Tariffs Catch-All

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superrific said:
The irony is that, even in lifting the tariffs, he did so in the stupidest possible way. "Pausing" them for 90 days does not take away uncertainty. So we're going to get decreased economic activity, and collect no revenue.

Literally, Trump has been bragging about tariff revenue but have we actually had tariffs in place long enough to collect anything?
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A pause does show that he's not a irrational as he made the markets appear he was.
 
Bessent is on TV telling us how brilliant Trump is to have achieved this sort of negotiating leverage with his tariffs. "75 counties have come to us to renegotiate and we need time because the President wants to be personally involved in the negotiations with each country."

"China is a bad actor and must pay for its retaliation."
 
It's pretty hard to maintain the idea that trade is a national emergency when Trump can't keep a policy in place for a week.

As I predicted, Trump doesn't have the patience for an actual trade war, though I thought he might stay engaged for longer than a week.
 
Bessent looks like a fool.

ETA: but I guess we knew that when he agreed to take a position in the Trump administration.
 
ZenMode said:
A pause does show that he's not a irrational as he made the markets appear he was.
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No, it shows that he's even more irrational. It shows conclusively that there was no plan -- not that anyone thought there was, but this proves it.

So Trump has ripped up all of our trade treaties, and now has absolutely nothing to show for it. We collected basically nothing from the one week of tariffs; we pissed off everyone across the world; and business uncertainty ramped up. For what? FOR WHAT?

The main non-tariff barrier US companies are going to be facing in the next couple of years is the resentment of other countries toward the US. These boycotts aren't going to just go away. And there are non-US companies getting free market share, which the US companies might find hard to claw back.
 
Baghdad Barbie just told us how brilliant Trump is for standing up for the American worker.
 
farce© said:
Bessent: "You might say Trump goaded China into taking a bad position."
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Or, you might say Donald Trump is the dumbest fucking idiot ever to have run a McDonald's, much less the largest and most complex economy in the history of the world, but only one of those statements would be true.
 
Notice Navarro and Lutnick were nowhere to be seen today. Bessent was carrying all the water.
 
CNBC talking head: "Trump might claim this is a victory but he didn't just flinch, he ducked."
 
lawtig02 said:
Or, you might say Donald Trump is the dumbest fucking idiot ever to have run a McDonald's, much less the largest and most complex economy in the history of the world, but only one of those statements would be true.
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No one would hire Trump to run a McDonald’s. He’s incapable of doing the job.

I doubt McDonald’s would sell him a franchise.
 
superrific said:
No, it shows that he's even more irrational. It shows conclusively that there was no plan -- not that anyone thought there was, but this proves it.

So Trump has ripped up all of our trade treaties, and now has absolutely nothing to show for it. We collected basically nothing from the one week of tariffs; we pissed off everyone across the world; and business uncertainty ramped up. For what? FOR WHAT?

The main non-tariff barrier US companies are going to be facing in the next couple of years is the resentment of other countries toward the US. These boycotts aren't going to just go away. And there are non-US companies getting free market share, which the US companies might find hard to claw back.
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Clearly, you are a simpleton who does not understand the art of the deal. Let's go to the moon MAGA!
 
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