China Seeks Trade Edge, Shunning US Soy, The First Time Since The 1990s More TACO (Trump Chickening Out Again) moves forthcoming !
OECD warns Trump 2.0’s tariffs have ‘yet to be fully felt in the U.S. economy" too many TACO (trump chickening out again) moves, such that, almost 6 months after Trump's declared liberation day there is still no trade deals w the world #2 economy, China, most probably, the deadline will be pushed into 2026. That’s the outlook from the Organisation for Economic Co-operation and Development (OECD), the international, multilateral organization with the mission of driving the highest possible economic growth for the world. also, there have been many inconsistencies in Trump's action. he had increased the tariff rate on impoeta from India because it continues to buy Russian oil. yet, nothing done to China, the largest buyer of Russian oil over the past decade.
Everything is going to get more and more expensive. But hey, Trump's got his palace decorated in gold, his new Rose Garden Club for the rich, and luxury ballroom being built. Trump to put import taxes on kitchen cabinets, furniture and heavy trucks starting next week WASHINGTON (AP) — President Donald Trump said Thursday that he will put import taxes of 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1. Trump said on his social media site that foreign manufacturers of furniture and cabinetry were flooding the United States with their products and that tariffs must be applied “for National Security and other reasons.” Trump said that foreign-made heavy trucks and parts are hurting domestic producers. https://www.sfgate.com/news/politic...import-taxes-on-kitchen-cabinets-21068117.php
They're already clearcutting the rainforest to make room for soybeans...what do you think bombing them will help, other than speeding up the process?
https://www.washingtonpost.com/opinions/2025/09/26/trump-tariffs-money-spending-deficit/ U.S. tariffs are making a fortune. Put it to good use. U.S. tariffs are bringing in a huge influx of money. Where should it go? September 26, 2025 at 12:14 p.m. EDT Yesterday at 12:14 p.m. EDT By Matthew Lynn Matthew Lynn is a financial columnist and author. He writes for the Daily Telegraph and the Spectator in London. The U.S. tariff spree accelerated Thursday with President Donald Trump’s announcement of 100 percent tariffs on pharmaceutical drugs, 50 percent on kitchen cabinets and bathroom vanities, and other levies on upholstered furniture (30 percent) and heavy trucks (25 percent), starting Oct. 1. It isn’t clear precisely how much government coffers are swelling from the tariff binge Trump embarked on in the spring, but it’s looking like at least $30 billion a month. Even allowing for inflation, that still just about counts as serious money. But there’s a question even more important than how much is coming in: What should the United States be doing with that cash? After all, the tariffs make intellectual sense only if they are used to strengthen the U.S. economy — and that depends on how the money is spent. With the oddly named “Liberation Day” (liberating dollars from American importers?), Trump ripped up 70 years of steadily liberalizing global trade and imposed some of the steepest tariffs in the nation’s history. According to the latest update from the Treasury Department, tariff revenue for August — the first month reflecting Trump’s full tariffs, at least to that point — came to $29.5 billion, an all-time monthly record. True, demand for some imports might decline as prices go up, and some foreign manufacturers might shift production to the U.S., or give up on the American market, but a reasonable guess is that the annual extra tariff revenue will probably come to at least $400 billion, possibly $500 billion, given Trump’s demonstrated enthusiasm for more levies. It has always been a little hard, to put it politely, to work out the precise intellectual underpinnings of the tariffs. But the big idea has always been to strengthen the U.S. economy, and especially manufacturing, and the well-paid blue-collar jobs it creates. There are only three real options for deploying the government’s tariff fortune. First, the money could be used for tax incentives, subsidies or grants to help domestic manufacturers, so that they would be better positioned to replace the imports that have suddenly become more expensive. If toys from Vietnam, or household appliances from South Korea, face tariffs, space will open up for American entrepreneurs to compete, and tax breaks would help them build the factories they will need. The second option: The money could be used for broad-based tax cuts, to compensate regular consumers for the rising prices of everything that is imported. Or, finally, it could be used to reduce the budget deficit — even if actually balancing the extremely lopsided books is a long way off, pouring in nearly half a trillion dollars might at least help stabilize matters. What is the best choice? There is clearly no point in trying to do all three, even if that might be Trump’s instinct. The impact of an extra $500 billion will be meaningful only if it is concentrated in one place. Helping manufacturing makes a lot of sense. But the U.S. has already seen the wild subsidies in Joe Biden’s presidency, and given how poorly the money was spent last time around, handing out more free cash would be a dubious project. If imports are more expensive, then American manufacturers have already received a big boost, and they should find it easier to compete against foreign rivals — muting the impact of further assistance. How about broad-based tax cuts? They are always welcome, and given that tariffs are ultimately taxes in disguise, there’s a certain logic to using the money that way. But with U.S. inflation running at less than 3 percent, there isn’t much evidence (yet) that tariffs will fuel a surge in prices. That leaves the deficit as the place where all that money would really make a difference. With the deficit at a projected $1.7 trillion for fiscal 2025, if the tariff revenue were committed entirely to deficit reduction, it would bring down the amount the U.S. government has to borrow every year by almost one-third. The impact would be huge. It would, potentially at least, lower bond yields (given that investors have been demanding higher prices for U.S. debt as the deficit rises), which in turn would allow the Federal Reserve to accelerate interest rate cuts, strengthen the dollar and free up private capital for productive investment elsewhere. And, even more important, it would be a significant step toward securing long-term U.S. solvency and the global leadership of the dollar. That really would make a difference both to the strength of the economy and to national security. We can all argue about whether tariffs are a good or bad idea. But that ship has already sailed. They are an established fact and likely to remain in place for at least four years. What hasn’t been settled — what seems to have not even received much serious discussion — is where all the money raised should be deployed. The effectiveness of that deployment will eventually determine whether Trump’s tariffs are seen as a success or a failure.
Trump continues to humiliate the economists who all said tariffs wouldn't work. Meanwhile, jobs are moving back to America, foreign markets are opening their doors to American products, and we have created a financial war chest of hundreds of billions of dollars in tariff income. Foreign producers are paying a huge chuck of the bill... as they try to preserve market share in the USA. Trump's leadership on the issue of tariffs has been incredible... in the face of almost universally negative coverage by the media... and yet here we are AGAIN with him being proven right. GOOD DAY
Quite amazing. The party that once stood for no new taxes is now the party of massive across the board taxation by decree, and they couldn't be prouder.
more egs of the stupidity of Trump 2.0 ill-conceived tariffs Some 6 months after Trump 2.0 declaring liberation day, US cedes its share of China's beef market to Australia Australian beef has replaced U.S. supply in China since President Donald Trump returned to the White House, funnelling hundreds of millions of dollars that have in previous years gone to the U.S. cattle industry into Australian pockets. U.S. shipments to China, worth around $120 million a month, collapsed after Beijing in March allowed permits to expire at hundreds of American meat facilities and as Trump unleashed a tit-for-tat tariff war. Trump 2.0 extended a $20 billion line of credit to prop up the cratering Argentina peso---enabling Milieu's country to make a HUGE sales of soybeans to China---to screw the US soy bean farmers some more
Who could have seen this coming? Most people with a passing understanding of Economics, of which Donald J Trump is not one.
I`ve seen some of the American made furniture at Gallery, made the mistake in going a few months ago and the friggin sectionals were $8k............nah, went to rooms to go and got a good deal worth $2k....................I dont give a F where it was made, if I can save $6k I am doing it ps, for all you maga folks, Gallery Furniture has turned into your wet dream with the propaganda everywhere and hey you wanna but American so go on in and OVER PAY
