Pay attention.

wifeisafurd said:

---

Norfolk Island in the Pacific, is an Australian territory with a population of around 2,000 people, received more severe tariff treatment. The Trump administration, in its calculation, said the former British penal colony charges the United States 58% tariffs and it responded with a tariff rate of 29% on Norfolk Island, whose economy revolves around tourism. It's about 1,600 kilometers (1,000 miles) east of Sydney, or the middle of the ocean .

Norfolk Island Administrator George Plant, the Australian government's representative on the island, was looking into what was behind it. "To my knowledge, we do not export anything to the United States," he told the AP. "We don't charge tariffs on anything. I can't think of any non-tariff barriers that would be in place either, so we're scratching our heads here."

---

Beautiful add.
Thank you!

oski003 said:

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concordtom said:

---

oski003 said:

---

concordtom said:

---

DiabloWags said:

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CalWSportsFan said:

---

Are we winning yet?

---

SO MUCH WINNING!!!

EVERYONE'S 401K IS UP HUUUUUUUUUGE SINCE TRUMP WAS SWORN IN.

CONSUMERS FEEL THE WEALTH EFFECT AND WILL BE SPENDING BIGLY.

GDP WILL BE SOARING!

THIS IS GREAT NEWS!

MAGA!!!

---

In other words , F___ Y__, to all those who voted for the clown once again.

Noticeably, they have been very quiet - no defense for his actions here.

---

Sometimes it is better to take a patient, measured approach than be a crying baby telling people F U.

---

Wait?
Okay, how long and how deep do you give this current tend?

Will you base it on stock market? GDP? Inflation?
Or maybe it will be social declines, or some military incursion, or…

Please, let me know ahead of time how much pain is acceptable to you before you cave.
And then I can tell you F U again then.

---

10 years ago, a customer of mine asked for an American made brand. We stocked about 100 brands in a 50,000 square foot warehouse. Only one brand was still made in America, despite more than half of them being American brands. While Trump certainly acts like a crazy guy wielding a hammer, I do feel some manufacturing should come home. I also don't like that China steals IP when we make product there. I am not sure the answer, and I certainly hope we don't drop VTI much more than the 9% we have YTD.

---

I guess you don't understand how manufacturing competition works.

Please do me a favor and look up average wages of various countries and report back to me.

It's a "feeling" that you have about how some manufacturing should come back. Which sectors or industries? How much do you wish to pay for in order to say, "we have 3 American brands to choose from".

The utterly stupid aspect of these tariffs is they are short term.

They won't have the desired result because nobody is going to set up shop here knowing they will soon be reversed.
Unless USA is going to go full protectionism is a radical departure from who we've been.

But we're not going to and the tariffs won't last. Because there is no national consensus for them. He didn't convince Americans that we need them. His party doesn't support them. It's just his own "feeling" about the issue, which has come out of left field.

Just wait it out 4 years.
Unless he also goes full dictatorship.

sycasey said:

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socaltownie said:

---

I want to give one "real world" example of why this is SO stupid. I work adjacent to commercial real estate. Right now in our market vacancy rates for industrial/distribution is running about 7%. That isn't abnormal for anyplace with a decent economy and where on-shorting makes the most sense (talent, capital, proximity to logistical infrastructure, etc.). Some markets (inland empire) are softer but that is because the huge distribution buildings are hurting and overbuilt and are unlikely to be turn key candidates for manufacturing.

So this begs the question - if the tariffs are going to lead to a wave of onshoring where do we find the space? Likewise, skill manufacturing technicians and others that support modern manufacturing are in short supply. Who is going to fill those jobs.

There is an argument (a decent one) that our relationship with CHINA needed to be rethought. Good data is emerging that allowing them into the WTO was a mistake. But the current policies are insanity and going to do nothing more than drive demand over a cliff. Then we WILL have space in my market but no one to fill them as tthe demand destruction on the consumer side is going to be epic.

Still kicking myself I didn't do the smart thing and put my entire portfolio into cash. I got too exuberant when they killed Matt geatz - not realizing that this was because he was an *******, not because they actually believed that crackpot arsonists are bad.

---

The other thing is that standing up a factory takes a lot of time and investment. Any business owner will want to believe that the current financial reality will remain stable in order to justify that investment.

Will most of them see stability in the current administration's approach? I don't think so.

---

EXACTLY!!

socaltownie said:

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concordtom said:

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Based on your post, I thought this relevant.

---

It is important to distinguish between office and industrial/distribution. Office is HORRIFICALLY bad right now. But flex space 2 story tilt ups is a product type that is flying off the shelf.

Dave (I know him!) is right about the big distribution places ((think inland empire million square feet buildings). But if you dive into properties that are 50,000 to 200,000 sqf the inventory is so tight. Plus Dave has a vested interest in always talking down the position of landlords - he is a tenant rep guy.

---

Beautiful response. Tell me more.

My uncle is in Silicon Valley commercial offices. I think he's worried about losing his entire mini empire. I feel bad for him.

DiabloWags said:

---

The Penguins that inhabit the Heard and McDonald Islands with human population of ZERO will be holding a Press Conference shortly to respond to Trump's 10% tariffs on the islands.

You just cant make this **** up!

The stable genius placed a tariff on some barren Antarctic islands in the Indian Ocean with Population of 0.

---

Are you serious?

Maybe the kid assigned to creating the list of countries failed geography?

No really, are you serious?

sycasey said:

---

DiabloWags said:

---

The Penguins that inhabit the Heard and McDonald Islands with human population of ZERO will be holding a Press Conference shortly to respond to Trump's 10% tariffs on the islands.

You just cant make this **** up!

The stable genius placed a tariff on some barren Antarctic islands in the Indian Ocean with Population of 0.

---

They almost certainly just had ChatGPT just pull a list of ISO country codes and formed the list based on that. I guess they were aware enough to take US territories like Puerto Rico and Guam off the list but left a whole lot of other dependent territories on there. Because they don't know what they're doing.

oh my fucking god https://t.co/AAE0sN1JIM pic.twitter.com/HryXr6aXO6

— Crowsa Luxemburg (@quendergeer) April 3, 2025

---

WHAT THE PUCK?!?!?!

OMG, I'm glad I'm not following the news recently. I can't look.

concordtom said:

---

oski003 said:

---

concordtom said:

---

oski003 said:

---

concordtom said:

---

DiabloWags said:

---

CalWSportsFan said:

---

Are we winning yet?

---

SO MUCH WINNING!!!

EVERYONE'S 401K IS UP HUUUUUUUUUGE SINCE TRUMP WAS SWORN IN.

CONSUMERS FEEL THE WEALTH EFFECT AND WILL BE SPENDING BIGLY.

GDP WILL BE SOARING!

THIS IS GREAT NEWS!

MAGA!!!

---

In other words , F___ Y__, to all those who voted for the clown once again.

Noticeably, they have been very quiet - no defense for his actions here.

---

Sometimes it is better to take a patient, measured approach than be a crying baby telling people F U.

---

Wait?
Okay, how long and how deep do you give this current tend?

Will you base it on stock market? GDP? Inflation?
Or maybe it will be social declines, or some military incursion, or…

Please, let me know ahead of time how much pain is acceptable to you before you cave.
And then I can tell you F U again then.

---

10 years ago, a customer of mine asked for an American made brand. We stocked about 100 brands in a 50,000 square foot warehouse. Only one brand was still made in America, despite more than half of them being American brands. While Trump certainly acts like a crazy guy wielding a hammer, I do feel some manufacturing should come home. I also don't like that China steals IP when we make product there. I am not sure the answer, and I certainly hope we don't drop VTI much more than the 9% we have YTD.

---

I guess you don't understand how manufacturing competition works.

Please do me a favor and look up average wages of various countries and report back to me.

It's a "feeling" that you have about how some manufacturing should come back. Which sectors or industries? How much do you wish to pay for in order to say, "we have 3 American brands to choose from".

The utterly stupid aspect of these tariffs is they are short term.

They won't have the desired result because nobody is going to set up shop here knowing they will soon be reversed.
Unless USA is going to go full protectionism is a radical departure from who we've been.

But we're not going to and the tariffs won't last. Because there is no national consensus for them. He didn't convince Americans that we need them. His party doesn't support them. It's just his own "feeling" about the issue, which has come out of left field.

Just wait it out 4 years.
Unless he also goes full dictatorship.

---

Some manufacturing should come home. Period. The brand that is American made is the highest quality brand we sell. Trump's tarriffs are too aggressive. I think this may pave the way for more equal and rational action. Companies will set up shop here, but likely not en masse. I don't need to look up wages around the world. I have bought and sold products for almost 15 years. Thanks.

DiabloWags said:

---

bearister said:

---

---

Coming to Big Pharma that book all of their profits in IRELAND, due to a ...wait for it ...wait for it ... a tax loophole that U.S. pharma giants exploited in the 2017 Trump tax overhaul to shift profits offshore.

Pfizer sold $20 Billion in drugs in the U. S. in 2019
Their federal tax liability was: 0

In 2023, Ireland accounted for 40% of the U.S.'s $101 Billion trade deficit in biopharmaceuticals, according to UBS.

---

Barf, all over the table.

oski003 said:

---

Cal88 said:

---

oski003 said:

---

DiabloWags said:

---

bearister said:

---

---

Coming to Big Pharma that book all of their profits in IRELAND, due to a ...wait for it ...wait for it ... a tax loophole that U.S. pharma giants exploited in the 2017 Trump tax overhaul to shift profits offshore.

Pfizer sold $20 Billion in drugs in the U. S. in 2019
Their federal tax liability was: 0

In 2023, Ireland accounted for 40% of the U.S.'s $101 Billion trade deficit in biopharmaceuticals, according to UBS.

---

Do you have a link?

---

He's right, many multinationals like Pfizer, GAFA etc parked in Ireland pay no or little income tax. Big scam/loophole.

---

Do you have a link that supports what wags said regarding the 2017 tax overhaul opening up a new loophole?

---

You could always try and do a bit of research if you don't trust him.

wraptor347 said:

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These aren't reciprocal tariffs.

Maybe one day you'll realize you've been duped by a sleazy businessman who managed to bankrupt a casino. I won't hold my breath tho

---

He'll be dead by then.

concordtom said:

---

oski003 said:

---

Cal88 said:

---

oski003 said:

---

DiabloWags said:

---

bearister said:

---

---

Coming to Big Pharma that book all of their profits in IRELAND, due to a ...wait for it ...wait for it ... a tax loophole that U.S. pharma giants exploited in the 2017 Trump tax overhaul to shift profits offshore.

Pfizer sold $20 Billion in drugs in the U. S. in 2019
Their federal tax liability was: 0

In 2023, Ireland accounted for 40% of the U.S.'s $101 Billion trade deficit in biopharmaceuticals, according to UBS.

---

Do you have a link?

---

He's right, many multinationals like Pfizer, GAFA etc parked in Ireland pay no or little income tax. Big scam/loophole.

---

Do you have a link that supports what wags said regarding the 2017 tax overhaul opening up a new loophole?

---

You could always try and do a bit of research if you don't trust him.

---

While there seems to be SOME truth in what he said, it appears to be a lie. Thanks.

oski003 said:

---

concordtom said:

---

oski003 said:

---

Cal88 said:

---

oski003 said:

---

DiabloWags said:

---

bearister said:

---

---

Coming to Big Pharma that book all of their profits in IRELAND, due to a ...wait for it ...wait for it ... a tax loophole that U.S. pharma giants exploited in the 2017 Trump tax overhaul to shift profits offshore.

Pfizer sold $20 Billion in drugs in the U. S. in 2019
Their federal tax liability was: 0

In 2023, Ireland accounted for 40% of the U.S.'s $101 Billion trade deficit in biopharmaceuticals, according to UBS.

---

Do you have a link?

---

He's right, many multinationals like Pfizer, GAFA etc parked in Ireland pay no or little income tax. Big scam/loophole.

---

Do you have a link that supports what wags said regarding the 2017 tax overhaul opening up a new loophole?

---

You could always try and do a bit of research if you don't trust him.

---

There seems to be SOME truth in what he said, but it appears to be a lie. Thanks.

---

Pfft.
You into oxymorons?

concordtom said:

---

oski003 said:

---

concordtom said:

---

oski003 said:

---

Cal88 said:

---

oski003 said:

---

DiabloWags said:

---

bearister said:

---

---

Coming to Big Pharma that book all of their profits in IRELAND, due to a ...wait for it ...wait for it ... a tax loophole that U.S. pharma giants exploited in the 2017 Trump tax overhaul to shift profits offshore.

Pfizer sold $20 Billion in drugs in the U. S. in 2019
Their federal tax liability was: 0

In 2023, Ireland accounted for 40% of the U.S.'s $101 Billion trade deficit in biopharmaceuticals, according to UBS.

---

Do you have a link?

---

He's right, many multinationals like Pfizer, GAFA etc parked in Ireland pay no or little income tax. Big scam/loophole.

---

Do you have a link that supports what wags said regarding the 2017 tax overhaul opening up a new loophole?

---

You could always try and do a bit of research if you don't trust him.

---

There seems to be SOME truth in what he said, but it appears to be a lie. Thanks.

---

Pfft.
You into oxymorons?

---

Are you calling yourself a smart liberal?

concordtom said:

---

oski003 said:

---

concordtom said:

---

oski003 said:

---

Cal88 said:

---

oski003 said:

---

DiabloWags said:

---

bearister said:

---

---

Coming to Big Pharma that book all of their profits in IRELAND, due to a ...wait for it ...wait for it ... a tax loophole that U.S. pharma giants exploited in the 2017 Trump tax overhaul to shift profits offshore.

Pfizer sold $20 Billion in drugs in the U. S. in 2019
Their federal tax liability was: 0

In 2023, Ireland accounted for 40% of the U.S.'s $101 Billion trade deficit in biopharmaceuticals, according to UBS.

---

Do you have a link?

---

He's right, many multinationals like Pfizer, GAFA etc parked in Ireland pay no or little income tax. Big scam/loophole.

---

Do you have a link that supports what wags said regarding the 2017 tax overhaul opening up a new loophole?

---

You could always try and do a bit of research if you don't trust him.

---

There seems to be SOME truth in what he said, but it appears to be a lie. Thanks.

---

Pfft.
You into oxymorons?

---

... Dup

MinotStateBeav said:

---

Trump's tariff policy is a sledgehammer but it's purpose is not to be used permanently, it's to initiate bilateral negotiations. He's going to force nations to begin negotiations because of tariffs. Put it this way, if he did nothing, nothing would change. If you're a country ripping off the US, you would rather like that to continue happening.

---

You're at #3.

Not so shockingly, we have seen every one of these excuses in our mentions. pic.twitter.com/XZkUBSRfbm

— Anonymous (@YourAnonNews) April 3, 2025

Pocahontas Says Yes said:

---

Note that Trump and tariffs is like a 3 year old that finds his father's gun and wants to play with it. His tariff "strategy", such as it is, is not at all well thought out and probably will fail spectacularly. However, the idea of taking away the benefit of cheap overseas labor, either permanently or as a negotiating ploy to encourage companies to do some of their manufacturing with American labor (rather than using cheaper foreign labor and then shipping product overseas) is not without merit. If tariffs were always bad, the rest of the world wouldn't use them.

---

I actually agree with this. There is merit to the idea that the US needed to be more aggressive about targeting certain countries or industries with tariffs (China, for example).

Trump's plan is just to do blanket tariffs on everyone, which is stupid and will probably crash the economy and further lessen America's standing in the world, assuming he sticks with this.

even if he doesn't stick with it he's already damaging (again) our reputation around the world.

This old man and his MAGA farming buddies are about to get CRUSHED by Trump's Trade War.

$27 Billion of Chinese Ag Imports from the U.S. just disappeared.

MAGA for MORONS!

Paul Krugman just had a great line:
In Terminator 7, Skynet doesn't bother starting a nuclear war, it just gives bad tariff advice."

concordtom said:

---

Paul Krugman just had a great line:
In Terminator 7, Skynet doesn't bother starting a nuclear war, it just gives bad tariff advice."

---

That is a stupid line with zero basis in reality.

Trump took the selloff in stride.

"I think it's going very well, Trump, a Republican, said in response about his tariffs Thursday afternoon. "The markets are going to boom."

This clown is in FANTASY LAND.

The average effective rate of his tariffs is now higher than what was imposed by the Smoot-Hawley Act in 1930.

23% vs 20%

Sadly, the people around him that he appointed to his cabinet are just as stupid. Bessent, Lutnick, and Navarro.

Destroying $5 Trillion of wealth in 2 days is "good".
Destroying super efficient supply chains is "good".

According to the Orange Crap Stain.

Can anyone imagine the outrage by Republicans had Harris or Sleepy Joe pulled this ****?

DiabloWags said:

---

Sadly, the people around him that he appointed to his cabinet are just as stupid. Bessent, Lutnick, and Navarro.

---

To be expected when the only relevant qualification is loyalty. All this nonsense about "DEI" policies lowering the bar is projection.

There are reports that Bessent is already looking for the exit. I'm sure his replacement will be even worse.

Yup.
His phone must be blowing up from his friends asking him why he's so ****ing stupid.

https://www.thedailybeast.com/msnbc-host-stephanie-ruhle-alleges-trumps-treasury-sec-looking-for-an-exit-door/

The last club member that didn't let Trump win was taken behind the maintenance shed…


Trump's playbook for reporting his golf exploits:

"In 1994, Pyongyang media reported that the first time Kim picked up a golf club, he shot a 38-under par round on North Korea's only golf course, including 11 holes-in-one. Reports say each of his 17 bodyguards verified the record-breaking feat. He then decided to retire from the sport forever."
CBS News

Wall Street Gets Rude Shock as Bessent Plays Second Fiddle on Tariffs

https://www.bloomberg.com/news/articles/2025-04-05/trump-s-tariffs-give-his-wall-street-backers-a-rude-shock

Bessent claims he wasnt even part of the tariff discussion. It was a "inner circle" of morons.

oski003 said:

---

concordtom said:

---

Paul Krugman just had a great line:
In Terminator 7, Skynet doesn't bother starting a nuclear war, it just gives bad tariff advice."

---

That is a stupid line with zero basis in reality.

---

Vietnam ready to go zero tariffs, but can we keep out Vietnam as a pass-through for China?

This is very well said. From "Joe S", pay attention:

..."Over the next 6–12 months, globalists will do everything they can to stall Trump’s trade reset. They can’t stop it head-on, so they’ll slow it down just enough to let rigged election cycles or bureaucratic drag kill the… pic.twitter.com/W8WdAGjPVo

— TheLastRefuge (@TheLastRefuge2) April 5, 2025

This post seems most likely what will happen. Have to break the fever of it though.

This seems likely.

It's Always About the Grift... pic.twitter.com/RG3C8RyeGP

— RB (@rbisrb) April 5, 2025

"They can't stop it head-on, so they'll slow it down just enough to let rigged election cycles…."

Trump has finally gotten his supporters to adopt his 10 year old boy strategy of accusing others of engaging in misconduct to distract them from figuring out it is the precise conduct he is engaging in (projection).

This strategy is being used right now in North Carolina to set aside the election for a state Supreme Court justice position won by a Democrat. "Elections" will become as meaningless in America as they are in Russia.

New court decision in a disputed North Carolina race means 65,000 votes are a step closer to be being thrown out


https://www.nbcnews.com/politics/elections/new-court-decision-disputed-north-carolina-race-means-65000-votes-are-rcna199746

"The one Democratic judge involved in the state Court of Appeals' decision said the majority's ruling amounted to "changing the rules by which these lawful voters took part in our electoral process after the election to discard their otherwise valid votes" and called the majority's ruling an "an attempt to alter the outcome of only one race among many on the ballot is directly counter to law, equity, and the Constitution."

bearister said:

---

" They can't stop it head-on, so they'll slow it down just enough to let rigged election cycles…."

Trump has finally gotten his supporters to adopt his 10 year old boy strategy of accusing others of engaging in misconduct to distract them from figuring out is the precise conduct he is engaging in (projection).

This strategy is being used right now in North Carolina to set aside the election for state Supreme Court justice position won by a Democrat. "Elections" will become as meaningless in America as they are in Russia.

New court decision in a disputed North Carolina race means 65,000 votes are a step closer to be being thrown out


https://www.nbcnews.com/politics/elections/new-court-decision-disputed-north-carolina-race-means-65000-votes-are-rcna199746

" The one Democratic judge involved in the state Court of Appeals' decision said the majority's ruling amounted to "changing the rules by which these lawful voters took part in our electoral process after the election to discard their otherwise valid votes" and called the majority's ruling an "an attempt to alter the outcome of only one race among many on the ballot is directly counter to law, equity, and the Constitution."

---

This has been how they do business in NC for a while. If Republicans don't win, change the rules.

Trump's brilliant Treasury Secretary BLAMES the market crash on China's "Deep Seek" AI application and not the tariffs from the Administration.

Hahahahahahahaaaaa!

These people are IDIOTS.

WTH? Bessent tries to blame market sell-off on DeepSeek versus Trump's tariffs

oski003 said:

---

concordtom said:

---

Paul Krugman just had a great line:
In Terminator 7, Skynet doesn't bother starting a nuclear war, it just gives bad tariff advice."

---

That is a stupid line with zero basis in reality.

---

Lol
What a dope!
It's a ****ing joke, based on a fantasy movie, you moron. Hahaha
An analogy. A humorous analogy.

DiabloWags said:

---

Trump took the selloff in stride.

"I think it's going very well, Trump, a Republican, said in response about his tariffs Thursday afternoon. "The markets are going to boom."

This clown is in FANTASY LAND.

The average effective rate of his tariffs is now higher than what was imposed by the Smoot-Hawley Act in 1930.

23% vs 20%

Sadly, the people around him that he appointed to his cabinet are just as stupid. Bessent, Lutnick, and Navarro.

Destroying $5 Trillion of wealth in 2 days is "good".
Destroying super efficient supply chains is "good".

According to the Orange Crap Stain.

Can anyone imagine the outrage by Republicans had Harris or Sleepy Joe pulled this ****?

---

It makes as much sense as putting people in ovens.
By that I mean, neither makes sense, but when a cult gets ahold of a mass of population, both are possible.
One needs to understand human social psychology to make sense of what otherwise makes no sense!