Tariffs Catch-All

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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

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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. …”



He’s just making shit up because he knows MAGA is too dumb and lazy to check that bullshit.
 

North Dakota businesses may be missing out during spring break and beyond as Manitobans rethink their travel plans.

Sitting at The Forks in Winnipeg with a maple leaf on the shoulder of his jacket, Thunder Bay resident Mike Boyechko says he’s made several trips down south over the years.

“New York, Minneapolis, Duluth, Yellowstone,” recounted Boyechko. “I won’t even consider the United States with Donald Trump running the show there.”

Boyechko was in Manitoba watching the Winnipeg Jets and said he will no longer vacation in the U.S.

With the ongoing trade war, he might not be alone. Many Manitobans may be bypassing their annual visits to Grand Forks and Fargo during the upcoming spring break.

The tourism industry in North Dakota told CTV News businesses are already feeling the pinch.

Charley Johnson is the president of Visit Fargo-Moorhead, a destination marketing organization for the twin cities bordering North Dakota and Minnesota.

He said passenger vehicle trips at the Pembina border crossing were down 40 per cent in February.

“I don’t like it, none of my tourism friends like this, but we’re kind of hamstrung,” said Johnson.

Johnson said bars, restaurants, and shops that normally host Canadians noticed a drop.

Liquor stores also felt the sting.

“By counting Canadian license plates in their parking lots, they know that it’s down significantly and they’ll feel it,” said Johnson.

Johnson predicts things will only get worse.

“I fully anticipate we will have a further decline,” said Johnson. “Explain to me why I shouldn’t; it’s a rhetorical question.”
 

Trump Team Weighs Broader, Higher Tariffs​

Back on the table ahead of Wednesday’s deadline: an across-the-board hike of up to 20%​



“… Trump spent most of last week playing down expectations for his so-called reciprocal tariff plan on April 2, a line he reiterated on Air Force One on Sunday night, saying he would be “much more generous” than his previous pledges to equalize U.S. tariffs with those charged by other nations.

But in recent days Trump has pushed his team to be more aggressive, people familiar with the conversations said, encouraging them to devise plans that would apply higher rates of tariffs on a broader set of countries.

Trump reinforced that narrative on Sunday night, saying he would target “essentially all” of U.S. trading partners with tariffs of some kind.

Exactly how that will happen remains unclear. In recent days, advisers have considered imposing global tariffs of up to 20% that would hit virtually all U.S. trading partners. Trump and his team for months promoted such a plan on the campaign trail, before the president publicly ditched it in favor of a so-called reciprocal tariff plan that would mean “what they [other nations] charge us, we charge them,” as the president put it. …”

homer perfect loops GIF
 
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Honestly, he is throwing away a chance at a booming start to his term with this tariff whiplash — the market was primed to embrace presumed pro-growth policies but instead he is using up a ton of good will and economic potential on magical thinking about tariffs, opening a worldwide trade war and erratic economic and foreign policy.
 
IMG_6033.jpeg

Honestly, he is throwing away a chance at a booming start to his term with this tariff whiplash — the market was primed to embrace presumed pro-growth policies but instead he is using up a ton of good will and economic potential on magical thinking about tariffs, opening a worldwide trade war and erratic economic and foreign policy.
Past tense, not present participle. I think it's clear he threw away that chance. Stagflation seems to be the most common prediction for the rest of the year. If stagflation is avoided -- i.e. best case scenario for them -- it will be for a weak economy, a long-term reduction in growth rates and a semi-permanent economic anemia.
 
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