@@imperator791 At this point I can’t tell if Americans really don’t know what www means or if it‘s just a joke, if it’s worldwide then it isn’t specific to any country
Sane people don't need to be told, unfortunately a large percentage of the US population is insane. So insane in fact that even after they're told it won't matter, they'll just figure out someone else to blame.
@@Testchannels-z8j Well Australia props NATO up by billions yet the EU has inflicted a punitive trade embargo on it for generations, so it seems like America wants to level up with European idiots?
Its worse. Hes trying to redefine what a tariff is. He’s so desperate to look strong he has set up a new department called external revenue service to collect foreign payments. He thinks he can audit other nations on their sales to the US. This is embarrassing for every US citizen.
This old retired Canadian had been in the transportation business for a long time. It's the importer, through their customs broker that pays for all taxes, duties, and tariffs in order to obtain the necessary Customs clearance for entry into the US. So, Trump's new External Revenue service will collect those funds from internally located American importers who then pass on the extra cost to their customers. How does collecting taxes internally equate to an external revenue collection? Oh wait, Trump needs these tariffs that Americans will pay in order to fund the expected huge tax cuts for the elite.
They will put tariffs on where it hurts Republican states the most, 95% of the last lot of money collected in tariffs when bird brain was in power was spent of farming subsidies to negate the retaliatory tariffs. US farmers lost markets they had been building up for 50+ years overnight which will never come back
The guest mentioned that Section 301 tariffs do not require an investigation period. That's not how that process works. Section 301 tariffs require the Office of the United States Trade Representative (appointed by the president and confirmed by the Senate) to initiate an investigation or a petition from an interested party claiming a foreign country's practices are unfair or discriminatory and harm U.S. Commerce. When Trump implemented the Section 301 tariffs against China last time, it took 11-12 months for both attempts. What he can do is declare a National Emergency and implement the Emergency Economic Powers Act, which can be fairly quick(2-4 weeks). The only downside would be the political pushback on unilaterally doing so.
The simple fact that the US has traditionally pushed for the Dollar to be the world's reserve currency and held at a strong value against other currencies makes exporting harder. That is the main reason they have trade deficits.
Add to that, that much of, what they do produce, is overpriced, substandard, if not outright banned due to being detrimental to human health. If they want us to buy more from them, they also need to start making stuff, we can actually use.
Under-invoicing, smuggling, parallel markets, reciprocal tariffs....these are the common consequence of import tariffs...not to mention higher prices, inflation..... Trump can think that some manufacturing can return to USA. So US workers will be happy with $ 200 a month as salary? A robot doesn't even need to be paid $ 200 a month. It doesn't get sick or need holidays and can labour perhaps 23 hours a day. The world is one economic stage now. But the chance of the MAGA worshippers accepting that is zero.
Can anyone explain why our industrial base has declined, besides the reserve currency status and decline in tariffs? What alternative to tariffs we can use to reverse those clearly negligible effects, since ending the reserve currency status is undesirable?
OK, but if tariffs start a massive trade war and trigger a global depression, we'd probably see a collapse of consumer demand and enter a deflationary spiral which would lower prices.
Right now we have high prices that people struggle to afford. With a global depression, we'd end up with lower prices that people would still struggle to afford because along a collapse in consumer demands, depression also would result in job losses, high unemployment, and drop in wages. Either way people would still struggle to afford things. Ideally, what we want is a low inflation rate that would allow for the wage increase rate to catch up.
@@rahimmajid647 Indeed. If only we could get inflation to stay under 3% for an extended period of time (maybe over a year) while keeping unemployment really low (maybe under 4%) and maintaining positive GDP growth. That would be ideal. When was the last time that happened, though?
@@bradhombre6912 I didn't say it was gonna be easy. I said ideally. And while it hasn't hit your ideal rates here, the wage increase rate in the US has been higher than the inflation rate since mid 2023. But having a global depression just because you want lower prices is more than likely a very bad idea.
@@rahimmajid647 I'm clearly failing at sarcasm. I agree a global depression would be bad, and the "ideal" numbers I cited are what we've already had since August 2023.
@@bradhombre6912 Funny thing about sarcasm... Unless it is as obvious as a brick wall, it doesn't get through that well when it is written or typed, does it? 😁
Since prices will go up for everything and no one (except the rich) will be able to afford new electronics, appliances, cars, etc., this would be a good opportunity for businesses that fix things and sell second-hand items. People will need to make do with items they currently own and make them last longer.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
I was a CA supporter of Trump before he decided to keep his MAGA promise on the backs of his allies. That is a fools errand, close your borders tariff stricken countries.
The US has already higher tariffs on Europe. There is a 25% tariff on pickups and vans from Europe already in the US. Tariffs on US cars are way lower. 8% on US cars in Europe. We should make it higher actually in the EU. 25% too, especially on Tesla's.
A while ago, I felt like I was always too late to the party-by the time I heard about a coin, it had already peaked. Then I picked up The Bull Awakening by Taro Arimoto, and it gave me the tools to spot opportunities early. I’m finally making decisions with confidence instead of just guessing. This book is worth every minute.
"So you could export more raw goods and assemble them in the US." Thats exactly what Trump wants. So tarrifs work then? The other way around export countries cannot retaliate as much, as they all have surplusses.
In the example of Canada, we export raw materials to US manufacturers and import finished goods from the US. It’s easier for Canada to source finished goods elsewhere than for the US to source raw materials elsewhere.
The problem here is that you can't really apply that idea to everything. Do a simple observation experiment the next time you go to Target or Costco or wherever you go to do your shopping. Just make a rough estimate of the goods you see there that would be economically viable to have the raw material imported for assembly in the US. Targetted tariff can work in your favor. But across the board tariff plan that Trump is talking about? Probably not a good idea for consumers.
Tariffs have MANY uses. First the U.S. has to want something from another nation. Lets say we want Canada to secure its border, or else we will impose tariffs. Canada exports 76% of ALL their goods to the U.S. This means the U.S. can impose tariffs on 76% of all Canada's exports. ouch. Now Canada can impose tariffs on U.S. goods. The U.S. exports 15% of all our goods to Canada so Canada can ONLY put a tariff on 15% of our exports. Who will this hurt THE MOST? At this point Canada gets wise and secures their border. Any questions?
@Russellviews Question 1: Do you understand that it is not just the Canadian border, it is the USA/Canadian border?. That means BOTH countries have a responsibility to secure it. For example the US has a responsibility to stop the illegal flow of drugs and guns into Canada. Question 2: Do you understand how tariffs work and who bears the cost? The US imports many products essential to the US economy at cheap rates from Canada. For example oil, electricity and lumber. Each of these are essential to industry and private citizens. The tariffs, which the purchaser, not the exporter will pay, will increase costs for everyone in the supply chain, and ulimately the end users bear the increased cost of the product. Question 3: What does the US export to Canada that they can't source elsewhere? Like every other country in the world, Canada doesn't have to trade with the US. They do so because of a relationship that has been built up over many years. If the relationship breaks down there is nothing to stop them forming new relationships. Perhaps renewing the trade it once had with the UK now it is no longer part of the EU. Or perhaps increase trade with some of the 56 countries in the British Commonwealth (of which it is a member.) China is also an option. It has the potential to be much a larger and more lucrative market place than the US.
@ Protective tariffs. import tariffs. Customs fees. Provisional tax. Preferential rates. Conventional tax. Its much more complicated than what you think. As the worlds largest consumer we have many smart options for leverage. We haven't had leaders with the will or knowledge to work it to our advantage. Trump does.
I agree that Canadian subsidies need to stop. There was a time when we used to make the equipment our troops used. But ever since the 1960s practically every aircraft our air force has flown has been built in an American plant. All that money we’ve poured into the pockets of American workers. All that money we’ve poured into those communities. All that money we’ve poured in to boost the bottom line of American corporations. I guess when DT says Canada needs to spend more on defence, he really means we need to pour more money into American pockets. These subsidies have to stop. Maybe we should subsidize Sweden’s factories and buy their Gripen aircraft or pour money into Ukraine and buy their ever so good tank busting drones. Maybe we should get back to making our stuff and stop all those subsidies just like DT says we should.
This is a very expensive way of developing flagging industries. There was a time where the US would use technology and improved productivity to address competitiveness. The use of tariffs as a crutch that hurts consumers and US export opportunities, not to mention relationships with allies.
@@martycarpenter3829Our country was sold out by politicians and corporations. Of course this will cost us in the short term, but we will rebalance the global economy. Things will naturally grow where they grow the best, and not because of greed, and currency manipulation. The US is going to use our leverage to achieve this, and it may hurt some feelings in the process.
@timothykrause2327 Again tariffs are a very expensive tax and is a ham handed way to rebalance presumed trade imbalances. Redrafting current trade agreements is a much easier and effective way to go. As far as hurt feelings, as a Canadian we are good. What we dont appreciate is lies/ misinformation around how the US pays for our defense and the current trade deficit.
@@martycarpenter3829 Taxes from tariffs will be offset by cutting our wasted spending, and tax relief in other areas. But you’re correct, we should use them as a last resort to failed negotiations. And nothing trump said about Canada’s reliance on the US military support, or the trade deficit, was untrue. Trump has only suggested putting tariffs on Canada if they don’t help secure the border. It’s not an unreasonable expectation to make, and easily avoided from Canada’s end.
@@martycarpenter3829 And I’m probably more on your side than you know. I believe Canada has also been sold out, and I believe us citizens will be able to easily find common ground.
Cutting spending doesn't cut the deficit in the way you think it does. Every $1 the government spends has an economic multiplier, if for example the defence cuts have an economic multiplier of 0.8 you need to cut 10 trillion to save 2 You then have the problem of what do you do with all the unemployment you've created and the rapid shrinking of GDP will result in loosing the 2 trillion in reduced tax receipts.
@@SeanPan-it3jm For sure it’s going to be a battle with the military industrial complex. Personally I believe AI drones will end global conflict completely. They’ve already taken the war in Ukraine back to 1900’s trench warfare. In a few years they’ll be so advanced, they’ll make standing armies obsolete. The developed countries will need to ban AI drone warfare before everyone is able to make them in their garage. And since no one will trust the other to not make AI drones, everyone will need to ban standing armies as well. AI will end global conflict.
PRES TRUMP SHOULD START BY CANCELING THE ANNUAL USA DONATION OF $12,100,000 to GREENLAND, $23,141,764 to CANADA, $330,553,180 to MEXICO, & $23,340,930 to PANAMA.
He’s talking about the trade deficit, but he’s taking into account the service based industry, well done on that by the way . But same answer ….. stop buying it ? lol don’t buy the oil ? Go buy it from another country ? What do you want ? lol
I live in Germany, I buy absolutely no American products
To be Fair. America Bearly makes anything anymore.
How's your economy going lately?
A massive amount of what you buy is designed in America and made somewhere else. You may not understand it but you're paying off American value added.
U are using TH-cam which is 🇺🇸
@@imperator791 At this point I can’t tell if Americans really don’t know what www means or if it‘s just a joke, if it’s worldwide then it isn’t specific to any country
His supporters will call this “fake news” like the trained seals they are.
Yet his supporters cheer for this... While also wanting their grocery prices to fall 🤦♂️
From the guy who bankrupted 6 companies and added 8 Trillion to the US national debt. Call me dubious.
As a 🇨🇦, I’m sad that the US is always stamping on us and abusing our friendship. We need to look elsewhere.
Tariffs only ever raise prices. Period. End of Line.
Do we really need a finance professor to tell us that an import tax will raise the price of imports?
Sane people don't need to be told, unfortunately a large percentage of the US population is insane. So insane in fact that even after they're told it won't matter, they'll just figure out someone else to blame.
We dont but the rest of the world will love it.
Maybe you don't, but an incoming president (and his fan base) does.
@buddy1155 They do, but it won't matter. They'll let it happen anyways then just figure out someone else to blame.
The average American has a 6th Grade education. Simple words go a long way with maga. Complex words are incomprehensible to maga.
I hate the fact we live in a country where we have to explain that tariffs raise prices.
So vice president Trump wants other NATO countries to spend more whilst simultaneously cutting down on trade from those countries through tariffs. .
Vice-president??
@@michaeldunham3385 Elon is running the show. That's corporate lobbying for ya. Blame Citizens United.
Not to mention threatening to take over by force a territory which has belonged to another NATO member for hundreds of years.
@danielhawthorn6639 yeah he does seem to have way too much influence, I suppose it's the closest thing he can do to become president
@@Testchannels-z8j Well Australia props NATO up by billions yet the EU has inflicted a punitive trade embargo on it for generations, so it seems like America wants to level up with European idiots?
Remember this is the same country that went after Japan for not buying US cars, but the US didn't make right hand drive cars.
Brilliant 👏
🤔 Seems Canada, Iran, Panama, Russia, Greenland, China, North Korea all now have the same common enmy
Its worse. Hes trying to redefine what a tariff is. He’s so desperate to look strong he has set up a new department called external revenue service to collect foreign payments.
He thinks he can audit other nations on their sales to the US.
This is embarrassing for every US citizen.
This old retired Canadian had been in the transportation business for a long time. It's the importer, through their customs broker that pays for all taxes, duties, and tariffs in order to obtain the necessary Customs clearance for entry into the US. So, Trump's new External Revenue service will collect those funds from internally located American importers who then pass on the extra cost to their customers. How does collecting taxes internally equate to an external revenue collection? Oh wait, Trump needs these tariffs that Americans will pay in order to fund the expected huge tax cuts for the elite.
We need a global campaign to boycott American products and services if this bullying continues with threats of annexation of allies.
This is what happens when trump skips his economics classes at Wharton.
trumpf economics from trumpf university. Trust that idiotic theory at your own peril. Africa is not a country, professor.
If you are intelligent enough to read between the lines, he meant African Countries.
@@AnotherPointOfView944 Those who claim to be intelligent are always the less intelligent ones.
Trump's pose in the thumbnail reminds of Mussolini.
It os about to become rumps favorite pic of himself if he reads your comment.
😂
Just use your buying power and withhold money from these companies.
The rich are at war with the working class. ✊️
Every country should simply put 100% tariffs on all American goods and services.
This is definitely within their rights. But as a major importer, the US will crush them in a tariff war.
They will put tariffs on where it hurts Republican states the most, 95% of the last lot of money collected in tariffs when bird brain was in power was spent of farming subsidies to negate the retaliatory tariffs.
US farmers lost markets they had been building up for 50+ years overnight which will never come back
Then that hurts every country except the USA.
Bro, we don't need y'all. Yes it will hurt us some but it will hurt y'all guys incredibly
@@SlowhandGreg Apart from Texas red states don't make anything, do they?
The guest mentioned that Section 301 tariffs do not require an investigation period. That's not how that process works. Section 301 tariffs require the Office of the United States Trade Representative (appointed by the president and confirmed by the Senate) to initiate an investigation or a petition from an interested party claiming a foreign country's practices are unfair or discriminatory and harm U.S. Commerce. When Trump implemented the Section 301 tariffs against China last time, it took 11-12 months for both attempts. What he can do is declare a National Emergency and implement the Emergency Economic Powers Act, which can be fairly quick(2-4 weeks). The only downside would be the political pushback on unilaterally doing so.
We need to block him
The simple fact that the US has traditionally pushed for the Dollar to be the world's reserve currency and held at a strong value against other currencies makes exporting harder. That is the main reason they have trade deficits.
Add to that, that much of, what they do produce, is overpriced, substandard, if not outright banned due to being detrimental to human health. If they want us to buy more from them, they also need to start making stuff, we can actually use.
Don't think the world is lining up to kiss don ring .. maybe Prof is the only in line😅
Under-invoicing, smuggling, parallel markets, reciprocal tariffs....these are the common consequence of import tariffs...not to mention higher prices, inflation.....
Trump can think that some manufacturing can return to USA. So US workers will be happy with $ 200 a month as salary? A robot doesn't even need to be paid $ 200 a month. It doesn't get sick or need holidays and can labour perhaps 23 hours a day.
The world is one economic stage now. But the chance of the MAGA worshippers accepting that is zero.
Trump’s administration loves the Star Wars prequels because they’re a how-to guide for overthrowing a republic.
Can anyone explain why our industrial base has declined, besides the reserve currency status and decline in tariffs?
What alternative to tariffs we can use to reverse those clearly negligible effects, since ending the reserve currency status is undesirable?
This guy is MEGA.
OK, but if tariffs start a massive trade war and trigger a global depression, we'd probably see a collapse of consumer demand and enter a deflationary spiral which would lower prices.
Right now we have high prices that people struggle to afford. With a global depression, we'd end up with lower prices that people would still struggle to afford because along a collapse in consumer demands, depression also would result in job losses, high unemployment, and drop in wages. Either way people would still struggle to afford things.
Ideally, what we want is a low inflation rate that would allow for the wage increase rate to catch up.
@@rahimmajid647 Indeed. If only we could get inflation to stay under 3% for an extended period of time (maybe over a year) while keeping unemployment really low (maybe under 4%) and maintaining positive GDP growth. That would be ideal. When was the last time that happened, though?
@@bradhombre6912 I didn't say it was gonna be easy. I said ideally. And while it hasn't hit your ideal rates here, the wage increase rate in the US has been higher than the inflation rate since mid 2023.
But having a global depression just because you want lower prices is more than likely a very bad idea.
@@rahimmajid647 I'm clearly failing at sarcasm. I agree a global depression would be bad, and the "ideal" numbers I cited are what we've already had since August 2023.
@@bradhombre6912 Funny thing about sarcasm... Unless it is as obvious as a brick wall, it doesn't get through that well when it is written or typed, does it? 😁
Since prices will go up for everything and no one (except the rich) will be able to afford new electronics, appliances, cars, etc., this would be a good opportunity for businesses that fix things and sell second-hand items. People will need to make do with items they currently own and make them last longer.
Plan for depression now
The trouble with that is quality, and long-lasting products are no longer made.
If no one stops him, Trump will go down in history as responsible for the worst economic crisis ever
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
I was a CA supporter of Trump before he decided to keep his MAGA promise on the backs of his allies. That is a fools errand, close your borders tariff stricken countries.
Thank goodness as consumer as we have choices. These companies that farmed out all their production overseas are going to be uncompetitive. 😂😂😂
More inflation will drive me out of this country because my budget can’t take it!
Til 27 anyway.....hypetinflation coming
Most countries have worse inflation
Its likely thatbsome tarrifs will be applied, then therevwill be counter tarrifs and later a negotiation. But any price increase means inflation
The EU has the most extraordinary level of tariffs, except on imports of Russian food. What is wrong with Europeans that they are such slow learners?
The US has already higher tariffs on Europe. There is a 25% tariff on pickups and vans from Europe already in the US. Tariffs on US cars are way lower. 8% on US cars in Europe. We should make it higher actually in the EU. 25% too, especially on Tesla's.
Clearly, u do not understand EU tariffs. Or the real situation of EU tariffs or US tariffs for that matter.
@ Do you understand that the EU trades with more than just the US?
A while ago, I felt like I was always too late to the party-by the time I heard about a coin, it had already peaked. Then I picked up The Bull Awakening by Taro Arimoto, and it gave me the tools to spot opportunities early. I’m finally making decisions with confidence instead of just guessing. This book is worth every minute.
Donald Trump would have never let this happen
😂😂😂
What? He is the cause of this.
tRump voter I take it?
@@Ulysses.S.Grant.For.The.Union.sarcasm
It's the first thing he does. The guy isn't smart. He's really dumb actually.
"So you could export more raw goods and assemble them in the US." Thats exactly what Trump wants. So tarrifs work then? The other way around export countries cannot retaliate as much, as they all have surplusses.
Exactly you can't replace the consumer.
In the example of Canada, we export raw materials to US manufacturers and import finished goods from the US. It’s easier for Canada to source finished goods elsewhere than for the US to source raw materials elsewhere.
The problem here is that you can't really apply that idea to everything. Do a simple observation experiment the next time you go to Target or Costco or wherever you go to do your shopping. Just make a rough estimate of the goods you see there that would be economically viable to have the raw material imported for assembly in the US. Targetted tariff can work in your favor. But across the board tariff plan that Trump is talking about? Probably not a good idea for consumers.
Why interview this man? Rumours?
I love that you think people who think Jesus gave them Trump are going to listen to a Finance Professor .
Tariff is not trumps favorite word its his new word that replaces the repugnant Republican stench of the word ," tax " .
Tariffs have MANY uses.
First the U.S. has to want something from another nation.
Lets say we want Canada to secure its border, or else we will impose tariffs.
Canada exports 76% of ALL their goods to the U.S.
This means the U.S. can impose tariffs on 76% of all Canada's exports.
ouch.
Now Canada can impose tariffs on U.S. goods.
The U.S. exports 15% of all our goods to Canada so Canada can ONLY put a tariff on 15% of our exports.
Who will this hurt THE MOST?
At this point Canada gets wise and secures their border.
Any questions?
@Russellviews
Question 1: Do you understand that it is not just the Canadian border, it is the USA/Canadian border?.
That means BOTH countries have a responsibility to secure it. For example the US has a responsibility to stop the illegal flow of drugs and guns into Canada.
Question 2: Do you understand how tariffs work and who bears the cost?
The US imports many products essential to the US economy at cheap rates from Canada. For example oil, electricity and lumber. Each of these are essential to industry and private citizens. The tariffs, which the purchaser, not the exporter will pay, will increase costs for everyone in the supply chain, and ulimately the end users bear the increased cost of the product.
Question 3: What does the US export to Canada that they can't source elsewhere?
Like every other country in the world, Canada doesn't have to trade with the US. They do so because of a relationship that has been built up over many years. If the relationship breaks down there is nothing to stop them forming new relationships. Perhaps renewing the trade it once had with the UK now it is no longer part of the EU. Or perhaps increase trade with some of the 56 countries in the British Commonwealth (of which it is a member.) China is also an option. It has the potential to be much a larger and more lucrative market place than the US.
1/ Stop all potash shipment to the US.
2/ Wait
@
Protective tariffs. import tariffs. Customs fees. Provisional tax. Preferential rates. Conventional tax. Its much more complicated than what you think. As the worlds largest consumer we have many smart options for leverage.
We haven't had leaders with the will or knowledge to work it to our advantage. Trump does.
I agree that Canadian subsidies need to stop. There was a time when we used to make the equipment our troops used. But ever since the 1960s practically every aircraft our air force has flown has been built in an American plant. All that money we’ve poured into the pockets of American workers. All that money we’ve poured into those communities. All that money we’ve poured in to boost the bottom line of American corporations. I guess when DT says Canada needs to spend more on defence, he really means we need to pour more money into American pockets. These subsidies have to stop. Maybe we should subsidize Sweden’s factories and buy their Gripen aircraft or pour money into Ukraine and buy their ever so good tank busting drones. Maybe we should get back to making our stuff and stop all those subsidies just like DT says we should.
Look up the definition of “subsidy “ A trade deficit is not a subsidy. Trump has no clue what he is talking about, the figure he gives keeps changing.
Blanket tariffs will be used for political leverage. Targeted tariffs will be used to lure back critical industries.
This is a very expensive way of developing flagging industries.
There was a time where the US would use technology and improved productivity to address competitiveness. The use of tariffs as a crutch that hurts consumers and US export opportunities, not to mention relationships with allies.
@@martycarpenter3829Our country was sold out by politicians and corporations. Of course this will cost us in the short term, but we will rebalance the global economy. Things will naturally grow where they grow the best, and not because of greed, and currency manipulation. The US is going to use our leverage to achieve this, and it may hurt some feelings in the process.
@timothykrause2327 Again tariffs are a very expensive tax and is a ham handed way to rebalance presumed trade imbalances. Redrafting current trade agreements is a much easier and effective way to go. As far as hurt feelings, as a Canadian we are good. What we dont appreciate is lies/ misinformation around how the US pays for our defense and the current trade deficit.
@@martycarpenter3829 Taxes from tariffs will be offset by cutting our wasted spending, and tax relief in other areas. But you’re correct, we should use them as a last resort to failed negotiations. And nothing trump said about Canada’s reliance on the US military support, or the trade deficit, was untrue. Trump has only suggested putting tariffs on Canada if they don’t help secure the border. It’s not an unreasonable expectation to make, and easily avoided from Canada’s end.
@@martycarpenter3829 And I’m probably more on your side than you know. I believe Canada has also been sold out, and I believe us citizens will be able to easily find common ground.
Musk have to cut 2 trillion. May I suggest 90% cut on defense spending?😂😅🎉😮
I see a 50% reduction for sure. 450 billion buys a lot of AI drones still.
@@timothykrause2327 50 or 90%, I don't see Musk can keep this job longer than 3 weeks. I will be all for MAGA should it happen.
Cutting spending doesn't cut the deficit in the way you think it does.
Every $1 the government spends has an economic multiplier, if for example the defence cuts have an economic multiplier of 0.8 you need to cut 10 trillion to save 2
You then have the problem of what do you do with all the unemployment you've created and the rapid shrinking of GDP will result in loosing the 2 trillion in reduced tax receipts.
@@SeanPan-it3jm For sure it’s going to be a battle with the military industrial complex. Personally I believe AI drones will end global conflict completely. They’ve already taken the war in Ukraine back to 1900’s trench warfare. In a few years they’ll be so advanced, they’ll make standing armies obsolete. The developed countries will need to ban AI drone warfare before everyone is able to make them in their garage. And since no one will trust the other to not make AI drones, everyone will need to ban standing armies as well. AI will end global conflict.
@@SeanPan-it3jmYT has made commenting difficult. I replied, but you may have to click from “top” to “newest” in order to see it.
The Radio Times has been wrong on just about everything regarding Trump, you may as well keep going.
PRES TRUMP SHOULD START BY CANCELING THE ANNUAL USA DONATION OF $12,100,000 to GREENLAND, $23,141,764 to CANADA, $330,553,180 to MEXICO, & $23,340,930 to PANAMA.
What $23B to Canada?
@@bonniegettingthrumyday2866 what are you talking about?
He’s talking about the trade deficit, but he’s taking into account the service based industry, well done on that by the way . But same answer ….. stop buying it ? lol don’t buy the oil ? Go buy it from another country ? What do you want ? lol
@@BrianOrietok , Trade deficit is Called donation. 😂
EVEN SCHOOL KIDS DOING ECONOMICS KNOW TARIFFS DONT BRING DOWN PRICES. R
No trumpies to disciss.....imagine