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I did. I agreed with the OP. Tariffs should be equal.Well, if your conservative arguments are so smart, perhaps you could make one.
We understand them. Hence, my comment.Many have deemed them that way for years. It is not like some are making a concerted effort to understand them.
Irrelevant. Thus it is void.when did the Republicans abandon liberal economics? They were the central organizing of the party since at least Reagan.
I bet you can’t prove that.He could have done the exact opposite and his followers would still shill it.
The stock market will correct itself.
U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.Dow Jones Industrial Average futures lost 751 points, or 1.8%. S&P 500 futures dropped 3%. Nasdaq-100 futures lost 3.8%.Shares of multinational companies tumbled in extended trading. Nike lost 7% and Apple dropped 6%. Shares of big sellers of imported goods were among the hardest hit. Five Below lost 11% and Gap plunged 12%. Tech shares dropped in an overall risk-off mood, with Nvidia off 4% and Tesla down 5%.Investors flee U.S. stocks as markets react sharply to Trump's tariff plan
Initial market indications early Wednesday evening were that many investors had expected Trump’s tariffs to be far less expansive.www.nbcnews.com
Global markets reacted sharply and swiftly after President Donald Trump revealed his much-anticipated tariff plans Wednesday, with investors fleeing U.S. stock indexes and companies that rely on global supply chains seeing their stocks plummet.The ETF (exchange-traded fund) that tracks the S&P 500 plunged more than 2.7%. The fund that tracks the tech-heavy Nasdaq 100 slid more than 3.5%, and the fund tracking the Dow indicates it would drop more than 415 points at tomorrow's opening bell.Those indices just endured their worst quarter in years in large part because of growing concern about the economic impacts of Trump's expected tariff plan.Guess we will see how this works out.
Then why do you support them for other countries, but not the US?Tariffs hurt ordinary people, not billionaires.
Except they're not. The value that Trump is using to calculate a country's "tariffs" that he's reciprocating is actually the trade deficit (specifically the ratio of our goods trade deficit with the country to our total imports from the country). And everyone is getting 10% at minimum, regardless.Since the tariffs are reciprocal - (def. Expressing mutual action or relationship) - It is an easy way to reduce US tariffs - reduce yours.
It is? I don't think so. It was the ideological commitment of the GOP to liberal economics that drove them to support free trade and the lowering of tarifs for years and years. Why has the GOP shifted its economic ideology to 1890?Irrelevant. Thus it is void.
So for their efforts Israel's tariffs are 17% https://www.timesofisrael.com/liveblog-april-03-2025/ The tariffs are punitive and unrealistic, they are not reciprocal. Trump will probably lift/reduce them in a week or less for many countries. The markets seems to think this. Japan down just 3%.From the link:
He’s already scored one huge win: rather than face the new tariffs, Israel announced yesterday that it is dropping ALL tariffs on U.S. imports. Think of all the years of effort put into negotiating “free trade deals” that weren’t even really free. President Trump just pulled off a 100% free trade deal without having to negotiate at all.
Since the tariffs are reciprocal - (def. Expressing mutual action or relationship) - It is an easy way to reduce US tariffs - reduce yours.
Common sense.
I’m glad to hear that the islands feel free to speak their mindsHard to argue with logic like that, especially when Trump is putting tariffs on uninhibited islands!
To some other points:
The point isn't lost on anybody. Nobody pays attention to it because it, at best, is useless, and more likely, is a bit of dishonest rhetorical slight-of-hand.
Some products folks can't stop buying - at some point, you're going to need a new car. Or a new computer. Or a new phone. Or new clothes. Sure, maybe you can delay the purchase or buy second hand, but that's only going to kick the can down the road a bit. At some point, somebody's going to have to buy a new one to replace the old one that doesn't work anymore. After all, "second hand" isn't a thing unless somebody buys it new in the first place. That person now pays higher prices... for what? So that 10-20 years, maybe some of those supply chains will shake out in a way that moves some of the manufacturing back onshore? Ok, what about the 10-20 years in between? And what about the supply chains that don't move on shore? Those products just got more expensive, with no upside.
But say people stop buying those things, or delay those purchases. There were a lot of people previously involved in the selling and delivery of those products, who now have less business. Overall, this triggers a decline in economic activity, which is recessionary. HOORAY! And it falls disproportionately on those with less income. DOUBLE HOORAY!
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