Trump Tariffs & Trade War megathread

[oldtimer]

https://twitter.com/nextokens/status/1909102336427118856

?

What, did the Trump administration use AI to come up with their economic policy ?

If so, no wonder everything is crashing.

[GeorgiaModerate]

https://twitter.com/ChineseEmbinUS/status/1909243694336581747

I'm now convinced we live in an AI simulation.

[インターネット掲示板ユーザー Punxsutawney Phil]

https://twitter.com/nextokens/status/1909102336427118856

?

What, did the Trump administration use AI to come up with their economic policy ?

If so, no wonder everything is crashing.

Amateur hour.

[President Johnson]

https://twitter.com/ChineseEmbinUS/status/1909243694336581747

I'm now convinced we live in an AI simulation.

One of Trump's biggest accomplishments is making Ronald Reagan look great by comparison. Because he wasn't a complete lunatic and could on some issues be convinced through facts and logic.

[Horus]

Anyone who identifies as left of center while praising Reagan is an opp. Reagan started this mess!

[K.W.R.A.E. 8647]

Anyone who identifies as left of center while praising Reagan is an opp. Reagan started this mess!

Reagan was an awful president and person. But he does look great compared to Trump.

[Virginiá]

Can't wait for all these great jobs we're going to get thanks to Chairman Trump

[Horus]

Anyone who identifies as left of center while praising Reagan is an opp. Reagan started this mess!

Reagan was an awful president and person. But he does look great compared to Trump.

He perhaps looks slightly less bad, by no means does he look great. The "welfare queen" lie is still doing damage today.

[President Johnson]

Anyone who identifies as left of center while praising Reagan is an opp. Reagan started this mess!

Reagan was an awful president and person. But he does look great compared to Trump.

Indeed. He even makes Dubya look good by comparison, who was a disastrous president as well. Republican standards post Eisenhower have steadily declined, with Ford and HW Bush being one-term exceptions.

[somco]

I gotta be honest even I didn't see Trump 2.0 reaching summer 2020 levels of disaster this quickly

[K.W.R.A.E. 8647]

My mom graduated high school in 1977, next time I see her I'll ask how it feels to live through stagflation again.

[President Johnson]

I gotta be honest even I didn't see Trump 2.0 reaching summer 2020 levels of disaster this quickly

I'd argue Trump's tenure so far is worse than his entire first term other than the lame duck period in 2020/21, when he attempted to steal the election and finally staged a coup attempt. The current trajectory certainly points in that direction and historian may very well look back at some point, concluding that 2025-29 was the single most disastrous presidential term in US history.

[Banana Republican]

https://bsky.app/profile/carlquintanilla.bsky.social/post/3lmakibzrhk23

https://bsky.app/profile/did:plc:z6rujpf4u56jfie7aqic2nfg/post/3lmakibzrhk23

* EU PROPOSES 25% COUNTER-TARIFFS ON SOME US GOODS: RTRS

[Horus]

https://twitter.com/EdKrassen/status/1908889313040826530?t=LW5IFUZDWNk4BILw9TUe3...

[Banana Republican]

Reuters: EU Commission proposes 25% counter-tariffs on some US imports, document shows

BRUSSELS, April 7 (Reuters) - The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump's tariffs on steel and aluminium, a document seen by Reuters showed.

The tariffs on some goods will come into effect May 16 and others later in the year, on December 1, the document said. The goods are wide-ranging and include diamonds, dental floss, sausages, nuts and soybeans.

[Duke 🇺🇸]

People don't want factory jobs. No one is clamoring to go work on an assembly line. Even if we did bring these jobs back, how much do you think domestically produced products will cost?

[OSR stands with Israel]

https://twitter.com/ChineseEmbinUS/status/1909243694336581747

I'm now convinced we live in an AI simulation.

One of Trump's biggest accomplishments is making Ronald Reagan look great by comparison. Because he wasn't a complete lunatic and could on some issues be convinced through facts and logic.

Reagan was always considered great by pretty much anyone but partisan democrats and even normie democrats approve of his presidency.

Reagan was ranked in the top 12 on most lists pre Trump as well

[Red Velvet]

People don't want factory jobs. No one is clamoring to go work on an assembly line. Even if we did bring these jobs back, how much do you think domestically produced products will cost?

I mean, some people do want factory jobs, but they likely don’t represent the average white middle class Republican tbh.

[OSR stands with Israel]

People don't want factory jobs. No one is clamoring to go work on an assembly line. Even if we did bring these jobs back, how much do you think domestically produced products will cost?

Even Trump and Lutnick have said :

- we will use robots to manufacture many of these goods

- we need to bring in new immigrants to work at these factories


These tariffs are not for protectionist purposes at all . The backdoor sales tax is the reason why they are doing this because some on the right for years have wanted too replace much of the income tax with a national sales tax(and then gut entitlements to make up as well).

Like that’s the entire reason for this

[Banana Republican]

https://bsky.app/profile/carlquintanilla.bsky.social/post/3lmaldino2s23

https://bsky.app/profile/did:plc:z6rujpf4u56jfie7aqic2nfg/post/3lmaldino2s23

(WSJ) - Apple plans to send more iPhones to the U.S. from India to offset the high cost of China tariffs, people familiar with the matter said.

Until Trump increases tariffs on India, anyway...... Since they are based on the size of the trade deficit, any move to shift away from China to other countries like India will simply result in tariffs on those other countries being raised, unless the tariff amount is never updated according to the formula the White House published.

[Red Velvet]

Lmao sorry OSR but you sound in denial or delusional about Trump goals and trying to make them fit what YOU wish it was about. He very much IS a protectionist president indeed. He even has said that he hopes inflation caused by tariffs stimulates Americans to not buy foreign products as much, pushing them to “Made in USA” ones.

I always hoped or imagined that the Reagan neoliberal era in USA would end through the hands of a transformative democrat president like FDR but it turned out Republicans were the main responsibles for ending it themselves.

And Donald Trump is the main transformative force doing it.

[President Johnson]

People don't want factory jobs. No one is clamoring to go work on an assembly line. Even if we did bring these jobs back, how much do you think domestically produced products will cost?

There was a massive increase in manufactoring jobs under the Biden presidency. The numbers easily surpassed Trump I. Just for the record.

[Banana Republican]

https://bsky.app/profile/peark.es/post/3lmal7lc6ut2l

https://bsky.app/profile/did:plc:pnx2fjuannbdpy3337ggthpp/post/3lmal7lc6ut2l

New statement from CEA Chair Stephen Miran, whose work people used to drum up the "Mar-A-Lago Accord" idea.

This is deeply unhinged stuff. Of the ideas presented, one (1) is helpful to rebalance the global economy (more defense spending by other countries).

www.whitehouse.gov/briefings-st...


...

This is a total embrace of permanent, punitive tariff policy. Until Congress intervenes, we're not getting a material change in the status quo.

@OSR none of this has to do with your sales tax fantasy or whatever. It's just that Trump does not like trade deficits and has not liked trade deficits since the 1980s. It is one of the few things he has been consistent about. Trump wants the trade deficits with each individual country to be 0 (or a positive number), which is insane. Trump does not understand that there is a structural reason why the US runs consistent trade deficits - it is because the USA has to. It's because the US dollar is the international reserve currency, which means that other countries need to get dollars to make payments. This increases the demand for dollars, and in order to get dollars they have to sell stuff to people who have dollars (i.e. Americans) in order to receive dollars in exchange. The only way that changes is if the US dollar becomes no longer the (or a) main global reserve currency, and if the Chinese Yuan or something takes over as the new global reserve currency.

[Duke 🇺🇸]

People don't want factory jobs. No one is clamoring to go work on an assembly line. Even if we did bring these jobs back, how much do you think domestically produced products will cost?

Even Trump and Lutnick have said :

- we will use robots to manufacture many of these goods

- we need to bring in new immigrants to work at these factories


These tariffs are not for protectionist purposes at all . The backdoor sales tax is the reason why they are doing this because some on the right for years have wanted too replace much of the income tax with a national sales tax(and then gut entitlements to make up as well).

Like that’s the entire reason for this

Yeah I agree the end game is to replace income tax revenue with tariff revenue. These aren't being used as negotiating tools. They have no intentions of lowering them or dropping them. They are fantasizing about the 1900 economic structure.

Doesn't mean it's good policy and we will all suffer because of it, but that's why they are doing this trade war. It will almost certainly cause irreparable harm to the US. There's no way we can have 0 trade deficits because some countries simply cannot afford to buy as much from the US as the US buys from them

[HisGrace]

Nobody wants to work in a factory given the choice. These people want us to move backwards. They're terrified of progress.

https://bsky.app/profile/did:plc:4llrhdclvdlmmynkwsmg5tdc/post/3lm5p4tdc6a2c

That's what this always comes down to, they think the problem with our economy is that there aren't any sweatshops around for you to get a job assembling laptops. These people are just jealous of anything someone else has even if the thing they have is objectively crappy.