How does the exporting country "eat" a 145% tariff? Do they pay the importer 45% of the price to import it? That some serious "eating" !!
the idea is that the chinese manufacturer will lower prices to cover some of the tariff, the US importer will lose some profit to cover some of the tariff, the retailer will eat some more of it, and the final price rise to the consumer isn't the full 145%.
That's actually accurate for most things.
Got it, but he (of course) ONLY mentioned China. And, also "of course," we're not talking fractional tariffs.....but rather over 100%. Awfully hard for the exporter to take a whole lot of sting out of that.
Markets are up today for the wrong reasons. Unemployment claims came in higher than expected, which the stock market likes because it indicates that inflationary pressures will be easing (i.e. people are broke and can't buy things). Also, AI and tech companies reported some decent numbers. Mortgage rates are falling because demand for home sales is dropping.
Ultimately, markets are betting that Trump folds on most of his tariffs before they have a big macroeconomic effect and that Trump will deliver on tax breaks and decimating pesky regulators that go after nice people who dump chemicals into the river upstream from the kids' summer camp and run crypto pump and dump schemes. And markets have basically become resigned to the reality that everyone is going to take a big haircut on profits in order to move their inventory and that will hopefully be just a temporary charge.
But if the Trump tariffs come roaring back after his 90 day pause and little movement is made in working out trade deals, then buckle up. Businesses will slash production and hike prices just to try and stay alive. There will be a very big recession and stagflation that will persist as long as Trump's tariffs are in place. We are currently living on borrowed time.
He's got only the best people around him, AND he listens, so I'm positive that everything is going to be fine.
Trump holds his people accountable. He is no- nonsense kind of guy. Something Biden and Harris never did. Heck, Karen Bass even still has her job.
I held a Top Secret clearance for a few decades. I never remember being briefed that it's bad to give the info to journalists, but spouses (and brothers?) are A-OK !!!
I believe Jethro Bodine also held a Top Secret clearance as well. He was a double knot spy.
"So 145% tariffs on China," Moran said. "And that is basically an embargo." "That's good," Trump replied. "They deserve it." "It'll raise prices on everything from electronics to clothing to building houses," Moran said. "You don't know that," Trump said. "You don't know whether or not China's going to eat it." "That's mathematics," Moran said. "China probably will eat those tariffs," Trump
China is proof that government can increase a country's money. Trump wants to sell a false narrative hoping less educated people will belive him. Trump only put tariffs on China because he knows that he is weaker than they are. He is afraid of competition
👆translation = I hate Trump
The reality is that Chinese workers are protesting in the streets over tariffs while American workers are peaceful at work.
Hate to throw a little fact finder out to you guys while you are stomping those little feet, but somebody needs to be the voice of reason here.
If US is a democracy... Why do you let rich people rule the politics? Politicians should represent the average Joe. This happens because both the Democratic and Republican party are right winged. Here, teachers have almost the same salary politicians elected to our version of the Senate. Also we don't have dept like you guys... Start learning from other countries
Trump to Oust National Security Adviser Mike Waltz The decision came after Waltz placed a reporter on a sensitive Signal chat about bombing the Houthis in Yemen
This is bullshift. Drunken Hegseths gets all gooned up one night and drunk-texts a bunch of alleged Islamical "security" information, and then they scapegoat Waltz who has done nothing except follow his edicts from Day One (1).
And if you're in the right group chat, you'll find out the time and place of our choosing a couple of hours before we even chose them.
That's an incredibly stupid (and very likely drunken) attention-hoar tweet for a defense secretary to make. Nonetheless, we should have been bombing Iran every day for the last 45 years. Iranians are scumbag enemies of America on par with Russia.
Trump is in a cage match against the Constitution he swore to protect and defend.
Today, he said this:
“They say separation between church and state … I said, ‘All right, let’s forget about that for one time,’” the president said during a Rose Garden event celebrating National Prayer Day.
This post was edited 21 seconds after it was posted.
"I don't even know why you applied for federal relief funds." F*cking hysterical watching a bunch of people married to their cousin have the day they voted for.
Tried to read about Gov. Huckabee begging for federal money on foxnews.com, but couldn't find anything.
Trump is in a cage match against the Constitution he swore to protect and defend.
Today, he said this:
“They say separation between church and state … I said, ‘All right, let’s forget about that for one time,’” the president said during a Rose Garden event celebrating National Prayer Day.
Trump has to walk on eggshells or the left will whine about how he said something (e.g. dictator for a day). Or he won't walk on eggshells and the left will whine about what he said. It's a no-win situation for him when the media is against him. So he chooses the 2nd option and doesn't have to police / self-censor his language.
"I don't even know why you applied for federal relief funds." F*cking hysterical watching a bunch of people married to their cousin have the day they voted for.
Tried to read about Gov. Huckabee begging for federal money on foxnews.com, but couldn't find anything.
Just more inveterate hypocrisy from the South. First they want to secede from the Union and kill decent Christian-Americans, but then when they need a little cash to re-build their network of trailer parks, they come running back to us asking for handouts. At what point do Americans say enough of these people and their disgusting customs?
Trump is in a cage match against the Constitution he swore to protect and defend.
Today, he said this:
“They say separation between church and state … I said, ‘All right, let’s forget about that for one time,’” the president said during a Rose Garden event celebrating National Prayer Day.
Trump has to walk on eggshells or the left will whine about how he said something (e.g. dictator for a day). Or he won't walk on eggshells and the left will whine about what he said. It's a no-win situation for him when the media is against him. So he chooses the 2nd option and doesn't have to police / self-censor his language.
with the added benefit of not having to follow all that liberal silliness of having to follow an oath of office, amirite?
This post was edited 2 minutes after it was posted.
"I don't even know why you applied for federal relief funds." F*cking hysterical watching a bunch of people married to their cousin have the day they voted for.
Tried to read about Gov. Huckabee begging for federal money on foxnews.com, but couldn't find anything.
Even better when their Governor/Beggar is a former Official Trump Liar.
And if you're in the right group chat, you'll find out the time and place of our choosing a couple of hours before we even chose them.
That's an incredibly stupid (and very likely drunken) attention-hoar tweet for a defense secretary to make. Nonetheless, we should have been bombing Iran every day for the last 45 years. Iranians are scumbag enemies of America on par with Russia.
His level of immaturity is incredible. While topping out at Major OBVIOUSLY doesn't qualify one to be SECDEF, you would think that spending a good number of years in the military and going on a few deployments would have taken a LITTLE of the immature edge off of him. But nope. Still play-acting GI Joe.
And if you're in the right group chat, you'll find out the time and place of our choosing a couple of hours before we even chose them.
That's an incredibly stupid (and very likely drunken) attention-hoar tweet for a defense secretary to make. Nonetheless, we should have been bombing Iran every day for the last 45 years. Iranians are scumbag enemies of America on par with Russia.
For decades I've wondered (seriously), "Why has Tehran NEVER (to my knowledge) seen a Tomahawk?"
