Trump's Speech To Congress: Tariffs are NOT about Border. "It's About Making America Rich"
Trump's Speech To Congress: Tariffs are NOT about Border. "It's About Making America Rich"
I thought the reason for trashing trade agreements and taking a wrecking ball to the Canadian economy with extreme tariffs was because of fentanyl coming from Canada at the border?
Apparently not, says Trump, from his speech at Congress tonight: “... Tariffs are about making America rich again and making America great again”.
By his own words, he has just shown his big lie.
It's about making America Reich.
For the non-german speakers, this is smart and funny because "Reich" (as in "third-reich") means something like "empire", but also "rich".
This guy is trying to bring back mercantilism.
So they're illegal then?
Trump was only able to enact these tariffs without sign off from Congress (which he would absolutely not get) because they were enacted under the International Emergency Economic Powers Act. The act allows the president to apply certain controls over the economy so long as they're in response to a national emergency. At some point a while back either Trump or Biden, I forget which, declared a state of emergency over fentanyl. Trump is now using the tiny trickle of fentanyl coming from Canada as his justification for these tariffs because has to connect them to a state of emergency to enforce them.
If they're actually about making America richer (no matter how wrong he is about how that works) then they need approval by congress to go into force. Every single affected business in America should have standing to sue over that.
Who's gonna do anything about it anyway ? They're all in on it.
Absolutely right. He knows what he’s doing. He’s messing with the law expertly for years.
Well he went through his normally fentanyl crisis bs, then let this slip out about tariffs would make America rich.
Americans aren’t pushing back yet because they believe his lies AND believes it will make his country rich.
By america he means the rich folks.
Fuck Donald Trump.
Very disturbing.
US has an auto surplus with Canada. Vast overall trade, with exports 2% of GDP.
Tariffs are a sales tax that is somewhat regressive. What he's saying is more tax cuts for the rich can be financed by taxes on the non rich, but with a cost to production/output/employment too. Canada should be acting now, but sooner or later, if auto and other industry is destroyed, there are much higher value options than what's made in US, (and we subsidize auto industry heavily) and blacklisting US goods in Canada is not going to make the US richer, even if the oligarchs get lower taxes.
But the supremacist attitude to destroy Canada, whether or not "it pays off", is a betrayal that needs counter actions/diplomacy with others now instead of waiting/hoping that supremacist domination will be rationalized away.
In america the rich eat the poor
In Mother Russia, the rich eat the poor.
FTFY
That's what he said, america...
Okay, so it absolutely was market manipulation. A dump and pump. Cue the tariffs to be rescinded this afternoon.
More like creating the conditions of a fire sale to allow the oligarchs to buy up large swaths of whatever they fancy.
If it was intended to be a dump and pump, it's not going to work. Companies aren't going to reestablish supply chains just to get rugpulled later. More important than price and quality is consistency. Just the uncertainty alone will have an effect for years.
Yep look at the soy export market. After Trump's last fiasco on 2018 and Biden not reversing the idiot, Brazil has replaced the U.S. as the top exporter in the world.
In addition to huge costs of new plants, and finding replacements for skilled Canadian workers, there would be loss of Canadian market for those vehicles. China has better value cars, and US made cars would go way up in price to recoup those investments.
He lost the 2020 election for screwing up the US over Covid. A bigger recession won't help the midterms or 2028 "president for life decree".
Holy gawd you’re right. Ultimate evil.
He's missing an "e" there. It's about making America Reich.
Everyone knows a Reichsbürger beats a regular burger.
The fun part about Trump's voter base is that when you point to this, they'll still say it was about fentanyl. That's the beauty of presenting contradictory facts: idiots will cherry-pick whichever one they think makes themselves correct and everyone else wrong.
In fairness to MAGAts, the only info they are getting is Russian propaganda through Trumps mouth.
We still have free access to information in the USA. Anyone who remains misinformed is making an active choice.
Until you hear GOP/Trump renounce "misinformation", assume that wherever it is coming from, it is sponsored by GOP. It is counterproductive to blame Russia for Trump actions, because you are deluding yourself/fediverse into war on Russia will change Trump's mind.
The words of a weak, pathetic man.
I listened to it with my dad. Horrible. This guy is mentally ill and doesn’t comprehend what tariffs do. It will crash America’s economy and squeeze even harder the middle class there. Unless that’s what he wants..
No no, it'll make AMERICA (Trump's America, the billionaire and multimillionaire class) wealthier. That's what they want. The entire idea is to effectively crush whatever little middle class is left, and make the lower class dependent upon the whims of the aristocrats like him.
Basically, we're rapidly sliding back towards feudalism, with us as the serfs.
Just like how noone was punished for the great recession as corporations grabbed people's homes. They are salivating over the idea of doing that at a massive scale.
It would be underestimating Trump to think he doesn't understand what tariffs do.
He's backed by the richest men in the world, and he's going scorched earth to make them richer.
He's not stupid; he's greedy, nefarious and will stop at nothing to achieve his goals of making America's richest folks even richer at the expense of everything else.
Trump by himself is just a rambling old man. What is scary is the army of like-minded people worshipping him.
He believes he IS America, we will see if he's wrong
I don't know of any other word to use for him than evil. Who deliberately destroys millions of lives intentionally purely for their own monetary gain?
The problem is, many many Americans support this kind of leadership style of USA. The world needs to stop supporting America. Stop buying American products and services. America's only goal is destroy everyone and everything else for it's own gain.
translation for the masses: it's about "making america's rich, richer". he don't give a fk about you or me or anyone else. just those very few at the top (and even then, he don't care about them, either, unless they're giving him a cut or are a pathway to power)
Oh man exactly. Why do people buy his bs and lies so hard?
Mass hysteria, also, there is a more boring reason. Most people aren't really paying attention. I was at the gun store yesterday talking to one of the clerks about one of the AKs behind the counter. Mentions "ammo used to be dirt cheap but you can't get it anymore" (steel case ammo used to come from Russia), I joke with him "well maybe not for much longer". He responds with "I doubt it, it comes from Russia". In my head I was like, yeah, that's what I mean. Have you not been paying attention to Trump?
But at some point these rich people will have enough and all the extra wealth will trickle down, right? Right?
There ain't no you in United States
But there's "dees tits"
America's rich richer. 100%. Just eat these lies, hate people that are different from you, and then someday your life will be better. As long as you like the Russian lifestyle, that is.
As an American I feel like I need to apologize to the regular people of the world. I don't support anything this moron is doing. Fuck Donald Trump, the ultra rich and our spineless representatives.
Apologize all you want. Don't care.
Stop apologizing and go yell at your government officials. Run your republican magat governors out of your state government. Run your magat state rep or congress person out of office. Organize and go protest and get shit done.
Until then apologies are meaningless.
Ok, now stop apologizing and do something about it.
Momentum is building but like I said our spineless reps are not helping and the same half can protest all we want but it's much harder to educate the right or get them to see past the bullshit. It's definitely not as simple as running them off. Maybe last time he was elected but this time he somehow won the popular vote. I could talk all day about why I think that is but at this point it doesn't matter.
Thank you. Whenever I watch the American news, the only comments being made are about how Americans will survive the tariff war and be fine. And then how Trudeau should watch his words because canada "has no cards". No consideration is given to the destruction of the Canadian people and its economy, or any ownership taken for the fact that they just trashed the trade agreements under false pretences. I know there are good Americans out there, but why aren't more speaking up loudly?
It's so clearly a pressure tactic to strangle the canadian economy in an effort to annex it for USA and Russia.
It’s very sad. We have a mad king, and he’s hurting not just ourselves but others too. It makes me so sad to know that so many Americans voted for him. It says that something about us is deeply sick.
Are you doing something about it? Are you outside protesting?
If not, fuck your apologies. If you're not doing something to stop this then you are a part of this and you are my enemy. Your so-called President pulled the biggest and most infamous betrayal in modern history. Your country has pulled a 180 and stabbed their allies in the back and soon they WILL attack us militarily.
I repeat, if you're not doing something to stop this then you are a part of this. At this point, apologies are insulting. Pick your side.
This feels a bit extreme. I have been to the protests since he took office but they require that I take off work and I have a wife and 2 children to provide for so until war breaks out I can't drop everything to fight these assholes. I understand your anger but it's not fair to say I'm on his side just because I'm not protesting in the streets 24/7. The problem isn't just this president or the backstabbing of our allies because despite all of that the billionaires and mega corps are doing just fine while we fight amongst ourselves. The world as a whole has allowed this concentration of power that is the driving force behind all of this.
Narrator " it wasn't"
It's already rich. The wealth is just held by like 6 guys.
Oligarchy is the new black.