Trump’s tariffs…..chaotic, confusing and incomprehensible.
Yes, I write a lot about tariffs. I am no economic expert but the training I have had leads me to write about the ill-conceived economic plans around tariffs.
The end game of tariffs is that the consumer foots the bill imposed by idiots that use tariffs to further their own wallet expansion.
In the first few weeks of his administration Donny arbitrarily hit almost every country with some sort of tariffs, ranging from 125% to about 19%, and sine those awful days he has steadily walked back some those tariffs and now he has a new plan….
President Donald Trump has declared that the U.S. will be independently setting new tariff rates on several trading partners, bypassing the need for individual agreements.
What Happened: Trump announced during a meeting with business executives in the United Arab Emirates that new tariffs would be introduced within the next two to three weeks. Trump stated that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will be informing the relevant parties by “sending letters” about the new tariffs and the associated costs for conducting business in the United States, reported the Financial Times.
Trump noted that while there were “150 countries” interested in striking deals, it was not practical to meet with all of them. His administration has already reduced many of the tariffs announced on April 2 to 10% for a 90-day period.
(benzinga.com)
So the “Liberation Day” plan is a bust and now they are rethinking their stupidity and coming up with a new plan…..
On Friday, Trump claimed about 150 countries would soon receive letters “essentially telling” them of new US duty rates on their exports. Many learned of similar rates last month, only for the plan to change in a matter of days.
A new chapter, without pomp or ceremony, is now under way. What this one will entail – or how long it lasts – is anyone’s guess.
https://www.theguardian.com/us-news/2025/may/17/trump-liberation-day-tariff-walk-back
We wait for the release of this generic letter to see how it will effect our economy and as usual they details are kept from the public for we do not need to know where our income will go….we should just take the word of proven liars….well you may but I refuse to do so.
I Read, I Write, You Know
“lego ergo scribo”
There are still tens of millions of people in America who believe that Trump was actually shot in the ear by a bullet from an assault rifle. Those same people will carry on believing they have been ‘liberated’, I’m sure.
Best wishes, Pete.
Yep and his lies make no difference as long as he keeps spouting crap they will worship chuq
That was so staged…oh the hand behind the ear. oh look look blood. yewwww. Dive For Hiding. Shoot poor fool who went along with it. Oh oh. look. Save the President. Im still wondering how a bullet hit him so neatly BEHIND the ear, from that angle…
Judy there are many questions on that ‘assassination’ attempt……it did look a bit phony at least to me. chuq
The weaponization of tariffs is a completely stupid idea and will do nothing but backfire on the usa.
I agree chuq
He is also coming unraveled about “immigrants” and trying to “make america white again’. That could mean anyone with any foreign blood in their history will be deported to …somewhere…my family is one generation away from Canada, part of us are MicMac Indian, that means I could be scooped up and sent ‘home’. When you think about it, the only native americans are the Native Americans, and that means we ALLLL have to leave. Including our beloved fearless leader.
MY point exactly…..I am3rd generation American….where does this tool draw the line? chuq
I hadn’t thought that deeply about it, but you know, all of us are from elsewhere, if you go back a hundred years or so, The only people who “belong’ here are the Native Americans. ( It just got interesting). some of us are split into parts, too. Im French, German, Dutch, Irish, Canadian Indian, Scots and lord alone knows what else. America, before the white folks came, was Indian. so much for the white man. =)
My grandfather was Jicarilla Apache….so I agree maybe the NAs should have killed the first ‘settlers’…..would the country be different? chuq
this tariff thing just keeps getting more and more bizarre every time I read the news. It seems to change on almost an hourly basis. He doesn’t understand what trade deficits are, he doesn’t understand what tariffs really are, he’s contradicting himself multiple times a day over the tariffs. He’s put tariffs on countries that don’t actually exist or don’t trade with us in the first place. Now he seems to have it in for the EU for some reason?
Now we’re stuck with that ridiculous flying brothel of a 747 that was built for the royal family of Qatar that they’ve been trying to sell to anyone, anywhere, just make us an offer, for years. Apparently the Pentagon now has it for — for reasons?
I know I try to point out the clueless pursuit of these tariffs…..and some still think it will be wonderful…..’can’t fix stupid’….the plane is a huge wart on his presidency he does not see it yet and probably never will. chuq