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

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CFordUNC said:
If only we had these weird little things “data” that show that illegal border crossings have been at a five-year low this year under the current administration, and if only we were able to look back to five years ago to determine who was the president at the time….
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The really astonishing fact is how effective Biden was at apprehending border crossers, compared to both Pub and Dem administrations in the past.

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Enigma94 said:
MAGA has decided that the pandemic never happened. Just another in a long line of alternate realities they live in.
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But it only never happened under Trump. Biden, Fauci, etc. should hang from the gallows for their mismanagement of the pandemic, however.
 
sringwal said:
But again, what if they call his bluff. What does Trump do then? Because "solving the border crisis by requiring Mexico to pay for the wall" didn't work last time, and they are coming to the table with a much better plan this time.

Keep in mind, Trump plays a very short game (it's why he gets a diplomacy handicap). He just has to look like a winner until he dies. That's his aim. Countries like Mexico and Canada simply aren't interested in encouraging bad behavior from their already volatile sibling.
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Trump will just claim that he got what he wanted. We all know he will outright lie if that benefits him.

The real news networks will report that it is a falsehood (aka a lie) but nobody in the cult will see it.

If we got lucky, Canada and Mexico would just state that they made no changes to satisfy Trump but they won't because the conflict will be resolved.
 
Like I said, Americans are already suffering financially due to Trump’s stupid threats. So up until now, we have been a net loser for this.
I don’t want to hear what MAGAs think will happen in the future.
Just let me know when the positive impact happens. In the meantime, I’ll continue to update the MAGAs on the economic harm he is doing.
 
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So Chuck Grassley gave an interview to Politico, in which he said that Trump's tariffs are a "negotiating tool" but he was concerned about a trade war.

What is wrong with these people? The first rule of negotiating tools is that you don't talk about your negotiating tools. I mean, what kind of an idiot broadcasts their negotiating tactics and then expects them to be useful?

Party 1: We propose to pay $30M
Party 2: We want $50M
Party 1: Not a chance. We'll go up to $32M
Party 2 [taking out a gun and pointing it at 1's head]: if you don't agree to 50, I will shoot you through the head.
Party 1: Whoa, isn't that a bit extreme?
Party 2: Well, it's actually not loaded. It's a negotiating tactic. So, $50M it is?
Party 1: Best and final offer: $30M.

This is basically what Grassley says is going to happen. What the fuck is wrong with them?

 
ChileG said:
New home sales plummet to 2 year-low due to rising interest rates, which are rising because of this dumb tariff talk.
Let me know when the good times begin.
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And just think how great the housing market will be when the tariffs impact the housing supply chain and the deportations hit the labor pool.
 
Only Dem economists, legacy media and this board are freaking out about Trump’s tariffs. The market was up about 125 pts today.

Oh and Trudeau called our Leader today to pledge his country’s cooperation on a number of issues.
 
WSJ:

What Trump’s New Tariff Threats Mean for the U.S. Economy​

If president-elect follows through, consumers and businesses are likely to see prices rise on everything from fresh fruit to electronics​



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“… The tariff threat upends the forecasts of many economists who have been assuming that the duties Trump will impose wouldn’t be nearly as high as what he pledged on the campaign trail.

… On Tuesday, economists at the Budget Lab at Yale reworked their estimates of how tariffs under Trump might affect the economy.

Tariffs of 25% on Canada and Mexico, and 10 percentage points added to existing tariffs on China, with those countries imposing retaliatory tariffs, would raise U.S. consumer prices by 0.75% next year, according to the Budget Lab. That estimate drops to 0.65% if households substitute purchases toward domestically produced or lower-tariff imported options. That would amount to more than $1000 in lost purchasing power per household, in 2023 dollars.

If the tariffs against Chinese goods were layered on top of the 60% Trump has already threatened, versus existing tariffs, the estimated inflationary effect would be higher. Beyond raising the prices that Americans pay for goods, higher inflation could lead the Federal Reserve to cut interest rates less than expected in the year ahead. That would keep rates on credit card balances and other loans higher than they otherwise might have been. …”
 
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