ctm Posted April 4 Report Share Posted April 4 President Donald Trump on Thursday contradicted his top aides on the purpose of his sprawling new global tariff regime, adding to the uncertainty over the trade war that has sent markets reeling. Earlier in the day, top Trump aide Peter Navarro and Commerce Secretary Howard Lutnick said the president was not looking to strike deals over the tariffs. “This is not a negotiation,” Navarro told CNBC. White House officials also circulated internal talking points telling surrogates that the tariffs should not be characterized as a starting point for negotiations, according to three people with knowledge of the matter who spoke on the condition of anonymity to describe internal matters. But after markets closed down sharply, Trump told h on Airi Force One that he would be open to striking deals with individual countries. https://www.msn.com/en-us/money/markets/trump-contradicts-aides-talking-points-on-purpose-of-global-tariffs/ar-AA1Cfwpm?ocid=msedgntp&pc=HCTS&cvid=f21fb039135046efaeb3af6cd6a5d7ee&ei=22 This is the contradiction I've posted about. Are the tariffs a short term negotiating tactic or a long term plan to reshore manufacturing? Even Trump and his aides can't agree on their own strategy. I guarantee that the CEOs and guys on wall street with the sharp pencils can see the issue here. Link to post Share on other sites More sharing options...
ctm Posted April 4 Report Share Posted April 4 https://www.msn.com/en-us/money/markets/trump-tariffs-push-canada-europe-to-america-proof-their-economies/ar-AA1CeHHB?ocid=msedgntp&pc=HCTS&cvid=18b0f3755f174cb98c0c7651b8866d9b&ei=22 This is what Canada and Europe are thinking about our tariffs. MadMax 1 Link to post Share on other sites More sharing options...
oldschool Posted April 4 Report Share Posted April 4 52 minutes ago, ctm said: https://www.msn.com/en-us/money/markets/trump-tariffs-push-canada-europe-to-america-proof-their-economies/ar-AA1CeHHB?ocid=msedgntp&pc=HCTS&cvid=18b0f3755f174cb98c0c7651b8866d9b&ei=22 This is what Canada and Europe are thinking about our tariffs. Yup. The most likely outcome here if Trump doesn't back down is that the global economy moves on sans the U.S. which means USD will be sidelined and countries like China will step in, already seeing it with the Japan, South Korea, and the China trade agreement. The EU and Canada will follow suit. nine, and MadMax 2 Link to post Share on other sites More sharing options...
ctm Posted April 4 Report Share Posted April 4 (edited) 11 minutes ago, oldschool said: Yup. The most likely outcome here if Trump doesn't back down is that the global economy moves on sans the U.S. which means USD will be sidelined and countries like China will step in, already seeing it with the Japan, South Korea, and the China trade agreement. The EU and Canada will follow suit. China's finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10, following duties imposed by U.S. President Donald Trump's administration earlier this week, according to state news outlet Xinhua. https://www.msn.com/en-us/money/markets/china-to-impose-34-retaliatory-tariff-on-all-goods-imported-from-the-us/ar-AA1ChKKX?ocid=BingNewsSerp Everyone knew there would be countermeasures. Now we have a tariff war and a race to the bottom. Meanwhile, Trump is playing golf and market futures are down big again. Next question. How much punishment can congressional republicans who are on the ballot next year take? They are going to be absolutely desperate for deficit financed tax cuts. It's their only lifeline unless they stand up to Trump and his tariffs. Edited April 4 by ctm Dangermode 1 Link to post Share on other sites More sharing options...
OILERMAN Posted April 4 Report Share Posted April 4 40 minutes ago, ctm said: Next question. How much punishment can congressional republicans who are on the ballot next year take? They are going to be absolutely desperate for deficit financed tax cuts. It's their only lifeline unless they stand up to Trump and his tariffs. Senators unveil bill to claw back power over tariffs amid Trump trade wars Trade Review Act would require greater checks on tariffs in further sign of congressional disquiet over president’s plans The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa Grassley was not among the four Republican senators who voted to approve a Democratic-led resolution that would nullify the national emergency Trump used to justify 25% tariffs on Canadian imports, which passed shortly after the president’s so-called “liberation day” tariff announcement on Wednesday. Yet support from Grassley, third in line to the presidency as the president pro tempore of the Senate, is a sign of the deep unease many Republicans have with the president’s efforts to remake global trade. Link to post Share on other sites More sharing options...
oldschool Posted April 4 Report Share Posted April 4 15 minutes ago, OILERMAN said: Senators unveil bill to claw back power over tariffs amid Trump trade wars Trade Review Act would require greater checks on tariffs in further sign of congressional disquiet over president’s plans The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa Grassley was not among the four Republican senators who voted to approve a Democratic-led resolution that would nullify the national emergency Trump used to justify 25% tariffs on Canadian imports, which passed shortly after the president’s so-called “liberation day” tariff announcement on Wednesday. Yet support from Grassley, third in line to the presidency as the president pro tempore of the Senate, is a sign of the deep unease many Republicans have with the president’s efforts to remake global trade. The Senate isn't the blocker here, it's the House where that bill likely never sees the floor. ChesterCopperpot1 1 Link to post Share on other sites More sharing options...
ctm Posted April 4 Report Share Posted April 4 1 minute ago, oldschool said: The Senate isn't the blocker here, it's the House where that bill likely never sees the floor. Yea. it's largely symbolic. Until the Trump's tariff policy actually changes, nothing else is going to matter on the economic front. Real change is needed. oldschool 1 Link to post Share on other sites More sharing options...
oldschool Posted April 4 Report Share Posted April 4 Just now, ctm said: Yea. it's largely symbolic. Until the Trump's tariff policy actually changes, nothing else is going to matter on the economic front. Real change is needed. Which is why my earlier point is that the GOP has to revolt. It's a question of support for Trump, not legislation. The only way out of this debacle is if Trump back down due to internal pressure. ctm 1 Link to post Share on other sites More sharing options...
ctm Posted April 4 Report Share Posted April 4 1 minute ago, oldschool said: Which is why my earlier point is that the GOP has to revolt. It's a question of support for Trump, not legislation. The only way out of this debacle is if Trump back down due to internal pressure. Don't tell @Little Earl and @Mercalius. According to them everything is going according to plan. Dangermode, IsntLifeFunny, and MadMax 3 Link to post Share on other sites More sharing options...
Popular Post ctm Posted April 4 Popular Post Report Share Posted April 4 (edited) First 5 stories on Fox this AM: Iran female fencer who refuse to compete against a trans athlete HS athlete who died in TX live from Doral golf course Illegal migrant arrest in S. Car. hit and run No stock ticker or mention of the market Edited April 4 by ctm Come on Titans, Starkiller, pamo9, and 6 others 1 8 Link to post Share on other sites More sharing options...
OILERMAN Posted April 4 Report Share Posted April 4 1 minute ago, ctm said: First 4 stories on Fox this AM: Iran female fencer who refuse to compete against a trans athlete HS athlete who died in TX live from Doral golf course No stock ticker or mention of the market Gotta keep the suckers watching Link to post Share on other sites More sharing options...
OILERMAN Posted April 4 Report Share Posted April 4 7 minutes ago, oldschool said: Which is why my earlier point is that the GOP has to revolt. It's a question of support for Trump, not legislation. The only way out of this debacle is if Trump back down due to internal pressure. We need a hero to come forward Link to post Share on other sites More sharing options...
OILERMAN Posted April 4 Report Share Posted April 4 Link to post Share on other sites More sharing options...
ctm Posted April 4 Report Share Posted April 4 54 minutes ago, OILERMAN said: Senators unveil bill to claw back power over tariffs amid Trump trade wars Trade Review Act would require greater checks on tariffs in further sign of congressional disquiet over president’s plans The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa Grassley was not among the four Republican senators who voted to approve a Democratic-led resolution that would nullify the national emergency Trump used to justify 25% tariffs on Canadian imports, which passed shortly after the president’s so-called “liberation day” tariff announcement on Wednesday. Yet support from Grassley, third in line to the presidency as the president pro tempore of the Senate, is a sign of the deep unease many Republicans have with the president’s efforts to remake global trade. Grassley's bill isn't retroactive. It would do nothing to get rid of existing tariffs. Link to post Share on other sites More sharing options...
LongTimeFan Posted April 4 Report Share Posted April 4 Not a fan of the blanket tariffs. Should have been targeted tariffs. It's all just a negotiating tactic. All of you hate Trump so of course every comment/article quoted has a negative spin. I guess if he calls them "transitory tariffs" you guys will all agree. OILERMAN, Jamalisms, IsntLifeFunny, and 1 other 4 Link to post Share on other sites More sharing options...
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