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dude (my fellow Americans)
we are screwed!
These meager tax cuts wont mean anything once inflation kicks in
 

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Trump threatens to tax European auto imports

Apart from Levis, looks like they'll be doing Euros a favour by limiting the sale of leaky old bangers and second rate piss..

European Commission President Jean-Claude Juncker told German television that "We will put tariffs on Harley-Davidson (motorcycles), on bourbon and on blue jeans - Levis."
WASHINGTON (Reuters) - U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel.

Trump's tweet suggested he is refusing to yield to U.S. business interests and foreign trading partners alarmed at the prospect of a trade war that rattled financial markets this week.
https://au.news.yahoo.com/a/39390658/trump-threatens-to-tax-european-auto-imports/
 

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Well. Apart from Ford (struggling BTW) and roller-skate Daewoos badged as Chevvies, he's right. Europeans don't buy American cars.

I mean. Given the choice, who in their right mind would?
 

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I woke up this morning and find out that a Republican President has started imposing tariffs on foreign goods and the Republican Party is speechless because they don't know how to respond to a policy they are against but don't want to undermine a president from their own party.

Meanwhile, the Democrats are far from speechless. They are blasting the president for starting a trade war and undermining the economy, even though their party has traditionally supported protectionist policies because the unions are for it.


What the fuck is going on ? Nothing makes sense !!
 

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Nothings changed much.. Just add Trump.

It's Official - America
Is Insane​

It's official, the country is insane.* It wasn't that long ago that police sold themselves to the public as Peace Officers.** Religion used to stay where it belonged, in church.** Public school children used to get picked up every morning by big yellow school buses and the only time you'd see a cop in a classroom was if he was someone's Dad on Show and Tell day.* Government used to be a group of people who worked for the public's best interests and strictly regulated business and law enforcement to ensure our nation was a safe and sane place to live.* All of our national energy and money went into keeping America strong and ensuring a better life for future generations.
*
Now, the police are paramilitary swat teams with black masks, machine guns and no sense of humor. Religion is demanding that government become an arm of the Church. School buses are gone and kids are on ritalin and prozac and taking dozens of required vaccinations that are known to be deathly dangerous.* School shootings have turned campuses into low security prisons with children being searched and watched everywhere, even in the bathroom stalls. And the government has turned into a rich boy's club intent on selling the public interest to foreign elites and making back room deals to achieve global governance and privatize the whole world.* Our food is toxic, our air is poisoned, and our water is tainted with chemicals and radiation. People can't afford higher education or health care and when catastrophe hits, the government no longer steps up to help.*
*
We have a twit pro-torture president who shrugs off the Geneva Conventions and a creepy vice president who wants a hundred year war.* Elections are fixed,* bio-engineered microscopic bugs are making people sick, and corruption is raging in High Office and small business alike.* If this isn't full blown insanity, I don't know what is.* Well maybe wearing your underwear on your head and gobbling like a turkey while using your hula hoop in the driveway would qualify, but I'm talking about the big picture here.​

It's Official - America Is Insane
 

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MEXICO CITY (Reuters) - U.S. President Donald Trump’s threats to unleash a trade war over steel crushed hopes of substantial progress in the latest talks to rework NAFTA, heightening fears for the trade deal’s future.

Trump said on Thursday that a plan for protectionist tariffs of 25 percent on steel imports and 10 percent on aluminum goods would be announced next week, following up on Twitter on Friday by calling trade wars“good, and easy to win.”

Trump’s statements have blunted efforts to renegotiate the 1990s-era North American Free Trade Agreement, which had already been disrupted by the early departure of a U.S. official handling one of the most divisive subjects, content rules for autos.

Asked how NAFTA negotiators could be working in good faith to update the deal while Trump talked approvingly about trade wars, a well-placed Canadian source replied:“That’s a very good question. I don’t think there’s an answer yet.”


 

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Trump’s statements have blunted efforts to renegotiate the 1990s-era North American Free Trade Agreement, which had already been disrupted by the early departure of a U.S. official handling one of the most divisive subjects, content rules for autos.

Asked how NAFTA negotiators could be working in good faith to update the deal while Trump talked approvingly about trade wars, a well-placed Canadian source replied:“That’s a very good question. I don’t think there’s an answer yet.”
There are abundant examples in history of organizations making multiple decisions that are incompatible with each other. This is invariably due to different individuals within the organization making decisions about policy without consulting with each other or otherwise acting independently.

This is what Trump is doing with executive policy. Except he's the one in charge of making all the decisions. It's as if there are different people in charge inside of Trump's head at different times.

On Monday, Trump 'A' makes a decision. On Tuesday, Trump 'B' makes another decision that is makes no sense in the context of the previous decision. On Wednesday, Trump 'C' makes yet another decision that buggars both previous decisions. And so on.

The country stands and watches with its collective mouth hanging open in disbelief.
 

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Discussion Starter #17
Trump cited national security as justification for tariffs on steel and aluminum

He should do the same for wolfram as the US imports 75% of this metal, mainly from China :devil
 

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...
WASHINGTON (AP) — President Donald Trump insisted Monday that he's "not backing down" on his plan to impose stiff tariffs on imported steel and aluminum despite anxious warnings from House Speaker Paul Ryan and other congressional Republicans of a possible trade war.

The president said that North American neighbors Canada and Mexico would not get any relief from his plan to place the tariffs on the imports but suggested he might be willing to exempt the two longstanding allies if they agreed to better terms for the North American Free Trade Agreement.

"No, we're not backing down," Trump said in the Oval Office, seated with visiting Israeli Prime Minister Benjamin Netanyahu. "We've had a very bad deal with Mexico, we've had a very bad deal with Canada — it's called NAFTA," Trump said.

The president opened the door to exempting the two countries from the planned tariffs, telling reporters, "that would be, I would imagine, one of the points that we'll negotiate." But he added, "If they aren't going to make a fair NAFTA deal, we're just going to leave it this way."

Trump spoke shortly after a spokeswoman for House Speaker Ryan said the GOP leader was "extremely worried" about the tariffs setting off a trade war and had urged the White House "to not advance with this plan." Republican leaders of the House Ways and Means Committee, meanwhile, circulated a letter opposing Trump's tariff plan.

The administration says the tariffs are necessary to preserve the American industries — and that imposing them is a national security imperative. But Trump's comments and tweets earlier in the day suggested he was also using them as leverage in the current talks to revise NAFTA. The latest round of a nearly yearlong renegotiation effort is concluding this week in Mexico City.

He tweeted, "Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed. Also, Canada must treat our farmers much better. Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S."

In the meantime, Trump's tariff plan has been branded "absolutely unacceptable" by Canadian Prime Minister Justin Trudeau of Canada, and Jean-Claude Juncker, president of the European Commission has said the European Union could respond by taxing American goods including Bourbon, blue jeans and Harley Davidson motorcycles.

The tariffs will be made official in the next two weeks, White House officials said Monday, as the administration defended the protectionist decision from critics in Washington and overseas.

Speaking on "Fox and Friends," White House trade adviser Peter Navarro said: "25 percent on steel, and the 10 percent on aluminum, no country exclusions — firm line in the sand."
 

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WASHINGTON (AP) — President Donald Trump insisted Monday that he's "not backing down" on his plan to impose stiff tariffs on imported steel and aluminum despite anxious warnings from House Speaker Paul Ryan and other congressional Republicans of a possible trade war.

The president said that North American neighbors Canada and Mexico would not get any relief from his plan to place the tariffs on the imports but suggested he might be willing to exempt the two longstanding allies if they agreed to better terms for the North American Free Trade Agreement.

"No, we're not backing down," Trump said in the Oval Office, seated with visiting Israeli Prime Minister Benjamin Netanyahu. "We've had a very bad deal with Mexico, we've had a very bad deal with Canada — it's called NAFTA," Trump said.

The president opened the door to exempting the two countries from the planned tariffs, telling reporters, "that would be, I would imagine, one of the points that we'll negotiate." But he added, "If they aren't going to make a fair NAFTA deal, we're just going to leave it this way."

Trump spoke shortly after a spokeswoman for House Speaker Ryan said the GOP leader was "extremely worried" about the tariffs setting off a trade war and had urged the White House "to not advance with this plan." Republican leaders of the House Ways and Means Committee, meanwhile, circulated a letter opposing Trump's tariff plan.

The administration says the tariffs are necessary to preserve the American industries — and that imposing them is a national security imperative. But Trump's comments and tweets earlier in the day suggested he was also using them as leverage in the current talks to revise NAFTA. The latest round of a nearly yearlong renegotiation effort is concluding this week in Mexico City.

He tweeted, "Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed. Also, Canada must treat our farmers much better. Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S."

In the meantime, Trump's tariff plan has been branded "absolutely unacceptable" by Canadian Prime Minister Justin Trudeau of Canada, and Jean-Claude Juncker, president of the European Commission has said the European Union could respond by taxing American goods including Bourbon, blue jeans and Harley Davidson motorcycles.

The tariffs will be made official in the next two weeks, White House officials said Monday, as the administration defended the protectionist decision from critics in Washington and overseas.

Speaking on "Fox and Friends," White House trade adviser Peter Navarro said: "25 percent on steel, and the 10 percent on aluminum, no country exclusions — firm line in the sand."
Wouldn't it be IRONic if the price of the rebar steel needed for his wall suddenly went up by 25%?
 
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