Watching the absolute meltdown people are having is really something. Those who didn’t support Trump to begin with are the loudest. But the center right is up there as well.
I would just say this. I wouldn’t bet against Trump. I don’t know whether or not this tariff strategy will work, but I’d give it better than 50-50 odds. He’s trying to reset the playing field and get countries to renegotiate. If you will look at what he’s doing compared to his past behavior, it’s exactly what he always does. He takes a maximalist position, then is happy when he gets some of what he wants. There was no way to do this on trade without short-term pain. We’re certainly seeing that now.
There is a bigger picture here. It involves lower energy prices, reduced fraud and waste, and lower interest rates. One of the ways of achieving that is to force money into US treasuries, which is exactly what is happening right now. One problem Trump faced upon ansduming office is the stock market was overvalued from a P/E perspective. It was due for a correction. I have to wonder if they just decided to take the bath now.
So we’ll see what happens, as the orange man likes to say. Contrary to popular belief, he doesn’t have a bunch of idiots around him and isn’t just doing these things willy-nilly. Hopefully, they work.
You can tell it's a cult because they just make things up to rationalize what is happening. This is just incredibly detached from reality, Trump has said the tariffs are here to stay and aren't part of a negotiating strategy but here we have a cult member insisting that is what they are. But yeah... I guess making things up is just to reassure us how well things are planned? What a bunch of clowns.
The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.
Not an option, according to the Constitution.
Article I, Section 8 of the U.S. Constitution explicitly says, “The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, … but all Duties, Imposts and Excises shall be uniform throughout the United States.”
I strongly recommend reading the U.S. Constitution. Frequently. You can't preserve, protect, or defend, something you don't know.
So does that mean Congress has the ultimate authority and not the president? If so, they better get to work…..
The three batches of government are equal, none of them have ultimate authority. Unfortunately congress has abdicated its power and is letting the executive branch do what it wants with no oversight.
I don’t know whether or not this tariff strategy will work, but I’d give it better than 50-50 odds.
Why? Why would you do that? His first term he tried the same thing albeit on a smaller scale and the US lost, badly. He started a trade war with China and China won, big time, they came out vastly stronger on the world stage than at the start. Now he’s doubling down on trying to tariff his way to prosperity. What’s that old line about insanity being trying the same failed strategy over and over and expecting the same result.
What on earth would make you think someone who has gone bankrupt as many times as Trump would have a clue about international trade? Why would you trust the judgement of someone with no macroeconomic training or experience, who when given a chance the first time failed by any and every measure. Why would you believe in him to do better this time with the same failed policies he failed with the first time?
In fairness to all the hillbillies who voted for Trump, America has tried smart presidents—Obama, they’ve tried average intelligence Presidents—Reagan, they’ve even tried dumb presidents—Bush Jr., yet things have continued to get worse for the middle classes. So, you might as well try a complete f*cking imbecile. Who knows? You might get lucky this time.
“ According to CNN, the 54% tariff that China has responded to, was made by dividing a given country's trade deficit by its exports to the US. Then the resulting figure was divided in half.”
Now that’s just criminally stupid.
"a poor man's idea of a rich man, a weak man's idea of a strong man, and a stupid man's idea of a smart man."
The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.
Not an option, according to the Constitution.
Article I, Section 8 of the U.S. Constitution explicitly says, “The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, … but all Duties, Imposts and Excises shall be uniform throughout the United States.”
I strongly recommend reading the U.S. Constitution. Frequently. You can't preserve, protect, or defend, something you don't know.
So does that mean Congress has the ultimate authority and not the president? If so, they better get to work…..
I could not agree more. It is impossible for any one individual to attain immense levels of power without an army of enablers propping them up.
The problem is the congress and senate are both filled with feckless cowards. All they have to do to get elected or re-elected is to show unwavering loyalty to the boss. They don’t even have to run on their record of accomplishments because a lot of them haven’t had any accomplishments that qualify them to keep or assume the job. As freakish as it sounds, members of congress and the senate actually have services they are supposed to be providing to the country, as in the whole country, not solely their party or themselves.
The situation doesn’t change once they are in office. Some members of congress do not perform any service at all to their electorate because their supporters also tow the party line and grade their congresspeople based on their loyalty as well.
In the age of 24x7x365 media, pseudo media, and propaganda outlets the only thing that matters is the show. It’s a performance where they each have a role, but very little of value actually gets done. It’s the professional civil service workers who actually do the real work, for example collecting taxes from the non elite citizens, but they’re now being mowed down like crop of wheat so loyalists can be put in place who no longer have to be servants of the people, but servants to one man.
You have to remember that a substantial amount of the constitution was created with good intentions with a certain expectation that subscribers to it would stay true to its intentions through common sense and laws of the land. But there were parts of it that were pure evil and put in to appease the desires of the elites of the time they needed to be on board, nasty bits and all. Fortunately most of the evil and bad elements and some obvious holes have been weeded out through amendments, but there are still areas of vagueness that can be exploited by those with bad intentions and there are areas that some people and institutions choose to blatantly ignore.
The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.
I question that. States Rights are one thing, but international trade, including treaties and tariffs are federal jurisdiction. I question if Cal can just go their own way, refuse to take part and negotiate their own agreements. That would be a Constitutional Law question, but it’s my impression that won’t stand scrutiny.
Good points, but Trump is doing exactly the same thing violating lots of laws in his government cutbacks. So why shouldn’t the California government go ahead and do what it wants here? Maybe if everyone is a scofflaw, it will be time to enforce all the laws again.
The Russian asset in the Oval Office has an established mechanism for bribing him to reduce any tariffs of interest to you: his $TRUMP cryptocurrency that already made him billions of dollars just before inauguration. Attorney General Pam Bondi made sure your nefarious act won't be discovered, as within hours of being sworn into office, she cancelled federal investigative programs into foreign corruption and unregistered foreign agents.
"And, those same advisors came up with the faulty formula that the president applied, that has nothing to do with tariffs applied by countries importing US goods.
According to CNN, the 54% tariff that China has responded to, was made by dividing a given country's trade deficit by its exports to the US. Then the resulting figure was divided in half."
This should not go by without being noticed. The Trump administration claims the tariffs are "reciprocal," but since reciprocal tariffs would require complex, nuanced and detailed calculations, they instead chose a simple, unrelated formula they pulled out of their proverbial a$$ so they could quickly make up some numbers to use for their tariffs. It's important to understand that these are not brilliant stratagists playing three-dimensional chess to steer the ship of state, but morons falling all over themselves to implement whatever the Big Guy wants. "Signal gate" from last week further demonstrated this. These are all the proverbial D-students who put more effort into figuring out how to cheat on tests in high school than they ever did in trying to actually pass them. I mean, think about it. If they hadn't cheated, they wouldn't have even been D-students.
So Apple's stock price, your 401(k), and the price of just about everything are all being screwed up because the Big Guy wants to create chaos with tariffs, and the people he hired can't be bothered to find someone who can figure the math to actually do the thing that they claim they're doing. They are (to use another high-school metaphor because it seems so on-the-nose) "fixing" international trade by setting off cherry bombs in the boys' bathroom toilets.
So it’s ok that the US pays high tariffs for imports but when trying to even the playing field, it’s not alright for the US to raise our tariffs? Yet, it’s ok when the left raises tariffs but when the right does it, it’s not ok?
China and other countries will get tired of paying our tariffs at some point and will negotiate with Trump.
... and it's just the beginning. I would probably also be hidding on my golf course
Trump spent about 21% of his first term playing golf, with each of his golfing trips costing the taxpayer millions of dollars. He did so, and continues to do so in his second term at a similar rate, all while having lambasted Obama and Biden for ever going anywhere (even though they did so far less), and sacking thousands of government workers in the name of government efficiency or for not pledging blind loyalty to him. His hypocrisy is unfathomable, yet millions of Americans refuse to see it, believe it, or care.
He won’t fix the drug epidemic either, because that would involve fixing poverty, disadvantage, declining living standards and increasing inequality, none of which he has any interest in doing. His only concern is his own wealth, power and ego, and that of his nearest enabling henchmen (and women).
The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.
Not an option, according to the Constitution.
Article I, Section 8 of the U.S. Constitution explicitly says, “The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, … but all Duties, Imposts and Excises shall be uniform throughout the United States.”
I strongly recommend reading the U.S. Constitution. Frequently. You can't preserve, protect, or defend, something you don't know.
LOL...are you aware of the infamous Smoot-Hawley Tariff Act? That was a bill that passed Congress and was signed by Hoover. Notice that it's CONGRESS that is levying the tariffs and not Herbert Hoover. Which means Trump doesn't have the power to levy tariffs under the Constitution either. The current administration is trying to claim that the national debt has created a national emergency that gives him the power to do it himself. But that is obvious b.s. considering Trump wants to make the $2 trillion tax cut from 2017 permanent + add trillions more in new tax cuts. All of that will explode the national debt to new heights.
Basically CA is saying "if you're going to pretend to have the authority to negotiate tariffs by yourself then we're going to pretend that we can do that as well".
Tax cuts mean more money in our pockets to spend, which in turn means more sales tax we’re paying. Where does the sales tax go?
The three batches of government are equal, none of them have ultimate authority. Unfortunately congress has abdicated its power and is letting the executive branch do what it wants with no oversight.
Congress isn't "abdicating" its power when it doesn't pass laws to limit the President. Congress isn't "required" to stop every President.
By the way, Congress has seven oversight committees which are working, and half the members on those committees belong to your favourite political party, whatever that may be.
The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.
Not an option, according to the Constitution.
Article I, Section 8 of the U.S. Constitution explicitly says, “The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, … but all Duties, Imposts and Excises shall be uniform throughout the United States.”
I strongly recommend reading the U.S. Constitution. Frequently. You can't preserve, protect, or defend, something you don't know.
LOL...are you aware of the infamous Smoot-Hawley Tariff Act? That was a bill that passed Congress and was signed by Hoover. Notice that it's CONGRESS that is levying the tariffs and not Herbert Hoover. Which means Trump doesn't have the power to levy tariffs under the Constitution either. The current administration is trying to claim that the national debt has created a national emergency that gives him the power to do it himself. But that is obvious b.s. considering Trump wants to make the $2 trillion tax cut from 2017 permanent + add trillions more in new tax cuts. All of that will explode the national debt to new heights.
Basically CA is saying "if you're going to pretend to have the authority to negotiate tariffs by yourself then we're going to pretend that we can do that as well".
Tax cuts mean more money in our pockets to spend, which in turn means more sales tax we’re paying. Where does the sales tax go?
You a multimillionaire or something? The tax cuts won’t go to us. Didn’t last time, won’t this time. I work in taxes. The last round of Trump tax cuts left a good number of our clients in real trouble. They didn’t get any benefit from the tax cuts, but suddenly were facing huge bills from other ‘adjustments’ made to the code. Some had to sell farms, liquidate businesses, unload houses and move. It was brutal.
lwr32 said: And how often was Obama on the golf course?
Obama played golf 333 times during his 8 years, which is more than Trump. Trump's golf tally is harder to count, because one of his homes is on a golf course, and he's not always playing golf when he's at that home.
"And, those same advisors came up with the faulty formula that the president applied, that has nothing to do with tariffs applied by countries importing US goods.
According to CNN, the 54% tariff that China has responded to, was made by dividing a given country's trade deficit by its exports to the US. Then the resulting figure was divided in half."
This should not go by without being noticed. The Trump administration claims the tariffs are "reciprocal," but since reciprocal tariffs would require complex, nuanced and detailed calculations, they instead chose a simple, unrelated formula they pulled out of their proverbial a$$ so they could quickly make up some numbers to use for their tariffs. It's important to understand that these are not brilliant stratagists playing three-dimensional chess to steer the ship of state, but morons falling all over themselves to implement whatever the Big Guy wants. "Signal gate" from last week further demonstrated this. These are all the proverbial D-students who put more effort into figuring out how to cheat on tests in high school than they ever did in trying to actually pass them. I mean, think about it. If they hadn't cheated, they wouldn't have even been D-students.
So Apple's stock price, your 401(k), and the price of just about everything are all being screwed up because the Big Guy wants to create chaos with tariffs, and the people he hired can't be bothered to find someone who can figure the math to actually do the thing that they claim they're doing. They are (to use another high-school metaphor because it seems so on-the-nose) "fixing" international trade by setting off cherry bombs in the boys' bathroom toilets.
So it’s ok that the US pays high tariffs for imports but when trying to even the playing field, it’s not alright for the US to raise our tariffs? Yet, it’s ok when the left raises tariffs but when the right does it, it’s not ok?
China and other countries will get tired of paying our tariffs at some point and will negotiate with Trump.
What? It will be the American citizen’s ie… the (American taxpayer) who will be paying the new federal sales tax assigned to each country (Tariff) China, Canada, Germany will not be paying. (once again it will be the American taxpayer). Sheesh! Alas! Oy Vey!
... and it's just the beginning. I would probably also be hidding on my golf course
Trump spent about 21% of his first term playing golf, with each of his golfing trips costing the taxpayer millions of dollars. He did so, and continues to do so in his second term at a similar rate, all while having lambasted Obama and Biden for ever going anywhere (even though they did so far less), and sacking thousands of government workers in the name of government efficiency or for not pledging blind loyalty to him. His hypocrisy is unfathomable, yet millions of Americans refuse to see it, believe it, or care.
He won’t fix the drug epidemic either, because that would involve fixing poverty, disadvantage, declining living standards and increasing inequality, none of which he has any interest in doing. His only concern is his own wealth, power and ego, and that of his nearest enabling henchmen (and women).
And how often was Obama on the golf course?
Don’t know, but every time Obama or Michelle left the country the Republicans were mad.
"And, those same advisors came up with the faulty formula that the president applied, that has nothing to do with tariffs applied by countries importing US goods.
According to CNN, the 54% tariff that China has responded to, was made by dividing a given country's trade deficit by its exports to the US. Then the resulting figure was divided in half."
This should not go by without being noticed. The Trump administration claims the tariffs are "reciprocal," but since reciprocal tariffs would require complex, nuanced and detailed calculations, they instead chose a simple, unrelated formula they pulled out of their proverbial a$$ so they could quickly make up some numbers to use for their tariffs. It's important to understand that these are not brilliant stratagists playing three-dimensional chess to steer the ship of state, but morons falling all over themselves to implement whatever the Big Guy wants. "Signal gate" from last week further demonstrated this. These are all the proverbial D-students who put more effort into figuring out how to cheat on tests in high school than they ever did in trying to actually pass them. I mean, think about it. If they hadn't cheated, they wouldn't have even been D-students.
So Apple's stock price, your 401(k), and the price of just about everything are all being screwed up because the Big Guy wants to create chaos with tariffs, and the people he hired can't be bothered to find someone who can figure the math to actually do the thing that they claim they're doing. They are (to use another high-school metaphor because it seems so on-the-nose) "fixing" international trade by setting off cherry bombs in the boys' bathroom toilets.
So it’s ok that the US pays high tariffs for imports but when trying to even the playing field, it’s not alright for the US to raise our tariffs? Yet, it’s ok when the left raises tariffs but when the right does it, it’s not ok?
China and other countries will get tired of paying our tariffs at some point and will negotiate with Trump.
It’s only logical right? Heck, back in 1995, nancy pelosi of all people was saying the exact same stuff trump is saying about the need for tariffs since we are being tariffed to death by everyone else. (I posted the video a few posts back) It’s necessary in order to level the playing field. The only thing trump is doing wrong is not being on the democrat side. I just watched a few day old interview with a Democrat analyst talking about how the democrats are failing in all the polling due to their inability to get a message together. His solution? Fight trump until they can figure out what they stand for? Crazy right? You fight for what you stand for. You don’t fight when you don’t know what that is. And when trump does something right, shows strong leadership and makes bold advances that favor America on the world stage, that’s something everyone can get behind. Instead we have folks that put party over people and “fight” (I thought that word was supposed to be inciting violence when trump uses it) the president just because he is Trump and Republican.
The fact is Tarriffs will force the other countries to reconsider their abusive positions in more ways than one. We’ve had the world robbing us blind while we play noce. We’ve had bad actor governments abusing our companies by making up new laws out of thin air that target only them and harm their business model, ultimately torturing it beyond recognition and forcing them to prop up competitors on their dime. That would be apple.
Enough is enough. We finally have someone strong enough to stand up for us and our amazing companies. That’s worth at the very least the benefit of the doubt. You don’t have to cheerlead or pretend a person is perfect. But a blind person can see what’s wrong with the world trade tarriffs against us and the need to set it right. At the very least give the guy and his cabinet the benefit of the doubt and let them work. It just may turn out to be an amazing thing. If we did nothing, we continue to get robbed and abused on the world stage. And maybe that continued abuse worsens. No thanks. I’m sure Apple isn’t complaining in the short term about the opportunity to correct some of the corruption they’ve been dealing with forever as well as the more recent outrageous stuff.
Why are you all shitting yourselves over a tariff that won’t matter until September? TONS could change between now and then, so go sit in the corner, drink your wheatgrass, and argue over each other’s pronouns.
September? These tariffs are gonna boost my gold investments now. I’m gonna make hay as it were while America shoots itself in the collective foot.
Comments
The three batches of government are equal, none of them have ultimate authority. Unfortunately congress has abdicated its power and is letting the executive branch do what it wants with no oversight.
What on earth would make you think someone who has gone bankrupt as many times as Trump would have a clue about international trade? Why would you trust the judgement of someone with no macroeconomic training or experience, who when given a chance the first time failed by any and every measure. Why would you believe in him to do better this time with the same failed policies he failed with the first time?
We’ve seen this movie before.
The problem is the congress and senate are both filled with feckless cowards. All they have to do to get elected or re-elected is to show unwavering loyalty to the boss. They don’t even have to run on their record of accomplishments because a lot of them haven’t had any accomplishments that qualify them to keep or assume the job. As freakish as it sounds, members of congress and the senate actually have services they are supposed to be providing to the country, as in the whole country, not solely their party or themselves.
China and other countries will get tired of paying our tariffs at some point and will negotiate with Trump.
By the way, Congress has seven oversight committees which are working, and half the members on those committees belong to your favourite political party, whatever that may be.
Obama played golf 333 times during his 8 years, which is more than Trump. Trump's golf tally is harder to count, because one of his homes is on a golf course, and he's not always playing golf when he's at that home.