Trump Imposes Sweeping Global Tariffs With Minimum Rate of 10% President Donald Trump announced a slew of new tariffs, including a 10% global minimum and 15% or higher duties for countries with trade surpluses with the US, forging ahead with his turbulent effort to reshape international commerce. The baseline rates for many trading partners remain unchanged from the duties Trump imposed in April, which may soothe investors’ worst fears after the president had previously said they could even double. Yet his move to raise tariffs on Canadian goods to 35% threatens to inject fresh tensions into an already strained relationship. Most of the tariffs will take effect after midnight on Aug. 7, to allow time for US Customs and Border Protection to make necessary changes to collect the levies. Trump signed the directive just hours before his prior Aug. 1 deadline for higher tariffs to kick in on scores of trading partners. Trump Imposes Sweeping Global Tariffs With Minimum Rate of 10% — Bloomberg https://www.cnn.com/business/live-news/trade-deadline-tariffs-trump-deals Do not cross our dear leader. It could be bad for you.
Ha, he gave up. Super complicated, that dastardly global economy. Ugh, just 10% all over!! It’s like healthcare all over again. I was told there would be no math….
While we’re on the subject, the CPI is significantly up this year. And with it, the bankruptcy courts just announced a double digit increase in bankruptcy filings. but … yay team.
Are you Catholic Okie? Priest: "...let us give thanks to the Lord our God..." Congregation: "...it is right and just". Under my roof and other minor repairs | Salt + Light Media ...just wondering...
I am not. That is interesting though. After this move, however, I might be better suited as a Trumpolic.
I feel like a dying breed. An anti-tariff Republican. I know there used to be a lot of us. Free trade used to be considered a fiscally conservative position. Now you’re a RINO if you’re a Republican who believes in it.
This is how I feel as well. Then I remind myself that Trump is not a Republican but a lifelong liberal democrat from New York who only switched to parties to get back at Obama.
Although I would agree that Trump switched parties to get back at Trump and that he may have been registered as a Democrat at one time he was never a liberal. Keep in mind that Trump ran a full page ad in the NY Times in effect calling for the execution of the latter exonerated Central Park Five and along with his father was a defendant in the largest housing discrimination lawsuit in history. Trump never really had a coherent political philosophy his positions have always been based on what benefited Donald Trump personally. Trump also had a long history of hiring undocumented immigrants and he continued to employ them even after he made illegal immigration a cornerstone of his 2016 presidential campaign.
