Tariffs Catch-All

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He is threatening targeting tariffs on imported iPhones, right?
One product from one company? How is that legal? (not that a legality figured into Trump’s constant stream of shit.)
Wouldn’t the tariff have to apply to all imported cell phones?
 
farce© said:
He is threatening targeting tariffs on imported iPhones, right?
One product from one company? How is that legal? (not that a legality figured into Trump’s constant stream of shit.)
Wouldn’t the tariff have to apply to all imported cell phones?
Click to expand...
Just you wait. Annnnnny moment now our board Republicans, lifelong steadfast adherents to true free market and small government conservatism that they are- and of, course, as they are all haters of hypocrisy- will be right along to join the rest of us in expressing outrage at this un-American policy proposal by the President of the United States to individually punish the most successful American company in history. Any moment now!
 
farce© said:
He is threatening targeting tariffs on imported iPhones, right?
One product from one company? How is that legal? (not that a legality figured into Trump’s constant stream of shit.)
Wouldn’t the tariff have to apply to all imported cell phones?
Click to expand...
Tariff authority is broad, and trade law is exceedingly narrow. I do not think that they could say, "tariffs on Apple" but they could say "tariffs on smart phones with [x, y, z] properties."

I suspect, though, that Trump will be happy to tariff all cell phones. He jawbones at Apple because he doesn't speak Korean.
 
Does he really believe "they" are going to "send" "their" companies into the US? Really? It's hard to keep up with the bullshit.

Hey Trump, have you noticed that every single time you mention tariffs (except to lift them), markets tank? What do you think is going to happen in 9 days?
 




I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).

🎁 —> https://www.wsj.com/finance/currenc...67?st=XkoU9v&reflink=mobilewebshare_permalink

“Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity.

Now, Sun isn’t just back in America. He is in suburban Washington to attend a dinner with President Trump as a VIP guest.

After weeks of industry speculation, Sun confirmed in a social-media post Tuesday that he is the largest holder of the president’s $TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with Trump on Thursday. Critics say the event is among the most glaring demonstrations yet of the conflicts of interest for Trump and his family as they pursue a range of business ventures.

Until Trump’s election win, the 34-year-old entrepreneur was in the sights of U.S. authorities and was persona non grata in much of the U.S. crypto industry. His company Tron, which operates a blockchain network with the same name, has been a popular channel for crypto’s criminal fraternity to move funds.

The U.S. Treasury Department’s Financial Crimes Enforcement Network wrote in a private 2023 report that Tron was “growing in popularity among illicit actors.” By last year, more than half of all illegal crypto activity—some $26 billion—took place on the network, according to researcher TRM Labs, which tracks crypto transactions and works with law enforcement.

… Sun faced charges from the Securities and Exchange Commission, which in 2023 accused him of fraudulently manipulating the market for Tron’s TRX token. The SEC asked a court in February to pause its lawsuit.

The Justice Department, meanwhile, had been investigating Sun for suspected financial crimes, people familiar with the case said. The U.S. attorney’s office in Manhattan requested information from Sun back in 2021 and continued gathering evidence through at least 2023, some of the people said, causing him to avoid travel to the U.S. over concerns about a possible arrest warrant. That meant Sun, who is based in Hong Kong, had to skip the 2021 launch of Blue Origin’s first crewed space flight, on which he had won a spot, the people said. (At the time, Blue Origin said Sun pulled out due to scheduling conflicts.)

It couldn’t be learned whether the Justice Department investigation is still ongoing. …”
 
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nycfan said:




I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).
Click to expand...

The phrase is usually translated as "eat bitterness" -- you've got the meaning more or less correct. It's a saying that goes back at least as far as The Long March, when the communists had much cause given that they traveled 6000 miles through lands where food was definitely not plentiful.
 
I hope the next administration and Dem congress immediately declares any transaction involving crypto currency as illegal and the trading of such as a felony.

Because all this bullshit is nothing but criminal. Absolutely blatant criminality.
 
DiehardHeelFan said:
Or it is time to sell all the assets bought when the initial June 1st tariffs were announced. He can move the tariff threat up and down and those that know ahead of time can make a killing. Wall Street is like a dog Stay 😀
Click to expand...
Absolutely. Market manipulation isn’t the only goal, but I’d wager it’s #1, with a bullet, in Don’s mind.
 
nycfan said:




I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).

🎁 —> https://www.wsj.com/finance/currenc...67?st=XkoU9v&reflink=mobilewebshare_permalink

“Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity.

Now, Sun isn’t just back in America. He is in suburban Washington to attend a dinner with President Trump as a VIP guest.

After weeks of industry speculation, Sun confirmed in a social-media post Tuesday that he is the largest holder of the president’s $TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with Trump on Thursday. Critics say the event is among the most glaring demonstrations yet of the conflicts of interest for Trump and his family as they pursue a range of business ventures.

Until Trump’s election win, the 34-year-old entrepreneur was in the sights of U.S. authorities and was persona non grata in much of the U.S. crypto industry. His company Tron, which operates a blockchain network with the same name, has been a popular channel for crypto’s criminal fraternity to move funds.

The U.S. Treasury Department’s Financial Crimes Enforcement Network wrote in a private 2023 report that Tron was “growing in popularity among illicit actors.” By last year, more than half of all illegal crypto activity—some $26 billion—took place on the network, according to researcher TRM Labs, which tracks crypto transactions and works with law enforcement.

… Sun faced charges from the Securities and Exchange Commission, which in 2023 accused him of fraudulently manipulating the market for Tron’s TRX token. The SEC asked a court in February to pause its lawsuit.

The Justice Department, meanwhile, had been investigating Sun for suspected financial crimes, people familiar with the case said. The U.S. attorney’s office in Manhattan requested information from Sun back in 2021 and continued gathering evidence through at least 2023, some of the people said, causing him to avoid travel to the U.S. over concerns about a possible arrest warrant. That meant Sun, who is based in Hong Kong, had to skip the 2021 launch of Blue Origin’s first crewed space flight, on which he had won a spot, the people said. (At the time, Blue Origin said Sun pulled out due to scheduling conflicts.)

It couldn’t be learned whether the Justice Department investigation is still ongoing. …”
Click to expand...

Add harborin
Healing said:
The EU is going to "buy" zillions of dollars worth of AMERICAN! natural gas, again.
Click to expand...
Clean coal
 
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