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Trump's shock and awe tariffs, countered by China's retaliation will largely halt the largest bilateral trade flows in world history, between the two biggest economies, almost overnight. In complex systems, it's a good guess that'll cause pain, but it's hard to know where.

Justin Wolfers

407,060 subscribers

21,814 görüntüleme • 1 yıl önce •via X (Twitter)

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Daniel Jeffries profil fotoğrafı

Daniel Jeffries1 yıl önce

No it's not. The answer is "every fucking where".

Timothy Z profil fotoğrafı

Timothy Z1 yıl önce

You never mentioned the world’s currency the dollar backed by the world’s biggest military … pretty big hammer that’s swinging towards the communists

AZTJ profil fotoğrafı

AZTJ1 yıl önce

Oh, no! A shortage of China made "Make America Great Again" red hats!!!😱😱😱😱😱😱

The Washington Post profil fotoğrafı

The Washington Post1 yıl önce

Here’s what could get more expensive with Trump’s new tariffs.

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Rapid Response 47

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The fully-operationalized U.S.-China Board of Trade will ensure stability and balanced trade between the two largest economies in the world.

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"This is not a good day for [the] world economy and it's definitely not a day of liberation for American consumers, but rather a day of inflation." German FM @ABaerbock reacts to Trump's tariffs-- "For us Europeans it's a day of unity... we believe in free trade, we believe in partnership."

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Christiane Amanpour

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On behalf of President Donald J. Trump, United States Trade Representative and I have held a very productive two days of talks in Paris, France with Chinese Vice Premier He Lifeng to discuss trade and economic relations between our countries. We will be issuing a statement in the next few days reaffirming the stability in the relationship between the first and second largest economies in the world.

On behalf of President Donald J. Trump, United States Trade Representative and I have held a very productive two days of talks in Paris, France with Chinese Vice Premier He Lifeng to discuss trade and economic relations between our countries. We will be issuing a statement in the next few days reaffirming the stability in the relationship between the first and second largest economies in the world.

Treasury Secretary Scott Bessent

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It's profoundly heartbreaking 😢 to witness the loss of innocent lives in our world today, whether it's in Ukraine, Russia, or the ongoing conflict between Israel and Palestine. The cycle of violence, where retaliation meets retaliation, only perpetuates the suffering. It's disheartening to see humanity devolve into such a state, where people are stripped of their identities and turn into ruthless beings, sucking the life out of one another.

It's profoundly heartbreaking 😢 to witness the loss of innocent lives in our world today, whether it's in Ukraine, Russia, or the ongoing conflict between Israel and Palestine. The cycle of violence, where retaliation meets retaliation, only perpetuates the suffering. It's disheartening to see humanity devolve into such a state, where people are stripped of their identities and turn into ruthless beings, sucking the life out of one another.

FREEDOM_OF_SPEECH

169,361 görüntüleme • 3 yıl önce

BREAKING: Canadian Prime Minister Justin Trudeau just dropped a bomb on Trump. He speaks directly to the American people. He explains clearly the repercussions of Trump's Trade War on Canada, and exactly how it's going to cause tremendous pain to Americans. He is clear that Canada loves America and the American people and they want nothing to do with this. But it's Trump's doing, and his actions will cause immense damage to America.

BREAKING: Canadian Prime Minister Justin Trudeau just dropped a bomb on Trump. He speaks directly to the American people. He explains clearly the repercussions of Trump's Trade War on Canada, and exactly how it's going to cause tremendous pain to Americans. He is clear that Canada loves America and the American people and they want nothing to do with this. But it's Trump's doing, and his actions will cause immense damage to America.

Ed Krassenstein

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News: The Florida House will propose a bill to cut the state sales tax by .75% — from 6% down to 5.25%. House Speaker Danny Perez says it's the largest permanent tax cut in state history, the first ever in U.S. history, and could save Floridians almost $5 billion a year.

News: The Florida House will propose a bill to cut the state sales tax by .75% — from 6% down to 5.25%. House Speaker Danny Perez says it's the largest permanent tax cut in state history, the first ever in U.S. history, and could save Floridians almost $5 billion a year.

Jason Delgado

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There's two aspects to these tariffs. Number one is reciprocality against tariffs from one country to another based on products and services that are specific. So if you're charging a 20% tariff in India, it's going to be reciprocated in the United States, and those go away pretty quickly. That actually leads to fair trade. The more complex aspect of these negotiations are around the idea of trade imbalances. When you put on tariffs to try and fix trade imbalance it's difficult because the largest economy on Earth is the United States. So really you're starting a behemoth negotiation, and it's happening in every country. You can assume that behind the scenes are two spheres of negotiations. One is let's try and reduce the imbalance of trade by buying more stuff from the United States. That's one signal. And the other, which is very easy to fix, is simply remove all tariffs. If you're going to have reciprocal tariffs at 20%, 30%, 40%, just get rid of them, bring them down to zero.

There's two aspects to these tariffs. Number one is reciprocality against tariffs from one country to another based on products and services that are specific. So if you're charging a 20% tariff in India, it's going to be reciprocated in the United States, and those go away pretty quickly. That actually leads to fair trade. The more complex aspect of these negotiations are around the idea of trade imbalances. When you put on tariffs to try and fix trade imbalance it's difficult because the largest economy on Earth is the United States. So really you're starting a behemoth negotiation, and it's happening in every country. You can assume that behind the scenes are two spheres of negotiations. One is let's try and reduce the imbalance of trade by buying more stuff from the United States. That's one signal. And the other, which is very easy to fix, is simply remove all tariffs. If you're going to have reciprocal tariffs at 20%, 30%, 40%, just get rid of them, bring them down to zero.

Kevin O'Leary aka Mr. Wonderful

118,598 görüntüleme • 1 yıl önce

Even the fake news reporters couldn't believe how good Trump's trade deal with the European Union is. After hearing the details of the deal, a reporter had to ask: "What are the US concessions? What is the US giving up in the deal, if anything?" Ursula von der Leyen: "The starting point was an imbalance, a surplus on our side and a deficit on the US Side. And we wanted to rebalance the trade relations. And we wanted to do it in a way that trade goes on between the two of us across the Atlantic, because the two biggest economies should have a good trade flow between us. And I think we hit exactly the point we wanted to find." This is a world-class deal.

Even the fake news reporters couldn't believe how good Trump's trade deal with the European Union is. After hearing the details of the deal, a reporter had to ask: "What are the US concessions? What is the US giving up in the deal, if anything?" Ursula von der Leyen: "The starting point was an imbalance, a surplus on our side and a deficit on the US Side. And we wanted to rebalance the trade relations. And we wanted to do it in a way that trade goes on between the two of us across the Atlantic, because the two biggest economies should have a good trade flow between us. And I think we hit exactly the point we wanted to find." This is a world-class deal.

George

1,570,116 görüntüleme • 1 yıl önce