Trump’s Big Tariff Talk Crumbles. He’s Backing Down Big Time!

[Paradoxical#1]

Tariffs helped wreck the economy in the 1930s. Why is Trump making the same mistake?

History may not perfectly repeat itself, but it often rhymes. Two protectionist episodes—the infamous Smoot-Hawley Tariff Act of 1930 and the Trump-era

reason.com

I asked for a link that the Great Depression began because of tariffs and was thrilled that someone came up with a link and so I eagerly went to yours and find:

The timing couldn't have been worse. The Great Depression had begun and the stock market, which had been slowly recovering from the 1929 crash, dropped again when the bill became law. Instead of stabilizing, the country sank further into depression. Far from rescuing American farmers, the tariffs deepened their crisis. Between 1929 and 1934, global trade collapsed by 65 percent.

Thus, like Charlie Brown having the football pulled away again at the last second I was saddened to see that the opinion of someone else you linked me to showed I was correct. The Great Depression had already BEGAN before the tariffs.

I don't know the guy who wrote the opinion piece. Most likely another in a long line of liberals casting aspersions and contempt on Trump like a tribal warrior boasting he wounded the Great One.

 

[Paradoxical#1]

And?

See post #281 for your further enlightenment.

 

[Mac-7]

So, you made it up. And you support your made up claim by making up more.

I didnt make anything up

Working Americans are getting food stamps

https://www.fns.usda.gov/snap/work-requirements

 

[John Edgar Slow Horses]

And?

In part, yes.

 

[TimFitz]

I asked for a link that the Great Depression began because of tariffs and was thrilled that someone came up with a link and so I eagerly went to yours and find:

The timing couldn't have been worse. The Great Depression had begun and the stock market, which had been slowly recovering from the 1929 crash, dropped again when the bill became law. Instead of stabilizing, the country sank further into depression. Far from rescuing American farmers, the tariffs deepened their crisis. Between 1929 and 1934, global trade collapsed by 65 percent.

Thus, like Charlie Brown having the football pulled away again at the last second I was saddened to see that the opinion of someone else you linked me to showed I was correct. The Great Depression had already BEGAN before the tariffs.

I don't know the guy who wrote the opinion piece. Most likely another in a long line of liberals casting aspersions and contempt on Trump like a tribal warrior boasting he wounded the Great One.

It irrevant to me.

I never claimed that the Smoot-Hawley tarrifs caused the Depression, but it certainly prolonged and deepened it.

 

[Independent thinker]

Trump’s getting roasted in the latest New York Times piece, and it’s juicy! He was strutting around, promising 145% tariffs on Chinese goods would force companies to build factories in the USA. But surprise, surprise—his big plan’s a total dud! Big dogs like Walmart and Target told him straight: his tariffs would jack up prices and leave shelves empty. Now Trump’s admitting they’re a bust and backing off fast.

Where’s the “deal-maker” who was gonna make the world beg? Looks like reality slapped him silly!


The article’s got more dirt. Trump’s not just caving on tariffs. He’s dodging other fights too. He backed off firing the Federal Reserve chairman and, with the stock market down 10% since he started, his Treasury secretary’s scrambling to avoid a full-on trade war with China. This is the guy who said he’d make global trade bow to America, but now he’s learning it’s not as easy as tweeting tough. The Times calls it a “vivid case study” in Trump’s economic faceplant. Anyone else cracking up at this?


Trump’s crew is spinning it like he’s playing 4D chess, with his press secretary saying “have patience” and claiming 90 countries are ready to deal. Yeah, sure, Karoline! Sounds like a weak excuse for a guy who’s in way over his head. Check out the full takedown on nytimes.com. It’s brutal. So, what’s the vibe? Is Trump’s retreat a total humiliation, or are his diehards still buying the “genius” act? Spill the tea below and let’s clown this flop! #TrumpTariffs #BigL

Trump’s Tariffs Bump Into Reality as Economic Strategy Wavers

President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.

www.nytimes.com

The tariff talk has resulted in numerous actions benefitting the US regarding trade. The tariffs were never meant to be long term.

 

[Paradoxical#1]

It irrevant to me.

I never claimed that the Smoot-Hawley tarrifs caused the Depression, but it certainly prolonged and deepened it.

Why use that link then?

 

[Rambunctious]

I do have faith in the USA. We will be just fine. I don’t have faith in our idiot president

Dude after Biden slept walked his way through 4 years of turmoil I don't know how you can even say that... I really don't...

 

[krichton]

Honest to Heaven, democrats are so effing deranged that they support ANYTHING that hurts Americans. They will fight economic improvement no matter what it is. Open foreign markets? Ooohhh that's gotta be stopped. Arrest criminals? Instead just legalize their crimes.

Democrats are making themselves more hated every day. No wonder the youngsters are turning against them. This is the world they will have to live in.

The Democrats’ young man problem is real

Three theories for the Democrats’ failures with Gen Z men.

www.vox.com

Isn't a tax on Americans through universal tariffs hurting Americans? It seems to me that republicans are the ones supporting anything that hurts Americans.

Fight economic improvement, or economic disaster? What are economists saying? Hmmm

 

[John Edgar Slow Horses]

Dude after Biden slept walked his way through 4 years of turmoil I don't know how you can even say that... I really don't...

Trump and MAGA are the pustules of the infection that we are medicating and irradicating.

We are going to be fine.

 

[EvilCat Breath]

Isn't a tax on Americans through universal tariffs hurting Americans? It seems to me that republicans are the ones supporting anything that hurts Americans.

Fight economic improvement, or economic disaster? What are economists saying? Hmmm

They are saying economic improvement.

$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul from in American history.

dailycaller.com

 

[krichton]

Tariffs that are fair to Americans. I realize that some leftists are globalists and think that we should just get along with all countries and that we should be happy just being a third rate nation like we were under Biden.But Trump and myself happen to believe that nationalism is the best recipe for any country.

Tariffs are a tax on Americans, especially when they are braindead universal tariffs like Trump has done. Who screams the loudest when they hear taxes are being raised, even when it's not even on themselves? Who clutches their pearls when they hear that billionaires should be taxed their fair share? Republicans. But suddenly this is fine? Give me a break.

You know what's a third rate nation? One that self inflicts a recession on themselves through idiotic universal tariffs.

 

[Paradoxical#1]

Tariffs are a tax on Americans, especially when they are braindead universal tariffs like Trump has done. Who screams the loudest when they hear taxes are being raised, even when it's not even on themselves? Who clutches their pearls when they hear that billionaires should be taxed their fair share? Republicans. But suddenly this is fine? Give me a break.

You know what's a third rate nation? One that self inflicts a recession on themselves through idiotic universal tariffs.

How do I pay a tax if I don’t buy anything? BTW, Europe has a VAT. Only 18%. On everything,

 

[citygator]

Get you Christmas presents now…. You are about to start seeing a huge price increase to sell what little product we will have on shelves.

 

[krichton]

How do I pay a tax if I don’t buy anything? BTW, Europe has a VAT. Only 18%. On everything,

Who bought the computer and keyboard you're typing on? Who bought the monitor you're seeing this message board on? Do you eat or buy clothes??

 

[krichton]

Get you Christmas presents now…. You are about to start seeing a huge price increase to sell what little product we will have on shelves.

I wish I was a republican, so I could be excited over this.

 

[krichton]

They are saying economic improvement.

$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul from in American history.

dailycaller.com

Trillions in the stock market has been lost. Tens of billions in treasury bonds have been dumped recently. The value of the dollar has lost 10 points since Trump took office to below 100, which hasn't happened since Trump left office. Our economy is teetering on the edge. But ok, let's talk about the few billion being made off tariffs, which American citizens have to pay for.

 

[krichton]

We already were in a recession.
The Auto-Pen cheats in the White House simply changed the definition of recession to avoid calling it a recession.

I guess you don't know the definition of a recession. You'll find it out soon though.

 

[Paradoxical#1]

Who bought the computer and keyboard you're typing on? Who bought the monitor you're seeing this message board on? Do you eat or buy clothes??

My computer is 4 years old. I buy blue jeans and TShirts. Food comes from farms. Not packaged or jars. We need to go back to when we weren’t mad consumers gobbling up Nikes.

 

[The Irish Ram]

Isn't a tax on Americans through universal tariffs hurting Americans? It seems to me that republicans are the ones supporting anything that hurts Americans.

Fight economic improvement, or economic disaster? What are economists saying? Hmmm

They are saying that this move by Trump is brilliant. Why are the countries all lining up at the WH door? They don't want us to do to them what they have been doing to us. We will be the winners of this maneuver.