You know what will be interesting? Lets reduce the US trade deficit in a single day, most countries with a trade surplus with the US should band together and reduce or even ban the exports of essential goods that the US needs for a month and when these stooges complain about what is essentially an embargo, these country should respond with "Hey, we only resolving the issue that you are crying about"
Miscellaneous News
- Thread starter bd popeye
- Start date
Is what you saying is that there is now no opportunity cost economically speaking to taking Taiwan?
I expect him to play the ROC card sooner or later. By threatening China with war that is over a trade ultimatum
But that is what Ron Vara wants, Zero Deficit, that best way and quickest way to achieve what THEY WANT is to no selling to the US.
Zero tariffs is not going to solve US trade weaknesses, the only possible real way to reduce the US trade deficit is the voluntary cut of the number of traded items to the US.
Some random thoughts on Monday amid stock/bond/commodity market turmoils.
I never thought, at any given moment, that Trump et al. are dumb or stupid or whatever woke media calls it. History teaches us that grave mistakes were made by some smartest brains at the time. So just clarify that IQ is never an issue.
So why? Well, in short and in summary, US federal government has no money, period! Practically speaking, Biden admin used up all wiggle rooms w.r.t. federal government fiscal options. Whatever you might hold views on Musk or DOGE, he is deadly right on the fiscal situation. But is there any other better option than this draconian tariff thing? For one, tax the rich, including the rich individuals or the rich corporations, which Trump would not do. In other words, Trump 2.0 cannot find new meaningful ways for the Internal Revenue Service, therefore, they are re-inventing the External Revenue Service. Even if Musk DOGE could cut 1T federal deficit in a best case scenario, the Trump 2.0 admin still needs new funds to do their things. So they turn their sights on "external sources" of federal income. I am not saying or judging if their way is good/bad or rational/crazy. I am just trying to state the fact that, as soon as Trump 2.0 got released on Jan. 20th 2025, they got no money. So here they are doing ...... and this is just the beginning ......
I never thought, at any given moment, that Trump et al. are dumb or stupid or whatever woke media calls it. History teaches us that grave mistakes were made by some smartest brains at the time. So just clarify that IQ is never an issue.
So why? Well, in short and in summary, US federal government has no money, period! Practically speaking, Biden admin used up all wiggle rooms w.r.t. federal government fiscal options. Whatever you might hold views on Musk or DOGE, he is deadly right on the fiscal situation. But is there any other better option than this draconian tariff thing? For one, tax the rich, including the rich individuals or the rich corporations, which Trump would not do. In other words, Trump 2.0 cannot find new meaningful ways for the Internal Revenue Service, therefore, they are re-inventing the External Revenue Service. Even if Musk DOGE could cut 1T federal deficit in a best case scenario, the Trump 2.0 admin still needs new funds to do their things. So they turn their sights on "external sources" of federal income. I am not saying or judging if their way is good/bad or rational/crazy. I am just trying to state the fact that, as soon as Trump 2.0 got released on Jan. 20th 2025, they got no money. So here they are doing ...... and this is just the beginning ......
What you salty Wumaos failed to realize is that 2800 dollars in IRS stimulus more than covers the 6 trillion dollars rout in stock market.
I thought tariffs were paid by the American populace
On paper it is. But if you read messages between UK or Vietnam or others and US Trump 2.0 team, at least they hope they can squeeze some juice out of others. The net result would be (1) US importers pay some portion and (2) foreign exporters cover other portion. For example, Trump 2.0 explicitly said over the weekend that Europe need to pay reparation in addition to tariff concessions, for Europe has been ripping off US for so many years. In essence, it is a tax. But I do think this tax would not be entirely shouldered by the US consumers.
"I thought tariffs were paid by the American populace"
---
Not in the first round; it was largely absorbed by the fall of the yuan and partly by Chinese companies. Hence the conviction of Trump's advisors that it will be the same this time; but on the one hand, this time the yuan may not fall, and on the other hand, Chinese companies' margins are already shockingly low, horribly low.
---
Not in the first round; it was largely absorbed by the fall of the yuan and partly by Chinese companies. Hence the conviction of Trump's advisors that it will be the same this time; but on the one hand, this time the yuan may not fall, and on the other hand, Chinese companies' margins are already shockingly low, horribly low.