As George Will said, “He has an advantage on me because he can express everything he knows on a subject in 140 characters and I cannot.”
Trump: We require commitment from BRICS countries to neither create a new currency nor back any other currency, or they will face 100% tariffs
- Thread starter Morrison71
- Start date
As George Will said, “He has an advantage on me because he can express everything he knows on a subject in 140 characters and I cannot.”
Another problem with tariffs is that they're super easy to enact, but super hard to get rid of. One person can enact them. But the opposing country will enact their own. Then it takes endless negotiations to get the opposing country to drop theirs.
The difference, among others, is that Biden wanted to be every American’s President. Trump, as exemplified in his Thanksgiving message, only wants to be President of his supporters. He expresses nothing but hatred towards the rest of the country. He isn’t our President because he himself doesn’t want to be.
Of course not. However, there might be better approaches than just flexing our economic muscle over and over. Maybe we should be solidifying our relationships with our allies instead of further deteriorating them. Look, I am all for playing hardball with china, Iran, Russia, etc… but going about it while also threatening Mexico, Japan, Canada, Europe etc… and leaving us on an island seems pretty dumb, doesn’t it? I think we should be working to tighten up all of those relationships along with some of the factions of BRICS. Maybe try to improve our relationships with Brazil, India and other countries within that we don’t necessarily have terrible relationships with now.
Constantly playing hardball by using our economy is a dangerous game. One that I have zero faith in trump playing.
As was previously stated, they’re hard to get rid of once other countries react to them.
Dang. I had to already order a new popcorn shipment from Amazon.
Burn it all down.
Burn it all down.
Personally I think he's bluffing as a negotiation tactic and my gut tells me he's biting off more than he can chew.
For me the question is... Will the success rate be 25%, 50? 75? It won't be 100% success, but if it's 75% that'll be an improvement over today.
He clearly understands protecting the value of the dollar is critical, but I'm skeptical this approach will get it done.
I do like the recognition of the problem and an effort to address it. Now is a great time to put out these "trial balloons" when Trump's in no position to actually do anything.
For me the question is... Will the success rate be 25%, 50? 75? It won't be 100% success, but if it's 75% that'll be an improvement over today.
He clearly understands protecting the value of the dollar is critical, but I'm skeptical this approach will get it done.
I do like the recognition of the problem and an effort to address it. Now is a great time to put out these "trial balloons" when Trump's in no position to actually do anything.
Do we have any proof that Biden has made any sort of effort? Not saying he hasn’t and am all good with being proven wrong.
I can agree with all 0f this. But, again, it is trusting in trump and I just don’t. Bluffing? Negotiating tactic? We will see but I just don’t buy it.
Do you have anything with china? The ones that are still in place like my initial comment said?
While I think it might be wise to wait until after the inauguration to scream that the sky is falling, he's really hit a sore spot on the left that highlights why, in part, it lost the working class - the left has no problem shipping jobs overseas to hide behind a free trade moniker that really just means producing widgets with labor standards that Americans won't work under.
Not really a left and right issue. The right has been for essentially every trade deal with the exception of Trump stopping the TPP which the right would have been for. Mostly the people that have historically spoken against it are on the left.
Why doesn’t it surprise me that your grasp of economics is described as a video game.
I know, so how about instead of kicking and screaming, the left embraces it and supports on-shoring some of the jobs that have been lost to free trade with countries with substandard working conditions? This is what it looks like to try winning back over the working class that has been lost to R's. Or, is the left going to do the thing that it (justifiably imo) accuses the right of doing and be obstructionists?
The next four years are going to be hilarious on this board, I mean he hasn't even been inaugurated yet and here we are. Watching the non morons like - bothsidesBins, goldmom, wop (might be a moron) - try to sane wash and rationalize Trump's conduct, and then the morons/deplorables like gus who are too stupid to make the attempt, instead just get riled up and admit that Trump's appeal is that he pisses off other Americans.
We have a clown show country, and yeah it's a shameful state, but you might as well be entertained and get some laughs.
We have a clown show country, and yeah it's a shameful state, but you might as well be entertained and get some laughs.
A couple but not most.
Americans Are Still Paying for the Trump-Biden Tariffs
If reelected, President Trump would drastically escalate the trade war he started during his first term. But what often goes unnoticed is President Biden’s role in continuing Trump’s first trade war. In fact, more tax revenue from the trade war tariffs has been collected under Biden than under...
taxfoundation.org
A couple but not most.
Americans Are Still Paying for the Trump-Biden Tariffs
If reelected, President Trump would drastically escalate the trade war he started during his first term. But what often goes unnoticed is President Biden’s role in continuing Trump’s first trade war. In fact, more tax revenue from the trade war tariffs has been collected under Biden than under...
Did you even read the article you linked? Sorry man. Most of the tariffs are still in place. The article you linked even says as much. So I ask again, do you have any link, anything verifying your initial comment about bidens tough negotiations with china to eliminate these tariffs?
Here you go. Directly from the article you posted:
Outside of allowing the washing machines tariffs to expire in 2023 and some narrow modifications to the steel and aluminum tariffs and solar panel tariffs, President Biden has kept nearly all Trump tariffs in place.
The problem is that Trump has never shown more than a beginner's knowledge of economics. Tariffs appear to be the only thing he vaguely understands.
75% success rate? what the heck did he succeed at with his use of tariffs the first time around?
Did I not say a couple but not most? Did you even read my post? Are you so interested in protecting Trump and being right that you ignore what I wrote?
Last edited:
I don't think he understands the value of protecting the US dollar. We are the world's currency. Pulling back from this with insane tariffs would likely drive the rest of the world away from the US dollar, not towards it.
Last edited:
I agree with Trump. This is in reference to Russia, China and in particular, India, which is playing both Russia and the US."The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER," Trump wrote. "We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy."
Trump threatens a 100% tariff on BRICS countries if they abandon U.S. dollar
The president-elect wrote that the coalition of non-Western countries “should expect to say goodbye to selling into the wonderful U.S. Economy” if it backs a currency other than the U.S. dollar.www.nbcnews.com
It's not the Chinese. The brics wants it's own Currency to replace the dollar in trades, especially oil. Trump is right.
You people are highly highly ignorant about Brics. It's an existentialist threat, especially in trade and manufacturing.
Trump is 2000 percent correct. Get your heads out of the sand.
Trump is 2000 percent correct. Get your heads out of the sand.
Here's the thing - none of us are disputing that Brics isn't a good thing. What we're disputing is that Trump is correct about his solution.
Look, something needs to be done. Biden did nothing. It's time to at least pay acknowledgement to this nonsense.
Hey man I'm saying it to you as an Indian American. Brics needs to be confronted. Period.
Okay. Tariffs will solve that. BRICS are developing countries and will go with money. Soybeans to Brazil and Americans pay for it. Get some real world experience. Edit: That has always been the case.
lol. And there it is. I totally must be a trump supporter for pointing out facts. This is why this nonsense is so ridiculous. Serious discussion simply isn’t allowed without bullshit.
Do you have a link or not?
You pointed out nothing. I provided a link that stated a couple of the tariffs were allowed to expire but most were kept. I stated that plainly. Your inability to read or comprehend what you read is not my issue but yours.
But he shouldn't be saying ‘not my President’ if he's an American. Period. He has the right to sure. But he shouldn't.
The problem is that Bonespurs himself does not even want to be his president. That's plain for all to see. He even says it. He only wants to be the president for those he likes or that voted for him. That's why he's an absolutely horrible leader. So unpresidential.
Problem they have is none of them actually trust each other to not cheat a new fiat currency the way the US does.
Why would China sign onto a currency that South Africa or Russia can print, in the famous words of Ben Bernanke, 'willy-nilly'?
If they went together on a gold backed currency the dollar's reserve status would be toast, but they want to be able to print money for domestic political reasons (always easier than taxing) that I don't expect them to give up.
USD will remain the 'least dirty shirt' among the fiat currencies. A new fiat currency from the BRICS would just register somewhere on the list of debasement between the dollar and the Bolivar.
