Liberal Forum

Blackvegetable » 08 Apr 2025, 7:04 am » wrote: ↑

08 Apr 2025, 7:04 am

Grifty has plans to eliminate the federal income tax (which, though he didn't pay it, was a disincentive to losing more of other people's momey), and raise 700 billion through tariffs.

Apparently the EU called his bluff, and proposed some zero-tariff regime.

“We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners. Because Europe is always ready for a good deal. So we keep it on the table,” she told a press conference alongside Norwegian Prime Minister Jonas Gahr Støre. 

The U.S. and EU came close to scrapping industrial tariffs a decade ago in their discussions of the TTIP — the Transatlantic Trade and Investment Partnership — that was ultimately scuppered by Trump in his first term.

https://www.politico.eu/article/eu-offe ... l-tariffs/

With tariffs at 0, there would be no revenue to finance a tax cut.

So how would Grifty finance his tax cuts?

With a tax cut, of course.

Duh.

Trump pauses tariff hikes for 90 days against most countries — but raises China rate to 125% over ‘lack of respect’ in escalating trade war

President Trump announced Wednesday that his heightened “reciprocal” tariff scheme was being paused for 90 days in response to overtures from dozens of countries — but duties on Chinese imports would be ratcheted up to 125% due to a “lack of respect” from Beijing.


 “Based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the [US Trade Representative], to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump wrote on Truth Social, sending Wall Street soaring.


https://nypost.com/2025/04/09/us-news/t ... te-to-125/