Tag: Tariffs

It’s Here! “Liberation Day”!

Warning:  This post contains words that some may find offensive….so if you are easily offended please pass this one by

After about a week of confusion and the lack of information Clueless leader has finally released what his new round of tariffs will be.

Let’s review shall we?

“It’s our declaration of economic independence,” President Trump said at a “Liberation Day” event at the White House on Wednesday, declaring it to be one of the most important days in American history. The president unveiled a slew of new tariffs that were higher than many analysts had expected, the New York Times reports. “Our country and its taxpayers have been ripped off for more than 50 years but it’s not going to happen anymore,” Trump said.

  • Trump declared a baseline tariff of 10% on imports from all countries and extra “reciprocal tariffs” on imports from dozens of countries, the AP reports. They include a 34% tax on imports from China, 32% on imports from Taiwan, 25% on imports from South Korea, 24% on imports from Japan, and 20% imports from the European Union. He said the rate for imports from the UK would be 10%.
  • According to a chart Trump displayed, Cambodia will face the highest reciprocal tariff, at 49%, CBS News reports. The chart showed a 48% rate for Laos and 47% for Madagascar.
  • In an executive order, Trump declared a national emergency “arising from conditions reflected in large and persistent annual US goods trade deficits.”
  • The 10% tariff on all imports, apart from those compliant with the US-Mexico-Canada trade agreement, will take effect at midnight Friday, CNN reports. Officials said the extra tariffs on goods from around 60 countries will take effect next Wednesday.
  • Trump accused other countries of unfair trade practices, saying the US “has been looted, pillaged, raped, plundered” in his Rose Garden speech. “In many cases, the friend is worse than the foe in terms of trade,” he said, per the Telegraph. “We subsidize a lot of countries and keep them going and keep them in business,” he added. “Why are we doing this?”
  • Trump claimed the tariffs were “kind,” saying his administration was only imposing tariffs at half the rate that should be applied based on other countries’ trade practices, the Times reports.
  • The chart Trump displayed, however, showed a tariff rate based on “currency manipulation and trade barriers,” and it’s not clear how it was calculated, the Guardian reports. University of Michigan economist Justin Wolfers said the new tariffs will give the US “the highest tariff rates of any industrialized country. And it’s not even close.”
  • The president also confirmed that a 25% tariff on auto imports would take effect at midnight.

WTF?

Just what in Hell did Cambodia or Laos do to piss off the big idiot?

These lame ass crappy policies are from the mind of an fucking idiot.

But the dumbest part of this shit storm is the idea of tariffs on illegal drugs.

President Donald Trump says a primary reason for his new tariffs against the United States’ three largest trading partners is what he calls a “national emergency” brought on by fentanyl flowing across the country’s borders.

Trump says he is holding Canada, China and Mexico accountable for the spread of contraband drugs.

“They’ve allowed fentanyl to come into our country at levels never seen before,” he said in a joint address to Congress on Tuesday night, referring to Mexico and Canada, “killing hundreds of thousands of our citizens and many very young, beautiful people, destroying families.”

You people realize that the importer pays the tariffs, right?

Okay now think about that for just a minute before your brain explodes.

You need some basic economic knowledge to see where this absolutely stupidity will fucking lead.

Here is a breakdown of some of the possibilities….

https://www.npr.org/2025/04/02/nx-s1-5345802/trump-tariffs-liberation-day

Let’s be honest the only people that will suffer are you and your family.

Donald Trump has been labeled the “most economically ignorant president in US history” following his recent actions.

His touted “Liberation Day” is being called out as a mere con job, aimed at deceiving Americans into thinking he’s championing their wealth, while he’s actually igniting an economic blaze. The tariffs he’s touting as a bold initiative to safeguard American jobs and industries are expected to do anything but that.

Instead, they’re predicted to cause prices to skyrocket nationwide, hiking expenses for consumers, businesses, and manufacturers alike.

Trump is notorious for shifting blame for his own shortcomings onto others, and this time he’s attributing economic woes to foreign countries, all while American families are left to pay the price for his catastrophic policies. Meanwhile, the threat looms that thousands around the globe could lose their jobs due to these decisions.

Despite promises to slash inflation from “day one” of his presidency, Trump has instead swung an economic sledgehammer at global markets, causing tremors across the financial landscape and ushering in a new era of uncertainty, reports the Mirror.

Far from curbing inflation, he’s accelerating it dangerously, confirming suspicions that his economic policies are merely bluster cloaked in populist rhetoric.

https://www.themirror.com/news/us-news/con-liberation-day-how-trumps-1067011

The markets have not responded well to Donny magic Sharlie…..

The US stock market is poised to open with a steep plunge on Thursday in the wake of President Trump’s tariff rollout, reports the Wall Street Journal. World markets sank as well.

  • Dow futures fell more than 1,100 points, or 2.6%, per CNBC. The benchmark S&P 500 fell 3.3% and the tech-centric Nasdaq was in the worst shape, down 3.6%. Markets in Asia and Europe also dropped sharply, all of which suggests traders didn’t expect Trump’s tariffs to be as large as they were, notes the New York Times.
  • Two big multinational companies in the red were Nike, with shares down 9%, and Apple, down 7%. Companies with a big investment in imported goods also were down, including Five Below (11%), Dollar Tree (10%) and Gap (9%).
  • Many nations were still assessing how to respond after Trump levied a 10% tariff on all imported goods, plus extra penalties on countries the White House considers to be “bad actors.”
  • China, for instance, got hit with a new 34% tariff on top of previous ones, bringing the base tariff on Chinese goods to 54%. In response, the nation’s commerce secretary accused Trump of “unilateral bullying.” A sampling of others: The European Union got hit with a 20% tariff, Japan 24%, India 26%, and Vietnam 46%.

The markets could recover but it will take creative crap for them to do so.

But wait!

Is there any nation/s that failed to make Donny’s ire?  There are nations not on Donny’s list for harsher tariffs…..

The broad new tariffs unveiled by President Trump on Wednesday impose financial penalties on pretty much every country of note. However, Axios points out that one major nation is missing from the list—Russia. The White House says it isn’t about favoritism: Press secretary Karoline Leavitt says existing sanctions on Russia already “preclude any meaningful trade.” Axios, however, points out that the US does more trade with Russia than other nations on the list, including Mauritius or Brunei.

  • Three others: Cuba, North Korea, and Belarus also were not hit with new sanctions, with Leavitt again citing existing sanctions or tariffs.

Why are these American adversaries not on some list?

Do you really buy the bullshit of harsh sanctions precluded them from his anger?

A little economic knowledge would alert you to the possibilities facing you and your family.

I have had enough of trying to keep it civil….Okay let’s call a spade a spade….

Your president is one arrogant stupid motherfucker!  A “stable genius” my boney ass!  Anyone who thinks this stupid shit is going to make life better needs there tiny brain scrubbed out with hot sauce.  There is NO fucking upside to anything this moron you elected is doing.

I Read, I Write, You Know

“lego ergo scribo”

It’s “Liberation Day”

That is the moronic term used by Donny about his newest round of tariffs….it is so important that not much detail has been released.

First ask yourself….just what are we being liberated form…..a sane trade policy?  From what do we to be liberated?

Here’s what we know so far….

President Trump has been teasing Wednesday as “Liberation Day,” promising even more tariffs, but it’s not clear exactly what is coming. As the BBC notes, Trump has already instituted so many tariffs “it can be hard to keep track,” but he’s promised what the Guardian refers to as “the most sweeping rewrite of US trade policy” so far. The announcement is expected in a speech he’ll make at 4pm Eastern time, and the White House says the effects will be immediate. More from coverage previewing the event:

  • Trump has been focused on “reciprocal tariffs,” CNN reports, but details of what exactly that might mean are scant. One possible reason for that is, according to sources, advisers were still presenting possible plans to Trump as late as Tuesday.
  • Those plans include such possibilities as a flat rate of 20% levied on all imports or different rates for different countries, based on not only what tariffs they charge the US but on other policies Trump sees as unfair to US businesses.
  • It remains unclear just how wide of a net Trump will cast; he’s said the tariffs might apply to “all countries,” but in the past, more targeted lists have been floated. Developing countries, which have some of the biggest discrepancies between tariffs they charge the US versus what the US charges them, could be hit hardest.
  • Israel on Tuesday became the first country since Trump was elected to cancel all tariffs on US goods.
  • Meanwhile, a top European Union official warned Tuesday that the EU has a “strong plan to retaliate” if needed, CBS News reports.
  • Financial markets were “on edge” as “Liberation Day” loomed, Reuters reports. Markets have been tumbling amid the chaos, and while Trump says his tariff plan could bring in trillions in revenue, CBS News reports experts disagree. Though they do say billions could be brought in, they also warn that prices will rise.
  • More analysis here.

Trump has argued tariffs will raise revenue to offset tax cuts and revive US manufacturing. If he decides against a universal tariff, the alternative would be levying tariffs against individual trade partners. Trump has complained other countries tax American exports at a higher rate than America taxes theirs, as the AP reports. He’s indicated that, with pressure, countries might lower their tariffs on US goods. “But if tariffs are subject to negotiation, and could be lowered over time, that would raise doubts about how much revenue could ultimately be expected from their imposition,” the Journal reports. And “some aides are concerned about the effect tariffs could have on prices.”

Economists say Trump’s trade war has contributed to inflation and raised the odds of a US recession, reports USA Today, as well as alienating US allies. They say it’s unlikely that companies with overseas factories will relocate to the US, where they’ll face shortages of skilled workers, under the threat of tariffs that may be short-lived. Even if several did relocate, “the number of jobs created would be relatively small and more than offset by those wiped out in a recession, economists say,” per USA Today.

We will see just how deep the ‘hurt’ that Trump warned us about will go.

Are you ready?

I Read, I Write, You Know

“lego ergo scribo”

How Do Tariffs Work?

The popular meme these days is the word ‘tariffs’….it is the weapon of choice by the president in his economic war with trading partners…some will applaud these actions and others, including myself, do not think it is the save all that we are told almost daily.

Donny the Man has upped the tariffs on 3 of our trading partners….and many Americans are confused.

Purely as an FYI post for those that do not completely understand what is involved with tariffs I offer this explanation….

Like the Townshend Acts and Bacon’s Rebellion, tariffs are one of those topics you may vaguely remember from high school history class. Let’s take another look at how tariffs work—and what happens to the economy when they don’t.

Tariffs are taxes imposed on imports or exports. If the U.S. government imposes a 25 percent tariff on imports of, say, Canadian timber, it means that American companies buying timber from Canada will have to pay a quarter of the price of timber to the U.S. government.

Tariffs can be imposed for a number of reasons, not all of them economic. Because they make importing more expensive, they can be used to promote the development of domestic industries. They can also be used as a geopolitical weapon to exert pressure on trading partners or to punish non-allies. Like all kinds of taxes, they are also a means of generating government revenue.

Crucially, none of these measures is foolproof. If the U.S. imposes tariffs on Canada, for example, Canada may simply start trading with countries that don’t impose tariffs, cutting the U.S. out of the equation. That could then weaken the U.S. economy and its ability to engage in international trade.

Tariffs impact companies that rely on imports as well as ordinary consumers. If a country that imposes tariffs fails to develop domestic production and find new trade partners—a process that can take years, if not decades—tariffs are bound to raise consumer prices, because the importers will need to recuperate the additional costs they pay to the government through higher markups on the products they sell. As a result, tariffs have often resulted in economic recessions in the countries that impose them.

https://www.mentalfloss.com/how-do-tariffs-work

I hope this article will everyone understand what is at risk by imposing them….and make up your mind (if that is possible) on whether you support or oppose these actions by the president.

Please read it carefully and just the parts that you think you know….

I Read, I Write, You Know

“lego ergo scribo”

War, Trade Or Otherwise

WE know that Donny is a one trick pony when it comes to global trade, tariffs and more tariffs….we are all well aware of the tariffs on Mexico and Canada which can be disastrous especially on food prices….but what about those tariffs against our ‘big’ enemy, China?

Donny the Man has doubled his tariffs on products from China (forget Temu)….and now China is firing back….

Some tough talk from China in response to President Trump’s tariffs: “If war is what the US wants, be it a tariff war, a trade war, or any other type of war, we’re ready to fight till the end,” foreign ministry spokesman Lin Jian said Tuesday night after Trump doubled the 10% tariff he imposed last month on most Chinese imports. The remark—which was shared in a post on X by China’s embassy in Washington, DC—came as leaders gathered in Beijing for the annual National People’s Congress, the BBC reports. “Intimidation does not scare us,” Lin said. “Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China.” More:

  • Fentanyl: Lin rejected White House claims that China is responsible for fentanyl flooding into the US. “The US, not anyone else, is responsible for the fentanyl crisis inside the US,” he said. “In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue.” But instead of recognizing China’s efforts, he said, the US “has sought to vilify and shift the blame to China, and is seeking to pressure and blackmail China with tariff hikes.”
  • Retaliatory tariffs: China announced new tariffs of up to 15% on a range of American food and farm imports Tuesday. The retaliatory tariffs are “very specific and directly targeted at American farmers, who are mostly in red states and mostly voted for Trump,” Neil Thomas at the Asia Society Policy Institute’s Center for China Analysis tells ABC News. “So China is trying to create pain where it matters for Trump, and it’s hoping to get Trump to the negotiating table.”
  • Growth target unchanged: On Wednesday, leaders at the National People’s Congress announced a growth target of around 5%, the same as the previous two years, despite a slowing economy and the looming trade war, AP reports. Officials said military spending would rise 7.2%. The legislature’s meeting will run for several days. The BBC describes it as a “rubber-stamp parliament, which passes decisions already made behind closed doors.”

Slowly those morons in DC are destroying what is left of the world trade network….tit for tat tariffs will provide the engine for a global recession or worse, a depression.

We can only hope that idiots come to their senses and find a way to work together and keep a vivant world trade intact.

But will they?

Side note–I see that Donny has paused auto tariffs on Mexico and Canada for 30 days….maybe someone should make up his mind for him.

I Read, I Write, You Know

“lego ergo scribo”

Tariff Retaliation

Tuesday Trump’s big scheme of tariffs went into effect and all the chest thumping during his speech about the tariffs and now a couple of targets will retaliate….

There was no last-minute reprieve this time in regard to President Trump’s tariffs as three new ones took effect at midnight Eastern. A look:

  • Canada: Trump imposed a 25% tariff on most imports. Canada responded by imposing 25% tariffs on $30 billion worth of American goods immediately, a total it plans to increase to $125 billion by month’s end. Details on which goods are affected are still to come, reports the New York Times.
  • China: Trump imposed an additional 10% tariff on products from China, on top of the 10% that went into effect last month. Beijing retaliated with tariffs ranging from 10% to 15% on a slew of American food and farm imports, including soybeans, meat, and grains, per the AP and the Washington Post. They take effect in a week. China also put new business restrictions in place against US companies, including the military-linked Leidos and General Dynamics Land Systems.
  • Mexico: Trump imposed a 25% tariff on most Mexican imports. Mexican President Claudia Sheinbaum is expected to lay out her nation’s response later on Tuesday morning, reports NBC News.
  • Markets: US markets cratered Monday afternoon in anticipation of the news, and futures trading was “muted” ahead of Tuesday’s open, reports the Wall Street Journal. Europeans indexes dropped, as did Japan’s Nikkei, but China’s markets didn’t move much. Global auto stocks retreated, including Stellantis, Volkswagen, Volvo, Toyota, and Hyundai.

I remember just before the tariffs went into effect Trump told us the was no other option for there was ‘no room for negotiation’….and yet….

After two days of steep stock market drops, President Trump might be preparing to pull back on his 25% tariffs on imports from Canada and Mexico. Commerce Secretary Howard Lutnick said Tuesday that Trump plans to “meet in the middle” with the two countries and an announcement will probably be made Wednesday, the Wall Street Journal reports. Lutnick told Fox Business that he thinks Trump is “going to work something out with them,” but “it’s not going to be a pause.”

Lutnick and other officials have said the tariffs are linked to fentanyl coming across the border. “Both the Mexicans and the Canadians were on the phone with me all day today trying to show that they’ll do better, and the president’s listening, because you know he’s very, very fair and very reasonable,” Lutnick said. He cited the US-Mexico-Canada trade pact from Trump’s first term, Bloomberg reports. “If you live under those rules, then the president is considering giving you relief,” Lutnick said. “If you haven’t lived under those rules, well, then you have to pay the tariff.”

Trump paused the tariffs for a month after they were unveiled in February, but he said Monday, before the tariffs kicked in at midnight, that was “no room left” for negotiations. Canada and Mexico announced retaliatory tariffs on Tuesday, with Canadian Prime Minister Justin Trudeau calling Trump’s tariffs “a very dumb thing to do.” Trump also doubled his earlier 10% tariff on imports from China, and Beijing responded with tariffs of up to 15% on American food imports. Lutnick, pointing to the country’s role in fentanyl production, said he didn’t expect immediate tariff relief for China, Politico reports.

The whole fentanyl is pure BS….tariffs are the only trick Trump has in his bag of whimsy….it is his excuse to use the only tool he has…..

When President Donald Trump imposed his long-threatened 25 percent tariffs on most goods from Canada and Mexico last night, the White House declared the trade barriers are necessary “to combat the extraordinary threat to U.S. national security, including our public health,” caused by “the flow of contraband drugs like fentanyl into the United States.”

The stock market promptly plummeted. Prime Minister Justin Trudeau announced that Canada would respond with 25 percent tariffs of its own on $155 billion worth of goods from the U.S. (In a post on Truth Social, Trump fired back: “our Reciprocal Tariff will immediately increase by a like amount!”) China declared that it would impose tariffs of up to 15 percent on U.S. agricultural imports, and President Claudia Sheinbaum of Mexico said her country would impose retaliatory tariffs as well.

Trump originally announced the new tariffs last month, but he agreed to pause their implementation when Canada and Mexico agreed to step up their border enforcement. (That order also imposed tariffs on China, which were not paused.) The White House noted in this week’s announcement, “While President Trump gave both Canada and Mexico ample opportunity to curb the dangerous cartel activity and influx of lethal drugs flowing into our country, they have failed to adequately address the situation.”

https://reason.com/2025/03/04/trump-loves-tariffs-fentanyl-is-just-an-excuse/

Fun times, huh?

I Read, I Write, You Know

“lego ergo scribo”

Watch Your Wallet!

Today is one of those ‘big days’….today the much anticipated tariffs will go into effect on Canada and Mexico and China…..we will see just how successful they are at keeping America great…..

President Trump has said that the US will impose 25% tariffs on Canada and Mexico on Tuesday, saying there’s “no room left” for the two countries to avoid the measures.

Trump signed an executive order on February 1 to impose the 25% tariffs on all goods coming from Mexico and Canada with a carve-out for Canadian oil, which will be hit with a 10% tariff.

Trump paused the tariffs for 30 days after speaking with the leaders of Canada and Mexico, who both pledged to work to stem the flow of fentanyl and migrants entering the US. But Trump said on Monday that drugs were still “pouring into our Country from Mexico and Canada at very high and unacceptable levels.”

Trump also wants to use the tariffs to pressure companies to manufacture in the US and to reduce the trade deficits between the US and its trading partners. He has previously acknowledged the tariffs will cause “pain” for Americans since they will increase domestic prices.

Canada has said it’s ready to hit the US with retaliatory tariffs right away, and Mexico is vowing it will respond as well. Last month, Trump also imposed a 10% tariff on China and said that it would increase by another 10% on Tuesday.

(antiwar.com)

The news that the tariffs would begin and W#all Street had a sell-off in anticipation….

A sell-off hit Wall Street on Monday after President Trump said tariffs he had announced earlier on Canada and Mexico would take effect within hours.

  • The S&P 500 fell 104.78 points, or 1.8%, to 5,849.72.
  • The Dow Jones Industrial Average fell 649.67 points, or 1.5%, to 43,191.24.
  • The Nasdaq composite fell 497.09 points, or 2.6%, to 18,350.19.

Trump said there was no room left for negotiations that could lower tariffs set to begin Tuesday on Canadian and Mexican imports. That dashed Wall Street’s hopes that Trump would choose a less painful path for global trade, and it followed the latest warning signal on the US economy’s strength, the AP reports. The hope on Wall Street had been that Trump was using the threat of tariffs as a tool for negotiations and that he would ultimately go through with less damaging policies for the global economy and trade.

Canada has made it clear of their one option….

Ontario Premier Doug Ford said Monday he is prepared to cut off electricity exports to the U.S. if President Trump’s 25 percent tariffs on Canadian goods go through.

“If they want to try to annihilate Ontario, I will do everything — including cut off their energy with a smile on my face,” Ford told reporters at a mining convention in downtown Toronto, the Toronto Sun reported.

Consumers are already seeing and feeling the Trump effect….in a month of the Trump coronation the confidence is sliding….

 

And so it begins.

Things are about to get more expensive….I have noticed a rise is food prices even before the tariffs went into effect.

Now we have even more problems to look forward to in the near future.

So again….watch your wallet.

I Read, I Write, You Know

“lego ergo scribo”

More Tariff Talk

Donald the Orange not satisfied with the tariffs he has already put in place has stated that there may be more to come….

President Trump announced plans for “fair and reciprocal” tariffs on America’s trading partners Thursday, claiming they would raise a “staggering amount” of money. “They charge us a tax or tariff and we charge them the exact same,” Trump told reporters before he signed the “Fair and Reciprocal Plan” executive order in the Oval Office, CNN reports. “It’s fair to all. No other country can complain.” Asked if prices in the US would go up because of the tariffs, Trump said “not necessarily,” reports the New York Times. “Prices could go up somewhat short term,” he said.

Officials say the plan includes countering the value-added taxes common in Europe. Trump has ordered officials to prepare a country-by-country report within 180 days to determine “remedial” action of tariffs. Howard Lutnick, his nominee for commerce secretary nominee, said the investigation should be complete by April 1. Trump that said at a later date, there would be import tariffs “over and above” reciprocal taxes on imports including cars, pharmaceuticals, and semiconductors, NBC News reports.

Trade analysts say that the plan is likely to raise costs for Americans as well as being a “bureaucratic nightmare” to administer, the Washington Post reports. “Reciprocity may sound appealing. But remember who pays tariffs: It’s the American importer and the burden eventually falls on the consumer,” said Erica York, vice president of federal tax policy for the Tax Foundation. “It’s like shooting yourselves in the foot because someone else is shooting themselves in the foot.” Trump said countries could make their products in the US to avoid tariffs and predicted that the country would be “flooded with jobs,” the Times reports.

I know I write a lot about these tariffs but that is because most people do not understand what the entail.

Let’s look at history…..Trump’s idol is Pres. McKinley (now you know why he renamed that mountain)….a man that Trump calls the Tariff King…..

William McKinley was a largely forgotten American president from more than a century ago until Donald Trump returned to the White House as his biggest fan because of McKinley’s love affair with tariffs.

Trump, who has renamed North America’s highest peak Mount McKinley in his honor and announced a series of his own tariffs on imports, has frequently praised McKinley since taking office and while on the campaign trail last year. In his inaugural address, he referred to McKinley as a “great president” who “made our country very rich through tariffs.”

Trump has dubbed McKinley the “tariff king.” McKinley referred to himself as “a tariff man, standing on a tariff platform.”

In 1890, six years before McKinley’s election as president, Congress passed his legislation that raised the tariffs on most imported manufactured goods to about 50%.

But Trump misses several points in the historical record about McKinley – including his contention that tariffs created wealth and made America rich in the late 19th century – said Douglas Irwin, a professor of economics at Dartmouth and a leading expert on McKinley and his tax policy.

“This whole late 19th century was a period of expansion,” he said. “Tariffs themselves probably didn’t make a huge amount of difference one way or another.”

https://www.cnn.com/2025/02/12/business/trump-william-mckinley-tariffs/index.html

McKinley learned that ‘free trade’ was far more profitable than tariffs but will His Majesty learn the same lesson (Doubtful)….

Are these tariffs constitutional?

The taxing power in the federal government resides in the Congress. The Constitution states that Congress has the power to “lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts” of the federal government. Indeed, in order to emphasize the location of this power in the Congress, the Constitution also requires that all legislation “for raising Revenue shall originate in the House of Representatives.”

So, if only Congress can impose taxes, how can the president impose tariffs?

Here is the backstory.

https://original.antiwar.com/andrew-p-napolitano/2025/02/06/tariffs-and-the-constitution/

Thoughts?

I Read, I Write, You Know

“lego ergo scribo”

Tariffs, The Power Of Stupid

During his campaign Trump kept taunted his favorite thing, economic thing, tariffs and now that he is in the seat of power he has made good on his threats.

With the use of the executive order he, Trump, has made it possible for us mere peons to be raped by business…..

Declaring an economic emergency under the law that allows him to take the action, President Trump on Saturday signed an executive order imposing tariffs on China, Canada, and Mexico. Tariffs of 25% on goods from Canada and Mexico and 10% on imports from China are scheduled to take effect on Tuesday, CNBC reports. Energy products from Canada will face a 10% rate, apparently to head off a spike in gas prices. If the nations retaliate, the order stipulates, further action—most likely higher tariffs—will occur.

Trump has endorsed tariffs as a way to force trading partners to negotiate deals more favorable to the US, and Mexican President Claudia Sheinbaum alluded to that strategy Saturday in remarks to supporters. “I don’t feel alone, and you are not alone either,” she said, per the New York Times, adding, “When we negotiate with other nations, we do it always with our heads held high, never looking down.” Canada has drawn up a response that includes taxing Florida orange juice, Tennessee whiskey, and Kentucky peanut butter—all from states that voted Trump in November and have Republican senators.

The tariffs are being imposed under International Emergency Economic Powers Act, and administration officials have blamed fentanyl entering the US from Mexico and Canada that includes ingredients from China. They’ve said the idea also is to pressure Canada and Mexico to take steps against illegal immigration into the US. The nations are the three largest trading partners of the US. At the moment, most goods from Canada and Mexico face no tariffs, while many from China are hit with taxes as high as 25%, per the Washington Post. The new tariffs on China will go on top of those fees.

You mental midgets that think this is a good idea need to look at how tariffs work (use Google if you know how).

Let me help….the country does not pay the tariffs the company getting the product does and it is then passed onto to you at a substantial higher rate….

Even the great god Trump warns you that you will suffer….

President Trump acknowledged that his plan to impose tariffs on Canada, Mexico, and China will likely cause “pain” for Americans but insisted it will be worth it to bring about a “golden age” in America.

The president wrote on Truth Social: “THIS WILL BE THE GOLDEN AGE OF AMERICA! WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!).”

Golden for whom?

Definitely not the consumer and not for his raid low breed supporters.

The fleecing of the public has begun!

On Sunday Trump tried to make his case for annexing Canada….

Trump on Sunday also reiterated his “51st state” rhetoric with regard to Canada, posting, “Canada should become our Cherished 51st State. Much lower taxes, and far better military protection for the people of Canada—AND NO TARIFFS!” It’s not clear just how quickly the tariffs, which take effect just after midnight Tuesday, will hit consumers, but Democratic Sen. Tim Kaine predicted on Sunday that gas prices will go up within days. Republican Sen. Lindsey Graham, however, predicted that once the changes Trump wants made are made, “I think the tariffs probably go away.”

With the world on fire thanx to the US is this the best way to spend your time?

So why is this a good idea?

Please tell us.

I Read, I Write, You Know

“lego ergo scribo”

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”

Another BRIC In The Wall

Just a little something to think about on this Cyber Monday.

In 2025 if all the promises are held to then the consumer should be prepared for high prices on a wide array of products…..like coffee, electronics, textiles, agricultural stuff, clothing, furniture, toys and steel….there are more but you get my drift I suppose.

There is a wall being built…..a wall of high prices…..

More possible tariffs and more high prices….

President-elect Trump continues to wield his tariff weapon: On Saturday, he threatened 100% tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,” per the AP.

While the US dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system. The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF, and major commodities like oil are still primarily bought and sold using dollars. The dollar’s dominance is threatened, however, with BRICS’ growing share of GDP and the alliance’s intent to trade in non-dollar currencies—a process known as de-dollarization.

At a summit of BRIC nations in October, Russian President Vladimir Putin accused the US of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is “no chance” BRIC will replace the US dollar in global trade and any country that tries to make that happen “should wave goodbye to America.”

Today is Cyber Monday you might want to consider the price increases to come and spend your money appropriately.

A note…..tariffs….the countries do not pay the money it is the importers they pay and is passed along to the consumer…..in other words the tariffs effect you and no one else.

Are you not pleased with your choice?

I Read, I Write, You Know

“lego ergo scribo”