study on Trump's 2018 tariff exemption rules
https://news.lehigh.edu/politically-...hinese-imports“Our findings reveal that politicians not only use exemptions to reward their supporters, but also withhold exemptions to punish supporters of their opponents,” Salas said. “The tariff exemption grant process functioned as a very effective spoils system allowing the administration of the day to reward its political friends and punish its enemies.”
in the private sector we call this racketeering
companies that made substantial investments in political connections to Republicans prior to and during the beginning of the Trump administration were more likely to secure exemptions for products otherwise subject to tariffs.
Conversely, companies that made contributions to Democratic politicians had decreased odds of tariff exemption approval.
"Rose Garden tariffs"
And as soon as he doesn't duck, or, his term runs out you'll have it all back where it was on January 19th, 2025 within 6 months, or, less.
Trump likes but does not respect groveling
saying the obvious, but it doesn't get said enough
The hyperventilating over this has been amusing. Trump's trying to finally level the playing field with trade and bring back jobs to the US. It's in ambitious plan. Time will tell if it works or not but I'm not going to lose sleep over it any time soon. I'm just glad there is finally clarity on the tariff situation as the last few months have been up in the air at work and now finally have confirmation that Mexico is still exempt under USMCA. Smart move on the administrations part considering how much produce is imported from Mexico.
the US doesn't grow bananas, is Guatemala cheating?
https://worldpopulationreview.com/co...cit-by-country
they scared
but I doubt this even gets a vote in the House
* US SENATORS GRASSLEY AND CANTWELL INTRODUCE LEGISLATION TO REQUIRE CONGRESS TO APPROVE ALL NEW TARIFFS WITHIN 60 DAYS, STATEMENT SAYS
@reuters.com
Why would anybody plan to move a manufacturing plant which will take years to become operation when tariffs policies are improvised on a day to day basis
Does anyone know how they calculated the tariff percentages?
instead we got COVID and the Trump super dole
Seems plenty already are
The immediate response has been significant, with both American and foreign companies accelerating investment initiatives across the U.S. Tech giants have been at the forefront of this movement, announcing billion-dollar investments to mitigate tariff impacts. Apple set the tone in February with a four-year, $500 billion investment pledge to construct a large factory in Texas that will produce advanced AI server equipment previously manufactured in China. In March, Taiwan Semiconductor Manufacturing announced a $100 billion investment to build five new semiconductor fabrication plants in the U.S., even though Trump has said he wants to end support to chip makers provided under the Biden-era Chips Act. Japan’s SoftBank Group committed $100 billion to support AI and tech ventures in the U.S. These investments reflect a strategic shift driven by tariffs and the promise of a more favorable domestic manufacturing environment.
The pharmaceutical industry also responded swiftly. Eli Lilly announced the largest pharmaceutical expansion investment in U.S. history, pledging $27 billion to build four large-scale plants. Amgen and Merck followed suit with significant investments in North Carolina, aimed at ramping up domestic production to mitigate potential disruption from proposed tariffs on imported medicines.
These moves underscore the urgency with which companies are adapting to the shift in trade policy under the new administration. Companies are prioritizing U.S.-based operations to secure their supply chains
https://www.barrons.com/articles/tru...urope-fa21ebd0
Oh look, the avocado salesman isn't losing sleep because his avocados aren't subject to the tariffs.
because it's the end of muh globalization and they know it
Point was...your X users didn't have to rack their brain trying to figure out how it was calculated, it was posted publicly on ustr.gov the whole time.they set the two Greek symbols in the denominator to 4 and 0.25… which when multiplied just makes 1.
so it really is just imports - exports divided by exports as the internet realized. To make it look sophisticated they added two Greek symbols which cancel out
If you don't like the formula, you should have won
Why are you so stupid?
I mean these tariffs are really stupid and only someone stupid would defend them.
So why?
nope, they published it later to disprove the formula by adding fake Greek characters that did nothing
It’s not though. It’s just the US cutting off its own foot for no reason. We’re trying our own version of the self sufficient USSR.
At least we have an opportunity to vote it away
In 1314 days
spurraider21 coming back into the thread with no comment on thisSeems plenty already are
The immediate response has been significant, with both American and foreign companies accelerating investment initiatives across the U.S. Tech giants have been at the forefront of this movement, announcing billion-dollar investments to mitigate tariff impacts. Apple set the tone in February with a four-year, $500 billion investment pledge to construct a large factory in Texas that will produce advanced AI server equipment previously manufactured in China. In March, Taiwan Semiconductor Manufacturing announced a $100 billion investment to build five new semiconductor fabrication plants in the U.S., even though Trump has said he wants to end support to chip makers provided under the Biden-era Chips Act. Japan’s SoftBank Group committed $100 billion to support AI and tech ventures in the U.S. These investments reflect a strategic shift driven by tariffs and the promise of a more favorable domestic manufacturing environment.
The pharmaceutical industry also responded swiftly. Eli Lilly announced the largest pharmaceutical expansion investment in U.S. history, pledging $27 billion to build four large-scale plants. Amgen and Merck followed suit with significant investments in North Carolina, aimed at ramping up domestic production to mitigate potential disruption from proposed tariffs on imported medicines.
These moves underscore the urgency with which companies are adapting to the shift in trade policy under the new administration. Companies are prioritizing U.S.-based operations to secure their supply chains
https://www.barrons.com/articles/tru...urope-fa21ebd0
Bessent and Lutnick have been clear about the reason from the get go.
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