I haven't made much comment about if tariffs are good bad. Because I don't think it's a black and white thing.
I actually think Australia needs to protect some local industries more, which can't be done due to free trade agreements. But I also understand that would mean I would be paying that subsidy as a form of backdoor tax. Not the country being locked out to help our local businesses. In some cases I am happy to pay that price.
You and Trump seem to be selling the lie that the extra billions of dollars generated will come from somewhere other than American consumers.
If I was American, the major criticism I would have about the tariffs is that such widespread blanket tariffing is going to disproportionately affect poorer people a lot more than then the rich. Because normal daily consumption costs a much higher percentage of income the lower you are paid.
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precisely. countries have always done this.
When you outside your country and the return, you are allowed to bring back a quantity of certain things duty-free. That's basically a consumer tariff under a different name. Otherwise, people would fly to a neighboring country with empty suitcases and return with hundreds of cartons of cigs (or whatever) to sell at a discount.
Having lived in Canada near the US border, I would go most weekend to my place in Washington State. As long as I was there 48 hours, I can bring back all sorts of items duty free. Tariff free. People who live along the border will shop in the US, and return to Canada immediately all the time and pay the duty because it was still cheaper than buying it in Canada. They just had to endure long border lines at times.
Its funny how it seems like people are criticizing Trump for negotiating trade deals with other countries, including the use of tariffs, when there countries have been using tariffs forever themselves and no one gave a shit. If Trump does it, then they magically give a shit.Leave a comment:
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TACO
Fifteen percent is not to be underestimated but it is the best we could get,” she added of the still high rate of duties that exports from the 27 European countries will face. “Fifteen percent is certainly a challenge for some, but we should not forget it keeps access to the American market.”
She described the meeting with Trump as “very difficult because we started far apart from each other.” In the end, she said it was “good and satisfactory.”
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I'd say America was buying influence and forming alliances to exercise control.
Much like China has been doing with their belt and road initiative.
I'd also guess that the USA has plenty more deals tilted their way in this world than the handful being pointed at as bad as well.
If they really are bad or worthless deals, and what will be lost by dismantling them, is still an open question.
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why does virtually every country use tariffs?Leave a comment:
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any serious person who discusses politics knew America's leaders allowed countries to get the better of them for the longest time. Not sure exactly why but some of it definitely is greed and short term thinking. You can't blame other countries taking advantage of the US if they are allowing them too. That would be like not throwing the ball to a WR when no one is covering him.
Country A: Come here instead and build your new plant, employ thousands of our people, and then we can sell what we make right back to the US.
US company: I don't think that is right and I don't think the government will allow us to do that without a tariff, but it would make more money for shareholders.
Country A: Well, why not try?
US company: well it turns out they don't care. In fact, lots of those politicians own stock in our company, so they will make way more money if we shut down and open a new facility in your country. We're in.
Long term relationships only work if both parties are benefiting. Otherwise, its eventually gonna fail. Factories will close, wages will fall, entire industries will vanish, and debt will spiral out of control.
Trump is simply saying enough is enough. Good for him to have the courage to do it.Leave a comment:
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Quit projecting with the tariffs. The tariffs are bad for the consumers as they are the #1 cause of inflation. This is why the price of beef, coffee, orange juice, lumber, electricity and cars is through the roof with Trump.
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The President of the European Commission - who Trump made the deal with - replied that the entire goal was to resolve the imbalance with America - *precisely* what Trump said was the problem.
Damn that ignorant and economic illiterate MAGA crowd
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Just keep telling us how tariffs aren't working as you sit there calling others ignorant and economically illiterate .
JT still believes that Canada and everyone else sends USA money for tariffs.
Shocking how ignorant Trump thought Americans are to even say that. Even more stunning there were enough MAGAs that economically illiterate to actual believe it. And keep arguing how it is true even haha!
How does that TACO taste ?
You know how Trump Always Chickens Out
He’s making you look sillier by the day .
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gee you are brilliant. Great with numbers like you boasted earlier.The other disaster that Trump caused is the US dollar to Euro exchange rate. The dollar is so week right now that Euro is up 15% the last 6 months. So a Euro producer shipping $100,000 worth of wine or olive oil to the US is making 15% more due to the exchange rate when he receives the check from the US importer ($115,000) and then the US importer is paying another 15% tariff to Trump. So the importer to make up he needs to bump the price at the store by 30% just to break even but as long as sheep like JTS and Dwight can pay for it at the grocery store they make America great again!
Virtually every country on Earth uses tariffs. Trump is simply making better deals for the US and you hate that because let's face it, you rather see America fail than to see Trump succeed. You are incapable of admitting how past leaders have sold out the country while making themselves and their friends filthy rich for years now.
Watching companies leave, one after another, to another country and then selling their product back to the US consumer, while thousands of Americans lose their jobs. That's been the norm lately. All politicians ever did about it was to bitch and complain, while blaming the other party. That's all they know.
These are dumb people. Incompetent people. Its a racket. They bring in millions of people into the country and they don;t care who they are. Let em all in. We will even fly in 30,000 illegals every month and then give them $ and a plane ticket to their desired city, except to Martha's Vineyards. Cities and towns can endure the influx of people. It's their problem now. Who cares about overcrowding of school and hospitals? The government will even pay for their hotel. Wages go down. Debt goes up. Crime goes up. Chaos. Perfect. No solutions. Just more of the same each and every year.
The Pavy's of the world are used to it. They accept it. There is no magic want Obama said after all. It is what it is. They are trained to blame the other guy, and as anyone can see from your posts, its working perfectly. Most politicians aren't stupid, they are cunning, corrupt, and know how to make money off the system they help create. It's almost perfect. The cherry on top, is they convince people that their incompetence is not their fault. It's always the other guy.
But hey, they will always scrape up enough money to paint rainbows at intersections to let you know they are doing something for your vote.
So go ahead keep on hating on Trump and his administration. He's not gonna be perfect. No one is. Trump is looking years into the future while you are still pretending to be an economist.
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She never lied. You are doing what you always do, you are making shit up.
When she was asked by a Fox News interviewer about the purported Epstein client list. "It's sitting on my desk right now to review," she said. Bondi's spokesman said last week she had actually been referring to overall files in the matter.
Trump told reporters. "Whatever she thinks is credible, she should release."
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The other disaster that Trump caused is the US dollar to Euro exchange rate. The dollar is so week right now that Euro is up 15% the last 6 months. So a Euro producer shipping $100,000 worth of wine or olive oil to the US is making 15% more due to the exchange rate when he receives the check from the US importer ($115,000) and then the US importer is paying another 15% tariff to Trump. So the importer to make up he needs to bump the price at the store by 30% just to break even but as long as sheep like JTS and Dwight can pay for it at the grocery store they make America great again!
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I like the Deputy FBI director. We need to get to the bottom of the Epstein files fiasco and release the information to the public. He was the only one who stood up to Trump's personal attorney Pam Bondi when she lied that there were no files after telling everyone they were sitting on her desk. And Trump is too scared to fire him because of the backlash he will get.Leave a comment:
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Dan Bongino setting the example all decent MAGA people should follow.
FBI Deputy Director Dan Bongino vowed on Saturday to uncover the “truth” in a cryptic post on the social platform X, proclaiming that “we cannot run a Republic like this.”
Bongino said that he and FBI Director Kash Patel are committed to “stamping out public corruption and the political weaponization of both law enforcement and intelligence operations.”
“It is a priority for us. But what I have learned in the course of our properly predicated and necessary investigations into these aforementioned matters, has shocked me down to my core. We cannot run a Republic like this. I’ll never be the same after learning what I’ve learned,” the deputy director wrote.
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