Its hilarious to listen to them still trying to blame everything going wrong since they took over on Biden.
as reported by Bloomberg, the tariff war intensifies, no end in sight As far as China is concerned, America started it. Earlier this week, US Treasury Secretary Scott Bessent blamed Beijing for the most recent blowup of ongoing efforts to resolve the trade war triggered by President Donald Trump. On Thursday, it was Wang Wentao’s turn: The Chinese commerce minister said recent escalations are a result of White House actions following talks in Madrid last month, blaming the “intensive introduction of a series of restrictive measures against China” for setting off the current spiral of threats. Shortly after those negotiations led by Bessent and Chinese Vice Premier He Lifeng, the US commerce department widened the application of sanctions to companies affiliated with blacklisted Chinese firms. Beijing has justified its decision to tighten control of rare-earth elements as a defensive reaction, one that’s apparently put the US on the backfoot as Bessent floats trial balloons about a new truce. Whether that cools things down remains an open question. On Thursday, Wang said the US measures “seriously harmed China’s interests and undermined the atmosphere of the bilateral economic and trade talks.”
on Wed, the war of words from Trump's tariff negotiator and Sec of the Treasury,Bessent today Bessent back-pedals, TACO US Treasury Secretary Scott Bessent dangled the possibility of extending a pause of import duties on Chinese goods for longer than three months if China halts its plan for strict new export controls on rare-earth elements. https://www.cnbctv18.com/world/scot...a-truce-after-rare-earths-gambit-19717680.htm it is deja vu all over again, starting an ill-conceived tariff war without any planning at all tariffs under Trump 1.0 was supposed to be the " be all" to end all of the economic disadvantages that the US had endured when Biden succeeded Trump, he did not make any changes to the tariffs initiated by Trump 1.0 Trump 2.0's tariffs was initiated under the same pretense it amounts to an admisstion that Trump 1.0's tariffs did not work
while China is the trillion $ elephant in the intternational trade arena, Trump 2.0 is having difficulties with our neighbor to the north. Canada has started to flood TV stations with this comment from the Ronald Reagan Presidential Foundation & Institute. The ad featured the words of former President Ronald Reagan: “When someone says let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes, for a short while, it works — but only for a short time. ” “High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens: markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs.” the ads have been so effective that Trump has called off trade negotiation w Canada
Ontario pulled the ad, they did everything right except the last and most important step...capitulation at the end.
LOL, the ad backfired spectacularly. In exchange for some cheap laughs from people who don't understand how successful the tariffs have been, the Canadians spent $50+ million on the ads and now are going to face 25% tariffs for a long time. OOPS. An expensive chuckle for Doug Ford and the other Canadians. Trump Derangement Syndrome takes down another one! GOOD DAY
Ronald Reagan's statements praising free trade, as reported in a commercial broadcast in Ontario, are not generated by artificial intelligence, as can be easily verified from the audio transcript provided by a reliable source: https://www.reaganlibrary.gov/archives/speech/radio-address-nation-free-and-fair-trade-4
Imagine bragging about forcing Americans having to pay more for every day goods bcz his feelings got hurt over a commercial. Every day that goes by you morons expose yourself as dumber and dumber
You still cannot grasp the impact of the tariffs. They are driving HUGE benefits in terms of trade at the negotiating table... benefitting American exporters and manufacturers... AND the producers are paying a large percentage of the tariffs in order to maintain market share. Any competitive market that has both American and Canadian players will not have consumers who pay the tariff... as the Canadian supplier will lose huge share... so the tariffs have been ending up being eaten by the foreign producer. This is why inflation is so mild -- and it's why all the economists got it wrong (Trump got it right). Inflation is at historically low levels, which is proving this out. It's clear that your temperament doesn't allow you to think beyond 1st order impacts... and leads to a lot of mistakes. Controlling your emotions is probably the first place for you to start... on your journey to thinking clearly and critically. GOOD DAY
Your cult hero just levied a 10% tax on all Americans bcz his feelings were hurt about a commercial. Nobody is buying your low iq propaganda
Again, the tariff is largely paid by the Canadian producer. That's what the data shows. And the benefits from tariffs have been tremendous. All the while, economic growth is strong, inflation is low, and the stock market is soaring. We're in the Golden Age and liberals are missing it because of their emotions. A pity! GOOD DAY
Sincerely asking but in your version of Christianity is lying a sin? Im asking here as a non Christian if the Bible gives permission to lie as much as you do?
You are using a study. I am using economic data -- LOW INFLATION. The data shows I'm right. Facts show I'm right. But to your religious taunt -- would love to hear your perspective on the following: Is giving women lashings a sin in Islam? How about mandating that they dress up in tents? Is pedophilia a sin, like when Muhammed consummated his relationship with a 9-year old wife? I'd love to hear your views on homosexuality and how that squares with Islam. Don't step, amigo. Not when this is your house. GOOD DAY
The cost of tariffs to the consumer is not a hot topic, no matter how much you want it to be. Consumers have choices. They can pay a 25% tariff on a product made oversees or they can pay 50% more on the domestic product. The problem with tariffs is the uncertainty. Hundred of billions of dollars is being imported into the US and companies are struggling on how to price these items. Your oversimplification is stupid. This goes beyond ATM pricing. A lot of this product will have to be held at tariffed prices for years (consumers pay) or, after the tariff nonsense is over, companies will have to mark down the price and take a hit just to get rid of the inventory (business pays). Every example is different - generalizing and over simplifying it is just stupid. You really do not know what you're talking about and you have a very strong opinion on every subject out there.
Not to stupidly generalize or oversimplify, but my perception is that people are VERY aware of the costs of tariffs on consumers. maybe it’s my totally whacked out worldview distorting my perception, but it honestly seems like something Americans are both talking and are concerned about in the real world about all the time as of late.
