RobDownSouth
No Kings
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FYP, YW
Tariffs announced on Canada, China, & Mexico goods
- Thread starter RoryN
- Start date
MajorRewrite
Iffy
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Treasury Secretary Bessent says to not expect trade deals within 90 days
Translation: He’s a Trumpian suck up who spouts buzzwords but doesn’t know what the fuck is going on in the Clown Show Administration.
Translation: He’s a Trumpian suck up who spouts buzzwords but doesn’t know what the fuck is going on in the Clown Show Administration.
ll74
Your Best Friend
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tomorrow dear leader will create trade deals with every country in the universe and the usa will flourish and every child will receive a new iphone.Treasury Secretary Bessent says to not expect trade deals within 90 days
Translation: He’s a Trumpian suck up who spouts buzzwords but doesn’t know what the fuck is going on in the Clown Show Administration.
Also, all original American NHL hockey teams will win the stanley cup and all Canadian teams will be demoted to the UFC
MajorRewrite
Iffy
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I wish nobody was dumb enough to believe this, but I’m sure there are MAGA sheep who are dumb enough.
- Trump tariffs are a massive new tax on you, the American consumer
- Tariff revenue will not be enough to make more income tax cuts
- Projected tariff revenue doesn’t even come close to offsetting the cost of extending the previous tax cuts for the rich
- The Republican budget proposal and Trump’s random rants point toward more record-setting deficits (Donnie is the King of Deficits)
- High tariffs may create “winners” in select industries, but the overall economy will shrink. That is always the impact of protectionist tariffs.
ChloeTzang
Literotica Guru
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https://www.explainxkcd.com/wiki/images/0/04/wake_up_sheeple.png
Title text: You will be led to judgement like lambs to the slaughter--a simile whose existence, I might add, will not do your species any favors.
Rotadom
Satan's Plaything
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Thank you for your attention to this matter!But it sounded tough, right???
We. Told. Them. So.
ChloeTzang
Literotica Guru
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35% drop in cargo ships from China headig for the West Coast....
RobDownSouth
No Kings
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Microsoft announced that all Xbox units will be subjected to an $80 Trump Tariff surcharge effective today.
MajorRewrite
Iffy
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Trump’s new tax on American consumers brought in about $8 billion in April
Tariffs were $9 billion in March and $17 billion in April, so Trump’s new tariff impact was about $8 billion.
Don’t get overly excited by the revenue inflow because for April it is less than 1/4 of the interest on the national debt in one month.
It will be interesting to see how tariff revenue changes month to month. Declining imports will tend to reduce it, as will the ongoing negotiations with other nations to cut tariffs. Or maybe consumers will continue to buy foreign products regardless. Nobody knows yet.
Tariffs were $9 billion in March and $17 billion in April, so Trump’s new tariff impact was about $8 billion.
Don’t get overly excited by the revenue inflow because for April it is less than 1/4 of the interest on the national debt in one month.
It will be interesting to see how tariff revenue changes month to month. Declining imports will tend to reduce it, as will the ongoing negotiations with other nations to cut tariffs. Or maybe consumers will continue to buy foreign products regardless. Nobody knows yet.
DeluxAuto
AntiSocial Extrovert
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To no one's surprise...
The first boats carrying Chinese goods with 145% tariffs are arriving in LA. They’re half-full. Expect shortages soon
That means, in a matter of weeks, consumers will face higher prices and shortages of certain items.
Imports from China have fallen dramatically since Trump imposed steep tariffs – particularly since last month, when the tit-for-tat trade war sent the tariff on most Chinese goods up to 145%.
“This week, we’re down about 35% compared to the same time last year, and these cargo ships coming in are the first ones to be attached to the tariffs that were levied against China and other locations last month,” Gene Seroka, executive director of the Port of Los Angeles, told CNN Tuesday. “That’s why the cargo volume is so light.”
The first boats carrying Chinese goods with 145% tariffs are arriving in LA. They’re half-full. Expect shortages soon
That means, in a matter of weeks, consumers will face higher prices and shortages of certain items.
Imports from China have fallen dramatically since Trump imposed steep tariffs – particularly since last month, when the tit-for-tat trade war sent the tariff on most Chinese goods up to 145%.
“This week, we’re down about 35% compared to the same time last year, and these cargo ships coming in are the first ones to be attached to the tariffs that were levied against China and other locations last month,” Gene Seroka, executive director of the Port of Los Angeles, told CNN Tuesday. “That’s why the cargo volume is so light.”
butters
High on a Hill
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Carney tells trump 'Never, never, never,' that 'Canada's not for sale'
trump had tried to persuade him that Canada would be so much better off as a part of America; Carney told him Canada wasn't for sale; trump said 'never say never." So Carney look into the cameras and said it 3 times.
During the same meeting with Carney, trump suddenly announced that the houthis had told him they didn't want to fight anymore and that trump believed them and that's what mattered... leaving Israel gobsmacked
https://www.wsj.com/world/americas/canada-mark-carney-trump-visit-d88f4c0c?mod=RSSMSN
https://www.msn.com/en-xl/news/othe...the-cuff-remark/ar-AA1Ehjsu?ocid=BingNewsSerp
trump had tried to persuade him that Canada would be so much better off as a part of America; Carney told him Canada wasn't for sale; trump said 'never say never." So Carney look into the cameras and said it 3 times.
During the same meeting with Carney, trump suddenly announced that the houthis had told him they didn't want to fight anymore and that trump believed them and that's what mattered... leaving Israel gobsmacked
https://www.wsj.com/world/americas/canada-mark-carney-trump-visit-d88f4c0c?mod=RSSMSN
https://www.msn.com/en-xl/news/othe...the-cuff-remark/ar-AA1Ehjsu?ocid=BingNewsSerp
Yeah, I hadn’t seen the Israeli reaction, but I had been hearing grumblings about there being no mention of Israel in the Houthi or Trump announcements.
It sure sounds like DonOld is content with the shipping lanes being open, and with Israel alone contending with the new reality as the U.S. disengages from the region. This could get very interesting very quickly…
We. Told. Them. So.
ChloeTzang
Literotica Guru
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Yeah, I hadn’t seen the Israeli reaction, but I had been hearing grumblings about there being no mention of Israel in the Houthi or Trump announcements.
It sure sounds like DonOld is content with the shipping lanes being open, and with Israel alone contending with the new reality as the U.S. disengages from the region. This could get very interesting very quickly…
We. Told. Them. So.
Another less on for the USA's former allies. The USA ain't gonna support you no more, no more, no more.....
The world is quickly becoming less stable.
And to the everlasting shame of the United States (DonOld’s administration).
It’s even MOAR shameful because the United States is the ONLY country in NATO that EVER invoked Article 5 (G.W. Bush’s administration).
An utter betrayal of everything the United States is supposed to represent. Not surprising from “DonOld the betrayer”.
We. Told. Them. So.
DeluxAuto
AntiSocial Extrovert
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MajorRewrite
Iffy
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DeluxAuto
AntiSocial Extrovert
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He's either lying, ignorant or both.Fortunately Carney corrected Trump on the spot. I’m sure Donnie liked that.
butters
High on a Hill
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republican ceo placing new tariff stickers on his price tags, helping customers understand why there's a $300 price difference on the same bike from one rack to the one next to it—says it has been a problem for his staff to explain to confused customers. The price difference reflects the added 10% tariff costs now in place.
https://www.msn.com/en-us/money/sma...1&cvid=c387c035855549b3ad96aba6b5e6e500&ei=79
https://www.msn.com/en-us/money/sma...1&cvid=c387c035855549b3ad96aba6b5e6e500&ei=79
The Trump Admin went ballistic when Amazon even hinted at displaying the tariff as an element of an item's price. Amazon backed down.
MajorRewrite
Iffy
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I guess Trump was only pretending to want super high tariffs to shield US manufacturing from Chinese competition.
China and US agree 90-day pause to trade war initiated by Donald Trump
A 30% tax on American consumers remains. If this is “wInNiNg”, I’d hate to see losing.
China and US agree 90-day pause to trade war initiated by Donald Trump
A 30% tax on American consumers remains. If this is “wInNiNg”, I’d hate to see losing.
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