I have seen no evidence of that, cite please?
Ah, the first point (tax revenue) I was aware of, but didn’t consider it even remotely practical (and still don’t, more like yet another self-manufactured “emergency” pretext), but I was unaware of the second. Which… well, why am I not surprised in light of Trump’s treatment and attitude towards the military. Though that’s absolutely more for the Shadenfreude thread.
Thank you for the cites, that clears up my confusion, much appreciated.
Apparently idiocracies aren’t conducive to strong economies …
US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.
The Dow plunged by 2,231 points, or 5.5%. The broader S&P 500 was 5.97% lower. The tech-heavy Nasdaq Composite was 5.82% lower.
The Nasdaq closed in a bear market for the first time since 2022, down more than 20% from its record high in December.
The Orange Peril was also quoted as saying he “couldn’t care less” if car prices rose as much as $10K on average.
It might also be worth paying attention to:
I wonder if there is some degree of malicious compliance going on here. Do some of the staffers who were tasked with drawing up the order know just how silly this is and deliberately tanked it? And Trump would be too stupid/demented to ever realize it.
Doubt it. The person tasked probably was just doing what they were told and/or lacked deep geographical knowledge.I suspect they got their raw data from here, and it shows tiny trade amounts with those islands:
Tiny dollar amounts should have been a signal that there is no real trading relationship.
There will be no negotiating. These tariffs are permanent. And amount to a BIG, BEAUTIFUL DEAL! Haven’t you all noticed how supercharged the US economy is right now?!?!?
Isn’t that in effect what’s done in Alaska with revenues from energy and mineral extraction?
Yes.
Trump is, at the end of the day, just a guy that was gifted wealth by someone who knew how to build it.
He’s the original Welfare Queen and, as such, he thinks that’s the way everyone should live.
But… but… that fund is SOCIALISM!!! How can any right-thinking upstanding patriotic self-reliant Alaskan accept a socialist government handout???
Who wins a trade war ???
As of February 2025, China’s foreign exchange reserves totaled US$3.227 trillion,
United States Foreign Exchange Reserves was measured at 35.2 USD billion in Jan 2025,
Maybe China should call its note
It appears that the ‘’‘’‘plan’‘’‘’ here is that the US government invests in corporations and the American people become something like share holders but don’t confuse that with . . . SOCIALISM!!!
Also today:
Trump signals possible tariff deal with Vietnam
No one knows what the tariff rates will be next year, next month, next week, or tomorrow.
Apparently the difference between Leftist politics and Rightist politics is the letter you put after the name.
Socialism (D) is much different from Socialism (R).
The Very Stable Genius has determined that is how you create a Very Stable Economy.
Anyone else tired of all the winning? We are all going to be multi-millionaires soon.
I’m looking forward to $100,000 loaves of white bread, 'cause you know it’s gonna be so much better than $1.00 loaves of white bread!
@Sage_Rat: Republican are driven by tribalism and dominance displays more than fealty to free-market economics. That’s the through line. Libertarianism in practice was never popular except as a way to preen.
You are adding ideological infrastructure where little is needed. Josh Marshall, gifted:
But the whole theory has a much bigger problem. We all know there is a persistent desire, need, insistence on figuring out the plans behind Donald Trump’s seeming chaos. But that whole enterprise is flawed. There is no more plan here than a giant worm consuming everything in its path has. It eats and it moves forward. That’s all there is. What you have is a man who can only understand relationships through the prism of domination. There’s the dominating and the dominated. And you want to be the first and not the second. He also thinks countries can only be great and rich if you make a lot of heavy industrial products. That’s where the thinking stops. There’s a lot of grievance and a general nostalgia about the 1950s. But that’s really where the thinking stops. There is no thinking really. There’s a set of impulses.
I mean c’mon. Nobody is clear about the underlying plan, and the overwhelming probability is there is no underlying plan, just allegiance to a mad king:
Is the plan to have permanent tariffs? Are these meant as the basis of some kind of negotiation? Are we going to have blanket tariffs as the basis of a system of corruption in which favored industries and companies gain exemptions in exchange for fealty and cash? (So, countries as universities and law firms?) Is the idea just to replace income taxes with tariff income and fundamentally shift taxes to the middle and working classes?
Four possible paths are listed and you can find admin claimants for each one. Eventually we’ll blunder into some combination of the above, but it’s not like it reflects any longstanding ideology, other than a fondness of plutocratic tax cuts and magical thinking that everything will work out.
The business class showed terrible judgment when they lined up behind Trump, indicating that their political judgment was equally terrible in the past, just with less intense consequences on the country and their own wealth.
ETA: We’ll only get hyperinflation if the Federal Reserve is corrupted.
With Messiah Trump that one loaf of $100,000 bread, along with a couple cheap ass fish, will be able to feed at least a couple, maybe up to a dozen people.
Indeed we are. Except that with the inflationary pressures created by ever-escalating tariffs, $1 million will be worth about what $10 is worth today.