Vietnam said they would lower their tariff rate to 0% and Peter Navarro said that isn't enough. Trump wants to eliminate the trade deficit with other countries. So if we have a trade imbalance of $123 billion with Vietnam then Trump wants that to be 0. No way that will ever happen.
You keep mentioning that he is doing this so other countries will remove their tariffs. There is just no evidence of that. The emperor has no clothes Colin
You don’t analyze economics by what politicians say. Trump is one of the worst political commentators I’ve ever seen. Instead he’s setting a completely unrealistic bar against countries that would suffer a depression if the USA stopped buying their stuff. That’s the lens you look through. Who blinks first in that scenario? You’ve already seen who.
I think the main problem that he is saying he wants manufacturing to come back and also have countries reduce tariffs on the US. Aren't those two opposing goals? On the one hand if wants manufacturing to come back to the US that would mean the tariffs would need to be in place indefinitely so that companies know they need to build in the US to avoid the tariffs. If he wants other countries to lower trade barriers then the tariffs would be temporary once they do what we want.
Agreed on Trump being a bad communicator. He's like a Rorschach test, everyone sees what they want to see because everything he says can be interpreted in a million different ways.
From now on, I’m just going to tell you guys to call your broker and tell them your thoughts on Trump. Maybe then you guys will realize nobody cares. Focus on the outcome. You’re not President.
That's right I forgot that only you know what Trump will do my bad! Probably best to turn off the comments on these articles if you don't care about feedback as is evident about how you have responded to everyone on here.
So now you’re telling me what Trump should do, AND what I should do in the comments of my articles? lol
Like I said, seriously - call Schwab and tell them what you think Tump should be doing. They won’t give a fuck. Neither do I - or anyone else for that matter.
Yes you've demonstrated that you don't care what anyone thinks as you think everyone who has commented on this article is an idiot. I guess venting your anger on the comment section is cheaper than therapy.
Colin, huge fan and supporter of Mr. Trump. But his current tariff strategy is mis-guided, not just on economic front but on moral and cultural grounds. It is apparent that what Mr. Navarro wants is American values and rules applied to other countries with scant regard for their culture and their own schemes. If a country responds with a zero tariff like Vietnam is not enough. Mr. Navarro cites things like child labor, environmental effects, VAT etc that he wants countries to remove. Let me dissect one. In India, where I come from, children who are as young as seven are employed in the trade craft of items like carpets, sculpture etc, this is like an apprentice. This is not forced, and has been a tradition for several centuries Say USA views this as child labor and considers this unfair as the family is not paying their child, and therefore US cannot compete with Indian sculpture or carpet making and impose a "moral" tax - not only will the family in India suffer, the art eventually die, but there is no way that art is coming to the US, because even if the carpet weaver or the sculptor wanted to set up shop in the US, he wont get the visa. This smells like US wanting to enforce democracy in nations not quite ready for it, and we can see the results. I know Mr. Trump is a reasonable man, and hope he understands the 2nd and 3rd degree negative effects, even if he does not care about the stock market. I am personally affected by the stock market, having recently retired, but the Almighty and the USA blessed me with sufficient capital to ride this out. It is painful to see that same great country wrestle the will out of poor people from the country I come from and others like Vietnam. The high "ideals" and indiscriminate application of American values to nations without resources is wrong. In my heart, I know Mr. Trump will correct this.
I suggest you do some research on the actual trade weighted average tariffs applied by “these countries” instead of believing the nonsense being spewed by the administration. 1.7% from Taiwan, 3.4% from Canada, 5.1% from Vietnam, etc.
Colin, you’re all over the place man. You made a statement about “high tariffs” and I responded with actual numbers. If you support blatant lies and burning relations with your closest trade partners as a viable strategy just own it, but that’s not a relevant response to my statement.
0% On imported Chinese EV's? I'm sure it will be,... No... No... not 0% on those. With you defending this absolute half baked, ill thought through tariff nonsense sort of takes away from the credibility that you have built up over the years. You only have to watch one Howard Lutnick video to know the clapping seal clowns are in charge.
We 100% agree on that; zero tariffs across the board is the ideal outcome. I understand Trump’s various end goals, I just don’t think that he’s using the best approach to try to achieve them.
There are parallels to this from other administration though no related to economic manipulation or markets . President Bush said there were WMD in Iraq to take out Saddam , earlier regimes have used similar “conveniently manufactured “ data points to convince Americans of wrongs being done to US its safety etc. US new war is economic , and the trade imbalance is the new WMD. I don’t think Mr Trump or his cabinet is dumb. .. that being said I don’t like it because of its impact on my wealth
I don’t think most of you guys are ready to make money. If you’re trying to Monday morning QB Trump on everything he does I wouldn’t invest in stocks while he’s president.
Agreed .. on to money . Thoughts on Altria ? Big moat , afaik just us tobacco sales , nice dividend .. low PE when looking at other staples . One year stock price growth quite decent.. Take some off this rally that is likely to fade tomorrow /soon and start a position ? Thoughts ? Preparing for worst case , 50% additional tarrif on china to me is most probably recession and so trying to set up for this . Not abandoning mag7, AVGO, Mara and others , still core positions .
Know who does care about the stock market? The companies that are going to start laying off tons of people if we go into a recession… then all of a sudden more than just the “1%” will care
Sure that's a good point. But like the article said - economics goes both ways. You could argue how many people got laid off when the jobs went to Mexico or off shore?
Unemployment rate is at 4.2% in the States. That’s an absolutely terrible argument. Americans don’t want to be working in factories pumping out shoes and tightening screws. The jobs that we “lost” and want to bring back home are the same jobs that we’re working towards replacing with robots/automation.
Companies aren’t going to bring manufacturing back to the States. For a company like Nike, it makes more sense to pay a 40% tariff and continue paying an annual salary of $4k in Vietnam than to bring that job here in order to employ an American that demands 10x that wage.
I actually know many people who work in manufacturing in the US. Played golf with my buddy who just started a job in a sign manufacture a few weeks ago. I know people who work at Tesla. Home building is important manufacturing. Agriculture is a form of manufacturing. These broad statements of Americans not wanting to work is lazy. I’ve washed bathrooms before, and walked 6 miles each way to do it. If I was struggling there’d be no job I wouldn’t take to feed my kids.
Haha not in the slightest. I came out and gave an actual opposing view and you started with the name calling. I never said Americans weren’t hard working, they just demand far too high a wage for jobs that can be done at a fraction of the cost elsewhere.
Vietnam said they would lower their tariff rate to 0% and Peter Navarro said that isn't enough. Trump wants to eliminate the trade deficit with other countries. So if we have a trade imbalance of $123 billion with Vietnam then Trump wants that to be 0. No way that will ever happen.
You keep mentioning that he is doing this so other countries will remove their tariffs. There is just no evidence of that. The emperor has no clothes Colin
You don’t analyze economics by what politicians say. Trump is one of the worst political commentators I’ve ever seen. Instead he’s setting a completely unrealistic bar against countries that would suffer a depression if the USA stopped buying their stuff. That’s the lens you look through. Who blinks first in that scenario? You’ve already seen who.
I think the main problem that he is saying he wants manufacturing to come back and also have countries reduce tariffs on the US. Aren't those two opposing goals? On the one hand if wants manufacturing to come back to the US that would mean the tariffs would need to be in place indefinitely so that companies know they need to build in the US to avoid the tariffs. If he wants other countries to lower trade barriers then the tariffs would be temporary once they do what we want.
Agreed on Trump being a bad communicator. He's like a Rorschach test, everyone sees what they want to see because everything he says can be interpreted in a million different ways.
From now on, I’m just going to tell you guys to call your broker and tell them your thoughts on Trump. Maybe then you guys will realize nobody cares. Focus on the outcome. You’re not President.
That's right I forgot that only you know what Trump will do my bad! Probably best to turn off the comments on these articles if you don't care about feedback as is evident about how you have responded to everyone on here.
So now you’re telling me what Trump should do, AND what I should do in the comments of my articles? lol
Like I said, seriously - call Schwab and tell them what you think Tump should be doing. They won’t give a fuck. Neither do I - or anyone else for that matter.
Yes you've demonstrated that you don't care what anyone thinks as you think everyone who has commented on this article is an idiot. I guess venting your anger on the comment section is cheaper than therapy.
Colin, huge fan and supporter of Mr. Trump. But his current tariff strategy is mis-guided, not just on economic front but on moral and cultural grounds. It is apparent that what Mr. Navarro wants is American values and rules applied to other countries with scant regard for their culture and their own schemes. If a country responds with a zero tariff like Vietnam is not enough. Mr. Navarro cites things like child labor, environmental effects, VAT etc that he wants countries to remove. Let me dissect one. In India, where I come from, children who are as young as seven are employed in the trade craft of items like carpets, sculpture etc, this is like an apprentice. This is not forced, and has been a tradition for several centuries Say USA views this as child labor and considers this unfair as the family is not paying their child, and therefore US cannot compete with Indian sculpture or carpet making and impose a "moral" tax - not only will the family in India suffer, the art eventually die, but there is no way that art is coming to the US, because even if the carpet weaver or the sculptor wanted to set up shop in the US, he wont get the visa. This smells like US wanting to enforce democracy in nations not quite ready for it, and we can see the results. I know Mr. Trump is a reasonable man, and hope he understands the 2nd and 3rd degree negative effects, even if he does not care about the stock market. I am personally affected by the stock market, having recently retired, but the Almighty and the USA blessed me with sufficient capital to ride this out. It is painful to see that same great country wrestle the will out of poor people from the country I come from and others like Vietnam. The high "ideals" and indiscriminate application of American values to nations without resources is wrong. In my heart, I know Mr. Trump will correct this.
Following you for many years and always respected your clear logic which based on numbers.
Lost you when you brought up American fire power might.
How about the administration acknowledge the invented tariff formula. The numbers that the computer spit are wrong, but
no adult in the room will raise to defy him.
The obvious response to this is what adult at these countries that had high tariffs on the USA came up with those numbers?
I suggest you do some research on the actual trade weighted average tariffs applied by “these countries” instead of believing the nonsense being spewed by the administration. 1.7% from Taiwan, 3.4% from Canada, 5.1% from Vietnam, etc.
Awesome, and look how quick they came out to say they would go to 0%.
Colin, you’re all over the place man. You made a statement about “high tariffs” and I responded with actual numbers. If you support blatant lies and burning relations with your closest trade partners as a viable strategy just own it, but that’s not a relevant response to my statement.
This is about where the tariffs go. Going to 0% seems like a good thing.
0% On imported Chinese EV's? I'm sure it will be,... No... No... not 0% on those. With you defending this absolute half baked, ill thought through tariff nonsense sort of takes away from the credibility that you have built up over the years. You only have to watch one Howard Lutnick video to know the clapping seal clowns are in charge.
We 100% agree on that; zero tariffs across the board is the ideal outcome. I understand Trump’s various end goals, I just don’t think that he’s using the best approach to try to achieve them.
There are parallels to this from other administration though no related to economic manipulation or markets . President Bush said there were WMD in Iraq to take out Saddam , earlier regimes have used similar “conveniently manufactured “ data points to convince Americans of wrongs being done to US its safety etc. US new war is economic , and the trade imbalance is the new WMD. I don’t think Mr Trump or his cabinet is dumb. .. that being said I don’t like it because of its impact on my wealth
What you like doesn’t matter. You have to learn how to deal with it. Whining about it won’t do anything.
To that I have to agree. Make us some money man , that cures most ills :)
I don’t think most of you guys are ready to make money. If you’re trying to Monday morning QB Trump on everything he does I wouldn’t invest in stocks while he’s president.
Agreed .. on to money . Thoughts on Altria ? Big moat , afaik just us tobacco sales , nice dividend .. low PE when looking at other staples . One year stock price growth quite decent.. Take some off this rally that is likely to fade tomorrow /soon and start a position ? Thoughts ? Preparing for worst case , 50% additional tarrif on china to me is most probably recession and so trying to set up for this . Not abandoning mag7, AVGO, Mara and others , still core positions .
Been following Colin for years, that ends now, unsubscribing from every media
Know who does care about the stock market? The companies that are going to start laying off tons of people if we go into a recession… then all of a sudden more than just the “1%” will care
Sure that's a good point. But like the article said - economics goes both ways. You could argue how many people got laid off when the jobs went to Mexico or off shore?
Unemployment rate is at 4.2% in the States. That’s an absolutely terrible argument. Americans don’t want to be working in factories pumping out shoes and tightening screws. The jobs that we “lost” and want to bring back home are the same jobs that we’re working towards replacing with robots/automation.
Companies aren’t going to bring manufacturing back to the States. For a company like Nike, it makes more sense to pay a 40% tariff and continue paying an annual salary of $4k in Vietnam than to bring that job here in order to employ an American that demands 10x that wage.
I actually know many people who work in manufacturing in the US. Played golf with my buddy who just started a job in a sign manufacture a few weeks ago. I know people who work at Tesla. Home building is important manufacturing. Agriculture is a form of manufacturing. These broad statements of Americans not wanting to work is lazy. I’ve washed bathrooms before, and walked 6 miles each way to do it. If I was struggling there’d be no job I wouldn’t take to feed my kids.
You should chill with calling people lazy and uneducated every time that they disagree with your views. It’s not a good look
You’re clearly heated. Americans are hard working and it’s lazy to say otherwise.
Haha not in the slightest. I came out and gave an actual opposing view and you started with the name calling. I never said Americans weren’t hard working, they just demand far too high a wage for jobs that can be done at a fraction of the cost elsewhere.