Tariffs Catch-All

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One of the goals of the global idiot tariffs could be good old fashioned grifting and emoluments. For example, Trump is probably looking for leverage, tax breaks, etc. on four "Hanoi HIlton" golf courses in Vietnam.


Trump golfs while the world burns - cover for more BANK ROBBERIES as Mike Johnson attempts to push massive tax cuts for billionaires, pretending the great wealth coming from tariff tax collection will be used to "pay" for the billionaire tax breaks. The dudes that parked their investment $$ months ago. Wink wink.
 

When Huge Trump Tariffs Hit Small African Economies​

The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.

www.nytimes.com

Lesotho, a Small African Nation, Expects a Big Hit From Trump’s Tariffs

The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.
www.nytimes.com www.nytimes.com

“… Lesotho, which makes denim that goes into American-branded jeans, was hit with a 50 percent tariff. It was among several lower-income countries on the continent that were shocked by levies high above the minimum 10 percent imposed on nearly all of America’s trading partners.

Madagascar, where three-quarters of the population lives in poverty, now will be met with a 47 percent tariff when its apparel, vanilla and other exports enter the United States.

Products from Algeria, Angola, Botswana, Libya and Mauritius all now have tariffs above 30 percent, as does South Africa, which has come under particular attack by the Trump administration.

… But Lesotho is hardly a big player in global trade: It imported less than $3 million in goodsfrom the United States and exported $240 million there last year.

… But to countries like Lesotho, the impact of tariffs is enormous. Exports of denim and diamonds make up more than a tenth of the country’s gross domestic product.

… This will “devastate the economy,” said Jacques Nel, head of Africa Macro at Oxford Economics, a research firm. Lesotho is already a poor country. It has a population of two million and its entire national output is about $2 billion a year, with an annual per capita income of $975.

“This has nothing to do with actual tariffs,” Mr. Nel said. “They can’t import a lot from the U.S., because they don’t have a lot of money.” …”
 
nycfan said:

When Huge Trump Tariffs Hit Small African Economies​

The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.

www.nytimes.com

Lesotho, a Small African Nation, Expects a Big Hit From Trump’s Tariffs

The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.
www.nytimes.com www.nytimes.com

“… Lesotho, which makes denim that goes into American-branded jeans, was hit with a 50 percent tariff. It was among several lower-income countries on the continent that were shocked by levies high above the minimum 10 percent imposed on nearly all of America’s trading partners.

Madagascar, where three-quarters of the population lives in poverty, now will be met with a 47 percent tariff when its apparel, vanilla and other exports enter the United States.

Products from Algeria, Angola, Botswana, Libya and Mauritius all now have tariffs above 30 percent, as does South Africa, which has come under particular attack by the Trump administration.

… But Lesotho is hardly a big player in global trade: It imported less than $3 million in goodsfrom the United States and exported $240 million there last year.

… But to countries like Lesotho, the impact of tariffs is enormous. Exports of denim and diamonds make up more than a tenth of the country’s gross domestic product.

… This will “devastate the economy,” said Jacques Nel, head of Africa Macro at Oxford Economics, a research firm. Lesotho is already a poor country. It has a population of two million and its entire national output is about $2 billion a year, with an annual per capita income of $975.

“This has nothing to do with actual tariffs,” Mr. Nel said. “They can’t import a lot from the U.S., because they don’t have a lot of money.” …”
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“… Lesotho’s factories have made garments — particularly denim — for manufacturers like Levi’s and Wrangler.

And although Mr. Trump recently called Lesotho a country that “nobody has ever heard of,” his own Trump-branded Greg Norman golf shirts feature labels that say “Made in Lesotho.”**

Lesotho’s trade minister, Mokhethi Shelile, said the country has 11 factories that employ 12,000 workers. Seventy percent of what they produce is exported to the United States.

“We are a small economy,” Mr. Shelile said. “We just have to speak to the U.S. administration because the tariff is not based on facts.” …”

——

** “… In his [SOTU] speech to Congress …, Mr. Trump railed against aid to Africa, saying the United States was spending millions to promote L.G.B.T.Q. issues “in the African nation of Lesotho, which nobody has ever heard of.”
www.nytimes.com

Africa Received Billions in U.S. Aid. Here’s What It Will Lose.

The United States spent decades responding to conflicts and disease in Africa. The continent is now expected to be the hardest hit by the Trump administration’s aid cuts.
www.nytimes.com www.nytimes.com
 
nycfan said:
“… Lesotho’s factories have made garments — particularly denim — for manufacturers like Levi’s and Wrangler.

And although Mr. Trump recently called Lesotho a country that “nobody has ever heard of,” his own Trump-branded Greg Norman golf shirts feature labels that say “Made in Lesotho.”**

Lesotho’s trade minister, Mokhethi Shelile, said the country has 11 factories that employ 12,000 workers. Seventy percent of what they produce is exported to the United States.

“We are a small economy,” Mr. Shelile said. “We just have to speak to the U.S. administration because the tariff is not based on facts.” …”

——

** “… In his [SOTU] speech to Congress …, Mr. Trump railed against aid to Africa, saying the United States was spending millions to promote L.G.B.T.Q. issues “in the African nation of Lesotho, which nobody has ever heard of.”
www.nytimes.com

Africa Received Billions in U.S. Aid. Here’s What It Will Lose.

The United States spent decades responding to conflicts and disease in Africa. The continent is now expected to be the hardest hit by the Trump administration’s aid cuts.
www.nytimes.com www.nytimes.com
Click to expand...
“… While the United States is imposing tariffs on the relatively small amount of goods from Africa — just $39 billion worth last year — China has been trying to encourage trade. It eliminated all import duties on products from 33 African countries in December. …”
 
The whole 'Well other countries do it' is the dumbest fucking argument in the world. Spouted by the same lemmings who fight tooth and nail against universal healthcare even though every other advanced country in the world 'Does it'.

Hey fucktards, did it ever occur to you that the 'other countries that do it' have smaller, less robust and often stagnating economies??? Maybe we should embrace free trade since it has made us the most powerful economy in the history of the world.
 
As a reminder, in Trump 1.0, we had higher tariff rates than most nations. The strategy didn't bring jobs back. Biden kept a lot of them - inflationary.
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Gmonet said:
The whole 'Well other countries do it' is the dumbest fucking argument in the world. Spouted by the same lemmings who fight tooth and nail against universal healthcare even though every other advanced country in the world 'Does it'.

Hey fucktards, did it ever occur to you that the 'other countries that do it' have smaller, less robust and often stagnating economies??? Maybe we should embrace free trade since it has made us the most powerful economy in the history of the world.
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The right wing talking points are getting simpler and dumber, presumably because the people shameless enough to repeat them are also getting simpler and dumber.
 
Duke Mu said:
So Trump admits a hit job on the American people. Nice.
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Practically the only thing I appreciate about Trump is, despite the fact he lies at least once every other sentence, he has a brutal, refreshing honesty. He doesn't really even try to hide the fact he's a parasite. In fact, like a good narcissistic sociopath, he openly flaunts it.

I never will forget in one of his 2020 campaign rallies, he just flat out told the crowd how dumb they all are. This was not the "I love the poorly educated." It was some other rally. Like proper dumbasses, they just laughed. Thought it was a joke, I guess. The dude literally told them to their faces how dumb they are, and they just laughed.

It reminds me too of how he would use the parable of the woman with the snake. The one where she takes it inside to warm, it of course warms, and then bites her. "Why did you take me in? You knew I was a snake!" That one. Well, he would always use it to frame the snake as the "radical Left Marxist yada yada Democrats," but like the good serial killer personality he has, it was always about him. He knows he's the snake, and he's toying with his victims. I imagine that gave him great pleasure.
 
lawtig02 said:
The right wing talking points are getting simpler and dumber, presumably because the people shameless enough to repeat them are also getting simpler and dumber.
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But more and more it's just the Russian assets repeating them. Mostly the others have just shut up. Compromat is a powerful tool.
 
I know there's a MAGA family thread somewhere, but I'll just put this here. My Mom has never been MAGA. Thought she was the one remaining ally from back home.

Lo and behold, she responds to my text last weekend about how we're due for a reckoning, with how she wasn't disappointed by Trump so far. Doing what he said he would do. Said she was much more disappointed by the last administration, which was "slick." I guess she meant hiding Biden's senility. She even said Signalgate likely "an inside job."

If there were red lights and alarms that could have gone off at that point, they would have went off. I've never heard my Mom talk like that before. "Inside job"?

I told her, no, Mom, they're just incompetent morons.

As bad as it is for all of us, I suppose it's chef's kiss fitting that this week would immediately follow her response to my text. Haven't heard back on the matter. Probably won't.
 
lawtig02 said:
You may be right but if so, there are a fuck ton of Russian assets in rural America.
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What I keep seeing on Facebook and other social media are Trumpers insisting that this economic meltdown is nothing to worry about, but just a "necessary correction" in the stock market that presents "great opportunities" for "smart buyers" and will soon recover as the genius of Dear Leader's economic plans become more clear. And that all of our old manufacturing jobs will return and soon we'll be making things in the USA just like we did forty or fifty years ago. It's delusional, but there are still plenty of Trumpers who will simply not break from their blind faith in Trump. "Trust us, he knows what he's doing!" No, really doesn't.
 
nycfan said:
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Mulberry Heel said:
What I keep seeing on Facebook and other social media are Trumpers insisting that this economic meltdown is nothing to worry about, but just a "necessary correction" in the stock market that presents "great opportunities" for "smart buyers" and will soon recover as the genius of Dear Leader's economic plans become more clear. And that all of our old manufacturing jobs will return and soon we'll be making things in the USA just like we did forty or fifty years ago. It's delusional, but there are still plenty of Trumpers who will simply not break from their blind faith in Trump. "Trust us, he knows what he's doing!" No, really doesn't.
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Too many think this is a game of Sid Meier’s Civ. Just click a button and the infrastructure materializes. The complexities of life feel too overwhelming, so they outsource their minds to grifters and charlatans offering black and white answers, but absolutely no solutions.
 
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