Right? This guy doesn’t even understand who pays tariffs. These companies would pay the tariff - no sir the US company importing the goods pay the tariffs, and who do you think they will pass that cost on to? What a moron this guy is!
Rich corporations that love to make huge profit out of slave and child labor in China and India hate Trump. It's about creating jobs in America not enriching immoral corporations. Free trade doesn't work without fair trade.
@@cbarbskiyou mean not true that high schoolers would know this? Because he’s right about who pays the tariffs. Clearly Trump doesn’t know this though, or he expects that his supporters don’t. Which is better, him being stupid or him assuming people who vote for him are?
@@choiswimmer China makes 3 times more of USA then we do in Tariffs. Let me ask you if we stop charging China Tariffs will they stop charging the USA no they won’t they make to much money of us .
I voted for the guy earlier today. Everything he said in the room full of economics professionals gave him a standing ovation because what he said is basic economics. You are definitely the crazy person that can't see they are crazy. Go get your brain scanned.
Odd how a room full of economists gave him a standing ovation for that interview and you are her in the chat calling him a fool. I'm not sure you or your cosigners know what a fool is.
Donald Trump's trade wars with China resulted in a U.S. trade deficit of $679 billion. In a Republican mind, increasing the cost of imported goods while decreasing exports due to trade retaliation will lead America to economic success.
Does Trump think that he can put on 50% tariffs without starting a trade war? They will always have the advantage of a $10/day workforce once both countries add tariffs.
So who pays more the importer or exporter the buyer or seller . The buyers do we pay China way more in Tariffs then they pay us we get 1/3 or what China makes of us. It’s funny democrats want no tariffs how is that smarter . If charging tariffs is going to make consumers goods go up then doesn’t the same go for American companies that democrats say need to pay higher tax isn’t that going to make products just as high.
SANE PERSON QUESTION: In the USA do federal import tariffs have the same effect on prices consumers pay, like a tax, and if yes, is that price increase felt immediately by consumers? MICROSOFT COPILOT ANSWER: Yes, federal import tariffs in the US act similarly to a tax, increasing the cost of imported goods. However, the impact on consumer prices isn't always immediate. It depends on how quickly businesses adjust their pricing and how much inventory they have at old prices. Sometimes it can take weeks or months for the full effect to be felt. Other times, especially if the tariff is significant or on widely-used goods, the price hikes can be quite swift. Ever seen those "supply chain issues" signs in stores? Sometimes tariffs are part of that story.
Takeaways Chicago, having the most sensible crowd, must be chuckling while Trump was speaking like a cheap salesman who lacks sensibility. His reasoning is illogical and he trash-talks like he’s in a UFC fight which can cost American lives if anything happens. He wants to prevent world war by starting trade wars in this heat which calls “PEACE THROUGH STRENGTH”. He needs to do strength training first because the US is currently at China’s mercy of procuring parts and material which could contribute to a bullwhip effect if China “reciprocates” back to what he wants to do. He’s the dumbest politician ever and can never intimidate China with his strategy. COGS from China, even with the tariffs, will still be less than that of the US made products without the shipping cost because their wages are lower. Even if Trump forces to manufacture here regardless, it will create an inflation like no other that even the interest cuts from levied tariffs on some Chinese products cannot compensate, so there won’t be a business case. Innovative manufacturing methods make profits, not tariffs. When was the last time American manufacturing was innovative? China is leaps and bounds ahead of the US when it comes to manufacturing methods which basically drives affordability and sales of their products to the whole world. He wants to build US economy on “liquid gold” at the cost of climate change and environmental degradation while everyone else is trying to shift towards sustainability. Climate Central said the sea surface temperatures where Hurricane Milton developed were made up to 400-800 times more likely by climate change.
@@fairwindmarine8317 you’re not smart enough to understand my book even if I wrote one. Trump has always been pro-economy…but this time, at the cost of inflation and losing allies for which common people have to pay in the form of taxes and losing stock value.
@@Eagle1538 understood. But my research has Trump losing at least 3 facilities in one city alone . Just to start. What did your research come up with. And in no way am I yelling or being mean etc... just a conversation
Trump is sniffing his own 💩, what does he think he can FORCE other countries to buy and sell with America? 🤣🤣🤣🤣 ‘WHO IS GOING TO BUILD THE WALL, MEXICO.’ 🤣 Did Mexico build the wall? NO!!! With Trump, watch America BEGGING countries to buy our products. 😂🤣 WE ARE SO SCREWED!!!!
!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
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I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
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During Donald Trump's presidency, the unemployment rate reached 14.7%, the highest since the Great Depression. The U.S. GDP contracted by 31.4%, the highest since 1946. The inflation rate rose by 7.75%, and the poverty rate climbed by 1.76%. Immigration surged by 14.7%, while the U.S. national debt expanded by 40.43%. The trade deficit grew to $679 billion.
A worldwide pandemic that hasn’t been experienced since 1908 shuts the planet down and you blame Trump. Jobs spiked and inflation settled down to 1.4% by the time he left office. You think thats the sign of a bad economy? Comical.
Per usual can't answer questions has now run from CNBC interview like 60 Minutes and afraid to re-debate a woman. I voted early in GA today and the demo I saw is making Faux News panic! Trump has rhetoric but no sense, economists agree.
That's actually the first time I've ever heard him explain what he thinks his magical and genius tariff are going to do: open factories in the United States. Okay big brain! I grovel at your genius.
Is that what you call telling the truth? Trump is out of his depth. Even Americans can spot the nonsense, and they have pastors flying about in private jets.
Its so crazy to me. They thrive on hating him lmao its like part of their personality at this point. I hope they lose sleep, stress and cry from Trump. He lives rent free in all their heads, its amazing haha.
@@J_P_Bwere you laughing your ass off when 1m+ died from his mishandling of COVID or when the capitol was smashed up? Trump would get laughed out of politics in any other country, but America is the home of money worship and ignorance. It deserves the leader it's intelligence affords.
@@StevenWhyte-s9m Tell me you're brainwashed without telling me you're brainwashed Steven.....Pure TDS right here lol. You blame Trump for EVERYTHING. Its insane. How about you blame hmmm idk CHINA for covid. Then you point to Jan 6th.....please tell me how hard it was for the American population...Other countries lack true freedom because they gave the government TOO MUCH POWER. You like to be told what to say Steven. You like to be controlled. You hate America.
Trump is sniffing his own 💩, what does he think he can FORCE other countries to buy and sell with America? 🤣🤣🤣🤣 ‘WHO IS GOING TO BUILD THE WALL, MEXICO.’ 🤣 Did Mexico build the wall? NO!!! With Trump, watch America BEGGING countries to buy our products. 😂🤣 WE ARE SO SCREWED!!!!
Trump is sniffing his own 💩, what does he think he can FORCE other countries to buy and sell with America? 🤣🤣🤣🤣 ‘WHO IS GOING TO BUILD THE WALL, MEXICO.’ 🤣 Did Mexico build the wall? NO!!! With Trump, watch America BEGGING countries to buy our products. 😂🤣 WE ARE SO SCREWED!!!!
Trump is sniffing his own 💩, what does he think he can FORCE other countries to buy and sell with America? 🤣🤣🤣🤣 ‘WHO IS GOING TO BUILD THE WALL, MEXICO.’ 🤣 Did Mexico build the wall? NO!!! With Trump, watch America BEGGING countries to buy our products. 😂🤣 WE ARE SO SCREWED!!!!
America is the home of conmen, you have pastors in private jets and you have ex presidents selling watches. Americas ability to embrace ignorance is huge and you deserve the leader your intelligence affords.
Trump is sniffing his own 💩, what does he think he can FORCE other countries to buy and sell with America? 🤣🤣🤣🤣 ‘WHO IS GOING TO BUILD THE WALL, MEXICO.’ 🤣 Did Mexico build the wall? NO!!! With Trump, watch America BEGGING countries to buy our products. 😂🤣 WE ARE SO SCREWED!!!!
trump won't be building any factories in America. He didn't 1st term snd he won't 2nd term. trump is a liar, conman and insurrectionist who cannot be trusted. His plan is to be dictator.
