Australia’s chances of escaping America’s global steel and aluminium tariffs appear all but extinguished, with the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.
“We’re going to take in hundreds of billions of dollars in tariffs, and we’re going to become so rich, you’re not going to know where to spend all that money,” Donald Trump told reporters on board Air Force One flying from Florida to Washington DC.
“We’re basically going to take back the money – a lot of the money that we’ve given away over many decades.”
the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.
I will never understand how Americans developed a taste for his constant hyperbolic bullshit.
Really? Tariffs? Rehashing pre-WW1 economics theories is the greatest thing America has ever done? Greater than abolishing slavery? Greater than the civil rights act? Greater than the moon landings? Greater than the invention of the transistor?
Trump is at a point where nobody bats an eye to this. Trying to hold him accountable for literally anything he says is futile, and half the country things that quality is a good thing and they enable it.
Wow I’m so so glad we fucked over France for a submarine deal. We’re definitely going to get those submarines right? For no more than the promised amount? I’m feeling super confident that fucking over France was a clever thing to do.
Honestly it sounds like both of them were shit deals, but that’s what we get for living in plutocratic dictatorships masquerading as “democracy”.
Honestly? I see a U-turn on that project in the future - especially if DCNS can get their shit together (one of the reasons for the pivot was a TON cost and time overruns and some pretty significant data leaks) or they pivot to another manufacturer / maybe make it a joint European project or something like that. And make them nukes, because that frankly works way better for Australia’s geography, geopolitics, and use cases.
As an American, I am just hoping Trump doesn’t learn any additional economic terms. I keep expecting him to try to replace our federal income tax with a VAT.
Dear Australia, please sanction the shit out of us. We deserve it. Sorry we are so terrible.
VAT has tax in the name, and it goes on a receipt. It would be harder to tell people other countries are paying for it
Trump is very clearly there to line his own pockets with these tariffs. Do they really need to cut all these federal jobs with all that new federal income?
Time to shut down Pine Gap
Especially now that
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The US have told the Five Eyes to stop sharing intelligence with Ukraine - something I suspect the other Four Eyes may have a moral problem with, and
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The US is obviously compromised. Sharing intelligence with them is akin to just handing that intelligence straight to the “enemy”, whoever that may be these days.
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He’s like someone rocking back and forth in the corner of a padded room repeating to himself that “the tariffs will save the economy” and “the tariffs will make us billions” over and over again while those tariffs, especially the way he tries to use them, are the very thing that is destroying the economy.
This man will cling to his delusions that the problems their economy is having right now are caused by his predecessors and keep doubling down in doing the very thing that is sinking the economy, completely incapable of admitting fault, until his entourage finally turns on him.
I’m giving him another month if the stocks continue tanking at the rate they currently are. The collapse has sped up today.
This is just a way to plunge the market value so he and his cronies can buy cheaper stocks.
Plunge the market so they can do options on the way down. Then with the profits but the stocks at a cheaper price. Also do options on the way up.
“Common what?”
“Sir, it means the Commonwealth of…”
“Fucking get it.”
I fucking hate this. I fucking hate every day in this countrymen I FUCKEN HATE YOU TRUMP
deleted by creator
“Think how stupid your average
Americanperson is, and then realize half the population is dumber than that.”
So the US recession is not coming fast enough then.
Civil war when? When will people take to the streets to get rid of this guy who is making their country even worse than it was before?
americans are still to content and complacent and coddled to even go through a civil war right now.
How is he going to get “Hundreds of Billions”?
Putting aside that’s not how tariffs work- we only export around $13billion per year to USA. Even a 25% tariff would require somewhere around 30 years for that US consumer paid money to even hit $100m, but he said Hundreds (plural)
Is this some 42D Chess (no) that Australia is going to see a 5x or more uptick in exports to USA?
Go on Trump… DO IT.
The moment you do, AUSFTA is torn to pieces, a very one sided agreement but you seem to want to throw away all your benefits, so go ahead!
I think the rest of the world has 5 billion total. All the rich assholes have 3 trillion total.
