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Posted (edited)
Quote

Ben Casselman
April 2, 2025, 4:40 p.m. ETJust now
Ben CasselmanEconomics reporter

I’m not sure I can convey just how unusual this speech is as a means of communicating a major policy announcement. Reporters, investors and economists are all squinting at screen shots of the chart Trump was holding up, trying to discern what it means for trade policy.

 

Quote


April 2, 2025, 4:41 p.m. ETJust now
Alan RappeportEconomic policy reporter

Trump is making the case that experts have been wrong about Nafta, China and his first term tariffs and that they will be wrong again about his current trade actions.

 

Edited by SimonBolivar
Posted
Quote

I’m not sure I can convey just how unusual this speech is as a means of communicating a major policy announcement. Reporters, investors and economists are all squinting at screen shots of the chart Trump was holding up, trying to discern what it means for trade policy.

 

Posted
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April 2, 2025, 4:42 p.m. ETJust now
Jeanna SmialekBrussels bureau chief

For the E.U., one of America’s most important trading partners, that 20 percent tariff is going to be painful. over the past week, I had been hearing expectations for anything between 10 and 25 percent from officials and staffers, but this is clearly at the upper end of the range that was expected.

 

 

Posted
This fucker is having trouble reading the teleprompter 

This always cracks me up, because, as far as the actual stated purpose of tariffs, the more $ we collect simply demonstrates how those tariffs are NOT working. The purpose is to decrease import purchases, DOTARD.
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Posted
3 minutes ago, scottsins said:


This always cracks me up, because, as far as the actual stated purpose of tariffs, the more $ we collect simply demonstrates how those tariffs are NOT working. The purpose is to decrease import purchases, DOTARD.

He scoffs at your "logic".  Pshaw.  

 

Posted
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April 2, 2025, 4:48 p.m. ETJust now

Ana Swanson

International trade reporter

Eswar Prasad, a professor of trade policy at Cornell University, calls this “an abrupt end” to an era of free and extensive international trade based on a rules-based system built by the United States. “Rather than fixing the rules that many U.S. trading partners admittedly took advantage of to their own benefit, Trump has chosen to blow up the system governing international trade,” he says.

 

Stupid commie professor

Posted

Honest question… the ‘plan’ is tariffs generate enough rev to the point we can cut federal income tax. If he could snap his chubby little fingers and bring every industry/factory/good home, doesn’t that mean income tax would have to go back up since tariffs are zero?

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Posted

He's not thinking that far ahead.  Plus he probably still doesn't understand what tariffs are and likely everyone around him is too afraid to correct him. 

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Posted
9 minutes ago, bluto said:

Honest question… the ‘plan’ is tariffs generate enough rev to the point we can cut federal income tax. If he could snap his chubby little fingers and bring every industry/factory/good home, doesn’t that mean income tax would have to go back up since tariffs are zero?

Not if in that time you destroy the entirety of the federal government.

Posted

You all are playing 3D chess. He is playing 8D.

See, you invite all the billionaires back to the US and their companies. You know, t-shirt, widgets, etc. If non-US they buy for a Trump Visa and another bit for a membership to one of the resorts.

Then you cut all the taxes they have to pay, and in investment deals.

See, they will be bringing in trillions of, oh shit.

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Posted

You guys raising valid questions about federal revenue, recall Grover Norquist's quote from 20+ years ago, "My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub." And, then, remember Steve Bannon vowing the "destruction of the administrative state." These people are crazy assholes.

So, yeah, get rid of income taxes, raise revenue through tariffs as an inadequate substitute, and kill the federal government, leaving all power to the states.

We're still fighting the Civil War, fellas.

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Posted
8 minutes ago, bolverk said:

You guys raising valid questions about federal revenue, recall Grover Norquist's quote from 20+ years ago, "My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub." And, then, remember Steve Bannon vowing the "destruction of the administrative state." These people are crazy assholes.

So, yeah, get rid of income taxes, raise revenue through tariffs as an inadequate substitute, and kill the federal government, leaving all power to the states.

We're still fighting the Civil War, fellas.

Make The Articles of Confederation Great Again!

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Posted
3 minutes ago, SimonBolivar said:

Stupid commie professor

All of this because we have a breathtakingly stupid man who thinks that every transaction must have a winner and a loser.  There is literally no such thing in his mind as a mutually beneficial transaction.  My trip to HEB to purchase a gallon of milk this afternoon is no exception: either I'm fuckin getting ripped off, or HEB is getting fucked.  In no world is it possible that I am happy to end up with HEB's gallon of milk, and HEB is happy to get my $3.50, in a transaction of mutual benefit.

When the concept of "mutually beneficial trading relationship" is completely off the table and beyond your conception....then everything is absolutely going to end up FUCKED.

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Posted
24 minutes ago, bluto said:

Honest question… the ‘plan’ is tariffs generate enough rev to the point we can cut federal income tax. If he could snap his chubby little fingers and bring every industry/factory/good home, doesn’t that mean income tax would have to go back up since tariffs are zero?

The poors don't pay income taxes now.  Hell, the lower middle class barely pays any.

Yet, they'll be paying the brunt of the tariffs for the tax cuts the rich get.

Trump will then blame immigrants.

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Posted
Just now, Aqua Buddha said:

The poors don't pay income taxes now.  Hell, the lower middle class barely pays any.

Yet, they'll be paying the brunt of the tariffs for the tax cuts the rich get.

Trump will then blame immigrants.

and Biden. and probably Hillary somehow

Posted

ATTN Wal-Mart (and other clothing store) shoppers:

 

Quote

Bangladesh might be one of the countries hit hardest and most painfully by Trump’s actions today. The country, the world’s 10th most populous, has been in crisis since its political leadership was ousted last August. Its factories make mountains of clothing and have sold in recent years about a fifth of the total, some $7 billion a year, to the United States. The new tariff of 37 percent, whether or not it’s added to the existing rate of 15 percent, is about to make “Made in Bangladesh” a lot costlier on American racks and rarer.

 

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Posted

He wants to be able to demand bribes to lift the tariffs. He even talked about how he was anticipating phone calls immediately after the speech was over. He’s going to be disappointed when he discovers that everyone else just makes fair trade agreements amongst themselves.

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Posted

Also, the one "upside" to tariffs I can think of is that our currency should get stronger.  Cool, I need to do a lot of transactions in British pounds, this should be great!  Except....the dollar has consistently gotten weaker.  I could buy a pound for $1.23 on inauguration day.  Today, it costs me $1.30 and climbing.

Under Trump, all roads lead to Fuck It Avenue in the middle of Shitville.

Posted
5 minutes ago, The Royal We said:

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                                                                                                    9pjbu6.jpg

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Posted (edited)
2 minutes ago, Doc Sam Beckett said:

What the fuck is going on in this country that the GOP is still a functioning party? Fuck Fox News

 

 

When you understand that the goal is nothing less than the complete destruction of the United States of America in its current form, so that it can be reshaped into the Republic of Trump, ruled by the House of Trump for Eternity, then these all make sense.  And no, I am not being hyperbolic here at all.  This crowd has an openly stated goal of turning us into an autocratic oligarchy, and they've chosen their autocratic House.  This is being done to achieve that goal.

Y'all talking about the 2026 elections are fooling yourselves.  I don't think we make it as a going concern that long.

Edited by Brisketexan
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Posted
9 minutes ago, Brisketexan said:

 

Under Trump, all roads lead to Fuck It Avenue in the middle of Shitville.

I've been to Shitville. You take Hershey Highway to get there and cut through the tunnel called the Lord's Procedure. After that the road widens and it's easy sailing from there. You should hit up NowThis if you go. Heard he moved there awhile back.

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Posted
1 minute ago, Doc Sam Beckett said:

What the fuck is going on in this country that the GOP is still a functioning party? Fuck Fox News

 

 

This admin does not give a shit about the market. It gives a shit about the people who are so rich they are insulated from what happens, and they give a shit about seducing people who aren’t directly invested in the market and are too ignorant to understand what this does to them.  
 

A “knowledge economy” worker with a 401k doesn’t matter to this GOP.  “Knowledge” is the operative word as that is a profile trending away from the GOP.  Lots of their leaders have remarked that they are the low-info and low-propensity voter now as borne out in the special elections. 

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Posted

Odds that Trump audibly giggled to himself when he heard McDonald Islands, picturing the hamburglar chasing around a bunch of sentient french fries?

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Posted
9 minutes ago, aggie08 said:

Odds that Trump audibly giggled to himself when he heard McDonald Islands, picturing the hamburglar chasing around a bunch of sentient french fries?

I'm surprised he didn't attempt to annex them

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Posted
55 minutes ago, Francisco 2.0 said:

ATTN Wal-Mart (and other clothing store) shoppers:

 

 

Yeah, this will kill the apparel people.  A lot of them had moved to Vietnam in recent years and he slapped them with a 90% tariff today.

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Posted
1 minute ago, Aqua Buddha said:

Yeah, this will kill the apparel people.  A lot of them had moved to Vietnam in recent years and he slapped them with a 90% tariff today.

Which will kill the poors. Maybe now they won't be poors.

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Posted
22 minutes ago, aggie08 said:

Odds that Trump audibly giggled to himself when he heard McDonald Islands, picturing the hamburglar chasing around a bunch of sentient french fries?

That’s why he wants Greenland so bad 

Posted
1 hour ago, StassneyHorn said:

Single best speech I've ever heard. I will be investing tomorrow and if you idiots dont want to stay poor, you will too.

Well I wasn’t poor to start with

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Posted
Any tariffs on Russia? No? Shocking 

I think they would be subject to the blanket global 10% tariff, but yeah, nothing even remotely close to what we are doing to the EU, etc.
Posted
3 minutes ago, scottsins said:


I think they would be subject to the blanket global 10% tariff, but yeah, nothing even remotely close to what we are doing to the EU, etc.

Well, of course.  The EU is our enemy, Russia is our ally.

For fucking real.  That's the world we live in, as of this moment in time.  Fucking insane.

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