Trump is rolling back tariffs. I am laughing, not complaining. 
Major Tariff Rollbacks
The Wall Street Journal reports Trump Implements Major Rollback of Food Tariffs
President Trump on Friday moved to lower tariffs on beef, coffee and dozens of agricultural and food goods, marking a significant rollback of his so-called reciprocal levies as he looks for ways to address Americans’ concerns about the cost of living.
Trump issued an executive order modifying the reciprocal tariffs he imposed on virtually every trading partner in August, exempting more than a hundred common food items including fruits, nuts and spices.
The move continues a shift away from Trump’s maximalist tariff policy. When the president announced his reciprocal tariffs this spring, his economic team insisted there would be no exemptions to the levies. They later relented, removing duties on certain items not produced in the U.S., or available in sufficient quantities from domestic suppliers to meet demand.
The newly exempted products on Friday, however, include many products commonly produced in the U.S.—such as beef, which has risen to record prices in recent months. The tariff reductions are retroactive to 12:01 a.m. on Thursday, Nov. 13, according to the order.
The move is part of a shift from the administration to water down some of its so-called reciprocal tariffs in the face of both price increases for consumers and legal uncertainty following a high-stakes Supreme Court hearing this month. In their place, the administration has expanded other tariffs on individual industries like steel, aluminum and automobiles based on more established national security law—Section 232 of the Trade Expansion Act of 1962.
Trump’s decision comes after days of recriminations in the administration and among Republicans about how to respond to voter dissatisfaction over the cost of living, after a November election where Democrats largely swept GOP candidates aside with an “affordability” message.
Best Comments of the Day
- “It’s certainly a step in the right direction, but it’s important to recognize that the pain that American working families and businesses feel from tariffs goes way beyond coffee and bananas,” said Jake Colvin, president of the National Foreign Trade Council.
- “By admitting that lowering tariffs will lower prices for U.S. consumers, the Trump administration is acknowledging what economists have pointed out all along: tariffs raise prices,” said Erica York, vice president of federal tax policy at the Tax Foundation, a think tank critical of tariffs.
Worst Action of the Day
In their place, the administration has expanded other tariffs on individual industries like steel, aluminum and automobiles based on more established national security law—Section 232 of the Trade Expansion Act of 1962.
Steel and aluminum tariffs do far more damage than food tariffs. The latter mostly just raise prices. Steel and aluminum tariffs cost jobs and destroy small businesses unable to escape the tariffs.
Best Headline of the Day
I wish I thought of this one. The WSJ commented Yes, We Want No Banana Tariffs
President Trump insists his border taxes aren’t raising prices, but Treasury Secretary Scott Bessent more or less conceded otherwise on Wednesday when he floated exemptions for coffee and bananas. Is this the beginning of political wisdom?
Perhaps it’s sinking in at the White House that Americans aren’t happy about the economy and high prices. The Administration in recent days has been stressing moves to improve “affordability.” Many of the Administration’s actions such as investigating meat packers are counterproductive. But tariff relief would be welcome.
Mr. Bessent teased tariff exemptions in a Fox News interview this week: “You’re going to see some substantial announcements over the next couple of days in terms of things we don’t grow here in the United States, coffee being one of them, bananas, other fruits, things like that.” White House economic adviser Kevin Hassett echoed Mr. Bessent.
Musical Tribute
Yes! We want no steel tariffs. We want no steel tariffs today. (Or aluminum or clothes))
Getting rid of banana tariffs is a good thing. But seriously, what is that going to mean in practice?
Spotlight Aluminum
May 31, 2025: Trump Will Double Steel and Aluminum Tariffs to 50 Percent
Tariff madness continues.
September 6, 2025: Trump’s Aluminum Tariffs Seriously Backfire Already
Tariffs did not and will not bring production back to the US.
September 18, 2025: Trump’s Aluminum Tariffs Kill Jobs and Put America Last
Tariffs are costly for companies that use the metal to make things, including recyclers.
Trump’s Bizarre Rant #1
Truth Social Rant #1: The “Pay Back” Numbers being quoted by the Radical Left Lunatics, who would love to see us lose on Tariffs because of how bad it would be for our Country, are much higher than those being stated by our Fake Opposition — Opposition mainly from Foreign Countries that would do anything to be allowed to charge us Tariffs without retribution. The actual Number we would have to pay back in Tariff Revenue and Investments would be in excess of $2 Trillion Dollars, and that, in itself, would be a National Security catastrophe. Those opposed to us in the United States Supreme Court are giving low Numbers so that the Court will think it is easy to get out of this terrible situation that these Anarchists and Thugs have put us into!
Trump’s Bizarre Rant #2
Truth Social Rant #2: The U.S. Supreme Court was given the wrong numbers. The “unwind” in the event of a negative decision on Tariffs, would be, including investments made, to be made, and return of funds, in excess of 3 Trillion Dollars. It would not be possible to ever make up for that kind of a “drubbing.” That would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!
Is it $2 trillion or $3 trillion? This brings to mind a whole slew of questions starting with “If this is not a major issues question and thus grounds for tossing the tariffs, then what the hell is?”
Please recall that the Supreme court tossed Biden’s student loan forgiveness executive order on the major question doctrine.
The major questions doctrine is a legal principle that requires federal administrative agencies to point to clear congressional authorization before making rules with major economic or political significance.
Trump is undermining his own case with stupid, uncontrolled rants.
Next, how the hell do we arrive at $2 trillion in the first place?
The US collected nearly $195 billion in tariff revenue in fiscal year 2025. I suppose we can arrive at $2 trillion if we are talking about 10 years.
But only a fraction of that is under review by the Supreme Court. Only the IEEPA tariffs are under review.
Mish: How much IEEPA specific tariff revenue was collected so far in 2025?
Grok: As of November 15, 2025, approximately $90 billion in tariff revenue has been collected under the International Emergency Economic Powers Act (IEEPA) for the year so far. This figure aligns with estimates from U.S. Customs and Border Protection (CBP) and analyses by the Committee for a Responsible Federal Budget (CRFB), covering collections from February (when initial IEEPA tariffs on imports from China, Mexico, and Canada took effect) through October 2025. It represents the portion of total FY 2025 customs duties ($195 billion, a 150% increase from FY 2024) attributed to IEEPA measures, such as 10% universal tariffs, country-specific reciprocal tariffs (10-125%), and fentanyl-related tariffs (up to 20%).
| Month (2025) | Estimated IEEPA Revenue | Key Notes |
|---|---|---|
| Jan | $0 | Pre-IEEPA implementation |
| Feb-Mar | $8-10 billion | Initial fentanyl/trafficking tariffs on China/Mexico/Canada |
| Apr-Jun | $25-30 billion | Universal 10% + reciprocal tariffs rollout |
| Jul-Sep | $35-40 billion | Peak collections; adjustments for trade deals (e.g., China suspension) |
| Oct | $15-20 billion | Ongoing reciprocal hikes; appeals court stay |
| Nov (partial) | $5-6 billion | Projected; subject to SCOTUS decision |
| Total | $90 billion | CBP/CRFB estimate through Oct; dynamic effects may adjust slightly for import shifts |
OK. Let’s call that $90 billion for 10 years of $900 billion. That’s still a major issues question exceeding the court strikedown of student loans.
So we are at $90 billion and falling thanks to all the TACOs with Friday offering a big one.
Meanwhile, as noted by the WSJ, Trump is raising tariffs on steel and aluminum that are far more destructive.
Trump Labels Those Against Tariffs as “Fools”, Proposes $2,000 to Everyone
On November 9, 2025, I noted Trump Labels Those Against Tariffs as “Fools”, Proposes $2,000 to Everyone
Trump proposes another massive wealth redistribution scheme.
Four Trump Tariff Positions
- Use Tariffs to eliminate the deficit and pay down debt
- Use tariffs to bring production back to the US
- Use tariffs as a redistribution scheme to give everyone $2,000
- Use tariffs to pay for the damage Trump he caused to farmers
$2,000 Redistribution Math
- Total Population: 343 Million – Cost $686 Billion
- Noninstitutional Population Age 16+ of the US: 274 million – Cost $548 Billion
- Noninstitutional Population Subset: 200 Million – Cost $400 Billion
Five Questions
- Who pays the tariffs?
- Since when do Republicans cheer massive money redistribution schemes?
- How does one eliminate the deficit and pay down debt when the deficit is much larger than tariffs can bring in?
- How can tariffs simultaneously bring back production and collect money?
- How can you redistribute $400 billion minimum, plus farm bailouts, and shrink the deficit?
Five Answers
- US consumers and businesses
- Since Trump
- You don’t
- You don’t
- You don’t
What’s Trump Doing?
This is speculation on my part, but I think he is futilely trying to drum up support for tariffs when the Supreme Court rules against him on reciprocal tariffs.
Trump wants to blame the court for their ruling if and when it goes against him. (Note: I have a post coming up on the Court decision regarding the odds, and the vote count by individual justices).
Of course, never discount the possibility that there is no rationale for Trump’s madness, so there’s just madness. He says or does things on whims without thinking.
Plenty of Anger
Trump is angry at the Supreme Court, he is angry at inflation, he is angry about housing, and he is angry at people for not believing there is no inflation.
He is angry at everyone but the one person he should be angry with, himself.
Lutnick Says Tariffs Can Eliminate the IRS and Balance the Budget
On March 12, I commented Lutnick Says Tariffs Can Eliminate the IRS and Balance the Budget
Lutnick: “We’re going to make the External Revenue Service replace the Internal Revenue Service.”
I ran the math on that ludicrous idea. Team Trump only needs to bring in $7 trillion in tariffs on $3.3 trillion in total imports.
On Friday we saw the biggest TACO yet as Trump tries to undo the inflation damage he caused.
Please note Trump screwed farmers when China retaliated and he wants to pay them back.
And his $2,000 rebate deal is to mollify consumers for the price hikes he caused them.
But there is no way to pay back all of the small businesses Trump put out of business with his hugely damaging steel and aluminum tariffs, and tariffs on parts used by those businesses.
I am laughing at banana stupidity, now reversed, and also at the stupidity of Trump’s rants. But his other tariffs are no laughing matter.
Oh. There’s one more thing. “Trade wars are good and easy to win.”
Addendum
Reader Albert: “This is how banana republics are run.”
Mish: Are you singing the tune : Yes, we have gone bananas, we have gone bananas today?
TWS Poster Child
Albert: “This is how banana republics are run.”
Mish: Are you singing the tune : Yes, we have gone bananas, we have gone bananas today?
PapaDave Gets It
PapaDave: All correct Mish. Tariffs on anything that must be imported because we do not produce enough for our internal needs are foolish.
In particular, tariffs on steel, aluminum and copper imports are making US manufacturing even less competitive than it was before.
Funny how these tariffs have the opposite effect of what Trump says he wants.
Michael Engel Misses the Boat
Michael: Narrow minds libertarians and globalists are against tariffs. Tariffs protect essential industries, trillions invested in them and highly skilled workers employed by them. AI will be part in our lives, as electricity became 100 years ago. We will benefit from it daily even without thinking about it. The zoomers will benefit from it. The boomers will enter their graves one at a time.
Mish: What a crock of bs.
People like Trump (and all the TWS crowd) only looks at one side. At huge cost, we increase steel and aluminum production. Maybe we save 5,000 or whatever steel jobs.
Fools do not look at the cost. This is really amusing and easy to see because the automakers do not want steel and aluminum tariffs. Their costs rise. And all the small industries that need aluminum and steel raise prices IF they can and go out of business if they can’t. For every job “saved” we lose 10 jobs elsewhere.
No matter how many time you explain this, fools cannot see it.
Why: Because they are brainwashed fools. That’s why.
Protect jobs – what a FN hoot. This has been proven time and time again.
There’s a pretty big irony here. The automakers want auto tariffs, but not on the parts they need and not on the steel they use. The automakers just want tariffs on imported cars, but not their own models produced elsewhere.
The steelmakers want tariffs on steel but not on the raw materials they need to produce steel.
Fools cheer the idiocy of this setup.
“Trump is angry at the Supreme Court, he is angry at inflation, he is angry about housing, and he is angry at people for not believing there is no inflation.”
He’s also angry at MAGA, how dare Massie and M T-G take it seriously!
Perhaps Trump failed third grade math because he was too busy bullying first graders and stealing their lunch money? Hard to say how he became sooooo incompetent and mathematically challenged.
Why penalize small countries like Guatemala that provide coffee, bananas and other tropical fruit ?
Costa Rica provides about 85% of the USA’s pineapples, the remainder 15% are from Hawaii.
These small countries are not significant consumers of major USA products and services like John Deere, Harley Davidson, and Cadillac.
Hawaii and Puerto Rico could be major producers of coffee. And Florida use to be well known for pineapple production.
Bessent has said the $2,000 rebate will probably only go to families making less than $100K. You’ve read this, but it’s odd that you don’t mention this. Why is that? In your own way, you’re being just like TACO making exaggerations. Granted, it’s not nearly as often.
What difference would mentioning it make to anyone here? It just means everyone making over 100k is getting taxed for the benefit of those making under 100k. How is that good?
Because it’s part of providing the full picture as we know it. That’s called good journalism. What Mish is engaging in this specific case is sensationalism & bias.
Googl Ret on invested capital: 33%. Net income: 34%. Debt: minimal. Retained earnings: 93%. They suck the air from the smaller guppies. AI will beat their Utube and research. If investors trim positions SPX will drop. BRK.B will buy more.
Bizarre rant #1: $2,000: precision targeting Obamacare, not the whole 350 million population. Bizarre rant #2: tariffs pay down debt, along with income taxes, payroll taxes collection… Bizarre rant #3: Inhale: bring production back to the US. Bizarre #4: Pigs/chicks and meat for REE. US farmers sold soybean onshore to Chinese slaughterhouses plus dividends. Bizarro #5: exporters/importers and consumers pay tariffs. Bizarro #6: Libertarians: AI cause deflation. IBM 370 vs cell phones. Bizarro #7: Cooling chip directly is more important than the chips themselves and their software. What boat: don’t miss the flight.
Arithmetic for how tariffs can pay down debt? Tariff revenue, or some other magic source of revenue, has to exceed 1.8 trillion dollar. At an average tariff rate of 18%, import of goods on which tariffs apply would have to exceed 10 trillion dollars. Imports in 2024 were 4.14 trillion, and on a lot of that there are no tariffs.
Taco finally admits that tariffs are inflationary. What a joke he is.
My 2-year coffee supply was just about exhausted – so thank you Mr. President.
The country is headed directly toward a Bernie (Madeoff) Madoff moment, when even 20-25% of the administration’s most ardent supporters(especially those with 401k’s) realize that they’ve been had.
While the release of the Epstein files appear dead in the water with the appointment of a special counsel to generate an active ongoing investigation(a plan likely conceived in the failed Boebert WH situation room encounter),the transparency of this absolute corruption will be well illuminated by an ongoing supernovae of media attention.
“That would truly become an insurmountable National Security Event”
Is this the gambit? Claiming a NSE if tariffs are rejected? That sounds like an ’emergency’ situation that will never end!
The correct answer is a failed presidency and policy that will ultimately achieve nothing except massive inflation and massive new debt. Democrats will win midterms and block the rest of the stupid agenda. If a democrat wins in 2027 he/she will undo everything Trump did and bring back the dem agenda. So what was the point? For me it’s profits. For others it’s egg face and hubris.
Kudos to you Mish for getting this right from the very beginning and tolerating TWS clowns that shall not be named that kept insisting tariffs don’t cause inflation.
Here we are with Trump admin officials admitting what we already knew and it only took 10 months. How many more months before other tariffs get removed?
Apparently the revelation that he blew bubba shook something loose.
The depravity of these people is beyond comprehension. Still, Bill was of legal age at least.
As I recall from the $70 million investigation, Bill Clinton doesn’t consider BJ sex so technically, Trump and Bill never had sex.
Ah right. I had forgotten the definition changed.
Speaking of definitions:
https://m.youtube.com/watch?v=j4XT-l-_3y0
Madam Lewinsky lived with her mums and step pops on 59th street facing central park between 5th Ave and Columbus circle. She is a rich women. She got a lot of NYC RE.
During Sept military parade with Putin and Kim Jung Un Xi declared: China rejuvenation is unstoppable. Taiwan and the Indo/pacific region belong to China. Can he strike before 2027, along with: Putin, N. Korea and Iran.
Serious people skip on most intellectual elite commentators, herding together, competing with each other, building a bubble of junk !
Michael,
Your problem is that your kaballah kung fu is too weak You need to upgrade to twin platinum double dragon – iron tiger kaballah kung fu and then you might have a chance.
Keep training, someday you may become elite too.
CNBC don’t care about Biden’s monks. They love Shaolin fist.
I would say Trump is absolutely encouraging those moves. If Trump can all of sudden start military buildup toward Venezuela. If he can strike Iran, if he is also rolling red carpet to Putin then what is a message going out, It is simple, if you strong you do what you want.
So Trump is perfect president to enable such Taiwan invasion. Plus with his taco attitude China knows now he is paper dragon.
I would say China should really consider striking Taiwan now as next president might not be so easy to breaking international law. Unfortunately when you have unstable person as head of superpower this enable also bad behavior on other superpowers which might otherwise be less willing to do some bad staff.
Imo still wont work. So you keep tariffs on imported goods the us can produce.. Other countries will just do the same and were back to square one.
Imo tax revenue should be a closed loop as much as possible. Say snapp for instance. That money is given to people to spend on food. Employees of the stores earn wages and producers of the food spend money to produce the food. All aspects are getting taxed along the way. So the dollar spent should at least generate a dollar in tax revenue and balance out. We need to eliminate spending where there is a loss. That includes tax breaks.
Folks getting tax breaks can plow the extra cash into charitable contributions to 501(c)(3) organizations that — promote more tax breaks, and get a write-off on that, right?
It’s amazing how fast people criticized Biden’s mental capacity but not Trump. Biden would eat ice cream then fall down stairs however Trump rages then destroys businesses when his cognitive dissonance kicks in. Both of them have mental issues!
The President of the United States of America told the American people they should read a spreadsheet of trade imbalances with our trading partners like a profit and loss statement. The best that can be said is he’s stupid.
Stupidity is his best quality.
you vote for clown you got a circus, easy as that.
FUZZY MATH . . . So American Consumers are going to get a $2000 check for Trump’s Tariffs that were charged on Goods imported into the U.S. which resulted in higher prices for those Goods that Consumers had to pay . . . Does that sound about Right ! How gullible are American Consumers . . .
And the cost of the checks will exceed the amount of tariff money brought in, leave the farmers losses in place and grow the deficit.
Trump is a massive failure!
But but but no, not possible. Exporters are paying those tariffs because America is the hottest country in the world and everyone wants to sell their bananas here.
Still don’t understand why they were imposed in the first place.
Nobody knows. It may have all come down to two Greek letters, and the White House didn’t understand Greek.
T.A.A.C.O.
Trump At Any Cost Orangutans.
They will believe anything.
The Grifter in Chief is a cornered rat of his own making. The tariffs were an admission the US can’t pay it’s bills without stealing, then the climb down shows the bills will never be paid. Lending money to the US at this point is a suicidal mission, yield will explode higher when it becomes obvious to the masses. On top of all that, who the hell would wanna rely on selling to the US, business just can’t survive jungle laws & warfare.
And yet, it’s what they do: loan us their pretend money. They loan us money that cannot be paid back. It’s genuinely not as horrible as it sounds. For instance, they could just as easily make an accounting entry: credit cash 10 billion: debit incinerator 10 billion.
May I remind you most US debt is in the hands of US citizens & banks balance sheets, knowingly or not.
Yawn.
And, then the Buffoon offers a $2,000 Bribe.
Trump’s bonuses: $2K to replace Obamacare. $1,000 deposit in MAGA saving account for US babies. Vouchers for school to replace the teacher union. $2.2K/child so moms can go to work. A few blue collar workers get biweekly bonuses if they produce more. Traffic controllers got a $10,000 bonus for working during the dems shutdown…
I appreciate at least some incremental movement to contain costs. But are these incentives really incentives enough for serious change? Many will bottom out with these pittances in place of programs. If that redistribution of losses is needed to save the republic, OK, let’s have that conversation, not insult people with nickels and dimes. Might as well offer NFTs or Trump meme coins or digital trading cards.I would be the first to agree, for example, that the miserable state of about half of American families financially should not have been allowed to happen, i.e., they have been living irretrievably beyond their means. They should have planned more responsibly, and there is some price to pay, rather than just handing others the dinner check without end. Yes, this endless bailout is not a fix, it is sinking into a quagmire. But what is a path from there?
Buying votes? Wait until election season they will definitely have the cheque book out then and as usual, Americans will follow the money.
Transactional voting. What’s best for “me” is far more important than what’s best for the country and what supports democracy. The GOP is counting on it.
That’ll buy a months worth of meth for his meth head followers.
He learned this tactic from the Demoncrats.
Nice to see you correctly and firmly in the “taxation is theft” camp.
Prices will not go down. Profits will go up.
Musk Optimus robots. LMT Self Flying Helicopter U-Hawk. Pilotless, without cockpit, it can fly 2,000 miles carrying special forces, a large front door for more cargo, missiles, drones, or Wolf Hunter 6×6 AI donkeys. DARPA and Sikorsky developed the program.
Generals who like cost cutting and a longer range might order thousands of them to replace the 60Y old Black Hawk
we should make of them what the events clearly make of themselves: an admission that tariffs caused food prices to go up.
The point of tariffs is to lower competition of imported goods by raising their price. That is overtly how they are supposed to work. To argue that they don’t raise prices for the end consumer is idiotic. If they don’t, what’s the point of them? how are they supposed to drive domestic production?
Well, the question is who pays the increased price. In the best case scenario, you would have a highly competitive internal market, in which case the importer would pay the increased price, since competition would make price increases impossible. The US unfortunately has a very oligarchical market, which allows companies to collude to increase prices on consumers. President Trump is obviously not bright enough to understand all of that. So it just ends up being an indirect tax on consumers. But it’s okay, because MAGA will blame Biden and the radical left liberal lunatics.
“The point of tariffs is to lower competition of imported goods by raising their price” The point of Trump’s tariffs has always been to raise money to support his plans. The rest is all BS
How else would we bail out Argentinian beef or soybean producers? /s
This is how banana republics are run. Fittingly, Trump’s order also removes tariffs on bananas from some of the key banana exporters. But at least Trump’s tariff policies have been consistently weird.
Trump’s tariff policies are failing.And he is confused and reacting [ TACO ].Trump is demoralized by the recent victories’ of the Democrats.
He says he has sort of kinda made up his mind about Venezuela…
I will be interested to see if the current incoherence spiral in the Trump world continues to compound. I wonder if its obviousness is now becoming apparent to the faithful designated payers. Some private entrepreneurial personalities in his noise-sphere are peeling away, testing alternative narratives, as his attempted from-the-hip narratives and weird promises and assertions start self-negating in ever tighter cycles.
“This is how banana republics are run.”
Are you singing the tune : Yes, we have gone bananas, we have gone bananas today?
We need to get rid of Medicare and Medicaid. They are direct payments to Big Pharma! Of course this will not happen. Neither side will do anything to end big government!
Lobbying the Congress,[ by Big Pharma and others ] is mere corruption and has to be stopped.
In order to do that you would have to get rid of Citizens United. And we all agree that corporate free speech is more important than small government.
We could make a youtube channel of poor people dying of treatable illnesses, for the entertainment of the wealthy.
1.4 billion Chinese are starving. Their pork/chicks were hit by a virus. Their producers in the US exported pigs/ chicks and meat to China as much as they can. Their RE collapsed. Their big banks and regional banks are in the red. They auction houses/apt/factories, but there are no buyers. Chinese hospitals and maternity wards go bk. Kindergartens and schools are closed. The last thing Xi needs is to aggravate Trump. Social media can, Xi can’t
What universe are you living in? Or do you just like lying? China’s problems are dwarfed by the US problems. If what you described was happening the whole world economy would be in total collapse considering they are all intertwined. You Michael consistently talk shit & always have a bigoted story to tell.
The PBOC will simulate again in 2026. Trump is changing a 60Y trend. The globalists exhaled our industries. Our lung’s alveoli (sacks) were infected by them.
What on earth are you reading? Alice in Dunderhead?
Ross Perot: Giant sucking sound.
He had a stroke a couple months back, and doesn’t appear to have gotten any treatment.
All correct Mish. Tariffs on anything that must be imported because we do not produce enough for our internal needs are foolish.
In particular, tariffs on steel, aluminum and copper imports are making US manufacturing even less competitive than it was before.
Funny how these tariffs have the opposite effect of what Trump says he wants.
I don’t disagree with your basic premise here, but I thought you said that these steel, AL, & CO tariffs would lead to a wave for companies laying off workers do to their being uncompetitive. We’re five months in, when do you think this will happen?
Again, we both agree that these excessive tariffs are crazy. Granted, I’m open to some form of tariffs on these commodities, but 50% is too much.
So, I am asking my question is a serious manner. I’m not saying it isn’t going to happen eventually, but so far that prediction doesn’t seem to be the case.
It just takes a 5 second google search to find information on layoffs.
https://www.cbtnews.com/uaw-rallies-after-500-layoffs-at-cleveland-cliffs-dearborn-steel-plant/
These are not the level of layoffs that PapaD was speculating on. He was talking about tens of thousands of people losing their jobs.
800 delayed layoffs because of a “deal”…
https://www.cnn.com/2025/09/08/business/us-steel-mill-closing-no-layoffs-under-trump-deal
And then there are the secondary effects.
https://www.steelmarketupdate.com/2025/09/22/john-deere-plans-over-100-layoffs-at-two-iowa-facilities/
Why do you feel the need to exaggerate and misrepresent what I said? I have never said a “wave” of layoffs. I said that tariffs on manufacturing inputs will make manufacturers less competitive. And we will lose more jobs in manufacturing over time than we will gain in the production of those inputs, such as steel, aluminum and copper.
Pretty simple. Why do you want to misconstrue what I said? What can it possibly gain for you?
“Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on.”
― Frederic Bastiat, The Law
But Trump says, even now ,that the exporting countries to US pay the tariffs [ today’s CNN or TheHill website].
SCOTUS should note this and disallow tariffs on yet another ground,namely:- A person who does not know who pays the tariffs does not deserve to have the Power to impose them.
He does know. He is lying.
A person who does not know to see through lies from a habitual liar — perhaps the most egregious example since Joe Isuzu! — does not deserve the power to vote for them.
> ” today’s CNN or TheHill website ”
Yes, you’re citing them for a simple fact here. But if you regularly glance at regime info pollution, you’re undermining your personal development and caught in one of their traps to prevent you from making a meaningful difference.
Apparently, a growing population in the world, indeed almost everyone, is lying, distorting, misunderstanding, and falling into radicalism, except the orange guy. Nobody else can see the obvious truth only he can see.
right, it’s like when he’s telling cattle ranchers they are stupid for thinking his tariffs hurt them. he knows better.
At the same time telling them that they are doing great because of his policies. Great example of schrodinger trump.
China, Japan and Europe are shrinking. Per capita will rise along with AI. New immigrants replace them and their civilizations.
New immigrants will adopt their civilization, and it will continue with good folks with a slightly darker skin tone.
Tariffs slow an already slow economy. we are in the age of blame and escape from reality. A 1.6% economy is a pig that requires a lot of lipstick.
Narrow minds libertarians and globalists are against tariffs. Tariffs protect essential industries, trillions invested in them and highly skilled workers employed by them. AI will be part in our lives, as electricity became 100 years ago. We will benefit from it daily even without thinking about it. The zoomers will benefit from it. The boomers will enter their graves one at a time.
US does not seem to have, even ” the essential Industries”, as it is highly financialized. For example it lacks Infrastructure, especially Power, which is being gobbled up by the Data Centers and the Crypto-Miners.. The resulting high price of Power will also make many industries unviable.
Wall street globalist lack brain power. Data centers chips will be cooled directly instead of cooling the whole system. When ready they will cause deflation. Prices will be lower. Income of highly skilled workers will be higher. Tariffs protect essential industries. The are pd by exporters/importers and consumers. They, in tandem with deflation, will cause little inflation. In a good econ, nobody complain about higher prices. Lower rates, higher income taxes, payroll taxes, tariffs, student loans…but first we have to finance the dems shutdown !
OK: What industry have we protected?
Then tell us the cost.
Narrow-minded fools only look at one side of the equation.
Aluminum is the perfect example.
Of course…I just bought coffee where they were still selling it at a cheaper price. I should have factored in the flip-flop and waited.
The only thing this policy does is explicitly state that tariffs DO raise price on the end consumer as removing them is designed to have prices rollback. Now, will they roll back to the old price?
The chaotic shoot-first ask questions later approach is frustrating.
For those who were alive during the first administration, this was expected.
Since we are talking about TACO, it does not mean that – lol.
The Trump showman chaos is the noise to disguise the think tank policy signal.
The chaos is also a negotiation with the public, to see how much shit they’ll take as the imperial strategists seek to decouple from China (the policy signal).
As the regime parses online forums for signs of serf anger, it decides whether to throw the serfs a bone.
Capo dei capi chaos knocked on our doors. Chuck has to decide whether he is loyal to the boss of the bosses, or responsible to us. AOC is noise. If Chuck shuts the gov down again Trump will know how to respond.
Trump is/was wrong about the tariffs as he does not understand them,especially in the current scenario. He banked on INTIMIDATION of other world leaders.
You’re looking at and listening too much to the lead actor bogarting the camera.
Governing is a show, with an ensemble cast, teams of writers, a director for each POV (media propaganda outlet), producers, and bankers. The producers even pay off theater critics and audience members to boo and clap more or less.
With search algos and now AI, it’s even easier to fool and rule.
…
Trump was picked to do what he’s doing, by people who set the agenda. The people behind him DO understand tariffs. If it’s hurting the serfs, it’s just a cost of them doing business.
>> it’s just a cost of them doing business.
(A cost they do not pay personally.)