“I’ve never seen a president so proud of raising taxes on American consumers.”
They say love is blind and when it comes to President Donald Trump, it’s true. Trump loves tariffs so much he once bragged, “I am a Tariff Man.”
….I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN
— Donald J. Trump (@realDonaldTrump) December 4, 2018
Sadly, Tariff Man does not know how tariffs work.
President Trump just imposed a 25% tariff on $200 – $250 billion in goods imported from China into the U.S.
And in a Friday morning tweetstorm he insisted those tariffs are being paid “by China.”
Talks with China continue in a very congenial manner – there is absolutely no need to rush – as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S….
— Donald J. Trump (@realDonaldTrump) May 10, 2019
The tariffs are being paid by the companies – American companies – that import those products. Those companies then, more than likely, pass those costs on to the consumer – Americans – who cover the increased costs.
Trump is intentionally blind to this very basic fact of economics.
Trump is also intentionally blind to how manufacturing works.
Friday morning, apparently feeling uncertain his previous seven tweets promoting his false tariff plan had not succeeded, he added an eighth:
Build your products in the United States and there are NO TARIFFS!
— Donald J. Trump (@realDonaldTrump) May 10, 2019
But a quick glance at the list of Chinese products subject to his new tariffs show many of them, like copper, aluminum, lead, zinc, metal gaskets and washers, are not sold directly to consumers, but to manufacturers making other products. They are parts.
He just doesn’t get it, as many on social media were quick to point out – and mock him for his willful ignorance:
Guess you flunked Econ 101 in college https://t.co/Fu324nn0Re
— Pete Souza (@PeteSouza) May 10, 2019
Reality check: Tariffs are paid by U.S. importers of affected Chinese goods, not by China’s government or by Chinese companies. Importers then either raise costs on consumers, lower their own profit margins or both. https://t.co/6J5afZdgsX https://t.co/MjJL2XIfVd
— Axios (@axios) May 10, 2019
TARIFFS ARE NOT BEING PAID BY CHINA, YOU JAMOKE! Tariffs are paid by American businesses that import goods form China. They then pass those costs onto the American taxpayers. Honestly, have an Econ 101 book read to you or something. https://t.co/VAnJMzRD9Q
— Michael Salerno (@MikeNJD) May 10, 2019
Maybe China can pay for the wall? https://t.co/gqXqsDxxN9
— Steve Milloy (@JunkScience) May 10, 2019
— J.C. Bradbury (@jc_bradbury) May 10, 2019
He still has no idea how tariffs work.
I would ask why no-one has explained it to him, but I suspect they have and he doesn’t listen. https://t.co/LAKa1cATpE
— Dylan Reeve (@DylanReeve) May 10, 2019
There’s a blatant falsehood from Trump here:
“Tariffs are NOW being paid to the United States by China…these massive payments go directly to the Treasury of the U.S….”
That is false and misleading.
China does not pay a dime to the US Treasury. Importers pay the tariffs. https://t.co/56E6CjVdUh
— Terry Moran (@TerryMoran) May 10, 2019
Tariffs are paid by US citizens and businesses you moron. https://t.co/x9SrWSOaXj
— markhughes (@markhughes) May 10, 2019
I’ve never seen a president so proud of raising taxes on American consumers. https://t.co/7I1g6kfTs2
— Simon Hedlin (@simonhedlin) May 10, 2019
“tariffs are NOW being paid to the United States by China 25% on 250 Billion Dollars”
— Roy Azoulay (@rozoulay) May 10, 2019
We are reduced to having to follow the logic of a complete idiot. And to anticipate the reactions to this idiocy by machines. We are in the nether world. https://t.co/LEJlvd4kkU
— Nick Givanovic (@NickGiva) May 10, 2019
How is he still clueless about how tariffs work? And how is .@Wharton still not humiliated enough to rescind the degree they never should have given him? At the very least they owe us all a very public apology.#Kakistocracy https://t.co/UaqCfdG5T9
— W.L. Lewis (@ArtMusicLife) May 10, 2019
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‘A Monumental Fraud and Failure’: Trump Had a Plan to ‘Blow Up’ the G7 and Give the ‘Middle Finger’ to Our Allies: Report
President Donald Trump’s plan was to bully our G7 allies on a range of issues by touting the strong U.S. economy. As The Washington Post’s Greg Sargent wrote Friday morning, “Trump will proclaim his ‘America First’ agenda a smashing success, and throw that in the faces of our European allies.”
That plan will have to be changed now that his trade war with China just exploded.
China imposed tariffs of $75 billion of U.S. goods on Friday. Trump launched a tweetstorm causing the DOW to drop more than 600 points (at several times during the day more than 700 points.)
The president apparently found wiping out the value of millions of Americans’ 401(k)s amusing:
The Dow is down 573 points perhaps on the news that Representative Seth Moulton, whoever that may be, has dropped out of the 2020 Presidential Race!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
And just an hour after the markets closed, Trump once again took to Twitter, announcing he is increasing tariffs against China on $250 billion of goods.
“Trump’s appearance [at the G7] will in reality demonstrate that the very nationalist agenda he will be touting is, thus far, a record of deep fraudulence and failure, covered up with lies,” Sargent added. “Trump’s ‘America First’ agenda, particularly the trade war with China, is a key reason the U.S. economy is now at greater risk of tipping into recession.”
“It’s important to appreciate just how heavily Trump’s political mystique relies on the constant middle finger he gives to allies and international leaders. It’s central to the story he told in 2016 and the one he’ll tell in 2020.”
Last year President Trump promised winning trade wars is “easy.”
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
— Donald J. Trump (@realDonaldTrump) March 2, 2018
Read the entire piece at The Washington Post.
#Iherebyorder: Internet Explodes in Mockery Over Trump’s Insane China Meltdown
President Donald Trump is being mocked right now for his insane Twitter meltdown in response to China’s announcement it is imposing $75 billion on tariffs on U.S. goods.
But it was not only Trump’s meltdown, but his insistence that he can dictate how private American companies operate that added to the hilarity.
“Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
The President of the United States does not have any authority to do that.
Many responded in mockery with the hashtag #Iherebyorder, which is now a top tending topic. Take a look:
— George Conway (@gtconway3d) August 23, 2019
I hereby order my Great American Cat not to wake me up at 6am
I hereby order my Great American Daughter to be nice to her dad even when she feels like a moody teenager
I hereby order our Great American postal service not to deliver flyers from stores I don’t like#IHerebyOrder
— Tom Nichols (@RadioFreeTom) August 23, 2019
Fun fact: #iherebyorder is socialism.
— Rep. Eric Swalwell (@RepSwalwell) August 23, 2019
— Smitty D (@smittyd060) August 23, 2019
— Orange Leader (@OrangeLeaderUSA) August 23, 2019
#iherebyorder mental health check on the President of the United States
— Rick Wilson (@TheRickWilson) August 23, 2019
I hereby order all television networks to consult me *personally* before canceling programs that I like.
I hereby order all pizzerias to cease putting pineapple on pizza.
I hearby order all technology companies to put real security into the #InternetOfThings#IHerebyOrder
— Maureen Sheridan (@mcscajun) August 23, 2019
I hereby order that we all time travel back to November 2016, knowing what we know.#Iherebyorder
— Terry Dresbach (@draiochta14) August 23, 2019
#IHerebyOrder Trump to resign.
— Tracy Gies (@trackallan) August 23, 2019
— George Conway (@gtconway3d) August 23, 2019
— Shelly (@TexHellCat) August 23, 2019
— ThomasPaine (@ThomasP95104077) August 23, 2019
— iglooslice (@iglooslice) August 23, 2019
#Iherebyorder @POTUS, @DonaldJTrumpJr @EricTrump @IvankaTrump and the Trump Organization to immediately STOP doing business with China. Perhaps before ordering everyone else to do it. pic.twitter.com/eAqz7hiPDK
— Kurt Eichenwald (@kurteichenwald) August 23, 2019
‘Casually Tweeting Out National Secrets’: Internet Stunned as Trump Tweets About Previously Unknown US Nukes
In an apparent attempt to “one-up” and embarrass Russia many are wondering if President Donald Trump just tweeted out U.S. national nuclear secrets. Seven people died last week during a “failed test of Russia’s SSC-X-9 Skyfall, a nuclear-powered cruise missile still in development,” as Vox reported. One expert called it a flying nuclear reactor.
President Trump, who has been tweeting up a storm ever since he kicked off his 10-day August vacation at his golf course in Bedminster, NJ, apparently decided late Monday afternoon was a good time to respond – not with condolences for the lives lost, but by gloating.
“The United States is learning much from the failed missile explosion in Russia,” Trump tweeted, needlessly. “We have similar, though more advanced, technology. The Russian ‘Skyfall’ explosion has people worried about the air around the facility, and far beyond. Not good!”
Some were quick to realize Trump at least sounded like he was (once again) revealing national secrets via Twitter.
Assuming he’s not lying, Trump would seem to be casually tweeting out national secrets. https://t.co/7NiWD19aXh
— Chris O’Leary | Baseball (@thepainguy) August 12, 2019
Here’s the Communications Director for U.S. Congressman Don Beyer (D-VA), who sits on the House Ways and Means Committee and the Science Committee.
Tweeting about the status of secret nuclear weapons research, as one does https://t.co/wpZQ5rjRl4
— Aaron Fritschner (@Fritschner) August 12, 2019
Some experts chastised the President, while appearing to try to assure the world Trump was basically bluffing.
Here’s a professor of international relations and national security at the U.S. Naval War College:
It is a bad idea for the President to tell the world the U.S. has secret nuclear powered super-weapons and that we’ve been lying about that for years. Especially if we don’t actually have them, which we almost certainly do not. https://t.co/pK0sNPRpeg
— David Burbach (@dburbach) August 12, 2019
Here’s a noted nuclear weapons expert:
This is bizarre. We do not have a nuclear-powered cruise missile program. We tried to build one, in the 1960’s, but it was too crazy, too unworkable, too cruel even for those nuclear nuts Cold War years. https://t.co/DWMn07yO3Y https://t.co/7Uqpx7B7Sk
— Joe Cirincione (@Cirincione) August 12, 2019
There were other responses from some notables.
Washington Correspondent for TIME magazine:
Did the President just confirm the existence of a missile system with mini-nuclear reactors aboard, eliminating distance limitations, and that can fly low and weave around anti-missile shields? https://t.co/Bg1bzBXRwG
— Phil Elliott (@Philip_Elliott) August 12, 2019
If news reports on nature of the Russian test are correct, then the President has just asserted that the US has nuclear-propelled cruise missiles.
That would be newsworthy. https://t.co/XhxzLM5l0k
— Dan McFadden (@Dan_McF) August 12, 2019
Reuters DC National Security Correspondent:
Huh? Is he saying the US has secretly developed a nuclear-powered cruise missile? Project Pluto was canceled in July 1964. At same time, he confirms story I published Friday on experts suspecting explosion of Skyfall. https://t.co/Df8pHAS8Gm https://t.co/SXp12oxq3I
— Jonathan Landay (@JonathanLanday) August 12, 2019
So, is the President of the United States lying/bluffing about our capabilities (we don’t have missiles with tiny nuclear reactors) or just revealing our secret weapons to the world… Which is worse? https://t.co/LpO7bY1nlI
— Real Talk 910 (@RealTalk910) August 12, 2019
— Jason Tiscione (@JasonTiscione) August 12, 2019
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