Showing posts with label Tariff Man. Show all posts
Showing posts with label Tariff Man. Show all posts

Saturday, March 1, 2025

Trump tariff derangement

[Trump's] love of the [1890s] has become so pronounced that it’s now a fixture of his stump speech, meant to defend the massive tariffs now central to the economic platform he’s promising in a second term. There’s just one problem: Trump’s comments are historically oblivious, evincing no awareness of the depression of the 1890s, whose severity was owed, in part, to the protectionist tariffs he praises.

  Bulwark
Continue reading.

Trump is one of the most ignorant humans on the planet. He shows it every day. Unfortunately for the country, the MAGA idiots he has appointed to all the top positions in government are nearly as ignorant, and are eager to kiss his ass.

Wednesday, January 15, 2025

Trump tariffs

Trump announced on Truth Social that he is going to create a new government agency called the ‘External Revenue Service’ that will be in charge of collecting “tariffs, duties, and all revenue that comes for foreign sources” after he imposes his new tariffs.

  Meidas Touch
Apparently, he really DOESN'T understand how tariffs work.

...but hey, do what you want...you will anyway.

Wednesday, August 14, 2019

Wait. What?


So American consumers DO bear the cost of the tariffs???

Tuesday, December 4, 2018

Stock market reacts to "Tariff Man" tweet

Now we know what Tariff Man's super power is: crashing the stock market.





Let the cartooning begin



"I am Tariff Man"

There will be cartoons.









A few days ago, he was telling us specific concessions he got from China as though it were all a done deal.

And he still hasn't been told that we aren't "taking in" money from other countries by levying tariffs, or maybe it's like the climate change report: he's been told, but he just doesn't believe it.

And, by the way, "I put on the best funerals."



In a series of tweets over the weekend, the president celebrated the modest compromise on trade he reached with Chinese President Xi Jinping in Buenos Aires on Saturday in which Trump agreed to temporarily hold off on increasing tariffs on $200 billion of Chinese goods in exchange for China purchasing a still-to-be-defined amount of American-made products.

Trump declared that China had agreed to reduce and remove tariffs on cars coming into China from the US, and he wrote that China intends to “start purchasing agricultural product immediately” from the US.

“Relations with China have taken a BIG leap forward!” he tweeted.

[...]

White House aides and China have told different stories than the one Trump is offering on what exactly was agreed to, and what’s going to happen and when.

“It doesn’t seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trump’s tweets (which seem if not completely fabricated then grossly exaggerated) with reality,” one JPMorgan analyst wrote in a note to clients reported by CNBC’s Carl Quintanilla.

[...]

[National Economic Council Director Larry Kudlow] was pressed on the matter [...] with one reporter noting that Beijing’s tariff rate for car imports from the rest of the world is 15 percent.

“We don’t yet have a specific agreement on that, but I will just tell you, as an involved participant, we expect those tariffs to go to zero,” he said.

In an appearance on Fox & Friends on Tuesday, Kudlow again was hesitant to back up Trump’s tweet, telling interviewers “it’s coming” — he thinks.

“It hasn’t been signed and sealed and delivered yet,” he said.

As the Los Angeles Times points out, Chinese officials haven’t confirmed any car tariff agreement, either.

[...]

US farmers have already experienced a lot of collateral damage from Trump’s China trade war, and part of his post-agreement boasts have entailed promises of reprieve. But again, the details of exactly what China plans to buy and when are unclear.

On Monday, Kudlow said he couldn’t “specifically” answer a question from a reporter about how China’s agricultural product purchases would work but said that his “expectation” is that China will roll back tariffs on goods “quickly.”

  Vox
The check is in the mail.



...but hey, do what you want...you will anyway.

UPDATE:  And so it begins:





UPDATE: