The U.S. is 26% of total GDP. If we stopped buying everyone's stuff, they're not going to be able to sell to other countries at current prices. The prediction was beyond stupid.
You did that so much better than I was about to. Tariffs are a shift in taxes to the working poor so Elon and the president can get bigger tax cuts. It doesn't take an economic genius to see it, anyone not a DTS (Deranged Trump Sycophant) can see it
Many of the countries are big in textiles. Bangladesh. Vietnam. Philippines. Pakistan etc. they most certainly will continue to be made there and more expensive here
Just like inflation was a tax (fck semantics) on the poor under Biden. The poor and honestly middle classes are going to have 8 straight years of getting hammered. And tax cuts won’t help them. They don’t pay shit in taxes to begin with
They’ve pitched tariffs as a mechanism to offset tax revenue
If we have a surplus with the UK, doesn't their tariff prove it isn't just us being tired of being a whipping boy?
If you're an advocate for the current monetary control system, someone needs to come up with a solution for the middle and working classes. They've given up one parent working homes, children, and decent paying jobs. They're now in the process of struggling or giving up affordable housing, healthcare, and education. They've been the comparative losers the past 50+ years.
This notion that trade needs to be equal is simply wrong headed. It needs to beneficial. That may mean that we import much more from country X but export more to country Y. I’m not sure how we became so stupid.
I haven’t paid close attn but I don’t think it’s tethered to the extension. I think it’s a future promise that things will be so grand (don’t use that word when chasing younger chicks. It’s a big turn off) from tariff revenue pouring in that we’ll be able to reduce and one day eliminate income taxes. It’s fairy dust but I think that’s the pitch. Not just the extension
Rhetorically, maybe. But not in reality. I think they're grasping for any kind of defense they can find for this sophistry.
Of course that is a lie, Noodle has already shown it has nothing to do with existing tariffs. And I posted this Wiki article showing we have a higher tariff than countries we announced tariffs on.
You shouldn't match some made-up / fabricated / false total of tariffs that some doofus put out there, just to misrepresent reality and appeal to the gullible, like you.
How about the first half, the working poor and middle class will pay a disproportionate share of a tariff tax?
Why would anyone waste time explaining anything to you. You're incapable of understanding an explanation. Everything you think you "know" and every opinion you have comes from moronic Twitter Twits.
I don't think that will happen. They'll just consume fewer goods and services (not good). The concern is they lose their jobs because tariffs cause a slow down and etc.
from what i've seen and read they look amazing from a tech standpoint. chinese tech in numerous industries is incredible.
I love to see you guys lose your shit over a word.
I see a sales tax when I buy something on the receipt.
My mom cooked green beans in bacon or sausages. She thought pork fat was the ticket. Also she put onion in as well.
