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1 month agoHe did just host his crypto dinner so who had his ear who was going to make boatloads of money on the EU tariffs?
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Cake day: June 16th, 2023
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2·2 months agoBecause he’s cheap and didn’t wanna spend the money. It’s why the interior is so plain for the amount of money you spend.
Except it’s Trump. He will never step down. He can’t admit he’s wrong on anything otherwise it’ll break his macho man persona of never being wrong and it’s not his fault.
Looking like complete escalation since china won’t bend the knee to him
I’ve seen a new talking point popping up that he’s crashing the market on purpose to refi US debt and force the fed to drop interest rates…
It’s probably dumber than you think why they weren’t on there. The formula they used to come up with the countries tarrifs rate is based simply on trade deficit calculations. So if you aren’t exporting/importing from those countries they wouldn’t be included. It doesn’t even matter if there was a trade surplus.
For example, take the figures for China:
- Goods trade deficit: $291.9bn
- Total goods imports: $438.9bn
- 291.9/438.9 = 0.67, or 67%
- And halved = 34%
Sources:
https://www.ft.com/content/e025d7e6-512d-4e82-9c25-7900b94ac153
Right. Like is that a base rate or is that just for steel and aluminum?