Stock Market & Economy is getting wrecked

[ikeo1]

Tariffs need to be applied to the worst offenders and non-allies first, i.e. they should be used as a scalpel rather than a chain saw

Precisely, these kind of sharp moves causes instability. It’s like crashing your car to update it. Some things won’t be the same or as good while your car stays in the shop. Rich people have another car and keep going while we wait for parts to be made local. Regular folks have to take the bus or walk until then.

I get the premise but the implementation is too abrupt.

 

[WretchedBadger]

And back up it goes….

Don't look now...

 

[ikeo1]

it actually looks like we’re in an economic war now with China and escalating with other countries.

It’s gonna take some time for this to make its way through retail but it’s definitely coming.

No new wars include economic? This is definitely going to destabilize the economy more.

https://www.reuters.com/world/china-criticises-trump-tariff-blackmail-market-turmoil-settles-2025-04-08/

Anyone see positive outcome out of this? It’s a global pissing contest now.

 

[ikeo1]

The cool thing about AI is it gives people more creative power.

If manufacturing was to come back to the US. How many Americans would be running to do these jobs in the factories?

Their culture is one of dedication work that’s a different style that US dedication. They’ll live in a campus separated from their families for months at a time to produce goods. Productivity here will have to adjust along with the people.

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What states would be best suited to pick up manufacturing?

This of course is only one representation. If you have another one in your mind. Describe it and I’ll see if I can use AI to bring it to life.

 

[Jimi Jah]

I got price increases on imported chips. Some went from 70 cents to 6 bucks each. No way any tarrif would go up that much. This is on chips already here in the US imported weeks ago.

Reminds me of California gas pricing. That also goes up instantly on fuel awaiting sales at the local filling station. That fuel was already paid for weeks before the price increase.

 

[dudelookinguy]

I got price increases on imported chips. Some went from 70 cents to 6 bucks each. No way any tarrif would go up that much. This is on chips already here in the US imported weeks ago.

Reminds me of California gas pricing. That also goes up instantly on fuel awaiting sales at the local filling station. That fuel was already paid for weeks before the price increase.

That is not unique to CA. Prices rise immediately at the pump and fall slowly when oil prices change.

 

[vplaza96]

The cool thing about AI is it gives people more creative power.

If manufacturing was to come back to the US. How many Americans would be running to do these jobs in the factories?

Their culture is one of dedication work that’s a different style that US dedication. They’ll live in a campus separated from their families for months at a time to produce goods. Productivity here will have to adjust along with the people.

It should be pointed out that their 'dedication' isn't necessarily out of the desire to produce quality goods and that they live separated from their families because of an intrinsic need to produce goods. Instead, they are in a situation where they have to work in those conditions in order to make some sort of living. So, I don't want us to oversimplify how we look at how foreign workers may seem more dedicated than US workers. The reality is most of those workers have no choice.

The critical word is 'choice'. One work force doesn't have one and one work force, for the most part, does.

 

[DJD100]

In any event the dollar as the world's reserve currency is truly in danger from Trump and his morons, while I'm sure Putin and the BRICK's folks will be having big fun at our expense going forward if sanity doesn't prevail going forward. IMO, killing the dollar's reign as the world's reserve currency, which will not do wonders for our national debt, all while Herr Musk destroys the federal government for a max possible savings of less than 1% of GDP is insanity.

Then there's the MAGA Debt Ceiling raise of 4 or 5 trillion dollars?

Plus, this lower house tactic is particularly egregious (committee slipped in a provision which stipulates that for the remainder of the first session of the 119th Congress").

It can seem like a day on Capitol Hill never ends. Last week the House Rules Committee made that feeling a reality.

Amid debate over the rule that set up a floor vote on the continuing resolution to keep the government open through Sept. 30, the chamber’s “traffic cop” committee slipped in a provision which stipulates that for the remainder of the first session of the 119th Congress, there would be no more calendar days — at least as far as President Donald Trump’s emergency tariffs are concerned.

The language included in the rule for the CR paused “calendar days” under a national emergencies law, effectively curbing House Democrats’ ability to force a vote on whether to terminate three national emergencies Trump declared on Feb. 1, 2025, to launch a maelstrom of tariffs directed at Canada, Mexico and China.

The 1976 law establishing the ability of presidents to declare a national emergency, conferring on them unusually flexible authorities, provides a fail-safe mechanism for Congress to ensure the president doesn’t, in lawmakers’ eyes, go too far.

The National Emergencies Act requires committees to report a bill to terminate a national emergency within 15 calendar days after its introduction and referral, and a floor vote on passage must occur three days later. But, if the calendar day never turns over, emergency termination measures can be left to die in committees unless brought to the floor under a special rule or discharge petition.

“It’s a way for minority members to force a vote in the House, for example, if they don’t like tariffs, they could put everybody, every Republican, on the record about Trump’s tariffs,” said Josh Huder, senior fellow at Georgetown University’s Government Affairs Institute.

Slow moving coup...