Seriously, wtf is wrong with him now???
The party of no taxes really loves to tax people.
You didn’t read the fine print. It’s the party of no taxes*
*^for rich people^
Trump, apparently: The way we get back to a strong economy is to eliminate as much buying and selling of anything as possible.
“You know what will fix America’s problems? Infinite new taxes on absolutely everything!”
– Republicans, apparently
Ah yes, nothing says “National Security Threat” like Swedish cabinetry.
Well, Norwegian Wood was a song about burning a house down.
imposing a 50 percent tariff on “all kitchen cabinets, bathroom vanities, and associated products,” as well as a 30 percent tariff on upholstered furniture beginning Oct. 1st.
If associated products means anything that could go into making a cabinet, like fixtures or even the parts of a cabinet that might still have to be imported, then he’s making domestic expensive too, nullifying anything. It’s possible that he may end up eventually being the only person in the US who doesn’t understand the effects of a tariff. Idiot.
On top of all the other bullshit that they are, the tarrifs are a massive grift.
Commerce Secretary Lutnick has an investment bank that is betting against the Tarrifs and expects to make big money when they are struck down in court.
https://www.wired.com/story/cantor-fitzgerald-trump-tariff-refunds/
His investment bank pays companies who paid the tarrifs pennies on the dollar to get future rights to any repayment from the government in the event the tarrifs are overturned.
Say a company paid $10 million in tarrifs. Lutnick’s investment bank pays the company $3 million for the rights to the tarrifs. In the future, a court overturns the tarrifs, rulling them illegal. US government has to pay back the tarrifs to the companies that paid them. But Lutnick’s investment bank now owns the right to that $10 million. Thus, Lutnick’s investment bank gets $10 million. $7 million profit.
Lutnick is advocating for tarrifs, then has an investment bank that is investing against the tarrifs. A scam is afoot, folks.
So some domestic firm with a terrible, non competitive product fellated him. Did we see a pressboard trophy to go with Apple’s glass one?
This abject moron will had no fixing clue how tariffs work and how to use them not like an idiot.
IKEA is not going to give a flying fuck about this.
“The reason for this is the large scale ‘FLOODING’ of these products into the United States by other outside Countries,” he wrote. “It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process.”
I’d join the discussion but the article is paywalled
Thank God the only person who can bypass a paywall showed up!
/s
