Tag: Trump’s tariffs
Lo, TACO Mockery!
Donald Trump is nothing if not a predictable lout,
And investors are profiting on his tariff turnabouts.
On Wall Street they’ve already made
Something called the “TACO trade,”
‘Cause when it comes to tariffs, “Trump Always Chickens Out.”
Rand Paul’s Simple Tariff Explanation
“Well, tariffs are taxes, and when you put a tax on a business, it’s always passed through as a cost. So, there will be higher prices. The only trade that means anything is the individual who buys something. That’s the only real trade. And that by very definition, if it’s voluntary, is mutually beneficial, or the trade doesn’t occur.”
— Sen. Rand Paul (R-KY), quoted by Politico.
Trump Has ‘No Deal,’ Not ‘New Deal’
“Everyone says ‘When, when, when are you going to sign deals?’ We don’t have to sign deals. We could sign 25 deals right now if we wanted to. We don’t have to sign deals. They have to sign deals with us. They want our market. We don’t want a piece of their market. We don’t care about their market.”
— President Trump, quoted by the New York Times, on trade deals his administration is supposedly negotiating.
Have a Trumpy Christmas
Trump says it’s just the cost of doing business,
As if his tariff plan wasn’t stupid and witless.
From a thriving economy in a land of plenty,
We’ve gone to big-box stores with shelves all empty,
And it’s going to be a Trump-branded crappy Christmas.
Nobody Is Coming Here
$90 billion
Bloomberg: “Arrivals of non-citizens to the US by plane dropped almost 10% in March from a year earlier… Goldman Sachs Group Inc. estimates in a worst-case scenario, the hit this year from reduced travel and boycotts could total 0.3% of gross domestic product, which would amount to almost $90 billion.”
Trump’s Imperial Presidency
About Trump’s imperial presidency, here’s the thing —
He could wear a crown and ermine coat and fancy ring,
But he doesn’t know what he’s doing,
And with millions of lives he’s screwing,
And we’re finding that it really sucks to have an incompetent king.
