Australia’s chances of escaping America’s global steel and aluminium tariffs appear all but extinguished, with the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.
“We’re going to take in hundreds of billions of dollars in tariffs, and we’re going to become so rich, you’re not going to know where to spend all that money,” Donald Trump told reporters on board Air Force One flying from Florida to Washington DC.
“We’re basically going to take back the money – a lot of the money that we’ve given away over many decades.”
As an American, I am just hoping Trump doesn’t learn any additional economic terms. I keep expecting him to try to replace our federal income tax with a VAT.
Dear Australia, please sanction the shit out of us. We deserve it. Sorry we are so terrible.
VAT has tax in the name, and it goes on a receipt. It would be harder to tell people other countries are paying for it
“We’re going to take in hundreds of billions of dollars in tariffs"
…from ourselves.
Trump still doesn’t understand what tariffs are. You’d think the moron would have Wikipedia’ed tariffs at some point after talking about them for so damn long.
so, he’s gonna put a 10-15% tariff on all imports? everything?
that would do just one thing, get every other country trading ONLY with each other—and NOT the u.s.
I think he does, he just expects that in 4 years time the US will be booming and the bitter pill at their inception will have passed
He probably should look at the effect of China’s tariffs and trade disputes on Australia.
he only look what he did the first time with soybeans and china. China found a new source of soybeans elsewhere, american soybean farmers never recovered.
I noticed this phrasing as well. Our government is taking this money from the poorest half of its citizens, and Trump either doesn’t know that or is intentionally clouding the waters for those who still dont know what tariffs are.
I’m sure he does. But his constituency still doesn’t.
Let’s again quote this from some 2016 article that stuck in my head:
They voted for the elephant in the china shop. Little did they realize that they were the china.
And. They. Still. Don’t. Realize.
My only hope is that right now, his supporters are dwindling. How much though and will it still have an effect come next election and won’t it be too late anyhow…
When he’s saying “we” he just means himself and his lackeys
Yeah, I have been reading this over and over. This is what happens when a person is imprisoned in an isolated upper class society. He is sick and has no idea that the majority of his own people are already suffering. People are dying because of this horrible man and it won’t stop with those who are deemed others or people across the borders and ocean he absolutely gives zero fucks about. Before too long, it’ll be Americans who will die horribly and the country will reap repercussions for decades to come. I didn’t think I’d live to see America become the enemy, but here we are.
trump and his father did bully one of his brothers to alcoholism for being a pilot. he only knows how to bully people. i think that is one of the reasons why trump doesn’t touch liquor too.
I can’t wait for Trump to come up with the brilliant, never before thought of “just print more money.”
the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.
I will never understand how Americans developed a taste for his constant hyperbolic bullshit.
Really? Tariffs? Rehashing pre-WW1 economics theories is the greatest thing America has ever done? Greater than abolishing slavery? Greater than the civil rights act? Greater than the moon landings? Greater than the invention of the transistor?
Trump is at a point where nobody bats an eye to this. Trying to hold him accountable for literally anything he says is futile, and half the country things that quality is a good thing and they enable it.
You have a section of America that wants more manufacturing to return to the US, and they see tarrifs as a way to make more production domestic. Those people haven’t thought through that that will cause a lot of inflation and will heavily impact a lot of the manufacturing industry that the US still has.
Even if this plan succeeds, it’s not like the countries you just tariffed are just going to allow American exports into their markets. It will shrink the whole economy AND cause inflation at the same time. Economics fear this state for a reason.
If they don’t, Trump will do what he did to us here in Canada today and double the tariffs.
What do you mean? America is so strong and powerful, these countries would never fight back.
/s
They forget they don’t have the production plants or skilled labor for all this stuff they plan to build. Hell, they won’t even have unskilled labor after they finish deporting everyone.
OK, so even if they do build it all and somehow get it working, nobody is going to buy any of it because they pissed the world off.
It isn’t a well thought out plan.
and its also increased prices of domestically produced products, due to higher wages, and other stuff that goes with it.
Finally! The American kangaroo farmers were really hurting because of unfair competition from Australia.
I don’t speak for all Australians, but fuck Trump.
Maybe learning Mandarin wouldn’t wouldn’t so bad
He was never going to give us an exemption and anyone believing he will is delusional, like Trump.
Trump is very clearly there to line his own pockets with these tariffs. Do they really need to cut all these federal jobs with all that new federal income?
