Tariffs Catch-All

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OMB said:
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No tariffs on Isengard. Figures that Saruman is in bed with Trump and Putin.

In a Trumpian Middle Earth, there would be no tariffs on Mordor and no blanket tariffs on Middle Earth.

The Shire would face 67% tariffs****.

Rivendell, the Wood Elves, Erebor, Dale, Lake-town, the Iron Hills, Rohan, Gondor, and Lothlorien would all see at least 50% tariffs.

Fangorn Forest would have 100% tariffs (Treebeard would constantly and continually say bad things about Trump).

****All Pipe Weed would be appropriated for Musk and Associates to use.
 
nycfan said:


“…Trump personally selected a formulathat was based on two simple variables — the trade deficit with each country and the total value of its U.S. exports, said two of the people, who spoke on the condition of anonymity to recount internal talks.

While precisely who proposed that option remains unclear, it bears some striking similarities to a methodology published during Trump’s first administration by Peter Navarro, now the president’s hard-charging economic adviser.

After its debut in the Rose Garden on Wednesday, the crude math drew mockery from economists as Trump’s new global trade war prompted a sharp drop in markets.

… After deliberations that went late into Tuesday, Trump didn’t decide on the final plan until about 1 p.m. Wednesday — less than three hours ahead of his Rose Garden announcement.

… “He’s at the peak of just not giving a f--- anymore,” said a White House official with knowledge of Trump’s thinking.

“Bad news stories? Doesn’t give a f---. He’s going to do what he’s going to do. He’s going to do what he promised to do on the campaign trail.” …”
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This is what we’re dealing with:
“He’s at the peak of just not giving a f--- anymore,” said a White House official with knowledge of Trump’s thinking.

“Bad news stories? Doesn’t give a f---. He’s going to do what he’s going to do. He’s going to do what he promised to do on the campaign trail.”
😐🤬
 


Pelosi: I'd like to call the attention of our colleagues to this chart on the status quo that the business community is asking each and every one of you— to each and every one of us to endorse today. Right now, we have a $34 billion trade deficit with China, the 1995 figure. It will be over $40 billion for 1996. Since the Tiananmen Square Massacre, this figure has increased 1,000%, from three and a half billion then, to about $34 billion now. In terms of tariffs, I think it's interesting to note that the average US MFN [Most Favored Nation] tariff on Chinese goods coming into the United States is 2%, whereas the average Chinese MFN tariff on US goods going into China is 35%. Is that reciprocal?

On exports, China only allows certain industries into China—of US industries into China, and therefore only 2% of US exports are allowed into China. On the other hand, the US allows China to flood our markets with a third of their exports, and that will probably go over 40%, and it's limitless because we have not placed any restriction. In terms of jobs, this is the biggest and cruelest hoax of all! Not only do we not have market access, not only do they have prohibitive tariffs, not only are our exports not let in very specifically, but China benefits with at least, at least 10 million jobs from US China trade.
 
Silence Dogood said:


Pelosi: I'd like to call the attention of our colleagues to this chart on the status quo that the business community is asking each and every one of you— to each and every one of us to endorse today. Right now, we have a $34 billion trade deficit with China, the 1995 figure. It will be over $40 billion for 1996. Since the Tiananmen Square Massacre, this figure has increased 1,000%, from three and a half billion then, to about $34 billion now. In terms of tariffs, I think it's interesting to note that the average US MFN [Most Favored Nation] tariff on Chinese goods coming into the United States is 2%, whereas the average Chinese MFN tariff on US goods going into China is 35%. Is that reciprocal?

On exports, China only allows certain industries into China—of US industries into China, and therefore only 2% of US exports are allowed into China. On the other hand, the US allows China to flood our markets with a third of their exports, and that will probably go over 40%, and it's limitless because we have not placed any restriction. In terms of jobs, this is the biggest and cruelest hoax of all! Not only do we not have market access, not only do they have prohibitive tariffs, not only are our exports not let in very specifically, but China benefits with at least, at least 10 million jobs from US China trade.
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I know, right! Doesn’t that make you glad we were able to adequately addressed this issue in the last 30 years WITHOUT destroying the domestic and global economies?
 
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“… White House officials cautioned the president’s openness to “picking up the phone” to a foreign leader should not be confused for serious negotiations that would lead to tariffs being lowered.

… The White House was focused on implementing the levies, they added, suggesting Washington will set a high bar for any agreement to ease the measures. “President Trump is always willing to take a phone call from a foreign leader and discuss possible deals, but it is not a negotiation until it’s a negotiation,” said one White House official.

… “This is not a negotiation,” a senior White House official said on Wednesday. “It’s a national emergency.”

… One person familiar with the administration’s thinking said Trump understood that to lure companies into moving their manufacturing operations to the US, the tariffs would need to be permanent.

“Companies need certainty that this is the new policy environment,” the person said. The White House official said the US was not talking to other countries about “specific concessions”.

“The thing we are looking at is trade deficits,” they said. …”

www.ft.com

Tariff deals with foreign governments not a priority for Donald Trump, say US officials

After markets tumble, president reiterates that his policies ‘will never change’ in social media post
www.ft.com www.ft.com
 
Silence Dogood said:
Same problems are occurring
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Please explain the relationship between the capital account surplus and the current account deficit.

Please explain the relationship between the trade deficit and the federal government's deficit.

Please explain how blowing a hole in the federal government finances is going to help or hurt the trade
 
superrific said:
Please explain the relationship between the capital account surplus and the current account deficit.

Please explain the relationship between the trade deficit and the federal government's deficit.

Please explain how blowing a hole in the federal government finances is going to help or hurt the trade
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Not to mention, (1) what trade with China over the last 30 years has meant for US wealth, (2) what a more prosperous China means for global security, (3) the demographic challenges China is facing that will almost certainly keep the trade equation relatively stable (or tilted in our favor), and (4) the unaccounted-for services surplus we provide not just to China but to the entire world.

It’s almost like international trade is a more complicated topic than Silence is seeing on ZeroHedge.
 

Republicans Grin and Bear It as Businesses Beg for Tariff Relief​

Many GOP lawmakers say they trust Trump, but hope stock-market turbulence is short-lived​


GIFT LINK 🎁 —> https://www.wsj.com/politics/policy...25?st=UvTL1V&reflink=mobilewebshare_permalink

“… “When you see the stock market dropping 2,000 points in a couple of days, everybody gets grumpy.

But most people say, ‘I get it, long term this is going to be good,’ ” said Rep. Marlin Stutzman (R., Ind.), a beef cattle operator who is in favor of the tariffs. “There will be a turnaround. It’s just going to take some time.”

… Sen. Thom Tillis (R., N.C.) who also faces re-election in 2026, said he is hearing from constituents worried about tariff fallout. “Farmers are nervous, restaurant, lodging. But basically what you would expect,” Tillis said.

… By late Friday, with stocks in free fall, Tillis, Young and Collins had signed on to legislation that would allow Congress to remove tariffs with a simple majority vote.

The Trade Review Act, introduced Thursday by Sens. Maria Cantwell (D., Wash.) and Chuck Grassley (R., Iowa), now has a total of seven GOP co-sponsors. GOP Sens. Cruz, Mike Rounds of South Dakota and Rand Paul of Kentucky said they also are looking at potentially adding their names in support of the bill, which would need 60 votes to overcome the chamber’s filibuster threshold. Republicans have a 53-47 majority in the Senate.

Republican Rep. Don Bacon of Nebraska, who represents a swing district that Trump lost in 2024, plans to offer a companion measure in the House.“ …”

——
Trump would still have to sign it, so things would have to get so bad that you get enough votes to override a veto.
 
heelinhell said:
Those guys had a net worth of around $2 trillion. I'm pretty sure they haven't lost any sleep over the past week .

They will rake in billions more than that in income and corporation tax cuts 😜
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The Billionaire Bros. were given a heads up and largely "cashed out" their investments...meaning moving to treasuries from equity...weeks or months ago. They lost very little. And are awaiting the massive Tax Breaks targeted at the billionaire class.
 
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