Trump did not give anything in return for Israel taking off all tariffs on U.S. imports. Since he won’t even compromise when Israel caves, I fail to see other negotiations on tariffs succeeding. But who knows? Maybe Trump will change his mind if stocks keep going down.
DJT also humiliated Netanyahu with what can be interpreted as soft holocaust denial:
The Israeli press seems to think Trump wants more concessions, specifically ones that lead to closing the deficit.
The Israeli delegation specifically mentioned a few things that Trump seemed interested in, including shifting the Israeli market from buying Chinese electric cars (which are currently very popular) towards American ones.
But Israel is a small country, with a relatively small deficit with the US. I have no idea what he expects other countries, especially big ones or ones with a massive deficit, to do to appease him.
His brain being complete mush is the most charitable interpretation one can take.
Trump responded by giving his “We’ve been ripped off” line, quoting an amount for U.S. foreign aid to Israel (almost all for purchasing weapons made in America, I believe).
Of course, the trade balance is determined by the decisions of individual consumers and businesses in the U.S. and Israel, so Netanyahu was promising something he cannot deliver. But my point is that the Israelis caved, and it wasn’t enough.
Gotcha - this is the second time Netanyahu is caving which is why I was confused by what you meant. Israel had some small tariffs on specific goods whose targets included the US. Netanyahu removed those tariffs a while back, supposedly with Trump’s agreement that he would not tariff Israel in exchange; but then he did anyways. Now it seems like wants to see imports of electric cars and other products actually increase before he renegotiates the tariffs.
He can put various incentives in place to make it easier to import American cars. He doesn’t have have to tariff China to do it - Israel has a monumentally high tax paid on the purchase of new vehicles, almost 100% the price of the car. He could slash that for American electric car imports to make them competitive with Chinese cars.
I don’t think there’s really a lot of questions about the “legitimacy” of Trump’s claims that all his big billionaire friends support his tariffs – in fact, there appears to be no question at all …
In other news – no cite, this was just some clickbait that flashed by – Trump is apparently having a meltdown about the reactions to his idiotic and ruinous tariffs.
In still other news, because of tariffs Volkswagen’s Audi division is holding 37,000 Audis that have been shipped to the US in inventory while it figures out what to do with them. It sure as hell isn’t going to try to sell them at the current tariff rates. As the global economy starts to fall apart, so is the whole supply chain, while the Orange Felon’s dementia apparently grows deeper.
Forgive me for quoting the consistently unreliable right-obsessed Daily Fail, but this does seem to have some substance to it:
Newsmax host Jon Glasgow expressed his shock at the effects President Donald Trump’s tariffs are having on his retirement savings.
‘I looked at my 401(k) and gasped,’ Glasgow said during an interview with former Sen. Rick Santorum on his show.
Glasgow highlighted a clip of Treasury Secretary Scott Bessent urging Americans not to look at the ‘day to day fluctuations’ of the stock market.
‘Do you think that a lot of Americans are gonna give the Trump administration this grace period here while they trust in his plan?’ he asked.
It’s moderately interesting to see MAGAts suddenly start to melt down when, in the immortal words of Martin Niemöller, “… there was no one left to speak out for me”.
Nobody really knows. It’ll be a game of chicken to see who blinks first. If it were just China vs. a competent, focus US government, I’m sure the US could extract quite a few concessions. But what we have is an idiot man-baby Trump who has started a war with pretty much everyone except Russia, Cuba, and North Korea. It seems likely that other countries will form coalitions for survival, and Trump will face pressure from Americans who are getting destroyed in the stock market.
I’m sure Trump is thinking “tax cuts will fix this” or “rate reductions will fix this”. I expect we’ll see both - he’ll ram through a tax cut, which is the only purpose the lizard-brain GOP understands, and he’ll also fire Fed committee members until he gets the rate cuts he wants. Then inflation spikes and the real fun begins.
Every word Trump utters is not a lie. I can believe that he talked to billionaires who subtly implied there were problems afoot but do not dare cross him — especially to his face.
I have to wonder if Trump ever sees any of the news stories in which people are ripping him for his tariffs, and other stupid ideas. We know he’s got that one weird staffer who follows him around with printouts of stories that praise him, but is there also an effort to prevent him from seeing any negativity?
I mean, I’ve already seen several stories this week where CEOs and other rich people are tearing into him, but does any of that make it to Trump? Or does he only ever see the face-to-face grovelling?