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Business, Economics, and Taxes: Eat Cereal for Dinner

Kepler said:
Has there been any actual quantitative detail yet?

Edit: "Trump held up a chart while speaking at the White House, showing the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 32% on Taiwan."

That has to be about 98% of all consumer goods bought by Americans. Nice.
Click to expand...
America First (to the bread line)
 
Kepler said:
A lot of rich people are losing a lot of money. Now it's serious.
Click to expand...
Between that and basically destroying the military industrial complex, it’s surprising that these people have survived this long. They must really want their tax cuts.
 
And by hitting Malaysia, Vietnam, Thailand, Indonesia, the rest of the far East, it prevents American companies from taking the easy way out(and the way they're gonna try to do anyway, rather than build new production facilities here) and shift production to other non-tariffed countries.

Notice however, no tariffs on the lily-white former Russian domain eastern European states.
 
I’m interested to see what happens to the treasury market and whether we see money leave US banks for foreign banks in any meaningful quantity.
 
bsky.app

Carl Quintanilla (@carlquintanilla.bsky.social)

Tough language from JPMorgan tonight: “.. we view the full implementation of these policies as a substantial macro economic shock not currently incorporated in our forecasts. .. these policies, if sustained, would likely push the US and global economy into recession this year.”
bsky.app bsky.app

Those Soros liberals at JP Morgan torching the plan...
 
I look forward to all of the money we will make off of the 10% tariffs on the Heard and McDonald Islands, which for those keeping track has a population of 0.
 
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