Terrific Trump tweets tremendous tariffs talk

[EvilEyeFleegle]

In the meantime..China fires back..and the Dow tanks--I hope people are aware of what this may do to their 401k:

Trump’s trade approach under attack as China retaliates on tariffs; markets open with big sell-off

"Dow plunges more than 500 points at market open as investors price fallout of trade tensions.

President Trump’s efforts to calm investors while he launches a full-scale trade war with China showed signs of cracking Monday, as one of his top advisers admitted the approach could damage the U.S. economy, a Goldman Sachs report predicted it might lead to higher interest rates, and China vowed to impose tariffs on $60 billion in U.S. goods on June 1."

 

[Vandalshandle]

The major question is, is it possible for Trump to destroy the US economy within the remaining 1 1/2 years of his administration?

China hikes tariffs on U.S. goods after Trump warning

 

[basquebromance]

"There is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today. This has been proven recently when only 4 points were paid by the U.S., 21 points by China because China subsidizes product to such a large degree. Also, the Tariffs can be completely avoided if you buy from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That’s Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That’s why China wants to make a deal so badly! There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse!" - Trump

 

[Flash]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

 

[BWK]

Well, as a result of Trump, Lithium is going to cost Americans 25% more. I am going to do my patriotic duty and stop buying lithium.

I'm going to do my patriotic duty to myself, by not voting for the idiot of economic policies who makes me pay more taxes for Tariff wars that don't work.

 

[BWK]

"There is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today. This has been proven recently when only 4 points were paid by the U.S., 21 points by China because China subsidizes product to such a large degree. Also, the Tariffs can be completely avoided if you buy from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That’s Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That’s why China wants to make a deal so badly! There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse!" - Trump

Everything we get comes from China. Stop making ridiculous solutions that do not exist. The only points that were proven was the graph I showed proving just how screwed we are for listening to an imbecile who knows jack squat about economics. Even Trumps own people are admitting we are screwed from Trumps actions. Get in the game man. Stop covering for this ignoramus.

 

[BWK]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

I don't know why stupid Republicans haven't figured out that China can go to Brazil to get their soybeans, leaving us giving socialism to farmers, at the cost to the American people. These Trump nit wits need to wake the hell up.

 

[Flash]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

I don't know why stupid Republicans haven't figured out that China can go to Brazil to get their soybeans, leaving us giving socialism to farmers, at the cost to the American people. These Trump nit wits need to wake the hell up.

You stupid Moon Bats don't understand that trade deficits are a bad thing. It robs us of our wealth.

Since Economics is not the strong suit for you stupid Moon Bats you also don't understand that whatever China produces for us can also be produced elsewhere and if Brazil is selling their soybeans to China they aren't selling them elsewhere on the world market, opening up other markets for us.

Your Trump Derangement Syndrome mental illnes is causing you to be confused.

Trump will schlong those Chinese assholes just like he ha scholnged Crooked Hillary. He got good trade deal with other trading blocks and has the courage to deal with China. Unlike that worthless Obama Neggra asshole that gave away the store to everybody..

 

[Vandalshandle]

"There is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today. This has been proven recently when only 4 points were paid by the U.S., 21 points by China because China subsidizes product to such a large degree. Also, the Tariffs can be completely avoided if you buy from a non-Tariffed Country, or you buy the product inside the USA (the best idea). That’s Zero Tariffs. Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia. That’s why China wants to make a deal so badly! There will be nobody left in China to do business with. Very bad for China, very good for USA! But China has taken so advantage of the U.S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-will only get worse!" - Trump

Just what flavor of Kool-Aid is trump serving today?

 

[Vandalshandle]

Link without editorial comment:

$1.2 trillion in stock market value lost so far from trade war sell-off with more expected

 

[EvilEyeFleegle]

In the meantime..China fires back..and the Dow tanks--I hope people are aware of what this may do to their 401k:

Trump’s trade approach under attack as China retaliates on tariffs; markets open with big sell-off

"Dow plunges more than 500 points at market open as investors price fallout of trade tensions.

President Trump’s efforts to calm investors while he launches a full-scale trade war with China showed signs of cracking Monday, as one of his top advisers admitted the approach could damage the U.S. economy, a Goldman Sachs report predicted it might lead to higher interest rates, and China vowed to impose tariffs on $60 billion in U.S. goods on June 1."

600 points down....as fears deepen:

Dow drops more than 600 points, posts worst day since January as China trade war escalates



"Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.

The Dow Jones Industrial Average dropped 617.38 points, or 2.4%, to 25,324.99 and posted its worst session since Jan. 3. The S&P 500 also had its worst day since early January, falling 2.4% to 2,811.87. The Nasdaq Composite dropped 3.4% — its biggest one-day loss of the year — to 7,647.02.

At its lows of the day, the Dow fell as much as 719.86 points while the S&P 500 and Nasdaq traded down 2.8% and 3.6%, respectively, at their session lows. The indexes came off their lows in afternoon trading after President Donald Trump said he had not decided whether to slap tariffs on an additional $325 billion in Chinese goods.

“I think this is a prelude of things to come,” said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. “We should expect more volatility for the foreseeable future.”

To stem the downturn, “you’d have to see China really come back to the table. The rhetoric we saw this morning tells you that’s not where they’re at,” he said."

 

[dudmuck]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

I don't know why stupid Republicans haven't figured out that China can go to Brazil to get their soybeans, leaving us giving socialism to farmers, at the cost to the American people. These Trump nit wits need to wake the hell up.

You stupid Moon Bats don't understand that trade deficits are a bad thing. It robs us of our wealth.

Since Economics is not the strong suit for you stupid Moon Bats you also don't understand that whatever China produces for us can also be produced elsewhere and if Brazil is selling their soybeans to China they aren't selling them elsewhere on the world market, opening up other markets for us.

Your Trump Derangement Syndrome mental illnes is causing you to be confused.

Trump will schlong those Chinese assholes just like he ha scholnged Crooked Hillary. He got good trade deal with other trading blocks and has the courage to deal with China. Unlike that worthless Obama Neggra asshole that gave away the store to everybody..

Trade deficit at 10 year high.
Higher trade deficit with Trump than it was with Obama.
50 billion in March.

 

[BWK]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

I don't know why stupid Republicans haven't figured out that China can go to Brazil to get their soybeans, leaving us giving socialism to farmers, at the cost to the American people. These Trump nit wits need to wake the hell up.

You stupid Moon Bats don't understand that trade deficits are a bad thing. It robs us of our wealth.

Since Economics is not the strong suit for you stupid Moon Bats you also don't understand that whatever China produces for us can also be produced elsewhere and if Brazil is selling their soybeans to China they aren't selling them elsewhere on the world market, opening up other markets for us.

Your Trump Derangement Syndrome mental illnes is causing you to be confused.

Trump will schlong those Chinese assholes just like he ha scholnged Crooked Hillary. He got good trade deal with other trading blocks and has the courage to deal with China. Unlike that worthless Obama Neggra asshole that gave away the store to everybody..

Trade deficit at 10 year high.
Higher trade deficit with Trump than it was with Obama.
50 billion in March.

But they will still believe it, even after the lies about Mexico. This is the power of a cult.

 

[BWK]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

I don't know why stupid Republicans haven't figured out that China can go to Brazil to get their soybeans, leaving us giving socialism to farmers, at the cost to the American people. These Trump nit wits need to wake the hell up.

You stupid Moon Bats don't understand that trade deficits are a bad thing. It robs us of our wealth.

Since Economics is not the strong suit for you stupid Moon Bats you also don't understand that whatever China produces for us can also be produced elsewhere and if Brazil is selling their soybeans to China they aren't selling them elsewhere on the world market, opening up other markets for us.

Your Trump Derangement Syndrome mental illnes is causing you to be confused.

Trump will schlong those Chinese assholes just like he ha scholnged Crooked Hillary. He got good trade deal with other trading blocks and has the courage to deal with China. Unlike that worthless Obama Neggra asshole that gave away the store to everybody..

After two and a half years, Trump is still full of shit and we are paying bigley for his mistakes. How do you know Brazil isn't selling soybeans to other countries as well? Remember, the US has abandoned the Trans-Pacific partnership. Trump fucked up big time and he knows it.

 

[dudmuck]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

I don't know why stupid Republicans haven't figured out that China can go to Brazil to get their soybeans, leaving us giving socialism to farmers, at the cost to the American people. These Trump nit wits need to wake the hell up.

You stupid Moon Bats don't understand that trade deficits are a bad thing. It robs us of our wealth.

Since Economics is not the strong suit for you stupid Moon Bats you also don't understand that whatever China produces for us can also be produced elsewhere and if Brazil is selling their soybeans to China they aren't selling them elsewhere on the world market, opening up other markets for us.

Your Trump Derangement Syndrome mental illnes is causing you to be confused.

Trump will schlong those Chinese assholes just like he ha scholnged Crooked Hillary. He got good trade deal with other trading blocks and has the courage to deal with China. Unlike that worthless Obama Neggra asshole that gave away the store to everybody..

After two and a half years, Trump is still full of shit and we are paying bigley for his mistakes. How do you know Brazil isn't selling soybeans to other countries as well? Remember, the US has abandoned the Trans-Pacific partnership. Trump fucked up big time and he knows it.

TPP was a bad deal.

Investor-state dispute settlement — an integral part of the Trans-Pacific Partnership trade deal — allows companies to sue entire countries for costing them money when laws or regulations change.

 

[22lcidw]

I don't know why thee stupid Moon Bats are bitching about Trump's tariffs.

Being dumbasses they haven't thought it out yet.

Tariffs use to be the Federal government's main source of revenue.

Any tariffs collected goes to Treasury.

Don't these stupid Moon Bats love the idea of the Federal government being more bloated than it is now and getting more revenue? After all the dumbasses want to raise taxes to give the government more money. Every Moon Bat candidate for President is running on a platform to tax more. Tariffs are a tax.

More money to give to the welfare queens and illegals. Maybe even a little left over to give to a Muslim Mullah or something. You know, like Obama did.

Moon Bats should love it.

I don't know why stupid Republicans haven't figured out that China can go to Brazil to get their soybeans, leaving us giving socialism to farmers, at the cost to the American people. These Trump nit wits need to wake the hell up.

You stupid Moon Bats don't understand that trade deficits are a bad thing. It robs us of our wealth.

Since Economics is not the strong suit for you stupid Moon Bats you also don't understand that whatever China produces for us can also be produced elsewhere and if Brazil is selling their soybeans to China they aren't selling them elsewhere on the world market, opening up other markets for us.

Your Trump Derangement Syndrome mental illnes is causing you to be confused.

Trump will schlong those Chinese assholes just like he ha scholnged Crooked Hillary. He got good trade deal with other trading blocks and has the courage to deal with China. Unlike that worthless Obama Neggra asshole that gave away the store to everybody..

Trade deficit at 10 year high.
Higher trade deficit with Trump than it was with Obama.
50 billion in March.

Ask Pelosi and Paul Ryan and Schumer and so many more.

 

[basquebromance]

"China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing. If the Federal Reserve ever did a “match,” it would be game over, we win! In any event, China wants a deal!

Our great Patriot Farmers will be one of the biggest beneficiaries of what is happening now. Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference based on a very high China buy

This money will come from the massive Tariffs being paid to the United States for allowing China, and others, to do business with us. The Farmers have been “forgotten” for many years. Their time is now!

When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense. We have to be allowed to make up some of the tremendous ground we have lost to China on Trade since the ridiculous one sided formation of the WTO. It will all happen, and much faster than people think!

We can make a deal with China tomorrow, before their companies start leaving so as not to lose USA business, but the last time we were close they wanted to renegotiate the deal. No way! We are in a much better position now than any deal we could have made. Will be taking in Billions of Dollars, and moving jobs back to the USA where they belong. Other countries are already negotiating with us because they don’t want this to happen to them. They must be a part of USA action. This should have been done by our leaders many years ago. Enjoy!

China buys MUCH less from us than we buy from them, by almost 500 Billion Dollars, so we are in a fantastic position. Make your product at home in the USA and there is no Tariff. You can also buy from a non-Tariffed country instead of China. Many companies are leaving China so that they will be more competitive for USA buyers. We are now a much bigger economy than China, and have substantially increased in size since the great 2016 Election. We are the “piggy bank” that everyone wants to raid and take advantage of. NO MORE!

In one year Tariffs have rebuilt our Steel Industry - it is booming! We placed a 25% Tariff on “dumped” steel from China & other countries, and we now have a big and growing industry. We had to save Steel for our defense and auto industries, both of which are coming back strong!" - Trump

 

[Penelope]

"If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!

Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch! In the meantime, China should not renegotiate deals with the U.S. at the last minute. This is not the Obama Administration, or the Administration of Sleepy Joe, who let China get away with murder!" - President Trump

"If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!

Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch! In the meantime, China should not renegotiate deals with the U.S. at the last minute. This is not the Obama Administration, or the Administration of Sleepy Joe, who let China get away with murder!" - President Trump

So we can waste more food. How do you figure, there is no tax on food. Do you think the farmers are going to supple the money for infrastructure.

 

[basquebromance]

from Politico:

“They can feel it. The farm community up ‘til now has really supported the president without flinching. But eventually you flinch,” said Missouri Sen. Roy Blunt, the No. 4 GOP leader whose state is a major soybean producer. Yet he concluded: “If you’re going to have a trade fight, the trade fight to have would be the China fight.”

Farmers are “disappointed but, you know, recognizing that China is the one that is forcing this,” said Sen. Joni Ernst (R-Iowa).

 

[Vandalshandle]

from Politico:

“They can feel it. The farm community up ‘til now has really supported the president without flinching. But eventually you flinch,” said Missouri Sen. Roy Blunt, the No. 4 GOP leader whose state is a major soybean producer. Yet he concluded: “If you’re going to have a trade fight, the trade fight to have would be the China fight.”

Farmers are “disappointed but, you know, recognizing that China is the one that is forcing this,” said Sen. Joni Ernst (R-Iowa).

Everything is OK. The farmers have embraced socialism in a big way, and look forward to their $15 billion subsidy from the government!