President Trump announced on Truth Social a baseline tariff rate of 30% for both the European Union and Mexico. Other sector specific tariffs still apply.
The EU rate is interesting in that the 30% rate is lower than the Canadian rate of 35%, yet the EU rate exceeds the current ‘chicken tax’ rate historically applied to imported SUVs and Trucks. Strategically, the 30% tariff rate on Europe is a major incentive for various EU sectors to shift manufacturing into the USA.
Without a formal declaration of the end of the Marshall Plan, the reciprocity rate of 30% for all EU imports also equalizes the transatlantic trade benefit. It will be interesting to see how the EU responds, given any retaliation could be added to the existing baseline.
Canada is currently trying to organize a trade agreement with the EU, in the hopes of positioning themselves toward the transatlantic group as they were toward the transpacific group (vis-a-vis China).
The Canadian economic model, to position themselves as a gateway into the USA for Chinese component goods, previously served them well as they exploited a NAFTA loophole. However, the new 35% rate impedes their ability to remain an assembly driven manufacturing model. Similarly, the 30% USA rate toward the EU impedes the Canadian transatlantic approach.
The USA Gross Domestic Product (GDP) is currently 26 to 28 percent of the entire world’s GDP. The USA is by far the most dominant consumer market in the world. President Trump is leveraging access to the U.S. market within the global trade imbalance reset.
Additionally, Mexico also receives the 30% tariff rate applied. Again, interestingly the Mexico rate is lower than the Canadian rate and reflects two distinctly different levels of economic importance. Almost all of Mexico’s manufacturing base exists exclusively due to access to the USA market.
Hundreds of billions worth of investment dollars from both the EU and China have poured into Mexico for the single purpose of generating tariff-free goods for sale into the USA.
Neither Mexico nor Canada can respond to the tariffs as applied against the backdrop of their dependency on the USA market. Both can try to sell their goods and resources to alternate nations, but the costs associated with the transfer of those goods to alternate countries negates the profit incentive to just streamline the internal process and offset the tariffs.
The big question for the EU and Mexico is one we see playing out in Japan, downward wage pressure.
The more a nation tries to offset the tariffs in order to maintain the industry, the less profit margin they have within their operation for wage rates to increase. This is what the USA went through for four decades as the rustbelt took shape and all the manufacturing jobs were offshored.
The Japanese auto sector is now worried about declining wages, the same basic thing will roll forward into China, Mexico the EU, and to a lesser extent Canada. Eventually tariff subsidies run into the natural bottom line of the production sector.
The EU is in the worst possible shape to deal with this wage and labor pressure. Their collective demand toward green energy is extremely expensive and their manufacturing sectors are now facing serious increases in production cost due to the high cost of energy.
The scale of that EU energy problem when combined with the generous worker benefits within the EU creates a reality where they simply cannot take any more upward pressure on production costs, without opening themselves up to cheap Chinese goods.
The EU has massive self-imposed inflation as a result of energy policy. As China maintains state subsidized production, those Chinese goods eventually get dumped into markets like the EU where the domestic suppliers simply cannot compete on price. European Commission President Ursula von der Leyen has been very vocal about this problem for almost a year.
President Trump is leveraging all of these global dynamics in our favor. Cheap U.S. energy, cheap and abundant U.S. raw materials, reasonable open-market labor rates (deportation process assisting), in combination with the world’s #1 consumer base, makes the best bet for manufacturing to come to the USA.
All of that domestic USA economic activity drives expansion of the GDP, which pushes more money into the federal budget and offsets the cost of govt spending. Add to that GDP growth the income from tariffs, and suddenly we start running a surplus to drive down debt and deficits.
Despite all the seemingly noisy distractions on other matters, on the economic front President Trump’s entire MAGAnomic policy agenda is exceptionally well structured and delivering great results.
Any chance these actions get injunctioned?
100%%, but temporarily as the courts will affirm the Executive branch authority to set rates. IMHO
A federal court has ruled that President Trump owes the EU 30% of all tariff income…..
Ha!
Last month..
“The U.S. Court of International Trade (majority Republican Judges one appointed by PresidentTrump) ruled unanimously that President Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA), including those on countries like China, Canada, and Mexico, were unconstitutional. The court found that the President exceeded his authority by invoking IEEPA to impose tariffs in response to purported national emergencies related to drug trafficking. Ilya Somin, a law professor at George Mason University, argued the case against the tariffs, which was brought by several businesses. The court’s decision means the government will need to refund duties already collected.
The court’s decision specifically targeted the tariffs imposed under the IEEPA, which were used to justify broad tariffs based on national security concerns. The court’s opinion stated that the President’s actions were not a legitimate use of IEEPA powers, as the statute’s purpose is to address national emergencies, not to broadly regulate trade. The ruling also rejected the government’s argument that courts cannot review the President’s assertion of an economic emergency.”
The decision was “stayed” pending a decision by the Federal Appeals Court in New York set for July 31st.
I can give you a 100 billion reasons why that decision won’t stand.
“They made their decision, now let them enforce it.”
Well, you have a dope judge who’s trying to overrule Congress over the BBB.
The “dope” judge was appointed by President Donald Trump and had worked as an assistant to Robert Lightizer, President Trump’s trade adviser during his first term.
He was referring to Judge Talwani, an Obama appointment, trying to stop a legally passed and signed bill defunding Planned Parenthood.
Exactly
Exactly what I voted for.
Long version: “Both can try to sell their goods and resources to alternate nations, but the costs associated with the transfer of those goods to alternate countries negates the profit incentive to just streamline the internal process and offset the tariffs.”
Short version: Their chickens have come home to roost.
In so many ways…
Generous worker’s benefits, absolutely.
But don’t forget the incredible benefits paid out by EU taxpayers (especially in Germany) for their “new (and not) improved” citizens, most who do not work at all. Well more generous than those paid to the Germans, for example, who work for or need them.
How oh HOW will the EU with their moronic worship of unreliable energy sources from which they will not budge and their increasingly bellicose warmongering (for which if war does come to pass they are in no position to manufacture and maintain equipment), pay these tariffs which will really hurt, if not impinge on the EU’s grand plans for all out conflict with Russia.
And don’t forget the increased contributions to NATO which EU countries (sans Spain) have agreed to pay…
Do President Trump’s tariff levels at which he has set them perhaps incorporate a secondary purpose along side trade? Slowing down the major push for war against the Bear?
I tend to make up my own scenarios and stories…but all actions have consequences. I’d like to think this might be one.
I always enjoy your perspectives.
“But don’t forget the incredible benefits paid out by EU taxpayers (especially in Germany) for their “new (and not) improved” citizens, most who do not work at all.”
The Death of Europe – How the Mohammed retirement plan will kill Europe
Europe expects the Muslim world to bail out its shrinking birth rate by working and paying into the system so that its aging population can retire.
The Muslim migrants, however, expect Europe to subsidize their large families with its welfare state while they deal some drugs and chop off some heads on the side.
Why should 23-year-old Mohammed work for four decades so that Hans or Fritz across the way can retire at 61 and lie on a beach in Mallorca?
Mohammed is Fritz’s retirement plan.
But Mohammed has a very different type of plan.
Fritz is counting on Mohammed to work while he relaxes.
Mohammed relaxes and expects Fritz to work. Fritz is not related to him and, therefore, Mohammed sees no reason why he should work to support him.
European social democracy reduces society to a giant insurance plan in which money is pooled together.
But insurance is forbidden in Islam, which considers it to be gambling. European social democracy expects him to bail it out, but to Mohammed, European values are a crime against Islam.
Mohammed’s Imam will tell him to work off the books because paying into the system is gambling.
However, taking money out of the system is just Jizya, the money non-Muslims are obligated to pay to Muslims. Under Islamic law, it’s better for Mohammed to sell drugs than to pay taxes.
That’s why drug dealing and petty crime are such popular occupations for Salafis in Europe. It’s preferable to steal from infidels than to participate in the great gamble of the European welfare state.
Mohammed isn’t staking his future on the shaky pensions of European socialism. He invests in what social scientists call social capital.
He plans his retirement by having a dozen kids.
If this lifestyle is subsidized by infidel social services, so much the better. And when social services collapse, those of his kids who aren’t in prison or in ISIS will be there to look after him in his golden years.
As retirement plans go, it’s older and better than the European model.
T’is sickeningly true, dear nim.
Europe is perilously close to being reconquered and being governed under Sharia.
Britain is the closest to their end game…86 Sharia courts run in tandem with the British Courts.
All according to plan…
Lasr rites being prepared.
Moral of the story: Fritz should have invested in his own retirement plan and had some kids! They are more valuable than any vacation to the sunny beaches of Mallorca.
The “Marshall Plan” was, of course, supposed to formally end in the late 1950’s.
The late 50’s was the time when the manufacturing infrastructure that got us thru WWII was getting old and expensive and the worker unions had it good. The US Kongress then got infatuated with dabbling in somebody else’s war in Vietnam. The rest is painful history!
I’ve searched the topic twice and had trouble finding decent information.
Any links on the remaining Marshall Plan, or the purposeful EU-USA trade imbalance, would be appreciated.
And NATO should have disbanded at the end of the Cold War.
“Her Excellency” sounds kind of royal, for diplo-speak. Isn’t “President” enough?
I noticed that, as well. Their self-regard is immense.
How about Dear Senora Pardo
Trump is the only person ever on this planet that will pull this off.
He is that good.
It takes an unusual combination of skills. A friend told me she was gonna vote for Ross Perot bc she was tired of feckless politicians who could be bought off with a weekend trip to Jamaica.
In George Santos recent softball interview w TC, Santos brings up the BASEMENT ‘CAVES’ under the Senate where politicians go to have sex. It is an open secret.
I heard a guest discuss this on a local popular radio talk show thirty years ago.
One little supposed factoid made it seem plausible: some basement rooms have dimmer lights (switches)! So he refreshed that story.
Huge question: are they having sex w underage pages?
Not everyone, but even one or two is daming.
So imagine the leverage the Deep State has on them? (Santos claims alcohol abuse is common, which I can see.)
Power, money, greed.
A must watch . (period)
re the 30 vs 35:
i suspect canada is higher due to fentanyl and illegal alien crossings
Yes, free, it is because of the fentanyl that was wittingly allowed to travel through Canada to the U.S.
Pres. Trump actually mentioned that in their letter.
Perfect!
CCP has a yuuuge grip on things up in Gay North Dakota.
We really should annex The Yukon, The Northwest Territories, British Columbia, Alberta, and Saskatchewan.
That would give us the oil & gas, gold, timber, fresh water, farmland, ranches, and conservative people. And lots of gorgeous scenery.
Deport any CCP agents in those places.
And as a bonus I wouldn’t have to show my passport when driving back home to Alaska. A win win
I bet they charge Americans plenty to hunt up there also! (if even allowed.)
Yes they do. 🤣🤣🤣. Money rules the world.
Then we have a liberal 51st state.
I don’t know if you are being sarcastic, but on the off chance that you believe that Canada is a bigger source of fentanyl than Mexico, check out this graphic: Mapped: Fentanyl Seized at U.S. Borders Over Time
The figures come from US Customs and Border Protection, and as you can see, the amounts of fentanyl coming from Canada are infinitesimal compared to Mexico. In 2025 YTD, 37 lbs were seized at the border with Canada vs 5500 lbs from Mexico YTD.
Canada has never been a big source of fentanyl coming into Canada. I don’t have the figures, but I would bet far more fentanyl has entered Canada from the United States than vice versa.
As for illegal alien crossings, OK, I am convinced this is sarcasm.
Fentanyl_US-border_02-web-1180×1536.jpg (1180×1536)
Check out Sam Cooper Investigating Reporter on the Canadian Government Fentanyl connection scary crap.
Will open one’s eyes on the corruption.
Exactly right. The fact that Canada only inspects 1% of products coming and going at the border only means that they “discover” the drugs or the ingredients to make the drugs only occasionally. Sam Cooper’s book “Willful Blindness” exposes Canada’s ongoing corruption on that issue.
Probably also due to their trade agreement with China.
Looks like very few countries “negotiated”. They were hoping against hope.
Now cut the size of government.
I liked the independence of the Fed to try and do what is right for the country. Powell disabused me of that notion. Lowered interest rates for Biden to help him win and won’t lower for the country now. In addition he is building a Versailles and lying about it. Powell needs to go and so does the Fed.
Hope I see the elimination of the IRS and the rise of ERS. Now lets get rid of the property tax. Let people truly own their own homes and land.
Who will pay for your policing, fire departments, snow plowing and public schools? I pay to register my vehicles every year so shouldn’t that be done away with as well? It’s like I don’t truly own my own cars!
Boogy,
Your proposed example is similar, but I think they are two different things: if you don’t pay your auto registration you can’t operate your vehicle on public highways; if you don’t pay your property taxes they can seize your home.
There is a movement out there in the courts to declare the property tax (as usually applied) to be unconstitutional. It is effectively a tax on unrealized gains which generally isn’t allowed.
For example, it would be akin to a stock purchase you made ten years ago. The stock is now worth ten times as much and the government decides to tax you on that gain. But because you still own the stock, you haven’t actually realized the gain in price appreciation. Normally you would pay the tax on the capital gain after you have sold the stock.
There is some merit to both sides of the debate…
Agreed. There is always another side. This is why free speech and debate are so important.
Are the Asian Triad Gangs that bad / money laundering Billions?
Does Vancouver resemble San Francisco now?
https://www.thebureau.news/p/ccp-golden-shares-toronto-laundering
https://www.thebureau.news/p/its-the-community-its-the-family
Yes indeed.
To quote my dear old mom, “Just you hide and watch!”
Where the outcome of an action or event is much better than anticipated.
Is there any more useless and absurd “leader” in the world than Fond of Lying. Wait, don’t answer that.
The only conceivable downside is the long list of opponents domestic and foreign and the lengths they will go to maintain staus quo.
If the USA starts winning the economic war, (and it is a war), then war will be used to drain us if possible.
Glad to see these implemented. The Marshall plan should have been ended 50+ years ago. EU freeloaders.
And the last picture.. It’s unfortunate that Shinzo Abe is not around to participate. He was a great ally and friend to Prez Trump.
“Her excellency” addressking both “presidents” is snark?
Very appropriate labeling for how the EU is an unelected quasi monarchy.
I like SD’s term for Canada in the context of trade deals: “Snow Mexicans”
Bravo President Trump and thank you!
Outstanding, Mr. President.
Well done and may we have a lot more please? 😁
While not sympathetic to the Euro workers with their gold plated benefits, thewage earners are always the ones that get squeezed.
Heaven forbid the Govt Elites cutdown on their cucumber sandwiches (triangle cut/no crust). I wonder how many union workers in Hanover or Stuttgard are all in on the windmills?
Canada finally shot back and stated they’ll rely on Europe.
The nerve of this woman’s stupidity 🤠😂
https://x.com/DefiantLs/status/1944041432765149566
Make Vermont Maple Syrup great again…
And when she finds out Europe will not be able to substitute for the United States and buy all of their products instead of Canada selling them to us, then what will she say?
Another prime example of why
DUMB LIBERAL WOMEN BELONG ONLY IN THE KITCHEN COOKING.
Mexico enjoyed enormous economic benefits before Trump 2024-agriculture, manufacturing, remittances, laws excluding foreigners from welfare! Begs asking again why their migrants were coming here in droves.
Little if any consequences to criminal ways of living free their way!
They weren’t all from Mexico. re: Darien Gap
I trust President Trump to execute his plan whatever that may be. He has excellent instincts!
Does this include weapons for NATO?
You consider yourself perfect, President Trump is doing the best he can they try to kill him twice our own deep state is doing everything that can overthrow him. he’s also fighting the whole world give the President a chance. Thank you.
I’m now reading the book, The Box; How the shining container made the world smaller and the world economy bigger. Malcolm Mclean was the first to really do it. April 1956, New Jersey to Houston on a refitted oil tanker.
Just about 40 pages into a 400 page book. Interesting what a simple box did. I’m not getting into the politics of it. Interesting so far.
Couple of minor issues missed, Sundance.
First, dependency on sanctions and tariffs-as-scanctions on the world will not endear the USA to others around the world. It is already clear the USA vassal states refuse to just do as they are told by their master, hence the need for tariffs-as-sanctions. The vassals will be seeking ways to break free.
Second, “The USA is by far the most dominant consumer market in the world. President Trump is leveraging access to the U.S. market within the global trade imbalance reset.” This is only because the USD is the world currency. This will not last forever and the more ‘sanctions/tariffs’ are applied the faster the world will look for/create alternatives. USA citizens may soon discover the world thinks their USDollars and USDebt are worthless and hence they will no longer be able to dominate the consumer market.
Sanctions and tariffs only work if you can absolutely enforce them. Enforcing them means you are creating enemies. Enemies will coalesce to find alternatives or just no longer cooperate.
Like Israel, are the people in the USA ready to attempt to kill their way to maintain world dominance (in the name of peace??)
All these sanctions and tariffs all sound so good, right? What could possibly go wrong?????
Be careful what you wish for.
I will tell it to you just like I do to my wife. Was that person ever really your friend if they did you like that and yes every country around the world has been giving it to the USA. That person was only your friend while the free drinks were flowing. As for the world currency, President Trump has already thrown down the gauntlet and said that any country attempting a BRICs currency faces increased Tariffs. India of BRICS has already said that they won’t. That’s how I see it.
Good point, like an employer who purposefully underpays an employee.
Other nations have been enforcing their “tariffs and sanctions” on Americans for decades. It worked out pretty well for them.
Before income tax, we had tariffs. U.S. Customs was part of Treasury and was the revenue generation arm of the government. It worked out pretty well for us.
Good post! The USA is the worlds most dominent consumer market because of the dominance of the USD. That is the sole reason. Other countries have much bigger population.
If Trump succeeds in putting up barriers to imports other countries will stop buying US-made products and when they stop buying US products they will have no need for US dollars and when that happens the USD will cease to be the worlds reserve currency. This is already happening with BRICS but Trump has accelerated the demise of the US dollar and I am afraid that most American don’t understand the implications for them when the USD ceases to be the worlds reserve currency.
Trump is in the process of killing the goose that lays the golden eggs. He must have skipped economics 101 when he attended the Wharton School of Business. When it comes to economics Trump is the most illiterate president to occupy the oval office.
Cry harder Canadian.
Uncle Sam’s pockets are about empty. The picking was coming to an end one way or another.
Trump’s tariffs are financially decimating America’s small and independent farmers. The Guardian newspaper indicated that Big Agriculture will be the major benefactor of this catastrophe. How will this affect the American heartland’s vote in the 2026?
And who is engineering the small farm communities’ demise? A longtime George Soros associate named Scott Bessent. Heh Heh That is what happens when capitalism is not mitigated by a moral anchor huh? Bill Gates should have waited to make his farmland acquisitions. He might have got the opportunity to buy up zillions of acres of farmland for pennies on the dollar. If Steinbeck were alive today, he could easily write a sequel to the Grapes of Wrath.
Your first mistake was reading any Guardian story.
100% Ron B!!
Does any Treeper know klemems — ???
I’m a small Farmer and business has never been better. People are buying local produced farm products at fair market prices which we are lowering since our cost of production is decreasing with lower energy cost resulting in products we need also being cheaper and more available. Fertilizer is a great example with price to us declining.
So a local yokel like you hasn’t had to eat any part of the [Grok] estimated $44 billion loss and counting on American farm exports emanating from the Trump tariffs yet huh?
Our family is a local farming family, we have never done better than right now. Take your lies over to MSN, or CNN webpages.
How are tariffs hurting farmers?
In California, our whacky govt is hurting ourself.
In NorCal, three bumper years of rain, water overflowing. Central Valley farmers only allotted 50% of their contract, but billed at 100%.
Liberals pushing to fallow more farmland, some of the best in the world, so they can put up… solar panels!
While Trump tries to free us, blue states continue to destroy!
Blue states and blue people everywhere.
AI Overview
In 2023, Mexico supplied 63% of U.S. vegetable imports and 47% of U.S. fruit and nut imports, according to the Department of Agriculture. This makes Mexico the largest single source of U.S. horticultural imports. In terms of total U.S. agricultural imports from Mexico, vegetables, fruits, beverages, and distilled spirits accounted for 72.5% in 2023.
AI overview:
“California grows over two-thirds of the fruits and nuts consumed in the United States. This includes a large portion of the country’s almonds, walnuts, pistachios, and other tree nuts. It also produces significant amounts of stone fruits like peaches, plums, and nectarines, as well as other specialty fruits like strawberries and avocados.”
“California is a major producer of table vegetables in the United States, contributing significantly to the nation’s supply. The state is the largest producer of vegetables overall, accounting for more than 40% of the country’s vegetable acreage, …“
+[Many Mexicans, legal, illegal and Mexican-Americans work on the farms here in California.]
I live in San Diego and most fruits and vegetables have a label from Mexico or California.
Ya’ know, if Mr Trump would put a Tariff on Epstein’s co-conspiritors, I would be ok with that.
Interesting that the whole Epstein thing came up just as the tariffs were announced…
Tariffs revenue quadrupled year over year in May, and the Trump Administration predicts $300 Billion in revenue this year.
Over a full 12 months, we’re looking at $400-500 Billion, or more. Wow.
And most of that amount will be paid by the American consumer. The exporting countries don’t pay the tariffs and the importers e.g. retailers like Walmart and Amazon don’t have much room if any to swallow the extra costs so it will be the American consumer left with the bill. It astounds me how few Americans realize that Tariff=Tax
Exactly! Walmart, Target and Amazon have very small profit margins. They exist based on volume sales and can absorb the tariffs for a few months at best.
Walmart sources items then marks them up 10 times the China produce price and sells them here. That’s a fact and not only for Walmart, but many companies that source from China. That’s a pretty good markup if you ask me!
As Sundance has written, a country sells a pair of jeans to an American retailer for $5.00. The country gets hit with a 30% tariff so now they sell the jeans for $6.50. The American retailer continues to sell them for $50.00. Even better, please see what Japan is doing to car prices. Which they can do because they own both ends of the transaction.
Totally agree with this article. So refreshing to read common sense. I just read on Zerohedge that US budget had a surplus of 27 billion in the month of June! Trumps policies work. I pray daily for Trump. Lately I’ve been inspired to pray for an army of true, competent, ethical maga workers to join his team to continue this agenda. Trump is God’s answer to our prayers. He is a human being and not infallible but I see God’s hand so often in what is playing out in the world. Thank you Jesus. ❤️
Part of that is fantastic (tariffs), and a portion that’s an accounting issue.
We also pray for Canada and hope that you get a great leader.
Don’t forget to add military cost in Europe to 5%, which will drain even more money from them! 🤣
In 2030, sure.
How do you explain 30% for Mexico but 35% for Canada? Does any thought go into these boiler-plate letters?
The US has a massive trade deficit with Mexico, and Mexico is the #1 source of fentanyl; just the opposite is true with Canada. Take trade in automobiles, Trump’s pet peeve. The United States has a $7.1 billion SURPLUS with Canada, versus a $137 billion DEFICIT with Mexico, and yet Mexico gets a lesser tariff? Source: https://www.americaeconomia.com/en/business-industries/mexicos-automotive-surplus-us-breaks-record-and-exceeds-us-137-billion-2024
In addition, Canada is a security partner with the United States. The US/Canadian NORAD command has protected the US mainland from ICBM attacks going back to the days of the Soviet Union. Those ICBMS were not pointed at Ottawa, and yet for almost 70 years, Canadians have contributed money and Canada’s vast landmass to the defense of the US mainland. Canadians have fought and died for America in Afghanistan. No American has ever fought and died in a war for Canada. When has Mexico ever come to the defense of the United States? Did it do anything to stem the flow of migrants crossing their country into the U.S.? And yet in Trump’s mind, he favors Mexico slightly more than he favors Canada.
If these tariff rates stick, most of the costs will be passed on to US consumers. Tariffs are a sales tax on US consumers. I thought the Republican Party was opposed to taxes? I thought most Americans were opposed to taxes, and yet I see in the MAGA world nothing but cheers with the release of each of these letters. The higher the tariff rate, the louder the cheers.
As a Canadian, I am amazed how few Americans understand how tariffs work. Trump has told you that tariffs are paid by the exporting country. That is not how tariffs work. Another aspect of tariffs that Americans need to grasp is that when the US puts up barriers for imports, foreign countries will put up barriers on American products. There is almost nothing that the United States makes that cannot be bought from another country, usually at a much lower price.
There is already evidence that foreign countries are buying less from the United States, as reflected in the U.S. trade deficit. In the first quarter of 2025. According to the Bureau of Economic Analysis, the current-account deficit jumped by 44.3%, reaching $450.2 billion, up from $312.0 billion in Q4 2024. Source: U.S. International Transactions, 1st Quarter 2025 and Annual Update | U.S. Bureau of Economic Analysis (BEA) . These figures are a result of a drop in exports while imports stayed flat.
Trade is a two-way street. When Americans stop buying from the rest of the world, the rest of the world will stop buying from America. It is as simple as that. This is the world that Trump has promised to deliver. Are Americans OK with that?
My great uncle fought in the Canadian military in WWI. He drew all of his combat pay when he got back to Canada and was discharged. He was robbed, killed and thrown in the river before he left Canada to come home. Technically he did not die in the war, but he did fight in the war for Canada.
The remainder of your comments hold about the same credibility.
Yeah, I’m OK with that.
WW1 was not a “war for Canada”
I think you are so angry, you completely misread Texas midget’s comment!
You make arguments that are mostly bull. The only one I will take exception to is “Tariffs are a sales tax on US consumers.” That’s just wrong. Liberal politicians refuse to believe history and deny that cutting taxes stimulates the economy and therefore actually generates more revenue. But it always does. In the same way, your comment tries to totally ignore history. President Trump had tariffs in his first administration and taxes went down. Now he’s doing it again, generating revenue, cutting taxes, stimulating the economy and you completely ignore the historical results of those actions.
But it’s ok. There are many professional economist saying the same thing. So while you are completely wrong, you are at least in good liberal company.
As a kid I remember we used to divvy up the marbles before we started the game.
One for you and one for me. It was the rule and we all abided by it.
Our President is trying to teach the spoiled kids how marbles is played.
All well and good, but the challenge with generating the surpluses is keeping them from getting spent as fast as they are generated and actually have them go toward reducing the debt burden. Let’s hope Trump can keep that part on track because Congress critters of both stripes like nothing better than to spend, spend, spend.
https://www.tbsnews.net/economy/addition-35-tariff-us-demands-40-local-value-addition-made-bangladesh-goods-1185991
https://www.tbsnews.net/bangladesh/migration/gulf-southeast-asia-why-bangladeshis-are-facing-visa-denials-1186806
Thank God for President Trump’s genius regarding the economy. This is truly a Golden Age of America…
Now if all the BS Crap Weasels can be weee whacked from influence… all things will get much better for working class Americans.
Many people’s retirement accounts send out statements quarterly. Trump doing his first announcement on April 2 meant that the quarterly statement at the end of June wasn’t really affected.
Same thing now, while there will be market dips now… by the end of September it should have balanced out. A large number of people see those number and would be major dissenting voices if they saw a drop.