Flame you? Never. I been taught not to make fun of handicap people. So, I will virtually pat you on the head and say, "Good boy."
Posted on 04/06/2025 5:58:27 AM PDT by RandFan
Peter Schiff is a financial commentator & CEO of Euro Pacific Asset Management
[30 mins podcast]
(Excerpt) Read more at youtube.com ...
Many of you claim companies like Nike (Peter uses this example) are really going to open new factories in the United States as an end run around tariffs considering the costs involved and the labor?
LMAO. Whatever.
Flame me. I dont care. A lot of what I see in the tariff threads are just mistaken beliefs. It's potentially a disaster.
I guess we have to check back in a few years on this one....
HOORAY President Trump!
libertarian swill. Please support President Trump.
I do but this tariffing sucks
Peter Shiff’s a self-interested hack.
Well he speaks a lot of common sense
i work directly in the import business.
yes, the tariffs have had an impact but since most of the products i import are from China and India, then we also squeeze the manufacturers to cut costs.
I had one product that was $150000 per kilogram from China. once the first round of 10% tariffs went into a effect a month or so ago, we squeezed our supplier on pricing. got the price down to $143000 per kg.
i know this is happening all over our industry
He shills for his company.
Wouldn’t the target price be $135,000 per kg?
I’m not too concerned about sneaker manufacturers moving back to the USA. And some appliance and TV makers aren’t likely to either. I want heavy industry to to make a return. And I want to see new businesses consider the USA over other countries for start up. Equal tariffs. Why let others charge us more than we charge them?
What’s up with the Schiff family? Does the dummy gene travel in the Schiff bloodline? I hope not. I found a Schiff married to one of my relatives in Massachusetts. Crap.
pure libertarian swill. America is finished with his Kentucky brand of trade policy. It has led to yearly trade deficits in the hundreds of billions of dollars.
He focuses on nike, and you take him seriously? Who cares about damn tennis shoes?
Flame you? Never. I been taught not to make fun of handicap people. So, I will virtually pat you on the head and say, "Good boy."
we can only squeeze so far. but you can guarantee that the pricing pressure on foreign suppliers is very high right now across the board.
you dont like tariffs? then dont buy the friggin tariffed products!! That concept in itself is like a doubled edge sword to combat the reason for the tariffs in the first place!!
How about you stick to banging Chinese spies and leave economics to people who know something about the economy.
Tariffs are potentially a disaster. Can’t disagree with that.
But here’s another potential disaster: A country that manufactures very little of what it needs. Way back when Sam Walton started Walmart, he took pride in selling American-made products.
How many American-made products does Walmart sell these days? I looked it up. It’s less than 20%. Most of the rest comes from China.
If we’re not yet an economic colony of China, we soon will be. Teddy Roosevelt once said the worst thing you can do in a crisis is nothing. He was right.
Trump is doing something.
Strategic tariffs + less regulation + lower taxes. That just might work.
Once again. Tariffs are dangerous and destructive of the economy when we do them. When foreign countries do them somehow it’s different. And yes, they will make factories here. There was a factory not far from where I live that made Levi Strauss jeans until the globalism bull crap started. This will bring manufacturing back to America, or they can pay the price.
And even if it doesn’t bring a factory here, they can drop all their restrictive tariffs that keep the products we do make here out of their country. If tariffs were the bad as everybody said, other countries wouldn’t want them.
Hasn’t Schiff been predicting collapse for like 20 years now?
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