It's the non tariffs that are the real issue here.
It's the non tariffs that are the real issue here.
So the estimates were that about 5 million people protested Saturday. That's about 1.47% of the population. I'm guessing by the middle of summer, right after layoffs from the new fiscal year reports, we'll be seeing this balloon to something like 15 million or over 4% of the population. You won't be hearing Trump supporters saying "I don't have stocks, why should I care?" then.
the-pi-guy said: It's the non tariffs that are the real issue here. |
I wish Navarro were still in prison. He's an another convicted felon.
Another billionaire is publicly criticizing Trump’s tariffs. Investor Ken Fisher said on X that the tariffs are “stupid, wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools”. Fisher added that “the fear is bigger than the problem” and that “as near as I can tell it will fade and fail”.
Fisher joins other business leaders, including billionaire Bill Ackman and JPMorgan’s Jamie Dimon, in openly criticizing the tariffs.
BlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn. “Most CEOs I talk to would say we are probably in a recession right now,” Fink said at an event for the Economic Club of New York. “One CEO specifically said the airline industry is a proverbial bird in a coal mine — canary in the coal mine — and I was told that the canary is sick already,” Fink added.
CEOs Think The U.S. is 'Probably in a Recession Right Now,' Says BlackRock's Larry Fink
The U.S. Chamber of Commerce, which represents millions of U.S. businesses big and small but which is heavily funded by industry titans, has been weighing taking the tariff battle to the courts and is being urged to do so by some of its largest members. The move would effectively provide cover for companies distressed about the tariffs’ impact on their businesses but fearful of incurring the President’s wrath by openly criticizing his trade policy.
Exclusive: US Chamber of Commerce Considering Suing Trump Over New Tariffs | Fortune
The current narrative is that everyone else was tariffing us first. A lot of conservatives have been running with that - even graciously accepting the incoming recession.
I've found it very hard to actually investigate how many countries had tariffs - a lot of Google search results are focused on the current Trump tariff war. So I really doubt that most of those conservatives could even come up with 3 examples of other countries having tariffs on the US before all of this.
Critically though, even without research, it is a very blatantly dishonest take, as there's no consideration for what tariffs exist or what percentage they are at. A 45% tariff on every single import from a country is equally as bad a 1% tariff on US steel in that framework. When they clearly have very different economic effects.
The EU has said it offered the US a "zero-for-zero" tariff deal on cars and industrial goods weeks before Donald Trump launched his trade war, but that it would "not wait endlessly" to defend itself. Maros Šefčovič, the EU commissioner for trade, said he had proposed zero tariffs on cars and a range of industrial goods, such as pharmaceutical products, rubber and machinery, during his first meeting with the US commerce secretary, Howard Lutnick, on 19 February.
Lul. Would have benefited both EU and America and achieved Trump a small win (EU's average tariff rate is around 4.8%) but of course Trump is a fucking idiot and none of this is about tariffs but his stupid understanding of trade deficits and now we owe Trump billions in reparations because we didn't buy more from America. 😂
Last edited by Ryuu96 - on 07 April 2025The secret contents of the first concrete American proposal on tariff reduction, and an EU counterproposal, which was leaked to Correctiv in February 2016, suggest 87.5% to 97% of all tariffs would be cut to zero.
Negotiations were halted by United States president Donald Trump, who then initiated a trade conflict with the EU. Trump and the EU declared a truce of sorts in July 2018, resuming talks that appeared similar to TTIP. On 15 April 2019, the negotiations were declared "obsolete and no longer relevant" by the European Commission.
Transatlantic Trade and Investment Partnership - Wikipedia
President Donald Trump's administration urged the Supreme Court on Monday to block a lower court order requiring officials to bring a man who was mistakenly deported to El Salvador back to Maryland.
The emergency appeal over Kilmar Armando Abrego Garcia, a Salvadoran national, landed at the high court hours before the 11:59 p.m. Monday deadline established by a lower court judge to return him to the US.
Trump attorneys have conceded in court filings that the administration mistakenly deported the father of three "because of an administrative error," but said it could not bring him back because he is in Salvadoran custody. His case has added to the already considerable legal scrutiny over White House efforts to deport immigrants without a hearing or review.
But we could not find criminal records for 75% of the Venezuelans - 179 men - now sitting in prison.
Wonder who the next group of innocent people illegally deported to another countries prison will be.
Last edited by Ryuu96 - on 07 April 2025