Uses tariffs as the stick on Canada on Friday and Canada folds on Sunday.
Thank you President Trump.
“Canada has rescinded its Digital Services Tax (DST) to advance trade negotiations with the United States. On June 29, 2025, Canada announced that the DST, which was set to collect its first payments on June 30, 2025, would be halted. Legislation to rescind the Digital Services Tax Act is expected to be introduced soon. This decision was made in anticipation of a mutually beneficial comprehensive trade arrangement with the U.S., following tensions caused by the tax, which had prompted U.S. President Donald Trump to suspend trade talks and threaten tariffs.”
It's since the fiscal year. So thank you, President Trump, for including Biden money in your total and for collecting record amounts of revenue from Americans when you claimed it would all be paid by foreign countries.
Will it also bring back all those many lost manufacturing jobs? No. Some, but I recall someone touting Stellantis and that decision was made in 2024
Trump tariff revenue is bad and threat to democracy. HUGE threat to the global economy.
I haven’t done the math but carve out the Biden revenue based on any new tariffs he (well his interns) implemented and I’m guessing team Trump still has the record for revenue all by themself.
I’m guessing Powell talked about inflation risks due to tariffs.
His argument is illogical to me. Implemented tariffs would be a one time bump to inflation. And from what I’ve seen modeled, not very big.
The slippery slope of inflation is month over month increases over time. Higher interest rates is like putting the brakes on. But you already knew that.
Yes, the chairman of the FED, appointed by trump himself, now has no idea what he's talking about. Another case of reality not jiving with trump world, so now, of course, it's Powell's fault.
The trump devotion syndrome is staggering around these parts. trump is never wrong, even when the people he hires get fired for not being able to bend reality to his idiotic whims.
Really can you share some of the dozens of examples?
I know it’s hard to think for yourself. But I really think you can do it one day.
Just for you Timmy.
“Tariffs can cause a one-time increase in inflation by raising the cost of imported goods, which may be passed on to consumers. However, sustained inflation typically depends on broader economic factors like money supply, demand, and wage growth.”
This is exactly what I wrote above. Guess I’m as smart as AI.