Trump interview references tariffs and Silicon Valley

Lyft ihb47
Jun 10 59 Comments

“ tariffs are a beautiful thing”

“ they [china] don’t have nearly the capabilities of our geniuses who walk around Silicon Valley in undershirts, who are worth $2 billion”

https://www.cnbc.com/video/2019/06/10/watch-cnbcs-full-interview-with-president-donald-trump.html

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TOP 59 Comments
  • Intel pakajdj88
    The fact that people don’t see “tariffs are a beautiful thing” as the ultimate negotiation stance is baffling to me.
    Jun 10 32
    • Intel pakajdj88
      What amount of money in your mind is each homeless person worth? You are saying they are worth more than $1,000,000 annually.
      Jun 13
    • Microsoft idknbd
      You miss the point. We could solve the homeless problem more or less permanently with a little focus. It's difficult to put a monetary value on human suffering. Solving the Chinese IP problem is more difficult, probably impossible, and would only benefit a small sliver of society that is mostly already rich. Solving the homeless problem would benefit huge swaths of society.
      Jun 13
    • Berkeley Lab paba
      How did IP theft, illegal immigrants piling up at the border have to do with homelessness. In importance scale, it is, 10000 vs 1000 vs 0.1??
      Jun 13
    • Microsoft idknbd
      homelessness is more important than then other 2 combined
      Jun 13
    • Berkeley Lab paba
      Hahaha. Ok. You must be living in downtown Berkeley or something. But hey what you said is none sense.
      Jun 13
  • Lyft ihb47
    OP
    Well keep your eye on the consumer price index and inflation. So far nothing to worry about on the consumer front. Kind of makes sense that the old models of trade and tariffs don’t account for how interconnected our global supply chains are. Apparently substitution Across huge variety of imports is much more of a thing now versus 100 years ago So the tariff country ends up losing market share in the consumer never pays the higher price
    Jun 10 10
    • Target / Eng tmDe33
      More dunking than the NBA here
      Jun 10
    • Lyft ihb47
      OP
      Oh yeah we can see the Jump in the made up category that golden sacs provides for us. Overalls down. Goldman Sachs is not a neutral player
      Jun 10
    • Microsoft
      dilf

      Microsoft

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      dilfmore
      Lol, keep tilting at windmills, my friend. Trump's department of labor and department of commerce are also deep state actors as well, right?
      Jun 10
    • Lyft ihb47
      OP
      That is from a Goldman Sachs presentation, correct?
      Jun 10
    • Target / Eng tmDe33
      And there it is.
      Jun 10
  • Microsoft lsj🦀crb
    The country is booming! Tariffs are a simple tool US can exploit to convince other countries to deliver on their promises. In the interest of the US. The world is used to not following on promises made to the US. Not anymore. MAGA. 🇺🇸
    Jun 10 0
  • OpenTable Meliodas
    Tariff is just PC for tax.
    Jun 10 8
    • Microsoft
      dilf

      Microsoft

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      dilfmore
      It doesn't just apply to imports. Domestic manufacturers will also raise prices to increase margins while still being able to charge less than the import because of the tariff.

      It affects all consumers of the product that is being taxed.
      Jun 10
    • New / Eng
      TechLeed

      New Eng

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      TechLeedmore
      Oh, well if domestic increase the price and people still buy it, that's unfortunately how economics work.

      Still better than China profiting off our IP
      Jun 10
    • Microsoft
      dilf

      Microsoft

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      dilfmore
      This is true, and then people have less money to buy other things causing their purchasing power to decrease.
      Jun 10
    • New / Eng
      TechLeed

      New Eng

      PRE
      Amazon
      TechLeedmore
      We shouldn't generally support wasteful spending. That's a separate issue entirely
      Jun 10
    • Intel pakajdj88
      You guys probably argued about how confronting the Nazi’s raised the price of gas.
      Jun 10
  • Microsoft
    dilf

    Microsoft

    PRE
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    dilfmore
    Tariffs are a beautiful thing unless you are a consumer.
    Jun 10 1
    • LinkedIn cd-
      Tariffs are a beautiful thing for everyone who doesn’t spend their own money
      Jun 10
  • Lyft ihb47
    OP
    He’s also spot on right about the poor fashion sense out here though, LOL
    Jun 11 2
    • Google wFatDuck2
      he's of course known for his top notch style!
      Jun 11
    • Lyft ihb47
      OP
      He’s a couple steps up from undershirts
      Jun 11