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.David Sacks: “People are realizing that Trump's willingness to raise tariffs on countries as a threat to renegotiate better trade deals is working … Add it all up. It's effectively $2 Trillion of stimulus into the US but without money printing … so it's non-inflationary.”

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1,220,640 次观看 • 1 年前 •via X (Twitter)

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Secretary Howard Lutnick explains how foreign countries use taxes/tariffs on American products to subsidize their exports: "This is the reordering of FAIR trade. People think it's all about tariffs — it's about those non-tariff trade barriers. That's what we are addressing."

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You can't replace income tax with tariffs unless you're charging more than 20%. That's too much. It's inflationary. Tariffs are short-term weapons to rebalance trade. India's a great example. They've had 110% tariffs on automotive going into India, and now the Indians have come to the White House and said, "Okay, let’s redo this. We'll work out a deal." And if we end up with zero tariffs with India or 10% each way, that's a good thing. But tariffs in themselves will not solve the deficit because they just cause prices to go up. I think Trump knows that, but it's great short-term weaponry and wow, is it ever working right now. The whole world keeps showing up at the White House. If they pen a deal with India, that'll become the template for all the other countries. Boom, the market goes up. We all want to see that. It's time. No administration's ever tried to negotiate 60 trade deals at once. This is crazy chicken stuff, but if you're gonna go for it, go for it.

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Rapid Response 47

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