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  • People imagined that Trump would be good

    From JAB@21:1/5 to All on Fri Jan 31 21:14:51 2025
    Trump tariffs will cost U.S. households $830 a year, study says

    President Trump's planned tariffs could effectively tax the average
    U.S. household an extra $830 this year, an analysis from the
    nonpartisan nonprofit Tax Foundation finds.
    ...
    ...
    Zoom out: The Tax Foundation previously found that both Trump's and
    Biden's tariffs raised prices, reduced output, lowered employment and
    produced a "net negative impact on the U.S. economy."

    https://www.axios.com/2025/01/31/trump-tariffs-mexico-canada-taxes

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to JAB on Sat Feb 1 12:50:36 2025
    On Fri, 31 Jan 2025 21:14:51 -0600, JAB <here@is.invalid> wrote:

    Trump tariffs will cost U.S. households $830 a year, study says

    It could be worse:

    Text PIC

    <https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:nvfposmpmhegtyvhbs75s3pw/bafkreiao4qo2rkzzfymbsx6o37kjw2uwizzryo7ffhxs5ne3el67uzzn6i@jpeg>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to adhellman1@gmail.com on Sat Feb 1 17:58:40 2025
    On Sat, 1 Feb 2025 16:21:03 -0500, Auric Hellman
    <adhellman1@gmail.com> wrote:

    I'm not an economist, so maybe someone can explain to me how Americans >benefit from these tariffs? I see it as a lose/lose proposition

    $Trump tokens - "94 percent of the tokens were purchased by around 40 "whales," large buyers holding more than $10 million worth of the
    coins."

    T-Borg can make exemptions to these tariffs for an affected company.
    So if the $Trump tokens have other whales buying them, which have no
    intrinsic value, it may be clear who is pinching these companies.

    Footnotes - This "game" was played in Trump 1.0 on a smaller scale.
    Trump signed the United States-Mexico-Canada Agreement (USMCA), which
    entered into force on July 1, 2020. It is said he is in violation now

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From D@21:1/5 to Auric Hellman on Sun Feb 2 11:19:27 2025
    On Sat, 1 Feb 2025, Auric Hellman wrote:

    On 2/1/2025 1:50 PM, JAB wrote:
    On Fri, 31 Jan 2025 21:14:51 -0600, JAB <here@is.invalid> wrote:

    Trump tariffs will cost U.S. households $830 a year, study says

    It could be worse:

    Text PIC

    <https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:nvfposmpmhegtyvhbs75s3pw/bafkreiao4qo2rkzzfymbsx6o37kjw2uwizzryo7ffhxs5ne3el67uzzn6i@jpeg>


    I'm not an economist, so maybe someone can explain to me how Americans benefit from these tariffs? I see it as a lose/lose proposition

    This is the truth on the surface and according to economic science.
    However! Trumps tariffs are a bargaining chip he uses to get other
    concessions from countries. They will be in force for a while, until he negotiates excellent deals for the US with the help of his excellent book
    the art of the deal!

    People and the media think that Trump is stoopid and loves Tariffs. They
    do not understand the art of the deal. =)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to adhellman1@gmail.com on Sun Feb 2 04:48:42 2025
    On Sat, 1 Feb 2025 16:21:03 -0500, Auric Hellman
    <adhellman1@gmail.com> wrote:

    I see it as a lose/lose proposition

    Canadian Liberal Party leadership contender calls for 100% tariff on
    Teslas
    ==============
    Canada puts Trump's 'first friend' Elon Musk's Tesla in the crosshairs
    of tariff war

    https://www.businesstoday.in/world/canada/story/make-them-pay-canada-puts-trumps-first-friend-elon-musks-tesla-in-the-crosshairs-of-tariff-war-463097-2025-02-01

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to adhellman1@gmail.com on Sun Feb 2 04:45:49 2025
    On Sat, 1 Feb 2025 16:21:03 -0500, Auric Hellman
    <adhellman1@gmail.com> wrote:

    I see it as a lose/lose proposition

    Goldman Sachs, Jan 21: "Despite Trump's comments that the 25% tariff
    will be implemented in 10 days, we continue to believe the odds of a
    25% tariff on Canada and Mexico are low (20%)."

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to nospam@example.net on Sun Feb 2 04:38:01 2025
    On Sun, 2 Feb 2025 11:19:27 +0100, D <nospam@example.net> wrote:

    Trumps tariffs are a bargaining chip he uses to get other
    concessions from countries.

    If US Court(s) can not settle this issue (do note Trump signed this
    agreement), then if Canada and Mexico worked together, they could make
    Trump do an about face....and eat his crow.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From D@21:1/5 to JAB on Sun Feb 2 22:06:04 2025
    On Sun, 2 Feb 2025, JAB wrote:

    On Sun, 2 Feb 2025 11:19:27 +0100, D <nospam@example.net> wrote:

    Trumps tariffs are a bargaining chip he uses to get other
    concessions from countries.

    If US Court(s) can not settle this issue (do note Trump signed this agreement), then if Canada and Mexico worked together, they could make
    Trump do an about face....and eat his crow.


    This is not possible, given Trumps enormous power and charisma! Let us
    wait and see. You will be impressed by the genius of Trump, I'm sure!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to nospam@example.net on Sun Feb 2 18:24:40 2025
    On Sun, 2 Feb 2025 22:06:04 +0100, D <nospam@example.net> wrote:

    You will be impressed by the genius of Trump, I'm sure!

    How Donald Trump Bankrupted His Atlantic City Casinos


    Why Donald Trump's Companies Went Bankrupt
    Details About the 6 Trump Corporate Bankruptcies


    5 Ways the Trump Administration's Policy Failures
    "Trump as a Constitutional Failure"

    What Trump's Trade War Would Mean, in Nine Charts

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From D@21:1/5 to JAB on Mon Feb 3 22:46:47 2025
    On Sun, 2 Feb 2025, JAB wrote:

    On Sun, 2 Feb 2025 22:06:04 +0100, D <nospam@example.net> wrote:

    You will be impressed by the genius of Trump, I'm sure!

    How Donald Trump Bankrupted His Atlantic City Casinos


    Why Donald Trump's Companies Went Bankrupt
    Details About the 6 Trump Corporate Bankruptcies


    5 Ways the Trump Administration's Policy Failures
    "Trump as a Constitutional Failure"

    What Trump's Trade War Would Mean, in Nine Charts


    All part of the plan. He's a billionaire and the president. Now what did
    you achieve?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to nospam@example.net on Mon Feb 3 19:01:12 2025
    On Mon, 3 Feb 2025 22:46:47 +0100, D <nospam@example.net> wrote:

    Now what did you achieve?

    Just an understanding of Nirvana !

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Michael Trew@21:1/5 to JAB on Thu Feb 13 17:59:30 2025
    On 1/31/2025 10:14 PM, JAB wrote:
    Trump tariffs will cost U.S. households $830 a year, study says

    President Trump's planned tariffs could effectively tax the average
    U.S. household an extra $830 this year, an analysis from the
    nonpartisan nonprofit Tax Foundation finds.
    ...
    ...
    Zoom out: The Tax Foundation previously found that both Trump's and
    Biden's tariffs raised prices, reduced output, lowered employment and produced a "net negative impact on the U.S. economy."

    https://www.axios.com/2025/01/31/trump-tariffs-mexico-canada-taxes

    Lucky for my household, we buy almost everything second-hand, save
    groceries and toiletries. Tariffs won't hit us hard, but it may be
    rough for many. Best of luck to him, but Trump will have to learn the
    hard way that his tariffs won't bring back US industry, at least not
    like he hopes... He's just hurting the consumers.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to michael.trew@att.net on Thu Feb 13 19:34:19 2025
    On Thu, 13 Feb 2025 17:59:30 -0500, Michael Trew
    <michael.trew@att.net> wrote:

    but Trump will have to learn the
    hard way that his tariffs

    We can't evaluate his private thinking...his public speak is not
    something one would want to trust.

    I believe his tariff sales pitch is false rhetoric. It's the higher
    US wages that brought about the "rust belt" during/after Reagan era,
    and US workers can't exist on Mexican/etc wages.

    Tidbit - I heard the other day a good Mexican wage per day was the
    same per hour for an US worker....say, $20.00/day vs $160.00/day

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to michael.trew@att.net on Fri Feb 14 11:29:54 2025
    On Thu, 13 Feb 2025 17:59:30 -0500, Michael Trew
    <michael.trew@att.net> wrote:

    Trump......US industry

    Politics - Trump Tells European Allies to Buy US Weapons to Maintain
    NATO

    Are CEOs in the armament industry members of T-Borg's golf clubs, or
    who gave large sums to Rs' election campaigns?

    his tariffs won't bring back US industry

    As noted, US workers can't survive economically on say a $8.00/day
    wage. So, just more BS rhetoric

    What they can do, say for steel/aluminum industries, is raise prices
    so these US industries profit more (as they did in Trump 1.0)

    The other day I believe a Ford spokesperson came out and said these
    metal tariffs could in effect bankrupt the auto industry.

    Anytime there is a change in something, there are consequences. Make
    US workers poorer, then fewer "toys" are bought, for instance.

    US government for years has supported in various ways corporations to
    do this/that, or providing research which increases their profits.
    Currently, Rs & T-Borg are supporting oil/gas industries rather than
    Green Energy, which will cause a decrease in employment and sales.

    Consequences, the T-Borg does not care...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)