
April 7, 2025 — The odds are that more people are now paying some attention to what is going on in Washington, D.C., than during the pre-election campaign. Suddenly, in a matter of a few days, more people are paying attention.
There are so many reasons for this new level of attentiveness. One of the many issues attracting attention is the deportation of a Maryland man. Trump Asks Supreme Court to Block Order Requiring Return of Wrongly Deported Migrant – The New York Times. The case has attracted thousands of comments. It makes one think that every person in the country matriculated at a law school, and all have obtained a law degree and passed at least one state bar examination, not the drinking kind. We are now inundated with more lawyers than we ever thought was possible.
The other big news was the announced tariffs on every country on the planet. There seems to be some confusion about tariffs. It has been said and repeated many times: tariffs are applied upon the arrival of goods into the country and paid by the importing country. In the case of the United States, if the United States imposes tariffs, the tariffs are paid here, not over there. Essentially, we pay the tariffs. Of course, if China retaliates and imposes tariffs, its tariffs are applied on U.S. goods when our goods arrive in China.
Apparently, the related big news is that upon announcing these tariffs, the stock market in New York (as well as many cities around the world) plunged. For Americans who have little or no assets because they earn too little and need every dime they earn or are unemployed, what happens in New York stays in New York. For millions of other Americans, it seems that some may be feeling jittery and may be thinking that their financial futures might be in jeopardy, as one estimate places the losses at nearly five trillion dollars over the first two days after the tariffs were announced. Tariffs Cause Another Stock Market Rout—Losses Approach $5 Trillion As Dow Plummets Another 2,200 Points
The stunning part of the past few days is the reaction by many. Why? Trump imposed tariffs during his first term and campaigned on the issue of imposing tariffs again if re-elected. The chaos created during the first few days and the ensuing losses shouldn’t be that surprising if one were listening and paying attention to what Trump has said over time.
Perhaps the most shocking thing isn’t that Trump imposed tariffs on penguins on a desolate island, but the reaction from economists who are now yelling loudly about how damaging these tariffs might be to the domestic and global economy. Maybe, just maybe, they should’ve been looking into the crystal ball and providing people with the worst-case scenario months ago rather than reacting now in a predictable manner.
For those who have been listening to the business-economic related “plans” that Trump mentioned during his campaign, much of it fell into the “too good to be true” realm. The imposition of these tariffs exposes a group of people along with Trump who appear to have little appetite for detailed analysis and planning in executing Trump’s wants and desires. By now, this shouldn’t surprise us, yet for some reason it does surprise many.
e that more people are now paying some attention to what is going on in Washington, D.C., than during the pre-election campaign. Suddenly, in a matter of a few days, more people are paying attention.
There are so many reasons for this new level of attentiveness. One of the many issues attracting attention is the deportation of a Maryland man. Trump Asks Supreme Court to Block Order Requiring Return of Wrongly Deported Migrant – The New York Times. The case has attracted thousands of comments. It makes one think that every person in the country matriculated at a law school, and all have obtained a law degree and passed at least one state bar examination, not the drinking kind. We are now inundated with more lawyers than we ever thought was possible.
The other big news was the announced tariffs on every country on the planet. There seems to be some confusion about tariffs. It has been said and repeated many times: tariffs are applied upon the arrival of goods into the country and paid by the importing country. In the case of the United States, if the United States imposes tariffs, the tariffs are paid here, not over there. Essentially, we pay the tariffs. Of course, if China retaliates and imposes tariffs, its tariffs are applied on U.S. goods when our goods arrive in China.
Apparently, the related big news is that upon announcing these tariffs, the stock market in New York (as well as many cities around the world) plunged. For Americans who have little or no assets because they earn too little and need every dime they earn or are unemployed, what happens in New York stays in New York. For millions of other Americans, it seems that some may be feeling jittery and may be thinking that their financial futures might be in jeopardy, as one estimate places the losses at nearly five trillion dollars over the first two days after the tariffs were announced. Tariffs Cause Another Stock Market Rout—Losses Approach $5 Trillion As Dow Plummets Another 2,200 Points
The stunning part of the past few days is the reaction by many. Why? Trump imposed tariffs during his first term and campaigned on the issue of imposing tariffs again if re-elected. The chaos created during the first few days and the ensuing losses shouldn’t be that surprising if one were listening and paying attention to what Trump has said over time.
Perhaps the most shocking thing isn’t that Trump imposed tariffs on penguins on a desolate island, but the reaction from economists who are now yelling loudly about how damaging these tariffs might be to the domestic and global economy. Maybe, just maybe, they should’ve been looking into the crystal ball and providing people with the worst-case scenario months ago rather than reacting now in a predictable manner.
For those who have been listening to the business-economic related “plans” that Trump mentioned during his campaign, much of it fell into the “too good to be true” realm. The imposition of these tariffs exposes a group of people along with Trump who appear to have little appetite for detailed analysis and planning in executing Trump’s wants and desires. By now, this shouldn’t surprise us, yet for some reason it does surprise many.