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The Trump Tariffs thread

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MomentsofSanity said:
Chump admin already balked and Bessent laid out the off ramp on the Sunday shows. Now it's if we do a free trade deal with China.

Can't wait for Chump to contradict him so that has to be walked back.

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So their plan is to make trade with the US very awkward and expensive for both parties in the hope that that will make Canada want to trade more with the US?
 
K1052 said:
While tariff grandpa randomly rages the adults are doing business.

https://bsky.app/profile/reuters.com%2Fpost%2F3mdfprso3m72p
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*shakes head in disgust* Ttrade deficits are NOT an economic emergency. FFS! We’ve had them for a very long time, and no economist thinks it’s an emergency. But what Trump’s really testing here is his power to say something’s an emergency, even when it’s complete nonsense. Over and over, Trump has threatened tariffs for all kinds of reasons: against Brazil for prosecuting one of his fascist buddies; against European countries for not supporting his annex of Greenland; against France after Macron declined to join his “Board of Peace”. Economic emergencies "not found". But Donald Trump is so far gone, is so wrapped up in his own delusion, that he forgets that he’s supposed to maintain that there are "economic emergencies" a foot. Trump doesn’t remember that he’s supposed to stick to certain talking points in order to keep up appearances, in order to make it seem as if the emergency is legitimate, even though it’s not, even though we know it’s not. And he routinely, with increasing frequency, admits that it’s not. These fucking justices on the SC better be taking note of the fact that Donald Trump is effectively confessing in public that the entire rationale for his tariff policy is a complete sham, and only in place for his personal whims.

The White House is claiming an economic emergency that doesn’t exist, and Donald Trump is forgetting to maintain the pretense that those emergencies are real. And Mike fucking Johnson is useless. One of main hallmarks of Trumpism is that all the corruption is right out in the open. His own voters are supposed to thrill to this. He is essentially saying in every which way: "You’re damn right I’m corrupt. I’m going to be corrupt for YOU! Trump just giving the middle finger to Congress in every way, and Mike Johnson is just kind of rolling over and taking it and clapping like a trained seal. Thre are many Republicans who oppose these "tariffs" behind closed doors but are to fucking scared to say anything or do the right thing. Republicans: "We are populists that are here for the average American" - Then they wipe away the Affordable Care Act and then he cut taxes for the rich. So the populist story is complete bullshit.

The tariffs are an enormous abuse of power, and no institution in American governance is stopping him from doing it. That’s what the story will be if at the end of the day the Supreme Court upholds the tariffs after Trump has given the middle finger to the entire world about them. They need to realize that there needs to be checks on this tariff bullshit because they still have some responsibilities to the law, despite recent history. If the SC and the Republicans let him get away with his tariff scams, we would be looking at a breakdown of American governance at crisis levels that should cause major and real anxiety among the American people, because there is no defense for those circumstances. There is no way to rationalize. There’s no way to defend. There is no way to see this as anything other than a genuine crisis of American governance.
 
I don't see a button to share this article for free, but if you have a Wired subscription, it's great. Here is my favorite part which sums up what we have been saying quite well

"
For the 80 years since the end of World War II, the US model of innovation, trade, and economic hegemony has been built on a foundation of six seemingly inviolable traditions and policies held steady across both Republican and Democratic administrations: (1) easy access of immigrants to the US, particularly its unparalleled world-class schools and universities; (2) rich and steady government support of higher education, medical research, and laboratories; (3) broad and ever-more-frictionless trade access to US markets and, reciprocally, a flow of US products to the rest of the world; (4) a firm, unyielding, and unquestionable adherence to the rule of law at home that made the US a predictable and safe place to create, build, and do business at home; and (5) a similarly firm, unyielding, and unquestionable network of geopolitical alliances abroad that knitted together a security blanket that stretched around the entire globe, backed up by the most powerful and widest-ranging military ever seen in human history.

All five of those pillars helped firm up and underpin another equally critical pillar: (6) a politically independent and fiscally prudent monetary policy that established the US dollar as the world’s safest reserve currency. This made US Treasury bonds the savings bank for the entire world—for democracies and authoritarian regimes alike!—and made US banking networks and capital markets the place to be for any company looking for access to investors.
Surely presidents tinkered at the margins of this recipe—cutting here, investing there—and sometimes even fundamentally altered it, as Richard Nixon did when he took the US off the gold standard in 1971 and rewrote the era of the Bretton Woods economic model created in the wake of World War II. But even then, Nixon understood how the pillars reinforced one another and pointed the way to a future still led calmly and steadily by the United States. And, yes, surely due to a combination of missteps, from the disastrous imperialist adventures in Iraq to the 2008 financial collapse to miscalculating the rise of China, US power had already ebbed from its moral standing and unipolarity that it held at 8:46 am on Tuesday, September 11, 2001. But a quarter century after that peak, day-in and day-out, the US still served as the anchor and foundation of world peace, power, and global institutions. (It’s worth noting, too, that after those 9/11 attacks, NATO rallied to America’s side, invoking its “Article 5” protections for the first and only time in its history, and Denmark was such a staunch partner that the tiny Nordic country suffered the third-highest per capita death toll fighting alongside the US in Afghanistan and Iraq.)

It is impossible to overstate the gift of security, wealth, opportunity, and sheer innovation that these six foundational pillars of the US policy achieved for both the world beyond and Americans at home. To be clear, America’s eight-decade reign atop the world order was hardly without great human cost—felt most acutely by those on the far edges of the Cold War, from Vietnam and Cambodia to Africa and Latin America. But scratch at almost any titanic achievement of humanity across the last 80 years in human history and you’ll see the traces of America’s six foundational policies, from the astounding achievements in human health and well-being to the decline of world poverty to the very invention of the internet. Pick almost any measure of business success and I can show you how that six-part recipe applied. To choose just one: All four of the world’s $4 trillion companies—Nvidia, Alphabet, Microsoft, and Apple—saw immigrants or their children play a key role in their success.

And yet systematically over the last year—in ways that Putin or Xi couldn’t have dreamed we would do to ourselves—Donald Trump has undermined all six pillars. In recent weeks specifically, he has done lasting and irreparable damage to the rule of law, global alliances, and the independence of US monetary policy.
 
MrSquished said:
I don't see a button to share this article for free, but if you have a Wired subscription, it's great. Here is my favorite part which sums up what we have been saying quite well

"
For the 80 years since the end of World War II, the US model of innovation, trade, and economic hegemony has been built on a foundation of six seemingly inviolable traditions and policies held steady across both Republican and Democratic administrations: (1) easy access of immigrants to the US, particularly its unparalleled world-class schools and universities; (2) rich and steady government support of higher education, medical research, and laboratories; (3) broad and ever-more-frictionless trade access to US markets and, reciprocally, a flow of US products to the rest of the world; (4) a firm, unyielding, and unquestionable adherence to the rule of law at home that made the US a predictable and safe place to create, build, and do business at home; and (5) a similarly firm, unyielding, and unquestionable network of geopolitical alliances abroad that knitted together a security blanket that stretched around the entire globe, backed up by the most powerful and widest-ranging military ever seen in human history.

All five of those pillars helped firm up and underpin another equally critical pillar: (6) a politically independent and fiscally prudent monetary policy that established the US dollar as the world’s safest reserve currency. This made US Treasury bonds the savings bank for the entire world—for democracies and authoritarian regimes alike!—and made US banking networks and capital markets the place to be for any company looking for access to investors.
Surely presidents tinkered at the margins of this recipe—cutting here, investing there—and sometimes even fundamentally altered it, as Richard Nixon did when he took the US off the gold standard in 1971 and rewrote the era of the Bretton Woods economic model created in the wake of World War II. But even then, Nixon understood how the pillars reinforced one another and pointed the way to a future still led calmly and steadily by the United States. And, yes, surely due to a combination of missteps, from the disastrous imperialist adventures in Iraq to the 2008 financial collapse to miscalculating the rise of China, US power had already ebbed from its moral standing and unipolarity that it held at 8:46 am on Tuesday, September 11, 2001. But a quarter century after that peak, day-in and day-out, the US still served as the anchor and foundation of world peace, power, and global institutions. (It’s worth noting, too, that after those 9/11 attacks, NATO rallied to America’s side, invoking its “Article 5” protections for the first and only time in its history, and Denmark was such a staunch partner that the tiny Nordic country suffered the third-highest per capita death toll fighting alongside the US in Afghanistan and Iraq.)

It is impossible to overstate the gift of security, wealth, opportunity, and sheer innovation that these six foundational pillars of the US policy achieved for both the world beyond and Americans at home. To be clear, America’s eight-decade reign atop the world order was hardly without great human cost—felt most acutely by those on the far edges of the Cold War, from Vietnam and Cambodia to Africa and Latin America. But scratch at almost any titanic achievement of humanity across the last 80 years in human history and you’ll see the traces of America’s six foundational policies, from the astounding achievements in human health and well-being to the decline of world poverty to the very invention of the internet. Pick almost any measure of business success and I can show you how that six-part recipe applied. To choose just one: All four of the world’s $4 trillion companies—Nvidia, Alphabet, Microsoft, and Apple—saw immigrants or their children play a key role in their success.

And yet systematically over the last year—in ways that Putin or Xi couldn’t have dreamed we would do to ourselves—Donald Trump has undermined all six pillars. In recent weeks specifically, he has done lasting and irreparable damage to the rule of law, global alliances, and the independence of US monetary policy.
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Ah, the fruits of installing an utter dunce as president, allowing him to surround himself with wildly unqualified yes men, and then refusing to rein him in...
 
Amused said:
This is how bloody fucking stupid Trump thinks his supporters are.

If you can't see the con here, congrats, you may be a Trump supporter:

View attachment 137756
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And understanding this chart properly is why the GOP hates education.

I dont keep a tight beat on steel production but i dont think we've added any meaningful capacity. We're still well behind china and india in production and we'd have to have a concerted government effort for decades to caych up in any significant way.

List of countries by steel production - Wikipedia

en.wikipedia.org en.wikipedia.org
 
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K1052 said:
lol. Farm bankruptcies are double what they were in 2024 and you collapsed their export markets.

https://bsky.app/profile/atrupar.com%2Fpost%2F3me4kyxfeut2c
Click to expand...

“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.”

― H.L. Mencken, 1920.
 
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