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“We’re going to take in hundreds of billions of dollars in tariffs"
...from ourselves.
Trump still doesn't understand what tariffs are. You'd think the moron would have Wikipedia'ed tariffs at some point after talking about them for so damn long.
My theory is he fully understands tariffs, but it’s a convenient way to siphon money off from Americans into a coffer he can steal that doesn’t require the IRS.
.. and, he understands that every new tariff threat tanks the US stock market briefly, so he & his masters can sell first, 'buy the dip' a day or so later and make quick profits as the market recovers. Blatant manipulation.
... up until it stops being a "dip". I don't think these people care about having more. I think they want everyone else to have less.
it is a grift, he knows his supporters are pretty stupid, that he has stated in the past. and he will probably be selling them something down the line.
He’s never stopped. Bibles, those weird digital fantasy representations of himself, coins…
I love browsing estate auctions. Maybe that makes me a voyeur of sorts, either way, the amount of Trump coins that show up, consistently, since 2021 or so shows how much they’re buying.
that sounds kinda cool actually, i just got into thrift shopping. Any good resources for getting started with estate auctions, and do you ever find anything worth the effort? Im a minimalist and just sort of furnishing my place or trading up
Bingo, he’s robbing from the poor to give to himself.
I don't think he even understands how taxes work in all honesty.
How could he understand something he has never even tried to deal with.
Yup. And they're something he controlls, so when a company or country wants to get an exemption to his tarrifs so they can be more competitive they need to grovel.
It's an extortion racket, mixed with a poor tax, mixed with insider trading. Honestly as far as Trump grifts go, this one is pretty impressive. Just don't know how long he'll get away with it before his followers start to feel the pain.
I noticed this phrasing as well. Our government is taking this money from the poorest half of its citizens, and Trump either doesn’t know that or is intentionally clouding the waters for those who still dont know what tariffs are.
When he's saying "we" he just means himself and his lackeys
Yeah, I have been reading this over and over. This is what happens when a person is imprisoned in an isolated upper class society. He is sick and has no idea that the majority of his own people are already suffering. People are dying because of this horrible man and it won't stop with those who are deemed others or people across the borders and ocean he absolutely gives zero fucks about. Before too long, it'll be Americans who will die horribly and the country will reap repercussions for decades to come. I didn't think I'd live to see America become the enemy, but here we are.
trump and his father did bully one of his brothers to alcoholism for being a pilot. he only knows how to bully people. i think that is one of the reasons why trump doesn't touch liquor too.
so, he's gonna put a 10-15% tariff on all imports? everything?
that would do just one thing, get every other country trading ONLY with each other---and NOT the u.s.
I mean, people will still trade with the US, but no exporter is going to eat those tariffs out of the goodness of their heart or fear of the Orange Menace, so prices in the US will go up, likely a bit more than the amount of the tariffs as suddenly volumes are lower and administrative overhead is higher. Then the US economy slows in a way that will not rebound quickly, and investment in the US becomes much less attractive due to low customer buying power and the inability to move goods freely. All of this of course reduces the amount actually collected in tariffs. Reduced economic activity may ultimately have positive knock-on effects for many, but the direct economic impact worldwide, distributed, will definitely be negative.
I don't see a single way this is good for anyone, aside from those who can directly benefit from access to the levers of power and/or just want to watch the country burn (or at a minimum, smolder).
I think he does, he just expects that in 4 years time the US will be booming and the bitter pill at their inception will have passed
He probably should look at the effect of China's tariffs and trade disputes on Australia.
he only look what he did the first time with soybeans and china. China found a new source of soybeans elsewhere, american soybean farmers never recovered.
Wow I'm so so glad we fucked over France for a submarine deal. We're definitely going to get those submarines right? For no more than the promised amount? I'm feeling super confident that fucking over France was a clever thing to do.
Honestly it sounds like both of them were shit deals, but that's what we get for living in plutocratic dictatorships masquerading as "democracy".
the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.
I will never understand how Americans developed a taste for his constant hyperbolic bullshit.
Really? Tariffs? Rehashing pre-WW1 economics theories is the greatest thing America has ever done? Greater than abolishing slavery? Greater than the civil rights act? Greater than the moon landings? Greater than the invention of the transistor?
Trump is at a point where nobody bats an eye to this. Trying to hold him accountable for literally anything he says is futile, and half the country things that quality is a good thing and they enable it.
You have a section of America that wants more manufacturing to return to the US, and they see tarrifs as a way to make more production domestic. Those people haven't thought through that that will cause a lot of inflation and will heavily impact a lot of the manufacturing industry that the US still has.
Even if this plan succeeds, it's not like the countries you just tariffed are just going to allow American exports into their markets. It will shrink the whole economy AND cause inflation at the same time. Economics fear this state for a reason.
What do you mean? America is so strong and powerful, these countries would never fight back.
/s
They forget they don't have the production plants or skilled labor for all this stuff they plan to build. Hell, they won't even have unskilled labor after they finish deporting everyone.
OK, so even if they do build it all and somehow get it working, nobody is going to buy any of it because they pissed the world off.
Finally! The American kangaroo farmers were really hurting because of unfair competition from Australia.
No amount of protectionism will ever dent our dominance of the spider market.
But if another country wanted to then I am all for it. Yours Truly the Australian Arachnophobiac.
I can't wait for Trump to come up with the brilliant, never before thought of "just print more money."
He was never going to give us an exemption and anyone believing he will is delusional, like Trump.
As an American, I am just hoping Trump doesn't learn any additional economic terms. I keep expecting him to try to replace our federal income tax with a VAT.
Dear Australia, please sanction the shit out of us. We deserve it. Sorry we are so terrible.
I don't speak for all Australians, but fuck Trump.
Maybe learning Mandarin wouldn't wouldn't so bad
If you have to chose between Mango Mussolini and Winnie the Pooh. Winnie starts to sound better all the time.
At least the CCP values education, and is basically the most highly educated regime in all of history.
America is just a religiously mentally ill idiocracy that aggrandizes pure narcissism and individualism. It's a dead end.
Trump is very clearly there to line his own pockets with these tariffs. Do they really need to cut all these federal jobs with all that new federal income?
Time to shut down Pine Gap
Especially now that
The US have told the Five Eyes to stop sharing intelligence with Ukraine - something I suspect the other Four Eyes may have a moral problem with, and
The US is obviously compromised. Sharing intelligence with them is akin to just handing that intelligence straight to the "enemy", whoever that may be these days.
He's like someone rocking back and forth in the corner of a padded room repeating to himself that "the tariffs will save the economy" and "the tariffs will make us billions" over and over again while those tariffs, especially the way he tries to use them, are the very thing that is destroying the economy.
This man will cling to his delusions that the problems their economy is having right now are caused by his predecessors and keep doubling down in doing the very thing that is sinking the economy, completely incapable of admitting fault, until his entourage finally turns on him.
I'm giving him another month if the stocks continue tanking at the rate they currently are. The collapse has sped up today.
This is just a way to plunge the market value so he and his cronies can buy cheaper stocks.
“Common what?”
“Sir, it means the Commonwealth of…”
“Fucking get it.”
I fucking hate this. I fucking hate every day in this countrymen I FUCKEN HATE YOU TRUMP
ITT: people still don’t get that all of his actions are taken to please his owner.
"Think how stupid your average ~~American~~ person is, and then realize half the population is dumber than that."
So the US recession is not coming fast enough then.
Civil war when? When will people take to the streets to get rid of this guy who is making their country even worse than it was before?
I think the rest of the world has 5 billion total. All the rich assholes have 3 trillion total.
How is he going to get "Hundreds of Billions"?
Putting aside that's not how tariffs work- we only export around $13billion per year to USA. Even a 25% tariff would require somewhere around 30 years for that US consumer paid money to even hit $100m, but he said Hundreds (plural)
Is this some 42D Chess (no) that Australia is going to see a 5x or more uptick in exports to USA?
Go on Trump... DO IT.
The moment you do, AUSFTA is torn to pieces, a very one sided agreement but you seem to want to throw away all your benefits, so go ahead!