701–710 of 931 posts
Time to just call these tariffs: sales tax. Extra money for the government on all goods imported are taxes. The rest of the complexity distracts from the basic cash flow and the inevitable results. More money spent and consumed by the government.
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I wasn't talking about Trump specifically, or even conservatives. Everyone on both sides automatically thinks the worst about everyone on the other side these days, usually just to score some internet points. It's a terrible way to go through life. We should show a little grace sometimes.
This dumb bothsiderism take is exactly the reason for the shitstorm hitting US right now. People really need to stop sane washing everything he says and try to actually have an objective glance at him and take him for who he is: a con man. He made a majority of conservatives as goddamn fools, voting against their own best interests because he said he'll punish the right people. Spoiler alert: he instead concentrated…
Has the Proton CEO acknowledged just how farcically off base he was when he said the GOP was the party of small businesses?
The thing that’s really been getting to me, is that, I’m liberal, not pro-Trump, but the MAGA American heartland story has been really getting to me. I want to see small business, manufacturing, small town American succeed. And there’s some part of me that thought maybe Trump, as much as I don’t like him, is the thing that is needed to make that happen, but man it seems like he’s really fucking over the people who su…
Labor and industries are specialized just like agriculture is. Fighting to redomesticate labor is a bit like fighting to produce bananas at scale in the USA: It’s just not practical and will cause harm to the broader economy.
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The articles you've linked are about threats of 10% to 25% tariffs in the context of active trade negotiations between the US and China. Here, there's an actually imposed tariff of 145% and no talks at all as far as has been reported. It's not the same situation.
It’s a different situation because the numbers are different even though so far the outcomes are the same. Am I reading that right?
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Universal import taxes on everything make no sense. If you want to protect strategic production, you apply selective tariffs to support that local production while ensuring it can ramp up and import what it needs until it becomes self-sufficient. Most countries, the US included, have used selective tariffs for this purpose. Applying a blanket tax on every type of import just increases inflation, as you can't possibly…
Really the way to do it, AFAIK (say, per How Asia Works ), is to apply selective subsidies , not tariffs, and to subject the subsidized industries to substantial export discipline . That's what gets you South Korean world-beaters. Autarkic tariffs just get you Indian industry, where consumers have learned that the few goods marked "export quality" are superior. And, I don't want to be partisan about this stuff, but,…
Tariffs are/can be effective, you're just not supposed to tariffs everything on a whim.
Is nice that my family's small business is set to get absolutely crushed by tariffs at the end of the month while large tech companies are exempt. Thank goodness for America first policies. So cool. Very cool.
From an outsider’s perspective, it’s difficult to discern any coherent U.S. strategy—assuming one even exists. One day it’s a 145% tariff on China. The next, it’s “Well, it’s still 145%, but Apple and Nvidia are exempted because their stock prices might take a hit.” Then comes a 90-day pause, adding to the confusion. It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thoug…
Him and his cronies know when that flood is coming and can profit from it.
It's only confusing if there is any expectation that he is working for the good of anyone else.
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Too bad! Insider trading, as a crime, requires that the information be nonpublic material information. You can join Truth Social and follow Donald Trump, so that makes the information public. It actually is that broad. Futures traders often rely on industry-specific periodicals, which are “public”. Same for anything in the (high monthly cost!) Bloomberg terminal. So posting on a specific social media platform, where…
Except he didn't announce anything. He said "a good time to buy" which may be code language that his friends understand.
I’m not seeing anyone discuss this here, so I figured I’d raise an important point: this style of tariffs is crushing for US manufacturing. While a universal tariff with no exceptions incentivizes domestic manufacturing, a selective tariff with specific industry exceptions is absolute poison. You might think, as the authors of this exemption did, “well then we will exempt computer parts.” Then people will simply impo…
Universal import taxes on everything make no sense. If you want to protect strategic production, you apply selective tariffs to support that local production while ensuring it can ramp up and import what it needs until it becomes self-sufficient. Most countries, the US included, have used selective tariffs for this purpose. Applying a blanket tax on every type of import just increases inflation, as you can't possibly…
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> Your computer parts factory likely runs using a large amount of imported raw materials, imported machines, and imported tooling, and there are no tariff exemptions for those broad categories… so you’re screwed. All the planning charts and demolition orders have been on display at your local 24/7 news feed for more than eight years, so there’s no point in acting surprised about it. You’ve had plenty of time to lodge…
> crypto scam on his supporters It absolutely blow my mind that that was just "Friday", and not the biggest scandal in Western political history. "It's just Trump being Trump, move on, move on, nothing to see here, no consequences for anyone..."
I wonder how many of his supporters bought at $70 ...