joekar1990 @ joekar1990 @lemmy.world

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168

Joined

2 yr. ago

It's the same thing that happened with the last tax bill. Push dates out for the goldfish memory of most Americans to forget and then blame the opposition knowing you can block them trying to change it.

This isn’t really a story since they literally filed paperwork they were selling ahead of time like they are obligated to do.

Same thing with the UK deal…it’s just a framework but nothing is signed or agreed upon.

Scott Bessent also has a Husband so kinda curious how he would feel if trump ever rotated to him to throw him under the bus.

Ah man you are right. Rookie move on my part.

You left off Iran, Yemen, Gaza and Syria.

The author keys into some points critically important that most don't think about. America imports more manufactured goods and raw materials than it exports. As the administration has endlessly gone on about. However, it exports more ‘services’ than any country in the world. I think Trump and Lutnick simply are assuming that won't change or come under discussion. Most of these American ‘services’ exports are heavily advantaged in favour of American exporters to the UK and the EU. That’s because these ‘services’ are effectively not taxed, nor regulated. (With a few notable exceptions.) That’s because, in the EU particularly, there has historically been a deference to America—for implied military defense against Russian attack. The Oval office meeting w Zelensky, together with ignoring Denmark re: Greenland, and Canadian 51st state rhetoric has however finally started breaking the wall. Thereby freeing the UK and Europe to trend towards now taxing and regulating such American ‘services’. That will allow UK and EU competing ‘services’ to flourish. Because, essentially, the anti-circumvention laws, besides making certain American billionaires ridiculously rich, mainly serve to inhibit innovation.

They want to make an example of her to show how far they will go to get others to fall in line.

he’d declare “total victory” if import taxes were as high as 50% a year from now

“The country will be making a fortune,” Trump told Time, claiming businesses will reshore production to the United States, adding jobs and investment — a theory debunked by a large number of businesses and economists. “Oh, zero would be easy, but zero, you wouldn’t have any companies coming in. They’re coming in because they don’t want to pay the tariffs.”

That plan faces extreme challenges, including training American workers who have been hesitant to take factory jobs (the United States has nearly half a million open factory jobs it can’t fill, according to the Department of Labor’s latest job openings report). Also, tariffs themselves have made factory construction significantly more expensive. And even if businesses wanted to reshore production, that process can take years.

We live in the dumbest fucking timeline. He's been obsessed with tariffs since the 80s and doesn't understand the nuance you need to use them as an actual tool.

Feels like a cozying up to trump looking for a tariff exemption by doing this too, right?

Because he's cheap and didn't wanna spend the money. It's why the interior is so plain for the amount of money you spend.

Except it's Trump. He will never step down. He can't admit he's wrong on anything otherwise it'll break his macho man persona of never being wrong and it's not his fault.

You are in luck! Kevin O'Leary is in his ear about going to 400%...

https://www.marketwatch.com/story/heres-how-high-mr-wonderful-wants-u-s-tariffs-on-china-to-be-af9cf27b

Update he indeed doesn't know

Yeah but the difference is Trump has the magnetism and Vance doesn't? Usually when a cult leader dies the whole cult kinda fizzles out.

It's all ragebaiting and clicks now.

Looking like complete escalation since china won't bend the knee to him

https://www.bloomberg.com/news/articles/2025-04-07/trump-threatens-additional-50-china-tariff-over-retaliation

Nah trump will claim everyone was there for him and there wasn't a protest.

The base is fully bought in on the crazy idea Trump tanks the market so he can refi the debt and save billions in interest and also the fed will be forced to drop interest rates. It's crazy though bc the impact of that will be catastrophic. The reason the US is so strong economically is because the dollar is the reserve currency of the world. You lose that power then it's harder to bounce back if at all.

I've seen a new talking point popping up that he's crashing the market on purpose to refi US debt and force the fed to drop interest rates...