Believe me I know. I just did three weeks in Malaysia/Singapore/Indonesia and I was shocked at the pro china sentiment. They all hate America and think his dumbass tariffs destroyed their economy. MAGATs dont realize how much theyre hated. The entire world is running to China
I saw on aviation reddit the dude just posted something about decertifying Canadian made aircraft I swear the amount of bullshit insider trading and corruption that is enabled through this guys tweets is insane. We will look back on this time and see the trillions Trump and his ilk have extracted from America and weep
@astros123 maybe @Salvy can explain how this is good for America? It’s good for my expat parents though. They just bought a car overseas because the conversion rate is stupid high. If Benjamin Franklin were around today, he’d probably be battling self-worth issues, as the value of the bills with his face on them plummets. The dollar has sunk 2% against a basket of foreign currencies since the start of 2026 and almost 11% in the past year in a sign that global investors are growing bearish on Uncle Sam. Dollar dampeners Earlier this week, the greenback took its biggest one-day plunge since “Liberation Day” tariffs rattled markets in April, when President Trump—who previously spoke in favor of a weaker dollar—said he’s not concerned with the currency’s slide. While it briefly rebounded the next day after Treasury Secretary Scott Bessent said the administration was pursuing a strong dollar, investors have longer-term dollar disquiet: Geopolitical tensions, like Trump’s recent spat with European allies over his Greenland annexation push, are causing sheepishness about America’s future role in global finance. There are also worries that the Fed’s lowering of interest rates could fuel inflation, and that the US government debt is unsustainable. And in a sign that the dollar might be losing its status as a popular hedge in times of distress, its value is falling at the same time that fellow safe-haven assets like gold and the Swiss franc surge. Who gets stronger from a weaker dollar? A dip in the dollar can help US producers export more, since their goods become cheaper for foreign buyers. It could also boost the bottom line of American multinationals with vast overseas operations—like McDonald’s—as it would inflate revenues in dollar terms, while expenses (like the salaries of stateside executives) remain stable. On the flip side, a weak dollar makes imports—say, Italian pasta or Taiwanese computer chips—more expensive. It could push up US Treasury bond yields, making it pricier for the government and Americans to borrow money. Looking ahead: While some analysts caution that the dollar might still be far from rock bottom, others argue against dollar doomerism, citing America’s enduring dominance in global markets.—SK
The odd part is SCOTUS has had this case for months and they have not ruled on the legality of the tariffs.............why are they slow walking this, when its pretty evident this is taxation without representation
The tax code needs to get fixed. As long as we are running an annual deficit, there should be some they-hall-not-go-below AMTs for businesses and individuals. The tax code has huge carve outs for entities that lobby for them. Having special provisions for when the federal government can not balance its budget only seems fair..
Hold on their buddy, on Liberation Day I was told all these companies were going to invest BILLIONS, other countries were going to INVEST BILLIONS, so this is FAKE NEWS. We even had some folks on here that said they would be willing to pay more for goods if it meant bringing those jobs back I have been practicing with my miniature screwdriver so when the time is right, I can turn the screws in the new iPhone in the new factory where I will make UNION WAGES with Healthcare and Benefits and then sell you the new phone for $4750.00 I got an e-mail today from maga telling me they would have an answer in 2 weeks......................which is odd, cause I have been getting that e-mail all year, but this time they mean it........2 weeks baby WOOT WOOT
Most probably, the USSC will issue its decision, as the the authority of the POTUS to imposed tariffs without Congressional involvement, by the end of its current term in Jun 2026. Here's what the prediction market thinks As per bettors, there is a 68% probability that the Supreme Court will rule against Trump’s tariffs. Anthony Scaramucci, founder of SkyBridge Capital, predicted a 70% chance that the Supreme Court could eliminate Trump’s tariffs, arguing that their imposition without congressional approval constitutes an unauthorized tax. Costco in December filed a lawsuit against the tariffs, seeking a complete refund of all duties collected under the IEEPA. Revlon Consumer Products Corp. and Kawasaki Motors Manufacturing Corp. have also filed similar lawsuits, challenging Trump's use of the IEEPA to impose the levies.
Trump's tariffs cost American households $1,000 last year: Research group - ABC News President Donald Trump's tariffs cost the average American household $1,000 last year, according to new research from the nonpartisan Tax Foundation. The cost is set to go even higher this year to $1,300 per household, assuming the existing tariffs stay in place, the research said. The research called Trump's tariffs "the largest U.S. tax increase as a percent of GDP since 1993." It suggests the president's signature economic policy is exacerbating cost of living concerns at a time when many households are grappling with persistently high prices. According to the research think tank Tax Foundation, the federal government collected $264 billion in total tariff revenues in 2025 -- far short of the trillions regularly touted by the White House. The research also finds the tariffs will offset most of the economic benefits of the new tax cuts from Trump's signature tax law that took effect this year.
