Anyone who said that is so colossally dumb they ought to be fired merely for having said that. Then again, and this administration, a complete lack of intelligence - double entendre here - is an asset.
Trump's Tariffs and Possible Trade War
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Anyone who said that is so colossally dumb they ought to be fired merely for having said that. Then again, and this administration, a complete lack of intelligence - double entendre here - is an asset.
They are playing to a base that isn't too savy.
The level of self-deception people give themselves to pretend this guy is some awesome and smart dude.
Btw - where did all that DOGE savings go and where did Musk go all of a sudden? He was going to stand guard and primary every Republican who strayed, right?
Hey looks like Trump caved and negotiaged a worse deal with China than we had before all this stupidity. It is pretty bad that Trump's greatest accomplishments consist of him just stopping doing whatever dumb stuff he started.
From what I can tell there is no "deal". They both reduced tariffs for 90 days in order to continue negotiations. Is there something I missed? If so please post a link because I'm interested.
Same. Last night I saw a Trumper talking about how "China blinked" and Trump is winning. I'm naturally skeptical about this, so after a little digging (VERY little digging; I was tired) I found information that confirms your post here.
Deal is probably the wrong word. We agreeded to temporarliy reduce tarrifs for 90 days at rates higher that before this started. It doesn't look like China agreed to do as much example the rare earth metal export ban is still in place best i can tell.
It’s a step in the right direction. I think the idea behind the China tariffs is right but the implementation has been bad. It’s now a recovery mission and every step in the right direction is a good one. Let’s see where we are in 90 days. There are too many that see everything either too positively or too negatively because all of us go into it with biases.
The guy who used the word “deal†is Trump’s trade Rep who actually came back to prison he enjoyed it so much.
White House says it has a deal with China while Chinese call it 'consensus'
After second day of talks with the U.S., Chinese Vice Premier He Lifeng said trade talks with the U.S. “achieved substantial progress and reached important consensus.â€
abcnews.go.com
While U.S. Trade Representative Jamieson Greer called it a “deal,†Treasury Secretary Scott Bessent, who was in Switzerland for the talks with Greer, said only that "substantial progress" had been made.
And the White House uses the word “dealâ€Â, too. Given we are talking about a clown with a limited vocabulary, it’s fair to use the word he loves so much.
Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States
SECURING ANOTHER HISTORIC DEAL: Today, on the heels of the brand-new deal with the United Kingdom, President Donald J. Trump reached an agreement with
www.whitehouse.gov
SECURING ANOTHER HISTORIC DEAL…
Which direction is that? Right now we are in no man's land on the China tariffs. The tariffs are higher than before, but not high enough for companies to move jobs back. So we get higher prices and no jobs. Is this what winning looks like?
30% will move manufacturing out of China. Much of that will not come back to the US no matter what any politician says. It just can't be done profitably. Higher end things that can be largely automated may come back or come in for the first time. if can't be here it can move to other countries in SE Asia and South America. It would be better for the tariffs to be lower but still sting to push the companies to move. it may have been better to go up by 2% every six months or do a system where it goes up 1% then 2%, then 4% and so on to give companies time to get out.
Getting all critical supply chains out of China should be job number one for any president concerned with national security, but it hasn't been since this nonsense of relying on an enemy to make stuff we need started decades ago. It's like saying at the height of the Cold War, "hey let's have many of critical pharmaceuticals, and electronics made in the USSR, and at the same time let's source needed resources for national security from them as well. It makes no sense and it has been a dereliction of duty by every president since the first Bush.
I'm not really sure China is the problem. Taiwan is the problem with semiconductors and the geopolical issues over there.
Have you noticed the Republicans have not repealed the CHIPs Act? Any reshoring of manufacturing will likely ride on the rails of this legislation but they will say it's because of Trump's tariff regime.
I'll tell you what this (sort of) reminds me of: Democrats basically insinuating that electing Kerry in 2004 meant a few days after he took office, we'd just pick up all the tent stakes, load all the weapons on planes and/or ships and head home. Republicans are acting now the same way, that if we just put tariffs on these folks, companies will close shop in China in a few days (weeks? months?) and build entirely new factories or distro centers right back here in the good ole USA. And it will cost even less because, you know, then the makers won't have that long distance to travel on/over oceans or pay them tariffs that they'll pass onto the consumer.
It's magical thinking at its worst. And for the record, I'm not saying Kerry wouldn't have - MAYBE - withdrawn us from Iraq, but he wasn't going to take the oath of office and then say, "Everybody come home," either, which was the suggestion by his advocates. I pointed out Obama wasn't going to do that, either. The withdrawal actually began under Bush and Obama finished it in late 2011....cynically I would add, just before the election campaign heated up for 2012.
I found it highly interesting that the largest automotive importers into the US are GM, Ford and the company formerly known as Chrysler. Talk about unforseen impacts from tariffis for the US.
Kevin Wamsley operates a business and resides in China and has over 100k viewers around the globe. Here is his latest today from China:
Kevin Wamsley operates a business and resides in China and has over 100k viewers around the globe. Here is his latest today from China:
I am not going to tell you who it is as I am a laboratory manager, but I just got this email a few minutes ago.
Then remember that hospital laboratories have sometimes multiple dozens of suppliers…… and this is only the laboratory, it doesn’t include other sections of the hospital.
So what you are saying are things work exactly how economists say and end customers are the ones that pay for tariffs? Shocking
A VERY small step. It will have no effect at moving jobs back to America because
1. That's mainly a pipe dream.
2. Even if some jobs do come back, nothings going to happen until there is a semblance of stability in the tariff rates. And since Trump has demonstrated a willingness to change policy on a whim or because his panties get in a wad, even tariff stability might not change things much.
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I don't think Trump himself even believes his tariff myths any more, but he's going to find it impossible to gaslight the entire country as the COL rises. I think the GOP is heading for a midterm bloodbath, thus the desperation to pass the "big, beautiful bill"...
Once people figure out what is in that bill, I'm not sure that is a good thing for them.
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