April 4, 2025

"This is a patient that was very sick.... It went through an operation on Liberation Day, and it's going to be... a very booming country."

"It's going to be amazing, actually.... The operation's over, and now we let it settle in. You see the plants are starting to construction, already. We have many plants — Indiana massive auto plant...."

Do you like the reasoning through analogy? The economy is a person, its supposed problem is a sickness, the tariffs are a surgical procedure, and the patient is in the post-op stage. That might be a difficult stage, with various pains and struggles. Even if this is a good analogy — economies are like human bodies, and tariffs are like an operation for an illness, and the immediate effect is a stage in the recovery from surgery — we still don't know if the right medical treatment was chosen and performed successfully.

For the annals of Things I Asked Grok: "Could you summarize the Susan Sontag book 'Illness as Metaphor' and say whether it has some use in critiquing the above-stated analogy about the economy?"

That book is less about using illness as a metaphor to explain something other than illness and more about using something other than illness to explain illness. From "Illness as Metaphor" (commission earned):
Like Freud’s scarcity-economics theory of “instincts,” the fantasies about TB which arose in the [19th] century... echo the attitudes of early capitalist accumulation. One has a limited amount of energy, which must be properly spent. (Having an orgasm, in nineteenth-century English slang, was not “coming” but “spending.”) Energy, like savings, can be depleted, can run out or be used up, through reckless expenditure. The body will start “consuming” itself, the patient will “waste away.”

The language used to describe cancer evokes a different economic catastrophe: that of unregulated, abnormal, incoherent growth. The tumor has energy, not the patient; “it” is out of control. Cancer cells, according to the textbook account, are cells that have shed the mechanism which “restrains” growth. (The growth of normal cells is “self-limiting,” due to a mechanism called “contact inhibition.”) Cells without inhibitions, cancer cells will continue to grow and extrude in a “chaotic” fashion, destroying the body’s normal cells, architecture, and functions. 
Early capitalism assumes the necessity of regulated spending, saving, accounting, discipline—an economy that depends on the rational limitation of desire. TB is described in images that sum up the negative behavior of nineteenth-century homo economicus: consumption; wasting; squandering of vitality. Advanced capitalism requires expansion, speculation, the creation of new needs (the problem of satisfaction and dissatisfaction); buying on credit; mobility—an economy that depends on the irrational indulgence of desire. Cancer is described in images that sum up the negative behavior of twentieth-century homo economicus: abnormal growth; repression of energy, that is, refusal to consume or spend....

Turn that in the other direction. What are the dangers of viewing the economy as a human body? Trump's idea of the economy as a human body that needed an operation and is now feeling post-op pain — that's unusual, but notice how thoroughly addicted we are to the metaphor of the economy as a human body. We endlessly speak of the "health" of the economy. We want it to "grow." 

161 comments:

Peachy said...

The left are cheering on the death Of Elon Musk, and the demise of the economy.
That's how they role.

Achilles said...

Trump is fighting against the corrupt globalist mob. There are a lot of people that have benefited from the de-industrialization of the US.

These people are a cancer. They are parasites.

He is using a good analogy.

Amexpat said...

Chauncey Gardner redux.

robother said...

Of course, another Presidential wise man analogized the economy to a garden. But Chauncey was better at keeping it gnomic.

God of the Sea People said...

I don't know if it is a perfect analogy, but it is how I have been thinking of this process as well. I've seen people freaking out about the markets or their 401Ks or any number of individual factors. And I was thinking that at any point during a cancer patient's chemotherapy, you could point to a symptom of the treatment, but that wouldn't tell the entire story. If you asserted that the chemo wasn't worth doing because their hair fell out, you would be patently wrong. What remains to be seen is whether the treatment actually works and the patient recovers. I'm not confident enough in economic forecasting to pretend to know, but I'm also not going to gnash my teeth and rend my garments because the markets were down for a couple of days.

Mary E. Glynn said...

I've never met anyone who, after someone has undergone a surgery -- elective or otherwise -- debates whether the person made a "wise" choice (as the voters overwhelmingly decided when we elected Trump to "operate" on our ailing economy). It's done with. You can wish the person well/hope they "make it" and get what they bargained for, or think rude thoughts in your head about their choices. But discuss it aloud with others?

Maybe in your world, ann. The person is living with the consequences of their choice. This is no time for "I told ya so!" or wishing ill upon them for making a decision different than you peronally might have like...

Trump won. He's doing what he said. Like it or not, he is president and we voted for this. People who love the person who underwent the surgery, like patriots who truly care about the future of our country, would wish him well and keep those nasty or negative thoughts to themselves, I would think... #Grace

RideSpaceMountain said...

"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." - Laurence Peter

Trump is an expert at knowing most experts are full of BS.

Achilles said...

Once written, twice... said...
Trump is the Manchurian candidate. It is the only explanation that makes sense. He was programmed (or more likely blackmailed) to crash this country’s unique standing in the world for the past century and its economy as well.

Almost every elected Republican will spend the rest of their career explaining their professed fealty to him wasn't real.


If that is the only explanation that makes sense you are a really stupid person.

Mary E. Glynn said...

I'm not impressed by people who travel abroad, and either pretend they are not Americans, or act as though we are a stupid country making bad choices. You don't have to support your native or adopted land, but if you're sucking up to foreigners who are serving you -- making your meals, making your beds, photographing them as they go about their daily business and making judgements that may, or may not be true, why come home to the hot mess that allegedly is America today? People want it both ways, and they want it on the cheap. Freedom costs, and you can't always shift your costs down to the working class, or the non-legacy non-wealthy whites, while bemoaning your own privilege. Don't put your guilt on others who are innocent of your own acts.

And don't infect us with foreign viruses, lab-grown or just something you picked up in your travels and decided to "share"...

john mosby said...

Reagan had a recession early in his first term - didn’t stop him from getting a second.

He had the crash of 87 - GHW Bush still got elected.

GHWB was not able to overcome the 1992 downturn.

GWB and McCain weren’t able to convince enough people to stay R after the 08 crash.

So these things can go either way, but it seems to help to be charismatic and at least act like you have a plan (Reagan, Obama, Bill Clinton).

JSM

mikee said...

The movie analogy Althouse should ask AI about is "Trump as Chauncey Gardiner" from the movie "Being There." The results might be interesting. The character describes the economy in terms of gardening. "In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again."

I note in passing that the movie ends with the idiotic but socially savant Chauncey walking on water and being proposed for the Presidency. Pity that the author, Jerzy Kosinki, did not write a sequel.

Limited blogger said...

I'm sitting outside the ICU in the waiting room.

Mary E. Glynn said...

Once written, twice... said...
Trump is the Manchurian candidate. It is the only explanation that makes sense. He was programmed (or more likely blackmailed) to crash this country’s unique standing in the world for the past century and its economy as well.
-----
I thought the measure of intelligence was understanding things from different perspectives.
Not everybody has stocks that are tanking; a shot at the American Dream of affording a home (house or affordable rental); or even having children or grandchildren.
Comments like this tells me you don't get out and about in our country much... That's why people don't much care for those who only live in urban areas, on the coasts, or reside on college campuses or in college towns. You have all the answers... from a limited perspective of people.

Achilles said...

If we have a recession because the government stopped spending 2 trillion dollars it didn't have then everyone not living in DC will actually feel their lives improve.

If the government did not massively increase spending and lie about the BLS statistics which they are always revising Biden had the private sector in recession for most of his presidency.

Chris said...

I found this to be instructive and enlightening. https://youtu.be/1ts5wJ6OfzA?si=a3g3CyB61kqeLxar

Mary E. Glynn said...

GHWB was not able to overcome the 1992 downturn.
----
That "downturn" started in 1989 into the early 1990s. I remember. I was there-- "hiring freezes" weren't just something for the government, but affected many industries. (Boomers don't remember, so it didn't happen? ha)

West TX Intermediate Crude said...

It's more like we've been on vacation for the past half century or so- living on our national VISA card, spending way more than we earn, and paying the minimum every month. We are fast approaching the point where the bank cuts us off- the "bank" being the bond market, and it will then be impossible for us to continue to raise our credit limits on whim, and the interest rate we have to pay will preclude us buying any more nice things.
The current attempt to right things may be too late, but it's our best shot at maintaining our nation as a place where our children will be able to continue our standards of living and traditions.
Think of Trump as Dave Ramsay and it all makes sense. Ramsay's rules are not for everyone; I have no need for them as I never have lived beyond my means, but for people who are in over their heads, he's a very good way of getting and staying out of trouble.
Time for USA to go on the rice and beans diet for a while.

Achilles said...

john mosby said...
Reagan had a recession early in his first term - didn’t stop him from getting a second.

He had the crash of 87 - GHW Bush still got elected.

GHWB was not able to overcome the 1992 downturn.

GWB and McCain weren’t able to convince enough people to stay R after the 08 crash.

So these things can go either way, but it seems to help to be charismatic and at least act like you have a plan (Reagan, Obama, Bill Clinton).

JSM


Reagan was the first deviation Republican voters took from the traitor globalist GOPe.

Your post pretends this has been republican vs. democrat. It hasn't. Even when the second Bush got elected he implemented globalist policies.

When Republicans nominate someone who puts America first they win. When they nominate a globalist they lose. It is that simple.

tommyesq said...

The analogy is an apt one, in my opinion. Human health is attacked by malignant forces that cause harm by attacking healthy tissue and/or by co-opting select parts of the body to the body's detriment. Our economy has been damaged by malignant forces who benefit directly from the harm they create, and who have co-opted select parts of the government (the bureaucracy) to achieve this personal benefit.

RideSpaceMountain said...

West TX Intermediate Crude said, "It's more like we've been on vacation for the past half century or so- living on our national VISA card, spending way more than we earn, and paying the minimum every month."

This is why GLD COMEX is currently @ $3100/oz.

mindnumbrobot said...

We chose our surgeon in November based on his record. When it's time to go under the knife, all you can do is pray and trust you made the right choice.

Aggie said...

It appears people are about evenly split between 'Things were going great, but now we're doomed' and 'We were doomed, but now, Thank God, things are going great.'

Mike (MJB Wolf) said...

Every candidate is a deficit hawk when running for president. Trump is the first to take a serious concrete step to address it. He has to. Biden refinanced our national debt and lit the fuse to a debt bomb that will go of during this term if not addressed. Few people talking about THIS even mention THAT.

Dr Weevil said...

Someone on Twitter alleged that the 500 richest people in the world collectively lost 200 billion dollars yesterday. Many of us aren't the least bit bothered by that, especially if the rest of us (all but the 500 richest) get even half that much more over the next few months or years than we would have otherwise.

Wince said...

The Deep State pays a hospital visit.

Mike (MJB Wolf) said...

If this is "fealty" to Trump I'd hate to see what Congressional indifference looks like.

Inga said...

Will this help Republican Congress find their balls again and take back the power they ceded to the Executive?

RideSpaceMountain said...

The American consumer market is the wealthiest, most powerful consumer market on planet earth. It would still be so even if Americans lost 50% of their income arbitrage. Nobody else comes close, not even China and they have 3x the population because Chinese families have a much higher savings rate. If Americans improved their savings rates instead of buying cheap stuff from the PRC it would be even more powerful.

70% of our economy is made up just in the things we buy and sell to each other, meaning America's consumer market is self-sustaining whereas other countries like Germany and China with almost 50% or more of their economic activity in exports literally grind to a halt.

The world's producers need our market way more than we need theirs, doubly so if we actually reshored even a fraction of our outsourced mfg. Don't let anyone tell you different.

Big Mike said...

One of the things I remember from Trump’s first term with great clarity was that he actually set out to impose tariffs and sanctions on China. I read numerous learned articles by highly credentialed economists to the effect that this was a huge mistake, “no one” wins a trade war, etc., etc., etc.

I read a particularly impassioned article along those lines in our local newspaper one morning, reprinted with permission from the Washington Post. Clearly the writer knew what he was writing about.

Except that China capitulated that very afternoon, and before Trump’s economic actions even took effect. Amazing. /sarc

So did the credentialed experts actually know better but write what they did out of TDS? Were they paid (by China itself?) ospreys their bilge? Or are the credentials of modern economists basically worthless when laid against real world economies? Then I remember that Trump’s degree is in economics and from Wharton, back when elite schools gave out real educations, so I know it’s mostly #3.

tcrosse said...

My holdings in the market have dropped in value, but I will only have lost money if I sell.

Kakistocracy said...
This comment has been removed by the author.
Peachy said...

After 4 years of
this shit show, Americans rejected the mob-puppet.

Kakistocracy said...

We’ve had Bessent saying that the tariffs are temporary measures designed to open up trade negotiations, and Navarro saying they’re permanent as tariff revenue will fund tax cuts.

Meanwhile Lutnick is just plain Lunkhead.

The implication of this is to stay out of equities as long as Trump is around and resort to cash and other safe havens. It is no longer just about uncertainty; now it is about the certainty of volatility and complete inability to strategize.

The question is where the pain point is at.

Peachy said...

Several nations have already agreed to zero-out the Tariffs.
India, Canada, a few others...
Oh no! not found in the legacy corrupt democratic press.

Eva Marie said...

Peachy said “That's how they role.”
Maybe you meant roll but “that’s how they role” is so appropriate. Nothing is real to them. Everything is an act.

Earnest Prole said...

The surgery analogy makes perfect sense once you realize there’s a horse loose in the hospital.

Peachy said...

haha "role" - yeah I meant to do that.
I seriously cannot spell anymore. I blame the covid shot.

Peachy said...

Perhaps this Nazi Image will work?

Dave Begley said...

I read that Sontag book in college and thought it was great. What I remember from it was how people oftentimes attribute illness (especially cancer) to some moral fault of the sick person. That remains true to this day, but probably less than in the past.

Mark said...

In a medical analogy, it is possible for the patient to end up dead.

Lazarus said...

I never actually read the book. My understanding was always that when she got cancer, Sontag began to object to people saying that things they didn't like or approve of were "cancers" on this or that, or "cancerous growths." Sontag had famously said that "the white race is the cancer of human history," so this was something of a recantation from her, like her calling Communism successful fascism and saying that one could learn more about Communism from "Reader's Digest" than from the "Nation" a few years later.

Grok's summary sounds more like the Weber-Tawney thesis with a Daniel Bell coda. I am a little confused since Grok's description makes what Sontag is doing sound like what I always assumed she was objecting to: describing something that isn't an illness as something very close to an illness.


Saying the country or the economy is sick isn't insulting to people who are sick if they know what their illness is. It's the name of the disease, not references to illness in general that would offend them.

Peachy said...

Again - the left do not cheer for Americans.
They cheer for corrupt democrats and their BS, illegal gangs, men beating women in women's sports, rage-filled pro-abortionists, punks harassing Tesla owners, the demise of Tesla (despite states heavy investment in Tesla stock.) etc.. list could go on for hours.

Peachy said...

Footage of pro-Tariff democrats.

AMDG said...

The problem is that the illness has been misdiagnosed and it is being treated with cures (think leeches and bleeding) that will make the patient worse.

Since Congress is too weak to end this absolute madness there is hope that the Courts will read apply the Constitution (you know, where it gives Congress the responsibility to set tax rates).

Achilles - you have a penchant for calling people who disagree with you “stupid” because you can’t come up with a cogent argument in support of your position. Here is some advice - a retard has no place calling other people stupid.

Peachy said...

1) 1996 Nancy Pelosi encourages all of Congress to back reciprocal tariffs

2) 2008 Bernie Sanders wants tariffs, says jobs are going overseas

3) 2018 Barack Obama calls for reciprocal tariffs

Peachy said...

Sad what has happened to Jonah Goldberg. he's a Kristol now.

Skeptical Voter said...

As the Coasters sang in "Poison Ivy" --"a comon cold can fool ya, and whooping cough can cool ya". The WSJ today points out that Trump inherited "a great economy". Their editorial position (expressed in a news story) was "if it ain't broke don't fix it." I'll ride along with Trump's analogy for a while. Meantime my investment portfolio is trying to dive for the bottom of the ocean.

Kevin said...

What are the dangers of viewing the economy as a human body?

It tells the American people the patient could die if not brought back to health. That is dangerous -- to the global elites.

Contrast that with Obama's economy as a car that has been driven off the road and into the ditch. It implies the economy was fine, is fine but is temporarily stalled, and can only continue to be fine once it is placed back on the road.

Trump sees globalization as a sickness. Obama sees it as the only road available.

Peachy said...

After 4 years of crook mob-puppet Soros-Joe - The patient IS VERY sick.
The left love being willing victims of the mass-disease.

Kakistocracy said...

The quote most applicable to this situation is by David Brooks of the NYT

"We've got this perverse situation in which the vast analytic powers of the entire world are being spent trying to understand a guy whose thoughts are often just six fireflies beeping randomly in a jar"

AMDG said...

Peachy said...
1) 1996 Nancy Pelosi encourages all of Congress to back reciprocal tariffs

2) 2008 Bernie Sanders wants tariffs, says jobs are going overseas

3) 2018 Barack Obama calls for reciprocal tariffs

4/4/25, 10:10 AM

———————————————-

What more proof do you need to understand that the tariffs are idiotic?

Peachy said...

AMDG - they are idiotic. That's why most full grown adults want tariffs removed. US pays most of them.
You must like that.

AMDG said...

Peachy said...
Sad what has happened to Jonah Goldberg. he's a Kristol now.

4/4/25, 10:12 

————————————-

Kristol has changed his entire political outlook because of Trump. He is in good company with all the tRump Swabs who what until their Lord & Savior speaks before they decide what to believe.

What positions has Goldberg changed? He has had a consistent view of Trump that goes back 30 years.

RideSpaceMountain said...

@AMDG, calling for something and actually friggin' doing it are two different things. DJT - 1, dimocrats - 0

Marcus Bressler said...

I would rather have DJT push his Gold Card than Obama push his Leftist/Communist/Racist Cards.
Inga, you haven't a clue: the Congress has NO executive authority under the Constitution which you have obviously not read.
And again, to the stupid guy: I voted for THIS. Reducing the deficit and returning manufacturing to the US seems like a decent idea. Your ideas: gender, inflation, judges that seek to rule the nation, racists are whites only -- not so decent. Pretty stupid and damaging, which is why people call you that. I will never proclaim that I did not like this winning.

Peachy said...

David Brooks is a Joke.

tommyesq said...

Someone on Twitter alleged that the 500 richest people in the world collectively lost 200 billion dollars yesterday.

Just think of this as that wonderful tax on the rich that the left has been so clamoring for.

Kakistocracy said...

Everything Rand Paul says here is correct. And this line is especially apt to what we saw yesterday: "Taxes should not enacted by one person."

Rand Paul on blocking Trump's tariffs on imports from Canada: "Despite arguments to the contrary, Americans know tariffs are a tax they are going to have to pay."

The Founding Fathers “so feared the power of taxation that they gave it only to Congress.”

"I stand to speak against the tariffs. I stand to speak against the idea of skipping democracy, of skipping the constitutional republic, of rejecting our founding principles."

"Not because I have any animus towards the president. I do this because I love my country..."

"We should vote. This is a tax, plain and simple."

"Taxes should not be enacted by one person."

tommyesq said...

It's more like we've been on vacation for the past half century or so- living on our national VISA card, spending way more than we earn, and paying the minimum every month.

It is even more like your boss has been on a lavish vacation for the past half-century, living on your VISA card, spending way more than you earn, and borrowing still more to make the minimum monthly payment, and is now handing you the bill.

Peachy said...

Marcus Bressler for the win.

Peachy said...

People who like David Brooks like Hillary Clinton. Yick.

AMDG said...

Peachy said...
AMDG - they are idiotic. That's why most full grown adults want tariffs removed. US pays most of them.
You must like that.

4/4/25, 10:33 AM

———————-

I think I ah e been pretty consistent in my views that Trump’s tariffs are the worst economic policy enacted in my lifetime.

Trump views the current economic situation as a sick man and his solution is to make everybody poorer.

Peachy said...

AMDG - Anti-Trump cultists are more cultish than the pro-Trump folks.
AMDG - Kristol's turn-about is abhorrent and worse than any principled democrat. Kristol has proven himself to be a total fraud.

Peachy said...

AMDG - we shall see. Keep your fingers crossed - with the Kristols.

Peachy said...

Jonah is only a partial fraud. Not that he's really in the zone. I hardly notice him. But when I do, the feeling I get is squish sell-out.

AMDG said...

One thing the tariff supporters fail to do is address the contradiction in Trump’s justification for his folly.

Trump has claimed his enacting of the largest tax increase in US history whose burden will fall heavily on his beloved working class because his action will result in reducing the deficits and the reindustrialization of of America.

The problem is, of course, that those goals are mutually exclusive.

How can one reconcile those two without concluding that the only reasonable explanation is that Trump has no idea what he is talking about?

Josephbleau said...

Well, what Obama and Beiden’s autopen did sure left us in great shape, let’s make sure we do exactly the same thing they did and not try anything different.

Josephbleau said...

“In a medical analogy, it is possible for the patient to end up dead.“

Yes, but only if you drive s Tesla.

AMDG said...

Peachy said...
AMDG - Anti-Trump cultists are more cultish than the pro-Trump folks.
AMDG - Kristol's turn-about is abhorrent and worse than any principled democrat. Kristol has proven himself to be a total fraud.

4/4/25, 10:42 AM

———— —- - ———

I would say that anyone who has changed long heard beliefs because of the rankings of a big buffoon, whether in support or in opposition to the big buffoon, are equally weakminded and untrustworthy.

There is no difference between a Bill Kristol and a Laura Ingraham or a Mike Lee and an Adam Kiinzinger. They are all equally bad.

Josephbleau said...

Regarding the metaphor controversy, all mathematicians work in analogy, great mathematicians work in analogies of analogies.

Space City Girl said...

Trump is wrong on this one. And yeah—I get it that I only “lose” money if I sell my stocks, but I am retired and am selling stocks every day—just like every other retiree with a 401(k).

Peachy said...

Again - the goal is to end entrenched out of balance Tariffs that WE pay. I have no idea if he will be successful. I support the working class America first forgotten, and efforts to clean up unfairness, waste, and financial corruption. The left and the sellout Kristol-Soros types demand and hope for failure so they can keep their tax payer funded USAID paychecks.
Leftists and Trump haters - hope for failure. Nothing new.

Josephbleau said...

I want to kill, I want to eat dead burned healthcare executives with veins hanging out of my teeth. I want to see the blood and gore of Tesla drivers. And Hakim Jeffries came over and said, you’re our boy.

Enigma said...

Laws and the world economic order are half socially derived. While rooted in natural principles and the fundamentals of supply and demand, humans go through periods of belief in stuff like...Christianity...communism...global warming...free trade...and tariffs.

If most of the world want's to play one game and a single country wants to play another game...we'll soon have an ideological disconnect and likely a corrupt black market economy...

jim5301 said...

Talk about playing games with other people's money. I guess he is now due for two Nobel prizes - peace for throwing Ukraine under the bus, and now economics for destroying the lives of millions of retired Americans.

AMDG said...

No, the goal is not to balance out tariffs. If this were the case than there would be no tariffs on Israel and Singapore, two countries that have no tariffs on the US.

The goal of the tariffs is to eliminate trade imbalances because the Big Buffoon has the absolutely retarded notion that a trade deficit constitutes a subsidy for the country of the trading partner.

Question - why isn’t Trump adjusting US tariffs that are unfair to trading partners?

Peachy said...

Stocks never rebound. It's over!

boatbuilder said...

Since Congress is too weak to end this absolute madness there is hope that the Courts will read apply the Constitution (you know, where it gives Congress the responsibility to set tax rates).
Read and learn, AMDG. The one branch that has absolutely no authority here is the Judiciary. If Congress wants to restrict Trump's authority (which it previously extended through multiple statutory enactments), it can. https://www.congress.gov/crs-product/R48435

Kakistocracy said...


Trump pleading for help from Jerome Powell. Trump’s having a lucid enough moment to realize he f*cked up big time.

“This would be a PERFECT time for Fed Chairman Jerome
Powell to cut Interest Rates. He is always “late,” but he could now change his image, and quickly. Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months - A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!” ~ Donald Trump @realDonaldTrump

Josephbleau said...

Listen everyone, I lost money in the stock market yesterday, that has never fing happened to me in weeks! Don’t tell me about saving poor people’s jobs, don’t tell me about the government going broke, don’t tell me about government institutionalized fraud. Did you hear me, I took some losses yesterday! And someone needs to go to jail for it godamit!

MadisonMan said...

I'm old enough to remember when Democrats liked governmental moves to protect USA workers. Alas, this is something Trump likes (similar to the great idea of not making pennies) and therefore Democrats say No Way. A good question for everyone to ask themselves is: If I am being affected directly by the Stock Market, am I a member of the group of people that the Democrats support, or the Republicans? It's not Democrats anymore, nor the anti-Trump Republicans.

Mark said...
This comment has been removed by the author.
Peachy said...

AMDG - how do you know Trump isn't adjusting US tariffs.

boatbuilder said...

Rand Paul is rather surprisingly dead wrong regarding whether the President has authority to impose tariffs, and whether tariffs are "taxes." Congress, the body to which Paul belongs, has repeatedly enacted statutes authorizing the Executive to impose tariffs, including the statutes specifically cited by Trump. Those statutes obviously distinguish between "tariffs" and "taxes" (although arguably tariffs could fall within the power to tax under the Constitution--which also grants Congress the power to levy "imposts" in the same provision-Article 1 Section 8).
I am surprised by this, because Paul generally knows what he is talking about. Is he arguing that Congress shouldn't have extended that authority in the first place, and should take it back?

NeggNogg said...

I believe Margaret Thatcher said something very similar about the British economy when she came to power and began her own economic program.

bagoh20 said...

The disease is every bit as tenacious and malignant as Melanoma. It's often been said that even if Trump cured cancer he'd get no credit, and likely be criticized for doing it wrong. Let's see how the patient responds before calling the coroner.

Earnest Prole said...

I say we give the Great Depression tariff experiments a second chance, and if it ends up destroying our retirement, at least we can console ourselves that someone richer than us is suffering.

tcrosse said...

Back in 2008 IIRC we were not required to take RMDs from our 401k and IRAs because the market was in the shitter. Maybe Trump could do the same this year. It's the very least he could do.

DINKY DAU 45 said...

BINGO!! That's some funny shit " "We've got this perverse situation in which the vast analytic powers of the entire world are being spent trying to understand a guy whose thoughts are often just six fireflies beeping randomly in a jar" :)

Lazarus said...

I'd go easy on the idea of Reagan fighting a "traitor globalist GOPe." Reagan and his opponents in the party were both committed to the Cold War alliances and didn't rock the boat like Trump has. Reagan did try to restrict Japanese imports -- he had to, given public sentiment -- but he was very much in favor of free trade in general. The US had been the world's great industrial power for a long time and despite the fears about Japan, Americans didn't see that drastically changing. We still thought in terms of the national economy and believed that tax cuts would encourage American industry, not the financial sector and imports. As the Eighties went on, it was the Democrats who worried about de-industrialization if anyone in government did. I wouldn't blame Reagan for globalization, but it wasn't something he was fighting against, and it made use of his free market rhetoric.

RCOCEAN II said...

I doubt Trump actually views the economy as a "Body". He's explaining things the MSM media, who are notorious for their dumbness and inability to understand anything complex.

The MSM yesterday was full of X-burts all telling us that Trump was crazy and the sky would fall. They were touted as "Economists" and steely eyed "Mr. Spocks" giving us the scientificy "Truth". Of course, if you look into the background of these X-burts you find they're almost all liberal Democrats. Or people who have a financial stake in "Globalism" and "Free Trade".

Thomas Sowell, for example, was babbling about how this would take us back to protectionism and the 1920s. As if that was a bad thing for the USA!

To be an economist, you only need a BA degree in Economics. That's it. You can tbe a leftwing economist, a Neo-liberal economist, a Nazi economist, a Commie Economist, etc. Its not really a science. But some people don't understand that. Nor do they understand that "Economists" have all agreed on policies that turned out to be bad.

One reason the Fed pursued the wrong policies in the 30s and made the Depression worse, is they were doing what all the X-burts said was the right thing to do, aka tighten the money supply and get rid of all the "weak" banks.

Kakistocracy said...

Not surprised to see folks who self-describe as MAGA still massively supporting Trump. Would be more interesting to see whether the share of the population identifying as MAGA is going up or down…

Denial is significantly easier to manage than cognitive dissonance.

Hassayamper said...

Will this help Republican Congress find their balls again and take back the power they ceded to the Executive?

The dotard doesn't realize the President was ceded the power to set tariffs decades ago by a Democrat-controlled Congress in 1934, to the wild applause of the Roosevelt wing of the party, with further expansions of this delegated power in 1962 and 1974, also under Democrat control of Congress.

RCOCEAN II said...

Reagan wasn't a protectionist. But his main focus was winning the cold war, and giving other countries one-sided trade deals was seen as a way to get allies on our side to fight the USSR.

Who knows how Reagan would act today? It could be he'd be another Mitt Romney. People forget that Reagan was a liberal Democrat in the 1940s. He was a Wilsonian. And he believed in the "free market". And certainly had no problem with immigration.

He often touted social conservatism. But as shown by his choosing Grandma O'Connor over Bork in 1981, that was a bit of a fake.

John Althouse Cohen said...

Asking if his analogy is well-chosen is asking the wrong question. What matters is that this whole policy is based on huge lies. The numbers in the chart he displayed to make his argument that these tariffs are “reciprocal” are made-up numbers that aren’t even close to the truth.

This isn’t misspeaking. It isn’t something that could possibly be defended by saying maybe he just didn’t know. Someone had to spend time making that chart, and Trump had to decide it was accurate and fit to be held up to the public (literally).

The numbers don’t show other countries’ tariffs. That’s a lie. The numbers are apparently based on trade deficits for goods only (not services), and anything below 10% was increased to 10%.

If you were writing a political parody, you would never write anything this absurd. This kind of thing is too ridiculous even to be in a comedy.

If Trump had never been president, and instead the same policy were being done by a Democratic president, would any of the commenters here be saying anything to defend it?

Hassayamper said...

"We've got this perverse situation in which the vast analytic powers of the entire world are being spent trying to understand a guy whose thoughts are often just six fireflies beeping randomly in a jar"

A better metaphor would be a skulk of foxes trying to understand a hedgehog.

Wait, it's already been done...

Hassayamper said...

even if Trump cured cancer he'd get no credit, and likely be criticized for doing it wrong.

AOC would show up on the steps of the Capitol with a string of "doctors" with white coats and purple hair, and bitch about how the dastardly Trump had put them out of work, and demand a big new government spending plan to take care of them. The "doctors" would actually be Congressional staffers and administrative assistants from friendly left-wing NGOs.

Tina Trent said...

Sontag praised communist fascism killing millions and denigrated all white Americans for merely existing (she didn't consider herself white or American) while living in America in very extreme wealth left to her by her colonialist mercantile father. If she believed a teaspoon of the ironic, fascile crap she largely poached from other "Marxist intellectuals," she would have given those many millions to the poor and expatriated her bony Nieman Marcus ass to some country more to her liking, such as Iran or China, which had their own cures for her illness, psychopathic narcissism.

There was a very short taxi ride between Marcuse and Nieman Marcus in Manhattan in those days. Still is.

Lem Vibe Bandit said...

In the macroeconomic context, what happen almost 100 years ago holds the imagination captive. But if you compare it to having a business with a special #1 costumer, and you overcharge that costumer, and that special costumer is in dire straight, in debt up to his eyeballs, and the special costumer comes to you to persuade you that charging him more than everybody else is not fair. Are you supposed to tell that faithful costumer - tough luck, you have to continue to pay more than everybody else?

Keep asking questions.

Lem Vibe Bandit said...

Maybe fairness has little to no currency anymore. If true, things are worse than we believe.

Inga said...

“Inga, you haven't a clue: the Congress has NO executive authority under the Constitution which you have obviously not read.”

Hey dummy, did I specify that I was wondering about the Congress (which is under the Legislative branch) assuming Executive power? No. The government consists of THREE BRANCHES. THE Executive, the Legislative and the Judiciary, maybe you didn’t listen in civics class in grade school.

Kakistocracy said...

As John Althouse Cohen stated —It's important to understand that the tariff rates that foreign countries are supposedly charging us are just made-up numbers.

It's actually worse than that: in calculating the tariff rate, Trump's people only used the trade deficit in goods. So even though we run a trade surplus in services with the world, those exports don't count as far as Trump is concerned.

Trump voters, by the way, have no excuse -- he campaigned on this nonsense. They own this one completely.

AMDG said...

boatbuilder said...
Since Congress is too weak to end this absolute madness there is hope that the Courts will read apply the Constitution (you know, where it gives Congress the responsibility to set tax rates).
Read and learn, AMDG. The one branch that has absolutely no authority here is the Judiciary. If Congress wants to restrict Trump's authority (which it previously extended through multiple statutory enactments), it can. https://www.congress.gov/crs-product/R48435

4/4/25, 11:16 

———————

Setting tax rates is reserved for Congress. It is a legitimate question as to whether Congress can delegate its powers.

https://www.foxbusiness.com/politics/conservative-legal-group-sues-trump-admin-over-chinese-import-tariffs-congress-never-authorized

Excerpt;

New Civil Liberties Alliance, a conservative legal group, filed a lawsuit against the Trump administration on Thursday for imposing tariffs on Chinese imports

iled in federal court in Florida, the lawsuit alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on Feb. 1 under the International Emergency Economic Powers Act (IEEPA).

In a news release, the group described the tariffs as "unlawful" and argued that imposing tariffs on Chinese imports placed a heavy burden on American taxpayers.

"In its nearly 50-year history, no other president—including President Trump in his first term—has ever tried to use the IEEPA to impose tariffs," NCLA said.

A White House spokesperson told FOX Business on Friday that "President Trump has broad authority to impose tariffs to address issues of national emergency, such as the opioid pandemic" and "The Trump Administration looks forward to victory in court."

NCLA senior litigation counsel Andrew Morris argued that Trump, by imposing heavy tariffs on Chinese imports, had "misused" emergency powers, "usurped Congress’s right to control tariffs, and upset the Constitution’s separation of powers."

NCLA filed the lawsuit on behalf of Simplified, a Florida-based retailer of home management products.

Trump on Wednesday announced that China would be hit with a 34% tariff, on top of the 20% he imposed earlier this year, bringing the total new levies to 54%.

The lawsuit asks a judge to block implementation and enforcement of the tariffs and undo Trump's changes to the U.S. tariff schedule.

VICE PRESIDENT JD VANCE SAYS TRUMP IS ‘TAKING THIS ECONOMY IN A DIFFERENT DIRECTION’

The lawsuit says presidents can only impose tariffs with Congress' permission and under complex trade statutes spelling out how and when they can be authorized.

"Such statutes require advance investigations, detailed factual findings, and a close fit between the statutory authority and a tariff’s scope," the lawsuit says.

Trump has declared an emergency over China's alleged complicity in the U.S. opioid epidemic, framing tariffs as a negotiating tool for ending the influx of the deadly drugs.


Mickey said...

Thank you for your Susan Sontag tag, although it would be easier for me to say I liked your Susan Son tag, but you don’t have one of those.

Inga said...

https://www.politico.com/live-updates/2025/04/03/congress/top-republican-leads-bill-to-reassert-congress-tariff-power-amid-trump-trade-war-00268710

“Sen. Chuck Grassley, a senior Republican lawmaker from the farm-heavy state of Iowa, is spearheading new legislation that would reassert Congress’ authority over tariffs amid President Donald Trump’s trade war escalation.

The measure, jointly introduced Thursday with Sen. Maria Cantwell (D-Wash.), would limit the president’s power to impose tariffs. It would require the president to notify Congress within 48 hours of such an imposition and for Congress to explicitly approve any new tariffs within 60 days. The bill also would allow Congress to end any tariff at any time.“

Tina Trent said...

Rand Paul is a leftitarian, bought and paid for by the Koch Foundations, who have the same agenda as the Soros foundations, boatbuilder: legalize all drugs, eliminate prisons, and throw open the borders. He's just another bought-off political pawn looking to serve his masters even if it destroys the American worker and families and brings anarchy to our streets.

Inga said...

“Trump voters, by the way, have no excuse -- he campaigned on this nonsense. They own this one completely.”

I hope they got what they wanted, good and hard, unfortunately the rest of us who were not in the Trump cult will have to suffer too. For what? Trump’s glory?

Hassayamper said...

it would be easier for me to say I liked your Susan Son tag, but you don’t have one of those

If our hostess ever gets into English Premier League soccer and the South Korean national team, she could do a Heung Min Son tag.

jim said...

Grassley finally tries to do something that makes sense.

It is ridiculous that trump, as usual under the cloak of emergency, is imposing random tariffs with no consultation or input from congress.

Sure, screw China, but why attack our allies. Oh yeah, I forgot, their ALL out to get us (and if this keeps up it might even be true.)

bagoh20 said...

Although everyone is an expert now on global trade and economics, I'll take the odds that Trump critics are wrong about Trump again over the odds that they might get something right this time.

Kakistocracy said...

Best-case scenario: We see companies take a hit in terms of their margins. Chinese and Mexican suppliers say, "Well, we want to maintain our market share in the U.S., so we will drop our prices to the brands that are buying our stuff." As a result, prices go up a little bit, but not as much as the tariff. In the meantime, the overall thrust of the policy works, and more investment comes into the U.S., building more factories and enabling us to make more stuff domestically. Eventually, the suppliers follow their customers, and we're manufacturing the components of industry in the U.S., leading to more jobs in four years. That is the rosiest possible picture you can imagine.

Worst-case scenario: Prices go up quite dramatically, resulting in a so-called destruction of demand. For example, you need a car because your old one is getting old. However, when you go to buy one, you see that prices have risen significantly. The domestic cars on offer are hard to get because there's more demand for them, driving their prices up. You hear horror stories about how difficult it is to fix a car, so you defer your purchase and kind of muddle through. Meanwhile, the cost of everything from exercise equipment and clothing to groceries is increasing, causing you to buy less. This leads to a good old-fashioned recession, where people lose jobs, the economy slows down, and living standards decline. By the way, the political implications of this scenario are likely to be quite unpleasant.

john mosby said...

Bressler: "I would rather have DJT push his Gold Card than Obama push his Leftist/Communist/Racist Cards."

You may have hit on another idea to balance the budget! Fedgov could sell Race Cards, to people of any and all races. If you get in trouble, you can play your Race Card even if your cracka ass outshines the sun. The catches are: just like insurance, you have to buy it before you get in trouble; and only one use per card.

JSM

RCOCEAN II said...

" The numbers in the chart he displayed to make his argument that these tariffs are “reciprocal” are made-up numbers that aren’t even close to the truth."

So where are the "Real Numbers"? Labeling them "Made up numbers" is ridiculous. Using a chart with summary numbers is a way to communicate the problem. Trump can't provide everyone with 1000 page printouts showing the tarriffs on every item.

Josephbleau said...

“If Trump had never been president, and instead the same policy were being done by a Democratic president, would any of the commenters here be saying anything to defend it?“

And the opposite applies as well.

Lewis said...

So The Dow is back to the same level as spring 2024. Yawn.

Kakistocracy said...

“So The Dow is back to the same level as spring 2024. Yawn.“

Yes — why should people care that 10% of their portfolios have been vaporized in a matter of months because of the whims of a mad king?

Coming to realize that this a feature not a bug for a lot of his base. It seems to validate a grievance bias. Pretty sobering really. Nihilism on display.

Mike (MJB Wolf) said...

Not one lefty or anti-Trumper on here has addressed the Debt Bomb that Biden lit the fuse to last year. Trump has to take drastic action. And two truths:

Walmart is doing what every importer from China is doing right now: demand China eat the cost of tariffs and keep Walmart's cost the same. There's plenty of room now that the worldwide oil market has cut a barrel's price in half what it peaked at 3 years ago.

Last item. We've seen this move before. All the doomsayers that said Trump's tariff's would cause a depression in 2017 were wrong. They worked as advertised because like now they were a bargaining chip. Yes Trump may be mixing antipathy at trade deficits with his tariff targets, but it will sort out. Most have not even taken effect yet! Use this drop in the Dow to invest. We all know it will come back, on the way to setting new highs.

Mike (MJB Wolf) said...

I'm alluding to reduced transportation costs (oil) above, in case that isn't clear.

Harun said...

"Reagan wasn't a protectionist."

He set a quota on Japanese cars. That sounds vaguely protectionist.

AMDG said...

Mike (MJB Wolf) said...
Not one lefty or anti-Trumper on here has addressed the Debt Bomb that Biden lit the fuse to last year. Trump has to take drastic action. And two truths:

Walmart is doing what every importer from China is doing right now: demand China eat the cost of tariffs and keep Walmart's cost the same. There's plenty of room now that the worldwide oil market has cut a barrel's price in half what it peaked at 3 years ago.

Last item. We've seen this move before. All the doomsayers that said Trump's tariff's would cause a depression in 2017 were wrong. They worked as advertised because like now they were a bargaining chip. Yes Trump may be mixing antipathy at trade deficits with his tariff targets, but it will sort out. Most have not even taken effect yet! Use this drop in the Dow to invest. We all know it will come back, on the way to setting new highs.

4/4/25, 1:30 PM

———————————

WHAT IN GOD’S NAME DO THE IDIOTIC TARIFFS HAVE TO DO WITH THE DEBT BOMB?

TRADE IMBALANCES AND BUDGET DEFICITS ARE NOT RELATED IN ANY WAY!

THE KEY DRIVER OF THE DEBT BOMB ARE ENTITLEMENTS (PRIMARILY SOCIAL SECURITY AND MEDICARE) DUE PRIMARILY TO AN AGING POPULATION.

TRUMP HAS VOWED TO NOTHING ABOUT ENTITLEMENTS.

THE LAST POLITICIAN TO TAKE THIS CRISIS SERIOUSLY WAS PAUL RYAN BUT TRUMP CULTISTS THINK HE IS SATAN FOR SOME UNFATHOMABLE REASONS.

IF YOU CAN’T DIFFERENTIATE TRADE IMBALANCES AND BUDGET DEFICITS YOU ARE AN IGNORANT FOOL.

OH, IT TOOK STOCKS OVER 40 YEARS TO TRULY RECOVER FROM THE LAST DEPRESSION.

narciso said...

as Elon has pointed out, there are some dubious payouts in entitlements, because they haven't been properly audited,

Kakistocracy said...

President Trump will remain in Florida and will not travel to Dover AFB for the dignified transfer of 4 American soldiers who died during a training exercise in Lithuania. The LIV Golf tournament begins today. Trump just arrived at his golf club. ~ Fox News

Rusty said...

AMG You're yelling. Quit Yelling. If it's important we'll read it.
State funded NGOs eat up more money than entitlements.

AMDG said...

Rusty said...
AMG You're yelling. Quit Yelling. If it's important we'll read it.
State funded NGOs eat up more money than entitlements.

4/4/25, 2:00 PM

——————————
Excuse me? I will just assume that your assertion that NGO Funding exceeds the amount we spend on entitlements is a typo.

In case I am mistaken answer the following questions:

In the last fiscal year:

What were the total expenditures of the federal government?

How much was spent on entitlements?

How much was used to fund NGOs (as a proxie you could take the USAID expenditures and multiply by 3.

AMDG said...

Good news - the Dow’s reaction to Herbert Trump’s, I mean Donald Hoover’s regarded tariffs has abated. Today’s DOW decline has crept under -2000 points.

TeaBagHag said...

Honest question, if any person other than Trump had shit the bed this badly in terms of crashing our economy, how loud would the howls be from the MAGAt cultists? Can you even imagine if Obama fucked up people’s retirement accounts this badly?

Hassayamper said...

Although everyone is an expert now on global trade and economics, I'll take the odds that Trump critics are wrong about Trump again over the odds that they might get something right this time.

Funny how all the experts on international trade policy were also experts on Russian disinformation and viral epidemiology.

Candide said...

“… we still don't know if the right medical treatment was chosen and performed successfully.”

Same with any medical procedure. There is no 100% safe procedure. If serious medical intervention becomes advisable, the best a patient can do is obtain some additional opinions, educate oneself about benefits and dangers and then make a decision. If you decide to go ahead with the operation you have to sign a Consent form that outlines possible negative effects and protects the doctor from frivolous lawsuits.

Consent was clearly given in 2024 election.

Kakistocracy said...

Any of you enjoying the “golden age” yet?

TeaBagHag said...

The fact is that Trump colluded with Russia in 2016 but somehow the proudly ignorant, Faux News crowd refer to “Russian disinformation.” As if that erases the treason that took place.

Jim at said...

We are approaching $37 trillion dollars in debt. The status quo cannot continue. I'm willing to try something else.

Jim at said...

The fact is that Trump colluded with Russia in 2016

This is why nobody should ever pay you any attention again, myself included.

It. Never. Happened.

Click.

Harun said...

"“If Trump had never been president, and instead the same policy were being done by a Democratic president, would any of the commenters here be saying anything to defend it?“

This is a great question.

The border - yes
DOGE? - yes

tariffs - mixed for sure, probably a lot of flip flopping

AMDG said...

Jim at said...
We are approaching $37 trillion dollars in debt. The status quo cannot continue. I'm willing to try something else.

4/4/25, 3:07 PM
——————————————

How do recession inducing tariffs do anything but make the debt crisis worse?

Complete this:

Tariffs ———-> _________________ - —-> elimination of the fiscal deficit

Readering said...

Being reported that US Treasury Secretary looking to exit his job over Tariffs. He must not have taken the campaign rhetoric seriously.

Kakistocracy said...

Trump injects bleach into the economy.

When is everyone going to admit Trump’s not too bright and doesn’t know what he’s doing? He does not understand economics, he does not understand trade agreements - someone, like congress, needs to intervene

Inga said...

“Being reported that US Treasury Secretary looking to exit his job over Tariffs. He must not have taken the campaign rhetoric seriously.”

Is that the guy who kept repeating “ I don’t know.”

TeaBagHag said...

I’ll admit it; Trump is not very bright and doesn’t know what he’s doing.
That was so liberating!

tcrosse said...

Gloatfest.

Josephbleau said...

An easy day in the Soros comment mines.

Kakistocracy said...

Trumps gambling that generations of politicians, economists, CEOs, small-business owners, academics and even some of his own staffers are wrong — and that he's right.

But we’re gloating ….

Inga said...

Serves Trump voters right. We told them so. FAFO.

Inga said...

Unfortunately the rest of us have to suffer too.

Earnest Prole said...

We are currently in Phase 2 of the Underpants Gnome Profit Plan.

Meade said...

“If Trump had never been president, and instead the same policy were being done by a Democratic president, would any of the commenters here be saying anything to defend it?”

You mean a Democratic president like George Bush, Barack Obama, Hillary Clinton, Pete Buttigieg, Bernie Sanders, Joe Biden or Kamala Harris? The exact same policy? 80 days after securing the border and implementing the Department Of Government Efficiency? I guarantee you I would be saying something here to defend it. 100%.
The right hypothetical question is: Why wouldn’t you?

And by the way, hypothetically, if my mother were still alive aNd writing what is inarguably the greatest blog anyone anywhere has ever produced, I sure as hell wouldn’t be dipping into her comment section to insinuate she isn’t doing it right. On the contrary.

Inga said...

“And by the way, hypothetically, if my mother were still alive aNd writing what is inarguably the greatest blog anyone anywhere has ever produced, I sure as hell wouldn’t be dipping into her comment section to insinuate she isn’t doing it right. On the contrary.”

Ohhhhh boy, now Meade chastises Althouse’s son in defense of Trump. Trump coming between families, it not a unique problem.

Original Mike said...

Apparently $400B of Chinese production will now be "dumped" (that's the word articles are using) on world economies now that they can't dump it here.

Jim at said...

Smart people would let this play out for more than two days before announcing how correct there are and how everybody else is wrong.

But, alas ....

Sweetie said...

Usually not as much joy in a stock market sell off. If you watch the news note that they hide their joy behind a long, blank face.

Original Mike said...

This doesn't sound so bad.

Gospace said...

Related questions:
1. Are tariffs good or bad? And does that relate to both import and export tariffs- is one good and the other bad? Export tariffs? Why do I ask about that? Well, seems one Canadian provincial PM was going to charge a 50% energy tariff on electricity exports from Canada to the USA.
2. Are tariffs just bad if the US uses them but good for everyone else?
3. If tariffs are both good and bad- who gets to sit in judgement on which ones are good and which ones are bad? And does that depend on the country that has them?
4. Are import limits preferable to tariffs to increase or protect domestic production?
5. Are production limits to prop up prices overall good or bad? AFAIK- this primarily applies to agricultural products, but could just as easily apply to mass produced products.
6. For defense essential industries, such as steelmaking or shipbuilding- are direct subsidies for domestic production acceptable if foreign competition and free trade threaten their domestic survival?
6a. Who determines what is a defense essential industry?

And there are a whole bunch of related questions that could be asked. As the biggest consumer nation- by volume, not people, anything we do affects the world economy. Anything Burundi does- doesn't. The AI overview on US- Burundi trade: In 2024, total goods trade between the US and Burundi was $10.4 million.
U.S. goods exports to Burundi in 2024 were $6.6 million, up 63.3% from 2023.
U.S. goods imports from Burundi in 2024 were $3.7 million, down 41.3% from 2023.
Rounding errors in the US economy. But these imports from Burundi are likely essential: Niobium, Tantalum, Vanadium, and Zirconium Ore. We import them from other countries also. But we are currently 100% reliant on imports for our niobium needs.

bagoh20 said...

We have all the leading Democrats on tape calling for the same thing. They just never did what they said they wanted, because they lie for votes. Finally after decades of lies someone keeps their word and the same policy is now unacceptable for some reason.

HT said...

I wonder what trump really wants. The economy IS (or was) booming. Does he want to curb consumption? Is that why he's doing this? Does he think we are too consumerist? Is there anything like a plan?

MadisonMan said...

I look at that picture, then I recall how much Biden absolutely hid from the Press. What a refreshing change to have a President interact with the Press, even knowing the Press is very hostile to his views.

Dr Weevil said...

Here's an interesting explanation of how the Trump tariff rates were calculated: link. If you didn't already know this, and aren't willing to digest the argument before judging it, you should probably avoid saying anything at all about the tariffs except "I hope it works".

Kirk Parker said...

> Do you like the reasoning through analogy?

There is no such thing. But that's not what Trump's is doing here.

Ann Althouse said...

"Do you like the reasoning through analogy?"/"There is no such thing."

It's in there. It's not showily stepping things out and it's not horribly rational though, if that's your point. He's selling what he did to the audience. The reasoning is an argument to invite agreement. It's not a revelation of how he arrived at his policy, though it could be. There's the idea: this transition is going to involve a lot of pain. And there's the choice to go through pain because that's how you cure. And if the treatment causes an increase in pain, we should endure it and feel resolute, because it's post-op pain.

Rusty said...

AMG
Now lets deduct 2.1 million people at max benefits from that total.

Rusty said...

All the dim bulbs are out in force today.

Kirk Parker said...

It is absolutely not in there. I just listened to the whole thing carefully this time focusing just on the cancer patient analogy.

It only got a brief mention a couple of times, almost in passing, and nothing remotely like reasoning in it. It was just illustrative, that's all.

Perhaps you and I have very different concepts of what the word "reasoning" means?

Tina Trent said...

It's a first foray. He's shaking it up. I claim only political expertise, not financial. My instincts say this blows the beaver dam to pieces, then we retool the flow. Maybe I'm wrong; maybe I'm right.

Ask a beaver, not a talking head.

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