Wow, Now Even CBS Is Realizing There Is No Inflation From Tariffs

[AntonToo]

• As part of President Trump’s strategy to establish balanced trade, the European Union will pay the United States a tariff rate of 15%, including on autos and auto parts, pharmaceuticals, and semiconductors. However, the sectoral tariffs on steel, aluminum, and copper will remain unchanged—the EU will continue to pay 50% and the parties will discuss securing supply chains for these products. This new tariff regime will generate tens of billions of dollars in revenue annually and help to close the longstanding trade imbalance between the United States and Europe by encouraging local sourcing, reshoring production, and ensuring that foreign producers contribute their fair share to the American economy.

Fact Sheet: The United States and European Union Reach Massive Trade Deal

MAKING GLOBAL HISTORY: Yesterday, President Donald J. Trump announced a trade deal with the European Union (EU), fundamentally rebalancing the economic

www.whitehouse.gov

Asstruth what the hell don't you get?

Trump is a protectionist, he is not interested in any free trade deals.

 

[struth]

Dolt, the deal is 15% tariff.

When are you going to stop shitting yourself in public already?

There is more to the deal then tariffs

Read it

 

[justoffal]

More winning for America, more losing for the American hating Dimwinger party.

Right now they're eating Trump posters and shitting out bloody blond hair! Whilst screaming!

 

[AntonToo]

There is more to the deal then tariffs

Read it

Moron, any deal that substantially raises tariffs IS NOT FREE TRADE DEAL BY DEFINITION.

It's the opposte.

 

[drudge X]

• As part of President Trump’s strategy to establish balanced trade, the European Union will pay the United States a tariff rate of 15%, including on autos and auto parts, pharmaceuticals, and semiconductors. However, the sectoral tariffs on steel, aluminum, and copper will remain unchanged—the EU will continue to pay 50% and the parties will discuss securing supply chains for these products. This new tariff regime will generate tens of billions of dollars in revenue annually and help to close the longstanding trade imbalance between the United States and Europe by encouraging local sourcing, reshoring production, and ensuring that foreign producers contribute their fair share to the American economy.

Fact Sheet: The United States and European Union Reach Massive Trade Deal

MAKING GLOBAL HISTORY: Yesterday, President Donald J. Trump announced a trade deal with the European Union (EU), fundamentally rebalancing the economic

www.whitehouse.gov

Asstruth what the hell don't you get?

Trump is a protectionist, he is not interested in any free trade deals.

None of the countries that Trump hit with high tariffs was interested in free trade with the US.

 

[AntonToo]

None of the countries that Trump hit with high tariffs was interested in free trade with the US.

That is blatantly false, as already shown a number of times in this thread, EU proposed a zero-tariff free trade agreement to Trump and he rejected it.

Israel is another example - they now have no tariffs at all against us and Trump is still keeping 15% tariffs on their imports to US.


Why not try to look things up instead of just saying whatever you wish was true?

 

[dudmuck]

No we got a better deal

 

[BluesLegend]

Poor Dems, Trump kicks them in the nuts again. Are Dems suffering health problems at this point from repeated humiliation and abandonment?

 

[Nostra]

Asstruth, should someone just take your idiot word for it?



What Is a Free Trade Agreement (FTA)?

A free trade agreement is an arrangement where two or more countries commit to opening up their markets to one another by lowering or removing tariffs, quotas, and other trade barriers, making it easier for goods and services to move between them.

Free Trade Agreement (FTA): Definition, How It Works, and Example

A free trade agreement reduces barriers to imports and exports between countries by eliminating all or most tariffs, quotas, subsidies, and prohibitions.

www.investopedia.com

What tariffs Trump removed? NONE.

Instead, Trump INCREASED tariffs, which is the OPPOSITE of free trade agreement.

‘Lowering of tariffs”

Nice self own, Crayon Muncher.

 

[Nostra]

The part where Trump INCREASED TARRIFS you ******* idiot.

We had effective tarrif rate of about 2% with EU before Trump's 15% tariff deal.

Yeah, to get them to lower tariffs.

Dumbass.

 

[Nostra]

• As part of President Trump’s strategy to establish balanced trade, the European Union will pay the United States a tariff rate of 15%, including on autos and auto parts, pharmaceuticals, and semiconductors. However, the sectoral tariffs on steel, aluminum, and copper will remain unchanged—the EU will continue to pay 50% and the parties will discuss securing supply chains for these products. This new tariff regime will generate tens of billions of dollars in revenue annually and help to close the longstanding trade imbalance between the United States and Europe by encouraging local sourcing, reshoring production, and ensuring that foreign producers contribute their fair share to the American economy.

Fact Sheet: The United States and European Union Reach Massive Trade Deal

MAKING GLOBAL HISTORY: Yesterday, President Donald J. Trump announced a trade deal with the European Union (EU), fundamentally rebalancing the economic

www.whitehouse.gov

Asstruth what the hell don't you get?

Trump is a protectionist, he is not interested in any free trade deals.

Hey stupid, it says BALANCED TRADE, not FREE TRADE.

 

[Nostra]

Moron, any deal that substantially raises tariffs IS NOT FREE TRADE DEAL BY DEFINITION.

It's the opposte.

Trump is looking for FAIR TRADE DEALS,Window Licker.

 

[Nostra]

That is blatantly false, as already shown a number of times in this thread, EU proposed a zero-tariff free trade agreement to Trump and he rejected it.

Israel is another example - they now have no tariffs at all against us and Trump is still keeping 15% tariffs on their imports to US.


Why not try to look things up instead of just saying whatever you wish was true?

Are you ever not a complete idiot?


Ever?


The European Union said Wednesday it will seek to fast track removal of all tariffs on US industrial goods by the end of the week, days after the US and the EU established a written framework for the trade deal agreed to late last month.

President Trump requested that tariffs be removed before the US lower its duties on the bloc's auto exports


The latest move by the EU follows Trump's warning on Monday that he could impose new tariffs and export limits on advanced technology and semiconductors in response to digital service taxes in other countries that he says unfairly target US tech firms.

Trump did not specify any countries in his post, but the European Union has employed various taxes and regulatory methods that Trump has said unfairly targets US tech giants. The EU defended its use of the measures on Tuesday

https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trumps-massive-50-india-tariffs-kick-in-eu-looks-to-fulfill-trump-demand-200619672.html

 

[struth]

Inflation is 2.7 which is lower then when x trump took office

 

[Nostra]

That's bad when even CBS is forced to acknowledge the truth. But, lefties take heart, inflation is still right around the corner. Any day now.

https://www.yahoo.com/finance/news/4-reasons-why-trump-tariffs-200047526.html

Bad news for the Murder Cult.

 

[task0778]

The inflation rate for Sept was 3.0, so it is in fact rising. Due to the shutdown we won't see the inflation report for October until around the middle of December, we'll see how it turns out. True, it isn't rising out of control, and there are other factors involved besides tariffs. But if Trump's tariff dividend passes and the Fed cuts rates again, I think you'll see inflation going up a little more rapidly.

 

[struth]

The inflation rate for Sept was 3.0, so it is in fact rising. Due to the shutdown we won't see the inflation report for October until around the middle of December, we'll see how it turns out. True, it isn't rising out of control, and there are other factors involved besides tariffs. But if Trump's tariff dividend passes and the Fed cuts rates again, I think you'll see inflation going up a little more rapidly.

What was it in Jan 2025 when Trump took office?

 

[iamwhatiseem]

The inflation rate for Sept was 3.0, so it is in fact rising. Due to the shutdown we won't see the inflation report for October until around the middle of December, we'll see how it turns out. True, it isn't rising out of control, and there are other factors involved besides tariffs. But if Trump's tariff dividend passes and the Fed cuts rates again, I think you'll see inflation going up a little more rapidly.

Inflation of 3.0 is not considered inflationary. It is just above "good" inflation rate of 2.0
An inflationary period is one of two things -
A sustained period of rising rates over many months.
5% or higher in any period.

 

[Zincwarrior]

Inflation of 3.0 is not considered inflationary. It is just above "good" inflation rate of 2.0
An inflationary period is one of two things -
A sustained period of rising rates over many months.
5% or higher in any period.

Tell everyone bitching about it. That argument really worked for Biden.

 

[task0778]

Inflation of 3.0 is not considered inflationary. It is just above "good" inflation rate of 2.0
An inflationary period is one of two things -
A sustained period of rising rates over many months.
5% or higher in any period.

Silly me, I was thinking maybe it would be wiser to avoid inflation before it gets to be a problem.

The way I see it, either Trump continues to levy tariffs and inflation will continue to rise, or he reduces or ends them and declares victory over the imbalance of trade. If the tariffs go away or are reduced, the imbalance of trade will return to what it was or nearly so. But if the tariffs are continued, consumer prices WILL rise and so will inflation, however slowly. If he also gets his $2000 tariff dividend passed through Congress then inflation will go up even more.