Liberation Day

The idea that drug makers will bring production back to the us is a pipe dream. Raw material prices of drugs is such a low percentage of what consumers pay, 25% tariff of almost nothing is still almost nothing.

Quite a lot of Americans could help themselves out by looking at THEIR budgets, or lack therof.

A 200$/month Starbucks habit, $300/month streaming services for tv they don’t watch, new bow every year, new truck every 3, etc. A lot of Americans will be just fine. A lot will go bankrupt and lose those houses, trucks, and boats they never could really afford in the first place.

The great resetting, bring it on im ready.
I think you’ve been sold on the idea the enemy is the Starbucks on the corner or consumer spending, or countries we buy and sell with, but that money has been making people rich, it just hasn’t been you or I. The guys selling us on the idea to fight all our trading partners while paying with higher taxes are the top 1% who have been getting richer every decade on our backs. Union busting billionaires are the wrong team to hitch our wagon to.
 
All I know is that growing up all I was told is how great it was that we were able to produce things overseas for super cheap and sell it all here super cheap. It made everything better because your basic needs and wants were made cheaper and you could buy more thus making you richer.

Now I am being told that I should be willing to pay more for items so we can bring manufacturing home. This will increase jobs and make you richer.

The first one worked so well, we have to implement the second one.
 
If they were serious about bringing manufacturing jobs back, they’d spend 100% of the money made with tariffs to provide trade school training to anyone who wants it. Trade schools should have always been something we invested in. Why it’s valuable for snot nose kids to learn a language they will never use, while cutting vocational classes was always beyond me.
 
If they were serious about bringing manufacturing jobs back, they’d spend 100% of the money made with tariffs to provide trade school training to anyone who wants it. Trade schools should have always been something we invested in. Why it’s valuable for snot nose kids to learn a language they will never use, while cutting vocational classes was always beyond me.
Great idea!
 
The idea that drug makers will bring production back to the us is a pipe dream. Raw material prices of drugs is such a low percentage of what consumers pay, 25% tariff of almost nothing is still almost nothing.


I think you’ve been sold on the idea the enemy is the Starbucks on the corner or consumer spending, or countries we buy and sell with, but that money has been making people rich, it just hasn’t been you or I. The guys selling us on the idea to fight all our trading partners while paying with higher taxes are the top 1% who have been getting richer every decade on our backs. Union busting billionaires are the wrong team to hitch our wagon to.
The essence of my post was missed. I couldn’t care less about Starbucks as a company. I’m referring to people spending far more money than they have, rampant consumerism. All you hear is this is going up, thats going up, inflation is up…..STOP SPENDING!

I also know two 20somerhings who buy things like Starbucks using credit cards they dont pay off. Now, i could be wrong but id bet a beer they aren’t alone.

Can’t complain about price of milk going up if youre willing to pay interest on a $9 coffee.
 
Here's a list of items that the US cannot produce or would be extremely difficult for the US to produce:

1. Certain Minerals and Rare Earth Elements: The U.S. is heavily reliant on imports for certain minerals crucial for high-tech manufacturing, including rare earth elements used in electronics, batteries, and magnets. While some domestic production exists or could be developed, it likely could not ever be enough to meet demand or be cost-competitive with established global suppliers.

2. Specialized Pharmaceuticals and Medical Equipment: Some pharmaceuticals and medical devices require highly specialized manufacturing processes or ingredients that might not be readily available or cost-effective to produce in the U.S. We often already have the highest priced Pharmaceuticals in the entire world. Since we can't produce many of these, tariffs will only result in even higher prices.

3. Tropical Agricultural Products: The U.S. climate is not suitable for growing certain tropical crops like coffee, cocoa, bananas, or certain spices. Tariffs on these products would primarily affect consumers without stimulating domestic production. 70% of Americans drink coffee.

4. Certain Types of Electronics and Components: While the U.S. designs and develops many advanced electronics, the manufacturing of certain components, like specific semiconductors or display panels, is often concentrated in other countries due to established supply chains and economies of scale. Tariffs could disrupt these supply chains without necessarily leading to domestic production. Anything that could potentially produce these items domestically is years out and, even then, domestic production would still be more expensive than any tariffed import barring extreme geo political shakeup. AND every country that is a producer knows this.

5. Certain Textiles and Apparel: While some textile and apparel manufacturing exists in the U.S., many types of clothing and fabrics are significantly cheaper to produce in other countries with lower labor costs. Tariffs could raise prices for consumers without substantially increasing domestic production. The production infrastructure doesn't exist to meet large scale demand, building the infrastructure is years out. For outdoor brands, you would have to expect the retail costs to mirror that of the BERRY compliant Arc Terx line. That ~$300 Kuiu rain jacket would cost ~$800.
Outside of mineral production, It’s difficult to understand how we put ourselves in a situation to be so reliant on other countries for these goods. Greed really put us in a challenging spot.
 
"Likely"? This is the same type of "what if" thinking that has hamstrung oil exploration in ANWAR and this nation embracing nuclear power. Mining can be done in an environmentally responsible way. This isn't the 1960s.
Okay, how about "surely"? Water resources are scarce. Mining creates all types of waste that folks do not want finding its way into waterways.

Maybe mining can be done in an environmentally responsible way with proper regulations, but things happen all the time despite regulations. Of course, any regulations that cut into the bottom line to protect to the ecosystem will also be seen as "hamstringing" progress. In any case, I just do not trust a foreign company to care enough about our land to self-regulate in a way that will not impact the local ecosystem. Sorry

It's ultimately a value judgement, and many don't think the trade-off is worth it when the land/water/wildlife is at stake, especially given we're talking about a "wilderness" which is also a limited resource.
 
You may want to do some reading on that.
I have, it appears once the tarrif free sales number is reached aka the cap..it goes up to 243% for milk, up to 298% for butter, up to 245% for cheeses...so basically we will never export over the tarriff free sales number to Canada, aka the cap.
This is why I am asking.
 
Why it’s valuable for snot nose kids to learn a language they will never use, while cutting vocational classes was always beyond me.
I think it is a huge loss that vocational classes are pretty much gone. But it's just economics in our age of no one wanting to pay for anything (except their own toys and lattes). School budgets continue to shrink, and most districts just can't afford the tools, equipment, and insurance to offer shop classes... but you can hire a Spanish teacher for $25K a year.
 
Quite a lot of Americans could help themselves out by looking at THEIR budgets, or lack therof.

A 200$/month Starbucks habit, $300/month streaming services for tv they don’t watch, new bow every year, new truck every 3, etc. A lot of Americans will be just fine. A lot will go bankrupt and lose those houses, trucks, and boats they never could really afford in the first place.

The great resetting, bring it on im ready.
Nothing like being upset about people finally being able to afford some luxuries in life. Better smack that middle class back down to the factory line.
 
Why can we (USA) not source the material and labor?

My understanding is that is what the tariffs are designed to do. Bring the manufacturing and jobs back to the US. IMHO, the government needs to cut some of the regulation and tax burden and make it feasible for everyone involved.
You want to take a pay cut to have a mindless factory job?
 
Nothing like being upset about people finally being able to afford some luxuries in life. Better smack that middle class back down to the factory line.
I don't think that's what he means at all. His point is that "purchasing" an extravagant lifestyle entirely on debt is foolish, and will lead to an economic correction at some point down the line.
Consumer debt is also a mechanism of inflation. We'd be much better off to manage money more wisely as individuals as well as expecting the government to do so.
 
Consumer debt is also a mechanism of inflation. We'd be much better off to manage money more wisely as individuals as well as expecting the government to do so.
Hard not to have to make payments on things after the price increases post COVID.

My first home I put in a new AC/Furnace when my AC died. It was $4200 in 2019. My home I purchased in 2021 the exact same units cost $10,800 from the same installer.

You will destroy the lower- and middle-class increasing prices on basic goods any more than we already have.
 
I was just talking to my mechanic yesterday about tariffs and auto parts.
He was saying that just because you get a part down at Auto Zone for cheap (Chineeze), isn’t the best for your vehicle.
If you want to have your vehicle run at it optimum, buy the parts that are best compatible.
And usually cost more.
 
I was just talking to my mechanic yesterday about tariffs and auto parts.
He was saying that just because you get a part down at Auto Zone for cheap (Chineeze), isn’t the best for your vehicle.
If you want to have your vehicle run at it optimum, buy the parts that are best compatible.
And usually cost more.
The majority of US auto parts are made in Mexico which is also under Tariff threats.

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Nothing like being upset about people finally being able to afford some luxuries in life. Better smack that middle class back down to the factory line.
If they are paying for it with credit cards, loans, govt handouts or they don’t have $100 to save at the end of the month I am here to inform you they can’t afford those “luxuries”.

You know what happens when people who don’t have the money to spend keep on spending it on goods and services they can’t afford via loans, credit cards, and govt handouts? INFLATION!

Then before you know it that middle class you speak of also cannot afford those luxuries and those who never could fall even further behind and around and around we go.

Time to get off that carousel my friend.

Cheers
 
I don't think that's what he means at all. His point is that "purchasing" an extravagant lifestyle entirely on debt is foolish, and will lead to an economic correction at some point down the line.
Consumer debt is also a mechanism of inflation. We'd be much better off to manage money more wisely as individuals as well as expecting the government to do so.
Bingo 👍
 
Okay, how about "surely"? Water resources are scarce. Mining creates all types of waste that folks do not want finding its way into waterways.

Maybe mining can be done in an environmentally responsible way with proper regulations, but things happen all the time despite regulations. Of course, any regulations that cut into the bottom line to protect to the ecosystem will also be seen as "hamstringing" progress. In any case, I just do not trust a foreign company to care enough about our land to self-regulate in a way that will not impact the local ecosystem. Sorry

It's ultimately a value judgement, and many don't think the trade-off is worth it when the land/water/wildlife is at stake, especially given we're talking about a "wilderness" which is also a limited resource.
Do things happen all the time? I would like to see some of the recent reports of active mines polluting water.
 
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