China scores the first victory Trump’s trade war

You should have stopped there. We know how it is going to turn out because we have been there and done that before. Trump's tariffs are collectively higher than those enacted with the Smoot-Hawley act. 

Trump is trying to break Hoover's record for the dumbest play in the history of trade. 

Inigo, how was the status quo not working?  Trump campaigned mostly on how terrible America had become under Biden, how everyone was suffering.  But the "status quo" had resulted in a very high standard of living for Americans at least since WW2.  Predictably, the crazy post-war prosperity only lasted about 25 years, but we've never had a third-world standard of living.  And predictably, inflation made life difficult post-pandemic but that was improving in 2024.

I don't understand economics well, but I do understand that the intent is to subvert competition with other nations.  This isn't 1790, though, we've been dependent on a global economy for maybe a century.  So now we're going to buy American, right?  Bananas aren't really grown in the United States.  Android phones aren't made in the United States.  I don't think there's much uranium or lithium mined in the United States (not sure).  Yeah, theoretically a lot of the imports could eventually be made here.(not all), but what's going to happen to all the working class folks in the interim?

Yes, he did start a tariff war. How much do you think the welfare bailout for the farmers will be this time? It was $23 billion last time he wrecked their export market.

‘Here’s your check’: Trump’s massive payouts to farmers will be hard to pull back - POLITICO

Yes, the status quo is working, maybe not for you, but for most folks it is. While you keep predicting a massive bubble pop, I continue to collect dividends and capital gains like I have since the '80's, and investing during the dot-com bubble(2000-2002), The Great Recession(2007-2009), The COVID Pandemic(2020), and the Interest Rate Hikes(2020). Gold, on the other hand, pays no dividends and surges briefly in times of crisis. Which never lasts.

Have you heard of reciprocal tariffs?  That's all he's doing and it's easily fixed, they drop theirs.  Why should the USA be tariffed and they get to trade freely?

😂 Damn Aaron you really do walk through life clueless. Within an hour of Trump posting the largest tax increase in US history, it was discovered that Trump's new tariffs were not reciprocal. It turns out the numbers he claims other countries were charging us were entirely made up by the Trump administration. 

https://www.factcheck.org/2025/04/trumps-misleading-tariff-chart/

For Aaron, it's only true if some nameless right-wing blogger says it.

I don't click on factcheck.org links anymore, huge bias.  Same reason I avoid Fox News.

I guess your mind is so fragile you have to hide the truth from it?  The numbers Trump claimed other countries were charging us were entirely made up and in a lot of cases pure fiction.

Here is Jim Cramer on Trump's tariff math.

https://www.rawstory.com/jim-cramer-2671672228/

Trump's administration said how they calculated their tariff policy.  You dont have to get it from any news source.    It was determined by trade deficit - not those countries' tariffs.    Many of the countries on his list dont tariff our goods....we just buy more from them then they buy from us.

So according to Trump's narrative and his math.....impoverished nation Lesotho in Africa whose population is the same as Idaho's should be buying as much of our products as we buy of theirs.    And if they dont then they are ripping us off.  And their tarriff rate will 50%   Thats his story.  That was his presentation.   And thats why he needs to be institutionalized.   

 Thats your stable genius, successfull businessman that went bankrupt 8 times.