TARIFFS? What Tariffs?

During the campaigns there was some mention about bringing jobs back to the US and tariffs would be that vehicle.

Many promises were made on the trail to his many screaming angry mobs and tariffs were the major jest of those promises….

After the election which he won he threatened China, Canada, Brazil, Mexico and others with the imposition of tariffs on there exports to the US….all of which will raise prices on the working class it would be like a tax on stupid.

But recently there has been possible cracks in his stand…..

Trump is caving on tariffs, and he isn’t even president yet. I’ve argued previously that the interests of the business lobby and the rich would likely take greater precedence in Trump’s second term than they did in the first. But even I didn’t anticipate that Trump would surrender on the policy dearest to his heart before Inauguration Day.

The Washington Post headline was comically euphemistic: “Trump Aides Ready ‘Universal’ Tariff Plans—With One Key Change.” Such soft-pedaling didn’t fool the markets. News of Trump’s retreat prompted a favorable response Monday morning on Wall Street, with the struggling bond market rallying briefly and the overvalued dollar falling against other currencies. These moves reflected fleeting optimism that Trump’s economic policies would not be as disastrous as feared.

But that favorable response quickly reversed after Trump stated on Truth Social that the Post story “incorrectly states that my tariff policy will be pared back. That is wrong.” For good measure, Trump labeled the story, by the Post’s excellent Jeff Stein, “Fake News.” This well-worn phrase is, typically, Trump’s “tell” that a news story that irritates him is quite accurate, but the markets weren’t subtle enough to register that.

Trump campaigned on a pledge to impose across-the-board tariffs of 10 to 20 percent on all imports. Everybody except Trump, including his economic team, recognizes that this would be ruinous for the economy, raising prices (Kamala Harris was quite right to call the tariff proposal a national sales tax) and provoking retaliation from the roughly 200 countries with whom the United States trades.

https://newrepublic.com/article/189896/trump-already-caving-tariffs

Interesting, yes?

If he actually caves on the tariffs thing how many of his other horrible ideas will he do so as well?

Will any of his masses actually notice that he is waffling?

Just a thought.

I Read, I Write, You Know

“lego ergo scribo”

9 thoughts on “TARIFFS? What Tariffs?

  1. Presumably someone sat him down and told him how tariffs actually work. I doubt he understood that when he was making election pledges. He is not a clever man, let’s face it.

    Best wishes, Pete.

  2. “His” masses are, for all practical purposes totally blinded to all reality. They live in an alternate reality of their own construct.

    1. You’re right, John. They live in an alternative universe where things like facts are strange and mysterious things that can change on a moment’s notice depending on what their cult leader tells them.

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