An alternative view on tariffs?

[kallend 2,117]

Here's an alternative view:

The three-judge panel at the US Court of International Trade ruled in favor of a permanent injunction on Trump's global tariffs, one that would block the tariffs TACO announced on “Liberation Day”.  The ruling will also prevent Trump from enforcing the tariffs he placed on imports from Canada, China and Mexico earlier this year.

[BIGUN 1,440]

31 minutes ago, kallend said:

The three-judge panel at the US Court of International Trade ruled in favor of a permanent injunction on Trump's global tariffs, one that would block the tariffs TACO announced on “Liberation Day”.  The ruling will also prevent Trump from enforcing the tariffs he placed on imports from Canada, China and Mexico earlier this year.

Probably something to do with contractual free trade agreements with 20 countries. Whoda thunk it. Guess the rule of law does matter. Now get your ass in front of congress and work out a bipartisan budget. 

Edited Thursday at 01:38 PM by BIGUN

[JoeWeber 2,871]

On 5/21/2025 at 8:19 AM, wmw999 said:

Well, not sure about the point of no return, but definitely in the “decades to recover” territory.

Wendy P. 

Decades? I dunno, the last mob with reptilian brains ruled for 160 million years.

[JoeWeber 2,871]

1 hour ago, BIGUN said:

Probably something to do with contractual free trade agreements with 20 countries. Whoda thunk it. Guess the rule of law does matter. Now get your ass in front of congress and work out a bipartisan budget. 

Don't burn your fajitas celebrating, they had a ready made appeal filed nearly instantaneously and failing there they still have their lapdogs at the Supreme Court.

[kallend 2,117]

Corporate profits fell by $118 billion in the first three months of the year, according to Bureau of Economic Analysis data released yesterday.

[danOnTheRiver 0]

41 minutes ago, kallend said:

Corporate profits fell by $118 billion in the first three months of the year, according to Bureau of Economic Analysis data released yesterday.

Maybe we shouldn't be looking at corporate profits with such a short sighted view? 

[gowlerk 2,260]

2 hours ago, kallend said:

Corporate profits fell by $118 billion in the first three months of the year, according to Bureau of Economic Analysis data released yesterday.

Not a problem. They will just lower executive pay to make up the shortfall.

[gowlerk 2,260]

I was just informed of a price increase on a European made AAD that is being blamed on the 10% tariff being imposed on imports into the USA. Of course I am in Canada, but the distributor of the product is in the US. I will be exploring the possibility of bypassing the North American distributor, or perhaps direct shipping to Canada.

[kallend 2,117]

3 hours ago, danOnTheRiver said:

Maybe we shouldn't be looking at corporate profits with such a short sighted view? 

Maybe his bankrupt casinos, Trump U. and the Trump Foundation will come back to life too.

[JoeWeber 2,871]

3 hours ago, danOnTheRiver said:

Maybe we shouldn't be looking at corporate profits with such a short sighted view? 

That's a data point, useful in the current situation. Maybe you have not owned businesses but often you do need to take a long view; in fact many corporations that currently make no money trade on the stock market. What you never want is a schizophrenic, ignoramus of a president whipsawing the markets and suppliers you rely on forcing you into accepting losses that outside interests think you should ignore.

[BIGUN 1,440]

On 5/29/2025 at 9:59 AM, JoeWeber said:

Don't burn your fajitas celebrating,

I think they were on for minutes when the news came in. Wonder what back door threats to their judgeships were made. 

[dogyks 10]

1 hour ago, kallend said:

Maybe his bankrupt casinos, Trump U. and the Trump Foundation will come back to life too.

The Pennsylvania Liquor Control Board (I think that's the name) ran into a cash shortfall issue some time back, and amazement was expressed that anyone could lose money with a monopoly on the sales of alcohol.  The general consensus is that having a liquor license is easier than simply printing money.

I don't gamble (ever), but a passing familiarity with Stochastics suggests that a casino puts liquor to shame for raw income potential.  Thus, it is an amazing accomplishment that anyone could run a casino into the ground.

The only thing one could hope is that doing so would give one familiarity with handling crushing debt on the best possible terms, but it seems that the only one who tends to prevail is him - with everyone else taking the hit.

Like the anecdote where a British officer told a French officer "we fight for honor and you fight for money."

The response was "of course, one fights for what they don't have."

In Trump's case, he demands loyalty but has none.

[jakee 1,571]

1 hour ago, dogyks said:

I don't gamble (ever), but a passing familiarity with Stochastics suggests that a casino puts liquor to shame for raw income potential.  Thus, it is an amazing accomplishment that anyone could run a casino into the ground.

And yet you voted for him, for the sole reason that he'd be best for the economy. So I guess you don't have a passing familiarity with either stochastics or Trump.

1 hour ago, dogyks said:

The only thing one could hope is that doing so would give one familiarity with handling crushing debt on the best possible terms, but it seems that the only one who tends to prevail is him - with everyone else taking the hit.

Amazing how everyone else knew that before the election but you're only just figuring it out now.

[kallend 2,117]

TACO, and now "the moron premium".

https://www.theatlantic.com/economy/archive/2025/04/trump-truss-moron-premium/682421/

[wmw999 2,560]

28 minutes ago, kallend said:

TACO, and now "the moron premium".

https://www.theatlantic.com/economy/archive/2025/04/trump-truss-moron-premium/682421/

Ah, but his family and buds are better prepared than the Brits, and they don’t care what happens to the “little people” as long as they get rich

Wendy P. 

[JoeWeber 2,871]

3 hours ago, kallend said:

TACO, and now "the moron premium".

https://www.theatlantic.com/economy/archive/2025/04/trump-truss-moron-premium/682421/

Excellent piece.