Explain It Like I Am Five

lester1/2jr · April 03, 2025, 10:23:07 PM

Thats what I said

Zapranoth · April 04, 2025, 09:21:43 AM

It seems to me that tariffs *clearly* can be either good or bad. A recession in the US and much of the world is now projected, by some, to be the more likely than not outcome.

That doesn't seem "neither good nor bad" to me. I'm not an economist, but those who are experts in economy don't use the word "recession" with a positive connotation.

lester1/2jr · April 04, 2025, 03:54:10 PM

probably why Warren Buffet got out of stocks and is sitting on hundreds of billions of dollars on the sidelines

Zapranoth · April 05, 2025, 12:12:17 PM

So you were incorrect, then, in saying tariffs are neither good nor bad?

Ash · April 05, 2025, 01:46:50 PM

Dr. Grande always breaks it down clearly:

https://www.youtube.com/watch?v=6Ai8deGIbdg

lester1/2jr · April 05, 2025, 03:53:52 PM

Zapranoth - didn't you just agree with me that they could be good or bad?

Biden's CHIPS act is a good example of an economic policy with a fair amount of tradeoffs.

https://apnews.com/article/biden-chips-semiconductor-manufacturing-6251ea5d44f00f7aca9673fd175c2684

would it be easier to just keep buying them from Taiwan? yes

Does that leave us tied to defending them against China though? also yes

Zapranoth · April 05, 2025, 07:48:27 PM

Focus, Lester.

*Right now.*. Tariffs against everyone but Russia. Alienation of our long term trading partners.

Good, or bad?

lester1/2jr · April 05, 2025, 10:29:05 PM

Okay focus Zapranoth What might be the non nefarious reason we don't have a tariff on Russia? hint: we don't have them on North Korea either

RCMerchant · April 06, 2025, 01:30:34 AM

Quote from: Ash on April 05, 2025, 01:46:50 PMDr. Grande always breaks it down clearly:

https://www.youtube.com/watch?v=6Ai8deGIbdg

That's pretty straight forward.

Zapranoth · April 07, 2025, 01:59:24 AM

Quote from: lester1/2jr on April 05, 2025, 10:29:05 PMOkay focus Zapranoth What might be the non nefarious reason we don't have a tariff on Russia? hint: we don't have them on North Korea either

Trump's tariffs: good or bad?

lester1/2jr · April 07, 2025, 03:44:06 PM

bad

have you figured out why we don't have any tariffs on Russia?

indianasmith · April 07, 2025, 06:26:34 PM

Quote from: lester1/2jr on April 07, 2025, 03:44:06 PMbad

have you figured out why we don't have any tariffs on Russia?

Because Trump loves his Daddy Putin, maybe . . . or else is afraid of him.
Maybe both.

RCMerchant · April 07, 2025, 06:53:07 PM

^ More like his crony. They're both gangsters. In ca-hoots.
I still have faith his butt buddies are going to get voted out of congress, and he'll finally get impeached.
AND imprisoned like the slimy crook he his.

lester1/2jr · April 07, 2025, 07:40:27 PM

Indiana - He may well think putin is his daddy and be afraid of him ... But That is not why there are no tariffs on russia. Anyone else want to hazard a guess?

hint: I already basically explained why above

indianasmith · April 08, 2025, 06:12:50 AM

No trade deficit with Russia?