I'm always given propophol for a colonoscopy. Give me all the root canals you want at that point. So what you are saying is wake me when it's over? I like that strategy.
Yeah, they really don't. I know that you saw Trump's chart and are listening to people lying for him, but it was not true. Here is a far more accurate chart:
Honestly, at this point, if I found out President Trump did this for pure entertainment value, I would be okay with it. This is gold. But in reality, I know that he did it to fix inequities in world trade.
Good point. By making us all poorer we won't be able to buy as many foreign goods and the trade imbalance will start to level out. Genius!
So you're OK with the US losing $10 trillion in the markets just on Trump's whim? Fine with people losing thousands in their retirement accounts, and this it's gold? What the actual eff? And please explain how this is going to fix trade inequities with places like McDonald Island, which is inhabited only by penguins? Or Canada, which has about 1/8 the population of the US? In order for there to be trade balance with Canada, Canadians would have to consume 8X the amount of US products that we consume Canadian! And how does this fix trade imbalances with places like Vietnam, where the average wage for a day is about what an American makes in an hour? Of course there will be trade imbalances. We have a lot more money to spend and like consuming cheaper products like sneakers made in Vietnam.
I know you pubs loath conservatism, but here's what they are saying.... https://www.cato.org/blog/trumps-tariffs-arent-reciprocal-are-massive-tax-increase-americans Despite the president’s rhetoric about “reciprocity,” the White House’s numbers immediately didn’t add up. While the US and EU don’t have a free trade agreement, there is no way the average tariff rate the EU charges the US is 39 percent. And for South Korea, who we do have a free trade agreement with, Trump’s chart claimed they are charging us a 50 percent tariff rate. In fact, many of the countries that Trump singled out for “reciprocal” tariffs score above the United States on conventional measures of trade freedom. The White House chart did say that the figures include “currency manipulation and trade barriers,” and initially it seemed there was some sophisticated formula being used to calculate the rates. Not so. As several users on X/Twitter quickly figured out, and the White House later confirmed, their “reciprocity” formula is a simple one. It’s also nonsensical from an economic standpoint. According to the White House’s calculations, Trump is claiming the “tariff” a country is charging the US is equal to the trade deficit between the countries, divided by the imports into the US (for goods only, not services). He then sets his “reciprocal” rate according to this back-of-the-envelope formula. That’s it. This supposed “reciprocal tariff” is then, for unclear reasons, divided by 2 (because Trump is a nice guy, giving them a discount?), yielding the rate that Trump says he will be applying to almost every country and political jurisdiction on earth. If the resulting number is less than 10 percent, then Trump still sets a minimum tariff rate of 10 percent. Even if the US has a trade surplus with a country, they get a 10 percent tariff. Everyone, it seems, gets at least a 10 percent tariff, but certain countries get a steeper tariff if their trade deficit with the United States is larger.
This is how they will replace immigrant labor. Lower demand (lowering the need for labor) and make more families economically need to send their 14 year olds out to work night shifts. It is genius, I tell you! We can have less stuff and work harder to get it!
Very little chance of home prices collapsing with our housing deficit. Maybe we’ll see a slight cooling in the market more than we already have but mass home loan defaults won’t happen.
Some will simply go to BRICS and cut out the US. What do they need the US for? We don't make anything, so tariffs on our goods is no big deal. This is what happens when you elect an 80 year old to lead. The global economy is drastically different than it was in the 80s and 90s, where he cut his teeth on business. It's very possible the US elected the two worst presidents in our history back to back with Biden and Trump.
He did it because he's a bully, and he's using tariffs as leverage to try to make smaller, less militaristic countries bend the knee to him. I think the rest of the world is going to surprise him, bigly. Other countries have other options regarding imports. Trump is so accustomed to the adulation lavished on him by people like you, that he fails to realize that the most of the world is anti-MAGA, and, in fact, views him as a braying ass. Being "okay with it," as a source of entertainment , is just psychopathic.
