Posted on 04/03/2025 9:56:31 AM PDT by V_TWIN
During his announcement, the president argued that other countries have maintained hefty tariffs on American goods while expecting the U.S. to keep lower duties on imports. He stated that he would impose “reciprocal tariffs” on other countries, explaining, “They do it to us, we do it to them.”
The governments of the affected nations aren’t happy about the development, as can be expected. Several have already cried foul, speaking out against the new tariffs. China vowed to use retaliatory measures against the U.S.
Europe has also signaled that it would employ countermeasures against Trump’s tariffs. The European Union called Trump’s action a “major blow to the world economy,” CNN reported. Ursula von der Leyen, who heads the EU’s executive arm,” said on Thursday that she “deeply regret[s] this choice.”
(Excerpt) Read more at townhall.com ...
Chinese countermeasure: unemploy their workers.
Those times are over.
It's time to rebalance the global cost model, just like how I rebalance my own portfolio periodically.
-PJ
If the SOBs would merely lower their tariffs on American goods to the same level that we had prior to yesterday, there would be no problem. Well, that and reducing non-tariff barriers to the importation of American goods, again so that there is a level playing field.
But the real “secret“ is that in economics nobody wants to play fair. Everyone wants taxes and regulations to be in their favor, and for everybody else to play according to some idealized set of rules. “Rules for thee and not for me,” it is an old story.
Right. I think we are simpatico on this. We have to take these measures. We are so far in debt we won’t be able to tax our way out of it.
We are going to have to grow our way out of it, and maybe even tax too.
To grow our way out of it, the economy must grow. For the economy to grow, there must be industry. (Service sector jobs will never do it)
To get industry back, we need to make it profitable. Tariffs are one component that is being used to bring industry (jobs) back.
The nations who have treated us unfairly in the past can now be told to live with it,comply & live without it, or we can just take them off the list of countries that we trade with. It’s their choice.
How the World Is Reacting to Trump’s Tariff Announcement.
Companies moving to the U.S. to avoid tariffs trillions dollars and more work.
When plans by the right person work good for all.
What is this “free trade” these harpies are talking about? It wasn’t even trade. It was FREE ACCESS TO US MARKETS.
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