Donald Trump has continually insisted that deals over his tariffs are coming.
Donald Trump claimed Tuesday that the U.S. doesn’t “have to sign” any trade deals, inadvertently admitting that his administration hasn’t made any progress during the 90-day pause on his disastrous tariffs.
During a tense meeting to discuss tariffs with Canadian Prime Minister Mark Carney, the president attempted to move the goal posts on actually completing any agreements with foreign countries.
“Everyone says, ‘When, when, when, are you going to sign deals?’ We don’t have to sign deals!” Trump said.
Trump: we’ve made over 200 trade deals
Everyone: with who?
Trump: she goes to another school
Emperor has no clothes. Nazis don’t care.
Dday part 2 coming soon.
Made deal with 200 nations? Yeah, imagiNations.
Wakanda, Narnia, Atlantis, Mordor, New Crobuzon, Dis, Sodom & Gomora, flavortown, that isle where all gay man live, the underworld and belgium.
“We don’t have to sign deals. They have to sign deals with us. They want a piece of our market, we don’t want a piece of their market. We don’t care about their market. They want a piece of our market,” Trump rambled.
“Trump rambled” is the best attribution for trump quotes.
If we don’t care about their market, why are we trying to balance trade?
Trump doesn’t. He just wants vassal states.
‘We don’t care about their market’ is such a self indictment of his understanding of global trade.
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You can direct your investments in your 401k to international funds much more easily
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Everyone talks about the yuan, but it’s the euro.
Done and done. Thanks for the tip, fellow lemming.
Just an FYI, do be aware that this could have tax implications depending where you put your money and your personal tax liability.
Understanding Taxation of Foreign Investments
- I am not a tax accountant.
Yeah, I think my 401k provider probably thought of that when putting together their international funds offerings
True, and as long as expense ratios are the same or lower than your US index/mutual fund then your only real issue is if the US market rebounds and outperforms your portfolio if you had diversified more.
And the expense ratio’s can vary a lot. For example Fidelity shows the exp. ratio of ($0.08 per $1,000) 0.008% for their Index Equity Fund, where their International Equity Fund has an exp. ratio of ($4.02 per $1,000) 0.402%.
Even small differences in fees can have a huge effect over time. Say you’ve invested $100,000 at a 7% annual return: A fund with a 0.80% expense ratio could eat up $70,000 more of your returns over 30 years than a fund with a 0.40% expense ratio.
Source: How to Invest Your 401(k) and Best 401(k) Investments
Fund Name Ticker Net Expense Ratio American Funds New Perspective R62 RNPGX 0.41% American Funds New World R62 RNWGX 0.57% iShares MSCI EAFE International Index K BTMKX 0.05% Janus Henderson Global Equity Income N HFQRX 0.70% Vanguard Emerging Markets Stock Index Adm VEMAX 0.13% Capital Group EuroPacific Growth SA N/A 0.41%
Yes, you’re not not going to have any foreign tax obligations owning a mutual fund in your 401k
