patrick.net

https://x.com/589bull10000/status/1908530416778158421

The Theoretical Basis for Trump’s Tariffs

The theoretical basis for the Liberation Day tariffs can be found in the book Balanced Trade: Ending the Unbearable Cost of America’s Trade Deficits. Written in 2014 by three economic professors, Jesse Richman, Howard Richman, and Ryamond Richman, the book challenges the orthodox theory that free trade is always beneficial and argues for an alternate policy they call balanced trade.

Trump’s Liberation Day tariffs are are calucalted with the exact same formula as the Richmans’ scaled tariffs.

In fact, if you read Trump’s executive order, it reads as if it was written by the Richmans - or at ;east by someone with a copy of their book on their desk as they typed the executive order. If you compare Trump’s executive order to pages 8-11 of Balanced Trade you’ll see it for yourself. Rarely in the history of presidential policy has a scholars policy formulation been so precisely followed.

The only difference is that Trump has also included a national strategic tariff of 10% as a baseline. Trump trade policy is simply Ian Fletcher’s Free Trade Doesn’t Work combined with the Richmans’ Balanced Trade.

https://treeofwoe.substack.com/p/balanced-trade

Notice who wrote the forward?



https://treeofwoe.substack.com/p/against-free-trade

DeportLibtards says

Not necessarily a good thing if it means US jobs will go to Argentina instead of China.

Patrick says

Not necessarily a good thing if it means US jobs will go to Argentina instead of China.

No tariffs. Cost of shipping is probably half the cost and cuts out the Panama Canal. Not sure how it's not a win? Lowers prices. We need to focus on this hemisphere. Fuck Europe and China. If they want to sell here, remove your tariffs. That's the whole point.

Bring inflation on goods down or we just won't buy them. Hurts them more than us. I can go without half the shit I buy and already. Started before Trump got into office. Demographics are not good throughout the world. Need to be self sufficient. If Trump can get Canada and Mexico in line the rest of Central and South America will follow.

DeportLibtards says

https://x.com/589bull10000/status/1908530416778158421

I would like the focus to be on promoting US manufacturing and fair and balanced trade.

Why would we want to do any business with Communist countries, including China?

Patrick says

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.

He's undoing the purposeful damages caused since Reagan by every administration Globalista to unwind, undermine, corrupt, demoralize and destroy the Republic (or what's left of it), our Constitution and our economy. That means the doings of Bush's, Clintons, and Obama (and Rockefeller Club of Rome/CIA crowd).

Our institutions that were based on public trust that they worked for us rather than against us have been turned against us (FDA, NIH, CDC, Medical Schools, Universities, DHS, FEMA, FBI, DARPA etc. etc.) to kill us with vaccines, drugs, diseases, food poisons, imposed starvation and bioweapons and use our doctors as fifth column against us.

Our courts and bar attorneys are depraved institutions dealing for foreign corporate interests (aka Inns of Court), our 'tax' institution aka IRS is a foreign corporation operating to keep us in perpetual Babylonian debt. The FED has always been a foreign banking cartel. If they can't vampirize us, the RIIA, Chatham House, Tavistock, and the Vatican will instead pit themselves as Satanic mortal enemies.

The elections have been so seriously corrupted that entire states are now in the communist hamper.

It's a big job to reverse this stuff, and it won't happen overnight. Of course, we have the color revolution stuff coming to the fore with the cooperation of the treasonous bloated ticks and mosquitos installed by captured elections.

The hopium is they won't (even with the Soros printing press) money trick us into Civil War again, nor WWIII and another massive Satanic human sacrifice and account holder harvest according to the ancient customary cycles.

The enemies and demons are now known and well demarcated. However is our resolve? Fortunately, the speed of information has dulled their propaganda and exposed them as adamant and dedicated liars. They will still have subscribers amongst the useful idiots, mentally deranged, and perverts, whom they will continue to brainwash and finance.

Patrick says

Not necessarily a good thing if it means US jobs will go to Argentina instead of China.

I kind of think that's the point. If we are going to import everything anyway, import it from not China.
Free trade with everyone except China, and make sure everyone you have an agreement with trarrifs the crap out of China.

zzyzzx says

If we are going to import everything anyway, import it from not China.

That was the idea during his first term: force companies to move manufacturing out of China to reduce dependency on the main strategic adversary. But now it somehow morfed into "0 deficit with everybody everywhere", which is a completely different animal (and could be impossible).

And the fucking "formula" they used completely ignores the services which we sell a shitload.

https://open.substack.com/pub/public/p/batya-ungar-sargon-trump-is-waging

DeportLibtards says

Notice who wrote the forward?

Luttwak is great. Smart guy. Not only a Cold War Operative, but his "Grand Strategy of the Byzantine Empire" is great. He has one for the (Western) Roman Empire as well.

DeportLibtards says

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

Ah yes, the Smoot-Hawley lie. The Tariff that didn't even get voted on until after the stock market crash and didn't take effect until 1931, and was mostly promulgated in REACTION to Tariffs being considered by France and the UK.

BTW, the British had to dump free trade in the 1910s due to debt from 50 years of Free Trade, they couldn't finance both the war and finance trade deficits simultaneously with Fugitive Traitor policies.

OIL DROPS $10 to ~$60

We're back to Trump era Oil Prices.

How is the yuan falling?

I support President Trump for taking long overdue action to bring back the American industrial base.

In all the discussions, I have not seen one aspect addressed:

The US exports currency. As long as the USD is used as a reserve currency, there will still be a need for the US to supply US dollars. What other way to do this is there besides running a trade deficit?

yawaraf says

I support President Trump for taking long overdue action to bring back the American industrial base.

In all the discussions, I have not seen one aspect addressed:

The US exports currency. As long as the USD is used as a reserve currency, there will still be a need for the US to supply US dollars. What other way to do this is there besides running a trade deficit?

That is what is known as the Triffin Dilemma: How can the US run continuing deficits to fund the rest of the world dollar-based economy without ultimately destroying itself?

yawaraf says

The US exports currency. As long as the USD is used as a reserve currency, there will still be a need for the US to supply US dollars. What other way to do this is there besides running a trade deficit?

That's the rest of the world's problem.

MolotovCocktail says

I love this woman's framing: "I'm a MAGA leftist!" When you hear the logic, she is spot on. Dems have shitted on the middle and lower classes for decades. If they hadn't, how would large cities be doing so poorly?

"The American people support this agreement because they know it's good for jobs in America . And good for human rights. And the development of democracy in China."

Bill Clinton, 10 October 2000
https://www.c-span.org/program/white-house-event/trade-relations-with-china-bill-signing/105973

MolotovCocktail says

Hahahahahaha. I wonder when Tuqar will have a BRICS currency expert on.

MolotovCocktail says

You mean the great MBAs didn't read the Admin's own policy papers going into a new Admin?

When they get lucky: "I'm a genius with my brilliant calls"
When they get hosed: "Nobody could have seen this coming"

Either way, give them a big fat bonus and/or bail them out with taxpayer money.

If you really want to piss off a Free Trader, mention the anemic GDP growth rate of the US under Free Trade. They'll then confidently state that they saw the alternative future in their crystal ball without free trade and it was worse, or some ex rectum unverifiable proclaimation.

https://youtu.be/lSma9suyp24
Sounds like Trump has great plan. Fixing is not trivial for the given magnitude caused by all the previous clowns.

MolotovCocktail says

https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf

he exempt way too much, this will not bring manufacturing back. he exempt everything that’s sold at ~95% profit margins. and somehow thinks it coming from India and Vietnam is better than China. screw that. i voted for america first, not India first.

Fortwaye says

he exempt way too much, this will not bring manufacturing back. he exempt everything that’s sold at ~95% profit margins. and somehow thinks it coming from India and Vietnam is better than China. screw that. i voted for america first, not India first.

Yes, but let's take down the CCP that we offshored all our manufacturing to first, ok? Break their economy first.

Fortwaye says

he exempt way too much, this will not bring manufacturing back. he exempt everything that’s sold at ~95% profit margins. and somehow thinks it coming from India and Vietnam is better than China. screw that. i voted for america first, not India first.

Well Apple did say that it was gonna invest $500 billion in the US over the next 4 years. At that $17 million per employee figure you calculated, it comes up to about 29k jobs. Of course, that $500 billion figure is also over ten times the market cap of GM (GM employs about 92k people in the US), so the job growth could be quite a bit. Then you gotta factor in the multiplier effect as those newly hired people spend their paychecks into the US economy.

An unintended consequence or an intended consequence? Trump-o-nomics bringing down the fake premium label industry? Bimbo's are all gonna be pissed that their premium labels are all made in China.



https://t.me/drue86/65552


https://www.zerohedge.com/markets/wall-street-cries-out-after-manic-panican-week-stocks-not-drivers-seat-any-more

Misc says

Well Apple did say that it was gonna invest $500 billion in the US over the next 4 years.

And now NVIDIA.



So much for "White House Caves To AEA!"