I can’t stress this enough These rates are the result of magic “math” And they’re being done on the whim of a guy who doesn’t understand how the global economy works.
I can’t stress this enough These rates are the result of magic “math” And they’re being done on the whim of a guy who doesn’t understand how the global economy works.
🌮🌮🌮🌮
Daily reminder that Trump doesn’t have the legal authority to do any of this. It’s magic math and imaginary powers.
And they’re illegal
This is very expensive theater. More expensive than actual theater. Which has become insanely expensive.
It’s tariffs, but as imposed by an antagonist from the Brothers Grimm.
And being done because the Rs in congress are a bunch of feckless pansies
And the price increases will filter in over the next 6-8 months. During which time he’ll be yelling at Powell to lower rates, despite the inflationary pressures caused by his own ineptitude.
Without the collapse of imports, the second quarter growth would be -2%.
Why is there so Little reaction from CEOs? from investors? From the public. European writing here.
Trumpf, the uneducated, undisciplined, & sloth of a man, is no economist. No magic accounting will EVER change this fact. Please add the United States economy and his moral decay towards his fellow man to his list of bankruptcies.
And they were pushed back a week because he’s a genius dealmaker.
Mexico, 90 days, Canada 35%. He hates us sooo big.
Taco turd in action advancing the shitification of the US.
Not to mention illegal “A panel of 11 judges in Washington, D.C., heard arguments each from the Trump administration and two small businesses that say many of his import duties are illegal”
www.nbcnews.com/news/amp/rcn...
We already know this is just about changing the Epstein news cycle - but Americans can multitask
Just imagine all of the money a person could make with insider trading, which I am confident the SEC will look into any day now.
Haha good one
Moreover, a man who has no idea of what the loss of goodwill and political capital is or costs, because he does not have a friend whom he did not buy to be one. America without allies is not "great" by any definition.
I can think of no one who has ever escaped responsibility more for their actions. He is going to saddle all of us and our progeny with the damage he and his supporters are doing now. Generational damage. Decades to recover, if we do.
Everything has a cost, even doing the right thing. It's just that the wrong thing, like now, has so much more to clean up. But don't fall into despair. We have come back from "unprecedented" before.
41% on Syria? What the hell do we import from Syria?
Get Mad - Stay Mad - #Vote Mad, #AMERICA! From Your Pay: #Taxes: - Federal - State - Local - Property - Sales, etc. AND NOW *EVEN MORE TAKEN* From Your Take-Home Pay: - "Tariff Taxes", in the form of Higher Prices - YOU PAY - for EVERYTHING that U.S. Importers Pay #Tariffs On!
But politico tells me he's winning???
Yes, but he'll keep pushing the date back on those tariffs until Hell freezes over. Because...
Trump thinks the "economy" is just a shell game, and he controls the shells. Kinda like how he thought casinos worked. Only worse.
I have to wonder if the idea is to replace income taxes with tariffs--and that way, the 1% can spend their money outside the US and no bother with taxes at all.
And ILLEGAL
As long as he's making the stock market happy, amiright? Oh...
President mood ring has SPOKEN! ! ! for today...
Soooooo...... The market is betting on TACO. Seriously, the story is that every reason given for tariffs has been undermined by everything they haven't done on tariffs. $2400 checks are the latest scams, undermining the "reduce debt" scam.
I knew August 1st would be TACO day.
So basically, our economy is f'ed.
Mr. 1000% isn't too good at math either...
Are these also being implemented on the back of IEEPA?
... who a majority of American voters willfully and stupidly elected, because many of them *just couldn't handle* a smart, capable, competent and decent Black woman in the office. Along with ignorance and apathy, racism and misogyny are cancers which will kill this nation.
Why did the stock market recover so quickly from the original insane tariff announcement when the tariffs plan was merely slightly delayed?
Because of TACO. He backed off, they expect he will every hiccup (without admitting it of course). As the kick in, inventory gets used up and replaced, and costs go up, look out.
Trump is a chicken, but he's also a true believer in tariffs. He backs off but comes right back with more. He's successfully ratcheted up the actual rate several times already on major trading partners.
Oh, I agree. He will even at some point double down on them to fix something they are causing. But the market doesn't think that (at least yet).
significantly lower tarrif then was originally proposed
But still much higher than anything we had before. Still a massive shock to the economy. The taxes are a billion PER QUARTER in added expenses for some companies and the uncertainty, changes, and confusion is also bad for business.
Agree, and clearly the stock market is high on a huge supply of hopium.
These tariffs are a VAT tax alright - a vat of steaming sh-t!
At some point soon, the world says, "screw this, we'll wait out the uncertainty." Then what?
I had a boss (who was brilliant with math) that would have called this “beer math”…. I think it fits
To be fair, he doesn’t understand how the domestic economy works either.
They picked him to wipe everything clean, a reset, to bring in the next system of global finance
Trump is an absolute jackass who is costing us more every day because he thinks tariffs are paid by exporters rather than importers.
Stop trying to figure out the puzzle. The purpose of the tariffs is only so that he can issue tariffs- and then get a reaction. He doesn’t care about the amounts, the agreements, the deadlines… as long as he can keep issuing the tariffs and watching people jump. Tariffs are power.
He still thinks we're bringing in revenue from foreign countries. Who'd going to tell him?
If Trump thought Canadians were mad before, he ain't seen nothing yet.
You're talking about the same man who tries to draw his own maps? He doesn't even know math!
"Whim" is the right word.
It is just mind boggling that there are not enough serious adults left in Congress to stand up and say "You know what, there is no emergency. Trump doesn't get to set the tariff rates anymore"
Correction - not enough in the congressional MAJORITY aka Republicans won’t stand up & say there’s no emergency. There are Democrats that have voiced this early on but only the GOP can stop it. They are power hungry, cowards. This hurts ALL their constituents & even folks like Bezos.
That really isn't a correction. There are not enough, period. If there were enough, there would be a majority. That is the definition of a majority. The Dems only need a handful of republicans to break with the president, and then there would be enough.
I think it's possible that he just doesn't care, this time it's all about the freaks. Like rich conservative families who traditionally crossdress their children when they disappoint them as a punishment, and into adulthood; this is what Hoover was, not a transsexual, and with split-personality.
Like why their surname ancestor came to America was this! And then there's the belief that if they find one of their children to perform this role to freely create the punishment personae, that signifies they were always powerful people in the medieval county, never serfs, all w/o ever being a king
It’s like a game show on TV. Unfortunately, this is not a game. This demented fool is going to drag the entire world economy down the toilet.
How many bites at the market manipulation apple are they going to get?
And doesn't give a shit about American citizens.
Also a man desperate to change the narrative…
Oh, no. They're being done on the orders of a murderer who knows what chaos he's creating, so that he can rebuild his Soviet Empire.
Seeing all the numbers based on a multiple of 5 is an instant red flag. They aren't tariffs properly done. They're just whatever number sounds good in his head. Proper tariffs have specific numbers with decimals for particular products. Not entire countires.
He ‘now’ only cares about an Epstein diversion - shakedown the world.
I remember republicans vilifying Obama for signing executive orders when he couldn’t get congress to pass legislation. Now we have POTUS legislating via EO and whims without complaint. My, how republicans have changed.
I think any kind of math is beyond the orange idiot.
Elected by the The Fuck Is Math party
Small correction: And they’re being done on the whim of a guy who doesn’t understand how the global economy works AND WHO DESPERATELY NEEDS TO DISTRACT FROM HIS NAME BEING ALL OVER THE EPSTEIN FILES. Thank you for your attention to this matter!
It's his compulsion to amass money writ large.
He doesn’t know how anything works.
He’s gotta Diet Coke button
"Foreign leaders 'ringing Trump's phone' for tariffs deals", says Leavitt. I guess no one is actually answering the phone.
Wait to see what happens August 7th.
Literally, the worst game of chicken ever.
Sigh 😔
Kai, you may never see this. But thanks for your honest explanations and clear understanding of our capitalist system. Nobody has to agree with capitalism, and it has many faults, but it is what it is. If the administration wants socialism, state control, fine. But you can't have both.
A new tax on the American consumer. Is this what MAGA voted for?
Maybe the key question is whether the regime is following laws made by Congress. That’s the most magical aspect of tariffs. The math is secondary.
He doesn’t even have the power to do this, so ignore it.
He can't impose tariffs. It's illegal and a judge just said as much. All these countries know this. He is a fool.
I thought all these deals were made. Another lie 😳
Welcome to the tariff store. It's the one where the clerk is trying to get you to buy more potatoes by holding a rusty knife to his own throat and saying "or else!"
What in God's name did Laos, Bosnia, and Moldova do wrong?
If you wanted every country on Earth to rush to China, you couldn’t ask for a better friend than The Orange God-King of America
Where are business leaders? What are they scared of? That trump will impose random tariffs? Oops.
How did the penguins do?
To be Fair and Balanced™, he doesn't understand how the domestic economy works either.
To be even more fair, he doesn’t understand how anything besides raping children works
I've been warning my customers about tariffs for weeks (EU manufacturing) just for these dipshits to delay again? Cannot do business like this.
5D chess, Art of the Deal, he has more money than you, get on the Trump train, etc.
These aren't tariffs. They're a shopping list with numbers.
From a guy who doesn't understand much of anything.
What a fucking moron. The only thing worse are those allowing this nonsense.
stupidity reigns because Orange Fascist Felon Sex Criminal reigns with impunity and is "allowed" pardons for insurrectionists & whomever (so did so) & insurrectionist himself but was excused by corrupt oath violating Supreme Court life appointed obsequious pricks...next up sex predator & trafficker
Tomorrow is Friday Every Friday he crashes the market And on Monday....he gets richer.
I used to call it "math salad", but I remembered that I am of Cajun heritage and now I call it "math gumbo". Throw everything into the pot and no one really knows what is in it (even Trump).
I think calling it anything other than math slop belies its lack of organization. At least a gumbo you have to put thought into
And whatever his whims, he doesn’t have the legal authority to impose them! The fact that the judiciary is acting so slowly on this issue is proof of just how inapt they are to dealing with this crisis.
It's a kindness to give him the appearance of a full head of hair
With the kind of money he has, you would think that he would get some extensions…..
Did the penguins sign a trade agreement?
Did they negotiate an agreement with the penguins?
Perfect
He understands how a shakedown is structured, though
TBH, Kai, I don’t think he understands how DOMESTIC economics work, either….
Or how anything works, really.
TACO Thursday.
PINO pretends and GOP congressmen enable him. Disgusting.
And lies
41% tariffs on Syria? 35% on Iraq? What?
Cool, we get the same as Iraq. Wtf
America is a toddler that only learns through burned fingers. God help us that the house doesn't burn down.
But he got his degree at Wharton in economics-SAD
And Dimon is okay with Tariffs. But he also uses Myers Briggs to select people knowing that it is not validated.
...and what's your fucking beef with laos?
why did pakistan get 19% while sri lanka got 20?
What sort of fallout do you expect?
They are illegal. There is no emergency that warrants the president implementing tariffs.
Can you explain why NPR News (with you as the exclusion sometimes) told us for a decade that THAT GUY was a legitimate presidential candidate and Joe Biden was weak?
Where is Russia?
I am trying to spin the tariffs in my head as a highly regressive carbon tax.
Being done on the whim of a guy that doesn't give a fuck if America burns. Fuck trump.