Yes, but if the markets crash they will. I'm trying to understand the angle of this. Everything is a grift and I can't see at this point how they'll benefit from this. There's SOMETHING they're doing here, but it's not clear yet...
Did you read that in Cosmopolitan or some Pink Magazine? Tariffs fall into what’s called Macro Economics meaning between Countries. Billionaires fall into Micro Economics meaning between Consumers and Companies.
It's simple protectionism! Trump is an economic idiot. He's putting tariffs on imports but believing they're taxes. No, tariffs on imports is where the importer and consumer pays, not the exporter!
He made a crypto coin the day before inauguration and made 30 billion... Pump and dump.. They know how to crash the market like yesterday.. They sold on Friday.. They buy Monday morning
@@garyinmarz8938 Yes, if they've pulled out on time... but the market has been amped up for a while. I'm thinking a planned recession would see parallels to before WWII, the Mark was basically worthless, people suffered and went in even harder on their vitriol for the jewish people, and other groups...
Don't they understand that offshore our working class jobs means millions are unable to afford much of anything? That's the reality if the 🇬🇧 and many rust belt areas of the 🇺🇸.
Nothing like listening to a Nobel Prize in Economics saying that the US Imports less then others when it Imports more than for example the EU in a US-EU.
@@johnclark5115 I am tired of people who have NO idea about the details of trade, tariffs, economy etc opining and then expect others to teach them. The deficit of trade between The USA and Canada is because of energy (mainly Crude heavy oil, natural gas, and coal), if you exclude that (-41 bn USD), there is actually a surplus of trade for the USA (+63 bn USD). The reason the USA relies on Canadian Heavy Crude oil is that their oil refineries are manufactured and equipped to refine Heavy oil. The oil found in the USA is light and those refineries cannot handle it, e.g. light Shale oil in Dakotas. So, the USA exports its light oil and imports crude heavy oil. In fact, The USA is not only a petroleum/energy independent but it is a net petroleum exporter. Why don't the oil producers convert their refineries to be able to handle light oil because: 1) It's very expensive 2) It would take a long time 3) The US industry makes comparatively more money importing comparatively cheap oil (heavy oil sells for less) than selling their expensive light oil overseas. So, if Trump had any real intellect, knowledge, and cared to be informed, he would realize that in totality the USA wins. Now, if the USA decides they don't want to buy Canadian crude oil, they will have to buy it from two other sources; Venezuela or Russia. Come to think of it, maybe Russia is Trump's choice. Now, who would like to buy more Canadian crude heavy oil? China!
Do you know what the USA buys from Canada? What are they going to do if the USA does not have the raw materials it buys from Canada? Are you aware of the details or do you just like to opine on things even when you are not informed.
@@moj1338 Bit one sided don't you think? What is Canada going to do if the USA stop buying her goods? Sell them elsewhere? To whom and at what discount? Do you know what stockpile the USA has of Canada's exports? Do you just like to opine on things about which you are ill informed?
@@johnclark5115what is the obvious? To me looks like treasury of USA is empty and in debt and Trump is filling it with tariffs that will be payed by USA population
Set up factories in the USA, give jobs to Americans, and boost the economy. Better than millions sat around doing nothing, getting sick and getting in to crime.
"Set up factories in the USA, give jobs to Americans" If that was viable and profitable it would already be happening. If I can get something done cheaper overseas and instead employ those resources doing something more profitable, what you suggest would be counter productive. Surely, that's what unfettered capitalism is all about.
Everyone will pay except Trumps billionaire buddies
Got that one right.---
Yes, but if the markets crash they will. I'm trying to understand the angle of this. Everything is a grift and I can't see at this point how they'll benefit from this. There's SOMETHING they're doing here, but it's not clear yet...
@@BryantPP They want the market to crash so they can buy low. The 1% loved the 2008 crash.
@BryantPP it's clear. The market dips, they buy in with hundreds of millions of dollars, then undo it all to gain the profit 📈
Did you read that in Cosmopolitan or some Pink Magazine?
Tariffs fall into what’s called Macro Economics meaning between Countries.
Billionaires fall into Micro Economics meaning between Consumers and Companies.
I hope the rest of the world is aware of Napoleon Bonaparte's words, "Never interrupt your enemy when he is making a mistake!"
Tourism. I never want to go to the States again.
But you've never been?
It's simple protectionism!
Trump is an economic idiot. He's putting tariffs on imports but believing they're taxes. No, tariffs on imports is where the importer and consumer pays, not the exporter!
A bully always picks and chooses his prey in order to not lose face. Watching the bully operate without saying anything is just as bad.
@gaz So who's he bullying?
DEI = Donald's Extreme Incompetence
Trump strapped the EEI policy concerning air traffic controllers.
Common sense wins.
You lose.
Demented equity ideology, a Marxist disease
Britain doesn't export much to the US....Or anywhere else because our manufacturing is almost non-existent these days
Except for the £6.4 billion in cars alone, absolute myth that UK doesn’t manufacture anything anymore.
£180 billion in yearly exports to US isn’t exactly nothing.
@GD But we have to think about the planet. We have to set an example to the world!
@@liamjohnhawkins4212 Less than half the volume of only 8 years ago.
Is all the money earned by Google, X, facebook etc in countries outside the US taken into account?
0:25 "how bad will it be"
"we don't know"
Does America not have a Brutus or Cassius ?
I can only dream
Maybe find out on 15th Of next month?
@@jdavison8551 🤣
Canadian consumers will pay but that’s about it.
I'm trying to understand the angle of this. Everything is a grift and I can't see at this point how HE will benefit from this.
He will have made money crashing the market!!
It’s a game
He will have a hedge fund manager that will have put money on it
He made a crypto coin the day before inauguration and made 30 billion... Pump and dump..
They know how to crash the market like yesterday..
They sold on Friday..
They buy Monday morning
Recession will make him and his buddies more money, the ultra rich profit from a recession.
Shorting the stock market
@@garyinmarz8938 Yes, if they've pulled out on time... but the market has been amped up for a while. I'm thinking a planned recession would see parallels to before WWII, the Mark was basically worthless, people suffered and went in even harder on their vitriol for the jewish people, and other groups...
Epidemics, war, and tariffs, always hurt most of us, the people. Who needs politicians, priests, or tv presenters 🤔
Trump and Musk: between them they will leave America as broken and failing as the Taj Mahal casino and "X" combined.
Don't they understand that offshore our working class jobs means millions are unable to afford much of anything? That's the reality if the 🇬🇧 and many rust belt areas of the 🇺🇸.
Trump backing down
Nothing like listening to a Nobel Prize in Economics saying that the US Imports less then others when it Imports more than for example the EU in a US-EU.
It imports more than it exports
It’s not asimogloo. Acemoğlu is pronounced more like ajemoloo.
The UK 🇬🇧 play fair so unlikely to receive tariffs.
I bet whete next
Are you saying that Canada does not play fair with the USA?
Based on what? Explain.
$66 billion yearly deficit and that’s just for starters.
@@johnclark5115
I am tired of people who have NO idea about the details of trade, tariffs, economy etc opining and then expect others to teach them.
The deficit of trade between The USA and Canada is because of energy (mainly Crude heavy oil, natural gas, and coal), if you exclude that (-41 bn USD), there is actually a surplus of trade for the USA (+63 bn USD).
The reason the USA relies on Canadian Heavy Crude oil is that their oil refineries are manufactured and equipped to refine Heavy oil. The oil found in the USA is light and those refineries cannot handle it, e.g. light Shale oil in Dakotas.
So, the USA exports its light oil and imports crude heavy oil. In fact, The USA is not only a petroleum/energy independent but it is a net petroleum exporter.
Why don't the oil producers convert their refineries to be able to handle light oil because:
1) It's very expensive
2) It would take a long time
3) The US industry makes comparatively more money importing comparatively cheap oil (heavy oil sells for less) than selling their expensive light oil overseas.
So, if Trump had any real intellect, knowledge, and cared to be informed, he would realize that in totality the USA wins.
Now, if the USA decides they don't want to buy Canadian crude oil, they will have to buy it from two other sources; Venezuela or Russia.
Come to think of it, maybe Russia is Trump's choice.
Now, who would like to buy more Canadian crude heavy oil? China!
He works for Americans that’s his job
That's debatable!? Many would say its only 'some Americans' and certainly not tge poorest!
Who are alleys? Has it always been a dollar in charge and the rest jump?
Even with all the spelling corrected, that makes no sense 😕
Not the point Nobel or not
Tariffs reduce price competition. 20% creates new headroom for US producers to increase prices for US products in the USA.
🤡
Do you know what the USA buys from Canada? What are they going to do if the USA does not have the raw materials it buys from Canada? Are you aware of the details or do you just like to opine on things even when you are not informed.
@@moj1338
Bit one sided don't you think?
What is Canada going to do if the USA stop buying her goods?
Sell them elsewhere? To whom and at what discount?
Do you know what stockpile the USA has of Canada's exports?
Do you just like to opine on things about which you are ill informed?
@@lenroddis5933 Do you know the answers to your own questions?
@
Do you?
Sorry to stoop to your level, but I asked first.
Mexico just agreed to send 10k troops to the border he's paused tariffs
The solution is simple: reduce trade deficit.
Some people can’t except the obvious, hence why they are receiving tariffs.
@@johnclark5115what is the obvious? To me looks like treasury of USA is empty and in debt and Trump is filling it with tariffs that will be payed by USA population
What do you mean? Explain please.
@@johnclark5115 what is the obvious?
Why should America pay for the rest of the world. Same goes for this country
Because they don't.
This has nothing to do with America paying for anyone.
Why should the rest of the world use the American dollar as the main trading currency and benefit the USA?
@@joseluisgodinho6807 It’s not as a favour to the US you do this, it’s because our currency is the best.
I beg of you, look up tariffs and what they mean. You have the information at your finger tips, why choose ignorance?
Set up factories in the USA, give jobs to Americans, and boost the economy. Better than millions sat around doing nothing, getting sick and getting in to crime.
"Set up factories in the USA, give jobs to Americans"
If that was viable and profitable it would already be happening.
If I can get something done cheaper overseas and instead employ those resources doing something more profitable, what you suggest would be counter productive.
Surely, that's what unfettered capitalism is all about.