Trump threatens new 10% global tariff after Supreme Court rules against 'liberation day' tariffs

[ColonelAngus]

Er.... tax cuts for the rich. Cutting anything and everything that would make things better for poor people. Tariffs so poor people pay more and the rich pay less.

I could go on.

Walk us through the specific math on how tariffs do what you claim.

Let us use the example of Chinese steel.

30% tariffs on Chinese steel imported to the USA.

Walk us through the math.

 

[Mac1958]

It's a shame that a guy who supposedly "ran a business" knows and understands so little about the effect this chaos is causing American small business owners.

WARNING: This American small business owner is an evil Satanic left wing Marxist commie who wants to destroy America!

 

[DStar777]

Er.... tax cuts for the rich.

Doesn't make anyone poorer

 

[ColonelAngus]

I am simply asking for a specific explanation on why we are all gonna die from a 30% tariff on Chinese steel imported to the USA.

 

[Cellblock2429]

Walk us through the specific math on how tariffs do what you claim.

Let us use the example of Chinese steel.

30% tariffs on Chinese steel imported to the USA.

Walk us through the math.

/----/ democRAP talking points require no proof to back up their claims. Either you accept it, or you're a Nazi.

 

[frigidweirdo]

Doesn't make anyone poorer

Really? Is this economics 101 taught by Mr Billionaire?

Let's try this.

If the rich get tax cuts, then who's paying for the stuff? Oh, the poorer people. If the poorer people have less money, does this make them poorer or not?

 

[Oddball]

 

[Oddball]

 

[ColonelAngus]

It seems to me that people critical of the tariffs are not even able to articulate with math why the tariffs are bad.

Just more ORANGE MAN BAD bullshit.

 

[Cellblock2429]

Really? Is this economics 101 taught by Mr Billionaire?

Let's try this.

If the rich get tax cuts, then who's paying for the stuff? Oh, the poorer people. If the poorer people have less money, does this make them poorer or not?

/-----/ Complete nonsense. Who is your tax consultant, Jimmy Kimmel or one of the fat broads on The View?

Big, Beautiful Success Story: Taxpayers Benefitting Right Now From $220 Billion Income Tax Reduction​

February 19, 2026
WASHINGTON, D.C. – As the tax filing season continues, taxpayers will see how the Working Families Tax Cuts boost tax refunds and increase paychecks. A recent study from Wells Fargo shows the Working Families Tax Cuts will cut income taxes by $220 billion this year and boost refunds for 2025 tax filings to an average of nearly $4,000, a substantial increase over the previous tax year.

The Working Families Tax Cuts dramatically help working families, such that a family of four with two children earning up to $73,000 has zero income tax liability.

“Taxpayers are right now seeing the benefits of the Working Families Tax Cuts as they get their tax refunds, which are expected to be the largest ever. This, combined with even more tax cuts coming in 2026, will put more money back into the pockets of Americans – where it belongs,” said Ways and Means Committee Chairman Jason Smith (MO-08). “Additionally, with wages rising faster in President Trump’s first year back in office than they did all four years of the Biden presidency, Republican tax cuts are making life more affordable for working families.”

The study is in line with other projections that similarly show a historic increase in tax refund amounts thanks to the Working Families Tax Cuts. Taxpayers could receive an extra $1,000 bump to their tax refund in 2026 as part of $191 billion in new tax relief in 2026, according to a Piper Sandler study.

Study Highlights:

• Massive Income Tax Cuts This Year: Americans are estimated to pay $220 billion less in federal income tax in 2026. This amount reflects both historically high tax refunds as well as higher paychecks throughout the year from lower tax withholdings. Bigger tax refunds for tax year 2025 account for $80 billion of the total tax cut for 2026. Bigger paychecks from lower withholdings account for another $100 billion.
• Average Refund Close to $4,000: The average refund is expected to rise by 18 percent over last year.
• Middle Class Gets Most Relief: Taxpayers earning $50,000 – $200,000 will see a 4.2 percent reduction in federal income tax, the largest of any income group.
• Big, Beautiful Success Story: Taxpayers Benefitting Right Now From $220 Billion Income Tax Reduction - Ways and Means

 

[jknowgood]

So, if there's one bad apple, all apples are bad?

One bad apple? Try thousands of them.

 

[jknowgood]

So, if there's one bad apple, all apples are bad?

61% of illegals are on government assistance.

 

[percysunshine]

Has anyone pointed out that the'Balance of Payments' is not the same thing as the 'Trade Balance'?

There is no imbalance of payments, so the Trump administration does not have the legal authority they are now citing.

Trumps biggest problem is he hires morons as advisors. This was probably that clown Navarro's idea. This also will go back to the courts, and Trump will lose again.

 

[percysunshine]

The “balance of payments” includes, but is not the same as, the balance of trade. Rather, it is a comprehensive measure of all economic transactions between America’s residents and the rest of the world. This includes transactions not only related to imports and exports, but also direct investments, loans, and asset purchases.

The U.S. Balance-of-Payments Deficit Is Essentially Zero | National Review

It is not ‘large and serious,’ as the tariff power under Section 122 of the 1974 Trade Act requires.

www.nationalreview.com

 

[Cellblock2429]

Has anyone pointed out that the'Balance of Payments' is not the same thing as the 'Trade Balance'?

There is no imbalance of payments, so the Trump administration does not have the legal authority they are now citing.

Trumps biggest problem is he hires morons as advisors. This was probably that clown Navarro's idea. This also will go back to the courts, and Trump will lose again.

/——/ Trump should hire geniuses like Biden did?

 

[percysunshine]

/——/ Trump should hire geniuses like Biden did?
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It isn't a contest. Bad advice is bad advice.