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Posted

 

7 hours ago, placeholder said:

More blaming Biden for inflation. Most of the world suffer from high inflation in the wake of COVID. Is that Biden's fault too? A rational person would look for a common cause for worldwide inflation. As for the tech industry losing jobs, you ask the question but you didn't provide an answer. Have you got one with a legitimate source to back it up?

 

https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs

 

Joe Biden is more responsible for high inflation than for abundant jobs

The main effect of the president’s economic policies has been to boost prices

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Posted

The US firms backing Trump's fight over trade

But try looking for American-made jelly in Europe, and you're likely to come up short.

The US exports less than $300,000 (£231,000) in jam each year to the bloc.

It's an imbalance that US company JM Smucker, one of the biggest sellers of such products in the US, blames on a 24%-plus import tax its fruit spreads face in the EU.

Apple farmers raised the big disparity in import duties their fruit faces in countries such as India (50%), Thailand (40%) and Brazil (10%), as well as sanitary rules in countries such as Australia they said unfairly block their exports.

https://www.bbc.com/news/articles/c04z0ydvql2o

i have yet to see a single post which supports that  Trump is wrong on tariffs

Importing a car from the UK to the USA charges were December 2024 import tariffs 2.5% value of car plus 0.5% harbour tax total 3%

Importing a car from the USA to the UK 10% import tariff of the value of the vehicle plus 20% Vat Total 30%

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Posted
1 hour ago, Mike_Hunt said:

 

 

https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs

 

 

Joe Biden is more responsible for high inflation than for abundant jobs

The main effect of the president’s economic policies has been to boost prices

I wonder what the opinion of the Economist was  11/2 years later...

America’s economy is bigger and better than ever

America has long married light-touch regulation with speedy and generous spending when a crisis hits. Although supersized stimulus during the pandemic fuelled inflation, it has also ensured that America has grown by 10% since 2020, three times the pace of the rest of the g7. By contrast, stingier Germany is mired in recession for a second consecutive year.

https://archive.ph/UKQ9s#selection-973.41-977.85

 

 

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Posted
On 4/1/2025 at 3:07 AM, vinny41 said:

I have yet to see a single post which supports that  Trump is wrong on tariffs

 

This is what I'm curious about: the debate is the definition of tariff, which should be settled by a dictionary. 

He claims he's collecting $$ from the countries of origin, but the US consumer will be paying.  So, his fans are going to pay the new tax and not look in the mirror?

 

 

Posted
On 4/1/2025 at 3:07 AM, vinny41 said:

i have yet to see a single post which supports that  Trump is wrong on tariffs

I

 

Maybe because some people are in a wait and see mode.  I look out further than a one day event or "perhaps everything gets more expensive".   The markets have a tendency to react wildly at uncertainty. 

 

If the market continues to sink and prices rise and it appears the world won't come to a reasonable agreement about tariffs in a few months THEN I will criticize Trump.  The problem with the left is it wants to critique before knowing the outcome. 

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Posted

I think Trump should take off tariffs on Israel, because they are taking off tariffs on us, although hes probably trying to score a deal on the Dome.

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Posted
On 4/1/2025 at 5:07 PM, vinny41 said:

i have yet to see a single post which supports that  Trump is wrong on tariffs

Letter from 23 Nobel Prize winning economists -- 23 OCT 2024

 

(Trump's) policies, including high tariffs even on goods from our friends and allies and regressive tax cuts for corporations and individuals, will lead to higher prices, larger deficits, and greater inequality. Among the most important determinants of economic success are the rule of law and economic and political certainty, and Trump threatens all of these.

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