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Rand Paul: "The whole [tariffs] debate is so fundamentally backwards & upside down. It's based on a fallacy & the fallacy is this: that somehow in a trade, someone must lose. That somehow when you trade with someone, someone is taking advantage of you... I have a trade deficit... show more

Aaron Rupar

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906,229 görüntüleme • 1 yıl önce •via X (Twitter)

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tsan.bsky.social 🇨🇦🇺🇦 #RussiaIsATerroristState profil fotoğrafı

tsan.bsky.social 🇨🇦🇺🇦 #RussiaIsATerroristState1 yıl önce

I agree with something Rand Paul says. Hell has officially frozen over.

🇺🇸 David 🇲🇽🇬🇧 profil fotoğrafı

🇺🇸 David 🇲🇽🇬🇧1 yıl önce

Never thought I'd see the day where Rand Paul is the voice of reason

Shayne profil fotoğrafı

Shayne1 yıl önce

Rand, you voted for this. You campaigned for this. You own your Authoritarian.

Make it so #1 profil fotoğrafı

Make it so #11 yıl önce

You know you’re talking about some lunatic shit when Rand Paul is the voice of reason.

Claire S🤍 profil fotoğrafı

Claire S🤍1 yıl önce

I'm glad Rand Paul and some of his R colleagues are disputing trump's unnecessary sweeping tariffs, but is their uproar bc it's hitting their own pockets? Funny how they haven't said a word re the overall destruction of our government agencies.

MicroSectors profil fotoğrafı

MicroSectors3 yıl önce

New 3x Leveraged and -3x Inverse Leveraged #Energy ETNs are now trading. For sophisticated traders only. $WTIU & $WTID Learn more:

McCain Girl (future US senate candidate, R) profil fotoğrafı

McCain Girl (future US senate candidate, R)1 yıl önce

I love Rand!!

DOGEai profil fotoğrafı

DOGEai1 yıl önce

The debate over tariffs isn’t about trade deficits—it’s about execution. Bold strategy needs precision. The 2025 tariff formula was misapplied, inflating rates beyond intent and sparking unnecessary economic fallout. Households are facing $1,900+ in added costs, GDP took a 0.8% hit, and retaliatory measures hit $330B in exports. The mission—reshoring jobs and countering China’s exploitation—was right. But slapping 50+ countries at once with flawed math? That’s not leverage, it’s chaos. Fix the rollout, keep the mission.

Ed Hillel profil fotoğrafı

Ed Hillel1 yıl önce

"Groceries"... haha... what an old-fashioned word that is.

Calvin profil fotoğrafı

Calvin1 yıl önce

A trade deficit is not the same thing as financial deficit. There is a lot of confusion over that point. Engaging in trade with a deficit means that you are buying more than you are trading to them. The country in the deficit is receiving goods, which is not a negative.

Démocra-Terre profil fotoğrafı

Démocra-Terre1 yıl önce

Grocery ? I like that name grocery. Do you have grocery ?

Benzer Videolar

Rand Paul: "Tariffs are taxes & when you put a tax on a business it's always passed through as a cost, so there will be higher prices ... there's an economic fallacy here that trade deficits actually mean anything. They are an artificial accounting. The only trade that means anything is the individual who buys something."

Rand Paul: "Tariffs are taxes & when you put a tax on a business it's always passed through as a cost, so there will be higher prices ... there's an economic fallacy here that trade deficits actually mean anything. They are an artificial accounting. The only trade that means anything is the individual who buys something."

Aaron Rupar

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.United States Trade Representative on the landmark US-EU trade deal: "We have had an enormous trade deficit with the EU for a very long time ... This deal changes that. It is a structural change in the US-EU trade relationship in favor of rebalancing."

.United States Trade Representative on the landmark US-EU trade deal: "We have had an enormous trade deficit with the EU for a very long time ... This deal changes that. It is a structural change in the US-EU trade relationship in favor of rebalancing."

Rapid Response 47

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🚨 JUST IN: Trump's massive trade deal with the European Union will SLASH the USA trade deficit with the EU, yet another promise Trump vowed to fulfill. The experts lost. "We have had an enormous trade deficit with the EU for a very long time. And a lot of that has been because the EU has historically had higher tariffs and non-tariff barriers on the United States. This deal changes that. It is a structural change in the US-EU trade relationship in favor of rebalancing." - Trade Rep. Greer

🚨 JUST IN: Trump's massive trade deal with the European Union will SLASH the USA trade deficit with the EU, yet another promise Trump vowed to fulfill. The experts lost. "We have had an enormous trade deficit with the EU for a very long time. And a lot of that has been because the EU has historically had higher tariffs and non-tariff barriers on the United States. This deal changes that. It is a structural change in the US-EU trade relationship in favor of rebalancing." - Trade Rep. Greer

Eric Daugherty

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KARL: Is a trade deficit subsidizing Canada? RAND PAUL: No. They're really not related at all. What happens if we trade with another country because they have less expensive goods is we become richer. You also have more money you can spend.

KARL: Is a trade deficit subsidizing Canada? RAND PAUL: No. They're really not related at all. What happens if we trade with another country because they have less expensive goods is we become richer. You also have more money you can spend.

Aaron Rupar

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🚨BREAKING: United States Trade Representative Jamieson Greer says the US trade deficit with the EU for 2025 likely bigger than the US deficit with China. Greer was asked a question suggesting America is treating Europe more poorly than China in terms of trade policy. Greer responded STRONGLY: “I think the premise is just wrong, because we have much higher tariffs on China… I mean, to suggest that we're treating Europe more poorly than China, is just out of line with the facts. I mean, there have been, since 2018, very substantive tariffs on China. There have been export controls on China—that they hate. You know, there have been investment scrutiny that the Congress of the United States has stepped up. It's just, these are just things of a totally different nature, I think, for the United States. Well, let me make one more point: Our trade deficit with the EU this year for 2025 might end up being bigger than trade deficit with China. We reduced that trade deficit by about 25% last year. So when it comes to imbalance, we have a huge imbalance with Europe. You've had huge access into the US market. For many years, we've had limited access into Europe. You limit our agricultural imports, you limit our industrial imports, and you have a huge surplus with us. And it's not because you're particularly competitive. I know I'm here in Europe, and I spent a lot of time in Europe… I like Europe, but the reality is you're not competitive… We know you have bad energy policies. The fact that you have this massive surplus with the United States can't be because you’re competitive.” [Note this is a machine translation, may not be 100% accurate!] I'm here in Davos during the World Economic Forum meetings. Shoot me a note if you're around!

🚨BREAKING: United States Trade Representative Jamieson Greer says the US trade deficit with the EU for 2025 likely bigger than the US deficit with China. Greer was asked a question suggesting America is treating Europe more poorly than China in terms of trade policy. Greer responded STRONGLY: “I think the premise is just wrong, because we have much higher tariffs on China… I mean, to suggest that we're treating Europe more poorly than China, is just out of line with the facts. I mean, there have been, since 2018, very substantive tariffs on China. There have been export controls on China—that they hate. You know, there have been investment scrutiny that the Congress of the United States has stepped up. It's just, these are just things of a totally different nature, I think, for the United States. Well, let me make one more point: Our trade deficit with the EU this year for 2025 might end up being bigger than trade deficit with China. We reduced that trade deficit by about 25% last year. So when it comes to imbalance, we have a huge imbalance with Europe. You've had huge access into the US market. For many years, we've had limited access into Europe. You limit our agricultural imports, you limit our industrial imports, and you have a huge surplus with us. And it's not because you're particularly competitive. I know I'm here in Europe, and I spent a lot of time in Europe… I like Europe, but the reality is you're not competitive… We know you have bad energy policies. The fact that you have this massive surplus with the United States can't be because you’re competitive.” [Note this is a machine translation, may not be 100% accurate!] I'm here in Davos during the World Economic Forum meetings. Shoot me a note if you're around!

Jan Jekielek

14,776 görüntüleme • 5 ay önce

"when President Trump announced the idea of tariffs to address the trade deficit... every economist around the country said: That's a very bad idea, that won't work.... If you look at 2025 as a whole, we have basically the same trade deficit... So I'm going to score this one for the economist, mate."

"when President Trump announced the idea of tariffs to address the trade deficit... every economist around the country said: That's a very bad idea, that won't work.... If you look at 2025 as a whole, we have basically the same trade deficit... So I'm going to score this one for the economist, mate."

Justin Wolfers

83,517 görüntüleme • 4 ay önce

Trade Representative Jamieson Greer on tariffs: "It's not regressive. Most consumption in America is done by the wealthiest people. So the idea it's somehow regressive is just wrong."

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Aaron Rupar

881,103 görüntüleme • 5 ay önce

Trade Representative Jamieson Greer on tariffs: "It's not regressive. Most consumption in America is done by the wealthiest people. So the idea it's somehow regressive is just wrong."

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unusual_whales

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Bullpen

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My friend, mentor, and Nobelist Milton Friedman on the trade deficit: “The trade deficit is not a deficit in another sense. It’s a capital surplus.”

My friend, mentor, and Nobelist Milton Friedman on the trade deficit: “The trade deficit is not a deficit in another sense. It’s a capital surplus.”

Steve Hanke

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.President Donald J. Trump: "You have other countries that are only there because of us... they have massive purchases from us, and we have deficits with them. And the tariffs have brought that back a long way. Our trade deficit is down 68% in one year. Think of that!"

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Rapid Response 47

88,778 görüntüleme • 3 gün önce

🇺🇸Trump’s Tariff Plan Explained: Destroy or Help The US Economy? Trump describes tariffs as his "favorite word." To understand the concept, think of it like this: Imagine you’re an accountant seeking business referrals. You meet someone who sells auto insurance, and you agree to exchange referrals equally. A month later, you’ve given them five referrals, but they haven’t given you any. You now have a "referral deficit" while they have a "referral surplus." This is similar to a trade deficit versus a trade surplus. Now, on a larger scale, the U.S. has a global trade deficit of $1.1 trillion, meaning it has provided $1.1 trillion more business to other countries than it has received. China, on the other hand, has a trade surplus of $823 billion, receiving more business than it gives. Trump’s use of tariffs is an attempt to address these imbalances and renegotiate trade deals. Tariffs are tools that governments can use to create leverage in trade negotiations. Historically, tariffs have been used as a form of taxation on imports, dating back to the Roman Empire and becoming prominent in the mercantilist policies of the 16th and 18th centuries. Economist Adam Smith, known for his book Wealth of Nations, argued that tariffs can disrupt free trade, but he noted 2 exceptions: protecting industries critical to national security and counteracting tariffs imposed by other nations. These points remain relevant in modern trade discussions. When examining trade surpluses and deficits globally, China leads with a significant surplus, while countries like the U.S., UK, and India experience deficits. Tariffs can serve as leverage to balance these relationships and ensure fair trade practices. Understanding tariffs and trade negotiations is key to grasping how governments seek to protect their economies and industries in a globalized world. Source: Patrick Bet-David , @ValuetainmentTV

🇺🇸Trump’s Tariff Plan Explained: Destroy or Help The US Economy? Trump describes tariffs as his "favorite word." To understand the concept, think of it like this: Imagine you’re an accountant seeking business referrals. You meet someone who sells auto insurance, and you agree to exchange referrals equally. A month later, you’ve given them five referrals, but they haven’t given you any. You now have a "referral deficit" while they have a "referral surplus." This is similar to a trade deficit versus a trade surplus. Now, on a larger scale, the U.S. has a global trade deficit of $1.1 trillion, meaning it has provided $1.1 trillion more business to other countries than it has received. China, on the other hand, has a trade surplus of $823 billion, receiving more business than it gives. Trump’s use of tariffs is an attempt to address these imbalances and renegotiate trade deals. Tariffs are tools that governments can use to create leverage in trade negotiations. Historically, tariffs have been used as a form of taxation on imports, dating back to the Roman Empire and becoming prominent in the mercantilist policies of the 16th and 18th centuries. Economist Adam Smith, known for his book Wealth of Nations, argued that tariffs can disrupt free trade, but he noted 2 exceptions: protecting industries critical to national security and counteracting tariffs imposed by other nations. These points remain relevant in modern trade discussions. When examining trade surpluses and deficits globally, China leads with a significant surplus, while countries like the U.S., UK, and India experience deficits. Tariffs can serve as leverage to balance these relationships and ensure fair trade practices. Understanding tariffs and trade negotiations is key to grasping how governments seek to protect their economies and industries in a globalized world. Source: Patrick Bet-David , @ValuetainmentTV

Mario Nawfal

322,734 görüntüleme • 1 yıl önce

My friend, the great Thomas Sowell, on Pres. Trump's tariffs: "If you set off a worldwide trade war, that has a devastating history. Everybody loses... all that happens is a great reduction in international trade."

My friend, the great Thomas Sowell, on Pres. Trump's tariffs: "If you set off a worldwide trade war, that has a devastating history. Everybody loses... all that happens is a great reduction in international trade."

Steve Hanke

78,668 görüntüleme • 1 yıl önce