Has Trump Outsmarted Everyone on Tariffs?

[RingOfFire]

Top economist who previously sounded the alarm on tariffs sees a possible scenario where Trump ‘outsmarted all of us’

"As we approach the Trump administration’s self-imposed 90-day deadline for trade deals, markets are starting to speculate about what comes next. The longer uncertainty remains elevated, the more negative its impact on the economy, as shown in the chart below.

Maybe the strategy is to maintain 30% tariffs on China and 10% tariffs on all other countries and then give all countries 12 months to lower non-tariff barriers and open up their economies to trade.

Extending the deadline one year would give countries and US domestic businesses time to adjust to the new world with permanently higher tariffs, and it would also result in an immediate decline in uncertainty, which would be positive for business planning, employment, and financial markets.

This would seem like a victory for the world and yet would produce $400 billion of annual revenue for US taxpayers. Trade partners will be happy with only 10% tariffs and US tax revenue will go up. Maybe the administration has outsmarted all of us."

[midnightmoon05]

I trust one who came from a successful business family. He then was trained in UPenn. He ran other successful businesses.
aside from all that… what’s needed for the US to regain success is to rebuild our finances and families. Most may not like his style… but what was happening to the US was continue decline in debt. and society weaken. Families broken.
can be fix everything? No but he is trying.
those who are short sighted will never be happy with the way Trump conduct business/run the country.
world leaders/businesses/even farmers plan ahead. not that he is outsmarting us…all these are basic logic/common sense.
it shows how little people understand what it means to plan ahead and strategize finances to rebuild the country.

he wants people to look into their own bank account, living in debt is not long term for the country, any businesses, and raising families.

[midnightmoon05]

@Dykei1989
Hahaha…. He is bankrupted? No.
I was nice “bankrupted”

I don’t trust those who sits around complaining and collecting “free” money and depleting our tax payer money. Failing our citizens.

[RingOfFire]

@midnightmoon05

Well said.

One of my college degrees is the exact same real estate degree he has for Wharton. You don't get that degree if you're a dummy. So I knew right from the start he has a special talent.

He's a genius. And if you look back through history you'll see that innovators such as Trump are often hated. There's a big element of both envy and lack of intellect in that hatred.

[RingOfFire]

@Dykei1989

I wouldn't say someone who owns some of the most coveted properties in the world in his real estate empire is a failure. On the contrary, he's one of the most successful real estate investors in the world.

[Dongie]

Nice realignment of the ignorant guys.

[Bricealan]

@RingOfFire I never saw the 'Tariff panic" as anything but positive for the U. S. and us consumers... The United States has been the door mat for the rest of the planet for decades, and Communist China has been walking on and over us for that long. Look at the next thing you buy in the store, other than food stuffs?

China walks all over us.. with regard to what we import from them versus WHAT China imports from the U. S, and we buy a lot of Junk from China

After the "sky fell' ... during the uninformed reaction to the Tariffs, my Stock Portfolio NOW EXCEEDS what it was BEFORE the tariff talk.

[RingOfFire]

I am constantly amazed at how President Trump is realigning the entire world for the good of all freedom loving people everywhere. With opposition from virtually everywhere in the world, and against all odds, he is transforming civilization virtually single handedly. It is awe inspiring to watch and really makes me rethink my doubts about a higher power.

[exitseven]

I was watching for the long game. I figured that long term tax cuts needed additional revenue from some where. I wondered if it would be from tariffs.

[exitseven]

Thanks for the MHO😎

[Dongie]

Not me!

[Dongie]

Awe, those poor democrats! Just wait till they see that they were wrong about EVERYTHING, they said and thought about Trump.

Uhhh, they'll hate their politicians more than we do!

[Anonymous]

Yes, as usual.