Tractors and (upcoming) tariffs?

[CloverKnollFarms]

He did lower my taxes... And if he makes markets happy, well, I'll be happy. Being retired at 47, I have enjoyed the Trump run up since Nov 6th.

 

[Duds13]

Yes, 45 huffed & puffed a lot, but really did very little beyond golfing. 47 will be be 45 redux. He's quite predictable.

What exactly did 46 do?

 

[Hay Dude]

What exactly did 46 do?

Lie

 

[Hay Dude]

Does anyone realize the amount of tariffs other countries put on US exports?

 

[square1]

What exactly did 46 do?

Pardoned 46 Jr

 

[Duds13]

Pardoned 46 Jr

and took close to 600 days of vacation

 

[square1]

He did lower my taxes... And if he makes markets happy, well, I'll be happy. Being retired at 47, I have enjoyed the Trump run up since Nov 6th.

The market had 42 week ending highs in 2024 prior to 11/6. Matter of fact there's only been one administration in my lifetime in which the market was lower at the end than the beginning.
Congrats on your early retirement. With my retirement scheduled in 2025 I've enjoyed the market run-up since 1/20/21. It's been a wonderful time to make money.

 

[DarkBlack]

Back to tariffs, I guess I'm a touch baffled that so many folks don't believe people are going to do exactly what they said they are going to do. The "10% on china" was "10% on top of the initial proposal of 60% increase across the board" which means 70% total if that lands (so 60% increases for anything from China across the board is currently best case). Maybe the 25% on Canada and Mexico will happen up front.. maybe it'll only be 10% and then ramp up as the retaliatory tariff war lands. I dunno.. but when someone says they're going to do something.. my first tendency is to go ahead and take them at their word.

I'm personally planning on basically everything to get 25-50% more expensive at a minimum and probably closer to double or more for a lot of things (especially any fresh food and most hard goods) in the next couple of years (not just due to tariffs, but other policies as well)

Because of this I've moved up a lot of purchases I was previously putting off, especially of anything that smells of imported goods (but also domestic maintenance items, etc.. because if it hits raw materials as hard as I think it will all that will have some harsh ripple effects). I'm planning on moving into hunker down and survive mode for the duration, I have a garden so can at least get fresh produce. I have some funds if necessary but will probably need a decent chunk of them to support elderly relatives as they get cut off from the various support systems (again.. that is literally what they said they were going to do.. and I have so far zero reason to disbelieve them). At this point I've written off ever getting Social Security and figure medical support is best case pay out of pocket until that's gone and then end it because there's zero chance ACA survives. Worst case I'm wrong and pre-spent a bit I didn't need to just yet (and a few businesses got some advantage out of that so good for them).

Will a lot of companies figure out how to evade and skirt the tariffs? Sure, they already are (how isn't hard to find if you look). Most of the ways that's happening are also detrimental to the domestic economy as well so .. shrug not much I can do about it except what I've always done.. survive.

I'm pretty sure I'm not alone on this one as I personally know a bunch of folks who are not getting their usual x-mas bonuses because businesses owners are stockpiling goods ahead of the expected changes to try to buffer out the cost increases and that has consumed the available capital that would normally have been used to fund those.

I’m more concerned with the current admin provoking a life ending nuclear war, than some product tariffs with next one. You might want consider “hunkering down “ for this

 

[square1]

and took close to 600 days of vacation

Dang, that's a lot of vacation. Maybe I'll run for office after I retire. Doesn't sound like it's too hard of a job. Golf & vacation (except I don't golf)!

 

[Hay Dude]

The market had 42 week ending highs in 2024 prior to 11/6. Matter of fact there's only been one administration in my lifetime in which the market was lower at the end than the beginning.
Congrats on your early retirement. With my retirement scheduled in 2025 I've enjoyed the market run-up since 1/20/21. It's been a wonderful time to make money.

No record inflation eating away at that “wonderful time to make money”?