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Trump shows his failure to understand how tariffs on imported goods affect prices for consumers and insists that extremely high tariffs would incentivize companies to build factories in the US (they would not). The Bloomberg interview proved Trump is a terrible businessman.

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Leia

72,656 subscribers

67,417 Aufrufe • vor 1 Jahr •via X (Twitter)

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10 Kommentare

Profilbild von Leia
Leiavor 1 Jahr

You can watch the full interview here.

Profilbild von Leia
Leiavor 1 Jahr

Source for information at the end of the video about tariffs on imports. Tariffs on all imports would create chaos for business

Profilbild von Leia
Leiavor 1 Jahr

And then Trump's stock took such an extreme nosedive that training was temporarily halted!

Profilbild von ⓘ 𝕏publican f*ckery detected 🇺🇲
ⓘ 𝕏publican f*ckery detected 🇺🇲vor 1 Jahr

He's so fucking dumb he doesn't know how fucking dumb he is.

Profilbild von Leia
Leiavor 1 Jahr

Exactly!

Profilbild von M Traylor
M Traylorvor 1 Jahr

Those bankruptcies were well earned.

Profilbild von Leia
Leiavor 1 Jahr

Yes they were!

Profilbild von Josh Cameron
Josh Cameronvor 1 Jahr

Trump couldn't pass a High School Econ class.

Profilbild von Leia
Leiavor 1 Jahr

No he couldn't!

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Lorenzovor 1 Jahr

Trump will NOT charge a high tariff on all the Trump merchandise made in China and shipped here to be sold on his online Trump store. Trump’s bible, made in China, is known as the “King Trump version” of the Bible. Trump hats, ties, pins, flags, all made in China.

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Amock_

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Trump has been creating these trade wars that have resulted in Americans paying more for goods. Tariffs are taxes on Americans — consumers pay, not foreign companies. If they really helped, why are Trump and Josh Hawley now pushing rebate checks? Because voters feel the rising cost of living due to tariffs.
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Trump has been creating these trade wars that have resulted in Americans paying more for goods. Tariffs are taxes on Americans — consumers pay, not foreign companies. If they really helped, why are Trump and Josh Hawley now pushing rebate checks? Because voters feel the rising cost of living due to tariffs.

Jessica Tarlov

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Was on CNN tonight with Laura Coates to talk the Trump tariffs and how ill-conceived and destructive they are for American companies, workers and consumers.
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Was on CNN tonight with Laura Coates to talk the Trump tariffs and how ill-conceived and destructive they are for American companies, workers and consumers.

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Trump Tariffs Explained: Trump is charging 10% tariffs on UK goods. He's charging 20% tariffs on EU goods. In November it was estimated that 20% tariffs would cost UK 0.8% GDP. So let's say this means today's tariffs will cost us 0.4%. So Brexit saved us 0.4% GDP in US trade, but cost us 4% GDP in EU trade. So anyone calling Trump tariffs a "Brexit Success" CAN'T FUCKING COUNT!
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Trump Tariffs Explained: Trump is charging 10% tariffs on UK goods. He's charging 20% tariffs on EU goods. In November it was estimated that 20% tariffs would cost UK 0.8% GDP. So let's say this means today's tariffs will cost us 0.4%. So Brexit saved us 0.4% GDP in US trade, but cost us 4% GDP in EU trade. So anyone calling Trump tariffs a "Brexit Success" CAN'T FUCKING COUNT!

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Sen. Tina Smith: Is it your perspective that tariffs are not contributing to inflation? Trump nominee: I do believe that tariffs generally cause prices of some goods to go up relative to other goods Smith: The tariffs implemented raised spending amounts by 3.1%. That would argue that tariffs are contributing to price increases. Nominee: I think it's too early to tell exactly what the effects of tariffs are.
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Sen. Tina Smith: Is it your perspective that tariffs are not contributing to inflation? Trump nominee: I do believe that tariffs generally cause prices of some goods to go up relative to other goods Smith: The tariffs implemented raised spending amounts by 3.1%. That would argue that tariffs are contributing to price increases. Nominee: I think it's too early to tell exactly what the effects of tariffs are.

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WALMART JUST ANNOUNCED THAT THEY ARE RAISING PRICES DUE TO TUBERVILLE’S TARIFFS. Tariffs are TAXES that end up on the backs of American consumers. They affect states like Alabama the most.
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WALMART JUST ANNOUNCED THAT THEY ARE RAISING PRICES DUE TO TUBERVILLE’S TARIFFS. Tariffs are TAXES that end up on the backs of American consumers. They affect states like Alabama the most.

Kyle Sweetser

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BREAKING: In a stunning admission, Donald Trump just announced that he will not guarantee that his tariffs won’t increase prices for the American people. This is terrible.
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BREAKING: In a stunning admission, Donald Trump just announced that he will not guarantee that his tariffs won’t increase prices for the American people. This is terrible.

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If I was king for a day, I would offer zero U.S. tariffs on goods from other countries if they would levy zero tariffs on our goods sold to them. Trade is more complicated than that, and we live in the real world, but that should be the ideal.
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If I was king for a day, I would offer zero U.S. tariffs on goods from other countries if they would levy zero tariffs on our goods sold to them. Trade is more complicated than that, and we live in the real world, but that should be the ideal.

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Reporter: It does raise some questions about the logic behind the tariffs in the first place. The fact that Trump is walking back those tariffs really undermines his own argument that it's only foreigners that pay the tariffs and that consumers are not going to be hurt. Now we have a situation where the White House is arguing that removing tariffs will lower prices on groceries. It's kind of hard to make sense of.
2:39

Reporter: It does raise some questions about the logic behind the tariffs in the first place. The fact that Trump is walking back those tariffs really undermines his own argument that it's only foreigners that pay the tariffs and that consumers are not going to be hurt. Now we have a situation where the White House is arguing that removing tariffs will lower prices on groceries. It's kind of hard to make sense of.

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