Happy Tariff Tuesday!

They took the bar!





they frequently go after Kentucky

“Kentucky has a strong trade relationship with Canada, having exported over $9.3 billion in products, including bourbon and other American whiskey products, to the northern country in 2024, according to a press release from Kentucky Gov. Andy Beshear's office.

Kentucky Distillers' Association President Eric Gregory noted that bourbon distilling is a $9 billion industry in the state and supports more than 23,000 jobs across the distilleries, tourism, hospitality, and other industries in the commonwealth, which is home to 95% of the world's bourbon.”



Kentucky bourbon to take hit? Ontario halts purchase, removes US beverages amid tariffs

 

MORONIC.

 

Man, I'm really starting to think those that said the admin insiders closed out those short positions in the late day slide today and got back in cheap were spot on.

15 minute tariffs accomplish nothing. What the hell is going on here, for real?

 

His approval rating in Canada up 12% this past reading. Trump is saving his political career. Us vs. Them is a powerful uniter.

 

Can someone explain how raising prices doesn’t raise prices?

 

Of course, Trump has asked for a looser money supply.

 

You clearly are 50% hedged shorting the market and cash to take advantage of rates…

That said I am more than normal in cash (money market). For a few reasons…

 

How Budget Deficits Grow Due to Trade Deficits | Coalition For A Prosperous America.

Plenty more out there if you bother to look.

I suspect Trump will at least touch on it tonight.

TBL: more money out from us, into other countries < more money coming in to us, than to other countries, via trade.

...and deficit spending fills the short fall.

 

That is some serious gas lighting. In the full video, his argument is China has lots of tarriffs, and they don't have inflation, so that is proof that tariffs don't cause inflation.

Well, let's do something that Trumpers never do, and apply some brain cells to that statement.

China is the country MAKING cheap stuff. So their tariffs have zero impact on them selling there own cheap stuff in their own country.

USA is an importer of cheap Chinese shit. So when Trump puts a 25% tax on their goods, We pay 25% more. They are way better insolated against tariff caused inflation than we are.

This is simple. That guy, and anyone who believes him, is either an absolute moron or a fellow gas lighter.

 

You didnt it read that I guess.

 

This…is our commerce secretary?

 

I'm guessing you assumed that tariffs reduce trade deficits.
https://www.piie.com/blogs/realtime-economics/2025/why-higher-tariffs-wont-shrink-trade-deficit

Figure 1 displays a broad measure of trade balances against average tariff rates for 137 countries.[2] The data are averages over the 20 years ending in 2022, the most recent year for which tariff data are available. The United States is the gold dot below the blue fitted regression line with an average tariff rate of around 3 percent. Note that a larger negative balance is a larger trade deficit. The negative correlation in figure 1 likely arises from the effect of a country’s stage of development on both its tariff rate and its trade balance. The slope of the blue line is -0.45 and is statistically significant at the 1 percent level.[3],[4] This implies that a 1 percentage point increase in the average tariff is associated with a 0.45 percent of GDP decline in the trade balance. In other words, tariffs are associated with increasing trade deficits. Similar results are obtained using effective tariff rates, which weight tariffs for each category of imports by the value of imports in that category.[5]

 

If you only knew knew lol.

We are blessed to pay our employees above the norm. Expectation expected. But they get hurt far worse by the ridiculous wage inflation caused by the liberal minimum wage nonsense.

This issue is clearly beyond you right now. Hopefully you will back up and stop with the my team nonsense.

 

What does wage inflation have to do with anything? You are talking nonsense. Why don't you answer the question. How does Trump's new 25% tax on many good (70% of Walmart's non-food merchandise, for example) not cause price increases? Just answer that question. Nobody asked you if your employees don't like to see other workers earning better livings. I'm not even sure you'd bring that up.

 

Fun fact esp if you consider stupid to be fun.

If I go to Guatemala & have hacky sacks made for 5 cents & I sell them for $5 in the US, I have contributed to the US's trade deficit with Guatemala despite the fact that I've created & captured in the US, 99% of the surplus.

But wait, it gets better. If I sell these hacky sacks for $5 in Canada, it contributes $0 to our trade surplus &, amazingly, adds to the US trade deficit.
When apple sells an iphone in Germany at a huge gross margin, it adds to our trade deficit with China!!!!

The trade deficit as measured is garbage.

 

It has nothing to do with the post he was responding to. He just likes talking about himself. And his kids. And his wife's business. And his amazing stock trades.

 

My shocked face.

Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says

 

People w the attention span of a gnat rarely read past the headline.