Chinese will not be replacing trade with the US with trade from other countries.
So the recession might be global in nature. Problems in China were not being addressed by trade with the US. So less trade will agravate their internal problems as well. China will suffer worse. But at least they will have beans
Project 2025’s goals are to destroy the economy and the government, among other goals, thereby causing poverty, sickness, and death. 47 is their incompetent puppet, surrounded by incompetent sub-puppets.
It sounds as if he’s afraid republican owned polls will be arrested for election fraud, for the polls that were actually fraudulent before the election, and helped to make the actual hack of the election seem believable. It’s pretty funny that he would accuse post election polls of election fraud. It must be his guilty conscience. Again. He’s so guilty!
You mean the idea of Trump trying to take over Canada. I agree. It is a bullshit idea if there ever was one.
Dumbest thing I've ever heard any president say; but, hey, let's double down on that and take Greenland, too! Make it clean sweep of the northern frontier. After all we are so great and so envied by the whole world that we DESERVE to have those lands and master them. They should be happy to bow to Trump, and kiss the sovereign's ring.
Or do you just mean that it is bullshit that the ports will be empty and then the shelves? Well, it won't take long to find out now.
You have no idea what’s coming. Greenland is happening. 2 provinces in Canada WANT to become part of USA. Not a state.
Greenland is a geopolitical issue. USA has had military there since world war 2. It’s about muting China and Russia. .. you wear the stupidity very well ..
“Trump is losing nearly all the trade wars he started.” Not surprising, since the U.S. has lost every war we’ve started since WWII. Vietnam, the Korean War, Iraq, Afghanistan — an unbroken record of losses since 1945.
Yesterday I went on my AliExpress (China’s equivalent to Amazon) app to see how prices have changed for some of the electronic items I’ve bought over the last couple of years. So far, prices are not spiking, but I see most sellers now say “Ships from a U.S. warehouse.” For example, a 24V 100AH LiFePO4 lithium battery that costs over $400 on Amazon is still a bit under $300, including shipping, from Chinese sellers that had the foresight to transfer their wares to a U.S. warehouse ahead of time. This will not last, of course, because once the stock is gone, it’s gone. But Amazon’s stock of those batteries will be gone by then, too, since they also buy them from China. Your analogy to the bare shelves of the old Soviet Union is spot on.
So, the goal it to reduce the income taxes on the middle class and poor by hitting them with a national sales tax on everything they buy that is even steeper than their old income-tax rate?
OK, I was speaking a little tongue-in-cheek by saying "everything," but not much. I've read in more than one place about 60-70% of everything on our shelves comes from China. Then you have to add in all the other nations that we import from. Then add in all the products that have foreign parts that will see a portion of their costs go up, so some adjustment. Once you've done all that, maybe 20% remains if your lucky that will not be impacted by these enormously broad tariffs.
That’s the scam sales pitch by the administration to try to justify Trump’s Big Beautiful Tax Cuts which will primarily benefit the wealthy. Notice that there was a brief flurry of discussion from the administration about not renewing tax cuts for millionaires. Trump just shot that down. Word is that they’ve done the same for repealing the carried interest exemption which benefits wealthy hedge fund operatives.
There was no way the tariff taxes (which are ultimately primarily paid by the less well off consumers) would ever offset the loss of revenue we’d experience from the planned tax cuts.
For sure, and it's kind of hard for those tariff taxes to even be collected when you keep taking them off as quickly as you put them on because of the damage they are doing to the entire economy. Also hard to make revenue off of them if you are truly using them to negotiate better trade deals since that means they end as soon as a better deal is reached. So, it's all nonsense. Just a heap of sales pitches that contradict each other.
"We're going to apply extraordinarily high tariffs so we can lower taxes on the middle class and poor so that we can raise taxes even more as a tax on everything they buy--a tax that gets marked up for profit by retailers who apply their profit margins to the total cost they paid with tariffs. We're going use tariffs to get better trade deals and then we'll eliminate them, but revenue will still rise because of the tariffs."
The amazing thing is that people keep believing these obviously nonsensical contradictions.
Chinese will not be replacing trade with the US with trade from other countries.
So the recession might be global in nature. Problems in China were not being addressed by trade with the US. So less trade will agravate their internal problems as well. China will suffer worse. But at least they will have beans
Project 2025’s goals are to destroy the economy and the government, among other goals, thereby causing poverty, sickness, and death. 47 is their incompetent puppet, surrounded by incompetent sub-puppets.
It sounds as if he’s afraid republican owned polls will be arrested for election fraud, for the polls that were actually fraudulent before the election, and helped to make the actual hack of the election seem believable. It’s pretty funny that he would accuse post election polls of election fraud. It must be his guilty conscience. Again. He’s so guilty!
Bullshit
You mean the idea of Trump trying to take over Canada. I agree. It is a bullshit idea if there ever was one.
Dumbest thing I've ever heard any president say; but, hey, let's double down on that and take Greenland, too! Make it clean sweep of the northern frontier. After all we are so great and so envied by the whole world that we DESERVE to have those lands and master them. They should be happy to bow to Trump, and kiss the sovereign's ring.
Or do you just mean that it is bullshit that the ports will be empty and then the shelves? Well, it won't take long to find out now.
You have no idea what’s coming. Greenland is happening. 2 provinces in Canada WANT to become part of USA. Not a state.
Greenland is a geopolitical issue. USA has had military there since world war 2. It’s about muting China and Russia. .. you wear the stupidity very well ..
“Trump is losing nearly all the trade wars he started.” Not surprising, since the U.S. has lost every war we’ve started since WWII. Vietnam, the Korean War, Iraq, Afghanistan — an unbroken record of losses since 1945.
Yesterday I went on my AliExpress (China’s equivalent to Amazon) app to see how prices have changed for some of the electronic items I’ve bought over the last couple of years. So far, prices are not spiking, but I see most sellers now say “Ships from a U.S. warehouse.” For example, a 24V 100AH LiFePO4 lithium battery that costs over $400 on Amazon is still a bit under $300, including shipping, from Chinese sellers that had the foresight to transfer their wares to a U.S. warehouse ahead of time. This will not last, of course, because once the stock is gone, it’s gone. But Amazon’s stock of those batteries will be gone by then, too, since they also buy them from China. Your analogy to the bare shelves of the old Soviet Union is spot on.
The tariffs are to reduce US income taxes for those with less than 200 thousand dollar income and to return manufacturing to the USA.
So, the goal it to reduce the income taxes on the middle class and poor by hitting them with a national sales tax on everything they buy that is even steeper than their old income-tax rate?
Not EVERYTHING, David-only those items being imported. Don't be disingenuous, to use a favorite euphemism for "lie"...
OK, I was speaking a little tongue-in-cheek by saying "everything," but not much. I've read in more than one place about 60-70% of everything on our shelves comes from China. Then you have to add in all the other nations that we import from. Then add in all the products that have foreign parts that will see a portion of their costs go up, so some adjustment. Once you've done all that, maybe 20% remains if your lucky that will not be impacted by these enormously broad tariffs.
Taxes on corporations are passed to consumers. Why aren’t people concerned about that?
China just announced they would drop their 125% tariff on Ethylene.
It’s Trump’s version of, “If you like your doctor, you can keep your doctor.” — PolitiFact’s Lie of the Year in 2013.
That’s the scam sales pitch by the administration to try to justify Trump’s Big Beautiful Tax Cuts which will primarily benefit the wealthy. Notice that there was a brief flurry of discussion from the administration about not renewing tax cuts for millionaires. Trump just shot that down. Word is that they’ve done the same for repealing the carried interest exemption which benefits wealthy hedge fund operatives.
There was no way the tariff taxes (which are ultimately primarily paid by the less well off consumers) would ever offset the loss of revenue we’d experience from the planned tax cuts.
For sure, and it's kind of hard for those tariff taxes to even be collected when you keep taking them off as quickly as you put them on because of the damage they are doing to the entire economy. Also hard to make revenue off of them if you are truly using them to negotiate better trade deals since that means they end as soon as a better deal is reached. So, it's all nonsense. Just a heap of sales pitches that contradict each other.
"We're going to apply extraordinarily high tariffs so we can lower taxes on the middle class and poor so that we can raise taxes even more as a tax on everything they buy--a tax that gets marked up for profit by retailers who apply their profit margins to the total cost they paid with tariffs. We're going use tariffs to get better trade deals and then we'll eliminate them, but revenue will still rise because of the tariffs."
The amazing thing is that people keep believing these obviously nonsensical contradictions.
Unfortunately thats the scam sales pitch for controlled demolition of the US economy