Trumpwatch 2.0

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The U.S. Military has struck Islamic State operatives in Somalia marking the first attack in the country under Trump.

Meanwhile after a meeting between Venezuelan President Maduro and a Trump Envoy 6 Americans are being released.

[bmw]

...Trump and his cronies continue to insist the country being tariffed pays the price and not the importer at the port of entry.

Who specifically is making this assertion? Do you have any links/quotes?

I am mystified by how many of his supporters accept this clearly incorrect line of thought and make fun of those warning of these obvious repercussions. Undoubtedly they’ll start paying higher prices and not flinch on their support. It’ll become patriotic to do so or something.

So can I by the same token make fun of those who support higher corporate tax rates? Those who scream TAX THE EVIL RICH CORPORATIONS!!!!? Biden had been wanting to raise the corporate tax rate from 21 to 28 percent. Are all the trade war critics also out there warning of the repercussions of raising corporate taxes? Namely - that they mostly just get passed on to the consumer? Or how about pointing to Trump's proposal to cut the corporate rate to 15%? What Trump is trying to do here is to incentive making more stuff here at home. Also note that this lowers our trade deficit, hence raising the GDP. Tariffs are just one part of that larger puzzle.

[Bull Shannon]

...Trump and his cronies continue to insist the country being tariffed pays the price and not the importer at the port of entry.

Who specifically is making this assertion? Do you have any links/quotes?

Trump himself has insisted that the exporter pays the tariffs, even when pushed back on it. There are plenty of interviews quoting him on it.

[bmw]

The media repeatedly takes Trump's comments out of context, so I'd like to see just one example. If it happens all the time then one should be easy to find. I'm not saying it didn't happen - I just can't find one on my own searching.

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The media repeatedly takes Trump's comments out of context, so I'd like to see just one example. If it happens all the time then one should be easy to find. I'm not saying it didn't happen - I just can't find one on my own searching.

Fine...

“We’re going to be a tariff nation. It’s not going to be a cost to you. It’s going to be a cost to another country,” Trump told supporters at a Wisconsin campaign rally in September.

“I’m not raising your taxes. I’m raising China and all of these countries in Asia and all over the world, including the European Union by the way, which is one of the most egregious,” he assured the crowd. “And they’re going to have to pay a price now because we’ve been supporting them for a long time and it’s no longer sustainable.”

“She (Harris) is a liar. She makes up crap … I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country,” Trump said.

In September, he repeated the claim during an interview with Fox News: “It’s not a tax on the middle class. It’s a tax on another country.”

And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be a cost to another country.”

Vance said in late August that as a result of tariffs Trump imposed during his presidency, “prices went down for American citizens.” “They went up for the Chinese but they went down for our people,” Vance added.

https://www.cnn.com/2024/09/09/politics ... index.html
https://www.factcheck.org/2024/11/trump ... a-tariffs/

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Meanwhile in December...

Trump has threatened broad trade penalties, but said he didn’t believe economists’ predictions that added costs on those imported goods for American companies would lead to higher prices for U.S. consumers. He stopped short of a pledge that U.S. households won’t be paying more as they shop.

“I can’t guarantee anything. I can’t guarantee tomorrow,” Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market.

That’s a different approach from Trump’s typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation.

In the interview, Trump defended tariffs generally, saying they are “going to make us rich.”

He has pledged that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada unless those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also has threatened additional tariffs on China to help force that country to crack down on fentanyl production.

”All I want to do is I want to have a level, fast, but fair playing field,” Trump said.

[teetoppz28]

The media repeatedly takes Trump's comments out of context, so I'd like to see just one example. If it happens all the time then one should be easy to find. I'm not saying it didn't happen - I just can't find one on my own searching.

Fine...

“We’re going to be a tariff nation. It’s not going to be a cost to you. It’s going to be a cost to another country,” Trump told supporters at a Wisconsin campaign rally in September.

“I’m not raising your taxes. I’m raising China and all of these countries in Asia and all over the world, including the European Union by the way, which is one of the most egregious,” he assured the crowd. “And they’re going to have to pay a price now because we’ve been supporting them for a long time and it’s no longer sustainable.”

“She (Harris) is a liar. She makes up crap … I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country,” Trump said.

In September, he repeated the claim during an interview with Fox News: “It’s not a tax on the middle class. It’s a tax on another country.”

And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be a cost to another country.”

Vance said in late August that as a result of tariffs Trump imposed during his presidency, “prices went down for American citizens.” “They went up for the Chinese but they went down for our people,” Vance added.

https://www.cnn.com/2024/09/09/politics ... index.html
https://www.factcheck.org/2024/11/trump ... a-tariffs/

The mic has been fucking DROPPED!

[bmw]

Mic drop? LOL, I acknowledged he may have said it, just said I couldn't find it. Thank you RT for tracking down some of the quotes.

Trump certainly should be using different language here. Accurately, it should be described as a tax on any American company that imports goods from certain places overseas. Rhetorically, Trump should be characterizing it, combined with a reduction in corporate taxes, as an incentive for American companies to start manufacturing more stuff here. Because the studies I've seen cited regarding higher costs to the end consumer - are those based on a status quo corporate tax rate? Or a 15 percent rate? Because I would argue that reducing the corporate tax rate to 15 percent would offset a lot of that. Because if it costs a corporation more to produce a product here than overseas, but the tariff ends up actually making it cheaper to do that here, then what is going to happen is there will be no tariff paid at all since the corporation simply stops buying that product or good from overseas. The increased cost then comes from increased production cost here in the USA, but with a lower corporate tax rate in the end, that all pretty much just washes out. Except now because the product is made here instead of being imported, that adds to our GDP.

[teetoppz28]

Mic drop? LOL, I acknowledged he may have said it, just said I couldn't find it. Thank you RT for tracking down some of the quotes.

Trump certainly should be using different language here. Accurately, it should be described as a tax on any American company that imports goods from certain places overseas. Rhetorically, Trump should be characterizing it, combined with a reduction in corporate taxes, as an incentive for American companies to start manufacturing more stuff here. Because the studies I've seen cited regarding higher costs to the end consumer - are those based on a status quo corporate tax rate? Or a 15 percent rate? Because I would argue that reducing the corporate tax rate to 15 percent would offset a lot of that. Because if it costs a corporation more to produce a product here than overseas, but the tariff ends up actually making it cheaper to do that here, then what is going to happen is there will be no tariff paid at all since the corporation simply stops buying that product or good from overseas. The increased cost then comes from increased production cost here in the USA, but with a lower corporate tax rate in the end, that all pretty much just washes out. Except now because the product is made here instead of being imported, that adds to our GDP.

That was the definition of a mic drop moment. You stated you couldn’t find a single quote and he gave you seven in a few minutes time… just take the L here, man.

[bmw]

So am I to take it that nobody here wants to actually discuss the merits of tariffs and corporate tax rates and using them both as tools to to both incentivize the production of more goods in the USA, and consequently, increase our GDP? I'm going to assume that I must not be too far off base here since nobody has yet to actually criticize my arguments here.

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So am I to take it that nobody here wants to actually discuss the merits of tariffs and corporate tax rates and using them both as tools to to both incentivize the production of more goods in the USA, and consequently, increase our GDP? I'm going to assume that I must not be too far off base here since nobody has yet to actually criticize my arguments here.

Well I’ll take a stab… he doesn’t say how he is going to get companies to bring things back. Just this child-like fixation on implementing the tariffs and a significant lack of acknowledgment of what the equal and opposite reaction of higher prices will be… increases on us. He seems to be using them as an incentive to the other countries to curb drug activity and things but that seems ineffective since they aren’t paid by the countries. He may have a good idea but his use of it is wrongheaded and lacks much mention of incentivizing companies to make things here again by making it rather distasteful financially for them to do otherwise.

He also could drag corporate CEO’s to the White House and demand in his bully-style that they begin making products here or he will absolutely make them regret importing anything. But he isn’t doing that either.

He kind of has a 2D solution to a 3D problem.

[Turkeytop]

Meanwhile in December...

Trump has threatened broad trade penalties, but said he didn’t believe economists’ predictions that added costs on those imported goods for American companies would lead to higher prices for U.S. consumers. He stopped short of a pledge that U.S. households won’t be paying more as they shop.

“I can’t guarantee anything. I can’t guarantee tomorrow,” Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market.

That’s a different approach from Trump’s typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation.

In the interview, Trump defended tariffs generally, saying they are “going to make us rich.”

He has pledged that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada unless those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also has threatened additional tariffs on China to help force that country to crack down on fentanyl production.

”All I want to do is I want to have a level, fast, but fair playing field,” Trump said.

So when did it become Canada's job to patrol the US border?

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Meanwhile in December...

Trump has threatened broad trade penalties, but said he didn’t believe economists’ predictions that added costs on those imported goods for American companies would lead to higher prices for U.S. consumers. He stopped short of a pledge that U.S. households won’t be paying more as they shop.

“I can’t guarantee anything. I can’t guarantee tomorrow,” Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market.

That’s a different approach from Trump’s typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation.

In the interview, Trump defended tariffs generally, saying they are “going to make us rich.”

He has pledged that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada unless those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also has threatened additional tariffs on China to help force that country to crack down on fentanyl production.

”All I want to do is I want to have a level, fast, but fair playing field,” Trump said.

So when did it become Canada's job to patrol the US border?

His rather simpleton argument is that the people are coming from Canada supposedly so it’s Canada’s job to not let them leave with drugs in tow I think. It’s passing the Buck basically.

[teetoppz28]

So am I to take it that nobody here wants to actually discuss the merits of tariffs and corporate tax rates and using them both as tools to to both incentivize the production of more goods in the USA, and consequently, increase our GDP? I'm going to assume that I must not be too far off base here since nobody has yet to actually criticize my arguments here.

All while the citizens pay more for goods and services for YEARS before any of the possible benefits of a tariff are realized.

But what is tRump doing to lower the price of eggs and gas? Ban pronouns, DEI policies, and non-white culture celebrations. THAT’LL bring those prices and inflation down! LOL!

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Apparently NBC, NPR, the New York Times and Politico have been booted out of their offices at the Pentagon. But don’t worry… moving in will be Breitbart and One America News as well as the New York Post and The Huffington Post which does not have a Pentagon correspondent and didn’t request to have an office.