From: pothead <pothead@snakebite.com>
Newsgroups: can.politics,alt.politics.trump,alt.fan.rush-limbaugh
Subject: Re: "Bat poop crazy"
Date: Fri, 1 Aug 2025 00:22:58 -0000 (UTC)
Organization: Muffler Bearings LLC
On 2025-07-31, Governor Swill <governor.swill@gmail.com> wrote:
> On Wed, 30 Jul 2025 17:44:59 -0700, "chine.bleu"
><chine.bleu@yahoo.com> wrote:
>
>>Governor Swill wrote:
>>>>> But keep the subsidies for big oil, right?
>>> This is the kind of partisan thing I've been talking about, pothead.
>>>
>>> You're perfectly ok with government meddling in markets as long as it
>>> only meddles in the markets YOU want meddled with.
>>>
>>>> >
>>
>>The Erie Canal was not built by barges, but by the state of New York.
>>
>>America has long subsidised businesses it has wanted to prosper. Whining
>>does not alter history.
>>
>>Oil subsidies do not do me any good. But if elected legislators decide
>>it is in the country's interest, this how we choose to spend money.
>>
>>Early on we had tariffs to subsidise businesses. More recently we found
>>out a general agreement on reducing tariffs and trade barrier was better
>>way to encourage businesses.
>
> Trump's tariffs are a way to subsidize income tax cuts for the
> wealthy.
Specifically how?
They're also a way to push our economy back 150 years.
As usual the left leaves out some important details.
Take S. Korea for example.
Overview of the Trade Deal
President Donald Trump announced a new trade agreement with South Korea on July 30, 2025. This deal comes just before a deadline for imposing higher tariffs on countries that do not reach agreements with the U.S.
Key Terms of the Agreement
Tariff Rates
15% Tariff: South Korean goods will be subject to a 15% tariff, reduced from the previously threatened 25%.
Exemptions: U.S. exports will not face any tariffs.
Investment Commitments
$350 Billion Investment: South Korea will invest $350 billion in U.S. industries, particularly in sectors where it has strengths, such as:
Shipbuilding
Semiconductors
Biotechnology
Energy
$100 Billion in Energy Purchases: South Korea will also purchase $100 billion worth of liquefied natural gas (LNG) and other energy products from the U.S.
Implications for South Korea
Market Access: The deal is seen as a way to ensure South Korea maintains competitive tariff rates compared to other countries.
No Concessions on Sensitive Markets: South Korea successfully resisted U.S. demands to open its rice and beef markets further, which are politically sensitive issues domestically.
Conclusion
This trade deal is viewed as a significant step for both countries, aiming to strengthen economic ties while addressing tariff concerns. South Korean President Lee Jae-myung emphasized that the agreement eliminates uncertainties in the trade environment and promotes mutual benefits.
--
pothead
"Our lives are fashioned by our choices. First we make our choices.
Then our choices make us."
-- Anne Frank