patrick.net

This is going to hurt, but it needs to be done.

This Chart is the reciprocal list, got it off X, so accuracy not guaranteed.



BIG
BEAUTIFUL
TARIFFS

I never thought I'd live to see the day, Thanks Trump. External Revenue Service.

Promises Made, Promises Kept.

I also support these tariffs.

Long term, it should bring a lot more jobs back to the US and benefit the US working class immensely - but only as long as more criminal aliens are deported each day than are entering.

https://bioclandestine.substack.com/p/why-is-trump-calling-today-liberation

The reason Trump is calling today “Liberation Day”, is because if Trump’s tariff economic plan is successful, income taxes will be no more, and the American People will no longer be tax slaves to a corrupt system.

Today will be known as the day that ended our economic slavery.

If Trump’s plan is successful, and tariffs replace income tax, the quality of life for the American People will be significantly better, and we will no longer be indentured servants to a corrupt machine. No longer will our labor be taxed to fund war and destruction around the globe. No longer will our labor be taxed just for the corrupt ruling class to line their pockets off of our suffering.

We are currently slaves to the IRS, and Trump’s tariff economic plan is trying to end that.

That’s why, if Trump’s plan works, today will be know as “Liberation Day”. Trump is trying to get rid of income tax.

He's doing it in the wrong order, IMO.

He should've started with lowering/eliminating taxes so people would have more disposable income to absorb tariff-induced price increases. And starting with lowering taxes would also lift the stonks, creating a psychological offset to the effect of raising prices of imported goods. If your paycheck is now heftier by the amount that used to be deducted for FIT and your 401k is up, it is easier to overlook that price of stuff you buy went up 10-34%. But if your paycheck is the same, your 401k is in the toilet and the prices are up 10-30% the consumer sentiment will go to shit and we'll have the recession, layoffs and all the jazz while Fed won't be able to cut rates because inflation is still too high.

Who's the main adviser on economy, Lutnick? Is he a stupid cunt?

AmericanKulak says

This Chart is the reciprocal list, got it off X, so accuracy not guaranteed.



BIG
BEAUTIFUL
TARIFFS

I never thought I'd live to see the day, Thanks Trump. External Revenue Service.

Promises Made, Promises Kept.

help me understand why the tariffs are discounted?

SharkyP says

help me understand why the tariffs are discounted?

It's either because to avoid complaints or because of the non-tariff barriers included in the percentages.

RWSGFY says

we'll have the recession

I think they are going for recession on purpose to force the Fed's hand in lowering rates... So we can refinance our debt at a better rate. If we have a big recession I don't see inflation but could be wrong I guess. Apparently inflation is low right now.

VOLVO, owned by China now, is expanding US Domestic Production in response to BBT's.
https://insiderpaper.com/carmaker-volvo-to-step-up-us-production-after-tariffs/


Protectionist Europe, with high tariffs and non-tariff trade barriers, declares "Protectionism for me, but not for America - Thee!"

AmericanKulak says

VOLVO, owned by China now, is expanding US Domestic Production in response to BBT's.

How can that be!

Xi just banned Chinese investment in the US.

Ford strikes while the Iron is hot.
https://www.foxbusiness.com/markets/ford-motor-company-offer-employee-pricing-all-u-s-shoppers-handshake-deal-every-american

When the globalists have lost a Kennedy...

https://www.coffeeandcovid.com/p/morning-in-america-thursday-april

https://x.com/charliekirk11/status/1907542564972253688

“April 2nd, 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed,” President Trump told a large audience at the Rose Garden yesterday afternoon. “It’s our Declaration of Economic Independence,” he soaringly explained.

The speech was equal parts policy, data, and classic Trumpian showmanship. And, having slept on it, I have decided it was a historic speech for a historic moment. Among other things, it completely changed my understanding of what globalism means.

President Trump said, “Our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike.” After marinating in that concept in the wee hours, I realized something: Globalism is not an ideology. It’s not actually about “rules-based international order,” borderless utopias, or saving the planet. That’s the fig leaf. (Just look how fast they sprang to defend borders when Trump mentioned annexing Canada and Greenland.)

Trump gets it, and now I do, too. ‘Globalism’ is much simpler than we thought—and even uglier, if that’s possible. It’s all about money. It’s a global grift. Its entire goal is to preserve a rigged trade system, where the United States charges no tariffs, but every other country can slap tariffs, VAT taxes, currency manipulation, and non-tariff barriers on American goods. That’s it. That’s the whole scam. It’s not about international harmony.

It’s about keeping the U.S. market wide open (the “open borders”) while everyone else plants automated toll booths all along their borders.

Do see how that lopsided, asymmetric dynamic —no tariffs on US foreign trade but unlimited barriers to US goods— creates unlimited possibility for profit by insider élites who understand how to game the scam? It’s all designed for parasitic globalists to leech blood from ailing American taxpayer hosts and swank around Europe on our dime.

To disguise the grift, they put on a show. The show is called “globalism.” The show’s plot consists of very expensive leftwing demands that always deplore an imminent crisis and demand billions of dollars. See, e.g., climate change.

And America always foots the bill. America’s working class, that is. The suckers. ...

It’s not easy to boil down the hour-long talk. But Trump made two main points. First, taking his critics head on, he insisted tariffs will ultimately lower prices for Americans: “We will pry open foreign markets and break down foreign trade barriers, and ultimately more production at home will mean stronger competition and lower prices for consumers.”

In other words, he’s shaking off the ticks.

Next, Trump means to revitalize our infected body politic. He repeatedly explained how our once world-class manufacturing sector has been hollowed out, and our once vital industrial cities have been reduced to smoking ruins. It’s a valid point his critics mostly ignore, because they cannot argue the inarguable.

Trump intends to reverse America’s long, slow slide into industrial oblivion.

And he offered a simple solution to any foreign companies hurt by the tariffs: a generous invitation. “To any company that objects to our common sense reciprocal tariffs… my answer is very simple: If you want your tariff rate to be zero, then you build your product right here in America,” the President said.

“Jobs and factories will come roaring back into our country… this will indeed be the golden age of America,” Trump said. ...

Deep in the EO’s dense substance were two key paragraphs that everyone else has so far missed. They give Trump unilateral power to adjust every single tariff, country by country, based on how they respond. If a country drops its trade barriers, Trump can lower the tariff. If they retaliate or drag their feet, he can crank their tariff higher.

Trump has total control. It’s a combination pressure button and baseball bat.

Simply put, the EO created an executive tariff dashboard and put Trump in charge. He now holds leverage over every single country in the world. They can either start playing fair, or they can pay dearly for access to the American market— the world’s biggest buyer. It’s up to them. Trump is now holding all the cards.

For the first time in decades, the international trade negotiation table is flipped around. The pressure is no longer on us to “liberalize.” The pressure is on them to play fair. And Trump made it clear in his speech: he plans to use that leverage — relentlessly, one country at a time.

Trump made the obvious point: “If imposing tariffs and protective barriers made nations poor, then every country on earth would be racing to eliminate these policies, and China would be the first in line.”

That inarguable fact is the biggest problem his critics face. If tariffs are so terrible, why do all these other countries stick to theirs like fattened leeches? Why are their economies booming even while they wall off American goods from their markets? The critics have no good answer, only fear.

Unsurprisingly, the parasite class — the dug-in globalists, Wall Street bankers, and trade lawyers who’ve been skimming off this crooked system for decades — has lost its mind. These insects have grown fat feeding off the overcomplicated asymmetry. They don’t want a level playing field; they need the tall grasses of convoluted trade barriers and labyrinthine labor policies in which to hide and keep sucking blood. ...

To put it differently, it is true the tariff is charged at the port of entry. But if Chinese factories want to keep selling here, they must lower their prices to absorb the hit, because consumers won’t pay. Foreign producers indirectly pay the tariff through lowered prices, or they lose market share.

It’s that simple.

Here’s how it works in real life: If a Chinese plasma TV costs $1,000 and there’s a 10% tariff, the U.S. government collects $100. Walmart tells the Chinese supplier, “We’re not eating that cost. Cut your price to $900 or we’ll stop buying.” So the Chinese factory promptly cuts its price to stay in business.

The result is that the U.S. Treasury gets paid, Chinese exporters take the loss, and American consumers barely notice. ...

Holding a sledgehammer of tariffs, leverage, and a crystal clear message: Open your markets to us, or pay dearly for access to ours.

That is why foreign governments, corporate media, and the parasite class are howling. The postwar free ride is over. The host finally vomited up the parasite. And the Bretton Woods era is finally finished. ...

Yesterday, Trump summed it up, saying:

“From this day on, we're not going to let anyone tell us that American workers and families cannot have the future that they deserve. We're going to produce the cars and ships, chips, airplanes, minerals and medicines that we need right here in America. They're coming roaring back. They're all coming back to our country. Because if they don't, they've got a big tax to pay. And if they do, I'll be very happy. And you're going to be very happy— and you're going to be very safe. We're going to build our future with American hands, with American heart, American steel, and we're going to build it with American pride— like we used to.”
But prepare yourself for battle. The parasites won’t give up the biggest grift in history without the biggest fight in history. It could be rhetorically apocalyptic. So stay strong. This is a once-in-a-lifetime chance to literally change the world for the better.

Happy Liberation Day!

Patrick says

Here’s how it works in real life: If a Chinese plasma TV costs $1,000 and there’s a 10% tariff, the U.S. government collects $100. Walmart tells the Chinese supplier, “We’re not eating that cost. Cut your price to $900 or we’ll stop buying.” So the Chinese factory promptly cuts its price to stay in business.

The result is that the U.S. Treasury gets paid, Chinese exporters take the loss, and American consumers barely notice. ...

How does the Treasury collect $100 on a tariff that isn't paid because Amazon never bought that TV for $1,000?

And if they pay $900 for that TV don't they still pay a $90 tariff?

Answer: new lower $900 price plus tariff is $990 for that TV.

Dude needs to explain it better than he did.

https://open.substack.com/pub/quoththeraven/p/your-discomfort-means-its-working

And as I said at the beginning of the article, it has been one day. One goddamn day.


The shock of this event will eventually begin to wear off, and we will achieve a new level of homeostasis—just maybe with financial asset prices lower. Future volatility may come from a cascading deleveraging in the financial world, and I don’t see this as a negative either. Does Fartcoin still have a bid? Yes? Well then, all the excess that should have been carried out has not been carried out yet. And who knows—maybe at about the same time the lower and middle class starts to get their financial footing, stocks will actually return to somewhat of a reasonable valuation so that John Q. Public can get a chance to take a bite of the apple.

I know what this sign means!

It is used in many countries. It means, "American tariffs are fucking us soon!"

I’ve noticed that people who literally want a tax on cow farts are very upset about these tariffs.

The people who overpaid for a ridiculous Tesla also complain.

AmericanKulak says

Ford strikes while the Iron is hot.
https://www.foxbusiness.com/markets/ford-motor-company-offer-employee-pricing-all-u-s-shoppers-handshake-deal-every-american

Caredge interviewed a couple of wired in dealers today. This doesn't mean prices will drop and not go up, just that we'll get the employee price whatever that ends up being.

Maybe the best they can do though?

DeportLibtards says

Looks like meme guy’s got a a new coffee mug.

That drivel about Jonny Q Public not buying stonks, because they are "expensive" is reatrded AF.
62% of the public owns stonks. And if history is any guide regular people buy less stonks after a major crash, not more. Some stayed on the sidelines for 5-6 years after the great liberation of 2008.

But I can see some billionaires with insider info about how Afghanistan-like the tariff rolout was going to be shorting the shit out of stonks.

The one thing Liberation Day hasn't liberated us from is all the globalist bullshit being posted now about 'free trade' and 'Smoot-Halley'.

Rustbelt bros are really bummed they won’t be able to visit the Bordeaux wine regions of France this year.



"It ain't much. But it's Europe."

RWSGFY says

But if your paycheck is the same, your 401k is in the toilet and the prices are up 10-30% the consumer sentiment will go to shit and we'll have the recession, layoffs and all the jazz while Fed won't be able to cut rates because inflation is still too high.

Or we just don't buy from foreign countries and they lower their price. Outside of a few agricultural products, almost everything can be done here in the US. A car company like BMW will either stop selling cars here or lower their prices, as Americans won't buy them anymore.

Never understood this assumption that this would raise prices here. We just don't buy it and put it on our shelves or wherever. Might see some imported products go short or disappear, who cares? Think about what one REALLY needs on a day to day basis. We've been getting screwed as the world largest market.

For the 401k part I'd be waiting anyway to see if Trump does more tax cuts if you're close to retirement age. If you saved properly the dividends should cut the current paper losses to a minimal amount and it will rebound anyway.

Tucker interviews Scott Bessent



https://x.com/TuckerCarlson/status/1908204378613248067

https://www.coffeeandcovid.com/p/the-first-seal-friday-april-4-2025

Most of the other FAANG+ companies announced plans to soon spend multiple billions in the US. Amazon, Microsoft, OpenAI, Oracle, Softbank, and Meta— together they announced last week over a trillion dollars in new domestic investment.

So … Trump’s tariff plan started working well before he announced it on Liberation Day. The FAANG+ tech leaders were already moving back toward more familiar shores. The hit would have been much worse if these moves weren’t already on the record. ...

Now pay close attention. It’s impossible to overestimate the mind-blowing possibilities. Despite media’s fake claims, Trump has obviously wargamed this out for a long time, his four years in the wilderness. So … now he’s holding all the cards, what will he ask the world’s countries for? The possibilities are endless and potentially world-changing. Suddenly, he holds all the world’s leaders in the palm of his hand— including, or especially, the countries who helped his deep state enemies further RussiaGate and Crossfire Hurricane. ...

At some point, people will start asking the obvious question: Why didn’t any other U.S. President ever try this before? But this wasn’t something the President dreamed up over breakfast in Trump Tower’s penthouse. It wasn’t easy. This was a brilliant sequence of legal maneuvers, traceable all the way back to his first act as President: declaring a state of economic emergency on January 20th.

It took a dozen moves — each one snapping into place like tumblers in a lock — to reach this moment. Without Congress’s shocking, history-defying compliance, it would never have got off the ground. And now, as of this week, Trump — and Trump alone — holds the world in the palm of his hand.

If the goal to make everything in the US what is the point of NOT giving our own businesses time to prepare, build plants and train people, but instead imposing obscenely high tariffs immediately, risking price increases, layoffs and market crash? Whatever manufacturing invesrment is announced today will be up in runnning early NEXT year at best. The whole thing reeks of stupid. It's like burning your house to cook a steak.