• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Trump says he is about to raise tariffs as high as 70% on some countries

Allan

DP Veteran
Joined
Sep 30, 2019
Messages
55,753
Reaction score
85,197
Gender
Male
Political Leaning
Liberal
This just gets crazier and crazier. I'll point out why below.


That's not even the craziest bit.

Bessent indicates there's 100 deals..


Bessent contradicts Trump’s earlier claims of success...

“I’ve made all the deals,” Trump said in a Time interview in late April, saying trade negotiations with foreign partners were nearly complete. “I’ve made 200 deals.”
Click to expand...

In a TV interview he also said he's "100% made 200 deals".

But wait maybe not...


He also keeps repeating that there are 200 countries.

 
Damn, wish I knew which stocks to buy on the dip next Tuesday.

Any advice?
 
It's going to be in-flux and on-going for months, maybe even years. That's the nature of trade. We can deal with it, they can deal with it. In the end it's a win-win for everyone except maybe China. Wall Street knows this and has moved on.
 
I’m not convinced that ‘TACO mode’ won’t continue for quite a while on (various) tariff ‘deadlines’, as it has for the (coming soon?) TikTok ‘deal’.

 
MAGAnificent said:
We have it covered.
Click to expand...
Your boy doesn't know what the **** he's doing. Yet you'll back every changing story as he careens about with US and world economies.

You think Trump 100% made trade deals with 200 countries.

You also believe he can't make trade deals with 200 countries in the time allotted.

You also believe there are 200 countries.

And you believe there's no contradiction in the three statements above.
 
We very much enjoyed watching your prime minister cave on the digital services tax.
 
I have here in my hand a list of two hundred and five countries that were known to the Secretary of Commerce as being members of our new trade deals...
 
The Germans were always going to end up as Nazis due to their beliefs. Americans were always going to end up with the GOP because of their beliefs. We are screwed to what is eventually us going to become a Christian Saudi Arabia.
 
He's not raising tariffs on any countries other than the United States. He's raising tariffs - taxes - on imported goods, to be paid by American importers, and which will be passed on to their customers - Americans.
 
BabaVoss said:
He's not raising tariffs on any countries other than the United States. He's raising tariffs - taxes - on imported goods, to be paid by American importers, and which will be passed on to their customers - Americans.
Click to expand...
Every American should understand this by now yet we still see comments like Post 6.
 
bythoughts said:
I have here in my hand a list of two hundred and five countries that were known to the Secretary of Commerce as being members of our new trade deals...
Click to expand...

That’s making the 2 billion US family farmers nervous.

At the 'patriotic' gathering, Trump told audiences, "Very importantly for Iowa, this bill rescues over 2 billion family farms from the so-called estate tax or the death tax."
Click to expand...

Trump 'loses it' as he claims 2B farms have been rescued and outright lies

Speaking at the 'Salute to America' event in Des Moines, Iowa, Donald Trump alleged that a staggering amount of farms had been saved and repeated the false claim that no tax on Social Security is included in the bill
www.irishstar.com
 
This continued uncertainty about tariffs, deals, and therefore prices is only going to contribute to continued uncertainty that will have negative impacts on the economy and growth.
 
That orange moron is a waste of oxygen.
 
dmpi said:
It's going to be in-flux and on-going for months, maybe even years. That's the nature of trade. We can deal with it, they can deal with it. In the end it's a win-win for everyone except maybe China. Wall Street knows this and has moved on.
Click to expand...
Do you not understand that any tariff on imports is going to cost you that percentage more? If you're paying $100 for whatever, 70% of that is $70 dollars extra that you will pay for the privilege of supporting the White House cretin and his idiotic tariffs. They failed the last time he tried the same stunt, and they'll fail again.

U.S. tariffs on China have failed miserably - Reason Foundation

Instead of extending these failed tariffs and trade policies, they ought to be repealed.
reason.org
 
Well, this is great if the goal is to shut down trade and cause bare store shelves.
 
The American consumer is not the universe. Look at the big picture: 1) Money don't disappear or vaporize. Tariffs just go to fund the government, thus lessening the need for other tax revenue sources. and 2) Trillion dollar trade deficits are unsustainable over the long term and they signal that other countries should be growing and investing in their own consumer class so the USA has more places to export.
 
Suddenly I’m in the mood again for Tacos.
 

1) Tariffs are a regressive tax on the working class at a time when the average working class person is having their quality of life destroyed and cost of living increased. Blanket tariffs are, in this context, a form of total class warfare. They are not guaranteed to even increase total revenue, and even then, this administration is intent on using our tax dollars NOT to help Americans, but to fund the most oppressive parts of government while also cutting taxes for billionaires.

2) There is absolutely nothing inherently wrong with running a trade deficit, but if that's the metric you want to go by, both Trump's tariffs in his first term and this term are now exacerbating it, on top of creating job losses.

It's wild the amount of bullshit talking points you people will manufacture out of thin air in order to justify policy that is universally recognized as stupid by actual economists all across the spectrum.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…