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Re: HAPPY LIBERATION DAY, AMERICA! 🇺🇸💰 

By: micro in GRITZ | Recommend this post (1)
Thu, 03 Apr 25 2:45 PM | 19 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 06251 of 06545
(This msg. is a reply to 06248 by De_Composed)
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well,

what does this mean economically to the consumers?

Prices going up.. For goods and services.

Not so much basic grocery items.

I don't quite know what to think about this whole thing just yet.
I do not like American auto companies.They are not made as well as their Asian competitors even though most of those cars are now made here UNDER the Asian standards of quality control which for some reason seems to be better than the American auto companies.

I sincerely hope this turns out well.

Lastly, what I would LIKE to see happen is change to the tax laws regarding people who have earned their social security benefits on'y to have to pay taxes on it if you actually earn money after your retired and work part time.

That's my wish list.. It pizzes me off I had to pay taxes on my part time income.

Oh well. I reckon everyone has their own....




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The above is a reply to the following message:
Re: HAPPY LIBERATION DAY, AMERICA! 🇺🇸💰
By: De_Composed in GRITZ
Thu, 03 Apr 25 3:33 AM 		Msg. 06248 of 06545

April 2, 2025

Trump Unveils ‘Declaration of Economic Independence’ on Liberation Day

’One of the Most Important Days, in My Opinion, in American History’…

by Olivia Rondeau
Breitbart.com


President Donald Trump unveiled what he called “our Declaration of Economic Independence” on Wednesday at his “Liberation Day” event, announcing reciprocal tariffs on other countries in order to bring back the “American dream.”

Speaking in the White House Rose Garden to members of Congress and the Senate, labor union groups, and the press, Trump said American taxpayers have been “ripped off for more than 50 years, but it’s not going to happen anymore”:

Referring to American workers, some of whom were in the audience, the president said, “They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories, and foreign scavengers have torn apart our once-beautiful American dream.”

We had an American dream that you don’t hear so much about — you did four years ago, and you are now, but you know, too often for many years, and decades even, you didn’t hear too much about our country. And its taxpayers have been ripped off for more than 50 years, but it’s not going to happen anymore. It’s not going to happen. In a few moments, I will sign a historic executive order instituting reciprocal tariffs on countries throughout the world. Reciprocal — that means they do it to us, and we do it to them. Very simple, can’t get any simpler than that.


Applause erupted in the Rose Garden before Trump said, “This is one of the most important days, in my opinion, in American history. It’s our Declaration of Economic Independence.”

“For years, hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful, much of it at our expense. But now, it’s our turn to prosper, and in so doing, use trillions and trillions of dollars to reduce our taxes and pay down our national debt and it will all happen very quickly. With today’s action, we are finally going to be able to Make America Great Again — greater than ever before.

A chart displayed by Trump at his podium and posted by his rapid response team on X revealed the breakdown of tariffs:

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The tariffs start with a baseline of 10 percent for all nations, but several received higher, based on half the amount they charge the United States.

China’s 67-percent tariff on the United States is being met with a 34-percent tariff in response, and the E.U.’s 39-percent tariff is being met with a 20-percent tariff.

Trump added that a 25-percent tariff on “all foreign-made automobiles” will go into effect at midnight.

http://www.breitbart.com/economy/2025/04/02/trump-unveils-declaration-economic-independence-liberation-day/

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