Will Trump’s Tariff Mania Continue

July 13, 2018

Jeff Diest, President of the Mises Institute discusses the ongoing tariff mania thanks to Trump. We look at Trump’s mentality dating back to his past business dealings and what we can expect down the road. The whole trade war topic is much bigger than the day to day back and forth that we hear.

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    Jul 13, 2018 13:30 AM

    Celente on blockchain democracy:

    Jul 13, 2018 13:01 AM

    long NEPT

    Jul 13, 2018 13:48 AM

    Jeff Diest is a gentleman in all ways evident. He can call trump an idiot without using the words. trump could learn a lot from this man but he’s too stuck in his backward ways. Enough said. Thanks Cory for the interview. JMO

    Jul 13, 2018 13:10 AM

    I believe Diest totally misunderstands Trump.
    I lived in Westchester county for a few years and Trump has “street-smarts” typical of some successful New Yorkers. He takes excessive risks at times, but they are calculated risks.
    I did not vote for Trump and had views similar to Diest for quite a while, but have raised my valuation of Trump, as I have watched him more closely. I believe many underestimate his abilities.

      Jul 13, 2018 13:55 PM

      Trump has laid it on the table: REAL FREE TRADE or TARIFFS. Surely, Diest knows this.

    Jul 13, 2018 13:05 AM

    Jeff has been consistently wrong regarding Trump. He certainly can’t understand the long game of Trump. It’s economic common sense, in a world where common sense isn’t common anymore. Some call it 4D chess, but it’s all about fundamental economics and national sovereignty.

      Jul 13, 2018 13:26 AM

      There is no evidence that Deist has been wrong about Trump in any significant way but there IS evidence that Trump does not have a handle on “fundamental economics.”

        Jul 13, 2018 13:40 AM

        No evidence? Just listen to all of Jeffs comments. Wrong every time.

        No evidence? Trump has billions of performing assets.
        Deregulation, cut taxes, ballancing trade deficits, yup, nada.

          Jul 13, 2018 13:53 AM

          You have no understanding either, only delusions. Making billions does not require that you understand economics. It doesn’t necessarily even require that you understand markets.

          As for your deregulation, tax cuts, etc, you’re making a mountain out of one tiny molehill.
          How about the most pernicious tax of all — inflation? You think Trump has a problem with the (Marxist) central bank? If so, you’re even more delusional than I thought.

            Jul 13, 2018 13:00 AM

            You’ll see the fed get nationalized and the treasury take over monetary policy. Watch and see. Donald tells the fed how the cows eat cabbage. He’s not like the last gaggle of traitors.

            Jul 13, 2018 13:06 AM

            Oh geez, I agree with Matthew on this. You are off the rails if you think Trump will nationalize the FED, lol. He’s far more likely to nationalize Newmont (at fire sale prices too!). Jamie will be cheerleading the whole way! Now that is the art of the deal!

            Jul 13, 2018 13:10 AM

            Re: “You’ll see the fed get nationalized and the treasury take over monetary policy.”

            Like I said, you have no understanding yourself. Nationalizing the Fed and handing control over monetary policy to the Treasury would fix precisely nothing.

            If Trump were for real, he’d be arguing against the existence of a central bank and he’d keep the gov out of the money manipulation business.

            Jul 13, 2018 13:15 AM

            And the NYSE is going to new highs, right? Heh, ..right)
            The derivative bubble is drifting to the pin.

            If you think the owners of the fed like Donald Trump, you can’t follow the bouncing ball worth a sh t.

            Jul 13, 2018 13:40 AM

            And you, Chartster, have an infantile view of reality if you think the owners of the Fed have any problem with Trump at all.

            Jul 13, 2018 13:00 AM

            You’re going to start hearing the term “reflation” thrown around soon. What reflation means is a change of monetary policy. That means no debt instruments. Overinflated assets go to real value (derivative bubble). Real assets have real value base on supply and demand.
            It won’t be deflation or inflation at all. The debt based monetary cycle is at its end. You of all people should be happy about that.

            I really don’t need to debate this fact. You’ll see.

            Jul 13, 2018 13:08 AM

            Oy vey

            “Reflation is the act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically price level) back up to the long-term trend, following a dip in the business cycle.”

            There is nothing sound about reflation and no real conservative would be for it. Such manipulations amount to centralized control; authoritarianism (the domain of the left).

        Jul 13, 2018 13:43 PM

        you don’t think it stretches credulity for a person “lacking a handle on fundamental economics” to become a billionaire?
        I understand your opinion; but it does not fit known facts: Trump is a billionaire, ergo he must have some grasp on economics.

          Jul 13, 2018 13:27 PM

          Big mistake on your part. Countless businessman don’t know a thing about economics. They about business — their business, and marketing. You certainly don’t need to know who Mises was or what’s wrong with the Keynesian school to do well in real estate. Then there’s cronyism. You need to know even less about economics if you have the right friends.

          Jul 13, 2018 13:29 PM

          Btw, traders, and many other market operators, don’t need to know squat about economics, and most don’t.

    Jul 13, 2018 13:21 AM

    Daraa Depot Uncovered: Massive Weapons and Ammo Cache Left Behind Prove West Funded Terror

    Ameicans supporting isis,

    Trump dropping more bombs than Clinton and Obama, its gonna take a little bit of evidence for me to believe Trump is not a puppet of Israel and or the deep state.

      Jul 13, 2018 13:33 AM

      BS, b, It proves only that US weapons were used by the rebels.


      Since the U.S. is one of the biggest arms sellers, is it surprising U.S. made arms are found all over the world?

      E.g. If Iran funded the purchase of weapons, where do tou think Iran might buy weapons?
      (NOTE: I am not saying Iran funded anything, just what if.)

        Jul 13, 2018 13:43 AM

        b, oops… took only a couple of minutes to show problems with your allegation….
        Syrian Army Reportedly Seizes French-Made Anti-Tank Missile Systems in Daraa

        Do you want to explain why the US would provide French-made weapons?

          Jul 13, 2018 13:54 PM

          cfs, i didnt and nobody else did, say that americans supplied french made weapons.

          The west is supplying these scumbags, the americans are merely the leaders of it.

          Heck, even canada is supplying arms to Saudi.

          Same thing, isis.

          Well, you could say wahabi is its own sickness I suppose.

          If you followed what happens in Syria for awhile, you would find that all the names of the “rebels”, isis, al nusra, al sham or bingo bongo etc etc are inter changeable.

          They’re all the same guys, and we supply them all depending on which day of the week it is, oops, depending on what deal is made with whom.

          And innocent ol Israel? Just following the standard Yinon plan.

        Jul 13, 2018 13:56 AM

        B, every nation is run by puppet masters.

          Jul 13, 2018 13:54 PM

          no kidding.

        Jul 13, 2018 13:22 PM


        You sound like a broken record. You might learn something if you took the ear plugs out and dropped the blinders.

        The US and Israel clearly not only supported ISIS and anyone willing to take up arms against the legal and democratically elected government of Syria, they funded them. Even the EU has woken to the fact that rather than being an anti ISIS force, the US has literally invaded Syria illegally.

        Dose this sound familiar? It came from a document written 22 years ago.

        “Israel can shape its strategic environment, in cooperation with Turkey and Jordan, by weakening, containing, and even rolling back Syria.”

        Donald Trump is owned and operated by Sheldon Adelson on behalf of the monsters running Israel.

        It’s one of those minor legal details but both Russia and Iran are in Syria at the invitation of Assad and they defeated ISIS after the US spent years doing little more than masturbating.

        I was a combat pilot. I could have ended those miles long convoys of tanker trucks driving into Turkey with a couple of flights loaded with 20 Mike Mike.

          Jul 13, 2018 13:25 PM

          I fully recognize individuals from many countries supported ISIS.

          I have yet to see evidence that Trump supported ISIS.

          I don’t doubt Obama (whom I consider a traitor to the US) supported ISIS.

          I treated the Presidents, however, and leaders of all countries as individuals, with different policies and goals.

            Jul 13, 2018 13:58 PM

            Yes it was Obama, McCain, and Hillary who created ISIS to overthrow Assad. It was Obama who refused to bomb the ISIS convoys.

      Jul 13, 2018 13:35 AM

      Where is your evidence Trump is dropping bombs?

      Where is your evidence it is more bombs than Clinton or Obama?

        Jul 13, 2018 13:28 PM

        There is extensive evidence that Trump and Putin spoke to each other about Syria and Trump did not interfere with Russian aid to Syria in fighting ISIS.

          Jul 13, 2018 13:01 PM

          Trump’s Military Drops a Bomb Every 12 Minutes … – Global Research
          Jun 21, 2018 – Trump’s Military Drops a Bomb Every 12 Minutes, and No One Is …. Under Trump, five bombs are dropped per hour—every hour of every day.

          Ya only need to look cfs, course ya gotta hear about it first before ya know what to look for.

          Jul 13, 2018 13:09 PM

          Trump has interfered with the Russians fighting isis , remember the 59 tomahawks?

          More times than that but thats the one that hit the news.

        Jul 13, 2018 13:58 PM

        Trump’s Military Drops a Bomb Every 12 Minutes, and No One Is ……/trumps-military-drops-a-bomb-every-12-minutes-and-...
        Jun 20, 2018 – Trump’s Military Drops a Bomb Every 12 Minutes, and No One Is Talking About It. Trump’s Military Drops a Bomb Every 12 Minutes, and No One …

        Jul 13, 2018 13:59 PM

        Every 12 Minutes, the United States Drops a Bomb Somewhere…/29382-every-12-minutes-the-united-states-drops-…
        Jun 26, 2018 – That works out to 121 bombs per day or one every 12 minutes. If Trump maintains this rate for the remainder of his presidency, he will easily …

    Jul 13, 2018 13:27 AM

    Rosenstein indicts Russians for election crimes.

    Jul 13, 2018 13:29 PM


    Listening to Rod Rosenstein testify in front of Congress in the past couple of weeks and seeing Comey talk and now Peter Strzok makes me realize just how corrupt and arrogant the DOJ and FBI have become.

    They tried to derail Trump before the election and to start a coup after the election on the basis that the FBI and DOJ should determine who the president should be.

    Their continuing arrogance is nothing short of remarkable. No mention is made of HC’s illegal use of a server and lies under oath. Huma Abadin hasn’t been charged. No one has in the server issue and it clearly violated all the laws regarding classified information.

    I can only conclude they have knowledge they threaten to disclose that would start a revolution the next day. It’s probably the real story about who did 911.

    Jul 13, 2018 13:04 PM

    Mr. Moriarty, it worries me that statements from the DOJ/FBI contradict statements by Assange.
    I have never found Assange, ever, to be proven to mis-state the truth.

    Am I logically to conclude that US officials may not always be truthful?

      Jul 13, 2018 13:35 PM

      The charges filed today are entirely political in nature in order to torpedo any progress between Trump and Putin. You do not have to believe Assange, I do but it’s meaningless. The emails taken from the DNC server were removed by a physical device, not via electronic transmission. Someone plugged a USB chip in and downloaded the data.

      The DOJ, FBI and CIA have been lying through their teeth about everything both before and since the election.

      I would only be shocked if someone testified that the US doesn’t do a lot more interfering in the elections of other nations. We invade countries that are no threat to us on behalf of a foreign power, we stage coups and finance the same terrorists we claim to be against. For certain it’s end of empire.

        Jul 13, 2018 13:03 PM

        Mr. Moriarty,
        I can’t prove it, but I agree with every point you made in the 1:35 p.m. paragraph is probable.

      Jul 13, 2018 13:06 PM

      CFS, you can conclude that for sure. FDR, LBJ, Bill Clinton, Obama, and both Bushes were all pathological liars. Don’t believe anything the government tells you.

    Jul 13, 2018 13:08 PM

    Anyone with an average number of brain cells should doubt the official story of 911.
    (e.g. Building 7. Or the fact that NEVER in the history of steel frame buildings has one similarly collapsed due to fire.)
    The true story, however, be now be impossible to verify.

    Jul 13, 2018 13:18 PM

    If Rosenstein is correct in identifying 10 Russians of trying to corrupt the 2016 elections, my questions immediately are:

    1. Was this authorized by Putin, or is it a rogue group within Russia.
    2. Why would the Russians want Trump elected?

    3. Did the indicted Russians, knowing how corrupt and criminal Hillary Clinton had behaved, perhaps want to aid the U. S. by trying to stop her winning the presidency?

    Jul 13, 2018 13:36 PM


    Rosenstein just announced the equivalent of the FBI discovering the sun rises in the east. And just as meaningful.

      Jul 13, 2018 13:08 PM

      Rosenstein did not actually say much, I agree.
      He certainly provided little evidence to back up allegations.
      I hope the grand Jury contains intelligent people, who actually saw evidence.

        Jul 15, 2018 15:05 AM


        Grand Jurys are meaningless. It is said that a good prosecutor can get a grand jury to indict a ham sandwich. Not a one of them will ever be tried. It’s a political staged event to torpedo the talks with Putin and Trump. The Deep State strikes once again.

    Jul 13, 2018 13:16 PM

    THESSALONIKI, Greece (AP) — A Greek court agreed Friday to extradite a Russian cybercrime suspect to France, a decision the Russian government protested and which could further sour relations between the two countries after Greece expelled two Russian diplomats.

    That was quick!
    Russia Blasts Greece Over Cybercrime Suspect’s Extradition
    By COSTAS KANTOURIS – Associated Press – Fri Jul 13, 1:42PM CDT

    The court in the northern city of Thessaloniki ruled in favor of France’s request to take custody of Alexander Vinnik, a former bitcoin operator who was arrested in Greece last year on a U.S.-issued warrant. Vinnik, 38, also is wanted on criminal charges in the United States and Russia.

    Jul 13, 2018 13:03 PM

    Is this joker for screwing the blue collar guy by shipping our jobs to China? oh that’s worked out well……

    Jul 13, 2018 13:57 PM

    Jeff, Trump wants FREE TRADE. What he has exposed is NO ONE ELSE WANTS IT.

    Jul 13, 2018 13:10 PM

    Introduced to the House Judiciary Committee by Rep. Dan Donovan (R-NY) and co-sponsored by Peter King (R-NY), Ted Budd (R-NC) and Paul Gosar (R-AZ). H.R. 6054, the “Unmasking Antifa Act of 2018” states:

    Whoever, whether or not acting under color of law, while in disguise, including while wearing a mask, injures, oppresses, threatens, or intimidates any person in any State, Territory, Commonwealth, Possession, or District in the free exercise or enjoyment of any right or privilege secured to him by the Constitution or laws of the United States, or because of his having so exercised the same, shall be fined under this title, imprisoned not more than 15 years, or both.

    The bill also includes 2 years of jail time for “Destroying buildings or property” while wearing a mask or disguise.