Trump about to crash US economy - 25% tariffs

Author: Best.Korea

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#1
Best.Korea
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"The White House said Friday that Trump would impose a 25% tariff on goods entering America from Mexico and Canada and a 10% on Chinese goods starting today. The move could drive up prices on products coming from those countries."

Few things can happen here:
1. Canada, Mexico and China reduce its export to USA, causing shortages in USA
2. They increase prices of their products, causing rise in prices in USA.
3. They impose tariffs on US goods
4. Mentioned countries agree to do nothing and to become poorer due to tariffs
5. Illegal import increases

It seems that only 4 is very unlikely.

It is very unlikely that Canada, Mexico and China will agree to fully pay the price which Trump asks them to. I mean, why would they?

Why would they agree to make themselves poorer to make USA richer?

It seems that only a low IQ American can actually believe that tariffs benefit the country who uses them.

Economical experts, who studied tariffs, hold opinion that they are essentially useless because they have to make someone poorer or achieve no result.
#2
FLRW
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@Best.Korea

Well, if it wipes out his base I'm good with it. I know it won't wipe out his billionaire friends.
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#3
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@FLRW
He can only make up for this if he really reduces government spending.
#4
FLRW
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OBTW I'm trying to attract more women to the site.
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fauxlaw
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@Best.Korea
So, why didn't any of those things on your list occur in his first term, which had an average 1.9% inflation rate,  below the expected rate [2.5%] for a good economy, and was 1.4% in his last quarter? You forget we've been here before, and, but for Covid, which is turning out to be as much or more a Fauci-born experiment gone wrong than a legit epidemic.
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#6
Best.Korea
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@FLRW
OBTW I'm trying to attract more women to the site.
Yes. This site needs more women. If nothing works, we turn this site into a strip club.

#7
fauxlaw
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@Best.Korea
What do you think he's been trying to tell us he'd do for the past ten years, only Democrats are deathly afraid of him, in spite of the success of the first term, which was maligned by lawfare. Their fear is misguided, and totally obtuse. They're a greater threat to democracy by their constant whining, let alone their conversion to marxism. Marxis li0nized as being this brilliant industrialist. He never ran a lemonade stand, and worse, never knew how one could be made successfully competitive. Marxism has never endured more than 100 years, and typically fails in 40 years, simply because they do not know how to create wealth. Spend it, no problem, there, but one can spend only what one has, or consumes.
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#8
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@fauxlaw
in spite of the success of the first term
Most people wouldnt describe Trump's first term as success.

#9
Shila
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@Best.Korea
in spite of the success of the first term
Most people wouldnt describe Trump's first term as

What do you find successful from the list?
Trump has been impeached twice, indicted 4 times with 91 felony counts. Ordered to pay 88.3 million dollars for sexually assaulting and defaming E.Jean Carroll. Trump was fined 464 million dollars for business fraud and is in court for paying a porn star Stormy Daniels hush money to keep her silent during the elections. Trump's false or misleading claims total 30573 over 4 years Trump has been charged with tax fraud in Chicago to the tune of 100 million dollars. A New York jury on Thursday found Donald Trump guilty on all 34 felony counts of falsifying business records — the first time a former U.S. president has been convicted of a crime.
#10
cristo71
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Looks like another example of Trump’s predilection for brinkmanship.
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#11
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@Shila
This site is now a strip club, by the way.
#12
Shila
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@cristo71
Looks like another example of Trump’s predilection for brinkmanship.
Jan 18, 2021 — The U.S.-China trade war caused deep damage to many American farmers and their livelihoods.

92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers

The United States Department of Agriculture has distributed up to $12 billion in financial aid to agricultural producers most affected by China's retaliatory tariffs.
#13
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@cristo71
Either that, or he is making endruns around entrenched monopolies by providing real incentives for new players to emerge in the USA.
Destroying foreign monopolies means room for Americans to grab a share of the market. It's a very good time to invest.

#14
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@Greyparrot
Perhaps, but I have read that his intent is to get Mexico to take more responsibility for their borders and cartels.
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@cristo71
A tough battle as the Mexico president is an Elizabeth Warren...
#16
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@Best.Korea
Most people...
"Most people..." who? you and your pocket mouse? Sorry, I will accept legitimate statistical results, having some professional skill [I am a Six Sigma BlackBelt] in the science of statistics. Political polling, specifically, is some of the worst statistical analysis in existence, all due to the fact that analysis depends on good data input. Political "stats" never begin there.
#17
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@Greyparrot
Agreed. When looked at objectively [unbiased by wokeness], America First is a worldview objective. It's just that somebody must lead that effort. Welcome, Donald Trump, because he knows what is good for American endeavor is good for the world, so long as they agree what is best for them. There's certain room for naysayers, but, meantime, the room is moving on. 
#18
Shila
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@cristo71
Perhaps, but I have read that his intent is to get Mexico to take more responsibility for their borders and cartels.
Mexico is already taking care of the skilled labour shortage in America.
#19
WyIted
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How do you combat trade deficits then?
#20
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@fauxlaw
Thing is, if you increase standards of living and therefore increase expectation. You therefore overprice output and risk a decline in trade and jobs.

Fortunately the USA still  has a ready supply of cheap immigrant labour...GOD bless them.


Tarrifs is is just isolationist policy.


Wouldn't it be great if we could all work together for the betterment of mankind.


Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha.
#21
Shila
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@zedvictor4
Wouldn't it be great if we could all work together for the betterment of mankind.
The world is trying. When will America join in?
#22
fauxlaw
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@Shila
Trump was Impeached twice by Speaker Pelosi who violated House Rules 9, 10 , 11 to obtain an impeachment. Impeachment is the political version of indictment, which means nothing without conviction, which Democrats failed to achieve.

Trump 91 felony counts on indictments that failed to specify the feloneous crimes. Only crimes listed in the indictments were misdemeanors. Oops. Just one reason why a reasonable appellate court will overturn the trial and conviction.

Trump was not found guilty of sexual assault. It was not a criminal trial. He was found liable [guilt is not involved in a civil trial] for sexual abuse, not assault. Please learn the difference.

Hush money is not illegal; it amounts to a legal contract. She broke it, not Trump.

Who claims 30,573 “false3 & misleading…?”  You and your pocket mouse? Neither are criminal charges unless associated with a known crime. Lying, unless under oath, is not illegal. And that 30k+ is, over 4 years, about 20 lies per day, which Psychology Today says is about the average in the U.S. Average is not excessive, and not criminal.

Indictments are not convictions, and the conviction is so encumbered  with problems, the conviction is more likely than not of being successfully appealed, the matter above of felony-specific charges missing from the indictments. The feloneous crimes must be specified, not merely hinted. 



#23
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@zedvictor4
Wouldn't it be great if we could all work together for the betterment of mankind.

Just getting Americans to work would be an improvement.
#24
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@Shila
Perhaps after they've concluded the Greenland deal.

A bit more to add to the national debt.
#25
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@Greyparrot
Yep it's the same over here.

Far too many youngsters wannabee celebrities or drug dealers.

And expect to live on welfare when things don't work out.
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#26
Best.Korea
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@fauxlaw
having some professional skill [I am a Six Sigma BlackBelt
A basic math can tell you that tariffs either make someone poorer either achieve no results.

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@WyIted
How do you combat trade deficits then?
Usually by exporting more or importing less.

#28
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@zedvictor4
@fauxlaw
Indictments are not convictions, and the conviction is so encumbered  with problems, the conviction is more likely than not of being successfully appealed, the matter above of felony-specific charges missing from the indictments. The feloneous crimes must be specified, not merely hinted.

Over the course of five decades, Donald Trump has been accused of sexual assault, tax evasion, money laundering, non-payment of employees, and the defrauding of tenants, customers, contractors, investors, bankers, and charities. Also filed 6 bankruptcies. Trump paid 88.5 million to E.Jean Carroll for raping and defaming her. Trump was charged with paying hush money to porn stat Stormy Daniels to keep secret their sexual encounter while Melania was pregnant with Barron. Trump's false or misleading claims total 30573 over 4 years .
#29
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@Shila
Yep, and they voted for him.

What does that say about the US of A and 50 % of it's electorate.

Would they even care if he was fuc*ing an 8 year old.

Probably not.
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#30
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@zedvictor4
Would they even care if he was fuc*ing an 8 year old.
Didnt Biden touch some kids openly in the public? How many videos are there of Biden touching kids, even making them feel visibly uncomfortable?

He even made some pedophile jokes in public, such as "he gave me permission to touch him" and "Remember, no serious guys until you are 30.".

Besides, Trump is literally found guilty of rape.

It seems that neither really care much for consent.