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You could be right.
I think most people who got ed couldn't tell you how they got that way. Macroeconomics is hard.
In- ing-credible.
Dow dropped 1% on the news, although that isn't a huge swing these days. The bell weather will be tomorrows. drops after people have had a chance to triangulate.
I don't think the farmers who are about to get ed over by the Republican party are going to soon forget it.
You could be right.
I think most people who got ed couldn't tell you how they got that way. Macroeconomics is hard.
A fairy tale -- an anecdote, if you like -- is much easier to understand.
... so they elected, repeatedly, for decades, the Repugs who ed them, and still support their er-of-themselves Trash
shut up boutons, we already knew what you were going to say.
whine hole, G F Y
on my own schedule, one-note johnny.
Trump’s Steel Tariffs Incite Retaliation From Mexico And Canada
Mexico announced it would be imposing its own tariffs, with support from Canada’s Prime Minister Justin Trudeau.
Mexico’s retaliatory tariffs target pork legs, apples, grapes and cheeses as well as steel -
products from U.S. heartland states that supported Trump in the 2016 election.
“Because, in the end, the effect will fall on voters and citizens that live in districts where the people have a voice and vote in the (U.S.) Congress.”
Guajardo said retaliation was aimed at products chosen to hit districts with important lawmakers who had been warning Trump not to mess with Mexico. He estimated the U.S. tariffs would affect $4 billion in trade between the two countries.
“It is a sad day for international trade,” Guajardo said. “But hey, the decision was made, and we always said that we were going to be ready to react.”
Mexico buys more steel and aluminum from the United States than it sells. It is the top buyer of U.S. aluminum and the second-biggest buyer of U.S. steel,
Guajardo’s ministry said.
https://www.huffingtonpost.com/entry...gEmail__060118
Trudeau says NAFTA talks broke down after Pence made ultimatum
Canadian Prime Minister Justin Trudeau said months of intense negotiations between his country, the United States and Mexico
imploded Tuesday when Vice President Pence demanded that any deal expire automatically in five years.
Trudeau said he was prepared to travel to Washington this week to try to finalize a rework of the North American Free Trade Agreement,
but Pence, in the phone call, said
a meeting would occur only if the “sunset” provision was agreed to in advance.
https://www.washingtonpost.com/news/business/wp/2018/05/31/trudeau-says-nafta-talks-broke-down-after-pence-made-ultimatum/?utm_term=.749ae65ffa14&wpisrc=nl_most&wpmm=1
The Repug Art of ing Up Everything
‘Make America 1929 Again’
“This is dumb.
Europe, Canada, and Mexico are not China, and
you don’t treat allies the same way you treat opponents.
We’ve been down this road before—
blanket protectionism is a big part of why America had a Great Depression.
‘Make America Great Again’ shouldn’t mean ‘Make America 1929 Again.’”
— Sen. Ben Sasse (R-NE), quoted by the Washington Post, on President Trump’s decision to impose steel and aluminum tariffs.
http://www.pensitoreview.com/2018/06...ca-1929-again/
History may not repeat itself, but man does it rhyme.
Financial deregulation, protectionist tariffs... Looks like the Republican party is trying for another Great Depression.
"Psychopath's Trade War": Critics Denounce Trump's Reckless Tariffs on Mexico, EU, and Canada
"It simply makes no sense to start a trade war with Canada, the European Union and others who are engaged in fair trade, are not cheating and where workers are paid a living wage with good benefits," argued Sanders
EU and Canada on Friday filed formal complaintswith the World Trade Organization claiming the penalties imposed by the Trump administration are a violation of standing trade agreements.
Mexico also responded to the tariffs with new penalties on imports of U.S. goods traveling over the southern U.S. border.
For his part, Sachs characterized Trump's imposition of tariffs as "blatantly illegal," but said there is also something more concerning at play:
Trump's so-called policies are not really policies.
Trade wars are on, off, on hold, on again, within the span of days.
Summits are on, canceled, or maybe on.
Foreign companies are sanctioned today and rescued the next.
He says one day he would like to see overseas troops called home soon, and tells them to stay the next.
Global agreements and rules are ripped to shreds.
Trump's garbled syntax and disorganized thoughts are impossible to follow.
The US has probably never before had
a delusional President,
one who speaks gibberish,
insults those around him including his closest associates, and
baffles the world.
By instinct,
we strive to make sense of Trump's nonsense, implicitly assuming some hidden strategy.
There is none.
"Trump creates chaos for no reason other than his own flagrant inability to follow rules or respect the interests of others,"
Sachs writes.
"The result will be to
undermine the long-term role of the dollar;
ratchet up the public debt; and
undermine the current expansion through a spiral of protectionist measures and rising uncertainties for business."
https://www.commondreams.org/news/20...20and%20Canada
https://www.washingtonpost.com/busin...=.39837ac8249aOn Friday, citing national security, Trump ordered the Energy Department tocompel power-grid operators to buy from ailing coal and nuclear plants that otherwise would be forced to shut down because of compe ion from cheaper sources.
The order came one day after the president imposed historic metals tariffs on some of the country’s strongest allies and trading partners. Now the Commerce Department is further picking winners and losers as it weighs thousands of requests from companies for waivers from the import taxes.
“It replaces the invisible hand with the government hand,” said Mary Lovely, a Syracuse University economist. “You’re replacing the market with government fiat.”
“One of the reasons tariffs are not good policy in general is that it is a form of corporate welfare,” said Stephen Moore, an economist at the Heritage Foundation. “You’re saying consumers will have to pay more so this auto company or steel company or aluminum company stays in business. It’s the ultimate form of picking winners and losers.”
btw, what's the NatSec emergency?
It’s not “chaos” exactly....but it’s a ing nightmare in the steel business unless you’re an executive at a large steel mill anyway.....late summer will be interesting when the mills start running out of stock material.
https://www.bbc.com/news/business-44345129France's Bruno Le Maire warned a trade war could begin in "a few days".
Meanwhile US Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He in Beijing to try to ease trade tensions.
Afterwards China warned that all trade talks with the US would be void if Washington introduced sanctions.
unintended consequences:
http://createsend.com/t/d-3DEB6CC629...40EF23F30FEDED“New steel and aluminum tariffs are starting to hit American supply chains but not necessarily in the way the White House intends. U.S. firms that use the metals in manufacturing say the levies have led to higher materials prices, pushing them to charge more for their products. That’s leading some customers to turn instead to foreign suppliers that use cheaper, tariff-free metals”
Coal companies aren't getting their money's worth from their bribes of the administration officials. (inauguration cough cough)
Canada's tariffs designed "strategically to exert maximum pain politically for the president"
"This list was clearly drawn strategically to exert maximum pain politically for the president,"
said Maryscott Greenwood of the Canadian American Business Council.
"The idea is, you look at a map of the congressional districts of the United States, you look at which members of Congress are in leadership positions and then you look at the big industries in those districts and then you draw up your list accordingly," she said. "And this list was clearly drawn up with this in mind."
…
Take Paul Ryan, the Republican Speaker of the U.S. House of Representatives. He represents a district in Wisconsin where there is significant cu ber and gherkin industry.
That state also has a large dairy industry, which could help explain why yogurt was added to the list.
But Wisconsin is also home to a manufacturing plant and distribution centres belonging to the Toro Company, the owner of several lawn mower manufacturers that sell to Canada.
Which probably explains why "mowers for lawns, parks or sports-grounds" were added to the list.
Also on the list:
whiskey from Kentucky,
orange juice from Florida, and
chocolate, toilet paper, and paper towels from Pennsylvania, which is home to Hershey’s chocolate and Scott paper companies.
Gordon Ritchie, a trade expert who negotiated Canada's first free trade agreement with the U.S., says that
Canada’s list of tariffs "is the best executed trade countermeasure I've seen in 50 years.
But the Trump action is sheer, utter idiocy."
Canadians have an elegant concept of reciprocity.
https://www.dailykos.com/stories/201...-the-president
Canucks man up and say "Bring It On, sheer, idiot Trash"
Last edited by boutons_deux; 06-04-2018 at 07:19 PM.
Maryscott Greenwood of the Canadian American Business Council wants what is best for her country and trump wants what is best for usa
Tariffs amount to corporate welfare. That's compounded by the government picking winners and losers through the waiver process.
Fine and well, Trumpalos, just don't pretend that's free market capitalism.
DJT thinks the pressure will result in better deals, but it may result in pissed off allies, broken deals and broken trust, to say nothing of unintended consequences for US businesses and consumers.
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