Trump Plans to Start Notifying Countries of US Tariffs Up to 70%

[BumRushDaShow]

Source: msn/Bloomberg

5h


US President Donald Trump said his administration will probably start notifying trading partners Friday of the new US tariff on their exports effective Aug. 1, while reiterating a preference for simplicity over complicated negotiations five days before his deadline for deals.

Trump told reporters that about “10 or 12” letters would go out Friday, with additional letters coming “over the next few days.”

“By the ninth they’ll be fully covered,” Trump added, referring to a July 9 deadline he initially set for countries to reach deals with the US to avoid higher import duties he has threatened. “They’ll range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs,” he added.

US talks with economies from Indonesia and South Korea to the European Union and Switzerland are reaching critical stages, where the most contentious issues are hammered out. Trump’s latest threat, which fits his pattern of issuing ultimatums to break any impasses, aligns with earlier statements that some nations won’t have a say in their tariff level.

Read more: https://www.msn.com/en-us/money/other/trump-plans-to-start-notifying-countries-of-us-tariffs-up-to-70/ar-AA1HVzpt

[Turbineguy]

1. Unless of course

he chickens out.

TACO, TACO mahan
I got to be a taco man
TACO, TACO mahan
I got to be a taco man.

(thanks to the Village People)

[Marthe48]

2. Not like he can rip their hair out

or have a bodyguard intimidate them into compliance. The other nations aren't abused women or cowardly rwnj.

The rest of the world will work around the felon traitor and will maintain or improve their financial and trade positions with each other.

[travelingthrulife]

11. Yup. We will be completely locked out of trade with other countries.

So farmers...you can take the cash he gives you this year, but what happens next year, and the next, and the next.

[Tarzanrock]

3. Squwak! Squwak! Squwak!

Meanwhile, the U.S. economy swirls around the toilet bowl. Inflation and Stagflation continue to rise. The U.S. dollar continues to depreciate. Just wait until mid-August when all the mothers in America have to purchase school clothes, school books and supplies and the families have to pay the increased school tuition charges. If the 25% Turd tax wasn't enough for America -- just wait until Americans are paying the 70% Turd tax!

[Oliver Bolliver Butt]

4. announced on a holiday weekend

presumably the inner circle all shorted the market yesterday

[bucolic_frolic]

5. Objective is to weaken the US

I heard this idea in subtle forms over the last 50 years. We consume too much, and export our pollution. Time for us to consume less and absorb pollution. Or, democracy failed in election 2000, spouted by a member of Euro Parliament when Bush v. Gore was in litigation, and heard once on KYW, Philly, never to surface or be archived again. Or 1970s, the USSR is to become more like US, and WE to become more like them. Or, Russia bore the brunt of WWII in casualties, so we are debited to some extent.

Take your pick, it's out there.

[Coolgoober]

6. More Than Notifying Countries

He should be notifying importers!

[republianmushroom]

7. What the hell happened to those 200 deals ?

[Iamscrewed]

8. More insider trading?

[MissouriDem47]

9. Being From Missouri

TACO is going to have to "show me" since I don't believe anything he says.

[thesquanderer]

10. re: "a preference for simplicity over complicated negotiations"

Of course. He has no comprehension of anything beyond the simple. (n/t)

[Bettie]

12. So, time to manipulate the stock market again?

He'll bloviate and bluster and then TACO....rinse, repeat and Wall Street gets richer while draining our poor little 401ks.