It appears that Peter Nararro, aka Ron Nara, has won his battle with Elon Musk. Ron Nara's next political fight will be with Scot Bennett, the former hedge fund manager and Trump 2.0 's Treasury Secretary Trump Trade Adviser Peter Navarro: ‘This (Tariffs) Is Not a Negotiation’, declaring that it is a national emergency Bessent Jets to Florida to Urge Trump to Change Message on Tariffs U.S. Treasury Secretary Scott Bessent flew to Florida on Sunday to urge President Donald Trump to focus his message on negotiating favorable trade deals rather than permanent tariffs Bessent warned that markets would "keep melting" unless Trump shifted his stance to emphasize the endgame of his tariff strategy. Bessent's intervention represents the first known attempt by a senior administration official to modify Trump's trade position. While Bessent has publicly defended the president's tariff strategy, he privately suggested that markets would continue declining unless Trump clarified his desired outcome.
Who knows.... it really comes down to how it's implemented. Both sides of advantages and disadvantages in adjusting to such a change.
Has nobody around him explained to this dumbass what a tariff is? He keeps saying this sh*t, and u have to have been born with 5 extra chromosomes to still be buying this nonsense
President Donald Trump on Tuesday said the U.S. will soon announce a "major" tariff on pharmaceutical imports. Speaking to an event at the National Republican Congressional Committee, Trump said the tariff will incentivize drug companies to move their operations to the U.S.
Ford does sell sedans for Euro market. One of the reasons why they didn't file for bankruptcy in 2008. Imagine a Euro who still wants buy a Tesla (imagine lol), and let's say the tariff was 5k, the VAT would compound on that 5k, so the tariff portion of the VAT would be an extra 1K in taxes. VAT is applied to all consumer products, but like our domestic EV rebates, there are incentives in each country to promote buying domestic, namely VAT rebates for cars under a certain price.
very informative, which corroborates what Elon had said about Peter Navarro, " a F&&king moron" navarro only counts manufacturing goods, but doesn't count software licenses (MS office, CrowdStrike, HP, etc) foreign countries buy from US firm American made movies, TV shows foreign countries buy from US co my bold prediction, this Tariffs folly will end soon; afterwhich, Elon will still own TSLA and Peter Navarro, aka Ron Nara will be unemployed.
China trade to us is less than 500 billion, what if China stop selling to the US or the US stop buying from China completely. US inflation will be higher, China will have higher unemployment, China will try to develop other markets and US will try to find other sources of imports, it will be real interesting to see in ten to twenty years which country will be hurt more, it is anyone's guess at this point.
The entire EU market is going to pivot hard to China. When Biden was POTUS we successfully pulled away the Europeans from China and even had their largest companies join us with export controls to China for critical tech. What's happening now by Trump destroying our alliances with EU is Chinas wet dream. They were praying for a dumbass like Trump to destroy the transatlantic relationship. People don't realize the EU is almost as big of a market as USA. What MAGATs dont understand is everything isn't zero sum. Theres consequences to destroying your alliances
It genuinely blows my mind how utterly delusional and braindead you people are. America relies 100% on china for critical minerals. We dont process any heavy metals here for decades. The only firm that process critical minerals is MP but they don't do it on a large enough scale. They just opened up their own magnet facility which is the first of its kind in the nation. We get all of our magnets and critical minerals processed in china. We need these critical minerals for all of our weapons/batteries.
I explicitly did not vote for an implosion of the US and international economic systems we built up over the last 80 years.
What’s ironic to me is that the billionaire class piled into the MAGA movement in 2024 because there was a whiff of a wealth tax coming from Harris. But that tax would’ve been to the tune of tens of billions collectively while the Trump tariffs have lost them (for now) hundreds of billions collectively.
Got up this morning and purchased a washer dryer set made by LG. Had a Whirlpool set but it was never great. The overflow sensor quit on us last weekend causing a nice little flood in the basement laundry room. Let's hope no more of my major appliances crap the bed in the next 3.75 years. We donated the dryer to Habitat for Humanity. Buying tip: You can join Home Depot Pro, for nothing and it's not just for contractors anyone can sign up. so you basically get 20% off of everything you purchase. And it does not cancel out military discounts for us who have served. This will mitigate some of the taxes um tariffs once they hit. On another note, got my Rybelsus prescription refilled yesterday. 30.00 for a 90-day supply. I will report back in July and see if there is a significant increase in pricing.
More billionaires supported Harris and gave her more money. The technocrats piled into Musk's support for Trump. They were not happy with how the left was handling M&A's and the industry as a whole. Billionaires are not that concerned when politicians threaten to tax them. They know it's nothing more than to get the stupid vote from people who have no idea how billionaires get their wealth or fail to understand that when their wealth goes down, so does everyone elses.
Wrong. 8 of the biggest 10 donations all went to Trump. Musk + Alderson gave a combined 600 million dollars to Trump. Your bullshit doesn't work here
