I’m sad there won’t be a, “big reveal,” where Trump says, “gotcha, bitch!” It’ll just be a bunch of idiots wondering why things are still getting more expensive because of Biden. Ugh, I picked the wrong presidency to stop drinking.
1st semester economics clearly states that tariffs is a weapon that should not be used. Once used expect a similar move from the opponent. It is always a lose-lose.
Embarrassing that the Mexican President has to send a letter to Trump explaining this.
You should also state why Eric is saying it now. It’s to brainwash the base about the tariffs by suggesting the lies about Canada and Mexico to justify it
Tariffs have the salutory effect of pushing Chinese suppliers to Indonesia or the Philippines. That is a good thing. And if $150 billion for Ukraine is a “cheap investment” to defeat Russia, why isn’t the same true for the transition away from China?
For strategic reasons we need to reduce our dependence on China and rebuild our manufacturing base. This will take time and be expensive. Prices will go up.
The alternative - remaining reliant on our main strategic rival - is worse
This economics textbook would have to contain lots of color illustrations with graphs and charts or Trump would quickly lose interest. Something suitable for the 4th grade level.
I get the whole “never attribute to malice what can be attributed to stupidity,” but it’s malice. They’re exploiting the system and we need to stop treating them like they’re dumb. It’s hurting the left as a whole.
Tariffs 👏🏻 are 👏🏻 taxes 👏🏻 on 👏🏻 consumers 👏🏻 not 👏🏻 foreign 👏🏻 governments. The irony is that the people who’ll bear the brunt of this policy are the very ones being told it’s in their best interest.
The purpose of the federal government is “…to establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.” These goals are achieved through government spending.
There was a great clip from Ferris Bueller's Day Off that has Ben Stein explaining about tariffs and the Hawley Smoot Tariff Act pushing the US deeper into the great depression. In other words, it's High School level economics, and it's explained clearly enough in a pop-culture classic.
I'm 100% convinced they know full well what the tariffs will bring. they're just never planning on actually acknowledging the connection when prices go up, but just blame something else. The sad thing is their base will eat it up regardless
Honestly the trade off of having to see Trumps face for another 4 years in exchange for MAGA suffering through a second Great Depression seems almost kinda worth it 🤷♂️
Consider this though: some things which are now easy to just import are so because they are made with poorly-paid foreign labour. The public has two choices: pay higher prices for more expensive imports or pay a higher price for products made domestically for a fair wage.
Musk used his money to disrupt the election. His involvement with DOGE will enable him to take advantage.
Tariffs will disrupt trade and potentially America itself. Who is in a position to take advantage?
Surely they know what tariffs are. I feel like there is something else they are plotting in the background- and it is corrupt. But Maga loves hearing that we are punishing China yaay!
I do not believe for one second if an item is higher priced because it’s from Mexico that American companies selling the same items won’t raise their prices as well. We need to be cognizant of that and watch and report.
Both will be paying, american consumers and country-importer.
"Imposing tariffs on Canadian steel will have tremendous impact across many sectors such as auto, energy and construction, making everything more expensive to the American and Canadian consumer,"
~Flavio Volpe, president APMA
Trump will not enact tariffs. He will find some way to make some small change and then call it a tariff and a win. I hate the fact that I think the tariffs might the best thing to break this hold the extremists on republicans. It has to be painful enough.
Get Econ book while you can. The next edition will be about how great Trump is and have the pledge in it. It will also give economics in the view of the Bible
In 2018, Trump's tariffs started a trade war. US exported soybeans to China tanked. US instability pushed China to pivot to Brazil for more soybeans. China also chose to diversify to prevent dependency on the US by reducing soy in animal feed and growing GMO soybeans. $1 trillion loss and counting..
So let me see how it works, you slap a tariff on us, we slap a tariff on you, prices go up, nobody buys anything cause it’s too expensive and the govt then subsidizes the companies for loss of sales and lays employees off and pays more unemployment insurance.
Hi David, you should discuss how Donald Trump Jr just purchased nearly 4000 acres of forest land in Maine.. all right around the time the tariffs on Canada (a main exporter of lumber) are announced. Corruption much?
Dear David, with tears in my eyes I cometh to thee and remind thee... The MAGA people don't even read and/or comprehend the "Holy Book" they claim to adhere to...
What would lead you to believe they care about economic textbooks? xD
His idjit father STILL thinks tariffs are a kind of tribute other countries pay you.
The ignorant white trash apple doesn't fall far from the ignorant white trash tree.
If you noticed they lost control of the naritive when tictok come to town, you can tell they have now gotten control again and your tictok is not as informative as it once was. So I don't suspect they will get rid of it. In fact, they will encourage it now.
They know exactly who is going to hurt and who’s going to be given a pass to jack up prices.
They’re funneling money from working class Americans to foreign entities who probably either paid them or gave them investment permission or some other quid pro quo.
My God, stop acting as if the trumps don't know what tariffs are,
They know, but the billionaires are missing their inflation era price gouging, so the tariffs will fill that gap for them. They have to raise prices 20% but they will easily do 30%
Eric Trump is a idiot just like his clown farther. I’ve never used twitter or any chat forms but I plan on following you on this platform. Enjoy watching you on YouTube.
Just watched that - almost made me regret deleting twitter so I could have seared him (not that he would have been able to read my response). As stupid as his father, brother and 49.8m Americans.
Obviously tariffs will make imports more expensive, but do you really think this anti-tariff stance is wise for Dems? Workers have been fucked by free trade, NAFTA hugely unpopular. Do Dems want to become the party of global free trade now?
Macro Economics 101:
Broad tariff increases result in higher prices, unemployment & increased inequality. If there is a significant trade deficit this is magnified & can cause catastrophic results.
Summary:
Applying broad Tariffs is to the economy like injecting bleach is to your body.
He is not the sharpest tool in the shed but “his father”
will find him a position somewhere anyway. He loves to say “my father “
“my father “ I wonder if daddy pays him every time he says “my father”
Trump supporters would sooner listen to lifetime grifters lying to them about economic policy rather than educated people with MBAs or BSs in business that know what those policies do. SAD
That's just mean. You know full well that Eric Drumpf is going to struggle with all those really big and confusing economic words like 'equilibrium' and 'autarky'... 😁
Speaking of the DUMBing down of America. Proud to share that where I live 🇨🇦 neither EDUCATION nor MEDICINE are for profit. 🇨🇦Uni of Toronto's Dr. Banting+2 discovered Insulin, didn't patent bcuz life-saving medicine shouldn't be sold at profit. US is ONLY country that sells it at OUTRAGEOUS cost.
He is an absolute tool who can't comprehend any logical thoughts or understandings of how a terrific works and can not relate to anyone that will be effected by them. #livesinabubble
Just terrible that us Americans lost focus on this issue. Sad part is many Trumpers had no idea what a tariff is......... in other words Maga F.O.F.O period.
I know this is not a nice word anymore, but are Trumps all fucking retarded?
I know the people who voted for DJT certainly are. I'll stop. I promised my wife I would.
Trump always talks about billions. The only number he works with/knows. Every one else cost USA billions of billions, but he is gonna make billions of billions and save all americans. Just don't like that old man.
Comments
1st semester economics clearly states that tariffs is a weapon that should not be used. Once used expect a similar move from the opponent. It is always a lose-lose.
Embarrassing that the Mexican President has to send a letter to Trump explaining this.
This kindergarten economy
For strategic reasons we need to reduce our dependence on China and rebuild our manufacturing base. This will take time and be expensive. Prices will go up.
The alternative - remaining reliant on our main strategic rival - is worse
Willfully ignorant I guess.
Futures priced beyond their worth,
Echoes of defeat.
Uber disrupted taxi service. Now they're raising prices and taking advantage.
Tariffs will disrupt trade and potentially America itself. Who is in a position to take advantage?
"Imposing tariffs on Canadian steel will have tremendous impact across many sectors such as auto, energy and construction, making everything more expensive to the American and Canadian consumer,"
~Flavio Volpe, president APMA
What would lead you to believe they care about economic textbooks? xD
The ignorant white trash apple doesn't fall far from the ignorant white trash tree.
They know exactly who is going to hurt and who’s going to be given a pass to jack up prices.
They’re funneling money from working class Americans to foreign entities who probably either paid them or gave them investment permission or some other quid pro quo.
They know, but the billionaires are missing their inflation era price gouging, so the tariffs will fill that gap for them. They have to raise prices 20% but they will easily do 30%
THIS IS ON PURPOSE
Broad tariff increases result in higher prices, unemployment & increased inequality. If there is a significant trade deficit this is magnified & can cause catastrophic results.
Summary:
Applying broad Tariffs is to the economy like injecting bleach is to your body.
Sadly we will.
will find him a position somewhere anyway. He loves to say “my father “
“my father “ I wonder if daddy pays him every time he says “my father”
What he lacks in intellect he more than compensates with commitment.
I know the people who voted for DJT certainly are. I'll stop. I promised my wife I would.
Think about the most average-intelligent person you know.....Then accept that 1/2 the country is dumber than that guy.