Comparison of Import Certificates and Tariffs

Discussion in 'Economy' started by Supposn, Apr 30, 2018.

  1. Supposn
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    Supposn VIP Member

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    Comparison of Import Certificates and Tariffs:

    I'm among the proponents of the Wikipedia's described version of an “Import Certificates”.

    The policy's entire net costs are passed on to USA purchasers and users of imported goods which similarly can be done with a tariff policy.

    Unlike tariffs, REGARDLESS of how small of price additions to USA purchasers of imported goods, this policy will extremely significantly reduce, if not entirely eliminate USA's chronic annual trade deficits of goods while increasing our domestic production and numbers of jobs more than otherwise.

    Similarly to tariffs, this policies minimum sustainable net costs, (which are passed on to USA purchasers and users of imports) are at least the federal direct expenses due to the trade policy.

    Unlike tariffs, this unilateral trade policy is substantially more sensitive to market conditions rather than government determinations and is substantially IMMUNE from retaliation.

    Federal direct expenditures due to the policy are passed on as federal fee-rates to exporters of USA goods that choose, (not required to pay) in order to receive valuable transferable Import Certificates with face values equal to the assessed values of their shipped USA goods.

    Importers of goods are required to surrender the certificates with face values sufficient to cover the assessed values of their goods entering the USA.

    Surrendered certificates are canceled. The differences between the federal fee-rate and global certificate markets price-rates, serve as indirect but effective price subsidies of USA's exported goods at no additional cost to anyone.

    Eventually, both tariff and Import Certificate policies entire net costs are paid as increased prices of imported goods to USA purchasers and users of imported goods.

    Respectfully, Supposn
     
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  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Comparison of Import Certificates and Tariffs:

    They both increase the prices of imports.
    They both reduce our standard of living.

    Unlike tariffs, this unilateral trade policy is substantially more sensitive to market conditions rather than government determinations and is substantially IMMUNE from retaliation.

    You'd be subsidizing exports and punishing imports.
    You think trading partners won't retaliate?

    That's hilarious.
     
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  3. Supposn
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    Supposn VIP Member

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    Wikipedia's USA unilateral proposed “Import Certificates” policy would significantly reduce our trade deficit of goods n a manner that increases our domestic production and our numbers of jobs more than otherwise. That would not reduce our quality of life.

    A USA Import Certificate policy itself does not subsidize USA's exports but it would enable global markets' behaviors to effectively accomplish that task.

    Regarding retaliation within global trade, refer to
    http://www.usmessageboard.com/threads/retaliation-within-global-trade.679521/

    Respectfully, Supposn
     
  4. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    The differences between the federal fee-rate and global certificate markets price-rates, serve as indirect but effective price subsidies of USA's exported goods at no additional cost to anyone.

    Look at previous reactions to export subsidies.
    Look at previous reactions to subsidies for exporters.
    You'll notice your error.

    “Import Certificates” policy would significantly reduce our trade deficit of goods n a manner that increases our domestic production and our numbers of jobs more than otherwise. That would not reduce our quality of life.

    Reducing the amount of imports, raising the price of imports.

    What are 2 things that will reduce our standard of living?
     
  5. Supposn
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    Supposn VIP Member

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    ToddsterPatriot, did you find a previously enacted example of Wikipedia's Import Certificate concept?
    Due to a USA Import Certificate policy, markets' behaviors would effectively reduce prices of USA exported goods sold to foreign purchasers.

    Among what reduces USA's quality of life are poor public transportation and failing to maintain and update our public and semi-public infrastructures.
    Respectfully, Supposn
     
  6. Toddsterpatriot
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    ToddsterPatriot, did you find a previously enacted example of Wikipedia's Import Certificate concept?

    Was there a previous example that also raised prices of imports and reduced our standard of living?

    Due to a USA Import Certificate policy, markets' behaviors would effectively reduce prices of USA exported goods sold to foreign purchasers.

    Yes, our trading partners love it when we subsidize exports and punish imports. LOL!

    Among what reduces USA's quality of life are poor public transportation and failing to maintain and update our public and semi-public infrastructures.

    Yup. Those too.
     
  7. Supposn
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    ToddsterPatriot, you continue referring to a non-existing previous example; there's no example of global trade markets being affected by Wikipedia's “Import Certificates” concept or any other version of Import Certificate policy.

    Differing national trade policies affect their nation's global trade in differing manners. Nothing would entirely effect global trade in the same entire manner as would this version of Import Certificate policy.

    Annual trade deficits are always net detrimental to their nation's GDP.

    USA adoption of the Wikipedia's described Import Certificate policy would very significantly reduce our chronic annual trade deficits of goods while more than otherwise increasing our domestic products' productions. This consequentially increases our GDP and numbers of jobs more than otherwise.

    Respectfully, Supposn
     
  8. Toddsterpatriot
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    there's no example of global trade markets being affected by Wikipedia's “Import Certificates” concept or any other version of Import Certificate policy.

    Are there any examples of trading partners subsidizing exports?

    What happened when they did? Retaliation wise?

    Are there any examples of trading partners punishing imports?

    What happened when they did? Retaliation wise?
     
  9. Supposn
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    ToddsterPatriot, (1) It's contended differing national trade policies affect their nation's global trade in differing manners. Nothing would entirely effect a nation's global trade in the same entire manner as would this Wikipedia described version of Import Certificate policy. Do you disagree? Why would you disagree?

    (2) Regardless of your opinion, it is a fact that annual trade deficits are always net detrimental to their nation's GDP.

    (3) You disagree with the contention that USA adoption of the Wikipedia's described Import Certificate policy would very significantly reduce our chronic annual trade deficits of goods while more than otherwise increasing our domestic products' productions. This consequentially increases our GDP and numbers of jobs more than otherwise.


    (4) I would suppose you also believe that if statement (3) were correct, both short term and long term foreign trade retaliation would make USA's adoption of the Import Certificate proposal to be net detrimental to our economy? Is that supposition correct?

    Respectfully, Supposn
     
  10. Toddsterpatriot
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    Nothing would entirely effect a nation's global trade in the same entire manner as would this Wikipedia described version of Import Certificate policy.

    I agree, there would be huge impacts, many of them bad.

    Regardless of your opinion, it is a fact that annual trade deficits are always net detrimental to their nation's GDP.


    I've already shown you instances where they are beneficial.

    You disagree with the contention that USA adoption of the Wikipedia's described Import Certificate policy would very significantly reduce our chronic annual trade deficits


    I did? Where? I demand a link to a post where I did as you claim.

    while more than otherwise increasing our domestic products' productions.

    I made a suggestion that would increase our domestic production, reduce our trade deficit and increase GDP.
    You mocked my suggestion. I guess a reduced trade deficit and higher GDP isn't always enough for you.

    I would suppose you also believe that if statement (3) were correct, both short term and long term foreign trade retaliation would make USA's adoption of the Import Certificate proposal to be net detrimental to our economy? Is that supposition correct?

    Nope.
    Just pointing out the historical ignorance of your claim that the IC policy could not possibly result in retaliation.
     

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