff is actually imposed.  Which maybe it will be.  Maybe it won't be.  Who knows?

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Posted
12 minutes ago, Gatorubet said:

Somebody help me out here.   Trump yammering about a 50% EU tariff followed by his normal walk back for 90 days always seems to make the stock market happy.

How is it good for business keeping everyone on pins and needles and not making decisions until late summer - when hopefully everyone will figure out what tariffs there are and how they work when many products contain parts from different countries?   My decidedly uninformed mind keeps thinking that the longer there is uncertainty and business people can’t make plans, the worse off the economy will be in the long-term.   

This seems like it should be feeding a looming recession instead of a cause for stock market joy.   Why is another round of no one knows what the fuck is happening a good thing?

Most stock trading these days is just gambling on short-term movement, so the longer-term effects of uncertainty don't really factor in.

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Posted
1 hour ago, wildcat09 said:

Most stock trading these days is just gambling on short-term movement, so the longer-term effects of uncertainty don't really factor in.

So - the US economy is actually the Aggy roller coaster?  Got it.

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Posted
3 hours ago, Gatorubet said:

Somebody help me out here.   Trump yammering about a 50% EU tariff followed by his normal walk back for 90 days always seems to make the stock market happy.

How is it good for business keeping everyone on pins and needles and not making decisions until late summer - when hopefully everyone will figure out what tariffs there are and how they work when many products contain parts from different countries?   My decidedly uninformed mind keeps thinking that the longer there is uncertainty and business people can’t make plans, the worse off the economy will be in the long-term.   

This seems like it should be feeding a looming recession instead of a cause for stock market joy.   Why is another round of no one knows what the fuck is happening a good thing?

Trader's are calling it "Taco," Trump Always Chickens Out.  That's what they are trading these days. Not the economy, earnings, revenue, cash flow, whatever. 

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Posted
3 hours ago, Brisketexan said:

Also, reality is completely uncoupled from reality.  The market doesn't react to Trump's tariff statements anymore because they don't mean anything unless and until a tariff is actually imposed.  Which maybe it will be.  Maybe it won't be.  Who knows?

The hell they don't.  He announced a pause with the EU until July 9 and VOO went off.  I swear he's just doing this shit so his cronies can make a killing.

Posted
1 minute ago, Bateshorn said:

Lol.  Everything loaded by Apr 5 was exempt.  So 6 days later…. The horror.

 

look I don’t think the tariffs are a good idea.  But his general buffoonery has got the country pretty blase about what should be a big discussion point.  4d chess?  No idea.  But tariffs are currently being collected on everything being imported.

Posted
11 minutes ago, Incredulity said:

4d chess?  No idea.  But tariffs are currently being collected on everything being imported.

https://www.tradecomplianceresourcehub.com/2025/05/27/trump-2-0-tariff-tracker/

nope.  All countries are being assessed a 10% tariff - unless they are country specific in which case they are probably delayed or on hold country by country.   The key here is that if there is a specific country agreement, then that supersedes the 10% and we are collecting nothing.



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