Donald Trump has continually insisted that deals over his tariffs are coming.
Donald Trump claimed Tuesday that the U.S. doesn’t “have to sign” any trade deals, inadvertently admitting that his administration hasn’t made any progress during the 90-day pause on his disastrous tariffs.
During a tense meeting to discuss tariffs with Canadian Prime Minister Mark Carney, the president attempted to move the goal posts on actually completing any agreements with foreign countries.
“Everyone says, ‘When, when, when, are you going to sign deals?’ We don’t have to sign deals!” Trump said.
Trump: we’ve made over 200 trade deals
Everyone: with who?
Trump: she goes to another school
It’s funny he is so stupid he can’t even tell a plausible lie! Because he has to exaggerate beyond what’s even possible.
https://www.worldometers.info/geography/how-many-countries-are-there-in-the-world/
Countries in the world: 195
So surprise surprise the actual number is zero. 🤣🤣🤣
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Probably just one trade deal for each penguin
Yes that is true, but if you make them in such a short time, that he had made 200 of them in a month, wouldn’t it be extremely unlikely to be multiple separate trade deals per country?
Even if he made deals with half the countries on earth, he would need more than 2 deals on average per country!
Aand this should have happened in less than a month, so he should have made on average almost 7 deals per day!! Completely disregarding that trade deals generally are complex and usually take months and even years to negotiate!The point was that the lie is absurd, and that’s not even debatable.
I know it’s tough to tell, but he is actually lying out his face
“He never said they were Earthly nations. He’s making deals with nations across the galactic empire!” - One of Trump’s 20 billion supporters.
Sorry my bad, that’s actually pretty cool. 😜
Never a good thing to surround yourself with the fellationati
When you can’t tell a good lie from a plastic nod-and-smile lie, your brain porridge starts to congeal a little too fast
“Maybe he made 200 deals with Andorra!”
That could be it, one for each item they plan to trade.
She lives in Canada. Wait, not that Canada…
The Cañada that Carlton and Will visited?
“We don’t have to sign deals. They have to sign deals with us. They want a piece of our market, we don’t want a piece of their market. We don’t care about their market. They want a piece of our market,” Trump rambled.
“Trump rambled” is the best attribution for trump quotes.
‘We don’t care about their market’ is such a self indictment of his understanding of global trade.
Poor soybean farmers hearing that when maybe 40% of their crop ends up in Chyyy-nah
Your base mighttt care about their market lil bro
He’ll just distribute them largess from the public coffer. He doesn’t give a shit. Let them watch gladiators while Rome burns.
To be fair, the bread is still a problem, but he’s saving a bundle on the circus
In that situation I think the crowds haven’t noticed the lions are about to jump the fence and the legions have closed the gates.
also like… literally the reason for tariffs: because people want international goods and nobody wants yours
If we don’t care about their market, why are we trying to balance trade?
Trump doesn’t. He just wants vassal states.
He’s not that smart
You don’t need to be smart to understand power.
You have to be hold on to it.
Because his economic thinking is less advanced than David Ricardo’s, and Ricardo died 200 years ago. Ricardo showed the imbecility of attempting to have a pairwise balance of trade for every trading partner, in simple terms, though probably not simple enough for Trump to understand, even if he attempted to learn.
As an economist recently observed, my balance of trade with my barber is negative: so what?
Because Trump doesn’t understand one inch of the global economy.
This is what happens when you mainline American Exceptionalism for 80 years - It rots your brain.
“Blithered” might be slightly more correct.
‘Groaned’ gets my vote.
Emperor has no clothes. Nazis don’t care.
Dday part 2 coming soon.
If there’s one emperor you absolutely want to wear clothes, it’s trump.
The emperor has no class
While that might be true, Behold! Two royal bellybuttons!
Last month, Trump claimed to have already struck 200 trade agreements with foreign countries, a remark so outlandish it sent members of his administration scrambling to make it make sense. (There are also only 195 countries in the world.)
The vile foreigner swine must have pulled out of all of them over the past month.
I would say this guy this is dumber than a bag of hammers but that would be an insult to the bag of hammers.
At least hammers have a use.
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Jesus. You really chose to swing for the fences and bludgeoned a grandmother to death instead.
New AI hammers will auto balance and ‘help’ you aim mid-swing.
And they’ll have to be internet-connected and will report on what brands of nails you’ve been buying.
In the hands of Trump, a hammer is corrupted beyond redemption.
Those are some very responsive penguins.
It’ll be 2000 by tomorrow!
Wake me when it’s over 9000.
Ooh, in that case we still have time to party like it’s 1999
I still can’t fully wrap my head around just how stupid he is. It surprises me, every time.
That, and the sheer stupidity of the morons who voted for him.
Have you considered eating enough raw bushmeat that you get a brain worm?
If you have money in your 401k pull it now.
Shits gonna pop
You can direct your investments in your 401k to international funds much more easily
Im planning on rolling it into Euros.
That is the likely currency to replace the US dollar.
Everyone talks about the yuan, but it’s the euro.
How does one even do that?
Done and done. Thanks for the tip, fellow lemming.
Just an FYI, do be aware that this could have tax implications depending where you put your money and your personal tax liability.
Understanding Taxation of Foreign Investments
- I am not a tax accountant.
Yeah, I think my 401k provider probably thought of that when putting together their international funds offerings
Yes, you’re not not going to have any foreign tax obligations owning a mutual fund in your 401k
True, and as long as expense ratios are the same or lower than your US index/mutual fund then your only real issue is if the US market rebounds and outperforms your portfolio if you had diversified more.
And the expense ratio’s can vary a lot. For example Fidelity shows the exp. ratio of ($0.08 per $1,000) 0.008% for their Index Equity Fund, where their International Equity Fund has an exp. ratio of ($4.02 per $1,000) 0.402%.
Even small differences in fees can have a huge effect over time. Say you’ve invested $100,000 at a 7% annual return: A fund with a 0.80% expense ratio could eat up $70,000 more of your returns over 30 years than a fund with a 0.40% expense ratio.
Source: How to Invest Your 401(k) and Best 401(k) Investments
Fund Name Ticker Net Expense Ratio American Funds New Perspective R62 RNPGX 0.41% American Funds New World R62 RNWGX 0.57% iShares MSCI EAFE International Index K BTMKX 0.05% Janus Henderson Global Equity Income N HFQRX 0.70% Vanguard Emerging Markets Stock Index Adm VEMAX 0.13% Capital Group EuroPacific Growth SA N/A 0.41%
Took me an afternoon and two days to funds to balance but totally worth it. I’m boycotting US stocks and federal bonds.
Doesn’t matter the currency will be worthless too
Pull 401k and buy a tangible object
Buy Euros.
Gyros?
The tastier the better.
Don’t scimp on the sauce.
I’m more into al pastor, thankyouverrahmuch.
This is just the push I needed to buy that Mercedes, thank you
/s
If tariffs continue for long enough then the value of all cars will skyrocket actually
She sounds like an excellent dancer
If the stock market and US dollar becomes worthless, it won’t matter where you store your retirement money because it’ll be worthless too.
This is stupid. Selling your investments at a low price for a currency that’s quickly devaluing is two boneheaded moves in one.
Move as many of your investments as possible outside of the US.
The euro is devaluing? I missed that news.
Every currency devalues, that’s what inflation is.
Donald Trump is president of the EU? I missed that news.
It’s a global market, if the US goes belly up the world is going to feel it. Despite Trump putting his head in the sand, we are part of a global economy.
Yes, if the US entirely and completely ceased to function, it would have a greater economic effect than the current recession that has begun.
Not bad advice
You can’t do that in the US for 401ks with the company you currently work for
Unfortunately, the global economic system is tightly integrated. I think this will provide only a minor hedging effect.
As the rest of the world continues to move on without the US, the effect will grow.
The US consumers base is bigger than the next like six or seven countries combined, China included. If a country exports literally anything, you can bet the US is one of their larger trade partners, if not the largest. We just love buying shit here and had the money to do it. So I’m just saying, this shit is gonna hurt everybody. If you build something, odds are someone in America will buy it. The US imported $3.2T worth of goods in 2022, and if that shit dries up, all those places need to find someone else to sell that shit to.
I say this thinking this is all dumb, and if the issue was China, as it’s purported to be, and which is something I can totally get on board with, why not just go to trade war with China? China is heavily reliant on American consumerism. The US sent 150b in goods to China, but bought 536b back. With no other of America’s trade partners is the gulf so big. Mexico and Canada combined, the next largest two, were less.
I dunno, I’m just an idiot. I think things are much more complicated than folks on here and Reddit make them out to be. And that’s excluding the plethora of other obvious negatives from this administration. I think we all need to buckle up, and it doesn’t matter where you’re from.
Its big becauae people consume. How many people gonna consume when its tonexpensive to live?
How many MAGA folks will ever see this? Probably very few. And most of those few will dismiss it without a second thought.
He wanted to nuke a hurricane and americans still voted for him.
Hey now, he eventually back pedaled and successfully redirected the hurricane by using just a sharpie.
I wish he did so people would realize how much of an idiot he is. But then again, this is Maga.
Amazed he didn’t try and nuke COVID-19.
Well, we all know how incapable Trump is regarding business and economy. Basically any halfway professional diplomat or trade official will basically run him into the next wall, head first.
China is only the first of many countries where he will learn that he is playing with adults for the first time. These are not random bootlicking apprentices he can fire at a whim.
Holding all the cards but his casinos are gone.
Made deal with 200 nations? Yeah, imagiNations.
Wakanda, Narnia, Atlantis, Mordor, New Crobuzon, Dis, Sodom & Gomora, flavortown, that isle where all gay man live, the underworld and belgium.
Wherever he appears, everyone should just break out in laughter.
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If you are aiming for offensive, “Dotard” is a (far) better word and it’s not actually as derogatory as it sounds. In fact, it’s perfectly cromulent and accurate.
- an old person, especially one who has become physically weak or whose mental faculties have declined.
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If we could get someone Trump listens to saying that the United States is falling behind Norway in dilithium mining, and state it confidently, he would 100% be demanding Norway’s dilithium operations the next day.
We should find a way to do this.
. . .someone Trump listens to. . .
Maybe fox news?
You could get on OAN and likely have the same exposure
oh you mean Donald Trump is full of shit like always?
I’m really hoping that after enough people yell at him about how much money they are losing, he will just drop the tariffs and wonder off to the next disaster.
You forgot the part where he declares victory and claims he saved us from the disaster that he himself made.
And 70 million+ American voters believe it.
He also brought in 9, maybe even 10 trillion dollars to the US! No other president has even brought in 1 trillion! Did you know that?
I really wish the camera didn’t keep focusing on Trump, I wanted to see Carney’s reactions throughout.
