/biz/ - Business & Finance

based the bottom is in. 100k btc eoy thats my president always looking out for the average joe.

tariffs are supposed to protect domestic industry
problem is, america has no domestic industry
so the tariffs are pretty much useless

>>50160718
so this is why we are pumping

>>50160718
delicious bobofag tears

>>50160718
BRANDON BETRAY

And there it is

>>50160718
So he’s basically doing what Trump had already been doing.

>>50160718
WHY DIDN'T YOU POST THIS HOURS AGO YOU NIGGER I WOULD HAVE BOUGHT BACK IN SOONER

>>50160718
KWAB

>>50161138
Uh... who imposed the tariffs in the first place retard?

fuck there goes another -50% for my CLF

>>50161165
Tariffs on Chinese goods have been in place for years due to anti dumping legislation. Trump just increased Tariffs massively, he didn't introduce them.

>>50161165
Idk?

Obama?

https://money.cnn.com/2017/01/03/news/economy/obama-china-tire-tariff/index.html

>>50161617
I don't have a dog in this fight but Chyna tariffs were politicized 1000x by Donny boy

>CHYYYYNNAAAAAAA

>>50161638
Muh Obama. Don made tariffs a huge trade war initiative

>>50160718
based Zhou Baideng

>>50161679
Maybe but these article is 2012.

https://www.forbes.com/sites/uciliawang/2012/03/20/feds-to-impose-tariffs-on-chinese-solar-goods/

>>50161679
You clearly don't understand politics. Obama and Trump both imposed tariffs. The only difference is Trump pandered to republicans so he made it very public while Obama pandered to Dems so he did it in the shadows.

>>50161701
Regardless of who started it >>50161138 is wrong and sucks cock like a fucking pro.

>>50161718
You can literally google for obama tariffs and find articles published during his tenure. There was no shadows. But Trump made it much more partisan

>>50160718
Based Biden Bullrun back on. I don't give a fuck about chinks taking over. I want my fucking money back

>>50160718
I have been working on networking products made in Mexico (FTA), I can't imagine I keep my job when people can just buy a huawei product for 30% cheaper, even with tarrifs our products would have been barely competitive. I don't understand how the chinks do it unless they just get subsidized by the govt to add spyware.

>>50161718
>>50161736
So both sides did the same things with different framing. A true democracy

What's the most dreadful possibility, that the ones that stole the election banana republic-style are retards with no basic understanding of economics, or that the ones that stole the election banana republic-style are crashing the economy on purpose for holodomor 2.0 ?

>>50161804
Exactly


The illusion of choice

哈哈哈 売電 疯狂

>>50160718
everything is so crazy now, I don't know if I wanna laugh or cry

>>50161807
The latter

>>50161804
this isn't the first time you're realizing this, r-right?

>>50161138
You are the type to compulsively lie about political opposition because you only ever hang out with the choir and they give the flouride stare and nod with that wry smile of empty head hatred.

>>50161093
12 more months for MAXIMUM TILT.
Hold on it’s going to be a bumpy ride!

Biden is doing the best he can to fight the inflation that was caused by Zognald Trumpsteins disastrous policies. I, for one, admire the job he's doing/execute///scriptorder66.exe

Bully not so tough after getting molested...

>>50161807
yes

>>50161617
>what is rollingback

>>50161807
Americans are so obese and gross that a starvation might actually be a positive lul.

>>50161804

>>50160718
ABSOLUTELY B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-B-BOOOOOOOOOOOOOOOOOOOOLLLLLLLLLLIIIIIIIIIIIIIIIIIIIISSSSSSSSSSSSSSHHHHHHHHHHH

>>50162443
Back home so new ID, not debating the OP just whether tariffs on Chinese imports existed before Trump.

>>50160718
His own inner circle is telling him not to do it. But more to the point: If you're going to capitulate like a bitch on this, just tell Zelensky to eat shit and end the war with a surrender.

>>50160718
how is reducing taxes on chinkshit going to directly affect inflation? instead of spending $9.99 on gook garbage from amazon/ebay i will be spending $9.88? WOW FUCKING AMAZING! THANKS OBAMA #RIDINWITHBIDEN!

>>50160718
>China, stop trading with Russia or we'll sanction you!!
>also we can't cope with current sanctions so we're cancelling that
Huh

>>50163489
>how is lowering prices going to affect inflation
Are you one of those people who comes into the thread about price inflation and starts arguing about money supply inflation

Not even a bad move desu
Being tough on China is a meme until we have manufacturing come back here, ie when AI does it entirely on its own. Anyone saying otherwise is being retarded, our economies are too closely tied to ever lead to meaningful conflict including the Taiwan invasion

>>50163515
Prices dont inflate, they increase
Money supply inflates
Look at a 1900 dictionary

inb4 china takes new profits and buys russian oil

muh, smart politics is undeniable

God this country is going in the shitter, one fucking president who tries to uproot the whole political system and make himself dictator; followed by a literal retard.

Put a sane normal human being in the oval chair now! Or I'm gonna start shooting.

>>50163836
>Or I'm gonna start shooting.
Based Minecraft Counterstrike Modder

>>50161121
we pump because whales slowed their dumping. these """news""" are irrelevant.

>>50160718
>Handicap local production
>Next remove trade tariffs

This is going to send companies overseas again, and do nothing but weaken the united states.

>>50163879
it's called kicking the can down the road
that's what democracies are designed to do

Another Obama mastermind decision. Maybe the monkey really is running the white house from his phone in Hawaii.

>>50160718
>Let's become more reliant on China before they take Taiwan.
Rip Taiwan bros, it was good shit posting with you guys.

>>50161801
your products are probably made out of chink parts.

>>50164116
fuck taiwan. Also not a country

CLOWN WORLD

>>50164418
china BELONGS to taiwan

>>50164418
Post your eye slant.

>>50161638
Trump is on record many of times saying we need tariffs on China

Funny part is that Chinese goods became EVEN more competitive in comparison to the American goods. Because of the war, China is getting their oil at a 30-40$ discount (compared to market prices) from Russia, meaning that their production and transportation is cheaper.

>>50161801
>unless they just get subsidized by the govt to add spyware
ding ding ding

>>50161807
They have no understanding of economics and are trying to crash everything on purpose. The results is a coin toss at this point.

do I go all in on Yuan?

>>50160718
whats his endgame?

>>50160718
the chinese are clearly the winners here

>>50161807
Historically, it has been "that the ones that stole the election banana republic-style are retards with no basic understanding of economics" in virtually every other country on the planet throughout history. So I'm guessing it's that. I don't think they are actually smart enough to cause another Shoah on purpose.

>>50163587
>Look at a 1900 dictionary
How about you use modern language you dumb fuck. Literally everybody uses "inflation" to mean price increases, sometime you use it to mean increase in monetary supply, in that case specify to avoid confusion. Here's the fed using it:
https://www.federalreserve.gov/faqs/economy_14419.htm
>Inflation is the increase in the prices of goods and services over time
That's according to the Fed, use that language instead of your 1900 dictionary to avoid unnecessary arguments such as this one

>former CIA director: the problem with China is that can turn disadvantageous situations into advantageous ones

it's over, isn't it americabros?

>>50164418
Taiwan is the only true Han Chinese country. The PRC is a proxy pretender state holding the mainland hostage.

>>50164915

No one cared who he was until we put on the masks

>>50160718
not a fan of tariffs. i'd try huge tax breaks first to protect domestic industries.
i suppose this means union workers flipped heavily to trump despite union leadership being in their pocket.

>>50164464
>>50164476
>>50165218
You say that but even your cuck Western countries don't recognize Taiwan. You are afraid Westoid. Bark bark like a dog. Only good use for a dog is food. Well your women will say otherwise.

>>50165386
lmao get a load of this chink, enjoy this era of relative prosperity the white man has given you cause its back to the rice fields in the coming decades

>>50161804
I hate these niggers so fucking much.

>>50165151
True.
>Declining birth rates?
New taxes on single men 30+ and women 25+
>eating bugs and dogs?
More reliable and sustainable food sources
>gutteroil?
>cheap materials for infrastructure?
>unsafe working conditions and frequent road accidents?
Free eugenics and population control
>Africans acting up?
Be openly racist to them in public and send them back
>Muslims acting up?
Send them to re-education camps
>Japan, S Korea, and Taiwan Western lapdogs acting up?
Flex military assets near them to make them seethe more
>Evergrande?
No bailouts. We're not America

China bros we are literally unfuddable

>>50161120
they got iphones and weapons

>>50160718
lets replace the US government with zionist nazis and WEF foreign coin shavers and see what happens

>>50165728
whoops sorry injected your children with poison to stop climate change

>>50165099
>just play the talmudic word games goy
money supply inflates.
prices increase.

saying prices inflates implies that goods and services have been getting more expensive to produce in terms of raw materials and labor over the last century (which is preposterous)
saying the money supply inflates implies those kike niggers at the fed and their banks keep printing moneyout of thin air which makes said money's worth go to zero over time
the distinction is important

manipulating language is the gateway to manipulating opinions

>>50165484
>the white man has given
Thank you come again. No refunds.

>>50165706
Why is China so based, Sinobro? Is it because they aren't a cuck democracy?

>>50165484
There's no humiliation in honest work. That's your problem Westoid. Everyone of you are living a fantasy and you all convinced yourselves you're the main protagonist of life. All of you want to have wealth and status. An unsustainable society. Who will clean your toilets, make your products in factories, build your house, mow your lawn, deliver stuff to your door, and fight your wars? Oh wait, you already outsourced those. Imagine dropping the ball when you literally had control of the globe for centuries. Or was it Jews all this time who did?

>>50165915
We are based because we're an ethnostate. Something Whites can only LARP and dream about.

>>50165983
Based. Can i enter your ethnostate and be a loyal thrall?

>>50160718
Should have rolled back the tariffs as soon as the orange was kicked out

>>50165918
>Who will clean your toilets, make your products in factories, build your house, mow your lawn, deliver stuff to your door

You and the other people whose highest aspiration in life seems to be slavery.

You know slavery is actually pretty disgusting to me. I hate looking at meek, sniveling and wormy people. I'd prefer if all slave castes everywhere were killed off and replaced with robots. But... since we're not yet there with automation, the 2nd best idea is to have those slave who think slaving is cool. You.

>>50166047
Roman also enjoyed to "outsource" lots of things to non-Romans. Until they outsourced defense to non Romans. Guess what happened after a few decades of this...
Looking at mutt army i see that this process already started...

>>50161121
Futures are very red

>>50166075
I agree. Outsourcing defense is crazy, that's why I cut "fight your wars" out from the list. When the western armies start acting up, that's when the collapse really begins. Surprisingly, I think we're mostly in agreement about the current state of affairs.

>>50165706
The weak point of the USA is sucking rentier cock.
If they'd let 2008 play out and let landlords assets die the USA would look very different today.
Instead they went for high land prices, offshoring and immigration.
Hope it fails, fuck you guys.

This is the deal with Chinese to fuck with Russia.

>>50165997
If you are a White man(either extremely intelligent, high charisma, or very strong physically) we need your genes for eugenics purposes. In return you maintain your status as White male and guaranteed a Chinese wife(multiple if that tickles your fancy). And yes, we Chinese men are already secured in our state mandated pairing with Russian women. There will be no seething. https://youtu.be/OfIqPOzrEJI

This is too little late. We will only get a dead cat bounce off of this
>>50161736
You're so naiive.

>>50161807
If you think they have (the ability to have) a grand plan, you are retarded.

>>50166047
I guess we'll just have to wait and see what way of life will triumph in the end. Euro already violating support and back to 1999. Its only America left with a stock market with no recovery signs in sight. This decade will decide.

And so China wins again

>>50160718
The American President is literally better at destroying the country than any foreign entity wtf

Xi won get over it losers.

>>50160718
>kicking off the bullrun to fight inflation

>>50166268
I'm Southern European, am i allowed?

>>50166268
Give me 3 Russians and a ministerial position and I'll consider it, if not I'll cut out the middle man and just side with Russia

>>50161093
2 MORE WEEKS

>>50161807
Easily the first, which I believe to be the case, as it means no one is at the wheels of the plane and we are all in for a hard landing — a malevolent elite might still take pity on you, or give you a shitty offer, but this is just chaos with high chance of death

>>50161120
Yup. This is what people don't get. The US has been outsourcing everything for like 40 years. China tariffs don't do shit, except hurt the consoomer.

>>50161093
Lmao, turds actually believe this.

Political suicide for the Democrats.

I don't think coasties understand how much people in the Rust Belt fucking hate free trade and blame it for all of their problems. They've traded pissing off all of the swing voters in the "blue wall" for a 0.2% reduction in CPI. Truly, truly retarded.

>>50160718
based as fuck

>>50161138
nobody asked, chud

>>50169299
>people in the Rust Belt fucking hate free trade
Flyover types are the most pro-capitalist, asshat

>>50169371
You're thinking of farmers in the plains states who like liberalization because they want to sell their basedbeans to the chinks.

There are millions of former factory workers in Wisconsin, Illinois, Ohio, and Michigan who all voted Democrat because their union told them to, right up until Clinton signed NAFTA and let China into the WTO, despite the unions begging him not to. They never forgot that betrayal, and that's why they voted for Trump (who constantly shit on these things) over Clinton's wife.

>>50169509
Fun story but voting records prove otherwise.

>>50162150
federal agent btw

>>50161736
>But Trump made it much more partisan
The media and Democrats did that. Trump was acting against his own party establishment with regards to tariffs. The left abandoned them as a policy idea. The blame falls squarely on them for making it partisan. Trump exposed the uniparty.

>>50163489
The 25% tariffs were 25% inflation immediately effective on all goods. It started the fiasco not to mention supply chain disruptions resulting afterwards. Effective inflation reduction can include tax cuts or tariff cuts

>>50169838
>The left abandoned them as a policy idea.
Only in your dreams.

Tariffs are communist socialist bullshit. Biden is doing the best he can to save capitalism

>ease tariffs
>fight inflation
so you're telling me, the american economy cannot be successful, IF we can't buy uncompetitively cheap shit from China?
sounds problematic.

>>50170105
Americans don't work.
>I HAVE AN MBA IN WOMAN STUDIES
>I DON"T WORK IN FACTORIES

>>50161120
BUT T..- R . U .. M..P IS STABLY GENIUS


RECESSION STARTED IN OCOTBER 2017. IT WAS DUBBED BLACK FRIDAY
BIG RED DIDLOS ON THAT DAY


THEN THEY PRINTED MONEY FOR THEMSELES AND LIE TO YOU

I hate Democrats so much its unreal

>>50160718
LOL America is so fucking desperate right now!

>>50161127
This is the correct answer. Whether Biden is doing this for the Chicoms hiring his crackhead son or whether he is doing this as he is desperate to >temporarily< lower CPI (see the massive, ineffective draw down of the Strategic Petroleum Reserve), longer term, Biden is betraying the working class.

Corn Pop is corn holing the middle and lower middle class. It is also unlikely that this will meaningfully lower the CPI so Biden and his far left masters are still on a collision course with political Armageddon.

>>50161120
bingo

>>50161120
Why did the US ever think it was smart to outsource their industry to China? Why not outsource to smaller and more divided South East Asian countries?

>>50170851
Pure greed from the people in charge. No loyalty to their country, they just shipped everything to the cheapest option, China. Now they run around like headless chickens, panicking over the monster they created.

>>50170851
Jews, unironically. The goal is to bring the US to its knees, not prosper

>>50170851
The Jew intended to move their parasitic operation to China after killing its current host.
China made it clear it won't happen in 2015, which is when the media kvetching started.

>>50170851
Because china is better at wageslavery

>>50160718
It's a very big mistake, it would lower inflation by 0.3% but it would give China huge leverage over the US

The state of this clown empire is beyond rescuable

>>50170984
>>50170928
Very clever and redpilled responses, it's not /pol/ I can see.

>>50160718
how about rolling back sales tax and keeping that tariff...

>>50161807
the first. incompetence is always worse than malice

>>50160718
It's the housefrau that allowed for American industry. No housefrau no western industry. Tariffs are useless, we have women dragging down wages and demoralized men. It's been culture all along, not politics, but good luck telling a bunch of people that paid 50k plus for someone to tell them they are smart to understand something like that

>>50171135
no federal politician even signfiicantly tried to temporarily halt gas taxes or any of that shit. what would make you think states are gonna start trying to halt sales taxes? you vill pay ze taxes unt be happy

>>50163489
It's not just consumer goods, Chinese are actually good at making some things like Aluminum. America is bleh, British used to be good until Muslims took over, India is terrible, South America is terrible. What little industry we have left that survived the Grand Pozzing will benefit from Chinese material

>>50160718
Good, the trump trade war was a mistake.

>>50170851
The problem is it wasn't "the US", it was a small subset of psychopathic yuppie baby boomers that took on decision-making roles at major corporations all across America. That subculture's mentality is 100%, "fuck you I got mine" and have little ability to think about or plan for the future.

Kek

>>50170259
Can confirm. Also poor/pozzed management

>>50170851
Greed simple as.

ngl this was one of Trump's dumb fuckin moves. based beijing biden.

China's puppet obeys it's master. In other news...

>>50172359
Chinese Aluminum is garbage. Their steel is garbage too.

>>50160718
What's the problem?

>>50172871
Communists hate this move

>>50173281
China is pretty much a capitalist country.

>>50173298
Tariffs are communist. They're against free trade

>>50173333
They might be against free trade, but that doesn't inherently make them communism.

>>50160718
>trump passes $370 billion tariff package on the chinks
>biden will "roll back" $10 billion worth
>150 replies
bulls so desperate to stay bullish they ignore facts
>bobo thread
>four people show up, the rest is bots posting about how libertarians are a jewish trick
the bottom is so ungodly far away it's unreal.

The real question is, how does a US based investor profit from this?

>>50161801
directors and shareholders probably aren't paying themselves as much.
The West is full of money goblins and has convinced you that $300 million a year salary is what they "deserve" while you barely scrape $90k for working 60 hour weeks

>>50170984
>The Jew intended to move their parasitic operation to China after killing its current host.
>China made it clear it won't happen in 2015, which is when the media kvetching started.
bingo

>>50170984
this

>>50161120
Long term they could cause more domestic industry to be created
That wont work though if a new president removes the tariffs every few years

>>50170851
You don't understand. Mao made it a focus to industrialize China - they were the only ones who could build anything in Asia.

Still, till this day, you can have anything made in China, and the logistics network is all there...all for a great deal. There are companies with idle factories, just waiting to employ 100 bugs to make your new shitty thing, so long as you have the money.

Vietnamese and SK, Laos, Thailand, all those gooks are incompetent as fuck. Fuckers have fish teeth cause they're literally just content with sitting by a stream and eating raw fish like golum,

But yeah, the Chinese are just simply much smarter than everyone else, and they have the backing of a competent state with much means and resources. No other country in Asia could compete because they weren't even in the game, and now they're too far behind to match China.

>>50170851
Sometimes having a single party authoritarian government can be very effective. This is one of those times. Imagine have to deal with the laws and politics of 10+ countries rather than one. Then the required infrastructure and logistic network across all of that, on top of dealing with the whim of political instability.

The entirety of SEA combined doesn't even match to a quarter of China's manufacturing output.

>>50165823
Based.

>>50171134
Imagine using all 110 of your IQ to come up with complex copes to deny an obvious and simple reality.
>n-no you don't get it jews are massively overrepresented in government media and finance because they're just smarter and more successful which is why they make such shortsighted and stupid decisions which benefit their supranational elite class at the expense of gentile nation states it's just greed it's just stupidity it's just anything other than an extremely powerful and nepotistic ethnoreligious group, also it's white people's fault

>>50174850
>Sometimes having a single party authoritarian government can be very effective
of course the truth is that being able to live without a genuinely authoritarian government is actually a luxury, and in most cases that form of leadership is a necessity
individual liberty is something that's either granted to you by already favorable social, environmental, and economical circumstances, or is traded for by selling away the sovereignty of the nation in an obscured way
the irony is the people who obsess so much over their liberty in some ways understand it the least, because of exactly what liberty allows them to take for granted