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Featured Replies

21 hours ago, Francisco 2.0 said:

He truly sounds stupider with each passing day.

 

 

 

 

 

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Yuge.

Trump will announce a ‘major trade deal’ with the UK Thursday

Quote

Not a real ‘deal’

Despite the administration’s rhetoric that it is in advanced trade negotiations with more than a dozen countries, actual trade deals take significant time, often years, to hash out. They typically involve incredibly complex agreements, delving into the minutiae of various goods and non-tariff barriers. They often involve significant political considerations, as various parties seek to protect voters with special interests.

Instead, the “deal” Trump announced is more like a memorandum of understanding. That may result in lower tariffs on one particular country’s goods in the near term, but they’ll do little that amounts to a substantial economic win for quite some time.

In return for the United States easing the burden of the steel and aluminum tariffs on the United Kingdom, UK officials have proposed easing digital tax levies on large US tech companies and a concrete negotiating pathway to a more wide-ranging deal, the people said.

The announcement surprised some UK officials, who viewed recent weeks of talks as productive, but not reflective of an imminent agreement.

“This is expected to be a ‘heads of terms’ agreement which sets the broad contours of the arrangement,” JPMorgan analyst Allan Monks wrote in a note to clients Thursday. “The full details are yet to be determined bilaterally and will follow further negotiations”

JPMorgan said the scope of the deal appears limited, because US tariffs on the UK are expected to remain higher than they were before Trump’s “Liberation Day” announcement on April 2. The economic benefit to the United Kingdom will be small, Monks said.

 

11 minutes ago, South Austin said:

There is no off ramp and there will be no off ramp. They can throw parties for themselves and manipulate markets by press releases but refusing to remove tariffs is the whole game. 
 

Oh and data shows we have a trade surplus with the UK so if they can’t get tariff relief… well we’re headed for a worldwide recession. At some point the stock market will stop trading on vibes but that’s probably not until stores are empty and mass layoffs start. 

So are you saying I need to stock up on gin? Because most American gin is ass. Even that Canadian Ryan makes better gin.

 

On 5/6/2025 at 9:27 PM, chainsaw said:

A very unlubed dildo

dwayne-johnson-raised-eyebrow.gif

Have there been any reports detailing how much money is flowing into the US treasury from tariffs? I’m sure it will be very little compared to the stifled economic output, but would still be interesting to know.

17 minutes ago, Larry T. Spider said:

Have there been any reports detailing how much money is flowing into the US treasury from tariffs? I’m sure it will be very little compared to the stifled economic output, but would still be interesting to know.

Whatever that number may be it will be dwarfed by the cost of IRS cuts and lack of tax enforcement which will cost at least $500 billion. Plus those dollars come at a cost of lost trade, small businesses closing, and layoffs. So great, some dollars may have come in the door but there won’t be a trucking industry by fall. 

1 hour ago, Pig Bellmont said:

There is no off ramp and there will be no off ramp. They can throw parties for themselves and manipulate markets by press releases but refusing to remove tariffs is the whole game. 
 

Oh and data shows we have a trade surplus with the UK so if they can’t get tariff relief… well we’re headed for a worldwide recession. At some point the stock market will stop trading on vibes but that’s probably not until stores are empty and mass layoffs start. 

When a a voice who REALLY tries to be neutral and just call balls and strikes like Kai is using terms like "they're jerking our chain," that should give you some indication of what an utter shitshow this is.

13 minutes ago, Brisketexan said:

When a a voice who REALLY tries to be neutral and just call balls and strikes like Kai is using terms like "they're jerking our chain," that should give you some indication of what an utter shitshow this is.

That’s true but he’s been pretty consistent voicing the stupidity and self harm of the tariff policy. His refrain is “there is a reason tariffs end in -ffs” [for fuck sake]

Imagine going back in time to 2004 and hearing that a future Republican president would impose an import tariff on the United Kingdom. 

Edited by Bozo_Casanova

3 minutes ago, Bozo_Casanova said:

Imagine going back in time to 2004 and hearing that a future Republican president would impose an import tariff on the United Kingdom. 

That would be cutting and running, when we should be staying the course

  • Popular Post

Master fuckin negotiator at work here. 

Trump Announces Trade Deal With Britain

The agreement is the first since President Trump imposed stiff tariffs on dozens of America’s trading partners. Trump said the deal would remake the global trading system, even as he added that its details were still being finalized.

https://www.nytimes.com/live/2025/05/08/us/trump-uk-trade-news

Edited by Vegas64

What were the import tariffs on good from UK before the deal (December 2024) and what are they after the deal? (Hint: they are higher in many cases)

https://www.investors.com/news/economy/us-uk-trade-deal-trump-tariffs-reciprocal-digital-services-sp-500-amzn-googl-meta/

 

Quote

Here are the other key elements of the deal reported by CNN. The U.S. is set to give some ground on the 25% tariffs imposed on auto and steel imports from the U.K.

In return, along with accepting the 10% reciprocal tariff rate, the U.K. will pare back or eliminate its 2% tax on digital services revenue from search engines, social media and online marketplaces. The digital services tax raises over $1 billion a year from the likes of Amazon, Facebook and Google. Amazon was up 1.5%, Meta 1.75% and Alphabet 2.5% early Thursday.

So we go from 0-10% import tariff across the board (Exceptions available to meme coin holders), 25% import tariff cars and auto parts (EBC Brake pads?) and UK reduces the services tax on digital services companies.  So not manufacturing?  I thought that was the whole purpose to get our manufacturing exports up.

Oh there are some airliners or parts in the deal? 

Quote

Lutnick said the U.S. will allow in Rolls Royce jet engines with no tariffs. At the same time, he said that an unnamed U.K. airline will announce a plan to buy $10 billion worth of Boeing (BA) commercial planes later today.

Further, Lutnick said the U.K. is opening up $5 billion in ethanol, beef and machinery trade to U.S. businesses, though details weren't clear.

Un-named airline is buying some Boeing jets.  Doesn't sound like a long term trade deal, sounds like a one time purchase order that is not part of a strategic deal.  Why are we focused so tactically?  Is Trump going to claim credit for every international purchase order?  

So we (Consumers) are going to pay more for everything.  This is the model for future deals.  We will pay more.

Edited by TexasEd

I don't necessarily agree that it's Trumps strategy because he's a moron without a plan, but Yanis is always good for an economics history lesson.

29 minutes ago, Firemans4Horn said:

Idiot

 

 

Jesus Christ. We're doomed.

25 minutes ago, Todd Gack said:

I don't necessarily agree that it's Trumps strategy because he's a moron without a plan, but Yanis is always good for an economics history lesson.

A hallmark of Trump's first term was that Trump would announce something idiotic, people would fall over themselves explaining why this idiotic idea was actually was not stupid and was part of some grand plan, and then the idiotic idea would be quietly sidelined.

I guess the difference this time is that the stupid plan gets implemented. But stooges continue to try to build this lie that they are not idiotic.

1 hour ago, Larry T. Spider said:

Have there been any reports detailing how much money is flowing into the US treasury from tariffs? I’m sure it will be very little compared to the stifled economic output, but would still be interesting to know.

So nobody knows? Surprised Trump isn’t in the news touting how much we are “profiting” off all the “winning”.

On 5/3/2025 at 12:56 PM, GSU&UT said:

I keep seeing articles how shelves will start to empty out after May 10th and it's really freaking me the fuck out. How fucked are we?

 

im sure the anal bead industry will adjust, you're good 

59 minutes ago, Vegas64 said:

Trump Announces Trade Deal With Britain

The agreement is the first since President Trump imposed stiff tariffs on dozens of America’s trading partners. Trump said the deal would remake the global trading system, even as he added that its details were still being finalized.

https://www.nytimes.com/live/2025/05/08/us/trump-uk-trade-news

IMG_3749.jpeg.6f5de13f3f0c6567c17676f0ffcb0408.jpeg

 

so other countries can dump their auto parts into Britain, then sell them to the US ?

 

Working on getting my new club outfitted and geared up for Junior Olympics this summer.  Looks like the bags my clubs have been using for years won't be an option. Got this email yesterday.

Coach,

 
Please excuse my late email here, but it was brought to my attention of a hiccup we are having when I was building out the bag to be put on your site. 
 
We use TYR as our vendor for bags, and they are currently out of stock of the color we chose with no signs of replenishment. On top of that, TYR has their bags made in China and unfortunately, it doesn't look like they will be replenishing any inventory due to the tariffs placed on China. They have a small number of black bags on hand, but those will be sold out within the next two days.
1 hour ago, wildcat09 said:

Master fuckin negotiator at work here. 

Just like his father at the end; except instead of a fake office and phone, he's in the most powerful office on the planet. Just uttering nonsense.

6 minutes ago, Chico_SA said:

Working on getting my new club outfitted and geared up for Junior Olympics this summer.  Looks like the bags my clubs have been using for years won't be an option. Got this email yesterday.

Coach,

 
Please excuse my late email here, but it was brought to my attention of a hiccup we are having when I was building out the bag to be put on your site. 
 
We use TYR as our vendor for bags, and they are currently out of stock of the color we chose with no signs of replenishment. On top of that, TYR has their bags made in China and unfortunately, it doesn't look like they will be replenishing any inventory due to the tariffs placed on China. They have a small number of black bags on hand, but those will be sold out within the next two days.

Dude....you'll get the new Trumplandia alternative bags, and you'll like it....

image_62321.jpg

1 hour ago, wildcat09 said:

Master fuckin negotiator at work here. 

Trump begging for a meeting with Xi by preemptively offering an indicative concession of an 83% tariff cut doesn’t seem like he’s controlling the terms of negotiation to you?

10 minutes ago, Bozo_Casanova said:

Trump begging for a meeting with Xi by preemptively offering an indicative concession of an 83% tariff cut doesn’t seem like he’s controlling the terms of negotiation to you?

I mean, we were assured by the board's smartest poster that all this tariff shit was strategic, but I'm just not seeing it. 

1 hour ago, Firemans4Horn said:

Idiot

 

 

 

dumb.png.7af010d532c96fdf3709a10d593e9338.png

 

1 hour ago, Todd Gack said:

I don't necessarily agree that it's Trumps strategy because he's a moron without a plan, but Yanis is always good for an economics history lesson.

This is a really insightful video and it shows the project 2025 playbook to:

  • Devalue the dollar because the financial services industry is like an oversized parasite on our diminishing manufacturing industry and we're at an inflection point.
  • The goal is to bring in investment from Germany, Japan and Taiwan into the US 
  • Focus on our remaining strategic advantages like Big Tech (not mentioned were defense, large aircraft, space, etc.)
    • Reshoring will come but not with jobs due to automation.  Example was the MacBook assembly line in Austin being fully automated.
    • We'll see deregulation of industries that will actually negatively impact jobs like self driving cars, drone or autonomous vehicle deliveries
  • Trump's double barrel shotgun has two barrels
    • Tariffs - fired and reshaping the global markets with higher import tariffs here to stay.  The Huge numbers are to have something to negotiate down from (Say 25% down to 10%) but that the tariffs will stay in place on all imports.
    • Tax reduction - Still in the barrel and it will be for the richest, industry based to incentivize factories and prop up real estate values.
    • Trump will sell out the working class in favor of the Real Estate class
  • Average workers will be hurt by this.
1 hour ago, Larry T. Spider said:

So nobody knows? Surprised Trump isn’t in the news touting how much we are “profiting” off all the “winning”.

Well, for one thing imports seem to be slowing down in a lot of sectors.

Guess what, if there are no imports  . . .  there are no tariffs.

Breaking: Trump has negotiated with McDonald’s to add the McRib back to the menu.

7 minutes ago, Fastbreak said:

Breaking: Trump has negotiated with McDonald’s to add the McRib back to the menu.

Well, if there's gotta be some good that comes out of all this fascism . . . .

Well, if there's gotta be some good that comes out of all this fascism . . . .

Even a bad wind blows some good now and then.
27 minutes ago, tigol said:


Even a bad wind blows some good now and then.

Says me, after eating two McRibs on the way back from the coast after a long day of fishing.

Brooklyn small business that sells Raspberry Pi, 3D printers, computer accessories and whatnot:

 

https://blog.adafruit.com/2025/05/08/high-tariffs-become-real-with-our-first-36k-bill/

 

36k-adafruit.jpg

 

 

Quote

We’re no stranger to tariff bills, although they have definitely ramped up over the last two months. However, this is our first ‘big bill’, where a large portion was subjected to a 125%+20%+25% import markup. Unlike other taxes like sales tax where we collect on behalf of the state and then submit it back at the end of the month, or income taxes, where we only pay if we are profitable, tariff taxes are paid before we sell any of the products and are due within a week of receipt which has a big impact on cash flow.

 

Quote

n this particular case, we’re buying from a vendor, not a factory, so we can’t second-source the items (and these particular products we couldn’t manufacture ourselves even if we wanted to, since the vendor has well-deserved IP protections). And the products were booked & manufactured many months ago, before the tariffs were in place. Since they are electronics products/components, there’s a chance we may be able to request reclassification on some items to avoid the 125% ‘reciprocal’ tariff, but there’s no assurance that it will succeed, and even if it does, it is many, many months until we could see a refund.

We’ll have to increase the prices on some of these products, but we’re not sure if people will be willing to pay the higher cost, so we may well be ‘stuck’ with unsellable inventory that we have already paid a large fee on.

 

 

Well, for one thing imports seem to be slowing down in a lot of sectors.
Guess what, if there are no imports  . . .  there are no tariffs.

Yeah…that and the money comes from inside our own country so there is no “profit” or actual revenue doing into the country.
12 hours ago, Pig Bellmont said:

Whatever that number may be it will be dwarfed by the cost of IRS cuts and lack of tax enforcement which will cost at least $500 billion. Plus those dollars come at a cost of lost trade, small businesses closing, and layoffs. So great, some dollars may have come in the door but there won’t be a trucking industry by fall. 

So you're saying that I should start... uhhh... "losing" my 1099s?

12 hours ago, Bozo_Casanova said:

Imagine going back in time to 2004 and hearing that a future Republican president would impose an import tariff on the United Kingdom. 

giphy.gif

9 hours ago, South Austin said:

Well, if there's gotta be some good that comes out of all this fascism . . . .

we're-gonna-win-sopranos.gif

12 hours ago, Born to Run said:

Just like his father at the end; except instead of a fake office and phone, he's in the most powerful office on the planet. Just uttering nonsense.

And no media calling him out.  We're all eventually going to be unemployed in about 6 months.  Better stock up on dog and cat food, toiletries and non perishables I guess.  On the plus side, I'll probably be cycling more.  On the down side, buying pharmaceuticals just got more expensive.  So what happens to insurance during lost wages and inflation?  Do people just not pay them?     

No one can afford cobra anyway. People will just clog emergency rooms and build up huge medical debt. Once 10s of millions of people owe 10s and 100s of thousands in medical debt and the insurance industry collapses we may get change.

18 hours ago, Firemans4Horn said:

Idiot

 

 

So we are just going to decrease the volume of trade to the point net $ of exported goods = net $ of imported goods. Brilliant 

We stop importing and those dollars stop boomeranging back to buy stock and treasuries.  Cool cool.

37 minutes ago, Sawbonz said:

So we are just going to decrease the volume of trade to the point net $ of exported goods = net $ of imported goods. Brilliant 

You didn't know that was how it was supposed to work? -MAGA

Gosh, regular Americans haven’t learned this much this fast about basic economics since late 2008, and that turned out OK, right?

1 hour ago, Sawbonz said:

So we are just going to decrease the volume of trade to the point net $ of exported goods = net $ of imported goods. Brilliant 

No imports at all!  NIAA!

Fuck your coffee, your Scotch and Irish whiskey, your krautwagens and British loudspeakers.

His understanding of “trade deficit” is like his understanding of asylum seekers 

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