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Richard's avatar

Wouldn't be a problem if the Republicans in Congress weren't so useless.

Karl's avatar
3hEdited

If Don was serious about the policy, he would want to make it permanent, the only way the policy has long term impact. That requires congressional approval, along with the consensus building inherent in this constitutionally prescribed step.

Don's preference for his bizarre taco strategery says it all. It's not about economic policy, it's merely another shakedown tool for the dear leader to solicit tribute, much like his crypto corruption.

Y'all gotta wise up, Don and his fellow Epstein Class just keep on pocketing the loot, while the gaslit workin stiffs get hosed. The Iran betrayal of his base is just the latest lie laid bare. Sadly it's far from the first, but ironically, this lie may prove the most damaging to his long time lock on his loyal flock.

Good luck America.

Thomas L. Hutcheson's avatar

Trade deficits, of course are a macroeconomic phenomenon driven by fiscal deficits that Congress's One Budget Bashing Bill just made worse by >$1 trillion per year.

Thomas L. Hutcheson's avatar

A 15% tariff on all imports, although stupid, is completely legal. But it is not stupid enough to fulfill any conceivable Trump objective.

Martin Hogue's avatar

Sweeping tariffs are a lose lose scenario for everyone. Targeted tariffs towards China (possibly with an ally or two) makes sense in concert with negotiations. IEEPA claim was a joke. Easy decision for scotus. Something a president that can only govern in an unconstitutional, monarchical way would do.

Ive been lucky enough to backpack throughout SE Asia; Cambodia, Laos, Vietnam are not “ripping us off”. Another Great Depression would lower our trade deficit. Small businesses don’t get carve outs so this tactic just leads to crony capitalism and corruption.

By the way why isn’t our massive trade surplus in services ever part of the discussion? We have a great economy and country so we should not be gaslighted about how everyone takes advantage of us. Oren needs to travel to more to places other than Davos. Like meet salt of the earth people- youll have a better perspective.