Tariffs

Discussion in 'Politics' started by UsualName, Apr 2, 2025.

  1. gwb-trading

    gwb-trading

    "17 deals complete" NAME THEM.

    The number of deals complete is ZERO.
     
    #481     Jun 4, 2025
    insider trading likes this.
  2. Buy1Sell2

    Buy1Sell2

    Quick note---We have now bumped up to 18 complete deals!
     
    #482     Jun 4, 2025
  3. gwb-trading

    gwb-trading

    NAME THEM.

    The actual number of deals is ZERO.

    Just like Trump you are pulling bullshiat out of your ass.
     
    #483     Jun 4, 2025
    insider trading likes this.
  4. gwb-trading

    gwb-trading

    What is the purpose of Trump's tariffs. Who the F*** knows, Trump's commerce secretary sure does not seem to know.

    Trump Commerce Secretary Stuns Republican Senator By Undercutting Trump’s Justification For Sweeping Tariffs
    https://www.aol.com/trump-doge-cuts-package-could-233141857.html

    Commerce Secretary Howard Lutnick stunned Republican Senator John Kennedy (R-LA) during a Senate hearing on Wednesday when answering questions about President Donald Trump’s sweeping global tariffs. Kennedy grilled Lutnick after the Trump cabinet member appeared to undercut Trump’s stated goal for the tariffs – to bring down other countries’ trade barriers on the U.S.

    Kennedy asked at one point during their exchange, “If Vietnam, for example, came to you tomorrow and said, okay, Mr. Secretary, you win, we’re going to remove all tariffs and all trade barriers. Would the United States please do the same? Would you accept that deal?”

    “Absolutely not. Absolutely not,” Lutnick replied. “That would be the silliest thing we could do.”

    “Why is that?” pressed Kennedy, who has publicly raised concerns about Trump’s tariffs hurting free trade.

    “Vietnam has $125 billion exports to us and imports from us $12.5 million. And you’re thinking, Vietnam exports 125 billion?”

    Kennedy replied, “I’m aware of the figures, but tell me why you–”

    Lutnick cut in, “But where do they get it from? They buy 90 billion from China, then they mark it up and send it to us. You’re just a pathway of China to us! You wouldn’t even–”

    Kennedy pushed, “So you wouldn’t accept that deal.”

    “No, it’s a terrible deal. We’re the one with money, we’re the one with the store. Of course, they want us to take down,” Lutnick replied.

    A stunned Kennedy followed up, “What’s the purpose of reciprocity then? Is reciprocity not one of your goals? Are you telling the president that we shouldn’t seek reciprocity? If that’s what you’re telling him, why are you trying to do these trade deals?

    Lutnick replied, “What do we want? We want to encourage Vietnam to produce products. They’re great at producing.”

    Kennedy pushed Lutnick to answer his question, “But I want to get back to reciprocity. You just said you don’t believe in it. You don’t accept reciprocity as a goal. What are you negotiating in these trade deals?”

    “Why would we open our bank account?” Lutnick replied as Kennedy spoke over him to demand, “Why are you negotiating trade deals?”

    “You’re trying to get other countries to lower their tariffs and trade barriers in return for us lowering ours!” insisted Kennedy.

    “That’s true for the things that they’ll take from us,” Lutnick replied.

    “That’s called reciprocity,” Kennedy insisted as Lutnick agreed, “Of course.”

    “So are you or are you not seeking reciprocity in these trade deals?” Kennedy pushed again.

    Lutnick replied, “We are absolutely seeking reciprocity with respect to things that can be reciprocal. But when they’re importing from China and sending it to us, they’re not.”

    Kennedy hit back, “You just said that if a country came to you and offered you the ultimate reciprocity, no tariffs, no trade barriers in return for us doing the same, you would reject that.”

    “Of course, because they buy from China and send it to us. Don’t you agree with me?” Lutnick replied.

    Kennedy shot back, “Suppose they said we won’t buy from China.”

    Lutnick replied, “Now we’re talking. Now we are talking. If it was Vietnam–”

    Kennedy demanded, “Would you accept that deal?

    “We would consider it,” Lutnick replied, arguing that some products he wants brought back to the U.S. for production.

    Watch the clip above.
     
    #484     Jun 4, 2025
  5. Nine_Ender

    Nine_Ender

    You got destroyed, now you pretend otherwise like the ignorant dolt you can be. And you outed yourself as a selfish prick when you admitted to telling your son to ignore Covid protocol at school in the middle of the most serious outbreak in Tampa Bay. Trump tanking your economy is what some if you deserved really he's running a govt full of incompetent people who think they know better. You know, people like you really. This is what you get when education, science, and data take a back seat to bs.
     
    Last edited: Jun 4, 2025
    #485     Jun 4, 2025
  6. newwurldmn

    newwurldmn

    that’s way too low. Fortunately tariffs will make inflation higher.
     
    #486     Jun 5, 2025
  7. newwurldmn

    newwurldmn

    Trump doesn’t boast about his wins. So he’s probably made deals and is keeping them secret. He’s so humble.

    I bet we have a great deal with the penguin island.

    an example is the fact that Trump doesn’t discuss the big beautiful wall he got mexico to pay for on the southern border. You don’t hear a peep about it. Or his awesome healthcare plan. Or the fact he ended the Ukraine war in 1 day.
     
    Last edited: Jun 5, 2025
    #487     Jun 5, 2025
    Spike Trader likes this.
  8. That's right , you will not even hear him speak about how our great first lady is building a crypto platform in the Middle East or how his sons are building condos and golf courses in Qatar and Dubai , and Abi Dabi.

    That's how humble he is.
     
    #488     Jun 5, 2025

  9. I think this just shows Lutick is just incompetent at expressing a message or providing a clear response. Wht he should have said from the beginning is that Vietnam's trade imbalance mainly comes from Chinese goods being funneled through Vietnam to avoid tariffs in the U.S. on Chinese goods (this is why a large portion of their candle making business was shifted to Vietnam).

    So Lutnick should have said they are looking for a reciprocal trade deal on Vietnamese origin goods but want safeguards in place to avoid Chinese origin products moving through Vietnam to China. However as someone heavily involved in international import export this is impossible because what happens is parts are shipped to another country and then put together and the country of origin is deemed as where it was put together.

    For example China ships plastics and wood products to Mexico and Mexico asembles it into furniture and sells furniture to the U.S. and the furniture is deemed made in Mexico. For candles, China opened factories in Vietnam and shipped the wax to Vietnam and the candles were made.

    SO I understand what Lutnick was trying to say but trumptards never know how to speak or sound intelligent and cannot articulate any coherent policy becuase their boss is a rambling idiot.
     
    #489     Jun 5, 2025
    gwb-trading likes this.
  10. #490     Jun 5, 2025