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#trumptariffs

98 posts62 participants24 posts today

I want to make sure folks see this. James Surowiecki on Xitter has figured out the formula used to compute the #trumpTariffs and it’s dumber than you ever expected. Like, STUPENDOUSLY stupid. I wouldn’t even be surprised if you told me they used AI to come up with this nonsenical scheme.

#kakistocracy #incompetence

Sources:

xcancel.com/JamesSurowiecki/st

xcancel.com/JamesSurowiecki/st

xcancel.com/JamesSurowiecki/st

Continued thread

W Times Radio:

"This is one of most destructive nights in economic history. In the scenario started by Trump, the projected loss to the global economy will be $1.4 trillion.

What Donald #Trump has done is replicate the tariff increass of the 1930s — and you know what happened next."

"The Trump Tariff Tax is the largest peacetime tax hike in U.S. history. These Tariffs are nearly 10x the size of those imposed during the Trump-Pence Administration and will cost American families over $3,500 per year."

Mike Pence, of all people!

'We here in the UK will take any action we need to give us the tools that we need to respond to the [##trumptariffs]"

Reynolds, Business and Trade Secretary

'We will do bugger all and pray it doesn't get worse' is what he means

Replied in thread

@GrahamDowns you are right. And we tried this during the depression with the Smoot-Hawley tariffs which was known to have exacerbated The Great Depression and made it longer.

These #TrumpTariffs are unforced errors that are predictably and predicted to ruin things and accomplish nothing positive for the US in the short, mid or long terms.

I made this to help people understand: Tariffs Are Taxes

Tariffs are taxes, on Americans, companies and individuals like you and me, whenever they buy something imported.

Look at your food, your clothes, your electronics, even your house: a huge portion is imports or made from imported materials. Plus the gasoline used to get it all to us.

#TrumpTariffs are a #tax on us.

youtube.com/shorts/4R0Y4yF8WMQ

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Trump says new tariffs will boost US business; experts warn about inflation, trade wars — COLORADO COMMENT

“Coloradans shouldn’t be stuck paying for Trump’s broken promises to lower costs. These tariffs are bad for Colorado and bad for America.” — Sen. Hickenlooper

sentinelcolorado.com/nation-wo

Sentinel Colorado · Trump says new tariffs will boost US business; experts warn about inflation, trade wars — COLORADO COMMENTBy JOSH BOAK, AP Business Writers