Is this a new scheme implemented in lieu of taxing billionaires directly?
Trump 2.0 official thread
- Thread starter siegecrossbow
- Start date
Is this a new scheme implemented in lieu of taxing billionaires directly?
We probably deserve it to be honest.
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So far, only the syringes and needles are subjected to the 245% tariffs, but there are 8 other categories of good that are subjected to 145% tariffs or higher.
But yeah - The Era Of Decoupling Is Upon Us! Lets Gooooo!!!!
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broadsword
Brigadier
Syringes and needles because fentanyl?
Surely at this point Jensen Huang and his ilk should know which side will guarantee his and his family's security and economic rights.
Article from WSJ
"One brain behind the strategy is Treasury Secretary Scott Bessent, who has taken a leading role in the trade negotiations since Trump announced a 90-day pause on reciprocal tariffs for most nations—but not China—on April 9.
Bessent pitched the idea to Trump during an April 6 meeting in Mar-a-Lago, said people familiar with the discussion, saying that extracting concessions from U.S. trading partners could prevent Beijing and its firms from avoiding U.S. tariffs, export controls and other economic measures, the people said."
I feel like Bessent's head is going to roll if not enough countries pick the US to the exclusion of China.
1949 - 1991:
The ones who set up the Iron Curtain 1.0 = 华约
The ones who didn't set up the Iron Curtain 1.0 = 北约
2025 - ?:
The ones who set up the Iron Curtain 2.0 = "华"约
The ones who didn't set up the Iron Curtain 2.0 = "北"约
Me thinks their allies already picked a side when they started selling treasuries.
The Art of The Deal Schizophrenic
manqiangrexue
Brigadier
Like I said, it's not one-on-one anymore because they all know about each other and now, the "salesman" has made yet another very critical mistake by announcing, or rather failing to gag-order Bessent from announcing that the US needs deals with all these countries to isolate China. America wanted to isolate each small country, tell them that they are nothing, and America's market is everything so they'd best sign whatever contracts they're given. As pathetic as that is for a country that fancies itself a world leader, now America finds itself with countries uniting against it and knowing that America needs them for a trade war with China. The White house now has such poor leverage that Bessent is acting like a desperate car salesman offering shady incentives for countries to be the first to sign. And he's getting no takers.
The easiest job in the world is now is to be a negotiator for the EU. They can literally sit at the table and tell Trump, "You need us to isolate China. We don't need you; our economies have suffered when partnering with you. You'd better give us top privileges, the best you have; we take it all and we can demand more. Because if we walk away from you, and then we sign with China, every chance you ever had in this trade war dies with the door closing behind us. The EU will be rich with Chinese goods; China will be rich selling their goods to the EU. The equation is closed with America out. If we walk, you lose the century to China. So give us your best offer, and then we'll tell you to double... no, triple it, or we walk. Matter of fact, just give us your black checkbook and we'll figure it out back home."
That's the type of leverage the EU now has over the US. And what if it swings the other way? What if the EU signs with the US against China? LOL Then we're back to the Biden era, the US and EU, 2 consumption-driven economies failing to complement each other but trying to do so against the global dominance of Chinese manufacturing and innovation.
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