About Tariffs
January 20, 2025
Things were simple for Britain’s King John in the early 1200’s. He owned an island and gave out large parcels of land to those who would kiss his ring and pay him rent. His sole other income was from tariffs. His lords supported large standing armies to maintain control of his kingdom and compete with neighbouring feudal lords. The custom went directly to the King’s treasury.
Donald Trump seems to owe a lot to King John. Does he see tariffs funnelling America’s money straight to his personal coffers? So far the oligarchs have lined up for his benefices and he keeps making noises about the National Guard.
Of course King John overreached and the Magna Carta resulted in 1215, but Donald has given King John a fresh new start. What can stop the march of neo-feudalism in 2025? What will become of the Constitution of 1776?
the Walnut Diary 
January 20, 2025 at 11:07 am
The Orange man is simply tiered of the imbalance of trade and the USA subsidizing other countries………economically and militarily (and YES, I’m looking at you Canada). One would think that with Canada being so broke, it wouldn’t be playing TV commercials ad nauseum down here wanting to ingratiate itself with our populace. We already love your fine manners and cheese curd. GRIN Meanwhile, Joe Biden has pulled more bullshit pardons this morning…….pre-emptively. There ought to be a law forbidding this. All he pardoned would be found guilty of the lawfare he pursued over the last 9 years. Only an hour left until the USA takes a new road.
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January 20, 2025 at 12:31 pm
The imbalance is entirely in oil, gas, and electricity. What’s more, Trump knows that. He wants an excuse for tariffs to tax the American people so he can siphon the revenue into his personal pot.
April 2, 2025 at 8:04 am
Tom:
Canada is not broke. In fact, our finances are the best in the G7. If you believe Trumps BS about the trade imbalance amounting to subsidies of Canada, you’ve been watching too much FOX news. The energy imports (which Trump claims not to need) are vital to the top half of the U.S. Cut off aluminium shipments and US aerospace and beverage can production go down the tubes.