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Tariffs Catch-All
- Thread starter BubbaOtis
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Trump pushes aides to go bigger on tariffs as key deadline nears
The president privately tells advisers that import duties represent a generational opportunity to transform the U.S. economy.GIFT LINK —> https://wapo.st/3Y7FIII
“… Although many of his allies on Wall Street and Capitol Hill have urged the White House to take a more conciliatory approach, Trump has continued to press for aggressive measures to fundamentally transform the U.S. economy, the people said.
Trump’s advisers are in intensive deliberations about the exact scope of the import duties to be imposed, which officials have described as affecting trillions of dollars’ worth of trade.
… Trump continues to muse to advisers that his administration should continue to escalate the trade measures and has in recent days revived the idea of a universal tariff that would apply to most imports, regardless of their country of origin, the people said, speaking on the condition of anonymity to describe private discussions.
… The discussions reflect the central role Trump thinks tariffs play in cementing his legacy. Trump has publicly discussed the benefits of import taxes, characterizing “tariffs” as the “most beautiful” word in the dictionary and saying 19th-century tariffs led to the peak of the nation’s prosperity. Some allies have even mused about pushing to make the April 2 anniversary of the tariffs a federal holiday next year. …”
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“… “At some point they’re going to have to choose a strategy, because several of these stated goals are in contradiction with each other,” said Erica York, an economist with the Tax Foundation, a center-right think tank. “You can’t have a tariff for everything and everyone — in time, they will have to reveal what the real purpose is.”
… Trump, for now at least, appears to be trying to demonstrate that tariffs can accomplish several goals simultaneously. He said on Wednesday that new tariffs on automobile imports would last the duration of his term, and the White House said they would raise $100 billion. On Friday, speaking to reporters, he expressed openness to cutting deals with trading partners that fall under the tariffs. Advisers say he views either outcome — a permanent tariff, or a deal in which the U.S. extracts concessions — as a victory.
In an interview with NBC posted on Saturday, Trump said he “couldn’t care less” if carmakers raised prices as a result of the tariffs. “I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty,” Trump said. …”
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Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In a phone interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
www.nbcnews.com
“… Asked what his recent message was to motor industry CEOs, and whether he had warned them against raising prices, Trump said, “The message is congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff.”
When pressed if he told CEOs not to raise prices, as reported in the The Wall Street Journal, Trump added, “No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars.”
Trump continued, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”
Asked if he was concerned about car prices going up, Trump said, “No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars.”
After the interview, an aide to the president followed up with NBC News to say that Trump was referring specifically to foreign car prices. …”
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“… The president also said the tariffs would be permanent.Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In a phone interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
“… Asked what his recent message was to motor industry CEOs, and whether he had warned them against raising prices, Trump said, “The message is congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff.”
When pressed if he told CEOs not to raise prices, as reported in the The Wall Street Journal, Trump added, “No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars.”
Trump continued, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”
Asked if he was concerned about car prices going up, Trump said, “No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars.”
After the interview, an aide to the president followed up with NBC News to say that Trump was referring specifically to foreign car prices. …”
“Absolutely, they’re permanent, sure. The world has been ripping off the United States for the last 40 years and more. And all we’re doing is being fair, and frankly, I’m being very generous,” Trump said. …”
Mulberry Heel
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1) Given that most American car companies use parts made in other countries then the price of American cars is going to increase as well, although he's far too stupid to realize that. This isn't the Gilded Age where nearly everything we needed was made here anyway, but he doesn't realize that either. And while his goal is to force everyone to start manufacturing things here again that isn't going to happen nearly fast enough to spare Americans a lot of economic pain, and it's very unlikely for various reasons that we'll ever return to nearly everything we need being made here anyway.Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In an interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
Trump says he ‘couldn’t care less’ if foreign automakers raise prices due to tariffs
In a phone interview with NBC News, President Donald Trump also said he wouldn’t fire anyone involved in the Signal group chat.
“… Asked what his recent message was to motor industry CEOs, and whether he had warned them against raising prices, Trump said, “The message is congratulations, if you make your car in the United States, you’re going to make a lot of money. If you don’t, you’re going to have to probably come to the United States, because if you make your car in the United States, there is no tariff.”
When pressed if he told CEOs not to raise prices, as reported in the The Wall Street Journal, Trump added, “No, I never said that. I couldn’t care less if they raise prices, because people are going to start buying American-made cars.”
Trump continued, “I couldn’t care less. I hope they raise their prices, because if they do, people are gonna buy American-made cars. We have plenty.”
Asked if he was concerned about car prices going up, Trump said, “No, I couldn’t care less, because if the prices on foreign cars go up, they’re going to buy American cars.”
After the interview, an aide to the president followed up with NBC News to say that Trump was referring specifically to foreign car prices. …”
2) Just wait for all of the FAFO stories and articles coming from Trumper automobile dealers struggling or even going under and begging for Dear Leader to save them by either lifting the tariffs or a government bailout (socialism!).
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What kind of fucking idiot president you ask? I’ll tell you. The kind of fucking idiot president we’ve had since January 20.
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There is history here in that a good while ago Heinz closed down a long running ketchup plant in Ontario years ago that basically killed a town. French's saw the situation and leased the factory and bought the soon to be rotting on the vine crop. As a result a nationwide movement took place for Canadians to switch to French's. Heinz eventually reopened a factory in Quebec, but any Ketchup in bottles smaller than 1 liter are from the US. People have long memories and some still boycott it. Not like this however. This is 100% tariff backlash. I mean the Heinz is nearly $2 less and going untouched.
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Seems Canadians have a view of patriotism that goes beyond rattlesnake bumper stickers, flag waiving and Black Rifle coffee. Terribly confusing for MAGA, I’m sure.There is history here in that a good while ago Heinz closed down a long running ketchup plant in Ontario years ago that basically killed a town. French's saw the situation and leased the factory and bought the soon to be rotting on the vine crop. As a result a nationwide movement took place for Canadians to switch to French's. Heinz eventually reopened a factory in Quebec, but any Ketchup in bottles smaller than 1 liter are from the US. People have long memories and some still boycott it. Not like this however. This is 100% tariff backlash. I mean the Heinz is nearly $2 less and going untouched.
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Awesome graphic detail:
“… Manufacturing executives said the U.S. doesn’t have the plants to churn out the amount of steel wire or screws and other fasteners needed to displace imports.
“The production capacity we need doesn’t exist here in the U.S.,” said Gene Simpson, president of Illinois-based fastener maker Semblex. “It’s a select group of suppliers.”
And companies that use screws and other metal parts covered by tariffs say their customers won’t tolerate price increases. Some construction contractors may delay projects until they get a handle on how to blunt the effects of import duties.
About $178 billion of steel and aluminum products imported by the U.S. last year are now subject to a 25% tariff, according to Jason Miller, a supply-chain management professor at Michigan State University. That is more than three times greater than the import products affected by the original 2018 tariffs. …”
GIFT LINK
—> https://www.wsj.com/economy/trade/t...89?st=v1CL1Q&reflink=mobilewebshare_permalink
“… Manufacturing executives said the U.S. doesn’t have the plants to churn out the amount of steel wire or screws and other fasteners needed to displace imports.
“The production capacity we need doesn’t exist here in the U.S.,” said Gene Simpson, president of Illinois-based fastener maker Semblex. “It’s a select group of suppliers.”
And companies that use screws and other metal parts covered by tariffs say their customers won’t tolerate price increases. Some construction contractors may delay projects until they get a handle on how to blunt the effects of import duties.
About $178 billion of steel and aluminum products imported by the U.S. last year are now subject to a 25% tariff, according to Jason Miller, a supply-chain management professor at Michigan State University. That is more than three times greater than the import products affected by the original 2018 tariffs. …”
GIFT LINK
—> https://www.wsj.com/economy/trade/t...89?st=v1CL1Q&reflink=mobilewebshare_permalink
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"When I win, I will immediately bring prices down, starting on day one." Something something, promises made; promises kept, amirite?
Any of our board MAGA peeps want to take a crack at this one?
Any of our board MAGA peeps want to take a crack at this one?
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“… "The U. S. Consumer message is that tariffs are tax cuts," Navarro insisted. "Tariffs are jobs. Tariffs are national security. Tariffs are great for America. Tariffs will make America great again."
"I want to clarify," Bream interrupted, "when you say a tax cut, how exactly is that going to work?"
"First of all, we're going to raise about a hundred billion dollars with the auto tariffs alone," Navarro replied. "What we're going to do is, in the new tax bill that has to pass, it absolutely has to pass, we're going to provide tax benefits, tax credits to the people who buy American cars."
"This is a genius thing that President Trump promised on the campaign trail," he added. "In addition, the other tariffs are going to raise about six hundred billion dollars a year, about six trillion over a ten-year period, and we're going to have tax cuts."
"Trust in Trump," Navarro said. …”
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“… "The U. S. Consumer message is that tariffs are tax cuts," Navarro insisted. "Tariffs are jobs. Tariffs are national security. Tariffs are great for America. Tariffs will make America great again."
"I want to clarify," Bream interrupted, "when you say a tax cut, how exactly is that going to work?"
"First of all, we're going to raise about a hundred billion dollars with the auto tariffs alone," Navarro replied. "What we're going to do is, in the new tax bill that has to pass, it absolutely has to pass, we're going to provide tax benefits, tax credits to the people who buy American cars."
"This is a genius thing that President Trump promised on the campaign trail," he added. "In addition, the other tariffs are going to raise about six hundred billion dollars a year, about six trillion over a ten-year period, and we're going to have tax cuts."
"Trust in Trump," Navarro said. …”
Full video: Peter Navarro says the ‘bigger picture’ is ‘restoring’ the American manufacturing base | Fox News Video
