More than 50 countries have reached out to the President to begin tariff negotiations

[CriticalStinker]

All I posted was what the average American household costs would be, to illustrate most were overreacting, which is why I included YMMV in an earlier post. ​​​​

Depending on your industry sector and which country you import and/or export to and from makes a huge difference, thus the YMMV, which is a common abbreviation for "your mileage may vary." which is analogous to while Im happier than a pig in shit, your particular experience may differ. 
 

That's fair. I only use a tank a month, and I get pretty high milage.

I just don't anticipate anything different in the grand scheme of things. 

I remember a lot of the big talking points when I voted for him in 16':

• Hillary using private communication: and now we have top government officials using Signal and an Israeli clone.
  
• Financial corruption with the Clintons, Obamas, Bush/Cheney, Pelosi, Ect. : Now we see crypto coins from the president that account for 40% of his net wealth, since becoming president. Some of which is proven to be foreign, and easy to validate on the blockchain. (This doesn't even account for alleged conflicts of interest like a donated jet that could be transferred to the Trump Presidential Library).
  
• Reducing the federal debt : His first term was record breaking in terms of spending and debt. One could say that it was because of COVID. But then you could look at the first two years. He also had the house those first two years. One could argue, it was the fault of the Rhinos and Democrats who controlled the house. But he doesn't have to sign those. That doesn't even take into account the fact the Big Beautiful Bill will raise the debt ceiling higher than ever. While it may not directly increase spending right now, it will certainly give the latitude for the federal government to do so in the coming years.
  
• Fighting the deep state: The idea that there is a sect of government that has more control than the entirety has always been argued. I'm one to agree. I don't see how Trump's admin is different thought. The creative arm of his inner circle have found ways to circumvent the government as a whole. I don't see how that is different than a deep state. Someone can argue that's what they voted for, and agree with it all they want. But I know they won't support another president with a different agenda using the same tactics, and neither would I.
  

They were all bad, for decades. They're all complicit, I'm not sure who was the worst. But acting as if one person, or group for that matter is purely to blame perpetuates the issue. If we act as if the problem lies with only one group, we ignore that they all took part. Take a look at the wealth of politicians and the rich. They didn't take a hit in 08' or COVID. We did, we know how much more everyday things cost. 

Let's see where the debt is in a few years. Let's be honest about how much more things cost. And I hope everyone will genuinely compare that to their principles instead of bias.

[putnam6]

That's fair. I only use a tank a month, and I get pretty high milage.

I just don't anticipate anything different in the grand scheme of things. 

I remember a lot of the big talking points when I voted for him in 16':

• Hillary using private communication: and now we have top government officials using Signal and an Israeli clone.
  
• Financial corruption with the Clintons, Obamas, Bush/Cheney, Pelosi, Ect. : Now we see crypto coins from the president that account for 40% of his net wealth, since becoming president. Some of which is proven to be foreign, and easy to validate on the blockchain. (This doesn't even account for alleged conflicts of interest like a donated jet that could be transferred to the Trump Presidential Library).
  
• Reducing the federal debt : His first term was record breaking in terms of spending and debt. One could say that it was because of COVID. But then you could look at the first two years. He also had the house those first two years. One could argue, it was the fault of the Rhinos and Democrats who controlled the house. But he doesn't have to sign those. That doesn't even take into account the fact the Big Beautiful Bill will raise the debt ceiling higher than ever. While it may not directly increase spending right now, it will certainly give the latitude for the federal government to do so in the coming years.
  
• Fighting the deep state: The idea that there is a sect of government that has more control than the entirety has always been argued. I'm one to agree. I don't see how Trump's admin is different thought. The creative arm of his inner circle have found ways to circumvent the government as a whole. I don't see how that is different than a deep state. Someone can argue that's what they voted for, and agree with it all they want. But I know they won't support another president with a different agenda using the same tactics, and neither would I.
  

They were all bad, for decades. They're all complicit, I'm not sure who was the worst. But acting as if one person, or group for that matter is purely to blame perpetuates the issue. If we act as if the problem lies with only one group, we ignore that they all took part. Take a look at the wealth of politicians and the rich. They didn't take a hit in 08' or COVID. We did, we know how much more everyday things cost. 

Let's see where the debt is in a few years. Let's be honest about how much more things cost. And I hope everyone will genuinely compare that to their principles instead of bias.

Yes, generally, "they" as in all "politicians" are bad. Im not posting to change minds, all Im suggesting for me and my situation is that it's easier to maintain a positive outlook. When I post, all Im saying is this is where Im coming from, and why, but Im basically adrift in the ocean full of waves and trying to keep my head above water like so many others. 

Ive been struggling since before COVID, and when that hit, everything really went sideways, and Ive been adjusting on the fly ever since. I know I'm not alone, millions had thier lives and livelihoods turned upside down, and I'm not complaining, Ive been lucky, just had to adjust to the new trajectory and reality. BUT Ive always hated the overt negative BS, one can be aware of the potentialities and possibilities without losing thier proverbial shit. 

As for tariffs, nobody knows for sure. It's never been attempted on this level

Ive said earlier I didn't understand or agree with the reasoning of blanket tariffs all at once either, BUT I see no point bitching about it constantly once its done, OMB had he reasoning and for my situation I damn sure hope he is right.  It's not because Im hugging Trump's nutsack or want to see a red wave at midterms or Vance as the next President, but business-wise, financially, we will likely get a boost for 2025. It's the industry panic we've had to deal with since the announcement, it's exhausting 

People were overreacting by suggesting that a market collapse was imminent from the get-go was and that continues to be my major bone of contention regarding tariffs, an extra $1200 to $2800, which is what multiple sources suggest IS the average cost if tariffs stay at current rates for a year. 

My current household can absorb that if other savings continue to be realized, and Im pretty sure Im on the low end of the DI tax brackets. LOL so low  I might be on the wrong message board... my speed currently is about Baltic Avenue

[quintessentone]

"Im already saving $150 a month on gas with Trump in office and will save another $375 if his prescription plan is implemented. "

Asking because I don't know, so, what might Trump have done to lower gas prices?  Our petrol prices have dropped quite a bit.

It has nothing to do with Trump, it has everything to do with OPEC.

AI: "Gas prices are lower when OPEC increases oil supply, leading to a greater supply of oil available on the market. This increased supply can put downward pressure on prices, as consumers and businesses have more oil to choose from, according to an article in Business Insider."

[Oldcarpy2]

"It has nothing to do with Trump, it has everything to do with OPEC.

AI: "Gas prices are lower when OPEC increases oil supply, leading to a greater supply of oil available on the market. This increased supply can put downward pressure on prices, as consumers and businesses have more oil to choose from, according to an article in Business Insider."

That's what I was thinking.

[Encia22]

Breaking News: There's a new spanner in the works. 

US federal court blocks Trump from imposing sweeping tariffs - The Guardian
 

Ruling from court of international trade in New York comes after slew of lawsuits arguing president exceeded authority.

A US trade court has ruled Donald Trump’s sweeping tariffs regime illegal, in a dramatic twist that could block the US president’s controversial global trade policy.

The ruling by a three-judge panel at the New York-based court of international trade came after several lawsuits argued that Trump had exceeded his authority, leaving US trade policy dependent on the president’s whims and unleashing economic chaos around the world.

Tariffs typically need to be approved by Congress but Trump has so far bypassed that requirement by claiming that the country’s trade deficits amounted to a national emergency. It left the US president able to apply sweeping tariffs to most countries in the world last month, in a shock move that sent markets reeling.

The court’s ruling stated that Trump’s tariff orders “exceed any authority granted to the president … to regulate importation by means of tariffs”.

 

The court ruling immediately invalidates all of the tariff orders that were issued through the International Emergency Economic Powers Act, a law meant to address “unusual and extraordinary” threats during a national emergency.

The judges said Trump must issue new orders reflecting the permanent injunction within 10 days.

And of course...

 

However, the Trump administration has already filed to appeal against the ruling. White House officials have hit out at the court’s authority. “It is not for unelected judges to decide how to properly address a national emergency,” Kush Desai, a White House spokesperson, said in a statement to Reuters.

This is going to get messy and leaves the the stock markets in total turmoil as to how this will pan out and over what time period.

[CriticalStinker]

Breaking News: There's a new spanner in the works. 

US federal court blocks Trump from imposing sweeping tariffs - The Guardian
 
 


And of course...

 

This is going to get messy and leaves the the stock markets in total turmoil as to how this will pan out and over what time period.

This was a matter of time. The constitution is clear that congress has the power to impose tariffs. There is the emergencies act, designed for wartime flexibility… but we’re not at war with every country on earth. 

if they want these tariffs, just send it through congress. If they can’t do that, than it shows there isn’t enough representation to provide the political will.

edit: I imagine this gets appealed. But I still think some tariffs will be allowed to stick, like China and a few others that are clearly geared towards national security. I think it’s the blanket tariffs that will likely get upheld by the court ruling. And I’m fine with the China tariffs, and some of the more strategic ones. But the tariffs against the whole globe should be voted through congress.

[putnam6]

This was a matter of time. The constitution is clear that congress has the power to impose tariffs. There is the emergencies act, designed for wartime flexibility… but we’re not at war with every country on earth. 

if they want these tariffs, just send it through congress. If they can’t do that, than it shows there isn’t enough representation to provide the political will.

Which is another reason freaking out about tariffs was ridiculous... this is a long arduous process

However, its ruling will be appealed, and the Trump team believes they are on solid footing. This is mostly a delaying tactic

And there is this nugget...

https://finance.yahoo.com/news/goldman-s...04704.html

Goldman, Morgan Stanley Say Trump Can Deploy Other Tariff Tools

(Bloomberg) -- Two of Wall Street’s top investment banks cautioned that the impact of a court ruling striking down many of President Donald Trump’s tariff measures may prove limited, given that the administration has other avenues to impose import duties.
Most Read from Bloomberg
“The tariff levels that we had yesterday are probably going to be the tariff levels that we have tomorrow, because there are so many different authorities the administration can reach into to put it back together,” Michael Zezas, Morgan Stanley’s global head of fixed income and thematic research, said on Bloomberg TV Thursday.

In other news...

[CriticalStinker]

Which is another reason freaking out about tariffs was ridiculous... this is a long arduous process

However, its ruling will be appealed, and the Trump team believes they are on solid footing. This is mostly a delaying tactic

And there is this nugget...

[Image: https://s.yimg.com/ny/api/res/1.2/06NEn_...b2aab1e38e]

Goldman, Morgan Stanley Say Trump Can Deploy Other Tariff Tools

In other news...

lol, I edited my post to add a little more context just as you replied.

it’s certainly nuanced, and I do imagine it gets appealed. I think some still stick, and the blanket ones upheld by the court ruling.

[putnam6]

lol, I edited my post to add a little more context just as you replied.

it’s certainly nuanced, and I do imagine it gets appealed. I think some still stick, and the blanket ones upheld by the court ruling.

Haha, I was about to post about the court ruling.... I was adding to my response...about other avenues at Trump's disposal.

Yes, that's how the process worked in my limited experience; it's all run by lawyers, which means the final resolution could be months away or it could be settled next week.

In my industry's one little IP issue took 8 years to be resolved... but we have much more powerful players involved here.

NGL, it feels like more and more it's being blocked not because of merit but because some are seriously worried that if this works, the Democrats will be in real trouble in 2026 and beyond.

Im still of the opinion let it play out, if it's a failure it will be obvious for all to see, tired of pretending none of this could be undone as early as 2027.  

It's like one podcaster's comment, the thing is, while some countries are upset and negotiating, plenty of others are gladly paying the extra tariffs into America's coffers a lot of those countries receive financial aid and military security from the US.

[CriticalStinker]

I think it’s fair to say there might be some added pressure against Trump because it’s Trump.

But the courts blocked Biden on student loan forgiveness as well (rightfully so).

We could probably quantify how much we would pull in from tariffs, the tricky part would be determining what it would bring back to the US in terms of manufacturing.

But even if it all “worked”, I think the concern for many is the precedent of letting a president overstep executive powers, which has been increasingly happening with every administration. 

The government was set up so that one person couldn’t just change everything. Each president runs on a platform, and their base typically stands behind it. Rarely do they manage to work through all their initiatives. That requires incredible political will throughout the branches, and also leadership in convincing representatives to play along.

Again, I think we see the China tariffs stick, along with some of the others that have more vision and justification.So we’ll get to see some case studies one way or the otherz