OFFICIAL LRC President Donald Trump SECOND TERM Thread

I already said:
Manufacturers, distributors, and retailers.

They each have a margin, and each can absorb some of the tariff at least temporarily, just like BMW has already stated they are doing with their 2 series and 3 series cars made in Mexico.

There is a third possibility. Perhaps he did not take the class at all.

How is this different than any other tax?

When a state institutes a sales tax do you say, "Well, it's not really a tax on me. The market will absorb it"?

Trump tariffed every country in the world except Russia and North Korea. Historic allies like the France, Canada and Australia got tariffs, but not his buddy Putin.

Trump even tariffed a bunch of things that aren’t countries, like the British Indian Ocean Territory, which has no civilians living there. It is inhabited primarily by US soldiers, and some British soldiers. No tariffs for Russia and North Korea though.

Lawrence H. Summers
@LHSummers
Never before has an hour of Presidential rhetoric cost so many people so much. Markets continue to move after my previous tweet. The best estimate of the loss from tariff policy is now is closer to $30 trillion.

Is $30 trillion a lot of money? Anyone know? Let's say we build a bunch of t-shirt factories and timber mills. That'll build how much economic value? Close to that?

You absolute idiots.

Your post reminded me of something. Where is the unedited Epstein client list and associated documents? Trump & Bondi said they would make it a priority to make all of this information public. Kash and the FBI handed over all the documents weeks ago? Why has the unedited information been released to the public? Anyone know what is causing the delay?

The US doesn't trade with North Korea and Russia is sanctioned so heavily tariffs would be pointless.

Your buddy and economic mentor Joy Behar has been lying to you.

Did I miss the part where middle class income taxes were lowered with the tariff increases?

Did I also miss the part where fraud was clearly identified and removed? Or was it just a hack job with no plan that has already been revised multiple times?

Like all Trump plans, tariffs are "a concept of a plan" where he acts first and sees what the consequences are (already identified by economists) later. Then he changes course.

This means companies are and will react slowly to make business changes. So the desired effect of onshoring will be slow or possibly never happen as they wait for Trump to change his mind or leave office or die.

You’re either dumb or lying. us imported 3 billion in goods in 2024, weeks exported 2024 with Russia.

next time do a cursory research before spouting bs

Heard and McDonald Islands are uninhabited and were tariffed on the list.

Wait, my fries from McDonalds are going to get taxed!

And while he is finding out the consequences of his "concept of a plan", Americans will be experiencing massive inflation and entering a recession due to the tariffs. He'll also be telling us nobody needs "groceries" and what a strange word that is.

I didn't say they didn't trade with Russia I said they were so heavily sanctioned already tariffs would be pointless.

You're excited about 3 billion because you have no idea we were importing over $30 billion before the war.

Yet he tariffs uninhabited islands in the middle of the Ocean

They're not uninhabited we have trade with them....

What trump does is the complete opposite of capitalism. He weakens the free market between countries, with tariffs he removes the ability for the strongest, smartest and most talented people to make money. Few people get anything positive from it. It is positive for people like musk who no longer have to compete with other car brands as the others will get more expensive due to tariff.

Now we see that China is starting to cooperate with Japan and South Korea- something wrong have never seen before. Asia will get stronger than ever while US weakens itself. Chips etc will be so expensive for US that they will lag behind in technology. I don't understand why trumpists want their country to be weak and ineffective

Oh what, you're some distinguished Biblical scholar now? You going to lecture us all about what god wants now? Some real irony and hypocrisy with you preaching non-judgment when you're in here every day lying, trash talking, sewer shute, monkey muff bashing people all day long just because they disagree with you. "Be careful not to practice your righteousness in front of others to be seen by them. If you do, you will have no reward from your Father in heaven." Mathew 6:1 (Synod). You blew your chance, man. Everyone who knows you can see it.

How many people do you think inhabit Heard and McDonald islands?

I'll make it real easy for you, it's greater than -1 and lower than 1.

They've probably been visited by less than 50 Australian scientists over the past 20 years.

He's tarrifed the Heard and McDonald Islands, but not Russia.

Gee I wonder why that might be? 🤔