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@FreeTradeBryan
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"Bryan Riley-style, pro-trade and sarcastically anti-tariff." ChatGPT
Washington, DC
Joined October 2012
Four American presidents on free trade (Truman/Eisenhower/JFK/Reagan) 60 seconds
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(Also the CBO estimate will be a moot point if the Supreme Court confirms the tariffs are illegal and/or unconstitutional.).
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(There is absolutely nothing in any of the Trump tariff orders requiring that this money go toward deficit reduction.).
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That's based on $330 billion/year tax hike, or $3.3 trillion over 10 years, and 132,216,000 households. CBO wrongly says this money will reduce the deficit. It is more likely to fuel additional federal spending.
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Wow, @USCBO suggests Trump's tariffs will cost taxpayers an average of $25,000 per household over the next 10 years, confirming the biggest peacetime tax increase in history.
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I disagree with @USCBO on the deficit impact of import tax hikes. History suggests that politicians will spend this money faster than it comes in. There are already proposals to rebate the tariffs back to taxpayers, in addition to a bunch of other things like:.*pay for child care
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RT @cpgrabow: The kind of content I love to see. Obvious solution is to end the tariffs and the Jones Act.
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"The Government almost succeeded in abolishing all significant economic data about Hong Kong in 1925, when the collection of official trade statistics was abandoned."
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Some smart person should comment on this: "I asked [Sir John Cowperthwaite] to name the one reform that he was most proud of. 'I abolished the collection of statistics,' he replied. Sir John believed that statistics are dangerous, because they enable social engineers of all.
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I always wondered what people meant by "uniparty.".
JUST IN: Government will take stakes in more companies, top Trump adviser says
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This can't be right! The Trump administration has repeatedly promised that "if you build here you won't face any tariffs." (It's a lie.).
John Deere is laying off 238 workers at three factories in Iowa. The company said Tariffs and lower commodity prices are to blame. βTariff costs in the quarter were approximately $200 million, which brings us to roughly $300 million in tariff expense year to date,β said director
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Reminder, Trumpβs trade deal will reduce US exports to the EU by up to $164.6 billion a year.
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RT @scottlincicome: "βSneakflationβ: How Trumpβs tariffs are gradually raising costs for American consumers" https:β¦.
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β‘οΈProgress toward lower furniture prices stopped when Trump imposed 25% tariffs in 2018, and then prices skyrocketed during the pandemic. β‘οΈSome workers were harmed by our freedom to buy affordable furniture imports. But a policy that benefited 99.53% of the American workforce.
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β‘οΈTrump wants more tariffs on furniture. β‘οΈFrom the time China joined the World Trade Organization to 2018, U.S. furniture prices fell by 14%. β‘οΈThis benefited the 99.53% of Americans who worked in industries other than furniture manufacturing as of 2001.
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RT @PhilWMagness: Just as I warned a month ago, de minimis tariffs are coming next week on your mail order purchases from abroad. You willβ¦.
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RT @GovPressOffice: ALL HAIL CHAIRMAN TRUMP! WITH HIS GLORIOUS 10% PURCHASE OF INTEL, THE SOCIALIST REPUBLIC OF AMERICA ENTERS A BOLD NEW Eβ¦.
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RT @jonah_wendt: There's nothing "pro-American" about American car companies General Motors, Ford, Stellantis, and Tesla paying $2.6 BILLIOβ¦.
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