JUST IN – VP JD VANCE ON TARIFFS: “What has the globalist economy gotten the USA? Incurring a huge amount of debt to buy things other countries make for us… we borrow money from Chinese peasants, to buy the things they manufacture. That is NOT a recipe for economic prosperity, it’s not a recipe for low prices, and it’s not a recipe for good jobs in the United States of America.” “For 40 years, we have gone down that pathway. We’ve seen closing factories. We’ve seen rising inflation. We’ve seen the cost of housing so high that most Americans can’t afford to buy a home right now. President Trump is taking this economy in a different direction. He ran on that. He promised it. And now he’s delivering.” “And yes, this is a big change. I’m not going to shy away from it. But we needed a big change. We cannot keep going down the Joe Biden globalist pathway where we have $2 trillion of peacetime debt and deficits.” “We have manufacturing disappearing. That is not working for Americans. We’ve got to take this country in different direction.”
JUST IN – VP JD VANCE ON TARIFFS: “What has the globalist economy gotten the USA? Incurring a huge amount of debt to buy things other countries make for us… we borrow money from Chinese peasants, to buy the things they manufacture. That is NOT a recipe for economic… pic.twitter.com/jLxYZSNJ9f
— Eric Daugherty (@EricLDaugh) April 3, 2025
- I wonder how much damage the U.S. could do if we ceased all of the foreign owned farm land in the States, and we stopped trading our food reserves and spices to other nations, and if we stopped exporting livestock.
- Tariffs are charged once; taxation cascades through the system as hidden inflation. The manufacturer passes their taxes along as part of the cost of the product; the transportation sector adds their taxes on the cost of the product; the vendor adds their taxes on the cost of the product; and, the consumer pays everyone else taxes with the inflated price of the product, and then pays sales tax on everyone elses’ taxes. Tariffs get charged once.
- Dude I’m sick of everyone blaming tariffs for everything. Nintendo revealed the switch 2 and everyone was blaming the tariffs for the higher price for the console and games. Almost like inflation and larger games and therefore more development costs weren’t to blame.
- people arent bringing up the “reciprocal tariffs” means if they dont want a tariff from the USA on their goods, they just have to eliminate the tariff they put on the USA solves the problems, and everyone still wins if other countries are that worried – they can easily fix this
- Phil Anderson has a book that claims the real estate thus the economy runs on 18.6 year cycles. Based on the Great Recession, we are due for the next bust mid to late 2026. The housing market prices and monetary policy indicate we are currently in the mania phase as we ramp to a bubble burst.
- If it was weak, I would tell you it was weak. If it was a construct that contained dangerous consequences, I would warn you of them. If this trade/tariff regime was going to be harmful to the economy I would say so. This global trade reset (as outlined) doesn’t create doom – not even close, it creates discipline. What we’re seeing isn’t a reckless trade war. It’s a strategic recalibration targeting the structural imbalances that hollowed out American industry. The tariffs are reciprocal, calculated based on actual trade deficits. That’s not random or punitive—it’s mathematically fair. And they’re targeted: this isn’t a broad tax on everything. The focus is on finished goods, not the raw materials and components we need to build here. That protects domestic production and supply chains—not disrupts them. Some worry this will destabilize capital markets. But this plan doesn’t touch interest rates, credit channels, or core financial plumbing. It doesn’t burden U.S. manufacturers or trigger input price spirals. Quite the opposite—it creates revenue and predictability; two things capital markets thrive on. It also closes loopholes like de minimis, reins in corporate arbitrage, and forces trading partners to play fair. If that creates discomfort for companies built on outsourcing and imbalance, that’s not doom. That’s a long-overdue correction. This isn’t the collapse of global trade. It’s the end of surrender and the beginning of mutual accountability. This is good. Very, Very good. – Last Refuge Tweet
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