The conservative think tank AEI says the tariff formula makes no sense -- AND a math error made the numbers even worse.

[TimFitz]

The cabinet are implementing the policies that MAGA wants.


You are playing with a trope that lefties like, ie that one can only be represented by those that are of the same... group as you.


But, you don't really believe that. That is why Biden was able to say shit like, "you aint black". You are able to graps that BIDEN could represent blacks.


So, you are just SHIT TALKING to avoid admitting how... shocking of a development MAGA is.



The "billonaires" have lost control. MAGA is writting and implementing policy.


Your .... classism, is a you thing. MAGA has no problem with Trump or Musk being our voices. They are doing a great job.

Billionaires and their lobbyists are all over DOGE.

Several others are on Trump’s cabinet. The rest are stooges.

 

[Correll]

We don’t see your ilk putting up any kind of intelligent defense of Trump’s trade wars.

That's rich. YOu lefties are the ones that refuse to engage in serious discussion.

You will pay more for everything. Your wages won’t go up.

Globalization has led to the hollowing out of our manufacturing base and our workign class and suppressed wages.


I want to reverse that, as much as reasonably possible.


I am prepared to pay a bit more for goods. Personally I think the cheap and easy consumption model is not really that good of an idea.


I expect that wages overall, especially at the lower end, WILL go up.

 

[konradv]

Why do you claim that? Explain your reasoning.

Trump is crashing the economy and won’t know how to fix it.

 

[Mashmont]

‘The formula for the tariffs, originally credited to the Council of Economic Advisers and published by the Office of the United States Trade Representative, does not make economic sense. The trade deficit with a given country is not determined only by tariffs and non-tariff trade barriers, but also by international capital flows, supply chains, comparative advantage, geography, etc.

But even if one were to take the Trump Administration’s tariff formula seriously, it makes an error that inflates the tariffs assumed to be levied by foreign countries four-fold. As a result, the “reciprocal” tariffs imposed by President Trump are highly inflated as well.’

President Trump’s Tariff Formula Makes No Economic Sense. It’s Also Based on an Error.

President Trump on Wednesday announced tariffs on practically every foreign country (and some non-countries), ranging from a 10 percent minimum all the way up to 50 percent. He described the tariffs as reciprocal; however, they are nothing of the sort.

www.aei.org

A failed Trump ‘administration’ of incompetence and blind stupidity.

Further proof Trump is unfit to be president.

Another post made in the first inning proclaiming the game over. When you people ever learn with Trump? He ALWAYS turns out to be right.

 

[TimFitz]

Why do you claim that? Explain your reasoning.

Just about every economist in the world has explained it.

I would have predicted that our trading partners would enact reciprocal tarrifs.

But that prediction already came true.

 

[Zincwarrior]

The cabinet are implementing the policies that MAGA wants.

MAGA wants incoherent trade strategies? I thought Trump won on border control and lowering prices?

 

[konradv]

Another post made in the first inning proclaiming the game over. When you people ever learn with Trump? He ALWAYS turns out to be right.

Trump cult lies!

 

[Correll]

Billionaires and their lobbyists are all over DOGE.

Several others are on Trump’s cabinet. The rest are stooges.

I'm fine with Trump and his buddies. They are, despite being rich, they are part of MAGA.

You seem to be unable to address the point here.


"THE BILLIONAIRES" as define by YOU, as a group, YOU made the point that they are complaining, becuase they disagree with the policies being enacted.


This is the RICH, losing control of hte country, becuase MAGA is taking it over.


YOU are on the side of the "BILLIONAIRES" and I, MAGA, is the OTHER SIDE, ie the working class, the middle class AMERICANS.



I'm AGREEING WITH YOU on what is happening, I am just;.... awed that you can complant about something yet at the same time deny that it is happening.


You seem to be very confused.

 

[Correll]

Trump is crashing the economy and won’t know how to fix it.

Oh, you are part of the TALK UP A RECESSION movement?

That's fine. I am part of the DON'T DO THAT MOVEMENT.

 

[Correll]

Just about every economist in the world has explained it.

I would have predicted that our trading partners would enact reciprocal tarrifs.

But that prediction already came true.

I'm not suprisesed that there is push back. I expected that too.


Just taking the hit would have required a degree of maturity that is... nowhere to be seen in the world today.

 

[Correll]

MAGA wants incoherent trade strategies? I thought Trump won on border control and lowering prices?

Trade was always there. You really missed that?

 

[Zincwarrior]

Globalization has led to the hollowing out of our manufacturing base and our workign class and suppressed wages.

Pro-tip, the US is the largest manufacturer in the world now per capita. Spurring additional investment in the US is done through both specially targeted tariffs, domestic incentives, and building a skilled a workforce.

 

[Zincwarrior]

Trade was always there. You really missed that?

Trade was, yes. Now we have a trade war.

 

[Correll]

Pro-tip, the US is the largest manufacturer in the world now per capita. Spurring additional investment in the US is done through both specially targeted tariffs, domestic incentives, and building a skilled a workforce.

Nope. Not buying that.


EVERY TIME, I try to discuss the interests of manufacturing workers, or the US workign class, I am told by lefties that even discussing the issue, is stupid or a sign of my personal failures.


THe status qou policy has been one of hostility towards US manufacturing workers, with the normalized model being pay as little as possible and move overseas at the drop of a hat, or hire imported third world labor.


If you wanted a more nuanced policy to serve US worker's interests, you had decades.


Now we do it OUR way. If you had a better idea, you should have done it when you had your chances.

 

[Correll]

Trade was, yes. Now we have a trade war.

Oh, cool. I like that you were talking about policy platforms, and then when I addressed your point seriously,


you just shitcanned your own point.


So. YEah, I agree. Your point was shit. I would have been more diplomatic about it, but if you are that harsh on yourself, who am I to judge.

So.... yeah.

 

[Zincwarrior]

EVERY TIME, I try to discuss the interests of manufacturing workers, or the US workign class, I am told by lefties that even discussing the issue, is stupid or a sign of my personal failures.

Lefties aren't running the companies that eliminated the jobs

 

[Zincwarrior]

Oh, cool. I like that you were talking about policy platforms, and then when I addressed your point seriously,

Market is down another thousand points. We are officially in a bear market for both NasDaq and the Dow. A year of investement growth is literally gone now.

 

[Correll]

Lefties aren't running the companies that eliminated the jobs

Well, that's an interesting claim. And irrelevant to my point. Or your previous point.

So, that's you cashing out.

 

[Correll]

Market is down another thousand points. We are officially in a bear market for both NasDaq and the Dow. A year of investement growth is literally gone now.

And you keep running from your previous point.

So...that's a win for me.

 

[Zincwarrior]

Well, that's an interesting claim. And irrelevant to my point. Or your previous point.

So, that's you cashing out.

You said lefties. CEOs are not lefties.

Michigan economy already getting hit.

https://www.wsj.com/economy/the-first-victim-of-trumps-trade-war-michigans-economy-ea6ff8b2