Does Donald Trump Know He Has Lost His Trade War?

[C_Clayton_Jones]

‘His trade war has already created something akin to the largest tax hike in post-war U.S. history, according to J.P. Morgan analysis. Even after the rollbacks and pauses, economists at the bank wrote in a briefing to clients that “the trade war shock is still material... we now estimate an effective ex-ante tariff rate of 14.4%. This is akin to a $475bn tax hike on US households and businesses, worth 1.6% of GDP (still sitting close to the largest tax hike in the post WWII period).”

Not only has a massive effective tax hike been put in place, but government spending is dropping, and the U.S. economy shrank 0.3% in the first quarter of the year.

The tariffs against China caused a more than 60% decline in ocean container bookings from China to the U.S. Now that the U.S.’s punitive Chinese tariffs have been largely paused, there’s such a rush to book space on American-bound ships from China that capacity will sell out, leading to a backlog, Flexport’s chief executive Ryan Petersen said earlier this week.’

Does Donald Trump Know He Has Lost His Trade War?

The best case for the American economy would be a swift acknowledgment from the president.

www.yahoo.com

Trump doesn’t care that he lost his trade war; he and his Cult members will continue to blindly pursue meritless tariffs ignoring facts and the truth – as usual.

 

[mudwhistle]

‘His trade war has already created something akin to the largest tax hike in post-war U.S. history, according to J.P. Morgan analysis. Even after the rollbacks and pauses, economists at the bank wrote in a briefing to clients that “the trade war shock is still material... we now estimate an effective ex-ante tariff rate of 14.4%. This is akin to a $475bn tax hike on US households and businesses, worth 1.6% of GDP (still sitting close to the largest tax hike in the post WWII period).”

Not only has a massive effective tax hike been put in place, but government spending is dropping, and the U.S. economy shrank 0.3% in the first quarter of the year.

The tariffs against China caused a more than 60% decline in ocean container bookings from China to the U.S. Now that the U.S.’s punitive Chinese tariffs have been largely paused, there’s such a rush to book space on American-bound ships from China that capacity will sell out, leading to a backlog, Flexport’s chief executive Ryan Petersen said earlier this week.’

Does Donald Trump Know He Has Lost His Trade War?

The best case for the American economy would be a swift acknowledgment from the president.

www.yahoo.com

Trump doesn’t care that he lost his trade war; he and his Cult members will continue to blindly pursue meritless tariffs ignoring facts and the truth – as usual.

No.....and neither does anyone else.

 

[Meathead]

‘His trade war has already created something akin to the largest tax hike in post-war U.S. history, according to J.P. Morgan analysis. Even after the rollbacks and pauses, economists at the bank wrote in a briefing to clients that “the trade war shock is still material... we now estimate an effective ex-ante tariff rate of 14.4%. This is akin to a $475bn tax hike on US households and businesses, worth 1.6% of GDP (still sitting close to the largest tax hike in the post WWII period).”

Not only has a massive effective tax hike been put in place, but government spending is dropping, and the U.S. economy shrank 0.3% in the first quarter of the year.

The tariffs against China caused a more than 60% decline in ocean container bookings from China to the U.S. Now that the U.S.’s punitive Chinese tariffs have been largely paused, there’s such a rush to book space on American-bound ships from China that capacity will sell out, leading to a backlog, Flexport’s chief executive Ryan Petersen said earlier this week.’

Does Donald Trump Know He Has Lost His Trade War?

The best case for the American economy would be a swift acknowledgment from the president.

www.yahoo.com

Trump doesn’t care that he lost his trade war; he and his Cult members will continue to blindly pursue meritless tariffs ignoring facts and the truth – as usual.

No

 

[Andrew_Jackson_FTW]

The economy is roaring back from the dip we had.

Remember in 2022 under Joe Biden the S&P 500 lost 20%. Halfway through this year we are now in the positives under Trump. An amazing comeback. Things keep going the way they are We’re gonna have a profitable year.

Woooooo facts win !!!!

 

[excalibur]

Absolute rubbish.

Have to laugh at leftoids talking about taxation of the middle and working classes, while opposing the Trump permanent tax cuts for those middle and working class people.

If the left were sincere, which they never are, they would demand ending the income tax for the middle class and working class people, ending sales taxes in states.

 

[Rambunctious]

The libtards are just making shit up and tossing it at a wall... but nothing is sticking....

 

[Dragonlady]

Absolute rubbish.

Have to laugh at leftoids talking about taxation of the middle and working classes, while opposing the Trump permanent tax cuts for those middle and working class people.

If the left were sincere, which they never are, they would demand ending the income tax for the middle class and working class people, ending sales taxes in states.

Trump has made no proposals whatsoever for permanent tax cuts for the working or middle classes. Only for the wealthy. All of the tax cuts for the middle and working class, are temporary. That's because you can't make a tax cut which results in a deficit 10 years after it's implementation.

 

[bendog]

Trump has made no proposals whatsoever for permanent tax cuts for the working or middle classes. Only for the wealthy. All of the tax cuts for the middle and working class, are temporary. That's because you can't make a tax cut which results in a deficit 10 years after it's implementation.

I thought the gop was making ALL of the 2017 personal income tax cuts permanent.

House GOP Tax Plan Would Cut Taxes Across The Board, But Mostly Benefit High-Income Filers

TPC analyzed a preliminary, incomplete draft of the tax portion of what will become the year’s major budget bill. It found that, on average, all income groups would benefit from the tax proposals. However, more than two-thirds of the plan’s tax cuts would go to those making about $217,000 or more

taxpolicycenter.org

But maybe the gop flipped.

 

[Rambunctious]

Trump has made no proposals whatsoever for permanent tax cuts for the working or middle classes. Only for the wealthy. All of the tax cuts for the middle and working class, are temporary. That's because you can't make a tax cut which results in a deficit 10 years after it's implementation.

Across the board tax cuts... Biden was going to let Trump's tax cuts die and then everyone's taxes would go up....

 

[SassyIrishLass]

‘His trade war has already created something akin to the largest tax hike in post-war U.S. history, according to J.P. Morgan analysis. Even after the rollbacks and pauses, economists at the bank wrote in a briefing to clients that “the trade war shock is still material... we now estimate an effective ex-ante tariff rate of 14.4%. This is akin to a $475bn tax hike on US households and businesses, worth 1.6% of GDP (still sitting close to the largest tax hike in the post WWII period).”

Not only has a massive effective tax hike been put in place, but government spending is dropping, and the U.S. economy shrank 0.3% in the first quarter of the year.

The tariffs against China caused a more than 60% decline in ocean container bookings from China to the U.S. Now that the U.S.’s punitive Chinese tariffs have been largely paused, there’s such a rush to book space on American-bound ships from China that capacity will sell out, leading to a backlog, Flexport’s chief executive Ryan Petersen said earlier this week.’

Does Donald Trump Know He Has Lost His Trade War?

The best case for the American economy would be a swift acknowledgment from the president.

www.yahoo.com

Trump doesn’t care that he lost his trade war; he and his Cult members will continue to blindly pursue meritless tariffs ignoring facts and the truth – as usual.

No and it's little wonder you're stupid, Yahoo?

 

[struth]

Trump has made no proposals whatsoever for permanent tax cuts for the working or middle classes. Only for the wealthy. All of the tax cuts for the middle and working class, are temporary. That's because you can't make a tax cut which results in a deficit 10 years after it's implementation.

Of course he has, that's what is in the bill growing through Congress. The One Big Beautiful Bill: Tax Reform 2025

Individual Provisions

• Ordinary Income Tax Rates. The maximum rate of 37% for individuals is made permanent.
• Standard Deductions. For tax years of 2025 to 2028, the standard deduction is increased to $26,000 for joint filers (from $24,000), to $19,500 for head of household filers (from $18,000), and to $13,000 for all other filers (from $12,000).
• Personal Exemption Elimination. Thepersonal exemption is repealed permanently.
• Section 199A. As mentioned above, the deduction for qualified business income is increased to 23% for an effective rate of 28.49% and made permanent. Individuals may also benefit from these lowered effective rates for dividends representing net interest income from BDCs.

 

[struth]

I thought the gop was making ALL of the 2017 personal income tax cuts permanent.

House GOP Tax Plan Would Cut Taxes Across The Board, But Mostly Benefit High-Income Filers

TPC analyzed a preliminary, incomplete draft of the tax portion of what will become the year’s major budget bill. It found that, on average, all income groups would benefit from the tax proposals. However, more than two-thirds of the plan’s tax cuts would go to those making about $217,000 or more

taxpolicycenter.org

But maybe the gop flipped.

Geez, man did you not read your own link??

TPC estimated that about one-third of low-income households would get a tax cut in 2026. By contrast, nearly 90 percent of middle-income households and more than 98 percent of the top one percent of households would get a tax cut, according to the plan. At the same time, about 6 percent of households would see their taxes rise, including 10 percent of those with incomes between $100,000 and $200,000.

The draft measure released last Friday would make permanent trillions of dollars of individual tax cuts that were enacted in the 2017 TCJA but are scheduled to expire at the end of this year. It also would add some new tax breaks.


90 percent of middle class would get a cut, and moreover, make permanent the cuts from 2017. So nobody gets an increase, and 90 percent get even more of a cut!

 

[martybegan]

Trump has made no proposals whatsoever for permanent tax cuts for the working or middle classes. Only for the wealthy. All of the tax cuts for the middle and working class, are temporary. That's because you can't make a tax cut which results in a deficit 10 years after it's implementation.

 

[martybegan]

Trump has made no proposals whatsoever for permanent tax cuts for the working or middle classes. Only for the wealthy. All of the tax cuts for the middle and working class, are temporary. That's because you can't make a tax cut which results in a deficit 10 years after it's implementation.

Increasing the standard deduction helps lower income people the most.

Read the proposals before commenting on them.

 

[22lcidw]

Trump has made no proposals whatsoever for permanent tax cuts for the working or middle classes. Only for the wealthy. All of the tax cuts for the middle and working class, are temporary. That's because you can't make a tax cut which results in a deficit 10 years after it's implementation.

The Progressives know where they get much of their tax money from. The lower classes pay in all areas of the nation. Taxation is just not the Federal Income Tax. So many more. So many more.