| He's insane! 18:32 - Apr 9 with 4650 views | BanksterDebtSlave |
Trump also said he would be raising tariffs on China to 125%, also effective immediately, citing the “lack of respect that China has shown to the world’s markets”.
Edit....the madman's statement in full....
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.
Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.
Thank you for your attention to this matter!" [Post edited 9 Apr 18:34]
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| He's insane! on 18:35 - Apr 9 with 2833 views | redrickstuhaart |
Again. Its the Putin approach. Attack someone, and then accuse them of being unreasonable and provicative if they stand up for themselves. He is a bully and a fascist. |  | | |
| He's insane! on 18:36 - Apr 9 with 2809 views | positivity |
probably be 500% by tomorrow...
then "paused" for 90 days the day after | |
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| He's insane! on 18:37 - Apr 9 with 2792 views | giant_stow |
I think you might be right. Either that, or he's got the heebie-jeebies and needs a way out with one last swipe at China.
[Post edited 9 Apr 18:43]
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| He's insane! on 18:45 - Apr 9 with 2700 views | BloomBlue |
He's always been obsessed with the stock market, but it kept dropping even though he said don't panic.
He blinked first, but is trying to save face. |  | | |
| He's insane! on 18:46 - Apr 9 with 2670 views | Churchman |
They should call his bluff. Raise theirs by 25%. Every other country should do the same. Add in the threat, along with Japan, to sell US Treasury Bonds and Trump (along with the rest of us) would be sporting a major headache. A real Truss moment.
But he needs controlling and containing. The idiot and his circus clowns are not going away and sadly, threat is all they seem to understand. Trump is not just costing lives in Ukraine, Gaza and other places, but livelihoods too on a massive scale. Many of them in America. |  | | |
| He's insane! on 18:46 - Apr 9 with 2684 views | Ryorry |
You only just realised?! |  |
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| He's insane! on 18:58 - Apr 9 with 2629 views | Lord_Lucan |
That will cause many businesses to fold.
Of Walmarts imports China accounts for 60% at a cost of $60 billion
Walmart sales of American made goods is about 5% but Trump doesn't understand that USA cannot produce a GI Joe for a dollar. |  |
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| He's insane! on 19:01 - Apr 9 with 2611 views | Mullet |
| He's insane! on 18:58 - Apr 9 by Lord_Lucan |
That will cause many businesses to fold.
Of Walmarts imports China accounts for 60% at a cost of $60 billion
Walmart sales of American made goods is about 5% but Trump doesn't understand that USA cannot produce a GI Joe for a dollar. |
I’m starting to fear he might do irreparable damage to his country. This doesn’t seem like “ah he’s just bit weird and rapey” anymore but full on right wing dogma and American jingoism clashing together. |  |
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| He's insane! on 19:07 - Apr 9 with 2580 views | Lord_Lucan |
| He's insane! on 19:01 - Apr 9 by Mullet |
I’m starting to fear he might do irreparable damage to his country. This doesn’t seem like “ah he’s just bit weird and rapey” anymore but full on right wing dogma and American jingoism clashing together. |
What he's doing is actually extremely left wing.
Right-wing policies would be to support free trade | |
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| He's insane! on 19:10 - Apr 9 with 2544 views | giant_stow |
wow! Thats just blatant.
Edit: also gives a massive incentive for non-twitter-followers to follow him and soak up his crap. [Post edited 9 Apr 19:13]
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| He's insane! on 19:11 - Apr 9 with 2532 views | Mullet |
| He's insane! on 19:07 - Apr 9 by Lord_Lucan |
What he's doing is actually extremely left wing.
Right-wing policies would be to support free trade |
Can’t agree on that at all - this is classic nationalism not nationalisation. He’s not collectivising agriculture or making everything state owned. He’s looking out for the richest and himself essentially and leaving a bonfire behind in all likelihood. | |
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| He's insane! on 19:12 - Apr 9 with 2521 views | BlueBadger |
| He's insane! on 18:37 - Apr 9 by giant_stow |
I think you might be right. Either that, or he's got the heebie-jeebies and needs a way out with one last swipe at China.
[Post edited 9 Apr 18:43]
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That, or it was all a big con to make a quick buck for his parasite billionaire mates by shorting the market then rolling back on it ince they've bought low and sold higher. |  |
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| He's insane! on 19:13 - Apr 9 with 2498 views | Dubtractor |
| He's insane! on 19:07 - Apr 9 by Lord_Lucan |
What he's doing is actually extremely left wing.
Right-wing policies would be to support free trade |
What he is pretending to do, would be fairer. |  |
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| He's insane! on 19:14 - Apr 9 with 2489 views | SuperKieranMcKenna |
| He's insane! on 19:07 - Apr 9 by Lord_Lucan |
What he's doing is actually extremely left wing.
Right-wing policies would be to support free trade |
Yes his tariffs even had support from some trade unions in the US. There’s not much support in corporate US who’ve seen billions of dollars wiped off their equity in a matter of days. | | | |
| He's insane! on 19:16 - Apr 9 with 2471 views | Lord_Lucan |
| He's insane! on 19:11 - Apr 9 by Mullet |
Can’t agree on that at all - this is classic nationalism not nationalisation. He’s not collectivising agriculture or making everything state owned. He’s looking out for the richest and himself essentially and leaving a bonfire behind in all likelihood. |
We will have to agree to disagree then but I stand by what I say.
His reasoning for tariffs is to keep things in house and boost American manufacture.
It is pure protectionism, he is dissuading imports. | |
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| He's insane! on 19:18 - Apr 9 with 2451 views | Joey_Joe_Joe_Junior |
| He's insane! on 19:11 - Apr 9 by Mullet |
Can’t agree on that at all - this is classic nationalism not nationalisation. He’s not collectivising agriculture or making everything state owned. He’s looking out for the richest and himself essentially and leaving a bonfire behind in all likelihood. |
You're wrong, a bunch of Bernie Unionists in the auto industry were about the only people applauding it in that sector. [Post edited 9 Apr 19:20]
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| He's insane! on 19:21 - Apr 9 with 2428 views | bluelagos |
| He's insane! on 19:16 - Apr 9 by Lord_Lucan |
We will have to agree to disagree then but I stand by what I say.
His reasoning for tariffs is to keep things in house and boost American manufacture.
It is pure protectionism, he is dissuading imports. |
I think protectionism was/is his motive - but he doesn't seem to have thought it all out very well.
By all means try and get business to relocate their manufacturing home, but crashing your economy is a bizarre way to do it. |  |
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| He's insane! on 19:24 - Apr 9 with 2403 views | Joey_Joe_Joe_Junior |
| He's insane! on 19:21 - Apr 9 by bluelagos |
I think protectionism was/is his motive - but he doesn't seem to have thought it all out very well.
By all means try and get business to relocate their manufacturing home, but crashing your economy is a bizarre way to do it. |
Very chaotic but was he is throwing muscle around and hoping for better deals at the end of these 90 days?
Also knowing the market would bounce back based on announcements, as business is all a confidence game.
Or was he never planning to pause but a lot of US business leaders have been in his ear?
Who knows. | | | |
| He's insane! on 19:24 - Apr 9 with 2400 views | Guthrum |
| He's insane! on 19:07 - Apr 9 by Lord_Lucan |
What he's doing is actually extremely left wing.
Right-wing policies would be to support free trade |
Not sure it's left or right in the modern sense. More straight out of the early 19th century protectionist playbook (but without having the stuff in place to protect, or the patience to develop the policy sensibly). |  |
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| He's insane! on 19:29 - Apr 9 with 2364 views | BloomBlue |
| He's insane! on 19:24 - Apr 9 by Joey_Joe_Joe_Junior |
Very chaotic but was he is throwing muscle around and hoping for better deals at the end of these 90 days?
Also knowing the market would bounce back based on announcements, as business is all a confidence game.
Or was he never planning to pause but a lot of US business leaders have been in his ear?
Who knows. |
That bod who heads up JPMorgan was on US TV this morning (apparently) saying US will go into recession now. , But was also suggesting Countries who want to agree trade deals will need time, as they take time to agree, and maybe deferring the start date for tariffs would be sensible. | | | |
| He's insane! on 19:34 - Apr 9 with 2320 views | Mullet |
| He's insane! on 19:16 - Apr 9 by Lord_Lucan |
We will have to agree to disagree then but I stand by what I say.
His reasoning for tariffs is to keep things in house and boost American manufacture.
It is pure protectionism, he is dissuading imports. |
https://en.m.wikipedia.org/wiki/History_of_the_Republican_Party_(United_States)
Look at the policies under the 1920s of the Republicans and see if you still think that. He’s literally playing to Republican prejudices and ideas around MAGA
The party controlled the presidency throughout the 1920s, running on a platform of opposition to the League of Nations, support for high tariffs, and promotion of business interests. Voters gave the GOP credit for the prosperity and Warren G. Harding, Calvin Coolidge and Herbert Hoover were resoundingly elected by landslides in 1920, 1924 and 1928. The breakaway efforts of Senator Robert M. La Follette in 1924 failed to stop a landslide for Coolidge and his movement fell apart. The Teapot Dome Scandal threatened to hurt the party, but Harding died and Coolidge blamed everything on him as the opposition splintered in 1924.[54]
The insane focus on the stock market and the traditional ideas around American made car etc. were the fantasies he will have grown up on. He’s not sophisticated enough to see the problems with that either.
Those who will be able to take advantage of it and be insulated will be his friends and their friends.
Regardless of all that, how exactly are these left wing moves? Which left wing economies have operated this way? | |
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| He's insane! on 19:37 - Apr 9 with 2283 views | Mullet |
| He's insane! on 19:18 - Apr 9 by Joey_Joe_Joe_Junior |
You're wrong, a bunch of Bernie Unionists in the auto industry were about the only people applauding it in that sector. [Post edited 9 Apr 19:20]
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See my reply to Lucan, but that’s one downside of unionism. You are always looking at wins for current members and you can hardly complain if investment is coming in to your sector by virtue of tariffs.
The fact it’s not universal across the sector only strengthens my point. There will be a lot of very rich people who will be concerned that their interests are harmed by less people driving potentially, buying new, having less expendable income etc | |
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| He's insane! on 19:48 - Apr 9 with 2183 views | SuperKieranMcKenna |
| He's insane! on 19:34 - Apr 9 by Mullet |
https://en.m.wikipedia.org/wiki/History_of_the_Republican_Party_(United_States)
Look at the policies under the 1920s of the Republicans and see if you still think that. He’s literally playing to Republican prejudices and ideas around MAGA
The party controlled the presidency throughout the 1920s, running on a platform of opposition to the League of Nations, support for high tariffs, and promotion of business interests. Voters gave the GOP credit for the prosperity and Warren G. Harding, Calvin Coolidge and Herbert Hoover were resoundingly elected by landslides in 1920, 1924 and 1928. The breakaway efforts of Senator Robert M. La Follette in 1924 failed to stop a landslide for Coolidge and his movement fell apart. The Teapot Dome Scandal threatened to hurt the party, but Harding died and Coolidge blamed everything on him as the opposition splintered in 1924.[54]
The insane focus on the stock market and the traditional ideas around American made car etc. were the fantasies he will have grown up on. He’s not sophisticated enough to see the problems with that either.
Those who will be able to take advantage of it and be insulated will be his friends and their friends.
Regardless of all that, how exactly are these left wing moves? Which left wing economies have operated this way? |
The idea of protecting blue collar jobs via protectionism is arguably where the hard right and hard left collide (see Bankster cheering on the ‘end of globalisation’). As a couple of people have pointed out some US unions supported the tariffs. It was the motivation of many Lexiteers, and the reason Corbyn was a lifelong Brexiteer (before feebly changing his mind for the referendum). It certainly flies in the face of liberalisation of global free trade which I don’t think anyone would describe as left wing. Most ‘left wing’ if we are talking communist nations were incredibly insular.
But this strikes me as sheer populism with a different stance from one day to the next. | | | |
| He's insane! on 20:03 - Apr 9 with 2110 views | TractorWood |
Good to see markets rallying on the 90 day pause.
This is basically Trump admitting he's economically dim, hugely undermining himself. |  |
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