Trade Wars and Tariffs

They're still better than you communists that we're in charge
I've never served in an administration. The only people I know who have served in an administration are Mark Esper, who I have known for 40 years, and Rex Tillerson, who was a colleague of my brother at Exxon for a number of years. I don't think either one of them are communists. Maybe you know better🤭
 
It takes a clown to subject oneself to being so frequently undercut and sabotaged - often publicly - amid trump's lurching and often fantastically unrealistic whims.
I think he's just a clown without that

He believes withholding the checks could help flush out fraudulent claimants.
“Let's say Social Security didn't send out their checks this month, my mother-in-law — who's 94 — she wouldn't call and complain,” Lutnick said on the business and tech podcast All-In. “She'd just think something I messed up and she’d get it next month. A fraudster always makes the loudest noise, screaming, yelling and complaining.”
 
Apparently the negotiations with the Japanese have hit a snag...
...because the American negotiators don't know what they're trying to accomplish.

The presence of three top U.S. negotiators with differing stances on trade is adding a layer of complexity to tariff talks with Japan.

Open disagreements, competition and confusion among Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer have made it hard for the Japanese side to judge the Trump administration’s intentions, according to sources close to the negotiations.

“At one point, the three cabinet officials put the talks with the Japanese side on hold and began debating right in front of them,” said one source.

 
Kind of on topic and mildly interesting.

YouTuber shows his efforts to manufacture a mostly-American-made product.

 


This is so flimsy. You cannot bank on this estimate. Even if they are good at estimating it, which they probably aren't....we don't even know if the tariffs will be in place in 2 months or 4 years, or what. How can they estimate something that changes daily and there is no clear direction?

We also don't know how the disruption tariffs are causing will affect other government revenues.
 

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