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Trump

Importers pay the tariffs, they pass on their additional costs to Sam public, tariffs collected are then distributed in the form of tax cuts. The already wealthy get wealthier whilst everyone else is poorer.
 
This needs to be more widely known, we are dealing with utter morons


Edit - if you go via Bluesky it should be free to read:


Given they're imposing 25% on cars across the board, you wonder if they even adjusted for that when calculating the rate for the balance of tariffs, as otherwise they're double counting the impact of the car trades. I mean the methodology is dumb as fuck, but if you're going to apply it you'd surely deduct the trades on the fixed tariff items (ie cars) as part of the calc. Did they do that?
 
What Trump's tariffs really mean by Chris Murphy, US Senator for Connecticut, they are purely political...

"Those trying to understand the tariffs as economic policy are dangerously naive.
No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief.

This week you will read many confused economists and political pundits who won’t understand how the tariffs make economic sense.

That’s because they don’t. They aren’t designed as economic policy. The tariffs are simply a new, super dangerous political tool.

You see, our founders created a President with limited and checked powers. They specifically put the power of spending and taxation in the hands of the legislature.

Why? Because they watched how kings and despots used spending and taxes to control their subjects.

British kings used taxation to reward loyalty and punish dissent.

Our own revolution was spurred by the King’s use of heavy taxation of the colonies to punish our push for self governance.

The King’s message was simple: stop protesting and I’ll stop taxing.

Trump knows that he can weaken (and maybe destroy) democracy by using spending and taxation in the same way.

He is using access to government funds to bully universities, law firms and state and local governments into loyalty pledges.

Healthy democracies rely on an independent legal profession to maintain the rule of law, independent universities to guard objective truth and provide forums for dissent to authority, and independent state/local government to counterbalance a powerful federal government.

But the private sector also plays a role to protect democracy. Independent industry has power.

The tariffs are Trump’s tool to erode that independence. Now, one by one, every industry or company will need to pledge loyalty to Trump in order to get sanctions relief.

What could Trump demand as part of a quiet loyalty pledge?

Public shows of support from executives for all his economic policy. Contributions to his political efforts. Promises to police employees’ support for his political opposition.

The tariffs are DESIGNED to create economic hardship. Why? So that Trump has a straight face rationale for releasing them, business by business or industry by industry.

As he adjusts or grants relief, it’s a win-win: the economy improves and dissent disappears.

And once Trump has the lawyers, colleges and industry under his thumb, it becomes very hard for the opposition to have any viable space to maneuver.

Trump didn’t invent this strategy. It’s the playbook for democratically elected leaders who want to stay in power forever.

The tariffs aren’t economic policy. They are political weapons.

But as long as we see this clearly, we can stop him. Public mobilization is working. Today, a few Republicans joined Democrats to vote against one set of tariffs.

The people still have the power.
 
What Trump's tariffs really mean by Chris Murphy, US Senator for Connecticut, they are purely political...

"Those trying to understand the tariffs as economic policy are dangerously naive.
No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief.

This week you will read many confused economists and political pundits who won’t understand how the tariffs make economic sense.

That’s because they don’t. They aren’t designed as economic policy. The tariffs are simply a new, super dangerous political tool.

You see, our founders created a President with limited and checked powers. They specifically put the power of spending and taxation in the hands of the legislature.

Why? Because they watched how kings and despots used spending and taxes to control their subjects.

British kings used taxation to reward loyalty and punish dissent.

Our own revolution was spurred by the King’s use of heavy taxation of the colonies to punish our push for self governance.

The King’s message was simple: stop protesting and I’ll stop taxing.

Trump knows that he can weaken (and maybe destroy) democracy by using spending and taxation in the same way.

He is using access to government funds to bully universities, law firms and state and local governments into loyalty pledges.

Healthy democracies rely on an independent legal profession to maintain the rule of law, independent universities to guard objective truth and provide forums for dissent to authority, and independent state/local government to counterbalance a powerful federal government.

But the private sector also plays a role to protect democracy. Independent industry has power.

The tariffs are Trump’s tool to erode that independence. Now, one by one, every industry or company will need to pledge loyalty to Trump in order to get sanctions relief.

What could Trump demand as part of a quiet loyalty pledge?

Public shows of support from executives for all his economic policy. Contributions to his political efforts. Promises to police employees’ support for his political opposition.

The tariffs are DESIGNED to create economic hardship. Why? So that Trump has a straight face rationale for releasing them, business by business or industry by industry.

As he adjusts or grants relief, it’s a win-win: the economy improves and dissent disappears.

And once Trump has the lawyers, colleges and industry under his thumb, it becomes very hard for the opposition to have any viable space to maneuver.

Trump didn’t invent this strategy. It’s the playbook for democratically elected leaders who want to stay in power forever.

The tariffs aren’t economic policy. They are political weapons.

But as long as we see this clearly, we can stop him. Public mobilization is working. Today, a few Republicans joined Democrats to vote against one set of tariffs.

The people still have the power.

Sounds like what Trump was saying, during covid. He said it was a tool to close down democracy and have a one world order and covid was put in place to control the taking away of our freedoms.
I think he gets far to much credit for having a plan and it easier just to call him a coward and bully.
 
Is there a reason Russia isn't on the list?

Russia

Despite Trump being 'p****d off' with Russian President Vladimir Putin's comments about Ukrainian leader Volodymyr Zelenskyy, the pair are reportedly still in comms.

And as to why Russia has been kept off the latest list?

Well, Treasury Secretary Scott Bessent noted to Fox news Russia is 'sanctioned' as a result of it invading Ukraine and so the US doesn't 'trade with' it or Belarus.

Countries such as Cuba, Belarus, and North Korea didn't make Trump's list either, because the US already has harsh measures in place for them too.

A White House official told The New York Times: "These countries already face extremely high tariffs and our previously imposed sanctions preclude any meaningful trade with them."
 
Who holds all the cards?

“The commission is also facing questions over whether it will invoke for the first time the EU’s anti-coercion law, which gives the bloc wide leeway to impose trade and investment restrictions on a foreign government deemed to be using trade as a weapon.

This law could, in theory, allow the EU to revoke banking licences for large US banks, cancel US intellectual property rights in Europe and block US companies from bidding for European government contracts.”
 
Bookkeeping error, just like the great, poor Al Capone... 🤦‍♂️

Lots of it going on though and as the judge who investigated said, "Le Penn made no personal gain from what happened".
No problem at all with calling all corruption out, but if a trial is used politically to get rid of the opposition, when usually these cases don't end up in national court, then that would mean that there is no separation of power between the state and judiciary system, which is against EU law.
The law has to be the same for all, not used to get rid of the opposition. I am not sure that this has happened here, but I don't think this saga has finished yet.



 
A trial wasnt used to get rid of the opposition, it was used to determine guilt.

And it is the same for all - people like Chirac, Sarkozy have also been found guilty of similar charges. And I didnt hear howls of 'They're undermining democracy' then.

Le Pen fucked around, and now shes found out.
 
A trial wasnt used to get rid of the opposition, it was used to determine guilt.

And it is the same for all - people like Chirac, Sarkozy have also been found guilty of similar charges. And I didnt hear howls of 'They're undermining democracy' then.

Le Pen fucked around, and now shes found out.

Chirac and Sarkozy didn't go to court for embezzling EU funds, which usually gets delt with by the EU. There are important politicians in France, who are opposed to Le Penn and they say the trial should never have happened.
I have no problem with the verdict, if it is the same for everyone, which according to euronews.com, is not the case. They say only a few of many cases go to court.


Misuse of funds intended to pay MEPs’ assistants has been fairly widespread in the last years, but few episodes land in court cases.​

 
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On the basis that it says reciprocal US tariffs which have been proven to be absolute fiction I’d guess that the chart shown is not correct.
This is it. Loads of false information floating about. Hard to know what is right.
 
Excuse my basic bitchness here, but if we're at 10% and the EU is at 20%, isn't that good for us?
 
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