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Not only is the week not over yet, but the markets haven't even closed for the day. Have faith DJT will touch the stove at least once more before the week is over.Better touch the stove again just to be sure.
China tarriffs are now at 125 %, and I would bet good money that China will raise their own tarriffs soon enough.Not only is the week not over yet, but the markets haven't even closed for the day. Have faith DJT will touch the stove at least once more before the week is over.
I wonder how much the U.S. exports to China as opposed to the other way around? It this keeps going, there will be a much needed uprising in China.China tarriffs are now at 125 %, and I would bet good money that China will raise their own tarriffs soon enough.
China Has Already Trade-War-Proofed Its EconomyI wonder how much the U.S. exports to China as opposed to the other way around? It this keeps going, there will be a much needed uprising in China.
When all else fails, scare them with the immigrants.Trump Boasts About His ‘War on the World’ Before Backtracking – But Adds, ‘It’s Our Turn’ to Rip Off Other Countries
In his speech, Trump referred to his “war with the world” before reversing himself.
“And I do think that the war with the world, which is not a war at all because they’re all coming here,” Trump claimed. “They’re all coming here. Japan is coming here as we speak. They’re in a plane flying, lots of them, all tough negotiators.”
Trump then pivoted to China and bragged about the massive tariffs that are about to go into effect on the country. While doing so, Trump falsely stated that China will pay the tariff.
“Right now, China is paying a 104% tariff,” he said as the crowd applauded.
[Also in attendance that night...]
Trump Reminisces About the ‘Great Hannibal Lecter’ as Being ‘A Very Important Force’
They used to go crazy when I talked about when I talk about Hannibal Lecter. The late, great Hannibal Lecter. Right? Silence of the Lambs. The fake news would say, “Why does he talk about that? He’s a fictional character.” He’s not. We have many of them that came across the border. He’s actually not.
Trump’s top trade official wasn’t informed of tariff delay until after announcement
At the same moment that US Trade Representative Jamieson Greer was defending Trump’s stiff tariffs during a House hearing, Trump said on his social media platform that the administration will delay the additional tariff hike on dozens of countries by 90 days — which went into effect for mere hours on Wednesday — with the exception of China.
“It looks like your boss just pulled out the rug from under you and paused the tariffs,” [Rep.] Horsford said.
Meanwhile, US and China are deep in a tit-for-tat trade war. Tariffs on China were hiked to 125% on Wednesday, effective immediately. Before Trump’s announcement, Beijing had retaliated with 84% tariffs on US imports.
The major products that the US imports from China are mostly things you’ll find in a Walmart Inc., at a shopping mall, or on Amazon.com Inc.: smartphones, computers, games consoles, furniture, toys and clothing. Slap a 54% tariff on these items, as Trump has done, and American consumers are going to notice pretty soon.
[In the House, Republicans have redefined yom to be an indefinite period of time, so the 15 yom waiting period before the president can be challenged will never expire.]
It was the rule to control debate on the big corporate and high earner tax cut and deficit increase package to which this distortion of calendar reality was added. It was Turner, Massie, and Spartz. At least 2 of them were known to not like the budget resolution, so it may have had nothing to do blocking the blocking of Trump's fake emergency.House GOP moves to prevent votes on rescinding Trump tariffs
"The rule provides that each day during the period from April 9, 2025, through September 30, 2025, shall not constitute a calendar day for purposes of section 202 of the National Emergencies Act (50 U.S.C. 1622) with respect to a joint resolution terminating a national emergency declared by the President on April 2, 2025," the rule states.
This is the second time Johnson has moved to stop the legislative calendar to prevent votes on Trump's authority on tariffs. Under House rules, these votes would typically come up within 15 calendar days but now will not if the "rule" passes during the vote series Wednesday afternoon.
[I believe 3 Republicans voted with Democrats.]
Boom. Japan started selling off bonds and Trump hits the 90 day pause.If everyone is going scorched earth, what would happen if China just announces plans to cash out the US debt they own, and stop buying US T-bills. Imagine what that stock market response would look like.
Yes, Xi has far more control over that countries banks and institutions. Outside of just firing people, Trump does not.Yep. China can outlast Donald Trump. He just doesn't realize that....yet.
I'm afraid we entered "When Prophecy Fails" territory a long time ago.
Some subset of Trump supporters will only double down in their support, no matter what happens, because admitting the reality makes them out as chumps.
Boom. Japan started selling off bonds and Trump hits the 90 day pause.
Perhaps the people making the decisions confuse trade deficits with budget deficits? It's one of the more flattering explanations I've seen for Trump's economic policy.
Called it.Look at the current national debt. Countries have been sucking the lifeblood out our economy for decades.
Random made up assertions like this is no way to run economic policy.Just fine you say with an unsustainable debt crisis which would drive the nation into bankruptcy.
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