15, sorry 13...my bad, 17, yeah 17 Nobel Laureates in Economics have spontaneously written a letter saying that tariffs will destroy the economy. We better listen to them. 🤪 pic.twitter.com/7l87roQVrb

— MAZE (@mazemoore) April 3, 2025

It pisses me off when "Circle Back Psaki" is right. But here we are.

Assassin said:

---

boognish_bear said:

---

JUST IN: 🇺🇸 US Senate votes to terminate President Trump's tariffs on Canada.

— Watcher.Guru (@WatcherGuru) April 3, 2025

---

The traitors; Four Republicans Sens. Rand Paul (Ky.), Susan Collins (Maine), Lisa Murkowski (Alaska) and Mitch McConnell (Ky.) voted for the measure

---

Bizarre how 3 out of these 4 senators routinely oppose Trump on so many issues.

boognish_bear said:

---

The Trump Tariff Tax is the largest peacetime tax hike in U.S. history. These Tariffs are nearly 10x the size of those imposed during the Trump-Pence Administration and will cost American families over $3,500 per year. Check Out“Spoiling America’s Golden Age”@AmericanFreedom 👇 pic.twitter.com/2NghyDc8c1

— Mike Pence (@Mike_Pence) April 2, 2025

---

His corporate masters have sent him out to spread the anti-tariff fear mongering

People are such *******. If all these other countries have had significant tariffs on us for decades, how is us responding going to be the apocalypse? Not to mention, almost certainly, what we mostly get is reciprocal adjustment. Who needs whose market more?

LIB,MR BEARS said:

---

Removal if U.S. Agrees
Last updated
32 minutes ago
"On April 2, 2025, Canada announced its willingness to remove tariffs on U.S. imports if the United States reciprocates by removing its tariffs on Canadian goods. This statement was supported by Ontario Premier Doug Ford, who expressed readiness to drop all tariffs immediately if the U.S. agrees to do the same. The proposal comes amidst ongoing trade discussions, highlighting Canada's proactive approach to improving trade relations with the U.S."

Is this winning?

---

BREAKING: Mexico folds, will not implement retaliatory tariffs against the United States. pic.twitter.com/1ltuKhtCFu

— Ian Jaeger (@IanJaeger29) April 2, 2025

The tariffs are much more extreme in Asia and almost all of Latin America is at 10%.

The message is very clear. Return to the US or at least build your supply chain in the Western Hemisphere.

Monroe Doctrine in full effect. pic.twitter.com/qdgxK6I97m

— Geiger Capital (@Geiger_Capital) April 2, 2025

Im fine with short term tariffs but I like to see the corporate tax eliminated through the FairTax. You do that and corporations will be tearing down the walls to manufacture here

Is it really trade deficit based instead of reciprocal tariff based? I cannot believe it is that dumb. I think that tweet must be fake news.

Porteroso said:

---

Is it really trade deficit based instead of reciprocal tariff based? I cannot believe it is that dumb. I think that tweet must be fake news.

---

It really is that dumb. Which shouldn't be surprising.

I can't fall asleep. I keep thinking about tariffs and smiling.

This will be Trump's greatest achievement.

— George (@BehizyTweets) April 3, 2025

boognish_bear said:

---

Not sure if this is accurate across the board or not… Comments seemed to indicate so

This guy cracked the tariff formula:@orthonormalist

It’s simply the nation’s trade deficit with us divided by the nation’s exports to us.

Yes. Really.

Vietnam: Exports 136.6, Imports 13.1
Deficit = 123.5

123.5/136.6 = 90% pic.twitter.com/fDOMoQwzKt

— Geiger Capital (@Geiger_Capital) April 2, 2025

---

So, when I first saw the list, I thought it was actually a reciprocal tariff based on the tariffs imposed by other countries, and I thought it might not be so bad.

However, if this is truly the formula Trump used - which is based apparently on trade deficits - this is not a reciprocal tariff but instead a tariff that tries to get manufacturing to come back to the US - something that is likely never gonna happen in any large numbers.

In short, the Trump admin is misleading the American people by labeling this a reciprocal tariff. That's just a wholly false statement.

Such an entirely ridiculous and unnecessary move, and it's going to come back to bite him. Kiss the midterms goodbye. We are going to lose the House and the Senate. So dumb.

I hope Republicans who didn't skip Economics 101 will block this deal.

Redbrickbear said:

---

boognish_bear said:

---

The Trump Tariff Tax is the largest peacetime tax hike in U.S. history. These Tariffs are nearly 10x the size of those imposed during the Trump-Pence Administration and will cost American families over $3,500 per year. Check Out“Spoiling America’s Golden Age”@AmericanFreedom 👇 pic.twitter.com/2NghyDc8c1

— Mike Pence (@Mike_Pence) April 2, 2025

---

His corporate masters have sent him out to spread the anti-tariff fear mongering

---

Nah, he just didn't fall asleep during his high school economics class. Anyone with even a rudimentary understanding of economics realizes he's exactly right.

LIB,MR BEARS said:

---

LIB,MR BEARS said:

---

Removal if U.S. Agrees
Last updated
32 minutes ago
"On April 2, 2025, Canada announced its willingness to remove tariffs on U.S. imports if the United States reciprocates by removing its tariffs on Canadian goods. This statement was supported by Ontario Premier Doug Ford, who expressed readiness to drop all tariffs immediately if the U.S. agrees to do the same. The proposal comes amidst ongoing trade discussions, highlighting Canada's proactive approach to improving trade relations with the U.S."

Is this winning?

---

BREAKING: Mexico folds, will not implement retaliatory tariffs against the United States. pic.twitter.com/1ltuKhtCFu

— Ian Jaeger (@IanJaeger29) April 2, 2025

---

No, it's not winning. It's utterly stupid.

It's not tariffs Trump is apparently concerned with, but trade deficits. Has nothing to do with reciprocal tariffs, but instead trade deficits. So Canada dropping it's miniscule tariffs on US good will make no difference.

Assassin said:

---

I can't fall asleep. I keep thinking about tariffs and smiling.

This will be Trump's greatest achievement.

— George (@BehizyTweets) April 3, 2025

---

George ain't very bright.

Tariffs are taxes https://t.co/6lpQ15mCPF

— Rand Paul (@RandPaul) April 3, 2025

In remarks on the Senate floor Wednesday afternoon, Paul outlined the many reasons for America to avoid a trade war with Canada. Perhaps the most important is also the most straightforward.

"We're not at war with Canada," Paul said. "They're an ally that buys more of our stuff than almost any other country in the world."

In a post on Tuesday night, Trump accused Kaine of trying to block "our critical Tariffs on deadly Fentanyl."

In remarks on the Senate floor, Paul mocked the idea that drug dealers would pay tariffs in the first place. He also stressed the economic damage that tariffs are likely to cause for American families, businesses, farmers, and more. He pointed to the fact that the Trump administration bailed out farmers in the wake of the 2018 tariffs and called that "an acknowledgement" that tariffs create costs for Americans. He pointed to estimates showing that tariffs will increase the cost of homes, cars, and many consumer goods.

"Are we going to have to bail out the car companies too? Are we going to have to bail out everybody who's going to be hurt by these tariffs? It's not a good idea," he said. "Despite arguments to the contrary, Americans know tariffs are a tax they are going to have to pay."

WH has now confirmed: this is insane https://t.co/Ozj8O4r7jY pic.twitter.com/JTJxC8L6rO

— Scott Lincicome (@scottlincicome) April 3, 2025

Canadian air travel to Las Vegas down 70%. Did you know 1.3 million Canadians a year used to visit Las Vegas? pic.twitter.com/X7I7OBs1ut

— Stephen Taylor (@stephen_taylor) April 2, 2025

The U.S. trade deficit in goods with the EU is USD 235 billion.

The EU trade deficit in services with the U.S. is USD 110 billion

🇺🇸🇪🇺

— Visegrád 24 (@visegrad24) April 3, 2025

Mothra said:

---

boognish_bear said:

---

Not sure if this is accurate across the board or not… Comments seemed to indicate so

This guy cracked the tariff formula:@orthonormalist

It’s simply the nation’s trade deficit with us divided by the nation’s exports to us.

Yes. Really.

Vietnam: Exports 136.6, Imports 13.1
Deficit = 123.5

123.5/136.6 = 90% pic.twitter.com/fDOMoQwzKt

— Geiger Capital (@Geiger_Capital) April 2, 2025

---

So, when I first saw the list, I thought it was actually a reciprocal tariff based on the tariffs imposed by other countries, and I thought it might not be so bad.

However, if this is truly the formula Trump used - which is based apparently on trade deficits - this is not a reciprocal tariff but instead a tariff that tries to get manufacturing to come back to the US - something that is likely never gonna happen in any large numbers.

In short, the Trump admin is misleading the American people by labeling this a reciprocal tariff. That's just a wholly false statement.

Such an entirely ridiculous and unnecessary move, and it's going to come back to bite him. Kiss the midterms goodbye. We are going to lose the House and the Senate. So dumb.

I hope Republicans who didn't skip Economics 101 will block this deal.

---

I'm with you. I could get on board with reciprocal tariffs. If we are instead enacting huge one sided tariffs just to counteract trade deficits, that's insane.

Trade deficits are not just some obscure, unimportant numbers.

Rather they represent a hemorrhaging of US cash out of the country.

Historically most US presidents never blindly allowed trade deficits. As they understood the negative implications.

Robert Wilson said:

---

Mothra said:

---

boognish_bear said:

---

Not sure if this is accurate across the board or not… Comments seemed to indicate so

This guy cracked the tariff formula:@orthonormalist

It’s simply the nation’s trade deficit with us divided by the nation’s exports to us.

Yes. Really.

Vietnam: Exports 136.6, Imports 13.1
Deficit = 123.5

123.5/136.6 = 90% pic.twitter.com/fDOMoQwzKt

— Geiger Capital (@Geiger_Capital) April 2, 2025

---

So, when I first saw the list, I thought it was actually a reciprocal tariff based on the tariffs imposed by other countries, and I thought it might not be so bad.

However, if this is truly the formula Trump used - which is based apparently on trade deficits - this is not a reciprocal tariff but instead a tariff that tries to get manufacturing to come back to the US - something that is likely never gonna happen in any large numbers.

In short, the Trump admin is misleading the American people by labeling this a reciprocal tariff. That's just a wholly false statement.

Such an entirely ridiculous and unnecessary move, and it's going to come back to bite him. Kiss the midterms goodbye. We are going to lose the House and the Senate. So dumb.

I hope Republicans who didn't skip Economics 101 will block this deal.

---

I'm with you. I could get on board with reciprocal tariffs. If we are instead enacting huge one sided tariffs just to counteract trade deficits, that's insane.

---

Trump doesn't understand. He may fix the trade deficit by reducing imports and exports each to zero. He would consider that a win even if the economy shrank 10% as a result.

I actually applaud him for recognizing and acting on a long-term economic and national security problem. He just is prone to believing in simplistic solutions rather than doing hard work. It is why he was much better at branding than actual real estate development.

Frank Galvin said:

---

Robert Wilson said:

---

Mothra said:

---

boognish_bear said:

---

Not sure if this is accurate across the board or not… Comments seemed to indicate so

This guy cracked the tariff formula:@orthonormalist

It’s simply the nation’s trade deficit with us divided by the nation’s exports to us.

Yes. Really.

Vietnam: Exports 136.6, Imports 13.1
Deficit = 123.5

123.5/136.6 = 90% pic.twitter.com/fDOMoQwzKt

— Geiger Capital (@Geiger_Capital) April 2, 2025

---

So, when I first saw the list, I thought it was actually a reciprocal tariff based on the tariffs imposed by other countries, and I thought it might not be so bad.

However, if this is truly the formula Trump used - which is based apparently on trade deficits - this is not a reciprocal tariff but instead a tariff that tries to get manufacturing to come back to the US - something that is likely never gonna happen in any large numbers.

In short, the Trump admin is misleading the American people by labeling this a reciprocal tariff. That's just a wholly false statement.

Such an entirely ridiculous and unnecessary move, and it's going to come back to bite him. Kiss the midterms goodbye. We are going to lose the House and the Senate. So dumb.

I hope Republicans who didn't skip Economics 101 will block this deal.

---

I'm with you. I could get on board with reciprocal tariffs. If we are instead enacting huge one sided tariffs just to counteract trade deficits, that's insane.

---

I actually applaud him for recognizing and acting on a long-term economic and national security problem.

---

Someone actually gets it.

Trump is not just winging it for laughs or without qualified advisors.

He is addressing problems other recent presidents didn't have the political courage to face.

KaiBear said:

---

Trade deficits are not just some obscure, unimportant numbers.

Rather they represent a hemorrhaging of US cash out of the country.

Historically most US presidents never blindly allowed trade deficits. As they understood the negative implications.

---

Trade deficits - especially with regard to certain products - aren't necessarily a bad thing.

Using tariffs to try and address them, however, is utterly stupid and fails to address the reason for the deficit.

🧵of all the trade wars Trump has won so far today. I will add updates as countries respond and announce removal of tariffs, no tariff response or escalatory tariffs.

Argentina 🇦🇷 - Removed all tariffs
Vietnam 🇻🇳 - Removed all tariffs
Israel 🇮🇱 - Removed all tariffs
Canada…

— Aesthetica (@Anc_Aesthetics) April 2, 2025

Mothra said:

---

KaiBear said:

---

Trade deficits are not just some obscure, unimportant numbers.

Rather they represent a hemorrhaging of US cash out of the country.

Historically most US presidents never blindly allowed trade deficits. As they understood the negative implications.

---

Trade deficits - especially with regard to certain products - aren't necessarily a bad thing.

Using tariffs to try and address them, however, is utterly stupid and fails to address the reason for the deficit.

---

When a country's trade deficit is in the hundreds of billions annually; compounded by a federal deficit that is spiraling completely out of control …..increasing by a TRILLION dollars every 140 DAYS.

Immediate actions are required….and it isn't going to be pleasant.

KaiBear said:

---

Mothra said:

---

KaiBear said:

---

Trade deficits are not just some obscure, unimportant numbers.

Rather they represent a hemorrhaging of US cash out of the country.

Historically most US presidents never blindly allowed trade deficits. As they understood the negative implications.

---

Trade deficits - especially with regard to certain products - aren't necessarily a bad thing.

Using tariffs to try and address them, however, is utterly stupid and fails to address the reason for the deficit.

---

When a country's trade deficit is in the hundreds of billions annually; compounded by a federal deficit that is spiraling completely out of control …..increasing by a TRILLION dollars every 140 DAYS.

Immediate actions are required….and it isn't going to be pleasant.

---

I am fine with immediate actions to address the issue. The problem is his tariffs won't actually address the issue he would like to address in any meaningful way, and could tank the economy altogether.

It would be like a doctor prescribing chemotherapy for pneumonia. It won't cure the pneumonia and could do lasting damage to the body.

🇨🇳China can subsidize 10-20% tariffs for a few months. They CANNOT subsidize a 54% tariffs.

This will have COLOSSAL impacts on China.

They can't fix domestic real estate, subsidize industries, build their military, fund the Belt & Road, etc, etc with this level of tariffs from… https://t.co/o3gegRkiuY

— Tony Nash (@TonyNashNerd) April 2, 2025

Jack Bauer said:

---

🧵of all the trade wars Trump has won so far today. I will add updates as countries respond and announce removal of tariffs, no tariff response or escalatory tariffs.

Argentina 🇦🇷 - Removed all tariffs
Vietnam 🇻🇳 - Removed all tariffs
Israel 🇮🇱 - Removed all tariffs
Canada…

— Aesthetica (@Anc_Aesthetics) April 2, 2025

---

A bit of a cheat. 'EU" is not one country-it is 27. So there are 26 "losses" not on the list. And no China, which said it will fight to the death.

If we "win" Israel and "lose" the EU, China, and Japan, it is similar to a 3-9 football season with victories over teams not in your weight class.

That said, a cooperative effort that emphasizes building and protecting supply chains in North America is a worthwhile goal given the combined size of that market. So Mexico and Canada are really important. Maybe those three countries will hammer out a treaty. They could call it the North American Free Trade Agreement.

Trump was not playing chicken.

KaiBear said:

---

Trade deficits are not just some obscure, unimportant numbers.

Rather they represent a hemorrhaging of US cash out of the country.

Historically most US presidents never blindly allowed trade deficits. As they understood the negative implications.

---

Bull***** Trade isn't a zero sum game.

Jack Bauer said:

---

🧵of all the trade wars Trump has won so far today. I will add updates as countries respond and announce removal of tariffs, no tariff response or escalatory tariffs.

Argentina 🇦🇷 - Removed all tariffs
Vietnam 🇻🇳 - Removed all tariffs
Israel 🇮🇱 - Removed all tariffs
Canada…

— Aesthetica (@Anc_Aesthetics) April 2, 2025

---

Sweet!

BearFan33 said:

---

Trump was not playing chicken.

---

Agreed. Just playing stupid.

KaiBear said:

---

Trade deficits are not just some obscure, unimportant numbers.

Rather they represent a hemorrhaging of US cash out of the country.

Historically most US presidents never blindly allowed trade deficits. As they understood the negative implications.

---

You have a massive trade deficit with your grocery store.

Mothra said:

---

BearFan33 said:

---

Trump was not playing chicken.

---

Agreed. Just playing stupid.

---

Certainly a lot of pain right now. Will it be short term? Will there be long term gain?