This Is How You Lose the Tariff War

[Suppressed Poet]

Elon Musk referred to the same thing today in his online feud with Peter Navarro, Trump's senior trade advisor. I'm honestly surprised that Musk and Trump's team were able to work together for this long.

They’re still working together. Sometimes people that work together have a different perspective or opinion on a particular subject. It happens. But you wouldn’t understand that through the life experience of living in your mother’s basement.

[ClydeR]

Some perspective.

The sharp decline on that chart was due to COVID, an event largely beyond human control. The current decline is under human control.

[ClydeR]

Remember supply shocks during COVID? Get ready for a supply shock arising from tariffs. Supply shocks cause more tangible and immediate distress than declining 401(k) balances. I hope your car doesn't break down and need a part.

A supply shock is an event that suddenly increases or decreases the supply of a commodity or service, or of commodities and services in general. This sudden change affects the equilibrium price of the good or service or the economy's general price level.

In the short run, an economy-wide negative supply shock will shift the aggregate supply curve leftward, decreasing the output and increasing the price level.[1]

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[Suppressed Poet]

The sharp decline on that chart was due to COVID, an event largely beyond human control. The current decline is under human control.

Oh really? But the last year of Trump’s 1st term & his economic record on jobs / unemployment during that time was totally in his control, right? Please explain your hypocrisy.

[~Rocktar~]

The sharp decline on that chart was due to COVID, an event largely beyond human control. The current decline is under human control.

So, how do you explain the collapse and flat performance from 2022 to 2024? You know, when we had the "strongest economy ever"?

[Suppressed Poet]

Remember supply shocks during COVID? Get ready for a supply shock arising from tariffs. Supply shocks cause more tangible and immediate distress than declining 401(k) balances. I hope your car doesn't break down and need a part.

Perhaps temporarily. Maybe… But in an economy such as ours, if there is enough demand a business will most certainly meet that with supply. Covid shut down production. That doesn’t happen with these tariffs, it’s just going to cost more to import. A better argument is that such common goods like automotive parts will cost more & blanket tariffs lead to inflation.

[Suppa Hobbit Mage]

Remember supply shocks during COVID?

No, I don't. I have defeated your sky is falling analogy.

[Parkbandit]

The sharp decline on that chart was due to COVID, an event largely beyond human control. The current decline is under human control.

Yet, you continue to blame job losses on Trump.. and pretend that Biden "created" so many jobs during his term.

You're a raging hypocritical retard.

[ClydeR]

Perhaps temporarily. Maybe… But in an economy such as ours, if there is enough demand a business will most certainly meet that with supply.

Who in their right mind would invest in a new billion dollar manufacturing factory in the U.S. if the only way it could compete against low foreign wages is if the tariffs stay in place? Considering Trump's fickleness, would you invest in that venture? If Congress had enacted tariffs, after the formation of a national consensus, then it would be an easier investment to justify. But if it all depends on Trump's whims, then forget it.

[ClydeR]

Yet, you continue to blame job losses on Trump.. and pretend that Biden "created" so many jobs during his term.

I said it was "largely" beyond human control. Out of all humans, 99.999999% had no control over it. But there was that one guy....