Featured Buffet buys Tesla for $1T

No, it was the plan, if you are talking about the tariffs. There were regional and local elections all over the US the day prior. If the Tariffs were announced before those elections, the R candidates would have lost more ground from the repercussions and the huge stock losses incurred, as we all witnessed. T, or his people, knew this and decided that announcing one day after would be less disruptive. As it turned out, a lot of D's won many seats regardless, though even more D's would have won if the elections were after the tariff details were announced.

 

Here is an article that lists the Tariffs imposed by the USA.
Notice the Tariffs are only on countries who have Tariffs on US products, also the US Tariffs are in most instances 1/2 of what the offending country is charging us. Notice the key word "Reciprocal"
What am I missing here?

Trump Tariff Chart: Full List of Countries Hit With 'Reciprocal' Tariffs


Example:




If Tariffs are so bad why don't other countries reduce their self-imposed Tariffs against the US to 0% and then their Reciprocal Tariff would go to 0% right?

“Reciprocal. That means they do it to us and we do it to them,” Trump said. “Very simple. Can’t get any simpler than that.”

 

Besides Heard and McDonald Islands being home to just penguins, and excluding Russia? The tariff level the administration cites for countries is wrong. For example, South Korea has a free trade agreement with the US. The majority of goods they import from the US aren't taxed, and what they do tax is no where near 50%. The numbers on that table aren't based on any actual tariff rate, so there is no way for a country to reduce them to zero. They are RINO, reciprocal in name only.

Trump tariff formula misrepresents global trade economics, experts say - ABC News
Donald Trump's Tariff Formula 'Based on an Error'—Conservative Think Tank - Newsweek

 

no surprise ...

 

Out of that whole story, the part that came from WaPo and two anonymous sources seems to be the paragraph about the rates being set three hours before the Rose Garden speech, and the next paragraph about the unused efforts by other officials across agencies.

 

South Korea's acting president calls for talks with US over tariffs
"After the tariff announcement, South Korean officials signalled they were seeking to negotiate, rather than retaliate.
Han asked the industry minister to analyse the content of the tariffs and actively negotiate with Washington to minimise the impact, an industry ministry statement said."

"Trump in his speech singled out Washington's Asian security allies South Korea and Japan, accusing them of being among the worst offenders for conducting unfair trade practices against the United States.

Analysts in Seoul said Trump's extensive rollout of tariffs would inflict a significant blow on Asia's fourth-largest economy."

Reciprocal Tariff's can always be adjusted to get their desired impact or even eliminated if necessary - spoiler alert -not the end of the world.

In a Victory for Autoworkers, Auto Tariffs Mark the Beginning of the End of NAFTA and the “Free Trade” Disaster - UAW | United Automobile, Aerospace and Agricultural Implement Workers of America

UAW president backs Trump's tariffs as one trade 'tool'

UAW splits from past position to support Donald Trump's tariffs

The USA has to do something to fix its negative trade gap and manufacturing base - it has absolutely no choice in the matter, the new Reciprocal Tariffs are a first try - maybe they will work maybe not - but at least America is trying again to right its economic boat in global waters.

 

Ask not what is wrong with your cult leader, but what you can do for your cult leader.
4547 reads his cult.
“I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters.”
The tariffs are a mess, uncalled for, and serve one purpose, a transfer of middle class money to fund a tax cut for the rich, the very rich.
And 4547 still clings to China pays the tariffs, not us. Or has he said he was wrong about that yet?

 

California budget deficit balloons to $73 billion- CalMatters

Fiscal irresponsibility has no Political Party it is simply irresponsible.




What Cult / Political party does the UAW belong to?

 

US debt is not because of trade.

The UAW believes this will bring back those jobs lost through the years. It won't. Companies will set up non-union shops, and they will make more use of automation to compensate for the higher labor costs here. "It signals a return to policies that prioritize the workers who build this country—rather than the greed of ruthless corporations." They are fools to believe this with Trump or any Republican. Meanwhile, the members will pay higher prices as a result of these tariffs.

They calculated these rates off some notion of the country 'stealing' from the US. It's how flightless water fowl got hit with being charged 10% to ship whatever the administration thinks tell sell to people. Reciprocal implies the tax was in retaliation to tariffs those countries were imposing on the US, when the trade balances are due to the choices of businesses and consumers, not governments. Are people buying the Prius because of some unfair trade practice?

Are Trump's products from China being charged the tariff?

South Korea was just one example.
But this get to talk. Not just with the US though.
"South Korea, China and Japan held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the three Asian export powers brace from U.S. President Donald Trump's tariffs.
...
"It is necessary to strengthen the implementation of RCEP, in which all three countries have participated, and to create a framework for expanding trade cooperation among the three countries through Korea-China-Japan FTA negotiations," said South Korean Trade Minister Ahn Duk-geun, referring to the Regional Comprehensive Economic Partnership."
https://www.reuters.com/world/asia-pacific/south-korea-china-japan-agree-promote-regional-trade-trump-tariffs-loom-2025-03-30/

 

Taiwan won't take reciprocal tariffs against US, will remove trade barriers

Bessent rejects warnings of a recession and says more than 50 countries are trying to negotiate tariffs



Reciprocal Tariff's can always be adjusted to get their desired impact or even eliminated if necessary - spoiler alert -not the end of the world.

 

No, that table is a total lie. This is exactly how Trump always deceives the people.

The tariffs are not reciprocal at all. What they call the tariffs charged by the other country is actually the percentage trade deficit with that country and what they call the reciprocal tariff is that divided by two. It has nothing to do with that country’s tariff rate. The idea behind it is to exactly make up for the trade deficit using that simple formula by imposing that so-called reciprocal tariff, which is actually nothing but reciprocal.

And this is the worst part of the big lie: Who is going to pay for these “reciprocal tariffs” to make up for the trade deficits? American people of course! It is a tax on the American people! It will do little to hurt the other countries but the US. It will not close the trade deficits but tax the American people. We will be lucky if the economy doesn’t go into a downward spiral with a deep recession and runaway inflation at the same time.

 

Says the party claiming the border was secure & everything is just fine.

 

They are extortion tariffs supported by a made up expert.

How did the previous trade policies add to the national debt?

 

Bit by Bit by Bit ?

 

meh.

Several things can be true at once.
Tariffs are bad - except when they're reciprocal or you're trying encourage bad actors towards a better path.
If these tariffs were Joe's idea, the donkeys would think he's brilliant and the pubs would be flopping and twitching and claiming that this is the end of life on earth as we know it.
I've heard more than one person (not going to dime them out) say that they've lost six figures in the market since this latest nontroversary has started.....
If we presume that the market is down by 10-20% then that pretty much means that the people that are being hurt THE MOST are the upper-10 percenters, eh?
About half of Americans don't even HAVE a 401K - or 6-figures in the market to LOSE.
...Somebody told us that Wall Street fell....but we were so broke that we couldn't tell.....

NEVER try to catch a falling knife.
Since I'm more than 2020 years old I get to say that I've seen this all before.
I do have a 401k.
I could not tell you with any accuracy how much is in it now because I only look at it a few times a year, and I'm not interested in cashing it out while I'm employed - and I hope to be employed until I 'Biden-out' or reach max SS age plus a few years so that I can buy something foolish for retirement.
Maybe a new BEV?
They'll be DIRT cheap by THEN....



Six months from now the Donkeys will be complaining about something NEW that's "unprecedented' and TRUMPs lickspittles will be lavishing praise on him for playing 4-d chess.

Like I said.....
'meh.'

 

The tariffs are anything but reciprocal. See my previous post. That reciprocal thing is a big lie, and who is paying for the tariff is (obviously) even a bigger lie.

 

Must be [Biden | Obama | Clinton | Soros | Pelosi | donkey] fault. ​

Soon enough, we'll find out how long it takes for this MAGAots' excuse to wear out.

Bob Wilson

 

President Trump’s Tariff Formula Makes No Economic Sense. It’s Also Based on an Error. | American Enterprise Institute - AEI
"The tariff the United States is placing on other countries is equal to the US trade deficit divided by US imports from a given country, divided by two, or 10 percent, whichever rate is higher. So even if the United States has no trade deficit (or a trade surplus) with a country, they still receive a minimum tariff of 10 percent.
...
The trade deficit with a given country is not determined only by tariffs and non-tariff trade barriers, but also by international capital flows, supply chains, comparative advantage, geography, etc. "

Cause it isn't about unfair trade, fentanyl, or whatever, but about shaking others down. It's why countries that have done no wrong to the US end up having 10% applied. The 50 countries seeking to talk because of the tariffs are likely doing so in order to point out that there is no trade imbalance between them and the US, or it is cause of influences outside their control, or that they are just moneyless penguins, or even to deliver an official, diplomatic FU; like this https://priuschat.com/threads/china-turned-off-u-s-supplies-of-rare-earth-minerals-critical-for-all-technology.254670/

"But even if one were to take the Trump Administration’s tariff formula seriously, it makes an error that inflates the tariffs assumed to be levied by foreign countries four-fold. As a result, the “reciprocal” tariffs imposed by President Trump are highly inflated as well."

Their scam works better with the higher numbers, making for a bigger threat to intimidate with. Though they likely still made it by mistake.

"Now, our view is that the formula the administration relied on has no foundation in either economic theory or trade law. But if we are going to pretend that it is a sound basis for US trade policy, we should at least be allowed to expect that the relevant White House officials do their calculations carefully. Hopefully they will correct their mistake soon:"

 

great - we've come to this ... MAGots vs Libtards
Mccoy's versus Hatfields
Nothing new Under the Sun

 

He has no idea what he is doing as usual. He bankrupted every business of his, and he will bankrupt the US now.

His supporters will soon realize what they voted for once things start turning really bad. The enemy of your enemy is not always your friend. He is out to ruin everyone now.