Trump doesn’t seem to know why he launched a giant trade war
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...willl cost the typical US household more than $1,200 a year...so far.
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Stocks have gone up though. I don't understand it
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It's also because the rest of the people in charge (mainly Republicans) aren't doing anything to stop them. It also has to do with Americans being largely stupid.
Most republicans aren't going to do anything because if they go against Trump ... Trump will skewer them and they'll lose their seat because their voters are stupid too.
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Godspeed friend, hope this place will be worthy of you again someday
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At the time he was extremely proud of it. It was the best deal ever made.
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Part of the agreement allows for a review next year and his complaints could have been addressed them, but apparently negotiated such a lousy deal he can't wait that long.
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If you don’t mind, how are you pulling it off? Just trying to get ideas too.
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They are tanking markets for both the fire sale bargains and to hurt the poor more, so they can direct the resulting anger towards projects like territorial expansion and government privatization.
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Because Trump is going to buckle on the tariffs. He will come up with some reason they aren't needed, or they're severely reduced, and he pretends he's the hero in the story.
The MAGA will lick his anus and everyone else will be like "Dafuq old man?"
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Just my opinion as a layman: the tariffs give his corporate backers all the excuse they need to jack up prices even higher.
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Work transfer through my day job. I will note I'm taking a 50% pay cut for this, but the mental security and new friends will be worth it
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That, plus it seems very likely that he and friends are just manipulating the market to trade on the predictable moves he's causing. Ya know, the kinda stuff that earned Musk some mild hand slaps and theatrical pearl clutching (in addition to giant financial benefits) in recent years.
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He had the idea to raise tariffs, and he believes all his ideas are really good, so he followed his own good advice and raised tariffs, dead simple.
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It's basically how Musk got rich. Intelligent market manipulation.
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Thank you. Stated goals and actual goals for these people are always entirely independent, if they align it's just coincidence / convenience. People need to stop being so credible and debating this shit on its stated terms, fascists don't debate in good faith.
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I don't get the $1200 #... If every component of my purchase goods is 25% higher to the manuf passed to me, shouldn't it be 25% of my annual spend?
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Not every good is imported. Not every country has tariffs leveed against it.
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Agree, inflation can theoretically increase not only prices, but wages to compensate the increased cost of living, therefore appear as a boomed GDP, bringing the debt to GDP ratio lower without actually reducing debt.
Eu, china, Russia all have much lower debt to GDP.
Of course in reality inflation is hard to manage once it gets out of hand, and the levels of interest rates don't give enough space for corrections, and the problem of inflation being the reduced consumption leading to a lesser increase of GDP. -
And when he takes the tariffs off, the prices never go back to the original starting point.
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