When Donald J. Trump was 28-years-old, his father gave him 4,000 apartments! Imagine for one minute what that did to young Donald's mind. He would never be the same after. Does that sound like a normal kid from the good ole' USA? This is the clown millions of Americans voted back in The Oval Office. When you put a privileged kid in The White House you are inviting scorn and laughter from the entire world. Trump has no clue as to what it is to be an average American citizen, let alone the leader of the free world.
@@AnotherPointOfView944 It's perfectly normal. Maybe a bit uncommon, but in the real world there's nothing unusual about being rich. Nothing in the least unusual about a son inheriting his father's money. Are you saying that there's something wrong with being rich? Without rich people the whole world would be poor. Poor people don't build apartment buildings, or create jobs, or do anything else to help people. Only rich people do those things.
His Father maked the Big Money after the WW2 to constructed Houses for the Military Personal.And the Money? Huge Tax Money ! Today Donald hate the Taxes about to build Homes for Poor People!
Im Dutch; that means I'm from the Netherlands (there where Amsterdam is). We are traders and have always been. We have a tiny country thats insainly rich because of that. You should learn from us, so you to can have healthcare, education, housing, clean energy etc. But as long as you persist that "America is the greatest", you wont have any of that.
Who gave you back your country 2 times… oh that was America… so not so savvy when you need another country to come in and remove the Germans twice for you because you could not defend yourself. You should probably keep your mouth shut on how great you are when you can’t even take care of yourself.
Yes, your country has been able to trade on seas across which the USA has used its sailors and ships, paid for by the American people, to guarantee passage. The part of the economy that your country has used on healthcare, education, infrastructure, etc., is the part that the USA has used to defend your trade routes. Plus, a large number of medical research and development occurs in the US, and most of that was also paid for by the US, raising healthcare costs here, then sold at a discount worldwide. Trump is a negotiator, and part of what he is telling the world is that the US isn’t going to foot the bill anymore, and new commitments will be required.
In most US schools, it is teached that New Deal is great instead of being isolationist and free-trade. The US government is not lean, but used politized trade before. Trump might just give others a return, who suffered on politization and also took advantage of the US.
The TRUMP tariffs will bring jobs back to the US - in the long run - as American manufacturers gain the incentive to produce the same products that were imported from China. (American companies made those products - originally - anyway) This process will REVERSE the events (that began in the late 90s) that forced production to go to China in the first place. Those events were: higher American union labor costs, Chinese currency manipulation and China's "preferred trading partner status" which ALL ultimately made Chinese goods cheaper to import. Even further, the tariffs will unemployment. The companies adversely affected by this REVERSAL OF PRODUCTION are "import companies" who specialize in bringing Chinese goods to the American market. Who cares about them? "F-them." Let them go out of business. THE WHOLE PROCES ISN'T ALL THAT HARD TO UNDERSTAND IF YOU CAN GET PAST YOUR "TDS" AND THINK ABOUT IT.
The EU has imposed tariffs for decades - it's odd how these tariffs are not criticised, but expected tariffs to be employed by Trump are? I wonder why?
Are you suggesting that the USA was and is not imposing tariffs ? Just a little fact (for as far facts matters to you): the amount of tariffs per capita is higher in the USA than in the EU. Let me guess: you are a Brexiteer ?
The EU is not a single country, like the USA is. It is a trading group. EU countries can trade tariff free with 26 other countries plus they have reduced tariffs on most goods with most countries. The EU uses a flat rate (the WTO rate) on all trade without reduced or tariff free agreements
The US system over the last 50 years made everyone more wealthy. Well, except in the US. Not everything works out the way you want. 50 years ago I worked a construction job in NYC that allowed me to comfortably rent a one room bedroom on West 73rd street right off Broadway on the West Side in Manhattan. I only had to work a forty hour workweek, and the first hour was when we sent out for breakfast and the last while we unloaded the truck. Today I work 80 hours a week with no overtime and no medical insurance. Thank the heavens for Social Security and yes, i am 'retired'. My entire yearly income would only pay the rent for five months for the apartment I lived in on the East Side in midtown for 15 years. Oh, yeah. I am so much better off now. Did i celebrate when that CEO got wasted near where I used to live" You bet your #ss I did, and I am still celebrating today.
@@branduusituuli The average wage is up 20% over the last decade, however, prices have risen 33% in the same time period. The average wage in 2014 was $791 a week, while in 2024 the average is still just $955 weekly. The CPI in 2014 was 236.70 while in 2024 the CPI was 314.40. Other numbers roll-in additional wealth from the top 5% or 1% that take 90% of the pay increases. Basic econ 101 when prices rise FASTER than wages, people are poorer. Hence they become more pessimistic.
@@branduusituuli The US, as a whole, is the wealthiest. But if you subtract half of that because it goes to a relatively very small number of the very rich, then not so much. According to the Bureau of Labor Statistics, $7.25 in July 2009 (when the last wage hike took effect) is equal to $10.50 in March 2024 (the last month of available inflation numbers). A minimum wage employee earning $7.25 an hour who is working full-time earns about $15,080 (which is just $20 more than the poverty level). That annual salary from 2009 would need to grow to around $21,870 today just to keep up with the rising cost of goods and services. Even before the 2009 pay bump, the federal minimum wage was failing to keep up with inflation. For example, it was set at $2 in 1974. Adjusted for inflation, that would be $8.86 in 2009 and $12.85 today.
@ Yes. That was my point really. The problem is not everyone else, it’s that the US (as a whole) has done very, very well over the last 50 or so years, and then failed to distribute that good fortune amongst its own citizens. I can’t see how Trumps plans for blaming and trying to punish everyone else is going to fix that problem.
@@branduusituuli you are confusing income per head and economic size. US compared to most European countries wold have the highest income but because of US prices and especially health care would mean it would be barely average living standards. Yes it might be In the top 10 in the world for the average person.
Nearly 1/2 of us Brits voted to remain in the EU, knowing, to some level that it would be a bad idea overall. Don't clump all of us in one group just because the leavers won (by a small margin).
But more people voted to leave the EU, trouble was the political establishment didn't so has never actually happened. I am sure that if Labour take us back in again without another referendum the financial penalties imposed on the UK will be astronomical.
@@me38443 We have left the EU. The problem you have is there was never a concrete definition of what brexit would actually involve. Before the vote, people including Rees-Mogg and Johnson even said we would stay in the single market. Maybe it would have been worth having that second referendum on the leaving terms
UK's relationship with the USA is more than close enough already. There's no point in a treaty obligation which one side can unilaterally abrogate on the whim of its dictator. My recollection of the EU referendum debate is that creating our own trade deals referred more specifically to countries like Mauretania, Fiji and the Maldives than anything we might do with the USA which would be opposed by every British patriot.
The threat of tariffs are in economic warfare what the nuclear threat is in military warfare. Actual use of the weapon is a lose-lose proposition, but the threat is effective nonetheless.
Trump knows two things: how to stay out of jail by running for president, and how to get revenge for real or imagined slights. Now that he's accomplished the first he will spend the next four years accomplishing the second.
Mona Charen is a conservative American political columnist, author, and commentator. She is known for her work in both print and broadcast media, often writing about political and cultural issues from a conservative perspective. Charen has worked as a policy analyst and served as a speechwriter for the Reagan administration. She has been a vocal critic of various aspects of contemporary politics, including the rise of populism. Charen is a long-time critic of former President Donald Trump. She has expressed concerns about his leadership, especially regarding his character, behaviour, and the impact of his policies on the conservative movement. In 2018, she publicly denounced Trump in a piece for National Review and has been associated with the "Never Trump" movement, which opposes Trump within the Republican Party. Given her criticism of Trump, it is highly unlikely that Mona Charen would support him in any future political endeavours. Instead, she advocates for a more traditional conservative vision, emphasizing values like integrity, personal responsibility, and limited government.
In other words she supports Neo-con supply side economics where the working class is exploited and expected to shut up and be happy. This woman is exactly why we have Trump in office and it follows a distinct pattern of oligarchy followed by fascism to quell real populist uprising. We’re now very close to a hunger games society
The last time we had considerable tariffs (and much higher than 10%) we were the most competitive economy in the world with an overwhelming edge in industrial capacity. We lost that because we allowed massive economies to subsidize their industry (at the cost of their households so purchasing power to import anything from us was also nil), without taking a stand and saying “cut it out.”
The US also subsidises big business. Just look up how much Tesla and Space X receive from the government. This has been the case since the 60's when Harley Davidson couldn't compete with the Japanese so they recieved subsidies and taxes were imposed
I learned a new word in my "U.S. - China Relations" Stanford Continuing Studies class last winter: "Autarchy": "Self-sufficiency, especially economic self-sufficiency as applied to nations." (The period of Chinese outreach and integration with the World Economy under Deng Xiaoping was actually an aberration.) So here we have Trump and his "America First" cronies trying to reproduce the [Traditional] Chinese Economic Model.
The claims in this interview are false. Tariffs are necessary because Communist China has an unfair trade advantage based on cheaper costs of production because of exploitation of workers conditions of work, control by the Communist state of the means of production and government resources that use this for ideological and poltical spread. Capital, the multinationals offshore from the USA because they have no moral compass and in doing so create long term problems. They would do deals with the devil if it got them money but they feed the beast which will turn on them. Tariffs are adjustments that return wealth to where it comes from and like ballast offsets a bias that may capsize countries that do not have balanced trade and which helps their commercial enemies subdue them.
Oh yes, the interview claims are false, just like the facts that the UK is poorer since Brexit are false. Tariffs will return what little wealth remains in the USA to the top 1% who own the companies. Just because you don't like the facts does not make them false. Tariffs NEVER impact the corporations, only the consumers.
Introducing high tariffs immediately will not have the desired effect. It will take time for US producers to have the confidence and take the decision to increase their production to replace imports from China. It will also take time for US manufacturers to find US suppliers for components within their goods. In the short term, companies who use Chinese components will see costs increase and will have to cut staff/costs so jobs will be lost and there will be a lag of a few years between those losses and potential new jobs.
Other countries said they will retaliate with tariffs of their own. Trump lost manufacturing jobs during his first administration and it will happen again. Your logic is simplistic and makes no sense. Look up what the Smoot-Haley tariffs did in the 1920’s. Hint: it helped start the Great Depression.
A Chartable type of Tariff based on what is legal to do in the US might gradually applied may do a great help by getting the worlds economies up on a more even footing by helping people see a future that is trying to respect their value in a proper economy. No matter how much automation is in the system,, there will need to be honest ways for deliver proper feedback, and soon enough to stop losses in a lot more areas than just the business realm. Plus it would instill respect and provide support for the masses to see needed rights built up in their own country.
The idea in the charitable part is to allow a redress of the disparity happen with the funds acquired should the foreign entity agree to, and exercise that action.
@Sean006 The spider would refuse the offer as he is allergic to orange criminals .I agree Trump is rapidly converting the U S A into a banana Republic. Sensible people should consider if they want to continue living in the U S A.
I reckon Trump has a finger in tariff revenues. How are such revenues collected? Could he have a siphon there? or would it be limited to accepting bribes for individual businesses to be exempted?
Trump has a Bachelor’s degree in economics. He ran a very successful economy for 4 years. He’s a billionaire who has built a successful brand. Stop with the smug comments you are making fools of yourselves.
He inherited a roaring economy from his predecessor. He increased the national debt more than any other preisdent in history. The number of U.S. Americans without health insurence went up drastically under his adminsitration. So, by which metric would you say he succeeded?
Seemingly - if one believes economists - Trump doesn't understand that the American consumer will most likely pay for the tariffs he imposes. American consumers don't understand that either.....but they probably don't have a diploma in economics. The blind leading the blind.....it will be an interesting economics experiment (Liz Truss will be green with envy)
He failed at so many of his business ventures and because his losses were so great he didn't pay tax for several years. Luckily for him daddy's money provided a safety net and because daddy was smarter he set up a good inheritance which gave him a large income every year. In fact all the children earned high income from childhood due to daddy trumps ways of avoiding tax. Trump's really big break was the Apprentice where he made a killing on product promotion and self promotion.
This deportation, where is he going to send the unwanted > home, anywhere outside the US? If it work will everyone else that has too many unwanted do the same?
Ughh... she is very articulate and seems very well informed about Trump's Tarrif plans and the possibility of him actually carrying them out. This confirmed my fears. It's very depressing.
SIX. But it wasn't personal bankruptcy. It was six of his darling businesses including 3 Casinos. (Casinos should never lose, house always wins) How can you make one Casino go bankrupt and then another two, that is the question. Bad business skills. The fact that he had six businesses that went bankrupt does not say what a great "businessman" you are. His time at "The Apprentice" was a sham.
There's nothing wrong about being self reliant, trump says the right thing... But it's the how to that went wrong even on his first term. You don't just U turn logistic chain, you create gradual transition that takes time. You introduce policies that incentivise local productions and/or introduce policies that incentivise development of alternative technology which doesn't rely on raw materials other countries have abundant of. Throwing out tariffs left and right have global spillover effect where a major producing country dumps their goods to developing countries and ruin their economy. America needs to look strong, and trump is the right President for it, just wish that he is more willing to pick the right people and not conspiracy propelling whack jobs.
00:1600:23 There is nothing wrong with being self-sufficient and not depending upon others. Trading is nice but essentially nobody needs "world trade", to survive, there was supposedly life before world trade. Ideally countries should be able to stand on their own and trade if they like.
why do people get cranked up with Trumps rhetoric. He just likes to say ridiculous rants as a renegotiating tool to get who ever to negate a much lesser end game
OLD NEWS rehashed by Times Radio. 100 days before inauguration? NO! It's just 19. WHY do TR keep on rehashing old material? It just hurts their (mostly) good reputation.
Who is being inerviewed here? She seems to be a little confused about reality. She sees conspiracy theorist at every street corner. Perhaps, not everything is imagined?
Sure but if you criticize tariffis you should also say that income taxes/gov subsidies/guaranteed student loans/public healthcare are also ‘recipe for economic decline’. Double standards as always
Tariffs and Taxes are almost diametrically opposed economic tools. Tariffs mostly hit low-income people and redistribute wealth to high-income people. [Progressive] Taxes do the opposite. Regardless, what most people want is "An Even Playing Field"; there's a perception (which isn't incorrect) that many Trade Deals don't account for different Self-Imposed Worker / Environmental / etc. Standards / Costs. I.e. we impose costs on ourselves to protect the Environment, Workers, etc., but if we have "Free" Trade with a Trading Partner which doesn't self-impose the same costs, then you have "An Uneven Playing Field". Traiffs and Trade Barriers should target these Self-Imposed Costs.
@@sewur5034 Yes, I understand that. But Tariffs end up being "Regressive Taxes" on Poor People, while Progressive Income Taxes hit Rich People harder ... or at least they're supposed to ...
@caseyleedom6771 Do tariffs on luxurious items hit rich or poor? Income taxes ALWAYS hit consumers, they just increase cost of labour in the country and force companies to move abroad.
@@sewur5034 Tariffs on Luxury items do hit the rich, but as a percentage of their wealth, not as much since the rich always have tax vehicles or loopholes to ameliorate such hits. Or, worst case scenario, simply defer the hits since they are non-necessities (luxuries). For the poor, Regressive Taxes hit them in things they need to survive and they mostly don't have tax vehicles or loopholes to take advantage of. Put another way: if eggs go up to $20/dozen, a rich person will complain but then shrug their shoulders and buy the eggs regardless; whereas a poor person who needs those eggs to feed their families will be hit very hard.
Trump said he would impose these terrifs IF their neighbors did not secure the borders from their side. As a Canadian, we're in for a world of hurt if we don't get our act together. 1% of shipping containers searched and 0% of train cars? He is right to threaten for his country's sake.
It´s not just the USA that is imposing tariffs on China´s products, it´s also the EU and a number of other countries that are tired of unfair competition coming from China and their ultra subsidized industries, cheap labor, lack of environmental regulations, lack of labor rights and their undervalued currency. India, Mexico, Brazil, Indonesia, Turkey and many other nations are beginning to impose tariffs on China, going anywhere from 30 percent to 200 hundred percent in some cases (Indonesia).
Sure just like any version of Brexit was going to make the UK richer and with people having more money. Sometimes the "cure" is much worse than the disease.
The TRUMP tariffs will bring jobs back to the US - in the long run - as American manufacturers gain the incentive to produce the same products that were imported from China. (American companies made those products - originally - anyway) This process will REVERSE the events (that began in the late 90s) that forced production to go to China in the first place. Those events were: higher American union labor costs, Chinese currency manipulation and China's "preferred trading partner status" which ALL ultimately made Chinese goods cheaper to import. Even further, the tariffs will unemployment. The companies adversely affected by this REVERSAL OF PRODUCTION are "import companies" who specialize in bringing Chinese goods to the American market. Who cares about them? "F-them." Let them go out of business. THE WHOLE PROCES ISN'T ALL THAT HARD TO UNDERSTAND IF YOU CAN GET PAST YOUR "TDS" AND THINK ABOUT IT.
When Donald J. Trump was 28-years-old, his father gave him 4,000 apartments! Imagine for one minute what that did to young Donald's mind. He would never be the same after. Does that sound like a normal kid from the good ole' USA? This is the clown millions of Americans voted back in The Oval Office. When you put a privileged kid in The White House you are inviting scorn and laughter from the entire world. Trump has no clue as to what it is to be an average American citizen, let alone the leader of the free world.
Well, he's come from Queens. You can't get much more normal than that. I'm not sure where the devil lives, but I'm pretty sure it's not Queens.
Trump has to be better than Biden. Or Kamala.
@@mikeincalifornia Yes you can get more normal than Queens. And being given 4,000 apartments is not normal.
@@AnotherPointOfView944 It's perfectly normal. Maybe a bit uncommon, but in the real world there's nothing unusual about being rich. Nothing in the least unusual about a son inheriting his father's money. Are you saying that there's something wrong with being rich? Without rich people the whole world would be poor. Poor people don't build apartment buildings, or create jobs, or do anything else to help people. Only rich people do those things.
His Father maked the Big Money after the WW2 to constructed Houses for the Military Personal.And the Money? Huge Tax Money ! Today Donald hate the Taxes about to build Homes for Poor People!
Im Dutch; that means I'm from the Netherlands (there where Amsterdam is). We are traders and have always been. We have a tiny country thats insainly rich because of that. You should learn from us, so you to can have healthcare, education, housing, clean energy etc. But as long as you persist that "America is the greatest", you wont have any of that.
Who gave you back your country 2 times… oh that was America… so not so savvy when you need another country to come in and remove the Germans twice for you because you could not defend yourself. You should probably keep your mouth shut on how great you are when you can’t even take care of yourself.
Dutch means you're from any of a number of countries. The most populous of which is Germany.
Have you played golf on the moon? Little Dutch boy? Enough said I think.
Yes, your country has been able to trade on seas across which the USA has used its sailors and ships, paid for by the American people, to guarantee passage. The part of the economy that your country has used on healthcare, education, infrastructure, etc., is the part that the USA has used to defend your trade routes. Plus, a large number of medical research and development occurs in the US, and most of that was also paid for by the US, raising healthcare costs here, then sold at a discount worldwide. Trump is a negotiator, and part of what he is telling the world is that the US isn’t going to foot the bill anymore, and new commitments will be required.
@projoebiochem what's wrong with trump wanting to buy land?
Trump, as Musk, does not appear to understand economics of running a country from roads and bridges to social services, housing and health....
Yes, everyone needs a bureaucrat, who doesn't even know traditional public law.
@urlauburlaub2222 I'm sure you're an expert on everything. Most delusions start there.
But you do. That's why you're much better at business than they are.
Is because the duo come from rich families
Anyone who passed high school economics knows tariffs are nothing new and will be a disaster.
In most US schools, it is teached that New Deal is great instead of being isolationist and free-trade. The US government is not lean, but used politized trade before. Trump might just give others a return, who suffered on politization and also took advantage of the US.
@urlauburlaub2222 "teached"? You mean taught.
I guess you didn't get very far with your schooling.
@@AnotherPointOfView944 He never learned "politicized" either !
TOO BAD YOU FAILED THAT ECONOMICS CLASS. HA, HA
The TRUMP tariffs will bring jobs back to the US - in the long run - as American manufacturers gain the incentive to produce the same products that were imported from China. (American companies made those products - originally - anyway) This process will REVERSE the events (that began in the late 90s) that forced production to go to China in the first place. Those events were: higher American union labor costs, Chinese currency manipulation and China's "preferred trading partner status" which ALL ultimately made Chinese goods cheaper to import. Even further, the tariffs will unemployment. The companies adversely affected by this REVERSAL OF PRODUCTION are "import companies" who specialize in bringing Chinese goods to the American market. Who cares about them? "F-them." Let them go out of business.
THE WHOLE PROCES ISN'T ALL THAT HARD TO UNDERSTAND IF YOU CAN GET PAST YOUR "TDS" AND THINK ABOUT IT.
Funny how both Trump & Putin both are more concerned with loyalty over ability?
Yes... they both are rightly afraid of "back-stabbers". So anything to avoid that.
@@AnotherPointOfView944you been all in these posts are you mad the guy you worship like a god is an idiot
@@SteelExoskeleton Should either of them work with a DOPE like you? Ha
So was Boris Johnson and look what happened to him
Trump takes very good care of himself. End game!!!
Exactly! If he tanks the economy it benefits the wealthy. Democracy is only as good as the education that surrounds it.
The EU has imposed tariffs for decades - it's odd how these tariffs are not criticised, but expected tariffs to be employed by Trump are? I wonder why?
Are you suggesting that the USA was and is not imposing tariffs ?
Just a little fact (for as far facts matters to you): the amount of tariffs per capita is higher in the USA than in the EU.
Let me guess: you are a Brexiteer ?
America actually has lots of tariffs with other countries. Trumpfs tariff promise is different and will be disastrous
The EU is not a single country, like the USA is. It is a trading group. EU countries can trade tariff free with 26 other countries plus they have reduced tariffs on most goods with most countries. The EU uses a flat rate (the WTO rate) on all trade without reduced or tariff free agreements
I think I'll wait and see how things go for a little while before I tell people we're all doomed like I keep seeing here and there.
The next six months should be interesting.
Shifting tax burden from the upper class to the masses. Insanity.
Trump loves chaos, that is for sure. The more he can create, the happier he is. The world will pay the price for his joy ride.....
His father ran the family in much the same way and Donald was his favourite.
Amen
The world was a better place when he was last in charge.
All your scaremongering didn’t work last time either
@@simonshotter8960 you are a perfect example of brainless.
The more chaos the more he can grift on the side
Trump is like: "How can I destroy America's global influence as fast as possible?"
Cool!
No the Neo-liberal agenda and supply side economics destroyed everything hence trumps populist appeal
No, that is what Biden did.
@@frankchi1771 You obviously haven't got a clue!
Trump likes capitalism so long as the rules are in America's favour.
As the US President of a country that is both an example and better than China so he should. He should protect the USA.
In (Trump's) favor, trade war and higher costs for consumers aren't good for America.
OF COURSE. HE'S AN AMERICAN PRESIDENT. NITWIT.
The US system over the last 50 years made everyone more wealthy. Well, except in the US. Not everything works out the way you want. 50 years ago I worked a construction job in NYC that allowed me to comfortably rent a one room bedroom on West 73rd street right off Broadway on the West Side in Manhattan. I only had to work a forty hour workweek, and the first hour was when we sent out for breakfast and the last while we unloaded the truck. Today I work 80 hours a week with no overtime and no medical insurance. Thank the heavens for Social Security and yes, i am 'retired'. My entire yearly income would only pay the rent for five months for the apartment I lived in on the East Side in midtown for 15 years. Oh, yeah. I am so much better off now. Did i celebrate when that CEO got wasted near where I used to live" You bet your #ss I did, and I am still celebrating today.
You say that the US system made everyone more wealthy - except in the US. Hang on - isn’t the US the richest country on the planet ?
@@branduusituuli The average wage is up 20% over the last decade, however, prices have risen 33% in the same time period. The average wage in 2014 was $791 a week, while in 2024 the average is still just $955 weekly. The CPI in 2014 was 236.70 while in 2024 the CPI was 314.40. Other numbers roll-in additional wealth from the top 5% or 1% that take 90% of the pay increases. Basic econ 101 when prices rise FASTER than wages, people are poorer. Hence they become more pessimistic.
@@branduusituuli The US, as a whole, is the wealthiest. But if you subtract half of that because it goes to a relatively very small number of the very rich, then not so much.
According to the Bureau of Labor Statistics, $7.25 in July 2009 (when the last wage hike took effect) is equal to $10.50 in March 2024 (the last month of available inflation numbers).
A minimum wage employee earning $7.25 an hour who is working full-time earns about $15,080 (which is just $20 more than the poverty level). That annual salary from 2009 would need to grow to around $21,870 today just to keep up with the rising cost of goods and services.
Even before the 2009 pay bump, the federal minimum wage was failing to keep up with inflation. For example, it was set at $2 in 1974. Adjusted for inflation, that would be $8.86 in 2009 and $12.85 today.
@ Yes. That was my point really. The problem is not everyone else, it’s that the US (as a whole) has done very, very well over the last 50 or so years, and then failed to distribute that good fortune amongst its own citizens. I can’t see how Trumps plans for blaming and trying to punish everyone else is going to fix that problem.
@@branduusituuli you are confusing income per head and economic size. US compared to most European countries wold have the highest income but because of US prices and especially health care would mean it would be barely average living standards. Yes it might be In the top 10 in the world for the average person.
Nearly 1/2 of us Brits voted to remain in the EU, knowing, to some level that it would be a bad idea overall.
Don't clump all of us in one group just because the leavers won (by a small margin).
But more people voted to leave the EU, trouble was the political establishment didn't so has never actually happened. I am sure that if Labour take us back in again without another referendum the financial penalties imposed on the UK will be astronomical.
@me38443 yea, I did say that they won/ had more votes 😉
@@me38443 We have left the EU. The problem you have is there was never a concrete definition of what brexit would actually involve. Before the vote, people including Rees-Mogg and Johnson even said we would stay in the single market. Maybe it would have been worth having that second referendum on the leaving terms
UK's relationship with the USA is more than close enough already. There's no point in a treaty obligation which one side can unilaterally abrogate on the whim of its dictator. My recollection of the EU referendum debate is that creating our own trade deals referred more specifically to countries like Mauretania, Fiji and the Maldives than anything we might do with the USA which would be opposed by every British patriot.
The threat of tariffs are in economic warfare what the nuclear threat is in military warfare. Actual use of the weapon is a lose-lose proposition, but the threat is effective nonetheless.
American people need to get better educated so they can elect the right candidate during election. Education is key!
You can’t shrink to greatness!
6:59
The world has had this idea for the last 75years at least.
Trump knows two things: how to stay out of jail by running for president, and how to get revenge for real or imagined slights. Now that he's accomplished the first he will spend the next four years accomplishing the second.
Or trying to.
If Trump should understand one thing its this. It is insane and even suicidal to tease or try to deceive people who are somewhat awake.
Mona Charen is a conservative American political columnist, author, and commentator. She is known for her work in both print and broadcast media, often writing about political and cultural issues from a conservative perspective. Charen has worked as a policy analyst and served as a speechwriter for the Reagan administration. She has been a vocal critic of various aspects of contemporary politics, including the rise of populism.
Charen is a long-time critic of former President Donald Trump. She has expressed concerns about his leadership, especially regarding his character, behaviour, and the impact of his policies on the conservative movement. In 2018, she publicly denounced Trump in a piece for National Review and has been associated with the "Never Trump" movement, which opposes Trump within the Republican Party.
Given her criticism of Trump, it is highly unlikely that Mona Charen would support him in any future political endeavours. Instead, she advocates for a more traditional conservative vision, emphasizing values like integrity, personal responsibility, and limited government.
In other words she supports Neo-con supply side economics where the working class is exploited and expected to shut up and be happy. This woman is exactly why we have Trump in office and it follows a distinct pattern of oligarchy followed by fascism to quell real populist uprising. We’re now very close to a hunger games society
The last time we had considerable tariffs (and much higher than 10%) we were the most competitive economy in the world with an overwhelming edge in industrial capacity. We lost that because we allowed massive economies to subsidize their industry (at the cost of their households so purchasing power to import anything from us was also nil), without taking a stand and saying “cut it out.”
The US also subsidises big business. Just look up how much Tesla and Space X receive from the government. This has been the case since the 60's when Harley Davidson couldn't compete with the Japanese so they recieved subsidies and taxes were imposed
Wait and see.if all these experts really were experts we'd never have recessions
Gabbard lost me at calling Jake Sullivan a "warmonger"...
I learned a new word in my "U.S. - China Relations" Stanford Continuing Studies class last winter: "Autarchy": "Self-sufficiency, especially economic self-sufficiency as applied to nations." (The period of Chinese outreach and integration with the World Economy under Deng Xiaoping was actually an aberration.) So here we have Trump and his "America First" cronies trying to reproduce the [Traditional] Chinese Economic Model.
The claims in this interview are false. Tariffs are necessary because Communist China has an unfair trade advantage based on cheaper costs of production because of exploitation of workers conditions of work, control by the Communist state of the means of production and government resources that use this for ideological and poltical spread. Capital, the multinationals offshore from the USA because they have no moral compass and in doing so create long term problems. They would do deals with the devil if it got them money but they feed the beast which will turn on them. Tariffs are adjustments that return wealth to where it comes from and like ballast offsets a bias that may capsize countries that do not have balanced trade and which helps their commercial enemies subdue them.
Oh yes, the interview claims are false, just like the facts that the UK is poorer since Brexit are false. Tariffs will return what little wealth remains in the USA to the top 1% who own the companies. Just because you don't like the facts does not make them false. Tariffs NEVER impact the corporations, only the consumers.
Stop yapping because China is mixed with capitalism and communism
Introducing high tariffs immediately will not have the desired effect. It will take time for US producers to have the confidence and take the decision to increase their production to replace imports from China. It will also take time for US manufacturers to find US suppliers for components within their goods. In the short term, companies who use Chinese components will see costs increase and will have to cut staff/costs so jobs will be lost and there will be a lag of a few years between those losses and potential new jobs.
Where did you get your degree in economics?
Other countries said they will retaliate with tariffs of their own. Trump lost manufacturing jobs during his first administration and it will happen again. Your logic is simplistic and makes no sense. Look up what the Smoot-Haley tariffs did in the 1920’s. Hint: it helped start the Great Depression.
A Chartable type of Tariff based on what is legal to do in the US might gradually applied may do a great help by getting the worlds economies up on a more even footing by helping people see a future that is trying to respect their value in a proper economy. No matter how much automation is in the system,, there will need to be honest ways for deliver proper feedback, and soon enough to stop losses in a lot more areas than just the business realm. Plus it would instill respect and provide support for the masses to see needed rights built up in their own country.
The idea in the charitable part is to allow a redress of the disparity happen with the funds acquired should the foreign entity agree to, and exercise that action.
Decline tariffs to México Trump
Trump knows as much about economics as my pet spider .
Don't do that, your pet spider is much more capable.
😆😆
Perhaps Trump is going to choose your spider to run the Federal Reserve.....stranger things are happening.
@Sean006 The spider would refuse the offer as he is allergic to orange criminals .I agree Trump is rapidly converting the U S A into a banana Republic. Sensible people should consider if they want to continue living in the U S A.
I reckon Trump has a finger in tariff revenues. How are such revenues collected? Could he have a siphon there? or would it be limited to accepting bribes for individual businesses to be exempted?
The only thing I haven't seen said yet about Trump yet is when he will want to become the next Pope and move the Vatican to America 🙄😆
Trump has a Bachelor’s degree in economics. He ran a very successful economy for 4 years. He’s a billionaire who has built a successful brand. Stop with the smug comments you are making fools of yourselves.
How many bankruptcies, how many convictions for corrupt business practices? Meh, grifter.
Fake University, and more.
Orange Anti-Christ.
He inherited a roaring economy from his predecessor. He increased the national debt more than any other preisdent in history. The number of U.S. Americans without health insurence went up drastically under his adminsitration. So, by which metric would you say he succeeded?
Seemingly - if one believes economists - Trump doesn't understand that the American consumer will most likely pay for the tariffs he imposes. American consumers don't understand that either.....but they probably don't have a diploma in economics. The blind leading the blind.....it will be an interesting economics experiment (Liz Truss will be green with envy)
Pink ponies fly iver rainbows in a purple sky.
He failed at so many of his business ventures and because his losses were so great he didn't pay tax for several years. Luckily for him daddy's money provided a safety net and because daddy was smarter he set up a good inheritance which gave him a large income every year. In fact all the children earned high income from childhood due to daddy trumps ways of avoiding tax. Trump's really big break was the Apprentice where he made a killing on product promotion and self promotion.
That’s what happened when we left Europe?
*The most "abnormal" thing about America is it's electorate.*
The electoral college is a necessity.
@@lindadalton1541 Why? The rest of the world manages without it.
@ it evens out the voting process in regards to the population in districts
@@lindadalton1541 *I said the electorate, i.e. the people that vote. Nothing to do with the electoral system.*
Disqualified, Trump
This deportation, where is he going to send the unwanted > home, anywhere outside the US? If it work will everyone else that has too many unwanted do the same?
I am not buying from you, Well then I will not buying from you... Win Win Trump says so.
The only hope for the US is 2029.
Happy New Year, friends 😁😁😁😁😁
Europe's lucky that Erdogan and Putin are friends (Blue Stream 1,2) 😅
Excellent interview in every respect 👏
Brexiters spitting their whisky into their cornflakes at some of these truths 😂
He will use tariffs because they worked for him before. Do you think he's just pulling the tariff trick out of a hat?
Yes, like all his other plans.
He has a 'concept' of a plan.
But he never reads history, economics or logic, so he does what ever comes into his head on a wet Wednesday.
LOL, MONA CHAREN, “…Trump has very few fixed principles, practically none.”✅
Ughh... she is very articulate and seems very well informed about Trump's Tarrif plans and the possibility of him actually carrying them out. This confirmed my fears. It's very depressing.
Was it seven or eight times bankrupt?
Doesn’t matter…it’s not illegal to declare bankruptcy
SIX. But it wasn't personal bankruptcy. It was six of his darling businesses including 3 Casinos. (Casinos should never lose, house always wins)
How can you make one Casino go bankrupt and then another two, that is the question. Bad business skills.
The fact that he had six businesses that went bankrupt does not say what a great "businessman" you are.
His time at "The Apprentice" was a sham.
This guy is an insurgents, then everything’s wills makes senses.
What can you expect from a failed game show host, 2act 🤡show
This will be Brexit on steroids.
Trumpster Fire
OK KWEAR. Whatever you say.
@@Matthew-zw9su 🤣🤣
There's nothing wrong about being self reliant, trump says the right thing... But it's the how to that went wrong even on his first term. You don't just U turn logistic chain, you create gradual transition that takes time. You introduce policies that incentivise local productions and/or introduce policies that incentivise development of alternative technology which doesn't rely on raw materials other countries have abundant of. Throwing out tariffs left and right have global spillover effect where a major producing country dumps their goods to developing countries and ruin their economy. America needs to look strong, and trump is the right President for it, just wish that he is more willing to pick the right people and not conspiracy propelling whack jobs.
Fiat money is the best money
00:16 00:23 There is nothing wrong with being self-sufficient and not depending upon others. Trading is nice but essentially nobody needs "world trade", to survive, there was supposedly life before world trade. Ideally countries should be able to stand on their own and trade if they like.
why do people get cranked up with Trumps rhetoric. He just likes to say ridiculous rants as a renegotiating tool to get who ever to negate a much lesser end game
Ever seen the Sopranos? You’re confusing Trump and his crime family with a businessman or a trade negotiator.
Yes Trump's re-negotiating is the same as another great populist from the 1930s who demanded parts of other countries.
OLD NEWS rehashed by Times Radio. 100 days before inauguration? NO! It's just 19. WHY do TR keep on rehashing old material? It just hurts their (mostly) good reputation.
Who is being inerviewed here? She seems to be a little confused about reality. She sees conspiracy theorist at every street corner. Perhaps, not everything is imagined?
This I know, No country no matter who they are is every happy about something some other country does even if it's none of there business.
Sure but if you criticize tariffis you should also say that income taxes/gov subsidies/guaranteed student loans/public healthcare are also ‘recipe for economic decline’.
Double standards as always
Tariffs and Taxes are almost diametrically opposed economic tools. Tariffs mostly hit low-income people and redistribute wealth to high-income people. [Progressive] Taxes do the opposite. Regardless, what most people want is "An Even Playing Field"; there's a perception (which isn't incorrect) that many Trade Deals don't account for different Self-Imposed Worker / Environmental / etc. Standards / Costs. I.e. we impose costs on ourselves to protect the Environment, Workers, etc., but if we have "Free" Trade with a Trading Partner which doesn't self-impose the same costs, then you have "An Uneven Playing Field". Traiffs and Trade Barriers should target these Self-Imposed Costs.
@@caseyleedom6771 They are exactly the same thing and both are being paid by consumers.
Tariffs are literally taxes on imported goods.
@@sewur5034 Yes, I understand that. But Tariffs end up being "Regressive Taxes" on Poor People, while Progressive Income Taxes hit Rich People harder ... or at least they're supposed to ...
@caseyleedom6771 Do tariffs on luxurious items hit rich or poor?
Income taxes ALWAYS hit consumers, they just increase cost of labour in the country and force companies to move abroad.
@@sewur5034 Tariffs on Luxury items do hit the rich, but as a percentage of their wealth, not as much since the rich always have tax vehicles or loopholes to ameliorate such hits. Or, worst case scenario, simply defer the hits since they are non-necessities (luxuries). For the poor, Regressive Taxes hit them in things they need to survive and they mostly don't have tax vehicles or loopholes to take advantage of. Put another way: if eggs go up to $20/dozen, a rich person will complain but then shrug their shoulders and buy the eggs regardless; whereas a poor person who needs those eggs to feed their families will be hit very hard.
Trump said he would impose these terrifs IF their neighbors did not secure the borders from their side. As a Canadian, we're in for a world of hurt if we don't get our act together. 1% of shipping containers searched and 0% of train cars? He is right to threaten for his country's sake.
There is little desire on behalf of the British people to rejoin the EU, and even less enthusiasm among EU countries to have the UK back.
The rest need to pony up…we shouldn’t be carrying more than our fair share
Another ob puppett
It´s not just the USA that is imposing tariffs on China´s products, it´s also the EU and a number of other countries that are tired of unfair competition coming from China and their ultra subsidized industries, cheap labor, lack of environmental regulations, lack of labor rights and their undervalued currency. India, Mexico, Brazil, Indonesia, Turkey and many other nations are beginning to impose tariffs on China, going anywhere from 30 percent to 200 hundred percent in some cases (Indonesia).
The
Worthless opinion.
Besides almost anything has to be better than the last 4 years.
Sure just like any version of Brexit was going to make the UK richer and with people having more money. Sometimes the "cure" is much worse than the disease.
North Korea? OK you go there and see for yourself.
Way to opinionated, how about stick to facts please?
The TRUMP tariffs will bring jobs back to the US - in the long run - as American manufacturers gain the incentive to produce the same products that were imported from China. (American companies made those products - originally - anyway) This process will REVERSE the events (that began in the late 90s) that forced production to go to China in the first place. Those events were: higher American union labor costs, Chinese currency manipulation and China's "preferred trading partner status" which ALL ultimately made Chinese goods cheaper to import. Even further, the tariffs will unemployment. The companies adversely affected by this REVERSAL OF PRODUCTION are "import companies" who specialize in bringing Chinese goods to the American market. Who cares about them? "F-them." Let them go out of business.
THE WHOLE PROCES ISN'T ALL THAT HARD TO UNDERSTAND IF YOU CAN GET PAST YOUR "TDS" AND THINK ABOUT IT.