No this is not some review of a chain eatery….but rather more on the ever changing tariffs that Little Donny and the gang cannot make up their minds.
Donny’s tariffs were putting a strain on our auto industry to the point that Mazda will shutter and wait.
Then as if right on cue…..Donny heard from Wall Street and he danced his auto tariffs back….putting the Magic Sharpie back to work.
President Trump signed an executive order on Tuesday to relax some of his 25% tariffs on autos and auto parts, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales, and make US production less competitive worldwide, per the AP. The Wall Street Journal reports that the order involves changes in how the import taxes would be enforced to prevent multiple tariffs stacking up on foreign-made vehicles. The changes are retroactive, meaning automakers will be reimbursed for some tariffs already paid.
Under the order, imported tariffs not covered by trade deals with Canada and Mexico will still face 25% tariffs, but automakers will be reimbursed for up to 3.75% of a car’s value, CNBC reports. After a year, that will fall to 2.5%. Treasury Secretary Scott Bessent said the goal was to enable automakers to create more domestic manufacturing jobs. “President Trump has had meetings with both domestic and foreign auto producers, and he’s committed to bringing back auto production to the US,” Bessent said. “So we want to give the automakers a path to do that, quickly, efficiently, and create as many jobs as possible.” Later Tuesday, Trump said, “It’s a little bit of help. We just wanted to help them enjoy this little transition, short-term.”
The tariffs imposed by Trump were seen by some as an existential threat to the auto sector. Arthur Laffer, whom Trump gave the Presidential Medal of Freedom to during his first term, said in a private analysis that the tariffs without any modifications could add $4,711 to the cost of a vehicle. It remains unclear what impact Trump’s broader tariffs will have on the US economy and auto sales. Most economists say the tariffs—which could ultimately hit most imports—would raise prices and slow economic growth, possibly hurting auto sales despite the relief that the administration intends to offer on its previous policies.
This is not, contrary to popular belief, a negotiation style…..it is a game that sole purpose is the make the wealthy more so….
That leads me to ask…is Trump trying to destroy the economy? If so….why?
Not content with shattering the post-1945 international order, which delivered prosperity and power to his country for eight long decades, Donald Trump is seemingly set on destroying the US economy. And he’s doing it because he, and the American right, have lost their ability to grasp reality.
Start with the economic vandalism, unfolding in real time and mesmerising to watch. For weeks, you could see the US stock market falling and falling until on Thursday the S&P index passed an unwanted milestone: it stood more than 10% down from the peak it had reached less than a month earlier, a fall that meets the Wall Street definition of a “correction”. In other words, even if the market eventually rallies, this is no blip.
The talk now is of a recession and you can tell that Trump himself suspects it’s coming. “I hate to predict things like that,” he said this week. “There is a period of transition because what we’re doing is very big. We’re bringing wealth back to America … It takes a little time.” Did you catch that? The great booster, who campaigned on a promise to turn things around “on day one”, is now adopting the lotus position, talking of “transition” and urging patience.
The source of the trouble is not mysterious. It is Trump himself. His actions since taking office less than two months ago have spooked investors. They crave stability but see a president who governs by whim. Those whims can change hourly – imposing a tariff after breakfast only to drop it before lunch. One minute it’s a 50% levy on Canadian aluminium, the next it’s 200% on European wine, only for one or the other to be binned within hours. It keeps Trump in the news, which he loves, but plays havoc with companies that have to plan for the long term. Confronted by chaos, they prefer to wait to see where things settle. That means orders on hold, workers without work, less money in everyone’s pocket.
https://www.theguardian.com/commentisfree/2025/mar/14/donald-trump-crashing-us-economy-fake-news
Please if you support this maniac tell us just why the Hell is he Making America Great Again?
Also Donny is doing what he does best….blaming others for his screw ups….
President Donald Trump defended his attempt to cast blame on his predecessor, former president Joe Biden, after the Labor Department’s Bureau of Economic Analysis found that the American economy shrank by 0.3 percent during the first quarter of this year, marking the first drop in three years as Trump’s tariff policies disrupted businesses and their supply chains.
Earlier in the day, Trump took to Truth Social on Wednesday to blame his predecessor for the dismal numbers, writing that what was transpiring was “Biden’s stock market, not Trump’s.”
He added: “I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden ‘Overhang.’ This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!”
If recall correctly the markets were around 40,000…it was a good year for the markets….so on 20 January it became a Trump market….so his statement that “Biden’s stock market, not Trump’s.” is pure steaming bullshit.
Are you buying the snake oil this idiot is selling?
I Read, I Write, You Know
“lego ergo scribo”
