Donald Trump threatens 100% tariff on countries that turn away from the dollar

[TheCount]

Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.

“You leave the dollar and you’re not doing business with the United States because we are going to put a 100% tariff on your goods,” the Republican presidential nominee said at a rally in the battleground state of Wisconsin.

...

Trump, who has long embraced protectionist trade policies, said the dollar has been “under major siege” for eight years. China, India, Brazil, Russia and South Africa discussed de-dollarization at a summit last year. By contrast, Trump wants the dollar to remain the world’s reserve currency, a pledge he renewed at Saturday’s rally.

https://fortune.com/2024/09/07/donal...om-the-dollar/

No details yet on the punishment for Americans who use alternative currencies.

[WarriorLiberty]

the United States because we are going to put a 100% tariff on your goods

These tariffs would only hurt the US public Products not China or those countries in general.



PC gamers face higher hardware costs as tariffs on Chinese goods set to return

PC parts, including graphics cards, motherboards, and even PC cases, look set to increase in price by as much as 25% as the Biden administration prepares to resume all the Trump-era tariffs placed on Chinese goods following a five-month delay.

[Swordsmyth]

These tariffs would only hurt the US public Products not China or those countries in general.



PC gamers face higher hardware costs as tariffs on Chinese goods set to return

Only in the short term, if then.

Slave labor goods and other foreign cheap goods are like drugs for the economy, they provide a short high and destroy the system.

[TheCount]

Only in the short term, if then.

Slave labor goods and other foreign cheap goods are like drugs for the economy, they provide a short high and destroy the system.

What does that have to do with the dollar?

[acptulsa]

Only in the short term, if then.

Slave labor goods and other foreign cheap goods are like drugs for the economy, they provide a short high and destroy the system.

And if U.S. companies can't sell to other countries because Trump won't let them take anything but Federal Reserve Toilet Paper in exchange...?

What does that have to do with the dollar?

Little if anything. Probably nothing. Petroleum wars, on the other hand, have a great deal to do with the petrodollar. And while some people don't like petrodollar wars when Democrats start them, death and destruction is their cat's pajamas when Trump does it.

[acptulsa]

I certainly hope this scuttles any silly talk about Trump relaxing the Fed's legal tender laws...

[vita3]

With all the Kamala hate almost forgot about how much Trump overreached with Presidential Economic Power

[acptulsa]

With all the Kamala hate almost forgot about how much Trump overreached with Presidential Economic Power

The Lesser Evil Gambit works very well.

[Matt Collins]

https://youtu.be/ZfN0Hmed8RM

[unknown]

How about ending the Fed, slashing spending and going on the gold standard.

[Swordsmyth]

How about ending the Fed, slashing spending and going on the gold standard.

And shifting all taxation to tariffs.

[Swordsmyth]

https://youtu.be/ZfN0Hmed8RM

Because they are the best form of taxation and promote wealth and improved standards of living along with a balance of power between the rich, the middle class, and the poor.

[TheCount]

And shifting all taxation to tariffs.

The revenues from tariffs could never pay for the size of your police state.

[Swordsmyth]

The revenues from tariffs could never pay for the size of your police state.

Considering that they paid nicely for it back when they were the only kind of taxes I think they'll be sufficient for what government we need.

[CCTelander]

Considering that they paid nicely for it back when they were the only kind of taxes I think they'll be sufficient for what government we need.

Let me know when you’ve shrunk government back down to that size. Then, maybe, we can talk.

[acptulsa]

And shifting all taxation to tariffs.

According to Trump, the very purpose of his tariffs is to prop up the petrodollar. Doesn't sound like he has the slightest intention of ending the Fed, does it?

[acptulsa]

Let me know when you’ve shrunk government back down to that size. Then, maybe, we can talk.

Forever is a long time to expect the guy to refrain from running his mouth.

After all...

The revenues from tariffs could never pay for the size of your police state.

[CCTelander]

According to Trump, the very purpose of his tariffs is to prop up the petrodollar. Doesn't sound like he has the slightest intention of ending the Fed, does it?

As I understand it ending the fed is on his agenda, immediately following eliminating world hunger, ending poverty and curing cancer. Give the guy a break! He can’t do EVERYTHING all at once you know.

[acptulsa]

As I understand it ending the fed is on his agenda, immediately following eliminating world hunger, ending poverty and curing cancer. Give the guy a break! He can’t do EVERYTHING all at once you know.

Oh, on his "...if you suspend the Constitution and appoint Me Dictator For Life" agenda. Forty More Years!

Remember, before he does anything else he's got to build the FBI a yuge, beeautyful new palace before they try to shoot him again! That'll probably eat up the entirety of his first Next Four Years all by itself.

I mean, we already know he will screw us all to save his own hide. SS already told us about several instances where he already did. We're going to be hearing a lot more, "The Prime Alpha Male had to do that because he was afeared of Hitlery's Suicide Squad!!" out of the Trumpscuse Brigade before we're through.

[Matt Collins]

Let me know when you’ve shrunk government back down to that size. Then, maybe, we can talk.

Exactly this. If the only tax was tariffs because the government was small enough that's all it needed, life would be much better. But it's not and it won't be unfortunately.

[Matt Collins]

Because they are the best form of taxation and promote wealth and improved standards of living along with a balance of power between the rich, the middle class, and the poor.

No, not really, but kind of.


All taxation is destructive, but consumption taxes (tariffs, sales tax) are less destructive and less harmful to the economy than income taxes. Taxes never help the economy, they only hurt. The exception being that some politically connected may benefit from market distortions due to specific taxes. Trade unions may benefit from certain protectionist tariffs for example while consumers suffer.