Lutnick: The European union is going to pay 15% Baier: So this 15% is on the difference the $200 billion trade deficit; is that right? Not the $2 trillion we trade with each other, right? Lutnick: No, it's all exports to America… except for a few little things
"so Bowing doesn't have to pay tariffs' - he let the cat out of the bag.
So a deal that doesn’t benefit anyone. Thanks, Idiot In Chief!
When tariffs are imposed on imported goods, the importers (typically businesses within the country imposing the tariff) are legally responsible for paying the tariff to their own government. Anyone actually believe businesses will NOT raise consumer prices to cover the extra costs of the tariffs? 😅
It’s still not a done deal
So Boeing doesn’t have to pay tariffs because “they are our great company…” but we still have to? Got it. Corporate welfare.
Would like to know what "a few little things" are and why they're singled out.
...I’ll believe it when it’s printer and signed!... Just a pre-agreement... Meanwhile Epstein!....
Boeing exempt from tariffs ? Why if it's the Europeans who pay the tariff, there is no need of an exemption. Ooops slip of the tongue
MY head aches. America's education system needs an overhaul
Pay more for the stuff being imported to America. To… encourage Americans to buy locally produced goods…. I guess!!!!?
That only works if you actually produce the product you are taxing to try and get people to buy locally. MOST of these products being tariffed from all these countries the US does NOT make & the corporations that do are in NO way going to spend billions to build manufacturing in the US.
US consumers pay tariffs with higher prices and then increased inflation FFS.
Licknut stinks of corruption
😡
It's called the vaporware tariff. Or more accurately, a tax.
Unless TACO man lives up to his moniker.
Nutlicke cannot put a pretty picture on this pig.
Hire a moron you get a moron Interesting
Kakistocracy indeed.
A 15% tax on all EU goods and services will be hugely inflationary. How could it not? Plus inflation creates an expectation of additional price increases creating a compounding loop of higher costs.
Gee, thanks, Mr. Genius President, and Mr. Commerce guy for increasing prices for me! That’s super helpful!
How does Americans paying more help America, sir? Please explain and show your work.
Here’s another one too - if they are “raising all the money” from the tariffs - I read an article that said they’ve already collected more tariff money than in history, then why are they still running a higher operating budget than same time last year? What about DOGE “savings”? #WhereIsTheMoney
He can't show his work, tRump ate all his crayons
That is AMERICAN CONSUMERS WILL PAY 15% more on all goods bought from Europe.
He is more obnoxious than Homan. At least Homan behaves like a Nazi, Lutnick is crazy F.
There is a reason why he is called Lutnick.... does it sound like Lunatic?
I wonder if they also see that every consumer in countries penalised this way is going to avoid American products as much as they can.
The art of winning big
Finally, the penny drops... Congratulations, you voted to pay 15% more for all goods imported from the EU. Wake the f*ck up MAGAts
Why do they all sound like loudmouth gangsters?
And yet Wall Street is having an orgasm over the trade deal
More taxes on us means less taxes on them. To trickle-down proponents, it’s wonderful. But when supply-and-demand reality kicks in as consumer spending drops, they’ll soon be crying for a bail-out.
OMG. Can someone explain to them how tariffs work.
Bond Brokers Bullshits Brilliantly This performative crap needs to die before Trump & his cretins destroy the global economy and the planet.
So our prices are going to go significantly up on a lot of shit Gotcha Some deal
It's as if a confederacy of dunces formed a think tank....
The best people.
The disinformation and lying about how tariffs work and who REALLY is paying for them is truly astounding. Trump just concentrates on the fact that tariffs paid for imported goods will go STRAIGHT INTO the US Treasury for him to use for his own schemes, and it's the importers and taxpayers who pay.
Soooo, is Everyone getting to know Lutnick, The Liar/POS yet?... This is just a taste of who this Creep is!
Exactly. He’s bonkers and he’s a pathological liar, just like everyone in this regime.
💯🎯💯!!!
📌
Lutnick is another boil on the ass of life who licks Oval Felon’s boots clean every day-Lutnick is an amoral world class Ass kisser-And he has an obvious disdain for working class people-Tariffs are paid by consumers. He knows that-It’ll be nice when we freeze Lutnick’s billions and he’s in prison.
He’s also a bad liar & an idiot. Or he thinks we’re all morons. Boot licking toadie is right. He makes me sick. How do we stop this? My Sen’s are Durbin, who seems feckless & useless & Tammy Duckworth, whose valor & sacrifice & service is totally ignored. She is a brown one after all. 🤦♀️
Durbin needs to retire.
I used to like him, but it seems like all he does are send sternly worded memos. What’s the point? I am losing faith.
Bunch of carnival barkers.
Americans pay the tariffs
I would appreciate it if the mainstream media would start calling it a "tariff tax" when reporting on this horrible economic situation. Maybe it would make a difference in the midterms.
So crazy how excited they get about raising our taxes.
because they have the flock believing these countries are paying the tariffs directly to the govt, ask any trump supporter and they’ll tell ya ‘we don’t pay the tariffs, it’s all Biden price gouging, he made stuff expensive, trump is making countries pay to sell their stuff here, buy American’
Because they all have government contracts. The tax money they collect from the poors goes straight in their pocket.
Lunatic
Nutlick is a bullshit merchant. #LockHimUp !
Trump admin doesn’t get it. The world is disgusted with USA. We are refusing to buy your products: -Nutlick’s & Trump’s open manipulation of the stock market for personal gain -pedophile/blackmail enablers -Israel/USA Palestinian genocide/Apartheid -smashing human rights of USians -white supremacy
…plus harbouring Nazis…
How does the American people buy this shit ? Has USA people become that stupid ?
Yup
Yes. Remember, USA is #1 smart
humm ... wonder what the "few little things" could possibly be.. - possible little exceptions being Illegal and irreprehensible bribes to the Grifter 'N Chief?
They aren’t paying anything, WE are paying it! This is worse than their “trickle down” scam, but the rubes will believe them.
Trump nor his admin really understand tariffs. They actually think EU is paying the tariffs on goods imported to America. They actually think taxing the American people is making us money.... somehow?
FOX viewers will nod along and blame higher prices on Biden. Lather. Rinse. Repeat.
Interestingly, this one is getting through to some of them...
Lol still not gonna buy your beef or chicken slime.
Imagine this joker as your accountant: "Why are bailiffs knocking on my door?" "It's fake bailiffs. You're actually making more money than you've ever earned before"
Snidley Whiplash
Amazing that this ghoul sits and smirks as he brags about jacking up the price of European goods, he's either a dumb ass or a lying sack of shit.
Both
Lutnick was the neighbor of #Epstein for 10 years😡 #CriminalCabinet
Yeah, no mythical sky-daddy had any part in that.
Can ya imagine all the perverted shit he might have done.
I really wonder if he even knows what a tariff is? Nope
THE EU ISN'T PAYING IT, AMERICAN CONSUMERS ARE. Lutnik is an idiot.
LUGNUT lives in the house in NY that Epstein owned, and that trump, Elon, Peter thiel and more violated 12 year olds. Sick fuck. Who would want to live there unless they have fond memories of being there?
No, you idiot. All Americans are going to pay an extra 15% on almost all European goods.
No. Export countries pay ZERO, Lutnick. US importers pay the #tariff to the US Treasury and THEN it’s passed onto the CONSUMER. How about a visual, will that help, Lutnick? Are you stupid or lying or BOTH?
And the reality is the importer increases what he charges to consumers and retailers because of risk of not selling all items which retailers also hedge on and increase prices, so reality is US consumer likely is paying 20% to 25% when they buy it for a 15% tarrif.
Oy vey. I guess we'll learn more as we enter the 'find out' phase. #FDT ~ #FGOP & #FBBB as well.
Europeans have strident safety standards across the board. American frankenfood is not wanted. Same in Canada. Where their produce rots on shelves, their dairy and poultry/meat considered toxic. You can’t force feed consumers to buy crap. Keep it in the US, you’re gonna need it at home.
And it’s absolutely genius!!!
Lutnick failed to explain the „few little things“ excepted from the 15%. Most likely stuff aligned with his family business trust's interest.
Americans are paying 15% tax on all imported goods and the EU is paying zero. Got it.
They have no idea what they're talking about. Every little factoid they present is pulled directly from their rear ends.
Lutnick slipped: Aircraft parts are exempted so *Boeing* doesn’t have to pay the tariffs…that Europe is supposedly paying…?
Nutlick has no clue about anything I'm thinking.
The US citizens wil pay 15% for European articles. Trump doesnt understand how this works
Yes he does. He doesn't care that we pay more
Yep
Is there a point to the Russian asset's words?
if Lutnick said it wasn’t going to rain, I would take an umbrella
And he'd make you pay for the rain and charge you a tariff on the umbrella.
And sell you the water of the puddles while complaining it is Biden's fault if it rains
bsky.app/profile/5nar...
So basically Americans are gonna pay a 15% tax for anything from the EU. Got it 🤡
Not basically; exactly that
In 2 weeks
Wait. Not true. Those airplanes trump-project 2025 are making fall from the sky (so they can privatize/scam the FAA) will need some parts from the EU and won't be tariffed/taxed the extra 15%. Boeing made a deal with the devil. Or did the devil make a deal with the devil?
And they better damn well like it because the billionaire bridge troll said so !
Or to put it another way. EU trade negotiators -who do maths- worked out that letting the USA impose a 15% tariff on some auto components and a 50% tariff on steel and aliminium would drive manufacturing jobs back to Europe. www.theguardian.com/business/201...
A $300bn price increase right there.
And the EU now pays zero
Exactly that. Manufacturers will now pay $300 billion in tariffs to manufacture in the USA or $0 to manufacture in Germany - where the workforce is better educated and more productive.
Expect everything to be at least 15% more expensive. From everywhere. And, the taxes collected are going where?
He’s so full of shit.
🙄😖😩🥴 [I have no words.]
Lugnut still thinks we are all stupid.
bred by TruckNutz...always bumping his head off the driveway. Flooding the zone.
Good grief, these people are idiots and they think we are too!
Lutnik worked at Cantor Fitzgerald, a financial company. I wonder how he made deals. Bullying? Because he’s a literal snake oil salesman.
Either an idiot or a liar.
I’m going with both!!
Either an idiot or a liar.
It doesn’t have to be either/or with them. This guy is doing a terrible job at being a public face of US capitalism.
What a fucking deal.......for the EU
And, by the way, who wants to fly on any Boeing airplane?
Here comes more inflation for American consumers!
You spelt it wrong, it's "Nutlick"
I'm surprised that any other nation would want to make a trade deal with the Trump regime. They can't even get their stories straight from day to day. Plus, their word means nothing and is subject to change without notice.
Stuff from Europe just got 15% more expensive thanks to the stable genius 🤦♂️
right! The EU got the better end of the deal, no tariffs on American products makes things cheaper for Europeans. There hasn’t been a Village Idiot like him in the history of villages, everyone says so, bigly!
We don’t even want most of your products because often they don’t comply to European safety standards They guy is lying that the EU got rid of all of these
We have the same issues in Canada. Especially hormone filled dairy products.
I switched to plant based products and haven't looked back. I also have my own organic garden and triple filtered water. The ground water here has a lot of contaminates from farm runoff. And they wonder where all the cancer comes from. Roundup, and the like, should be banned.
Roundup is poison
🎯
Roundup is one of the least of the pesticides. It may increase the likelihood of thyroid cancer from 2 in a 100,000 yo 3 in a 100,000 with direct exposure. It has a short half life. It id ubiquitous but one of the safer herbicides. I didn’t be more worried about organic insecticides like Nem oil
Well I am because it goes together witheet selective breeds of crops, killing every diversity nature needs to survive Also, if your crops get pollinated with the round up crops, you could be forced to pay, while you never wanted those genetics
The only problem with crops being polluted by round up ready crops is they can’t be killed with round which you don’t want to use. Yes ppl can use round up to increase monoculture farming which is bad on so many levels.
Killing weeds can lead to less biodiversity and the demise of beneficial insects ( and insects we’ve like the monarch)but better farming practices with hedge not sprayed can be incorporated with use of roundup Round up used judiciously is invaluable innovation no till.
We have a lot bigger things to worry abou It has a place in no till farming . Plowing causes thousands of tons of soil erosion,destroys native nesting bees. It’s fine to not use roundup on your own garden but without knowing about the whole farming eco system you just may be doing more harm
Everything produced in the US is poison.
I don’t think that, but we do have stricter or different food standards
All American products are now a Buyer Beware. signed an American
They’re not going to buy our beef or fish or chicken because they don’t want to feed their kids poison food
So prices on Eurogoods are going up 15%, ain't that right, Lutnick you tool. My Guinness'll cost me $15 a six and my new Porsche'll run me $175 grand. And then you'll give that extra money to the rich as tax cuts. Fucker.
*Yeah, I should mention that while I do enjoy Guinness, I can't afford to buy or insure a new Porsche, but there's always the dream! lol
Yeah that sounds about right cause the little guy sure as hell ain't seeing any of it. 🤨
Who in the world would eat US produce knowing it's full of chemicals and hormones? No one in Australia is going to eat US beef over quality Oz beef for example and country of import labelling is law. Fkn deluded....
@down.blue
⬇️ Sure! Press here to download it!
Hey is that the ugly deformed, parasitic twin growing from Harvey weinsteins asscrack? Howard Nutlick? Right, same thing
So, American importers are subject to an import tax of $300B... EU exporters may lower their costs (likeky, only temporarily, if at all) to offset that US importer obligation in an attempt to retain the US importer as a business partner, but they aren't obliged. Baier, today's bullshit factory MVP
It'd be nice, just once, if a reporter/presenter could point out that tariffs are paid by the importer, immediately, at point and time of import. Even if INCO terms are DDP, the cost is still passed on, incorporated into the cost of the goods.
Will be interesting to see how the EU population and parliaments will view this garotte, and if it will induce them to buy anything from the US in future
Nah, we're fine.
Yay. Another National Sales Tax courtesy of MAGA and Trump. Golden Age of the Feds taking our money.
Our greatest export is Boeing?
But it’s all fine because his mother-in-law will be ok
Sometimes you wonder how Lutnick got the job... But when you hear him speak it is all clear, Trump only hires people with less of a brain as himself.
I don't believe that Lutnick is stupid, he just knows which side his bread is buttered.
You mean Nutlick?
Stupidity comes in many forms....
It's gotta be hard to dig those people up.
Never forget that Lutnick was Epstein’s next door neighbor. All roads lead back to #ReleaseTheEpsteinFiles
They’re going to be really surprised to learn than most Europeans don’t need or want to buy anything from the U.S.
Since when does an exporting country pay tariffs? Oh wait, they don't!
Lutnick is a liar and an idiot.
LUTNICK IS IN THE EPSTEIN FILES
I don't know if this is true but it could be...so they should just produce the files.
As Epstein's next door neighbour and real estate partner... 🤨 👀
Lugnut lies w such smoothness. Between dump and his cabinet, wonder how many lies are told in a day.
Boeing gets a break how come they don’t have to get factories built for what the Europeans are building? The auto industry would relate like to know.
“Really”
What a fucking dipshit
the EU doesn’t pay a dime, dipshit. The end consumer pays the tariff.
What's with all these 'investments' in America that TFG is asking for? Investing in what? What? And why that much? What's the scam?? What's the QPQ? Need details.
Are these Proj25 people planning on stealing all of the 'trade' $$$'s? Where are the $Billions going? Into our General Bank Account? Do we have a say in where it goes? We don't trust these people w/our tax dollars. Or our votes. Or our country.
Extortion
Tax increase on American consumers.
Trumps Tariff Tax
This is a Tax on American people
On top of the 11% that the dollar has lost to the Euro. So enjoy paying an aggregate of 26% more for European goods thanks to these cocksuckers. Though the importers only pay on the wholesale price, the retailer or some other middleman will mark it up on retail price and pocket the difference.
Licknut is a either a lying asshole or a stupid asshole
Remember, his kids (who now run his company) are buying up tariff refunds at pennies on the dollar. They are banking (literally) on them being reversed and refunded. Since they obviously have insider knowledge, stay tuned. Also, the stock market has limited change as a result. Like they know now
Lutnick’s a fucking moron. How well did he know his neighbour in Palm Beach?
Ask him what the tariff rate on the EU was before orange asshole raised it the lowered it. The net result is that European goods will cost more now than under Biden.
So it's a 15% tax on the American people if you buy anything from the EU? Ok now we understand.
How many times do we always have to explain a 15% export tariff is actually a charge on European goods in the US?
#Nutlick is a very dumb man with limited skills to trade stocks.
Why are they allowed to go on TV every night and lie about who pays? It's such a simple fact. Americans pay that 15%. Not a penny from Europe. How is this unclear?
French wine went up already.
out of topic but, maybe someone could help me understand and believe me I am not complaining that's why I love this platform but, how come this platform is not inundated with a bunch of MAGA freaks and bots, being horrible in the comments? like literally NO MAGATS! only empathetic people! I LOVE IT
Because we get to control what we see. No algorithm and the block button works. maga finds it impossible to amplify their ravings when users simply block them.
Pretty good Report mechanism, too, to get rid of hateful trolls of various kinds.
Everyday, the trade tariff today is…
This is economic policy pulled from their asses.
The EU has a trade difference with the US on goods, but the US exports more (digital) services to the EU than vice versa but somehow Trump and his goonies are never ever talking about that. And yes the 15% is not paid by the EU but...🥁🥁🥁🥁🥁.... by the US consumers, causing .....🥁🥁🥁🥁🥁🥁🥁.... inflation.
Nutlick is either a complete and utter moron for claiming the EU pays the tariffs or a habitual liar.
Or both
Probably both.
The EU won't be paying cent more. Americans will
The EU isn't PAYING anything. It just infuriates me that people don't understand this.
No, the EU won't pay 15%. Tariffs are import taxes. The US importer pays the 15%. The likely inflation is part of why interest rates have not been cut.
so a tax across the board, nothing to do with a trade deficit
Why the f’ck do these guys still continue to say things like “EU is going to pay 15%”. The exporter (EU) doesn’t pay the tariffs. The importer (US) does. And Lumnuts knows this. If I wanted to suffer being gaslit every day I’d still be with my ex!
So the tariff is on the people. I knew they were going to find a way to bankrupt the people.
This is not deal making. This is punching yourself in the face and saying you won the fight. It’s just dumb
Imbeciles running the country
FOX "News" is almost getting there. By 2027 they'll be able to say "so what you're selling me is bullshit" fingers crossed 🤞🏾
He is losing it.
NO
The European Union isn't going to pay anything
I love the EXCEPT OF COURSE BOEING IS EXCLUDED
Someone give Lutnick a brain
LOL there is no deal. This is "framework"
Lutnick is basically a complete idiot like everyone else in Trump's cavalcade of morons
A few little things like Lamborghinis and Bugattis?
So we are being taxed an additional 15% on goods from Europe, how great is that!
And Europe is collecting the 15% from U.S. importers and passed on to consumers. Sounds like a great deal for Europe right?
My understanding now is that the percentage of tarriff goes to OUR government not the country we are importing from. 🤔
Sounds backwards. I'm so confused. 😄
So... the cost of doing business with the EU just went up to $2.3 Trillion dollars for the same trade? That the US and EU consumers are going to pay? Feels like the EU consumer is going to look elsewhere, and the US is going to... pay more?
Morons
Bullshit
🤬🤬🤬🤬
BS! WE THE PEOPLE ARE PAYING TO OFFSET THE BIG BILLIONAIRE BILL AND THEY ARE NOT GOING AWAY
Boeing reported in April it was already closing shop here & moved to other countries? They pay & we pay them back with higher prices This could bankrupt America
Absolute morons, the lot of them. What these tariff clowns don’t get is that even if the partner countries agree to tariffs, their populations will go out of their way to boycott American products and services. Canada is proving that will bells on.
A $300 billion tax increase on American consumers.
Howie is a really bad liar.
🤡
So more than 5x tge tariffs today's. Tariffs are taxes. # TaxTheRich
All these people saying "the EU rolled over" like, what? They get American imports at standard prices and we pay at least a 15% tax on all European imports? Sounds like a good deal for them. Am I missing something?
Apart from LNG and over-priced weapons systems, there isn't much that we buy from the USA.
I don’t trust this guy
On another topic Lutnick, I heard you were next door neighbors with Epstein. Anything you’d like to talk about?
Lutnick: The American consumer is going to pay 15%, fixed it
The only smart decision Lutnick ever made was to not go into the office on 9/11/01.
Let me get this right, all imported goods from the EU, into the US are 15% more expensive for the American people, BUT American goods stay the same price for EU citizens, and this is good for the United States?
Don’t worry- we don’t buy US products
The enthusiasm of the presentation is insane. Congratulations, Americans! You get to pay 15% above cost of your new VW car to reduce the taxes of billionaires. Added bonus, their Rolls Royce was exempt. Win-Win! So much winning.
So the republicans have become the “tax and deport” party? Got it.
I would say more the “tax and detain then deport” party as the industrial prison complex is a money maker 🤮
Say what?
I know zilch about economics but I’m pretty sure I know more than the guys Trump has appointed to help run the economy. 😅
In short, price hikes upwards of 15% on EU goods for Americans
💯🎯
So tired of this lying lollipop guild voice motherfucker
We can see which goods and their byproducts in the USA, we consumers will see prices rising:
How the hell did Lutdick manage a business?
Heard he ran Donalds casinos lol
With really great staff that did 95% of the work for 20% of the compensation probably 🤷🏻♀️🤷🏻♀️
Idiots. Basically saying don’t look at all his rapes, look at the 15% (at minimum) he’ll (hell) will take away from your pay.
Even Fox News is like.....naw...not how that works.
So we send nutlicker the bill so he can pay us and then go after the EU for reimbursement?
It's a fucking tax on consumers. These lying pieces of shit.
Fox entertainment is for those who can lie with a straight face .
I think this guy used to sell used cars, or carpet.
Used carpets, probably.
Lutnick on TV lying to the American people again. US Consumers are paying 15%, or more if they gouge too, to cover every dime Trump’s Tariffs place on other Countries. Other Countries just pass the costs back to US Consumers. There is a reason this hasn’t been tried again since McKinley!
Nutlick is lying as usual. Europe and Europeans aren't paying 15% more, it is Americans who will be stuck paying 15% more.
Thanks for the tax hike! #maga!
“The best people”
He’s almost as dumb as Trump.
Europeans are not going to pay squat. Americans are going to pay 15% more for imported pharmaceuticals for no logical reason. “Tariffs are not the answer for promoting greater domestic production of these products,” the drug industry’s main lobbying group, PhRMA, said in a statement in May."
So the Trump plan is huge tax increases in sales taxes on Americans. MAGA 😒
Narrator: American importers are going to pay the 15%.
How much will European importers of U.S. goods pay?
Zero
Still cannot see that a tariff is paid by an importer NOT the exporter.
The EU has not voted to make this deal official. Japan’s deal is also looking suspect.
He's just so damn happy to be so stupid and have unfettered ability to lie without consequences.
Limpdick is such a fucking putz and a liar
I keep reading that the EU has signed a lopsided deal. I don’t know how Americans paying 15% more for stuff they can’t get in the US from the EU has that big of an impact on the EU?
