Posted on 04/07/2025 1:14:36 AM PDT by Libloather
President Trump stood by his wide-scale tariffs, calling them a “beautiful thing to behold” that will eventually be largely supported even as the stock futures dropped Sunday evening.
“They are already in effect, and a beautiful thing to behold. The Surplus with these Countries has grown during the ‘Presidency’ of Sleepy Joe Biden,” Trump blasted out on Truth Social Sunday night as he attempted to justify the action he took against around 90 nations last week.
“We are going to reverse it, and reverse it QUICKLY. Some day people will realize that Tariffs, for the United States of America, are a very beautiful thing!”
The president said the leaders of several countries are calling him and are ready to make a deal with the US while speaking to reporters on Air Force One Sunday evening.
“I spoke to a lot of leaders — European, Asian, from all over the world. They’re dying to make a deal,” Trump, 78, said.
“But I said we’re not gonna have deficits with your country. We’re not gonna do that because to me a deficit is a loss. We’re gonna have surpluses or we’re at worst gonna be breaking even.”
Despite the commander-in-chief’s optimism, investors weren’t convinced.
Stock futures dropped Sunday evening with the Dow Jones Industrial Average down 2.1% and the S&P 500 plummeting about 2.5% while the Nasdaq fell almost 3.1%.
Asian shares also sharply fell, with Tokyo’s 225 index losing about 8% when the market opened and down 6% by midday. Hong Kong’s Hang Seng fell 9.4% and the Shanghai Composite index lost 6.2%.
(Excerpt) Read more at nypost.com ...
as if the NY Post owners haven’t been clear about their self-interested stock investments...
anyone bitching about the tariffs doesn’t GAF about the average taxpayer and working class in general — and please don’t bitch about your 401k
Oh noes!! The market is down 2%! We’re all gonna die!!
The market will probably not bounce back to what it was before because it was fake, this is the correction needed!! These corporations will no longer see these HUGE margins because of cheap labor, cheap goods out of China ect. I don’t care how much these asshats SCREAM this is for the good of the country!! It was unbelievable during COVID that we couldn’t even get the Medicines needed,car manufacturers retooled to make ventilators (HUGE MISTAKE) more people would have survived without them!!! The point is this country SHOULD BE self sufficient because you NEVER KNOW when we will have to be!! I look at this like people prepping being ready to take care of their family in case of natural disasters ect. This nation is being sold off to China bit by bit and it has become nauseating!! I remember when we were sold the line that China joining the world trade organization how wonderful it would be China would come around to OUR WAY of governing THE EXACT OPPOSITE has happened, we now have censorship, we now have political prisoners, China is slowly buying up our farmlands AND food producers and these bastards that got us into this utter mess SIT ON THEIR HANDS and do NOTHING!!! LET THEM SCREAM I don’t give a damn
This is a buying opportunity. If you can take advantage of it.
Be afraid! Have fear all you sheep! The end is near! If we don’t continue to get screwed we’re all gonna die!
Try telling that to the many people with very modest retirement resources. It’s not “selfish” to want to stay alive, have simple shelter, etc., without asking for charity (private or public).
Honestly everyone should have been protecting their retirements sources before Trump put the tariffs in.
There was plenty of warnings and he told everyone his plan to fix our country.
Even at that your concern is misplaced, those retirements were going to be completely destroyed in just a few years given the country’s economic trajectory and debt, the real choice was fix it now and endure the pain or don’t fix it and literally have nothing and starve while freezing in the cold because lost your housing in your retirement years.
DC_Draino
@DC_Draino
In Trump’s 1st term, he spent 2-3 years negotiating new trade deals with our neighbors and trade partners
It was effective, but very slow and only impacted a small percentage of countries worldwide
Now he chose the tactic of mass tariffs on Liberation Day
This has brought 50+ countries to the negotiating table immediately
He’s renegotiating every American trade relationship worldwide immediately
Short term pain now, but the American middle class will reap the rewards for many years to come
Quote
Charlie Kirk
@charliekirk11
·
19h
BREAKING: Economic Council Director Kevin Hassett just announced that over 50 countries have already reached out to begin negotiations following President Trump’s new tariff policies:
“I got a report from the USDR last night that more than 50 countries have reached out to the
Show more
12:17 PM · Apr 6, 2025 155.7K Views
https://x.com/DC_Draino/status/1908916996881756533
People with modest retirement resources ought to be mostly in bonds and not stocks. What Trump is doing, is very good for bonds.
“Despite the commander-in-chief’s optimism, investors weren’t convinced.“
These “investors”, are they looking to make money in the real world on solid value basis or in the market?
I see people on this very forum who want to continue onward using the playbook that has been used for the last 80 years, and which has led us to being $37 Trillion in Debt, with the debt increasing by $1 Trillion every 90 days, and $600 Billion being spent annually just to service the interest on our debt.
People are upset that their investments are being affected. I am too. Just looked at our finances last night.
What is so hard to understand about the fact that we are broke, we are$37 Trillion in Debt, with the debt increasing by $1 Trillion every 90 days, and $600 Billion being spent annually just to service the interest on our debt, and that this situation is not sustainable?
All those precious, hard earned dollars in our investments are going to evaporate if we do not bring industry back into our country, establish fair trade, and address our enormous government bloat which not only hamstrings our economy with the salaries of unneeded workers who have long supported government as a jobs program, the regulations imposed by such a large parasitic entity are choking our ability to maintain an industrial base.
And saying that if we don't address that will result in ALL of our investments going belly up (and, our nation, and us with it) is not hyperbole.
I challenge anyone to argue that being$37 Trillion in Debt, with the debt increasing by $1 Trillion every 90 days, and $600 Billion being spent annually just to service the interest on our debt will NOT destroy this nation, our savings, and us with it.
All you Freepers out there going wobbly, you tell me: Do you want to preserve your current savings at the cost of losing this nation where you will lose those savings anyway, or are you going to support Trump and his efforts to begin to slow our headlong rush towards national oblivion.
Anyone who thinks saving this nation is going to be easy and painless does not understand the hole we are in, and how time and compound interest are conspiring to bear down on us to put an end to this nation we love.
To state this baldly is not hyperbole or hysteria. We need to make a stand, and we have run out of time.
See my post just above, Paul R.
If nothing is done now, you (all of us) WILL lose all you (we) have saved in our lives, and will lose our Republic with it, and believe me, it won’t take long.
Or you can take a hit now, save some of what you have with the possibility of getting it back, and saving our Republic for our descendants to prosper.
What matters is what voters think the week of the 2026 mid-terms and if voters believe they are better off then than they were on election day 2024.
If you can explain how we can survive $37 Trillion in Debt, with the debt increasing by $1 Trillion every 90 days, and $600 Billion being spent annually just to service the interest on our debt I am all ears.
At this point, worrying about the 2026 mid-term election is like worrying about the deck chairs on the Titanic.
We are in a race to turn things around, even minimally, and are racing against the Left who wants things to deteriorate so they more than a snowball's chance in the mid-terms (as you seem to be arguing for). And we do not have time on our side.
The question is, what will the political landscape be in the fall of 2026?
I’m as future oriented as anybody - hell, I’ve lived all my life “for the future”, much more than most(!), but what I’ve found out too late is that if you kill yourself B4 you get there, that doesn’t work very well either.
If the retirees and farmers turn on Trump in the mid-terms, MAGA is hosed. :-(
In the longer term, do we create lots of blue collar jobs in factories, or do those factories go to mostly advanced automation and AI?
This also begs the question of whether factory jobs as most FReepers seem to envision them are the best we can do for our people, or can we put people to work doing things that are more rewarding and ultimately more productive and enriching for both individuals and our country?
The fact is we are never going to pay off the national debt. Let’s agree on that.
If the immediate goal is to drive down rates so debt can be refinanced at a lower than current rate that’s one consideration.
Another is the revenue that tariffs generate.
But we will make it 2026. And people are going to ask the question I posed earlier - are they better off financially than they were before? That will undoubtedly mean day-to-day better.
We shall see.
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