Tariffs

[Jacked Dad]

Tariffs will be the end of MAGA.

[GymnJuice]

Tariffs will be the end of MAGA.

Maybe. I know this might be an unpopular opinion, but I’m a fan of tariffs over income taxes. Conceptually, it feels fairer to tax what people buy rather than what they earn. Plus, it could shift American habits in a good way. There’s so much waste in our society. Maybe this would push us to be more frugal. Why does someone making $50k a year drop $50k on a car or eat out every night?

[Humble Narcissist]

Maybe. I know this might be an unpopular opinion, but I’m a fan of tariffs over income taxes. Conceptually, it feels fairer to tax what people buy rather than what they earn. Plus, it could shift American habits in a good way. There’s so much waste in our society. Maybe this would push us to be more frugal. Why does someone making $50k a year drop $50k on a car or eat out every night?

Totally agree.

[IroNat]

Everything You Need to Know About Trump's Tariffs and Fixing America’s Working Class

[Coach is Back!]

Tariffs will be the end of MAGA.

Just like in his first term, right?

[Grape Ape]

Disruption is always uncomfortable.

[Humble Narcissist]

Disruption is always uncomfortable.

If the tariffs work you will see the media and historians working overtime to give credit to anyone or anything but Trump.

[LurkerNoMore]

I can't wait for these countries to start paying our tariffs.  Our prices will never go up right?

[Coach is Back!]

Not going lie here. I woke up, looked at the markets and slightly hyperventilated. But I get why this is being done…

[IroNat]

The stock market has been over-valued for years and due for a correction.

Tesla was (is?) an example of an insanely over-valued stock.

Those not sensibly diversified will learn a hard lesson.

It's a scenario repeated over and over and some people never
learn.

https://www.currentmarketvaluation.com/models/buffett-indicator.php

[GymnJuice]

The stock market has been over-valued for years and due for a correction.

Tesla was (is?) an example of an insanely over-valued stock.

Those not sensibly diversified will learn a hard lesson.

It's a scenario repeated over and over and some people never
learn.

https://www.currentmarketvaluation.com/models/buffett-indicator.php

The market has not made sense to me since covid.

I've always done the simple 3 fund portfolio with ETFs of bonds, US stocks, and international stocks. More recently I put a ~5% allocation to a bitcoin index fund (not recommended by my usual conservative advisors). I've always thought of bonds as the traditional way to hedge against a market downturn but with a devalued dollar it makes me wonder about gold which I've never done.

[IroNat]

The market has not made sense to me since covid.

I've always done the simple 3 fund portfolio with ETFs of bonds, US stocks, and international stocks. More recently I put a ~5% allocation to a bitcoin index fund (not recommended by my usual conservative advisors). I've always thought of bonds as the traditional way to hedge against a market downturn but with a devalued dollar it makes me wonder about gold which I've never done.

You'll end up fine doing that.

I can't give advices on bitcoin except as a place to risk money you can afford to lose.
Who knows though it could pay off.

Gold is strictly a hedge against financial  armageddon.  It produces no income and historically has only matched inflation at best.  The gold shills always advertise heavily during uncertain times, playing on fear.

[deadz]

If you can’t handle the dips in the market you probably can’t afford to be in the market. MAGA or GTFO!

[Primemuscle]

If you can’t handle the dips in the market you probably can’t afford to be in the market. MAGA or GTFO!

For those who cannot afford dips in the market, you are correct. If the market crashes, it is a completely different story because almost no one can afford this. 

[IroNat]

If you can’t handle the dips in the market you probably can’t afford to be in the market. MAGA or GTFO!

MAGA!!!!!!!!

[LurkerNoMore]

Not going lie here. I woke up, looked at the markets and slightly hyperventilated. But I get why this is being done…

[Coach is Back!]

https://www.zerohedge.com/markets/us-payrolls-unexpectedly-soar-228k-above-highest-estimate

[LurkerNoMore]

https://www.zerohedge.com/markets/us-payrolls-unexpectedly-soar-228k-above-highest-estimate

Which has nothing to do with tariffs does it?  That's what this thread is about.

[Coach is Back!]

Trump Says Vietnam Offers to Cut Tariffs on America to Zero

https://www.breitbart.com/politics/2025/04/04/trump-says-vietnam-offers-cut-tariffs-america-zero/

[Coach is Back!]

seems we didn't screw them enough 50 years ago

You realize it's communist Vietnam, right?

[IroNat]

If Tariffs are so good for the country why are so many oil and fossil fuel products exempted ?
https://www.whitehouse.gov/wp-content/uploads/2025/04/Annex-II.pdf 

It's all about what's in U.S. interest.

Yougottaproblemwithat?

[LurkerNoMore]

I don't remember anything being said about the tariffs being such a boo-boo from day one.

We do have tariffs right?  I know the last couple times El Orange-O had them on then off then on then off, couldn't make his mind up.  So are they like "a thing" now or what?

[IroNat]

but why is it in the national interest that fuel industry is being discriminated against. Why are they being deprived of the tariff benefits available to other industries ?

Our simple minds are not capable of understanding.

[B_B_C]

[ProudVirgin69]

If you can’t handle the dips in the market you probably can’t afford to be in the market. MAGA or GTFO!

$6T of wealth gone isn’t a “dip”, it’s a historic event.

I think Trump has some good policies but this tariff thing is one of the dumbest of all time. Someone please explain how making goods more expensive for Americans—who already struggle to get by—is a good thing.  Because to me it appears as though it will plunge this country straight into a deep recession, if not a depression.