Trump acknowledges there may 'be some pain' with tariffs
In a post on TruthSocial this morning, Trump defended the tariffs he imposed yesterday on Mexico, China and Canada, calling critics the "tariff lobby."
He accused the three countries of participating in a "decades long RIPOFF OF AMERICA, both with regard to TRADE, CRIME, AND POISONOUS DRUGS."
Still, the president in his post questioned in al
Notice THE ALL CAPS TRUMPS USES WHEN HE STATES THERE WILL BE PAIN.....this is not pain, this is a global blood bath...AND U R GOING TO PAY IN BLOOD.....(the time has come for a push back, because THIS action by your almighty mobster is "war" on weary consumers and the world., u have NOT SEEN the worst....wait for it.... (does that sound familiar?).......just maybe some minds will wake up....(hopeful, but not holdimg my breath0
Is President Trump trying to shock the system? Since the pandemic, the US government has been spending crazy amounts of money. Mortgages are at 7%! Some credit cards are at 30%
Maybe he is trying to create a couple quarters of stalled growth and deflation to lower interest rates?
Very strange that Elon Musk has signed onto these tariff hikes. Tesla and Starlink sales will crash worldwide. Maybe he is thinking long term?
Thomas Sowell: There are no solutions, just trade-offs.
Always the drama and always wrong, yet she never learns a thing... The working class is rejecting the old ways that don't work, HA, and you are completely clueless. Please take a break from your panic room and just watch and learn for once. "There will be blood" Hahaha
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion the rejects facts.
FredHayek wrote:
Very strange that Elon Musk has signed onto these tariff hikes. Tesla and Starlink sales will crash worldwide. Maybe he is thinking long term?
Do you really think Musk is concerned about profit at this point? Did he buy Twitter because of a profit motive? If you consume leftist news sources like I do, just remember their whole model is based on lies and disinformation. If they tell you Musk is in this to make more money, you can bet the opposite is true.
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion the rejects facts.
[quote="Rick" post=411075]Always the drama and always wrong, yet she never learns a thing... The working class is rejecting the old ways that don't work, HA, and you are completely clueless. Please take a break from your panic room and just watch and learn for once. "There will be blood" Hahaha[/quote]
amazing....that u reject the thought of 52 card pick up AND EXPECT all to be good and right....when u reorg ANY company,let alone a COUNTRY, the fall out is fast and excessive....I wasn't at AT T for 18 years NOT to see THAT happen......leaders came in "shit on the carpet" and then left the mess for another to clean up....who suffered, the consumer and the employees....WAKE UP...the carpet will be drenched and dirty.
It is beyond my comprehension u (collectively) do not forward thinking.about the ramifications.....FUCKED UP WOULD BE A VERB TO DESCRIBE WHAT IS COMING..... .
NOT JMO......
The announced tariffs are “not only larger but different in nature [from] the actions incorporated in our baseline forecast,” said Kasman. With large tariffs concentrated on the U.S.’s neighbors, the resulting negative supply shock will likely have “far bigger spillovers to the U.S.” That’s in addition to surging costs for moving goods across borders, depressing North American business sentiment, another thing economic models can’t capture.
The bank also discussed unintended consequences, such as fallout from deporting a million people in the U.S. and a slowing inflow of new immigrants. Deportations are seen knocking 0.5% off GDP by 2026, but the shock could be magnified due to the sectors affected — agriculture, hospitality and construction and a tighter U.S. labor market, said the economists.
THE GURU'S HAVE CONNECTED THE DOTS....'unintended consequences
Last edit: 03 Feb 2025 09:05 by homeagain. Reason: add
homeagain wrote: .when u reorg ANY company,let alone a COUNTRY, the fall out is fast and excessive....I wasn't at AT T for 18 years NOT to see THAT happen......leaders came in "shit on the carpet" and then left the mess for another to clean up....who suffered, the consumer and the employees....WAKE UP...the carpet will be drenched and dirty..
Really, HA? You've never heard of companies reorganizing and ending up in a better financial position? Your anecdote is a grain of sand in the big picture. Just because one country or one company fails to regroup, that doesn't mean every other one fails. Your narrow view tells me you are the opposite of a "free thinker".
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion the rejects facts.