Trade Wars and Tariffs

[jmacvols1]

You ever seen Madagascar. Those penguins are devious and evil....

on most countries Trump imposed a 10 per cent tarriff...nothing wrong with that.

 

[BigOrangeMojo]

on most countries Trump imposed a 10 per cent tarriff...nothing wrong with that.

Except not discriminatory and not an emergency.

If Congress wanted to tariff the penguins they could have and DJT could have signed it

Hell, they had tariff rate and trade deficit confused for a while on liberation day....

 

[jmacvols1]

Again... READ the decision.

The order halts Trump’s 30% tariffs on China, his 25% tariffs on some goods imported from Mexico and Canada, and the 10% universal tariffs on most goods coming into the United States. It does not, however, affect the 25% tariffs on autos, auto parts, steel or aluminum, which were subject to Section 232 of the Trade Expansion Act – a different law than the one Trump cited for his broader trade actions.

again...read what THE LAW (Tarriff Act of 1930) says that any sitting President can do when countries as China, Canada etc., are doing in charging triple digit, discriminatory, if not predatory, tarriffs on US goods into their countries and the President can retaliate.....and this court is violating that law

 

[jmacvols1]

Except not discriminatory and not an emergency.

If Congress wanted to tariff the penguins they could have and DJT could have signed it

Hell, they had tariff rate and trade deficit confused for a while on liberation day....

what was crooked Joe's emergency when he imposed tarriffs?

 

[jmacvols1]

 

[BeardedVol]

It's so bizarre to watch you guys champion paying more money to the federal government, just so you won't have to admit that Trump is a moron when it comes to understanding how tariffs work.

 

[Thunder Good-Oil]

It's so bizarre to watch you guys champion paying more money to the federal government, just so you won't have to admit that Trump is a moron when it comes to understanding how tariffs work.

$36.2 trillion ND. Money has to come from somewhere. A basic 10% tariff is a de facto national sales tax. In some countries they call it a value added tax.

 

[BigOrangeMojo]

$36.2 trillion ND. Money has to come from somewhere. A basic 10% tariff is a de facto national sales tax. In some countries they call it a value added tax.

CUT THE SPENDING

Much easier to give defense 250B more per year no questions asked although they havent passed an audit in a decade.....

 

[Thunder Good-Oil]

CUT THE SPENDING

Much easier to give defense 250B more per year no questions asked although they havent passed an audit in a decade.....

No cutting until China and Russia start being civil participants in the world community and Iran and NK learn how to behave. The Golden Dome won’t be cheap and the large numbers of new recruits need to get paid.

At least defense is seeing audits. Unlike NGOs.

 

[bamawriter]

reasons can matter but if 200 countries have discriminatory tarriffs against the US, then the sitting President can retaliate against 200 countries.

Australia had 0% tariffs on US imports. They still got slapped with 10%.

This hair will not split the way you'd like.

 

[BigOrangeMojo]

No cutting until China and Russia start being civil participants in the world community and Iran and NK learn how to behave. The Golden Dome won’t be cheap and the large numbers of new recruits need to get paid.

At least defense is seeing audits. Unlike NGOs.

They are seeing them and failing them and havr no idea where trillions of dollars from the last decade have went.

Hey, let's give them more money. That is the stupidest sh*t Ive heard.

No shock that you support this continued waste since Trump told you to....

 

[Thunder Good-Oil]

Australia had 0% tariffs on US imports. They still got slapped with 10%.

This hair will not split the way you'd like.

Good for them. They’ll have a favorable trade deal at the end of the day. It won’t be a catastrophe if they raise their’s from zero to 10%.

A 10% reciprocal target is reasonable. Those countries and territories that have trade surpluses with the US will also have a net positive tariff to contribute.

 

[BigOrangeMojo]

Good for them. They’ll have a favorable trade deal at the end of the day. It won’t be a catastrophe if they raise their’s from zero to 10%.

A 10% reciprocal target is reasonable. Those countries and territories that have trade surpluses with the US will also have a net positive tariff to contribute.

Again, if Congress was OK with it, then sure...

But, Australia is not an emergency nor discriminatory. Like over 100+ countries in similar situations.

 

[Thunder Good-Oil]

They are seeing them and failing them and havr no idea where trillions of dollars from the last decade have went.

Hey, let's give them more money. That is the stupidest sh*t Ive heard.

No shock that you support this continued waste since Trump told you to....

Not shocked that you throw in the typical, tired personal shot instead of simply making a point.

Exactly what in the audits was uncovered? There are a lot of things in the military that auditors don’t get to probe into and they shouldn’t have that much free rein. It’s fine if they’re looking into spending on the arts, Social Security, Medicare, Medicaid, the VA, food stamps, WIC, education, and just about every other program. They don’t get to have access to every Area 51 expenditure or be able to inspect Air Force One and other classified assets.

 

[BigOrangeMojo]

Not shocked that you throw in the typical, tired personal shot instead of simply making a point.

Exactly what in the audits was uncovered? There are a lot of things in the military that auditors don’t get to probe into and they shouldn’t have that much free rein. It’s fine if they’re looking into spending on the arts, Social Security, Medicare, Medicaid, the VA, food stamps, WIC, education, and just about every other program. They don’t get to have access to every Area 51 expenditure or be able to inspect Air Force One and other classified assets.

They cant pass a basic financial audit. Under Trump or Biden.

For someone as smart as you are financially, you will bend and twist yourself to fit Trump's narratives.

You know you dont give more money to people who cant show you where its going now.

The DOD budget will nearly double in 10 years from 600M in 16 to probably 1.1T next year. Thats with 2 fewer wars. Salaries for soldiers have increased slightly less than inflation so thats not where the $$ is going.

 

[Thunder Good-Oil]

Again, if Congress was OK with it, then sure...

But, Australia is not an emergency nor discriminatory. Like over 100+ countries in similar situations.

Is there a final deal with Australia or the other 100+ countries.

The EB can work to implement whatever. BHO sure did. SCOTUS can sort it out on the back end if necessary. After a drawn out process. If it all works then the LB shouldn’t have a problem codifying it. Except that there will be obstructionists driven by nothing other than partisan politics.

 

[BigOrangeMojo]

Is there a final deal with Australia or the other 100+ countries.

The EB can work to implement whatever. BHO sure did. SCOTUS can sort it out on the back end if necessary. After a drawn out process. If it all works then the LB shouldn’t have a problem codifying it. Except that there will be obstructionists driven by nothing other than partisan politics.

I am not opposed to tariffs. I am opposed to completely circumventing the Constitution for 90% of the countries impacted.

China is a different animal but its 1 of more than 200...

 

[bamawriter]

Good for them. They’ll have a favorable trade deal at the end of the day. It won’t be a catastrophe if they raise their’s from zero to 10%.

A 10% reciprocal target is reasonable. Those countries and territories that have trade surpluses with the US will also have a net positive tariff to contribute.

Australia has a deficit with the US, so this argument is still nonsense.

 

[Thunder Good-Oil]

They cant pass a basic financial audit. Under Trump or Biden.

For someone as smart as you are financially, you will bend and twist yourself to fit Trump's narratives.

You know you dont give more money to people who cant show you where its going now.

The DOD budget will nearly double in 10 years from 600M in 16 to probably 1.1T next year. Thats with 2 fewer wars. Salaries for soldiers have increased slightly less than inflation so thats not where the $$ is going.

More recruits equals more salaries. How much of the increases are investments in new technology? B-1s can run about a billion. Subs and carriers, billions each. Missiles can run millions per. Deploying and maintaining all of that around the globe? Defending freedom isn’t inexpensive. Right now China and Russia aren’t giving us any good reasons to pause the arms race.

Nearly doubling in 10 years? Rule of 72s. Not horrible. How much has interest to service the ND gone up since 2016?

What are the specifics that created the fails? Not meeting governmental accounting principles doesn’t necessarily mean it’s out of control fraud. The standards were probably established more so to address programs that can operate transparently rather than with the complexity of national defense in mind. If improper bookkeeping was found 10 years ago and nothing happened, what’s the motivation to change now?

I’m bending and twisting to fit TRUMP’s narratives but you also point out that the audits happened under Trump and BIDEN administrations. Got it. Another shot.

 

[BigOrangeMojo]

More recruits equals more salaries. How much of the increases are investments in new technology? B-1s can run about a billion. Subs and carriers, billions each. Missiles can run millions per. Deploying and maintaining all of that around the globe? Defending freedom isn’t inexpensive. Right now China and Russia aren’t giving us any good reasons to pause the arms race.

Nearly doubling in 10 years? Rule of 72s. Not horrible. How much has interest to service the ND gone up since 2016?

What are the specifics that created the fails? Not meeting governmental accounting principles doesn’t necessarily mean it’s out of control fraud. The standards were probably established more so to address programs that can operate transparently rather than with the complexity of national defense in mind. If improper bookkeeping was found 10 years ago and nothing happened, what’s the motivation to change now?

I’m bending and twisting to fit TRUMP’s narratives but you also point out that the audits happened under Trump and BIDEN administrations. Got it. Another shot.

The military audit thing wasnt a shot at Trump or Biden. It was a thing of not giving them more money until they can pass an audit. You want to eliminate waste, you dont give them more money until they pass. If you put them back to a 2016 baseline, remove wars, and increase only for inflation until they pass an audit, they wont wait until 2028 to do so....

9/28 of the Department's in DOD have clean sub financials. Internal controls are an absolute mess. Numerous material weaknesses all over the place with money, recordkeeping, etc. Has almost 4T in assets but cant account for 40% of them. Had material cash and treasury weaknesses.

Even with rule of 72, that's 7.2% growth over a decade, which far exceeds inflation. Service members have got increases less than inflation. And we got out of 2 wars since.

 

[Thunder Good-Oil]

I am not opposed to tariffs. I am opposed to completely circumventing the Constitution for 90% of the countries impacted.

China is a different animal but its 1 of more than 200...

Then change the laws if there are disagreements about the interpretation. POTUS can move forward and put the onus on the other branches if they disagree with the methods. SCOTUS isn’t going to make a preemptive ruling on the constitutionality of what’s an Executive Branch power or not. The EB has to make the first move. It’s kind of like letting 10 or 20 million illegal immigrants into the country. Maybe the legal process is to give a hearing for each one. But the strategy is that it’s impossible to move that many through the court system. All of the parties look for ways to exploit loopholes and circumvent the law to attain their objectives.

 

[Thunder Good-Oil]

Australia has a deficit with the US, so this argument is still nonsense.

So what’s your point? Their net tariffs will therefore be in their favor with a 10/10 agreement. The objective isn’t to screw everybody. It’s to push back on those taking advantage of us. Australia is a good trading partner and ally. We benefit from importing their minerals. They can benefit from our agricultural products. If they dump minerals on us without buying our goods then there’ll be a mechanism in place to either fix the imbalance or generate revenue for the ERS (The External Revenue Service). There’s no need to carve out anybody. Even the penguins might stake a claim in Antarctica.

 

[jmacvols1]

 

[Orange_Crush]

I’ve went electric on everything and I love it. I’ve wasted too much of my life trying to start weed eaters, chainsaws, and push mowers

I think @n_huffhines can sell you a $9000 lawnmower.

 

[rekinhavoc]