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Here's Why Trump Will Win the Tariff Standoff

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Posted By: gaboy, 4/3/2025 2:41:36 PM

Treasury Secretary Scott Bessent made it clear in an interview with CNN that the era of trade imbalances is over, and under President Trump, the U.S. will no longer tolerate unfair treatment. During a discussion with CNN’s Kaitlan Collins, Bessent confidently explained the administration’s position on tariffs and trade policy, signaling that Trump’s economic strategy is deliberate and well thought out. When pressed on how the administration’s policies could impact the auto industry, particularly regarding vehicles made with foreign parts, Bessent was blunt. “If half the cars coming into the United States are foreign-made, that's hard to turn around overnight, as you know,” Collins said.

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Reply 1 - Posted by: downnout 4/3/2025 2:53:36 PM (No. 1926130)
Poor Kaitlin, she did her best to corner Bessent but failed. Will tariffs be painful? For a while, yes, but we simply cannot afford to be the the repository for the worlds manufactured goods. I want to know who the politicians are who agreed to these tariffs in the first place. If another country is assessing us 50% tariff on goods from the United States, why on earth would we say “Oh, OK. No problem.” WTH???
45 people like this.

Reply 2 - Posted by: judy 4/3/2025 2:56:55 PM (No. 1926134)
Fox is going Gaga I guess they prefer a president who sleeps on the beach????
19 people like this.

Reply 3 - Posted by: DVC 4/3/2025 3:47:15 PM (No. 1926165)
Well they say "hard to turn around overnight:, but Ram trucks, Charger and Challenger maker Fiat/Chrysler [Stellantis] has shut down their production lines in Canada and Mexico, and GM is increasing production of pickup trucks in it's US plant and it is ONE day from the announcement of the tariffs. THAT is some pretty damned immediate results if you ask me.
57 people like this.

Reply 4 - Posted by: FL_Absentee_Voter 4/3/2025 4:16:42 PM (No. 1926177)
The windows is tight. Elections in 19 months and campaigning will start this summer. If the economy isn't roaring, rates aren't down, and the market back up in relatively short order a dem majority on Capitol Hill will bring a screeching halt to every good thing that's been happening.
22 people like this.

Reply 5 - Posted by: Vaquero45 4/3/2025 4:35:03 PM (No. 1926179)
I don’t know why anyone in this administration would talk to Kaitlan Collins. Or, for that matter, anyone from CNN.
42 people like this.

Reply 6 - Posted by: LLAMA 4/4/2025 7:09:37 AM (No. 1926456)
Kaitlin Clarke is out of her league trying to outwit Bessent. Come to think of it, she's out of her league trying to outwit anybody, except maybe Mortimer Snerd.
14 people like this.

Reply 7 - Posted by: NotaBene 4/4/2025 12:08:09 PM (No. 1926667)
President Donald Trump is acting at full speed precisely because we have 19 months before Hakim Jeffreys impeaches him again. The challenge is how much can the Marxists Judges of the DC Circuit can slow MAGA down. Regardless of what they do the New World Order has ended. Same for the Green New Deal. The USA is now the Great Deal, deal with it Commies.
6 people like this.

Reply 8 - Posted by: DanvilleBill 4/4/2025 5:09:15 PM (No. 1926901)
Since Trump took office last January 20: The DJIA is down 12% The S&P 500 is down 15% And the Nasdaq is down nearly 21% For those with courage It's a great time to do some equities bargain hunting out there!
3 people like this.

Reply 9 - Posted by: Kafka2 4/4/2025 9:16:22 PM (No. 1927035)
It seems that most economists view tariffs in static terms. By using tariffs dynamically, changes in trade relations can be negotiated to get a more equitable trade relationship. The companies that had shifted auto production to Canada and Mexico are already shifting production back to the USA. Another advantage is that shifting production of critical products back to the USA makes us less vulnerable to supply chain disruptions.
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Posted by gaboy 4/3/2025 2:41:36 PM Post Reply
Treasury Secretary Scott Bessent made it clear in an interview with CNN that the era of trade imbalances is over, and under President Trump, the U.S. will no longer tolerate unfair treatment. During a discussion with CNN’s Kaitlan Collins, Bessent confidently explained the administration’s position on tariffs and trade policy, signaling that Trump’s economic strategy is deliberate and well thought out. When pressed on how the administration’s policies could impact the auto industry, particularly regarding vehicles made with foreign parts, Bessent was blunt. “If half the cars coming into the United States are foreign-made, that's hard to turn around overnight, as you know,” Collins said.
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