Straight from the White House

https://finance.yahoo.com/news/trump-claims-8-trillion-tariff-181240443.html

 

Just to gain some perspective on this claim, last year the USA had a grand total of $3 trillion in imports.

The convicted felon con man also gets a hole in one and sinks every put every time!  A lot of people say so.  All the best people.  Ask anyone.  That is all everyone is talking about.  Not the Epstein files.  Forget about that.

 

Did he also say how much he lost on exports, loss of revenue in freight carriers, and loss of income taxes because companies make less profit?

11 hours ago, Alan Zweibel said:

Straight from the White House

 

no one believes a word coming out of the white house. 

 

11 hours ago, shdmn said:

The convicted felon con man also gets a hole in one and sinks every put every time! 

 

At least he gets off his butt and does some exercise ... which is more than we can say for you? 

 

31 minutes ago, Alan Zweibel said:

Straight from the White House

https://finance.yahoo.com/news/trump-claims-8-trillion-tariff-181240443.html

 

Just to gain some perspective on this claim, last year the USA had a grand total of $3 trillion in imports.

Liar. It says $8T in investment, not revenue. 

 

 

2 minutes ago, Yellowtail said:

Liar. It says $8T in investment, not revenue. 

 

Illiterate, it says $8T in tariff revenue

Trump Claims ‘$8 Trillion in Tariff Revenue’ Amid ‘Hundreds of Thousands of New Jobs’ in Confusing Labor Day Post

 

The official White House account on X (formerly Twitter) marked Labor Day with a celebratory post touting the success of President Donald Trump’s trade policies. The post, however, quickly sparked confusion and scrutiny after it claimed that tariffs had generated “$8 trillion in tariff revenue” for the United States.

 

16 minutes ago, CallumWK said:

 

Illiterate, it says $8T in tariff revenue

Trump Claims ‘$8 Trillion in Tariff Revenue’ Amid ‘Hundreds of Thousands of New Jobs’ in Confusing Labor Day Post

 

The official White House account on X (formerly Twitter) marked Labor Day with a celebratory post touting the success of President Donald Trump’s trade policies. The post, however, quickly sparked confusion and scrutiny after it claimed that tariffs had generated “$8 trillion in tariff revenue” for the United States.

 

That's what your headline says, the White House says investment. 

 

Liar

 

14 minutes ago, Yellowtail said:

That's what your headline says, the White House says investment. 

 

Liar

 

 

Ignorant MAGA, this is what the White House says.

 

1 hour ago, Alan Zweibel said:

Straight from the White House

https://finance.yahoo.com/news/trump-claims-8-trillion-tariff-181240443.html

 

Just to gain some perspective on this claim, last year the USA had a grand total of $3 trillion in imports.

 

So, you're saying that 8 trillion is a pipe dream (even if 'investments' are included)... 😆 

 

Have there been trillions of dollars in investments recently?

13 minutes ago, CallumWK said:

 

Ignorant MAGA, this is what the White House says.

 

The Tariff revenue is not correct.

 

I am sorry I called you a liar. But the caption on the photo is wrong. 

Yes everything is going great in America , when will MAGA realise tariffs are a tax on them,

the propaganda they are pushing out , all prices are down , jobs , wages are up , tourists

are flocking to the USA , 

 

regards worgeordie

8 minutes ago, StayinThailand2much said:

 

So, you're saying that 8 trillion is a pipe dream (even if 'investments' are included)... 😆 

 

Have there been trillions of dollars in investments recently?

Do I think that you get to redefine what tariffs mean?

As fpr trillions in investments recently, really?

And it's a mark of the massive ignorance of Maga supporters that they don't seem to understand that foreign countries have always invested massively in the USA. That's how the US finances its trade deficit.

57 minutes ago, save the frogs said:

 

At least he gets off his butt and does some exercise ... which is more than we can say for you? 

 

How would you know how much exercise shdmn gets? Are you stalking him?

2 minutes ago, Alan Zweibel said:

Do I think that you get to redefine what tariffs mean?

As fpr trillions in investments recently, really?

And it's a mark of the massive ignorance of Maga supporters that they don't seem to understand that foreign countries have always invested massively in the USA. That's how the US finances its trade deficit.

 

I learnt to take anything Trump says with a pinch of salt...

2 minutes ago, worgeordie said:

Yes everything is going great in America , when will MAGA realise tariffs are a tax on them,

the propaganda they are pushing out , all prices are down , jobs , wages are up , tourists

are flocking to the USA , 

 

regards worgeordie

It's mostly the rich that pay the tariffs, that's why the left is howling about them. Same with illegal immigration, great for the rich, bad for the poor. 

Just now, StayinThailand2much said:

 

I learnt to take anything Trump says with a pinch of salt...

A salt mine isn't enough.

Just now, Alan Zweibel said:

A salt mine isn't enough.

 

Yeah! 😆

10 minutes ago, Yellowtail said:

The Tariff revenue is not correct.

 

I am sorry I called you a liar. But the caption on the photo is wrong. 

What caption? What you call a caption on this meme was written by the White House

2 minutes ago, Yellowtail said:

It's mostly the rich that pay the tariffs, that's why the left is howling about them. Same with illegal immigration, great for the rich, bad for the poor. 

It depends what you mean. Tariffs his poorer people harder because of what economists call propensity to spend. Simply put, the less money you earn the bigger percentage you need to devote to the necessities of life. So as far as impact goes the poor are more highly affected. The rich may spend in aggregate more, but a lower percentage of their income.

I wonder where those hundreds of thousands of jobs he claims are, since manufacturing has declined every month for as long as he is in power.

 

https://finance.yahoo.com/news/us-manufacturing-activity-contracts-for-sixth-straight-month-in-august-its-survival-151934968.html

 

US manufacturing activity contracts for sixth straight month in August: 'It's survival'

 

Data out Tuesday from the Institute for Supply Management showed the ISM's manufacturing PMI came in at 48.7 last month, an increase from the reading of 48 seen in July but below estimates for a reading of 48.9, according to Bloomberg data. Readings of less than 50 on the index indicate a contraction in activity in the sector.

 

This marked the sixth straight month of contraction in the US manufacturing sector, according to the ISM's reading.

The new orders index within the ISM's report, however, rose to 51.4, indicating expansion, and marked a strong uptick from the 47.1 seen in July. The production index fell to 47.8 in August from 51.4 in July.

4 minutes ago, Alan Zweibel said:

It depends what you mean. Tariffs his poorer people harder because of what economists call propensity to spend. Simply put, the less money you earn the bigger percentage you need to devote to the necessities of life. So as far as impact goes the poor are more highly affected. The rich may spend in aggregate more, but a lower percentage of their income.

 

In fact, the rich pay the tariffs with their deductions in income tax, approved by Trump in the big ugly bill, while the poor pay their tariffs on top of their income tax increases.

1 minute ago, Alan Zweibel said:

It depends what you mean. Tariffs his poorer people harder because of what economists call propensity to spend. Simply put, the less money you earn the bigger percentage you need to devote to the necessities of life. So as far as impact goes the poor are more highly affected. The rich may spend in aggregate more, but a lower percentage of their income.

But the poor are not buying the nearly as much in imports. Most all the food and energy they buy is domestically produced, housing is domestic, big-ticket items they buy used, so what does that leave?

 

Kicking out the illegals will drive up their wages, drive down there housing costs and free up social services. 

You need to wonder where he got his calculator from. Tourism Authority of Thailand?

5 minutes ago, CallumWK said:

I wonder where those hundreds of thousands of jobs he claims are, since manufacturing has declined every month for as long as he is in power.

 

https://finance.yahoo.com/news/us-manufacturing-activity-contracts-for-sixth-straight-month-in-august-its-survival-151934968.html

 

US manufacturing activity contracts for sixth straight month in August: 'It's survival'

 

Data out Tuesday from the Institute for Supply Management showed the ISM's manufacturing PMI came in at 48.7 last month, an increase from the reading of 48 seen in July but below estimates for a reading of 48.9, according to Bloomberg data. Readings of less than 50 on the index indicate a contraction in activity in the sector.

 

This marked the sixth straight month of contraction in the US manufacturing sector, according to the ISM's reading.

The new orders index within the ISM's report, however, rose to 51.4, indicating expansion, and marked a strong uptick from the 47.1 seen in July. The production index fell to 47.8 in August from 51.4 in July.

Really? Did you not see the ~10% uptick in expansion mentioned in your link? The headline is a bit deceiving. 

And still running deficit spending.  What a shame.

6 minutes ago, CallumWK said:

 

In fact, the rich pay the tariffs with their deductions in income tax, approved by Trump in the big ugly bill, while the poor pay their tariffs on top of their income tax increases.

You have absolutely no integrity at all, do you? You just say anything at all, without regard to what' true. 

 

Do you have kids? Do you teach them to lie as well? 

His tariffs yielding concrete results must be agony for those that promised and guaranteed us they were just a tax on Americans. Hence the wild and wooly frothing.

Surprising how many here are economically illiterate and have zero understanding of negotiation. But thats how circle jerks end up, reinforced delusion.

11 minutes ago, Yellowtail said:

Really? Did you not see the ~10% uptick in expansion mentioned in your link? The headline is a bit deceiving. 

 

Maybe you should educate yourself, though I don't have much hope on that.

 

New orders include IMPORTS, the article clearly says production fell from 51.4 to 47.8, and that is what is produced in

 

AI OverviewYes, the "New Orders Index," a key economic indicator from the Institute for Supply Management (ISM), can indeed include imports, but it mainly reflects orders placed by domestic companies for manufactured goods and can be influenced by international trade dynamics, including tariff uncertainty and global supply chain disruptions. While the index measures overall new orders for U.S. manufacturers, a decline in the index can signify reduced demand for imported components or finished goods, and a slowdown in U.S. manufacturing that could also impact the volume of imports in certain sectors. 

 

https://financialsource.co/us-ism-manufacturing-new-orders/

Role of New Orders in the ISM Manufacturing Index

Within the ISM Manufacturing Index, New Orders is a crucial component. It reflects the number of new purchase orders placed with manufacturers, serving as an indicator of future production levels. Hence, it can provide insights into manufacturers’ expectations of market demand.

A rise in New Orders suggests that manufacturers anticipate increased demand, which can indicate an uptick in economic activity. Conversely, a drop in New Orders may reflect a decrease in demand, potentially signaling a slowdown in the economy.

Forex traders monitor the New Orders component of the ISM Manufacturing Index as it can influence currency exchange rates. Strong New Orders data can strengthen the US dollar, as it suggests robust economic activity, while weak data can weaken the dollar.

the US

4 minutes ago, connda said:

And still running deficit spending.  What a shame.

But I think there is a bit of progress,