Tag: Economic BS

Are Tariffs Still A Good Idea?

One more time for the mentally slow.

Well no but then I have never thought that they were a good idea….but there are some out there that will defend the tariffs as a good idea for raining cash for the US….but those are the least intelligent amongst us.

According to a new study, of the $200 million the United States made from President Donald Trump’s tariffs in 2025, 96% was paid by American buyers. The study drew from data covering over 25 million transactions valued at nearly $4 trillion.

A major selling point of President Trump’s series of tariffs on other countries was that they would pay the United States for their imports and, in turn, boost the American economy. However, the study, published by the Kiel Institute for the World Economy in Germany, found the opposite occurred.

“The 2025 US tariffs are an own goal: American importers and consumers bear nearly the entire cost. Foreign exporters absorb only about 4% of the tariff burden—the remaining 96% is passed through to US buyers,” the report stated.

The study claims that while U.S. customs revenue surged by approximately $200 billion in 2025, trade volumes collapsed, and export prices did not fall. The study cited the tariff hikes the U.S. imposed on India in August 2025.

“We compared Indian exports to the US with shipments to Europe and Canada and identified a clear pattern,” Julian Hinz, Research Director at the Kiel Institute and one of the authors of the study, explained. “Both export value and volume to the US dropped sharply, by up to 24 percent. But unit prices—the prices Indian exporters charged—remained unchanged. They shipped less, not cheaper.”

Basically, the study found that instead of other countries paying the tariffs to the United States and growing the U.S. economy, American consumers faced higher prices as companies passed the tariffs on to them. The tariffs also reduced trade volumes, meaning Americans not only paid more, but they also had fewer options.

Study: 96% of the $200 Billion the US Made From Trump’s Tariffs in 2025 Was Paid by American Buyers

This study’s findings are exactly what I wrote about when all these useless tariffs were proposed by Donny and his band of idiots.

You are paying that cost of the tariffs….do I need to keep pointing it out or will you still embrace this idiot as some sort of magic genius that will solve all out problems?

If so then you really need to pay attention or at least learn some basic economics….it really is not that hard.

I Read, I Write, You Know

“lego ergo scribo”

Tariffs Scorecard

From Day One of Donny’s reign he told us that the tariffs he was imposing would lessen the deficit and return our manufacturing base……so far we are still waiting.

How should we assess whether President Donald Trump’s tariffs have been effective?

It’s an important question—yet frustratingly difficult to answer. Trump has outlined overlapping, confusing, and sometimes competing goals for the tariffs.

He’s celebrated them as a source of government revenue, for example, but also claimed they are meant as a negotiating tactic. They can’t be both. Tariffs used for negotiation are meant to be removed (once negotiations are complete), rendering them useless for long-term revenue. For Trump, tariffs are a solution to every problem, and the trade war is more about the vibes than the economics.

Thankfully, U.S. Trade Representative Jamieson Greer offered some more objectively measurable goals during an April 2025 hearing with the House Ways and Means Committee. When Rep. Brendan Boyle (D–Pa.) pressed Greer on what success would look like, Greer offered two clear metrics in response.

“The [trade] deficit needs to go in the right direction,” Greer said. “Manufacturing as a share of [gross domestic product] needs to go in the right direction.”

More than six months later, neither goal is any closer to being achieved. More importantly, neither seems likely to be completed over the long term by an economic policy rooted in barriers to trade.

https://reason.com/2025/12/08/trumps-tariffs-fail-their-own-test/

None of his promises is working….but so far all these have done is bust American’s budgets.

I am sorry but if you bought into his lies then you are an idiot (sorry to be blunt)….

“Starting the day I take the oath of office, I will rapidly drive prices down, and we will make America affordable again,” Donald Trump told rallygoers in Wilkes-Barre, Pennsylvania, in August 2024. “We’re going to make it affordable again.” He said it over and over and over. “Starting on day one, we will end inflation and make America affordable again. We’ll do that. We’ve got to bring it down,” he told a Wisconsin crowd that October.

Well. Guess what? Prices are up. And they’re not just up, at least in some cases, because of random, impersonal market forces. They’re up because Trump raised them, through his tariffs. But mostly, they’re up because politicians, even presidents, don’t have the power to lower prices quickly and unilaterally.

I thought everyone knew this. I thought everyone was at least sophisticated enough to understand that inflation is kind of complicated and has to do with a number of factors that can’t be easily erased or reversed. I mean, that’s not a particularly advanced political or economic concept. A president can’t just say, “Beef prices, I command thee down!” and beef prices go down. We live in the real world, not some fairy-tale land; there’s no legal limit to the snow here, as there was in Camelot.

And yet—apparently a lot of people did believe him. Well, you know what? I’m not in the habit of calling people idiots. Elected Republicans, yes. A lot of them are idiots, and hypocrites and liars and worse. But regular people—I try to stay away from calling them idiots. They have pressures, they don’t really follow politics, and even in the present case, I understand that a few million voters turned to Trump because Joe Biden seemed to be responsible for inflation (and was, to a certain extent), Kamala Harris didn’t plausibly explain how she’d do things differently, and Trump was the only other entrée on the menu. Those people, I sort of get.

https://newrepublic.com/post/204349/trump-2024-promise-lower-prices-inflation-voters-fooled

Please do not tell me about the trillions Donny says tariffs have raised that is a lie….billions maybe but trillions no flippin’ way.

These tariffs are going to continue too hurt….it is just that simple.

I Read, I Write, You Know

“lego ergo scribo”

What F*cking Game Is This?

Donny and his tariffs is nothing more than a wealth generating scheme for him and his billionaire buds….it is a game.

Just yesterday his wild swings on tariffs was something out of an economic nightmare…

It began with his statement….

Consumer confidence is sinking, China and the EU have introduced retaliatory tariffs within the last few hours, and JPMorgan CEO Jamie Dimon says we’re likely spiraling toward a recession. The president’s response? “Be cool.” President Trump took to Truth Social Wednesday morning to share the following:

  • “BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!” (link)
  • “THIS IS A GREAT TIME TO BUY!!! DJT” (link)
  • “This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing. ZERO TARIFFS, and almost immediate Electrical/Energy hook ups and approvals. No Environmental Delays. DON’T WAIT, DO IT NOW!” (link)
  • The president was unequivocal in comments made Tuesday night at the National Republican Congressional Committee dinner in Washington, DC. “I know what the hell I’m doing,” Trump said.  (He does and it is not something for you or your family).

Then later Wednesday he made another of his wold swing on this moronic idea of tariffs….

President Trump said Wednesday that he paused most of his “reciprocal” tariffs on other countries because people were getting “yippy” and “afraid.” The president said he had been watching the bond market, where there has been a major sell-off, and he thought people were “getting a little queasy,” the AP reports. He said that he expects to reach trade deals with most countries, but “nothing’s over yet.”

  • Leavitt says tariffs will be held at 10%: White House press secretary Karoline Leavitt said the tariff rate would be brought down to a universal 10%, a major reduction from the level imposed on imports from many countries in “Liberation Day” tariffs that took effect early Wednesday, the New York Times reports. She spoke to reporters after Trump posted about the pause on Truth Social and stocks soared. Trump said more than 75 countries had called to seek trade deals—but tariffs on imports from China, which brought in retaliatory tariffs, would be raised to 125%.
  • “Bespoke” trade deals: Treasury Secretary Scott Bessent said Trump would negotiate “bespoke” trade deals with other countries. He said this has been the president’s strategy “all along,” the Washington Post reports. “You might even say he goaded China into a bad position—they have shown themselves to the world to be the bad actors,” Bessent said.
  • ‘WTF. Who’s in charge?’ Trump’s announcement came as US Trade Representative Jamieson Greer was testifying in front of the House Ways and Means Committee, the Wall Street Journal reports. After Democratic Rep. Steven Horsford asked him if he knew about the pause, Greer said he found out about it a few minutes earlier. “WTF. Who’s in charge?” Horsford asked. He told Greer: “This is amateur hour. It needs to stop. How are you in charge of negotiations if the president is tweeting about this from wherever the hell he is?”
  • ‘He is reeling, he is retreating’: Trump “is reeling, he is retreating, and that is a good thing,” Senate Minority Leader Chuck Schumer said at a press conference moments after Trump’s announcement, the Hill reports. Schumer said he would keep pressure on Trump despite the pullback. “This is chaos. This is government by chaos. He keeps changing things from day to day. His advisers are fighting among themselves, calling each other names,” Schumer said. “And you cannot run a country with such chaos.”
  • Market swings could continue: Stocks jumped on Wednesday, with the Nasdaq up more than 11% in the afternoon, the S&P 500 up almost 10%, and the Dow up 8%, but investors are worried that volatility will continue. “The tariff clouds parted for the first time today, but it’s too soon to know how sunny the skies will be tomorrow—or 90 days from now,” said Daniel Skelly at Morgan Stanley Wealth Management, per the Times. “As welcome as the announcement was, investors can’t assume it’s the end of the tariff story, or that the market’s day-to-day volatility will disappear.”
  • ‘Pause’ could be permanent: “Our working assumption now will be that, cowed by the market response, Trump will repeatedly extend the ‘pause’ meaning that this will end up looking a lot like the 10% universal tariff that he campaigned on,” Paul Ashworth, chief North America economist at Capital Economics, said Wednesday, per the Journal. “In return, other countries will offer minor concessions on their own tariffs and trade practices.”

After telling his butt buddies to buy stocks and then announcing a the ‘pause’…..markets hit record numbers…..and then set about using the American people as an excuse to help his cronies make lots of cash….

US stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Trump said he would back off on most of his tariffs temporarily, as investors had desperately hoped he would.

  • The S&P 500 rocketed higher by 474.13 points, or 9.5%, to 5,456.90. It was the index’s third-best day since World War II.
  • The Dow Jones Industrial leaped 2,962.86, or 7.9% to 40,608.45.
  • The Nasdaq composite jumped 1,857.06 points, or 12.2%, to 17,124.97.

So I ask again….what is this f*cking game?

You guys really do not see what all this economic games is doing?

Looks to me like all this tariff shit is just a cover to help himself and his ass kissers make lots of cash.

At what point do you allow this type of blatant bullshit to continue….time to get off your ass!

(I sit and shake my head)

I Read, I Write, You Know

“lego ergo scribo”