Woohoo! Rand Paul has guns blazing. Whuda think it!? Yay!
And Chris Murphy has also hit the nail on the head. Trump is doing it to have kingly powers over taxes. The senate has broken. Sadly there is not much hope of the house doing the same.
Thanks to MSN for serving Raw Story and Alternet stories. “Dangerously Naive” is the title of the article quoting Chris Murphy. Like Fox News for the rest of us, but without the propaganda and lies, as far as I can tell.
'Dangerously naive': Lawmaker flags Trump's ulterior motive for 'new super dangerous tool'
Donald Trump has an ulterior motive for enacting his controversial tariff policy, but there is a way that opponents can fight back, according to Democratic Senator Chris Murphy. Murphy, who represents Connecticut, said in the wake of Trump's major trade war escalation that "those trying to...www.rawstory.com
Is that still the official?/r/wallstreetbets should be fantastic reading today when the markets open
Nope. Whether Trump is sucking up to vladdy daddy and/or he's doing what the Russians are paying him to do, who knows.BTW Russkies seem exempt from tariffs.. anyone find that odd?
GME gorilla hands gonna keep the economy afloat all by themselves./r/wallstreetbets should be fantastic reading today when the markets open
Will be interesting to see which companies/industries bend the knee for tariff relief.
My guess is it will be all or nearly all of them. Much like what you're seeing with all the big law firms and big universities. Some companies will have to, simply to survive.
Like Chris Murphy said, anyone slamming the tariffs as bad policy don't understand the intent.
Well played, Trump, well played. This is what total victory looks like.
You have to remember this clown has only one setting and that is ‘10,000 years of darkness, crushed under the Republican boot’.I dunno.. I have a strange feeling those multi-national companies care about money and there's a lot more money to be made with 97% of the world's population as a market vs 3% of the world's population.
That's why they de-industrialized the US anyways and went where ever it was more profitable.
Don't be surprised if they ditch America for greener pastures and setup offices in low tax havens!
And that's coincidentally how you erase valuations from the S&P500.. those S&P 500 companies no longer being American companies so they have to come off. What'll be the highest valued company then?? Tesla??
You have to remember this clown has only one setting and that is ‘10,000 years of darkness, crushed under the Republican boot’.
As I’ve said before he’s the Peter Schiff of political predictions. I still remember after the 2008 crash there were all these ‘Peter Schiff was right videos’ that ignored essentially every prediction he had made before (and now, since!) was wrong. It’s essentially always betting on 15 on the roulette wheel and when it eventually lands on 15 bragging about how you’re psychic.
I imagine the world is looking at the China/Mexico playbook right now. Either ‘cave’ by pledging to do things you’re already doing like Mexico or make promises to do things and then just not do them like China.While you're right and I'm not convinced about him being right.. it's funny how only the intellectual and educated world understands this is madness while the uneducated MAGA clowns believe this is the way to Jesusland!
There doesn't seem to be any off ramp for any of these other countries and all they have to do is shut off the market to American companies and these multi national companies suffer a lot more than MAGA.
And guess what.. they have the money and the willpower to do this as opposed to bending the knee:
View attachment 121229
I imagine the world is looking at the China/Mexico playbook right now. Either ‘cave’ by pledging to do things you’re already doing like Mexico or make promises to do things and then just not do them like China.
People forget what happened last term. Remember all those trade negotiations with China that Trump declared victory about? China just ignored them and Trump didn’t make a peep.
Doing more than de minimum here doesn’t make much sense because the US can’t be trusted to follow through on its commitments. This is why Trump can never make deals - everyone knows they are worthless.
He's also imposed some of the highest tariffs on some of the poorest (and most crisis-torn) countries, like Sri Lanka and Cambodia. Not sure if that's just the logic of the bonkers methodology he used for calculating tariff rates, or if (as someone suggested) he's targeting countries that have had investment by China. The outcome seems likely to be those countries moving closer to China, though. Why would anyone want to be allied to a country run by an irrational despot (when they could go with a rational despot)?
In a similar spirit, surely it's time for the UK to kick the US out of its airbases here? Why are we acting as an airstrip for a hostile nation?
Apparently those bases are "leased". Not sure if that means it's hard to legally terminate the arrangement, also not sure if that means the US is paying rent for them. If not we should start charging, as Trump is so 'transactional', lets put it on a fully commercial basis (with rent charged retrospectively).
It will get worse, Trump will go the iranian path and make the citizenship impossible to lose.God I hate this stupid country. Already considered US citizenship a curse from birth back when Biden was president but now it feels like an early death sentence since we're surely going into another Great Depression.
Euro defense ETF and a clean energy ETF, along with treasury ETFs, are the only green items on my watch list today. Like I said, woke move
It will get worse, Trump will go the iranian path and make the citizenship impossible to lose.
DETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump’s new round of 25% automotive tariffs that took effect Thursday.
The downtime includes two weeks at the automaker’s Windsor Assembly Plant in Ontario, Canada, and the entire month of April at its Toluca Assembly Plant in Mexico. Both start Monday.
The actions will result in temporary layoffs of roughly 900-U.S. represented employees in addition to roughly 7,000 other employees at the assembly plants.
The Canadian plant produces the Chrysler Pacifica minivan and the recently released Dodge Charger Daytona EV. The Mexico plant produces the Jeep Compass SUV and Jeep Wagoneer S EV.
You do not lose your citizenship if you lose your passport in another country. You have to renounce it in person.To lose your citizenship is super easy.. go to another country and lose your passport or drop it off at a US embassy.
It's actually getting citizenship of another country that's a shit ton harder.
I saw this posted elsewhere and it's totally accurate. Trump literally thinks that when you go to the grocery store and spend $50 on groceries you have now run a trade deficit of $50 with the grocery store.Yes, the real explanation for all of this is that Trump thinks the US trade balance with the entire world should at least zero out if not be positive. Tho we hit the Australians with a tariff even though we do have a positive trade balance with them because Trump is a moron of gargantuan proportions and thinks their VAT is a tariff.
The world can definitely do without those particular vehicles.North American auto sector implosion commencing.
https://www.cnbc.com/2025/04/03/stellantis-idles-plants-in-mexico-and-canada-due-to-tariffs.html
North American auto sector implosion commencing.
https://www.cnbc.com/2025/04/03/stellantis-idles-plants-in-mexico-and-canada-due-to-tariffs.html
Or he knows and wants to depend on Russia with lower standards to buy it cheap.I saw this posted elsewhere and it's totally accurate. Trump literally thinks that when you go to the grocery store and spend $50 on groceries you have now run a trade deficit of $50 with the grocery store.
It is really difficult to overstate just how stupid these people are.
I saw this posted elsewhere and it's totally accurate. Trump literally thinks that when you go to the grocery store and spend $50 on groceries you have now run a trade deficit of $50 with the grocery store.
It is really difficult to overstate just how stupid these people are.
I liquidated my brokerage account a few months back to purchase a new home and man am I glad I did.
I have this horrible trade imbalance with the grocery store. They keep taking my money for food and don't buy anything from me.Yes, the real explanation for all of this is that Trump thinks the US trade balance with the entire world should at least zero out if not be positive. Tho we hit the Australians with a tariff even though we do have a positive trade balance with them because Trump is a moron of gargantuan proportions and thinks their VAT is a tariff.