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From a Guardian live feed:
Most of the reaction to these tariffs are by people who seem to assume they’re going to happen. I remember though the ones he imposed on Canada and Mexico on a Friday, then dropped the following Monday, after phone calls with leaders.
Isn’t it likely the same thing or something similar will happen again? Market manipulation is about making money. Who cashed in after that weekend? Who might today or tomorrow?
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I think it’s simpler than that. He wants other countries to kiss his ring. This is about dominance. Pure and simple. “They submitted to my demands because I am the king of the world!” sort of thing.
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He is a simpleton, but I don’t think he’s that one dimensional. He probably wishes also that HE could be The Richest Man in the World. So, any chance to make miliions or billions for himself and his fam is apparently one he’ll take.
I don’t know which is more to the fore – the desrire to dominate and be kowtowed to or the desire for more wealth – but I do think they both exist in him.
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Could someone who’s more familiar with economics explain the US number to me? If you’re taxing everything at 25%, how is inflation only up 5.5%?
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Imports are about 15% of the U.S. economy. According to google.
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It’s down 1500 now. There will be a dead cat bounce soon, someone will think they can get rich on the undervalued stocks, but this is really bad.
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I’m surprised it’s that low, considering how hard it can be, for instance, to find something not made in China.
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It’s probably even simpler than that. T**** was probably just salty that Arias won the prize T**** covets, and somehow thinks he’s earned.
Also, regarding trade deficits: what the calculus also fails to mention is that very, very few of those trade goods are sold directly in the US. Imports benefit our economy by employing millions of people in brokering, remanufacturing, logistics, distribution, and sales. When someone buys a TV manufactured in Taiwan, they aren’t buying it from the factory; it gets imported (brokers, logistics); distributed; warehoused; then sold by some US company. That’s all money in the US economy. That’s people’s jobs.
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Given all the overt flaws visible on that chart of “liberation day” reciprocal tariffs (non-countries, uninhabited islands, tariffs calculated from non-tariff data, referring to Taiwan as a “country” which is a political no-no…) it’s also noticed that one country was notably missing from this revenge-a-thon. Yep, you guessed it, agent Krasnov strikes again
Guess What Country Trump Left Off His List of Tariffs
GONE MISSING
Updated 04.02.25 10:20PM EDT / Published 04.02.25 10:18PM EDT
President Donald Trump held up a massive board on Wednesday that listed new tariffs he was imposing on each country—but a big one was noticeably absent. Eagle-eyed social media users were quick to point out that Russia was not part of about 60 countries the Trump administration deemed the “worst offenders” in trade policy, along with Canada and Mexico. …
(vaguely wonder how long the stephen miller staffer spent over their excel spreadsheet before hitting ‘print’ on that mess)
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