Trump still hasn't figured out tariffs are a tax on consumers — Announces blanket tariffs on Mexico, Canada and China

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evrheel

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www.rawstory.com

Trump threatens to triple cost of John Deere tractors during event with farmers

Former President Donald Trump told farmers Monday that the cost of tractors could significantly rise if he wins the 2024 election.During a roundtable with farmers in Smithton, Pennsylvania, Trump concluded by noticing that his campaign team used John Deere tractors as props."I just noticed...
www.rawstory.com www.rawstory.com


"I just noticed behind me John Deere tractors," the former president said. "I know a lot about John Deere. I love the company. But as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico."

He continued: "I'm just notifying John Deere right now. If you do that, we're putting a 200% tariff on everything that you want to sell into the United States, so that if I win, John Deere is going to be paying a 200%."

"But if they're going to do that, we're going to put a 200% tariff on everything that they want to send back into the United States," he vowed. "Our country is going to make a lot of money, or they're not going to build – they're not going to open, and – or they're going to sell it to another country."
 
Last edited by a moderator:
evrheel said:

www.rawstory.com

Trump threatens to triple cost of John Deere tractors during event with farmers

Former President Donald Trump told farmers Monday that the cost of tractors could significantly rise if he wins the 2024 election.During a roundtable with farmers in Smithton, Pennsylvania, Trump concluded by noticing that his campaign team used John Deere tractors as props."I just noticed...
www.rawstory.com www.rawstory.com


"I just noticed behind me John Deere tractors," the former president said. "I know a lot about John Deere. I love the company. But as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico."

He continued: "I'm just notifying John Deere right now. If you do that, we're putting a 200% tariff on everything that you want to sell into the United States, so that if I win, John Deere is going to be paying a 200%."

"I just noticed behind me John Deere tractors," the former president said. "I know a lot about John Deere. I love the company. But as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico."

He continued: "I'm just notifying John Deere right now. If you do that, we're putting a 200% tariff on everything that you want to sell into the United States, so that if I win, John Deere is going to be paying a 200%."

"But if they're going to do that, we're going to put a 200% tariff on everything that they want to send back into the United States," he vowed. "Our country is going to make a lot of money, or they're not going to build – they're not going to open, and – or they're going to sell it to another country."
Click to expand...
That’s shockingly not capitalism.
 
We’re talking about a guy who has developed an “economic policy” of tariffs on everything will eliminate the budget deficit and allow him to virtually eliminate income taxes, so, no, he doesn’t get it at all OR he gets it but doesn’t care because his supporters don’t get it.
 
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As a reminder, here is how Trump responded to a query about how he will make childcare more affordable earlier this month (and yes it careens into magical thinking about tariffs):

“But I think when you talk about the kind of numbers that I’m talking about, that – because, look, child care is child care. It’s – couldn’t – you know, it’s something – you have to have it. In this country, you have to have it.

But when you talk about those numbers compared to the kind of numbers that I’m talking about by taxing foreign nations at levels that they’re not used to, but they’ll get used to it very quickly – and it’s not going to stop them from doing business with us but they’ll have a very substantial tax when they send product into our country.

Those numbers are so much bigger than any numbers that we’re talking about, including child care. That – it’s going to take care – we’re going to have – I – I look forward to having no deficits within a fairly short period of time, coupled with the reductions that I told you about on waste and fraud and all of the other things that are going on in our country.

Because I have to say with child care – I want to stay with child care – but those numbers are small relative to the kind of economic numbers that I’m talking about, including growth, but growth also headed up by what the plan is that I just – that I just told you about.

We’re going to be taking in trillions of dollars. And as much as child care is talked about as being expensive, it’s, relatively speaking, not very expensive compared to the kind of numbers we’ll be taking in.

We’re going to make this into an incredible country that can afford to take care of its people, and then we’ll worry about the rest of the world. Let’s help other people, but we’re going to take care of our country first.

This is about America first, it’s about Make America Great Again. We have to do it because right now we’re a failing nation.

So we’ll take care of it. Thank you. Very good question.“

amp.cnn.com

Donald Trump’s rambling answer to a child care question, deconstructed | CNN Politics

Former President Donald Trump and his running mate JD Vance were both asked essentially the same question while thousands of miles apart this week.
amp.cnn.com amp.cnn.com
 
evrheel said:

www.rawstory.com

Trump threatens to triple cost of John Deere tractors during event with farmers

Former President Donald Trump told farmers Monday that the cost of tractors could significantly rise if he wins the 2024 election.During a roundtable with farmers in Smithton, Pennsylvania, Trump concluded by noticing that his campaign team used John Deere tractors as props."I just noticed...
www.rawstory.com www.rawstory.com


"I just noticed behind me John Deere tractors," the former president said. "I know a lot about John Deere. I love the company. But as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico."

He continued: "I'm just notifying John Deere right now. If you do that, we're putting a 200% tariff on everything that you want to sell into the United States, so that if I win, John Deere is going to be paying a 200%."

"But if they're going to do that, we're going to put a 200% tariff on everything that they want to send back into the United States," he vowed. "Our country is going to make a lot of money, or they're not going to build – they're not going to open, and – or they're going to sell it to another country."
Click to expand...
How could any conservative support this idiot?
 
nycfan said:
As a reminder, here is how Trump responded to a query about how he will make childcare more affordable earlier this month (and yes it careens into magical thinking about tariffs):

“But I think when you talk about the kind of numbers that I’m talking about, that – because, look, child care is child care. It’s – couldn’t – you know, it’s something – you have to have it. In this country, you have to have it.

But when you talk about those numbers compared to the kind of numbers that I’m talking about by taxing foreign nations at levels that they’re not used to, but they’ll get used to it very quickly – and it’s not going to stop them from doing business with us but they’ll have a very substantial tax when they send product into our country.

Those numbers are so much bigger than any numbers that we’re talking about, including child care. That – it’s going to take care – we’re going to have – I – I look forward to having no deficits within a fairly short period of time, coupled with the reductions that I told you about on waste and fraud and all of the other things that are going on in our country.

Because I have to say with child care – I want to stay with child care – but those numbers are small relative to the kind of economic numbers that I’m talking about, including growth, but growth also headed up by what the plan is that I just – that I just told you about.

We’re going to be taking in trillions of dollars. And as much as child care is talked about as being expensive, it’s, relatively speaking, not very expensive compared to the kind of numbers we’ll be taking in.

We’re going to make this into an incredible country that can afford to take care of its people, and then we’ll worry about the rest of the world. Let’s help other people, but we’re going to take care of our country first.

This is about America first, it’s about Make America Great Again. We have to do it because right now we’re a failing nation.

So we’ll take care of it. Thank you. Very good question.“

amp.cnn.com

Donald Trump’s rambling answer to a child care question, deconstructed | CNN Politics

Former President Donald Trump and his running mate JD Vance were both asked essentially the same question while thousands of miles apart this week.
amp.cnn.com amp.cnn.com
Click to expand...
And no follow up question, like, “are you saying that childcare will be taxpayer-funded?”
 
‘Those numbers are so much bigger than any numbers that we’re talking about, including child care. That – it’s going to take care – we’re going to have – I – I look forward to having no deficits within a fairly short period of time, coupled with the reductions that I told you about on waste and fraud and all of the other things that are going on in our country.”

Yet he didn’t eliminate deficits “in a fairly short period of time” during the four years of his presidency. Why would anyone believe he will (or can) quickly eliminate the deficit now? Do these foolish voters think he’s magic?
 
farce© said:
‘Those numbers are so much bigger than any numbers that we’re talking about, including child care. That – it’s going to take care – we’re going to have – I – I look forward to having no deficits within a fairly short period of time, coupled with the reductions that I told you about on waste and fraud and all of the other things that are going on in our country.”

Yet he didn’t eliminate deficits “in a fairly short period of time” during the four years of his presidency. Why would anyone believe he will (or can) quickly eliminate the deficit now? Do these foolish voters think he’s magic?
Click to expand...
Well, most don't think and do believe in some form of supernatural intervention. It does cut down on the need to think and/or learn about natural laws and cause and effect since they are, in their world views, variables.
 
Trump is addicted to the idea that he can strong arm other countries into subsidizing America. Tariffs are just the new Wall. Mexico will pay. Foreign countries will be taxed like they've never seen but will continue to do business with us for some reason.

And I suspect that's some of his appeal to the MAGA chuds, who desperately wish they could strong arm other people into doing what they want and get frustrated when they fail. This accounts for a fair bit of the gender gap, I would think (though abortion is obviously the more obvious choice).
 
nycfan said:
We’re talking about a guy who has developed an “economic policy” of tariffs on everything will eliminate the budget deficit and allow him to virtually eliminate income taxes, so, no, he doesn’t get it at all OR he gets it but doesn’t care because his supporters don’t get it.
Click to expand...
We're talking about a guy who called Mike Flynn at 3am to ask him if a strong dollar was a good thing or a bad thing😲
 
Warthog4Ever said:
A buddy of mine shared this article which I found to be a great read on the history of tariffs.

hartmannreport.com

Why Trump Is Wrong & Alexander Hamilton Was Right About Tariffs

Just because Trump was conceptually right about tariffs (but terribly wrong in how he executed them) doesn’t mean we should all freak out at any mention of them...
hartmannreport.com hartmannreport.com
Click to expand...
Too bad it's mostly false. It's hard to take anyone seriously on the topic of tariffs when they don't even mention GATT. The U.S. was dismantling tariffs and non-tariff barriers since 1950. JFK asked for, and received, authority to conduct trade negotiations and the so-called Kennedy round of GATT negotiations produced significant reduction of barriers to trade.

Kennedy Round - Wikipedia

en.wikipedia.org en.wikipedia.org

This assclown -- who the fuck is he, by the way? -- apparently thinks "the rust belt" started under Reagan. It most certainly did not. American steel and car industries started going south in the 1960s and 1970s, not in 1980.
 
So all those workers at Honda and Toyota plants should be really excited about Trump now...

His John Deere tariff could have some blowback for him IMO
 
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