• Trump Shoots More Holes In The Floor of His Sinking Boat

    From Greg Taylor@21:1/5 to All on Sun Feb 23 23:29:29 2025
    XPost: alt.fan.rush-limbaugh, alt.atheism, talk.politics.guns
    XPost: or.politics

    More tariffs for you to pay!

    This time on goods from Britain, France, Italy, Spain, Turkey, India,
    Austria and Canada! Trump is wrong of course. The tax is because
    they're getting a free ride on advertising target nation goods and services
    so they need to pay their taxes one way or the other.

    This is like Trump being in a sinking rowboat and blowing holes in the
    bottom of it while saying "I'm punishing these assholes! They're paying
    for it just like Mexico paid for the wall"

    Oh well, don't worry. Look forward to seeing "Made In Russia" on all your goods at the store soon because they'll be the only ones who you won't be paying for tariffs on.


    Trump orders tariffs on digital service tax countries, including Canada - National

    U.S. President Donald Trump has signed a memorandum to impose tariffs on countries that levy digital service taxes on U.S. technology companies, a
    White House official said.

    Another official, providing details of the order, said Trump was directing
    his administration to consider responsive actions like tariffs “to combat
    the digital service taxes (DSTs), fines, practices, and policies that
    foreign governments levy on American companies.”

    “President Trump will not allow foreign governments to appropriate
    America’s tax base for their own benefit,” the official said.

    The memo directs the U.S. Trade Representative’s office to renew digital service taxes investigations that were initiated during Trump’s first term,
    and investigate any additional countries that use a digital tax “to discriminate against U.S. companies,” the official said.

    Trump said last week that he would impose tariffs on Canada and France over their digital service taxes, and a White House fact sheet released at the
    time said that “only America should be allowed to tax American firms.”
    Story continues below advertisement
    Click to play video: 'Trump’s tariffs go global as U.S. president now
    appears to target sales taxes'


    It complained that Canada and France used the taxes to each collect over
    $500 million per year from U.S. companies.


    “Overall, these non-reciprocal taxes cost America’s firms over $2 billion
    per year. Reciprocal tariffs will bring back fairness and prosperity to the distorted international trade system and stop Americans from being taken advantage of,” said the fact sheet. It gave no further details.

    The digital service taxes aimed at U.S. tech giants including Alphabet’s Google, Meta’s Facebook, Apple and Amazon have been a source of trade
    disputes for years.
    Story continues below advertisement

    Britain, France, Italy, Spain, Turkey, India, Austria and Canada have
    imposed the taxes, levied on revenues earned from digital services sold
    within their borders.

    The U.S. Trade Representative’s office during Trump’s first term found them
    to discriminate against U.S. companies and readied retaliatory tariffs.

    President Joe Biden’s trade chief, Katherine Tai, in 2021 followed up on
    those probes and announced 25% tariffs on over $2 billion worth of imports
    from six countries, but immediately suspended them to allow negotiations on
    a global tax deal to continue.

    Those negotiations led to a 15% global corporate minimum tax that the U.S. Congress never ratified. Talks on a second component, meant to create an alternative to the digital taxes, have largely ground to a halt with no

    Trump on his first day in office effectively pulled the U.S. out of the
    global tax arrangement with nearly 140 countries, declaring that the 15%
    global minimum tax has “no force or effect in the United States” and
    ordering the U.S. Treasury to prepare options for “protective measures.”


    A new Trump order could allow USTR’s retaliatory duties to be reactivated.
    They were designed to offset the amount of digital service taxes collected.

    In 2021 USTR said it would impose 25% tariffs on about $887 million worth
    of goods from Britain, including clothing, footwear and cosmetics, and on
    about $386 million worth of goods from Italy, including clothing, handbags
    and optical lenses.

    USTR said at the time it would impose tariffs on goods worth $323 million
    from Spain, $310 million from Turkey, $118 million from India and $65
    million from Austria. USTR separately suspended tariffs on $1.3 billion
    worth of French cosmetics, handbags and other goods.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Chris Ahlstrom@21:1/5 to Greg Taylor on Mon Feb 24 06:48:47 2025
    XPost: alt.fan.rush-limbaugh, alt.atheism, talk.politics.guns
    XPost: or.politics

    Greg Taylor wrote this post while blinking in Morse code:

    More tariffs for you to pay!

    This time on goods from Britain, France, Italy, Spain, Turkey, India,
    Austria and Canada! Trump is wrong of course. The tax is because
    they're getting a free ride on advertising target nation goods and services so they need to pay their taxes one way or the other.

    This is like Trump being in a sinking rowboat and blowing holes in the
    bottom of it while saying "I'm punishing these assholes! They're paying
    for it just like Mexico paid for the wall"

    <brevsnip>

    In 1930, as the United States confronted the Great Depression, the
    Republican-controlled Congress unleashed the infamous Smoot-Hawley Tariff
    Act to insulate American factories and farms from foreign competitors. The
    law imposed steep tariffs on hundreds of products, from sugar to iron.

    Outraged international trading partners responded with their own tariffs on
    American-made goods. Tit became tat, and world trade collapsed,
    intensifying the Depression globally.

    --
    Speak roughly to your little boy, And beat him when he sneezes:
    He only does it to annoy Because he knows it teases.
    I speak severely to my boy, And beat him when he sneezes:
    For he can thoroughly enjoy The pepper when he pleases!
    -- Lewis Carrol, "Alice in Wonderland"

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Mitchell Holman@21:1/5 to Chris Ahlstrom on Mon Feb 24 14:32:58 2025
    XPost: alt.fan.rush-limbaugh, alt.atheism, talk.politics.guns

    Chris Ahlstrom <OFeem1987@teleworm.us> wrote in news:vphmb0$1227k$4@dont-email.me:

    Greg Taylor wrote this post while blinking in Morse code:

    More tariffs for you to pay!

    This time on goods from Britain, France, Italy, Spain, Turkey, India,
    Austria and Canada! Trump is wrong of course. The tax is because
    they're getting a free ride on advertising target nation goods and
    services so they need to pay their taxes one way or the other.

    This is like Trump being in a sinking rowboat and blowing holes in
    the bottom of it while saying "I'm punishing these assholes! They're
    paying for it just like Mexico paid for the wall"

    <brevsnip>

    In 1930, as the United States confronted the Great Depression, the
    Republican-controlled Congress unleashed the infamous Smoot-Hawley
    Tariff Act to insulate American factories and farms from foreign
    competitors. The law imposed steep tariffs on hundreds of
    products, from sugar to iron.

    Outraged international trading partners responded with their own
    tariffs on American-made goods. Tit became tat, and world trade
    collapsed, intensifying the Depression globally.



    At least back then America had factories
    to protect. A Trump tariff on cell phones?
    There are no cell phone factories in the
    US. A Trump tariff on computer monitors?
    There are no monitor factories in the US.
    What industry is he protecting?

    And the biggest outrage is that when
    Trump markets something that CAN be made
    in the US - like Trump Bibles - he exports
    the work to Chinese factories instead.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From The Horny Goat@21:1/5 to All on Thu Mar 13 20:20:01 2025
    On Mon, 24 Feb 2025 14:32:58 +0000, Mitchell Holman <noemail@aol.com>
    wrote:

    And the biggest outrage is that when
    Trump markets something that CAN be made
    in the US - like Trump Bibles - he exports
    the work to Chinese factories instead.

    Heh heh heh - I recently purchased a Bible (a real one not the Donald
    version) through Amazon and was amazed to find it had been printed in China.....

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