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50% tariffs on EU starting June 1
61 responses |
Started by metmike - May 23, 2025, 8:13 a
https://www.marketforum.com/forum/topic/112084/
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Tracking the Tariffs Buffoon that still hasn't made a deal with China (and most countries) with his extremely counterproductive, ILLEGAL tariff schemes.
Revealing the secret to maintaining the MAGA brainwash:
There was no mention of his failures such as Trump Airlines, Trump Taj Mahal Casino, Trump Hotels and Casinos Resorts, Trump Entertainment, Trump Vodka, Trump University, Trump Steaks, and several others. All of these businesses either failed, ended in lawsuits and closure for defrauding students or were bankrupted.
In general, the principles seem fairly obvious- most entrepreneurs think big and are ambitious in attaining their goals and it’s always advisable to know the market one is going to trade in! In light of some of his business failures and the the allegations of fraud (the case was settled without fault by Trump for USD 25 million), one wonders how sincere he was about providing value and following through on promises.
When it comes to leverage, it’s again, standard practice to know what your alternatives are in negotiation – generally referred to as a BATNA- which is much more technically expressed by the authors of Getting to Yes
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Trump's reputation as the great deal maker, as we've seen from the REAL world in 2025 was complete fiction.
It exists in his imagination and the minds of millions of the brainwashed MAGA people that want to believe in it and everything else he says.
I've studied his deal making skills closely this year. I've studied the economic principles of trading between countries and the differences between FREE trading and trading with tariffs like Trump's.
He completely lacks comprehension about the later and his deal making's biggest flaw is his extremely pathological thinking that elevates himself, because of his delusions of grandeur to an infallible person that sabotages most of the deals because his mind, greatly amplifies a super human power that he imagines himself to have over other countries and their leaders.
It's true that he is the most powerful person on the planet by virtue of being the president of the most powerful country in the world.
It's true that his enormous over reach of that power is enabling him to exploit and abuse that power here in the United States where the R Congress has ceded their power to him, instead of challenging him when he makes really bad decisions.
That doesn't work so well when he's dealing with other countries that have strong leaders.......which is what counts with foreign policies, especially tariffs.
The leader of China has made him look like a fool.
Putin has made him look like a fool.
Netanyahu is controlling him like a puppet on a string.
Trump keeps making up that he stopped 7 wars and deserves the Nobel Peace Prize. He even imposed a 50% tariff on India because their leader would not agree with Trump's bs about stopping their war.
He imposed a 50% tariff on Brazil for the sole reason that his far right pal was not being treated right in Brazil. Brazil's response? To completely ignore him while US companies are the ones that pay the Trump tariff on Brazil and pass their cost on to consumers later this year. Egads, man!! How is somebody like this our president!!!!
These war stopping fairy tales that he feeds us is imaginary. The 2 wars that the world cares about are the one in Ukraine, that he claimed he would end in 24 hours and the one in Gaza, that he's played a key role in making MUCH WORSE.
The question is no longer whether Trump will damage the economy and hurt consumers but how bad will the damage be?
Maybe his illegal tariffs can be stopped to minimize that part of the damage.
BTW, his claims that the tariffs will be bringing massive jobs back to the US is delusional. His unstable, impulsive and constantly changing rules and conditions to his tariffs and everything else, depending on how deranged he is that day would make most companies apprehensive doing business with him and no matter what he or anybody else does, all those manufacturing jobs will never be coming back. Only somebody that doesn't understand global economics would think that. Sadly, one of them is the most powerful man in the world!!!
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I would greatly prefer to focus on positive messages here but as somebody following this closely and understanding it extremely well, i feel obligated to enlighten others.
https://www.bbc.com/news/articles/cj9zedgkm21o
Last month, Trump suggested that he would keep extending the deadline until a buyer for TikTok could be found and called national security and privacy concerns related to the app and its Chinese parent company ByteDance "highly overrated".
Trump was highly critical of TikTok during his first term in the White House but softened his position after he gained popularity on the app during the 2024 presidential election.
In August, The White House launched its official TikTok account.
