Posted on 04/02/2025 6:58:30 AM PDT by Navy Patriot
President Donald Trump has kept everyone guessing regarding the extent of the tariffs he is expected to unveil Wednesday, but the message from the White House is consistent: If you do business in the U.S., you won't need to pay anything.
Trump has referred to Wednesday as "Liberation Day" because the U.S. no longer will be taken advantage of through unfair trade imbalances with other countries. He has scheduled a "Make America Wealthy Again" news conference for 4 p.m. ET in the Rose Garden at the White House.
"I don't want to get ahead of the president," White House press secretary Karoline Leavitt told reporters Tuesday. "This is obviously a very big day. He's with his trade and tariff team right now, perfecting it to make sure this is a perfect deal for the American people and the American worker, and you will all find out in about 24 hours from now.
"A tariff will be attached on these foreign nations, these foreign companies, and if they want to be absolved of that tariff, then they can come here to the United States of America to do business, bring their jobs here."
(Excerpt) Read more at newsmax.com ...
Democrats, the Party Of Slavery, will no longer face no opposition to their policy of Slavery.
“A 20% flat tariff rate on all imports, which officials said could raise more than $6 trillion in revenue, according to ABC News.
Reciprocal tariffs on barriers countries impose on U.S. products. Countries that strike deals with the U.S. won’t be hit with tariffs.”
Just a question. Reciprocal tariffs would mean a country taxes our products at 10% so we will tax theirs at 10%. But if we have a 20% flat tariff we have a rate 10% higher. How is this reciprocal? (I’m not a finance or tax person)
Trump seems to believe that tariffs result in only winners and no losers, that we can win a trade war against the whole world. Sorry, but if we try to consume only what we produce in our own borders, we will be liberated only into poverty.
Markets are crashing?
Every nation on Earth imposes tariffs with the exception of three or four inconsequential countries that most people have never heard of. If they’re so destructive, apparently these other nations are unaware of that “fact.”
I understand the contemporary “conventional wisdom” on this, but that point of view presupposes (wrongly) that we have anything resembling a truly free market. As I said, other countries have no qualms at all about using tariffs to restrict certain imports to their countries, or to effect other political objectives against the U.S. It is therefore absurd to act as if there is anything resembling a free market out there; it’s heavily manipulated. Trump is merely trying to (finally, after so many years of the U.S. being taken advantage of) level the playing field.
And he also understands that access to the American consumer, the most lucrative market in the world, is actually a product in and of itself. In fact, it is arguably the most valuable product on the planet. As such, that access should command a commensurately high price, especially from foreign nations that want to sell to us all day, but block our products from being sold to them.
Time for those countries to get a forced “attitude adjustment.”
Nope. Opened lower, but have since been steadily rising as we approach the announcement.
US history form 1789 to 1950 says otherwise. You should join the Democrats, the are all anti tariff. All of them.
Maybe becsause it is true?
The opposite is also true, no US import tariffs in a protectionist world leads to winners and losers, for sure. We have seen that played over the last 3 decades.
Outlaw and Punish Socialist Theft, Install a Moral Free Market, and America will build a Civilization and Standard Of Living superior to the rest of the world combined.
Some members of congress are doing a little Insider Trading, as usual.
Sorry, but if we try to consume only what we produce in our own borders, we will be liberated only into poverty.
......
US history form 1789 to 1950 says otherwise. You should join the Democrats, the are all anti tariff. All of them.
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A misreading of history. In its earliest years, our economy was far less dependent on trade than it is now. Even then, tariffs contributed to depressions, as happened with the Hawley-Smoot tariff in the late 1920’s. If we want economic growth, we need tax and regulator relief and lawsuit reform, not a trade war with the rest of the world.
Hey you have famous company. Your hero Marx was a Free Traitor™ too!
"But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade."
--Karl "the beard" Marx
Wall Street hates uncertainty
....will wait to find out in 24hrs, he will announce upon market closing today the details I guess
True.
Supposing I want to buy a new car and prefer those made in Japan which time and time again are proven to be among the most reliable cars on the market. Trump is saying that if I do, I’ll have to pay a penalty, an extra amount, some say $10,000 more, for my new car than the manufacturer’s original price.
The Democrats say you can only buy electric cars. Trump says I will pay an enormous penalty to buy a Japan-made car, that I must buy, instead, some piece of American junk like my friend’s Ford Escape, a 2019 model that suffered a coolant leak into the engine resulting in the need for a complete engine replacement in a car that had less than 60,000 miles on the odometer. The warranty had expired, by the way, so she’s stuck with leasing a car because she can’t afford to pay for a new engine or a new car.
Now, how am I further ahead under Trump and his tariffs? My choice of a new automobile is now subject to his whims. I’m no better off than I would have been under the Democrats’ electric car mandates. My freedom of choice for a major purchase has been eliminated by the stroke of his pen.
I’m going to make a prediction here. The Republicans are going to lose the House in the midterm elections. Trump suggesting he’s planning for a third term; the spats with Greenland, Canada, and everyone else on the planet; the gold cherubs now decorating the Oval Office; the original Declaration of Independence hanging on the wall in the Oval Office behind curtains to try to prevent its fading; the fact that his executive orders are like messages written in sand on the beach as the tide rolls in; the promotion of a billionaire who laughs as he brags about firing people—none of this bodes well for Trump, his programs, or the Republicans.
I voted for this guy three times but he’s blowing it. What else is new from the stupid party?
You’re missing a lot or intentionally misleading. Time is short so I’ll post one simple example:
The “Japan-made” car you want is made in Ohio, Mississippi, Tennessee, or maybe you want a Texas-made Tundra. All tariff-free.
Thanks for playing and before you try again perhaps read up on what the tariffs in Trump45 did in real practice.
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