Jason, your friend Mitch is joining the Maine/Alaska twins to form an alliance with the Dems against tariffs”
Good for Mitch.
You forgot to mention your hero Rand Paul is also joining up, but I am sure it was just an oversight.
“Trade is a good thing. Trade is proportional to prosperity, and so tariffs are bad economically,” he said. “It’s a terrible idea to run a country by emergency where representatives to vote on raising or lowering taxes.”
Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
“Our Constitution was very specific that taxes — tariffs are a tax — taxes originate in the House, come to the Senate and then go the president,” he said. “They don’t just go to the president and no one else. What kind of system would it be if all of our taxes and laws were passed by one person?”
So NYC, here is what your hero Rand Paul thinks about Trump’s tariffs.
Is he a “concern troll”?
“Trade is a good thing. Trade is proportional to prosperity, and so tariffs are bad economically,” he said. “It’s a terrible idea to run a country by emergency where representatives to vote on raising or lowering taxes.”
Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
“Our Constitution was very specific that taxes — tariffs are a tax — taxes originate in the House, come to the Senate and then go the president,” he said. “They don’t just go to the president and no one else. What kind of system would it be if all of our taxes and laws were passed by one person?”
If you are so worried, call Congress and tell them “Pass the #BigBeautifulBill right now!”, and have Roberts and ACB, along with the 4 who already tried to, do their job and assert their control over the lower courts.
Didn’t most people expect the stock market to go down after tariffs were readjusted to reflect a fairer trading practice being employed between countries?
“We’re not at war with Canada,” Paul said. “They’re an ally that buys more of our stuff than almost any other country in the world.”
“: I think it’s just economically — it’s a fallacy to think that it’ll help the country,” he said. “Tariffs are a tax, and if you tax trade or if you tax anything, you’ll get less of it.”
Hey Jason you and Vic have made fun of Rand Paul’s policy stances for a long time. Only now he has become your buddy with his “sage” comments on tariffs! It’s kind of laughable.
No problem with Rand Paul supporting his constituents in KY. Tariffs may affect some of the companies in his state. But, Making Tax cuts permanent will also help.
I’m willing to play it out. It has affected me before, as did Biden/Obama over regulation.
Hey Jan you and the other isolationist morons here have praised Rand Paul’s stupid foreign policy stances for a long time. Now he has become a goat and a RINO traitor because he speaks the truth on tariffs.
Households with an average disposable income of roughly $43,000, among the lowest in the country, would see disposable income drop 2.3% from the tariffs announced Wednesday versus 0.9% for the highest-earning households with disposable incomes above $500,000.
When accounting for all 2025 tariffs, disposable income is expected to drop 4% for the lower-earning households compared with 1.6% for the highest-earning.”
Let them eat cake, say the tariffs lovers. They can afford higher taxes.
We shall see, Jason. I’m willing to make the bet that the Trump administration is more competent than the last one, get Congress to do their work and pass “TheBigBeautifulBill”!!!
“Republican Sen. Rand Paul had a stern history lesson for President Donald Trump, saying that his latest flurry of tariffs could lead to GOP “decimation” in both the House and the Senate”
“When Smoot and Hawley put on their tariff in the early 1930s, we lost the House and the Senate for 60 years. So they’re not only bad economically, they’re bad politically,” h
Paul added that the very international trade that Trump’s decision serves to stymie is what actually leads to prosperity. “We know by looking at the history of the last—at least 70 years or so in this country, that as international trade has increased, so has the prosperity of our country,” he said.”
Sounds like Bernie Sanders…..tax their fair share.
note to Ron Paul….America has a national debt of close to $37 trillion while the UK is close to $3 trillion.
Translation….America gave, gave, and gave again to bolster countries especially after WWII. Instead of propotional to prosperity how about just fair trade.
Jason, just like I never praised Putin, I have never praised Rand Paul – although you have accused me of both non-existent statements. However, most here are used to you making erroneous claims to support your wrong-sided stances.
Jason, Rand Paul is one of the most competent, loyal and smart Senators we have.
Yes or No?”
No.
Rand Paul is a foreign policy isolationist on record as saying we should cut off military aid to Israel and that as “nuclear armed Iran is not a threat”. He has subscribed to his father’s despicable “blow back” theory that we are responsible for 9/11.
America has a national debt of close to $37 trillion while the UK is close to $3 trillion.
Trade has been lopsided with our trading partners for many years. To break such an unfair archetype, with countries used to having trading advantages, is going to be painful at first, until a new paradigm of trade has been in place for awhile. In the meantime our country is on the road to bankruptcy as we cannot sustain so much debt when weighed against our GDP.
There are no words to adequtely express how dumb Trump’s performance was last night. He clowned himself in front of the entire world. The poster and the ‘formula’ were funny, in a pathetic kind of way. The finance people of the world figured out what was going on in about 15 minutes.
Any so-called economist that works for Trump should resign immediately. I am very disappointed in Kevin Hassett and the new guy Stephen Miran – they should know better.
As for Peter Navarro (lawyer) and Larry Kudlow (history major), I have never respected their work as ‘economists’; their involvement in this performance was what I expected.
These tariffs, if they stand, wil cripple the part of our economy dependent on trade – farmers, autos and machinery manufacturers, retailers, apparel makers.
If on the other hand, Trump backs off from them, he will lose what little credibility he has left.
Jason – as I have always said, Free Trade is the goal. I’m willing to bet that Trump is doing things towards that end. And Congress needs to act! Get to work, pass “TheBigBeautifulBill”!
We have had the lowest tariffs/taxes on imports when compared to any other country in the G20. Tell me how this works out to be a fair proposition for the US.
Tell me how this works out to be a fair proposition for the US.”
Your hero Rand Paul already gave you the answer.
“Paul added that the very international trade that Trump’s decision serves to stymie is what actually leads to prosperity. “We know by looking at the history of the last—at least 70 years or so in this country, that as international trade has increased, so has the prosperity of our country,” he said.”
Heh! You know people are unhinged when they say about others “They think ending foreign trade is good for America the Island.” That is so Not True in regard to my thinking, or any other person on this blogs thinking, as to be hysterical! Jason-Robbie is going cuckoo!
All economists who don’t agree with Bill need to be booted from the club. Sounds like the global warming scientists who ostracize who challenge their position.
BillW – you are so off your economic game that it’s not worth going thru your pathetic post – one that demeaned and belittled a speech and plan with little else to offer.
Trump opposes free trade, free markets, and free enterprise as a core principle.
Jason’s definition of free trade, markets etc is to bend over and give without getting anything beneficial back in return. Like a permissive parent, let the kid make the rules so he will “like” you.
I really can’t help the fact that you don’t know what you are talking about relative to tariffs. Let me explain the ‘formula’ however:
Step 1: Take the trade deficit with country X and divide it by the total trade with country X.
Step 2: Turn the quotient from Step 1 into a percentage and call it “the amount country X is cheating the US”.
Step 3: Divide the percentage from Step 2 in half and arrive at the amount that will be called “US reciprocal tariff with country X”.
So the only way for any country to avoid high tariffs is to have exactly balanced trade with the US…..or not to trade with the US at all.
Developing countries that sell coffee, cocoa, sugar, and other products that we don’t make well here? High tariffs.
Countries with lots of natural resources that we would like to buy, like petroleum, bauxite for aluminum, iron ore, strategic metals? High tariffs.
This is undoing over 100 years of productive and mutually beneficial trading relationships among every country in the world. This is not Reagan-like. It is not Calvin Coolidge-like. It is William McKinley-like. This is the mercantilist approach that most countries of the world abandoned early in the 20th century.
“I have always opposed tariffs here, never supported them.”
You also always supported Ukraine, too. And hated Trump’s position on both. They are, by far, the two most common topics of your posts; yet you voted for Trump.
By the way, if you buy something from a person (person Z) in another country and Z accepts US dollars in exchange, you have receved full value from that transaction. No cheating.
If person Z in the other country refuses to buy anything from the US, Z is left holding US dollars (pictures of dead Presidents). No cheating here either.
No one in the US is harmed by either transaction. Eventually, the amount of US dollars building up in the other country may get to be huge (like our bilateral deficit with China). There is no cheating anywhere.
The country is not ‘taking advantage of the US’ and so any ‘punishment’ of that country makes no sense. We are not, as janzem says: “bend(ing) over and give without getting anything beneficial back in return.”
“I have always opposed tariffs here, never supported them.”
You also always supported Ukraine, too. And hated Trump’s position on both. They are, by far, the two most common topics of your posts; yet you voted for Trump.”
Yes, I understand you voted for Trump because you think you need to agree with him 100% of the time on 100% of issues.
I voted for Trump despite complete disagreement with his Ukraine policy and other foreign policy ideas and complete disagreement on tariffs and stupid trade wars.
I voted for Trump because I support his policies on energy independence, war on wokism, judicial appointments, deregulation, rebuilding the military, tax cuts, and other policies.
I am sorry that independent thinking is offensive to you as it is to all Cultists.
Many of the stellantis vehicles are built in Ontario. That plant is closing temporarily for 2 weeks. stellantis needs to bring the plant back to America.
Biden’s Ex-Chief of Staff Spills Beans on Mental Decline — Says He Couldn’t Grasp Basic Concepts, Fell Asleep in Debate Prep and Thought He Was Leader of NATO
Almost every country in the world imposes tariffs on US imports. Are they all economic morons as alleged by the HHR Economist Illuminati? Why do they impose tariffs? Why are all of them hurting their own people?
According to a statement from the Office of the United States Trade Representative (USTR), the tariffs are calculated using a straightforward formula based on each country’s goods trade surplus with the United States. Specifically, the method divides a country’s trade surplus by its total exports to the U.S., then applies a 50 percent discount to the resulting percentage.
For example, China exported $438 billion in goods to the U.S. in 2024 and ran a trade surplus of $295 billion, according to Census Bureau data. That yields a surplus ratio of 67.4 percent, and after halving that figure, the U.S. imposed a 34 percent reciprocal tariff rate.
Countries with smaller imbalances are assessed proportionally lower rates. Nations where trade flows are roughly even or where the U.S. runs a surplus are subject to a flat 10 percent tariff.
Tariffs to raise revenue have been used throughout the years – you gain some government revenue and you injure your consumers – a trade-off.
Tariffs to protect local businesses are more common – the EU imposes tariffs and a number of non-tariff barriers (local content requirements, banning of GMOs). From a free trade perspective, they make no sense but if the local businesses are powerful enough, they can convince the government to put tariffs or non-tariff barriers in place. The European farmers are a great example of this type of protection.
There is a third argument used for tariffs – called the Infant Industry argument. If your country is trying to develop a specific industry and foreigners are more well established, the overseas companies may have lower costs. Pro-tariff factions make the case that the infant industries just need temporary protection until they can get big enough to become efficient. At that point, the protective tariff may be removed.
Most US tariffs over the past 50 years have been imposed to protect not infant industries but established or declining industries that have higher costs than overseas firms. This helps the managers of the US firms, helps the workers at those firms, and hurts absolutely everyone else. So auto & steel executives and union members in those US industries are pro-tariff. Anything that raises the costs of my rivals helps me.
The Economics Illuminati here have said that a tariff is simply a tax paid by the US consumer. This suggests there will be no impact on the country of origin. Why, then, are all these countries having kittens like Jason and Bill?
Reagan’s actions were guided by his conservative ideology. Trump’s are guided by his desire to tell everybody here and abroad to F off.
When Reagan was first formulating policy he was roundly criticized by both friend and foe of both parties. It was not until after his way of governance produced positive results (for the most part) did he become a “cult” figure to those who refer to him today as an icon of conservatism. In the same way, Trump’s 1st term was considered a success, mainly marred by the introduction of COVID during his last year. Now, during his 2nd historic return, having been in office for 82 days, people are ragging on his rapid-fire policies meant to reduce government and reset trade practices that have more parity – much like was done during the early Reagan years. Also, much like Reagan believed in enacting strength through his words and actions, so does Trump – although, because of “Trump disdain” his words are being interpreted as “F off.”
2 weeks ago we were not allies anymore per the euro commie.
CANADA STARTS TO CAVE! Prime Minister Mark Carney, who recently said the relationship with the U.S. is over, backtracks big-time “The U.S., absolutely, is our ally! Our ally in security and defense, our most important security ally!”
Almost every country in the world imposes tariffs on US imports. Are they all economic morons as alleged by the HHR Economist Illuminati? Why do they impose tariffs? Why are all of them hurting their own people?”
Ah yes, what a brilliant argument!
Other countries impose tariffs related taxes on their own people, so we should imitate them and impose more taxes on our people.
Both Canada and Mexico are subject to a 25% tariff, but the goods covered under the United States-Mexico-Canada Agreement are exempt.
Ford said that he had been speaking with Commerce Secretary Howard Lutnick and working on a trade deal that will benefit both countries.
“You’ll see the markets climb if that happens,” he said, referencing the potential deal. “You’ll see greater investment, greater consumer confidence, and that’s what we believe is the right thing to do.
To the best of my recollection, there has never been a Reagan ‘cult’, a group of people who believe that everything Reagan did was correct and beyond criticism.
I am aware of two cults over the past 20 years – the Obama cult and the Trump cult. In both of those cases, the adherents expressed support for everything their hero did.
If you believe that Donald Trump is the smartest person ever elected President, if you think he is playing 4-D chess and sees further into the future than normal human beings, if you find an excuse for every difficult to understand action he takes, then you probably are in the Trump cult.
nadian and Mexican goods that are compliant with the U.S.-Mexico-Canada Agreement will continue to be tariff-free, the White House has said.
An administration official said Wednesday that new reciprocal tariffs wouldn’t apply to Mexico and Canada, but the existing fentanyl-based tariffs would continue.
On Wednesday evening, the White House clarified that a previous exemption for USMCA-compliant goods would continue, saying that such goods “will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA compliant energy and potash will see a 10% tariff.”
“WASHINGTON (Reuters) -Two senior lawmakers on the Senate Finance Committee introduced legislation on Thursday seeking to rein in U.S. President Donald Trump’s ability to impose tariffs and would require congressional approval for new levies within 60 days.
Republican Senator Chuck Grassley and Democrat Maria Cantwell introduced legislation that would require the president to notify Congress on new tariffs with an explanation of the rationale, including an analysis of the potential impact on U.S. businesses and consumers.”
If Republicans are so worried about markets, and elections, and low income voters being worried about tariffs, make the Trump tax cuts permanent and push to lower or get rid of taxes on tips and OT. Get to work, Congress!
Do all those things which will benefit every single American company and worker, while making our nation the best place to invest and set up shop!
If I could step in for Jason – Even if tariffs are a tax paid by importers (and therefore by producers), the higher price of the good means that fewer units are produced, imported, and sold. So producers and importers are harmed by the reduction in quantity sold, consumers are harmed by the higher prices they pay. Since both exporting and importing countries are damaged, they may – and probably should – oppose high tariffs.
They cannot pass the tax cuts. 4 rinos had to give in for the tariffs and the house is on vacation because Luna introduced a stupid bill even though childcare is free for Congress and she has to do her phuqin job.
Tina – A successful discharge petition must be acted on by the whole House within two legislative days of its passage. By shutting down the House, the Speaker ensures that those two legislative days will not start until after the Easter recess. That gives him more time to scheme up a way to avoid a vote on Luna’s measure.
Bill said….”Since both exporting and importing countries are damaged, they may – and probably should – oppose high tariffs.”
Fully agreed. I guess the issue is what to do when one side imposes high tariffs on the other. It appears that US policy has – for generations – been to politely ask them to stop. As you point out, tariffs imposed by other countries on US imports to their countries hurts the US economy.
Assuming the best outcome is to get other countries to lower their tariffs, how would you propose the US achieves that goal?
142 responses to “Surgeon Day”
https://www.dailymail.co.uk/news/article-14566067/Trump-shuts-major-online-shopping-loophole-tariffs.html
But charging a tax directly on consumers won’t impact consumers, right? Spin this, Cult.
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I don’t shop online so Trump’s tax won’t impact me directly. I go to stores to shop.
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He believes?
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Jason, your friend Mitch is joining the Maine/Alaska twins to form an alliance with the Dems against tariffs”
Good for Mitch.
You forgot to mention your hero Rand Paul is also joining up, but I am sure it was just an oversight.
“Trade is a good thing. Trade is proportional to prosperity, and so tariffs are bad economically,” he said. “It’s a terrible idea to run a country by emergency where representatives to vote on raising or lowering taxes.”
Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
“Our Constitution was very specific that taxes — tariffs are a tax — taxes originate in the House, come to the Senate and then go the president,” he said. “They don’t just go to the president and no one else. What kind of system would it be if all of our taxes and laws were passed by one person?”
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Update- Don’t need cast any more. Bones are healing. Can start transitioning to cane as tolerated with pain.
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That’s great news, Bitter. I am happy for you.
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Thank you. First time in 6 weeks wearing 2 shoes.
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Markets crashing. No problem, right?
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Bitter,
Don’t have to wear a boot/ leg boot?
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According to Chicon and NYC, no problem the markets crash, they can afford it.
The millions of retirees, pension funds, etc. that depend on their investments and 401ks?
F-k em.
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Can we at least put to rest that Trump’s stupid tariffs and trade wars are a “negotiating tactic”?
Thanks.
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Good to hear Bitter you’re making progress towards having a normal leg again!
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Jason, concerntroll, is back.
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So NYC, here is what your hero Rand Paul thinks about Trump’s tariffs.
Is he a “concern troll”?
“Trade is a good thing. Trade is proportional to prosperity, and so tariffs are bad economically,” he said. “It’s a terrible idea to run a country by emergency where representatives to vote on raising or lowering taxes.”
Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
“Our Constitution was very specific that taxes — tariffs are a tax — taxes originate in the House, come to the Senate and then go the president,” he said. “They don’t just go to the president and no one else. What kind of system would it be if all of our taxes and laws were passed by one person?”
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If you are so worried, call Congress and tell them “Pass the #BigBeautifulBill right now!”, and have Roberts and ACB, along with the 4 who already tried to, do their job and assert their control over the lower courts.
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Rand Paul is questioning Trumps ability to lower or raise tariffs as he sees fit.
I have wondered that as well.
Once again, I Thank Senator Paul for trying to educate the public and to assert congressional power.
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Trump is listening to idiots like Peter Navarro.
He is throwing away a lot of political capital unnecessarily in exchange for grandstanding on his protectionist and isolationist ideology.
The people negatively affected by this tax and the losses of their retirement funds are those who can least afford them.
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IRand Paul is questioning Trumps ability to lower or raise tariffs as he sees fit.
I have wondered that as well.”
LOL
Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
Is he a concern troll?
Yes or no?
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Didn’t most people expect the stock market to go down after tariffs were readjusted to reflect a fairer trading practice being employed between countries?
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“We’re not at war with Canada,” Paul said. “They’re an ally that buys more of our stuff than almost any other country in the world.”
“: I think it’s just economically — it’s a fallacy to think that it’ll help the country,” he said. “Tariffs are a tax, and if you tax trade or if you tax anything, you’ll get less of it.”
Is he a concern troll?
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Hey Jason you and Vic have made fun of Rand Paul’s policy stances for a long time. Only now he has become your buddy with his “sage” comments on tariffs! It’s kind of laughable.
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No problem with Rand Paul supporting his constituents in KY. Tariffs may affect some of the companies in his state.
But, Making Tax cuts permanent will also help.
I’m willing to play it out. It has affected me before, as did Biden/Obama over regulation.
Congress, let’s go!
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Janz – yup, you noticed that?!?!
Jason will latch onto Mark Levin from time to time as well, always shprt term when his panties are getting too tight on his arse cheeks.
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Hey Jan you and the other isolationist morons here have praised Rand Paul’s stupid foreign policy stances for a long time. Now he has become a goat and a RINO traitor because he speaks the truth on tariffs.
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Same types who couldn’t handle the market faltering during Reagan’s first term are the ones crying today because of short-term hiccups.
Pathetic.
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Households with an average disposable income of roughly $43,000, among the lowest in the country, would see disposable income drop 2.3% from the tariffs announced Wednesday versus 0.9% for the highest-earning households with disposable incomes above $500,000.
When accounting for all 2025 tariffs, disposable income is expected to drop 4% for the lower-earning households compared with 1.6% for the highest-earning.”
Let them eat cake, say the tariffs lovers. They can afford higher taxes.
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Who spoke badly about Senator Paul?
I didn’t
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No problem with Rand Paul supporting his constituents in KY.”
I see.
F–k the “constituents” in other states?
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Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
Is he wrong?
Yes or no?
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Heh! Jason is unhinged!!
You comment more in other peoples names than many do in their own!
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Note he didn’t say “bad for my constituents”.
He said
“bad for the country, bad for prosperity, bad for the economy.”
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We shall see, Jason.
I’m willing to make the bet that the Trump administration is more competent than the last one, get Congress to do their work and pass “TheBigBeautifulBill”!!!
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Jason, Rand Paul is one of the most competent, loyal and smart Senators we have.
Yes or No?
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Rand Paul:
“Republican Sen. Rand Paul had a stern history lesson for President Donald Trump, saying that his latest flurry of tariffs could lead to GOP “decimation” in both the House and the Senate”
“When Smoot and Hawley put on their tariff in the early 1930s, we lost the House and the Senate for 60 years. So they’re not only bad economically, they’re bad politically,” h
Is he wrong?
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Paul added that the very international trade that Trump’s decision serves to stymie is what actually leads to prosperity. “We know by looking at the history of the last—at least 70 years or so in this country, that as international trade has increased, so has the prosperity of our country,” he said.”
Is he wrong?
Yes or no?
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Eventually, they come around to our way of thinking! Amazing to watch these transformations!
Senator Paul, please pose for the statue Jason will make for you!!
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“Trade is propotional to prosperity”.
Sounds like Bernie Sanders…..tax their fair share.
note to Ron Paul….America has a national debt of close to $37 trillion while the UK is close to $3 trillion.
Translation….America gave, gave, and gave again to bolster countries especially after WWII. Instead of propotional to prosperity how about just fair trade.
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Jason, just like I never praised Putin, I have never praised Rand Paul – although you have accused me of both non-existent statements. However, most here are used to you making erroneous claims to support your wrong-sided stances.
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Jason, Rand Paul is one of the most competent, loyal and smart Senators we have.
Yes or No?”
No.
Rand Paul is a foreign policy isolationist on record as saying we should cut off military aid to Israel and that as “nuclear armed Iran is not a threat”. He has subscribed to his father’s despicable “blow back” theory that we are responsible for 9/11.
But he is right on tariffs.
Both can be true.
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Instead of propotional to prosperity how about just fair trade.”
Zzzzz….
“Fair trade” is code for “no trade”.
There is no “substitute” for free trade.
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NYC, Jason would’ve jumped ship in 1981 for sure, especially if he was his current age then.
Chicon
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Jason in full-on-Robbie mode!
Glorious to watch!!
Warning: put your boots on! It will be flying!!
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Chicon – no doubt!
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Jason, just like I never praised Putin”
LOL
You have been shilling for your hero and icon Putin and covering for his war crimes for years.
You are a despicable and disgusting excuse for a human being.
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It’s glorious to see Rand Paul now become a RINO traitor for speaking the truth on tariffs.
I thought the day would never come.
Hallelujah!
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Where did anyone put Rand Paul down? Still trying to find that comment
Jason – please copy and paste it
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Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
Is he wrong?
Yes or no?”
It’s a simple question.
I answered your question on Rand Paul.
Now answer mine.
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Jan, Jason has difficulty separating reality from fantasy.
Watching Jason lose his sh!t takes the edge off the market! Thanks, my friend!
Chicon
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Who called Senator Paul a RINO, other than Jason saying somebody did?
Copy and paste please.
I can’t find it.
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Jason – please copy and paste it”
Sure.
Let’s start with Trump himself
Trump: McConnell & Paul ‘unbelievably disloyal’ for potentially opposing Canada tariffs’
Then Jan the Putin toady:
“Only now he has become your buddy with his “sage” comments on tariffs!”
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Jason is nearing MD-level rage. Not healthy, Jason.
Chicon
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America has a national debt of close to $37 trillion while the UK is close to $3 trillion.
Trade has been lopsided with our trading partners for many years. To break such an unfair archetype, with countries used to having trading advantages, is going to be painful at first, until a new paradigm of trade has been in place for awhile. In the meantime our country is on the road to bankruptcy as we cannot sustain so much debt when weighed against our GDP.
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Paul said tariffs “are bad for the country, bad for prosperity, bad for the economy.”
Is he wrong?
Yes or no?”
Still waiting.
Or is it going to take as long as your “context” for telling me to go back to where I came from?
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There are no words to adequtely express how dumb Trump’s performance was last night. He clowned himself in front of the entire world. The poster and the ‘formula’ were funny, in a pathetic kind of way. The finance people of the world figured out what was going on in about 15 minutes.
Any so-called economist that works for Trump should resign immediately. I am very disappointed in Kevin Hassett and the new guy Stephen Miran – they should know better.
As for Peter Navarro (lawyer) and Larry Kudlow (history major), I have never respected their work as ‘economists’; their involvement in this performance was what I expected.
These tariffs, if they stand, wil cripple the part of our economy dependent on trade – farmers, autos and machinery manufacturers, retailers, apparel makers.
If on the other hand, Trump backs off from them, he will lose what little credibility he has left.
This is a huge unforced error by the orange man.
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Jason is nearing MD-level rage. Not healthy, Jason”
Zzzzz….
I have a pork roast in the oven and some sauerkraut simmering with some slab bacon and a couple Troeg IPA in the freezer for extra icing.
My lunch will be great.
Life is good.
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Is the (alleged) fact that Jason voted for these tariffs increasing or decreasing his anger?
Chicon
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Heh!
Jason – as I have always said, Free Trade is the goal. I’m willing to bet that Trump is doing things towards that end.
And Congress needs to act! Get to work, pass “TheBigBeautifulBill”!
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Excellent “review” BillW.
But the protectionists don’t care about any of that.
They think ending foreign trade is good for America the Island.
And even if it is not, it satisfies their ideology.
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Senate to vote on tax package Saturday per Senator Kennedy. I read it from a poster at another site. Any other confirmation?
The House of Srupidity is on vacation
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BillW – thought you didn’t vote for him – no worries
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We have had the lowest tariffs/taxes on imports when compared to any other country in the G20. Tell me how this works out to be a fair proposition for the US.
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Jason – as I have always said, Free Trade is the goal.”
LOL
The old “f—king for virginity”.
Trump has attacked free trade for decades. It is the ONE meme he has never wavered from.
Let’s get real.
Trump opposes free trade, free markets, and free enterprise as a core principle.
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Tell me how this works out to be a fair proposition for the US.”
Your hero Rand Paul already gave you the answer.
“Paul added that the very international trade that Trump’s decision serves to stymie is what actually leads to prosperity. “We know by looking at the history of the last—at least 70 years or so in this country, that as international trade has increased, so has the prosperity of our country,” he said.”
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This headline is incorrect. It is doa in the house. Let’s say somehow it gets through the house, trump will veto and not enough to override it.
Senate Republicans killed Trump’s Canadian tariffs, voting 51-48 as four joined Democrats. The resolution stalls in the House, exposing GOP division
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The Senate Rinos cannot kill it unilaterally.
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Heh! You know people are unhinged when they say about others “They think ending foreign trade is good for America the Island.”
That is so Not True in regard to my thinking, or any other person on this blogs thinking, as to be hysterical!
Jason-Robbie is going cuckoo!
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Is the (alleged) fact that Jason voted for these tariffs increasing or decreasing his anger?”
Zzzzzz….
Like I have not oppose protectionist and isolationist policies here for years?
You really are a moron.
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Lots of concern trolls and freepassers out.
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All economists who don’t agree with Bill need to be booted from the club. Sounds like the global warming scientists who ostracize who challenge their position.
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BillW – you are so off your economic game that it’s not worth going thru your pathetic post – one that demeaned and belittled a speech and plan with little else to offer.
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Yup, same types as in Reagan’s first 2 years.
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They are not even cross the board reciprocal tariffs. The tariff we impose is half or less
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Senate Republicans killed Trump’s Canadian tariffs, voting 51-48 as four joined Democrats. The resolution stalls in the House, exposing GOP division”
Bring it up for a vote in the House.
I am sure it will pass.
No, it won’t survive a veto.
But I thought the “SEND A MESSAGE” crowd here would approve of sending a message.
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Cheers until later!
Go change your panties, Jason-Robbie!
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Jason writes like tariffs are the worst thing ever, yet voted for them. And then calls others morons.
I love this place.
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Tina
April 3, 2025 at 11:53 am
The Senate Rinos cannot kill it unilaterally.”
Ok.
Tina calls Rand Paul a RINO.
NYC will be sad.
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Trump opposes free trade, free markets, and free enterprise as a core principle.
Jason’s definition of free trade, markets etc is to bend over and give without getting anything beneficial back in return. Like a permissive parent, let the kid make the rules so he will “like” you.
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https://www.zerohedge.com/geopolitical/here-are-three-goals-trump-wants-achieve-through-his-global-trade-war
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Jason writes like tariffs are the worst thing ever, yet voted for them.”
Zzzzzz…
I have always opposed tariffs here, never supported them.
But you know that.
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We don’t tariff foreign goods
foreign countries tariff our goods
This is free trade.
-free passer
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Also, anyone who stoops to using the phrase “Orange man” is an unserious poster, IMO, who is only here to smear and be oppositional.
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New York City Mayor Eric Adams has announced that he will seek reelection as an Independent, breaking from the Democratic Party.”
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This is free trade.”
Tina, you wouldn’t know free trade if it hit you in the face.
You are so ignorant of anything to do with economics you might want to sit this one out.
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janzam,
I really can’t help the fact that you don’t know what you are talking about relative to tariffs. Let me explain the ‘formula’ however:
Step 1: Take the trade deficit with country X and divide it by the total trade with country X.
Step 2: Turn the quotient from Step 1 into a percentage and call it “the amount country X is cheating the US”.
Step 3: Divide the percentage from Step 2 in half and arrive at the amount that will be called “US reciprocal tariff with country X”.
So the only way for any country to avoid high tariffs is to have exactly balanced trade with the US…..or not to trade with the US at all.
Developing countries that sell coffee, cocoa, sugar, and other products that we don’t make well here? High tariffs.
Countries with lots of natural resources that we would like to buy, like petroleum, bauxite for aluminum, iron ore, strategic metals? High tariffs.
This is undoing over 100 years of productive and mutually beneficial trading relationships among every country in the world. This is not Reagan-like. It is not Calvin Coolidge-like. It is William McKinley-like. This is the mercantilist approach that most countries of the world abandoned early in the 20th century.
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“I have always opposed tariffs here, never supported them.”
You also always supported Ukraine, too. And hated Trump’s position on both. They are, by far, the two most common topics of your posts; yet you voted for Trump.
And others are the morons…..
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Trump voters deserve each other.
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By the way, if you buy something from a person (person Z) in another country and Z accepts US dollars in exchange, you have receved full value from that transaction. No cheating.
If person Z in the other country refuses to buy anything from the US, Z is left holding US dollars (pictures of dead Presidents). No cheating here either.
No one in the US is harmed by either transaction. Eventually, the amount of US dollars building up in the other country may get to be huge (like our bilateral deficit with China). There is no cheating anywhere.
The country is not ‘taking advantage of the US’ and so any ‘punishment’ of that country makes no sense. We are not, as janzem says: “bend(ing) over and give without getting anything beneficial back in return.”
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“I have always opposed tariffs here, never supported them.”
You also always supported Ukraine, too. And hated Trump’s position on both. They are, by far, the two most common topics of your posts; yet you voted for Trump.”
Yes, I understand you voted for Trump because you think you need to agree with him 100% of the time on 100% of issues.
I voted for Trump despite complete disagreement with his Ukraine policy and other foreign policy ideas and complete disagreement on tariffs and stupid trade wars.
I voted for Trump because I support his policies on energy independence, war on wokism, judicial appointments, deregulation, rebuilding the military, tax cuts, and other policies.
I am sorry that independent thinking is offensive to you as it is to all Cultists.
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Many of the stellantis vehicles are built in Ontario. That plant is closing temporarily for 2 weeks. stellantis needs to bring the plant back to America.
https://x.com/amuse/status/1907826580077805796?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
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No more boot. Regular shoes.
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The free passers said he was not demented.
Biden’s Ex-Chief of Staff Spills Beans on Mental Decline — Says He Couldn’t Grasp Basic Concepts, Fell Asleep in Debate Prep and Thought He Was Leader of NATO
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Bill W, trying to teach basic economics to Tina and Janzam would be like trying to teach nuclear physics to a doorknob.
You are wasting your time.
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Bitter is making progress.
It is always good to see an A-Hole forge ahead.
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The free passers said he was not demented.”
Funny that Tina, who constantly invents things nobody said, is talking about others being “demented”.
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I am not opposed to spending political capital to get some results.
I think Doge for example is a good thing to spend political capital on.
Tariffs? No.
I predict polls will show Americans want Trump to concentrate on lowering prices and that most people will see tariffs as raising them.
Taking bets.
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Reagan’s actions were guided by his conservative ideology. Trump’s are guided by his desire to tell everybody here and abroad to F off.
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Almost every country in the world imposes tariffs on US imports. Are they all economic morons as alleged by the HHR Economist Illuminati? Why do they impose tariffs? Why are all of them hurting their own people?
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According to a statement from the Office of the United States Trade Representative (USTR), the tariffs are calculated using a straightforward formula based on each country’s goods trade surplus with the United States. Specifically, the method divides a country’s trade surplus by its total exports to the U.S., then applies a 50 percent discount to the resulting percentage.
For example, China exported $438 billion in goods to the U.S. in 2024 and ran a trade surplus of $295 billion, according to Census Bureau data. That yields a surplus ratio of 67.4 percent, and after halving that figure, the U.S. imposed a 34 percent reciprocal tariff rate.
Countries with smaller imbalances are assessed proportionally lower rates. Nations where trade flows are roughly even or where the U.S. runs a surplus are subject to a flat 10 percent tariff.
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https://www.breitbart.com/economy/2025/04/03/how-the-trump-administration-calculated-the-new-reciprocal-tariffs/
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Tariffs to raise revenue have been used throughout the years – you gain some government revenue and you injure your consumers – a trade-off.
Tariffs to protect local businesses are more common – the EU imposes tariffs and a number of non-tariff barriers (local content requirements, banning of GMOs). From a free trade perspective, they make no sense but if the local businesses are powerful enough, they can convince the government to put tariffs or non-tariff barriers in place. The European farmers are a great example of this type of protection.
There is a third argument used for tariffs – called the Infant Industry argument. If your country is trying to develop a specific industry and foreigners are more well established, the overseas companies may have lower costs. Pro-tariff factions make the case that the infant industries just need temporary protection until they can get big enough to become efficient. At that point, the protective tariff may be removed.
Most US tariffs over the past 50 years have been imposed to protect not infant industries but established or declining industries that have higher costs than overseas firms. This helps the managers of the US firms, helps the workers at those firms, and hurts absolutely everyone else. So auto & steel executives and union members in those US industries are pro-tariff. Anything that raises the costs of my rivals helps me.
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The Economics Illuminati here have said that a tariff is simply a tax paid by the US consumer. This suggests there will be no impact on the country of origin. Why, then, are all these countries having kittens like Jason and Bill?
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Bitter, I’m glad to see you’re progressing. Keep it up.
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Chicon – Perhaps they believe that Trump has made the first move in a negotiation and if they react strongly enough, he will back down.
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Reagan’s actions were guided by his conservative ideology. Trump’s are guided by his desire to tell everybody here and abroad to F off.
When Reagan was first formulating policy he was roundly criticized by both friend and foe of both parties. It was not until after his way of governance produced positive results (for the most part) did he become a “cult” figure to those who refer to him today as an icon of conservatism. In the same way, Trump’s 1st term was considered a success, mainly marred by the introduction of COVID during his last year. Now, during his 2nd historic return, having been in office for 82 days, people are ragging on his rapid-fire policies meant to reduce government and reset trade practices that have more parity – much like was done during the early Reagan years. Also, much like Reagan believed in enacting strength through his words and actions, so does Trump – although, because of “Trump disdain” his words are being interpreted as “F off.”
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if they react strongly enough, he will back down.
That’s the only comment you’ve made in which I agree.
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2 weeks ago we were not allies anymore per the euro commie.
CANADA STARTS TO CAVE! Prime Minister Mark Carney, who recently said the relationship with the U.S. is over, backtracks big-time “The U.S., absolutely, is our ally! Our ally in security and defense, our most important security ally!”
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Almost every country in the world imposes tariffs on US imports. Are they all economic morons as alleged by the HHR Economist Illuminati? Why do they impose tariffs? Why are all of them hurting their own people?”
Ah yes, what a brilliant argument!
Other countries impose tariffs related taxes on their own people, so we should imitate them and impose more taxes on our people.
Genius, I tell you.
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Reagan’s actions were guided by his conservative ideology. Trump’s are guided by his desire to tell everybody here and abroad to F off.“
Exactly.
Reagan was a conservative visionaire.
Trump is just an AFL-CIO guided admirer of protectionism.
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Bill, would there be an economic benefit to the US if all countries lowered by half the tariffs imposed on US goods sold in their countries?
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Nice dodge, Jason.
Is every other country stupid?
If tariffs are merely a tax paid by the citizens of the importing country, why are other countries angry about Trump’s tariffs?
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Chicon – Yes, any tariff reductions and/or reductions in non-tariff barriers would benefit both the US and the country that reduced its tariff.
However, individual firms and workers in that country would be harmed. Some of them have loud voices (European farmers).
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Question of the day….
Why is it when someone agrees with Trump there are labeled as part of the cult. And others that worship Reagan are not?
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I revere Reagan for his ideas, policies, and results.
The Cult reveres Trump because of his GFY personality.
Trump was a good President in his first term. He decided to toss all of that away now in desire to fight everybody of all parties and nations.
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I like Reagan and Trump.
I despise mute 43. His father was a bit better, but not much.
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Both Canada and Mexico are subject to a 25% tariff, but the goods covered under the United States-Mexico-Canada Agreement are exempt.
Ford said that he had been speaking with Commerce Secretary Howard Lutnick and working on a trade deal that will benefit both countries.
“You’ll see the markets climb if that happens,” he said, referencing the potential deal. “You’ll see greater investment, greater consumer confidence, and that’s what we believe is the right thing to do.
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To the best of my recollection, there has never been a Reagan ‘cult’, a group of people who believe that everything Reagan did was correct and beyond criticism.
I am aware of two cults over the past 20 years – the Obama cult and the Trump cult. In both of those cases, the adherents expressed support for everything their hero did.
If you believe that Donald Trump is the smartest person ever elected President, if you think he is playing 4-D chess and sees further into the future than normal human beings, if you find an excuse for every difficult to understand action he takes, then you probably are in the Trump cult.
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Mute 43 has to rank up there with one of the worst presidents in the last fifty years. Everything he did was a phuq up.
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Yup, the trade agreement with messico and canadiaccp are exempt.
If the countries reduced their tariffs, or if production shifts here, there is no problem
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Breaking: Gm to expand production in Indiana due to tariffs.
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…..so Chinese firms send everything to a Canadian firm in Vancouver and the Canadian company ships it to the US? Low tariffs
That is exactly what happens to cocaine from South America. It gets shipped to a Mexican cartel. The cartel then ships it into the US. No tariffs!
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Strip his security clearance. He is a threat to democracy and pro terrorist.
Judge Bonesberg to have hearing at 3 PM today ordering Defendants to show cause why they did not violate the Court’s Temporary Restraining Orders
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nadian and Mexican goods that are compliant with the U.S.-Mexico-Canada Agreement will continue to be tariff-free, the White House has said.
An administration official said Wednesday that new reciprocal tariffs wouldn’t apply to Mexico and Canada, but the existing fentanyl-based tariffs would continue.
On Wednesday evening, the White House clarified that a previous exemption for USMCA-compliant goods would continue, saying that such goods “will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA compliant energy and potash will see a 10% tariff.”
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Senators growing some balls?
Let’s hope.
“WASHINGTON (Reuters) -Two senior lawmakers on the Senate Finance Committee introduced legislation on Thursday seeking to rein in U.S. President Donald Trump’s ability to impose tariffs and would require congressional approval for new levies within 60 days.
Republican Senator Chuck Grassley and Democrat Maria Cantwell introduced legislation that would require the president to notify Congress on new tariffs with an explanation of the rationale, including an analysis of the potential impact on U.S. businesses and consumers.”
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(janz) my last post was for you. The goods have to be compliant. So, the Mexican made Tacoma’s made in the sheotty plant are exempt.
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If tariffs are merely a tax paid by the citizens of the importing country, why are other countries angry about Trump’s tariffs?”
Zzzzz…. voodoo logic.
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Thanks Tina for the clarification.
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more firing today including the adviser to Waltz. (Alex Wong, who was responsible for the signal fiasco. I still think waltz is gone soon,
https://www.cnn.com/2025/04/03/politics/nsc-firings-trump-laura-loomer-meeting/index.html
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Wong could be gone today*
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Thanks, Bill.
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Jason sez….Senators growing some balls?
Jason loves Senators pushing anti-tariff stuff that could never be enacted.
Jason says starting impeachment proceedings against judges is a waste of time because they’ll never be convicted in the Senate.
I love this place.
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“Zzzzz…. voodoo logic.”
Translation…..I’m stumped.
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Pass “TheBigBeautifulBill” now!
If Republicans are so worried about markets, and elections, and low income voters being worried about tariffs, make the Trump tax cuts permanent and push to lower or get rid of taxes on tips and OT.
Get to work, Congress!
Do all those things which will benefit every single American company and worker, while making our nation the best place to invest and set up shop!
let’s go!
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https://x.com/amuse/status/1907865938990375059?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
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Now, during his 2nd historic return, having been in office for 82 days,
My bad…DJT has been in office for 73 days.
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Clown Carney will be the name of the new Canadian car company.
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Chicon,
If I could step in for Jason – Even if tariffs are a tax paid by importers (and therefore by producers), the higher price of the good means that fewer units are produced, imported, and sold. So producers and importers are harmed by the reduction in quantity sold, consumers are harmed by the higher prices they pay. Since both exporting and importing countries are damaged, they may – and probably should – oppose high tariffs.
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They cannot pass the tax cuts. 4 rinos had to give in for the tariffs and the house is on vacation because Luna introduced a stupid bill even though childcare is free for Congress and she has to do her phuqin job.
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No clue why the house was closed by the Keebler elf.
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Shut this NGO down
https://www.thegatewaypundit.com/2025/04/must-watch-government-funded-ngo-caught-undercover-video/
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Tina – A successful discharge petition must be acted on by the whole House within two legislative days of its passage. By shutting down the House, the Speaker ensures that those two legislative days will not start until after the Easter recess. That gives him more time to scheme up a way to avoid a vote on Luna’s measure.
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TNT
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Bill said….”Since both exporting and importing countries are damaged, they may – and probably should – oppose high tariffs.”
Fully agreed. I guess the issue is what to do when one side imposes high tariffs on the other. It appears that US policy has – for generations – been to politely ask them to stop. As you point out, tariffs imposed by other countries on US imports to their countries hurts the US economy.
Assuming the best outcome is to get other countries to lower their tariffs, how would you propose the US achieves that goal?
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