Trump still hasn't figured out tariffs are a tax on consumers | Trump announces “External Revenue Service”

[ChileG]

I mean, we have MAGAs giving Trump props for merely talking. The fact that he is saying stuff that will actively hurt Americans in real time doesn’t seem to bother them.

 

[heelinhell]

Trump's use of tariffs have been beneficial in some regards. The stated use and the actual use haven't aligned and I suspect they won't this time. Where I disagree with him is in his use of tariffs as a threat, and the first line of negotiating at that. I don't think he will use them as he publicly states. Say what you want about him but he did major in economics at Wharton. I'm not claiming that made him an expert, but he does understand the negative effects indiscriminate use entails. When all is said and done, I don't think we will see tariffs used in a shotgun manner other than with china.

Yeah, he is an economic genius

The Trouble With Trump's 3 a.m. Phone Call

The president pondered a reasonable economics question—but who he reportedly dialed for answers raises questions of its own.

www.theatlantic.com

 

[finesse]

I find it interesting that he couldn't get accepted at USC where he wanted to go when he was a rich white male applying to a school that, at the time, was taking about 70% of their applicants but managed to transfer into a school that took less than 30% after a relative called in a personal favor from an ex room mate. I'm sure that bachelor's degree he has was well earned.

 

[farce©]

And his rationale isn’t because they are engaged in unfair trade practices, but “because the two countries were allegedly allowing "vast numbers of people" and fentanyl into the U.S.”