Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Wednesday, August 6, 2025
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Trump’s tariff playbook comes with a baseball twist

August 6, 2025
in News
Reading Time: 3 mins read
A A
Trump’s tariff playbook comes with a baseball twist
0
SHARES
ShareShareShareShareShare

READ ALSO

Uber (UBER) Q2 2025 earnings

Are businesses ready for Gen Z parents?

First Lady Melania Trump (C) looks on as U.S. President Donald Trump as he dons his MAGA hat before greeting members of the military and their families during the Military Family Picnic on the South Lawn of the White House in Washington, DC, on July 4, 2025.

Brendan Smialowski | Afp | Getty Images

Say what you like about U.S. President Donald Trump’s leadership style and policies, but he has a way with words.

Trump’s love of deal-making and former career as a real estate magnate are both well-known, with the loquacious president often peppering his speeches and interviews with business-related terminology. Now, he’s turning to the sports world for inspiration when discussing the U.S.’ recent trade deals with global trading partners.

In a Tuesday interview with CNBC, the president likened billions of dollars’ worth of investments in the U.S. — pledged by Europe and Japan as part of their recent trade deals with Washington — to the “signing bonus” baseball players typically get when they join new teams.

“We’re taking in trillions of dollars,” Trump told CNBC’s “Squawk Box,” noting “people love the tariffs, they love the trade deals, and they love that foreign countries aren’t ripping us off anymore.”

“If you look at Japan, we’re taking in $550 billion, and that’s like a signing bonus that a baseball player would get. He would get slightly less than that … But they give a signing bonus of a million dollars, or $2 million or $20 million, or whatever the hell they give today,” he said.

“So I got a signing bonus from Japan of $550 billion. That’s our money. It’s our money to invest, as we like.” He also noted the European Union’s pledge to both invest in the U.S. and  buy $750 billion worth of American energy.

Trump’s tariff playbook comes with a baseball twist

The EU and U.S. announced a trade deal in late July with the agreement bringing import tariffs down to 15%. In addition, Washington said the EU “will purchase $750 billion in U.S. energy and make new investments of $600 billion in the United States, all by 2028.”

No other information was forthcoming on the promised investment, however. When CNBC anchors on Tuesday asked for more clarity, Trump said, “the details are $600 billion to invest in anything I want, anything, I can do anything I want with it.”

Asked what would happen if the investments did not come through, Trump said, “Well, then they pay tariffs at 35%. No, no. They brought down their tariffs.”

Speaking anecdotally, the White House leader said that representatives from other nations had asked why the EU had received a lower levy.

“And I said, ‘Well, because [the EU] gave me $600 billion.’ And that’s a gift — that’s not a loan. There’s nothing to pay back. They gave us $600 billion that we can invest in anything we want.”

Similarly, the U.S.’ trade deal with Tokyo stated emphatically that “Japan will invest $550 billion directed by the United States to rebuild and expand core American industries.”

President Trump: People love the tariffs

The White House said the funds will be targeted toward “the revitalization of America’s strategic industrial base,” including energy infrastructure and production, semiconductor manufacturing, critical minerals mining, pharmaceutical and medical production and commercial and defense shipbuilding, as the U.S. looks to reduce its reliance on foreign-made goods, materials and suppliers.

Credit: Source link

ShareTweetSendSharePin
Previous Post

Nathan Eovaldi completely dominates struggling Yankees

Next Post

Starbucks’ stock is being pummelled by Trump’s coffee tariffs while the rest of the market soars

Related Posts

Uber (UBER) Q2 2025 earnings
News

Uber (UBER) Q2 2025 earnings

August 6, 2025
Are businesses ready for Gen Z parents?
News

Are businesses ready for Gen Z parents?

August 6, 2025
Singaporeans are avoiding the U.S. more than other Asian travelers
News

Singaporeans are avoiding the U.S. more than other Asian travelers

August 6, 2025
Hinge Heatlh (HNGE) Q2 2025 earnings
News

Hinge Heatlh (HNGE) Q2 2025 earnings

August 6, 2025
Super Micro (SMCI) Q4 earnings report 2025
News

Super Micro (SMCI) Q4 earnings report 2025

August 6, 2025
How 39% Swiss tariffs will hit prices
News

How 39% Swiss tariffs will hit prices

August 5, 2025
Next Post
Starbucks’ stock is being pummelled by Trump’s coffee tariffs while the rest of the market soars

Starbucks' stock is being pummelled by Trump’s coffee tariffs while the rest of the market soars

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Central banks are buying gold from local mines amid record prices

Central banks are buying gold from local mines amid record prices

July 16, 2025
Cam Ward gives blunt assessment of ‘very mid’ Titans offense

Cam Ward gives blunt assessment of ‘very mid’ Titans offense

August 1, 2025
Our favorite Logitech mouse is  off right now

Our favorite Logitech mouse is $40 off right now

July 29, 2025
Gleyber Torres putting his Yankees past behind him in All Star Tigers season

Gleyber Torres putting his Yankees past behind him in All Star Tigers season

July 16, 2025
What worries media mogul Rogers

What worries media mogul Rogers

July 26, 2025
Shohei Ohtani homers in fifth game in row, tying Dodgers franchise record

Shohei Ohtani homers in fifth game in row, tying Dodgers franchise record

July 24, 2025
Here are our top picks so far

Here are our top picks so far

July 8, 2025

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • new phones, foldables and watches at the Made by Google event
  • Mets made ‘substantial’ push to land Mason Miller before Padres trade
  • The ultra-wealthy expect hotel-level amenities for their homes—and developers are racing to keep up
  • Uber (UBER) Q2 2025 earnings

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In