'Murica! (380 Viewers)

Ronn

Mes Que Un Club
May 3, 2012
20,854
Seems the inflation rate came in a bit lower than expected (2.4% vs 2.8%). I wonder if there has been a possible decrease in consumer spending that's driving that. We'll see when the April report comes in.
I get to interact with a lot of people from all walks of life. Almost everyone, including the diehard Trumpers, are playing very defensively with their money. The uncertainty is really harming the economy.
Data in line with y'all described:
https://www.cnbc.com/amp/2025/04/11...pike-university-of-michigan-survey-shows.html
 

s4tch

Senior Member
Mar 23, 2015
33,522
thanks for posting

"If other nations… accept the higher U.S. tariff… at least they’re paying revenue to Treasury..."

https://x.com/futurenomics/status/1910141190374396090?t=4IGC50F34lUvhTAY-KmAnQ&s=19

so it's other countries that are paying the tariffs? nah, it's still the importer

at least we know where trump got his "it's the country that pays the tariff" claims from, so once again thanks for posting. but you still can't impose tariffs on other countries. no government has jurisdiction over a sovereign country's budget

it's also not looking like a detailed policy playbook at first sight, but i just took a brief look at the original pdf so i might be wrong

it's also not what happened. i don't see how the author suggests tanking the global economy and pausing the tariffs for personal financial gains as part of the sublime "america first" policy
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,773
thanks for posting

"If other nations… accept the higher U.S. tariff… at least they’re paying revenue to Treasury..."

https://x.com/futurenomics/status/1910141190374396090?t=4IGC50F34lUvhTAY-KmAnQ&s=19

so it's other countries that are paying the tariffs? nah, it's still the importer

at least we know where trump got his "it's the country that pays the tariff" claims from, so once again thanks for posting. but you still can't impose tariffs on other countries. no government has jurisdiction over a sovereign country's budget

it's also not looking like a detailed policy playbook at first sight, but i just took a brief look at the original pdf so i might be wrong

it's also not what happened. i don't see how the author suggests tanking the global economy and pausing the tariffs for personal financial gains as part of the sublime "america first" policy
Did your see Patrick Boyles video on this from 3 months ago?
 

Ronn

Mes Que Un Club
May 3, 2012
20,854
Actually it would make sense to start with the closest big economies, and the whole point is to isolate china, did you the thread?
Not only that, I read the paper too. You can read it here:
https://www.hudsonbaycapital.com/do...o_Restructuring_the_Global_Trading_System.pdf

The paper says it’s Bessent’s idea to put countries into tariff tiers based on some factors (trade deficit is not one), and recommends a gradual implementation system. Let’s assume that’s a good idea. What’s the wisdom of singling out your biggest trading partners first before fucking everyone else?
Take Canada for example. If Trump announced a broad 10% tariff on everyone and higher on China Canada might’ve been able to stomach it easier. Now not only they retaliated, but it created a political storm too. Also why antagonize European NATO members while you’re taking on China?
The rolled out tariffs doesn’t seem to follow the pattern that the paper is proposing. It seems to me that Trump took the basic idea and forged his reckless stupidity into it. But I’m sure “nobody knows about this stuff better than him”.
 

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