AND your can of beer Repubs will be up in armsBut this won't raise the cost of my next Lexus will it?Good, lord. So rather than putting a tariff on value-added products, finished goods, he taxes raw materials, thus ensuring that the economic impacts of the tariff flows through the entire supply chain. That's brilliant. NOT!!! It's flat-out stupid.
When a large importing country implements a tariff it will cause an increase in the price of the good on the domestic market and a decrease in the price in the rest of the world. But since Trump wants to impose the tariff on raw materials, it'll raise not only the price of steel and aluminum in the U.S., but also the price of everything made from that steel and aluminum.
As for who will bear the incidence of the tax/tariff, well, that depends on the elasticity of demand and the elasticity of supply for each given product class, and in some instances, each differentiable product.
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President Trump announces new tariffs: 25% for steel, 10% for aluminum
The Free Market people lost in the primaries.
Did you miss all of that? Plenty of debate about it.
And for good reason.
Yep. The statist won, sorry I forgot. My bad
Sent from my iPhone using USMessageBoard.com
Bending over to be fucked by our trade "partners" is no freedom.
- Banned
- #63
That is one of two possible outcomes.Why? Everything that uses steel is about to cost 25% more. A fun, new way for Americans to lose moneyIt's already regained half of what it initially lost. Just hold onto your panties before you get too excited about Americans losing money.he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
and the stock market tanked.
go idiots!
The steel industry has two options here. Do not raise prices by 25% and ensure the growth of the industry in the US.
Or
Raise their prices by the tariff margin and ensure that the Chineese remain the top seller in the U.S.
Which would you choose if it were up to you?
he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
Ha.Ha.--So he's starting a trade war. Tariff's and taxes have never created a single job in this country, but they're great for job loss's.
The offended countries will just put taxes and tariff's on American made products, sending the cost's of products skyrocketing to the consumers. Prices skyrocket, the Fed raises interest rates to combat inflation. Consumers tuck in---stop spending and here come the job lay-offs.
The Smoot Hawley tariff of the Great Depression in the 1930's is very well known for making that depression last much longer than it should have.
The Smoot-Hawley Tariff and the Great Depression | Theodore Phalan, Deema Yazigi, Thomas Rustici
You have elected an economic MORON!
Last edited:
Yeah they’ll just pay way more for U.S. steel and give consumers a discount as a rewardhe just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
Of course these costs will get immediately passed on to consumers, which always happens whenever tariffs are raised.
not if they change sources to American manufacturers.
Easy way to avoid the tax.
Sorry if paying workers a decent wage is personally offensive to you.
True gramps It was overdone and I picked up a few BUT tariffs will bring up prices Even his own man Cohen was against itWhy don't you let the dust settle before you claim victory ffs. The stocks could very well bounce back.only 548 as of now Tariffs?? There goes the tax breakshe just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
Yeah, and the stock market is tanking.
TyroneSlothrop
Diamond Member
- Banned
- #67
Amanda Katz @katzish Impressed by Trump's quick-witted move to disrupt "White House in chaos" narrative with "plunging stock market" narrative
2:34 PM - Mar 1, 2018
That is one of two possible outcomes.Why? Everything that uses steel is about to cost 25% more. A fun, new way for Americans to lose moneyIt's already regained half of what it initially lost. Just hold onto your panties before you get too excited about Americans losing money.he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
and the stock market tanked.
go idiots!
The steel industry has two options here. Do not raise prices by 25% and ensure the growth of the industry in the US.
Or
Raise their prices by the tariff margin and ensure that the Chineese remain the top seller in the U.S.
Which would you choose if it were up to you?
Or they can raise their prices up to just under what Chinese prices are, with the tariff (say, 24%).
not if they change sources to American manufacturers.
Moron, that's not how it works.
Sure it is. Tariffs are on IMPORTS.
American steel is not IMPORTED.
he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
Of course these costs will get immediately passed on to consumers, which always happens whenever tariffs are raised.
not if they change sources to American manufacturers.
Easy way to avoid the tax.
Do you know why manufacturers buy imported steel?
It's because American steel is more expensive.
If these tariffs are passed, prices are going up on anything made with steel - and we as a country will be less competitive in the international markets.
That is one of two possible outcomes.Why? Everything that uses steel is about to cost 25% more. A fun, new way for Americans to lose moneyIt's already regained half of what it initially lost. Just hold onto your panties before you get too excited about Americans losing money.he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
and the stock market tanked.
go idiots!
The steel industry has two options here. Do not raise prices by 25% and ensure the growth of the industry in the US.
Or
Raise their prices by the tariff margin and ensure that the Chineese remain the top seller in the U.S.
Which would you choose if it were up to you?
Or they can raise their prices up to just under what Chinese prices are, with the tariff (say, 24%).
I'm sure that some of them will think that undercutting their competitors by ONE MASSIVE PERCENT, is the way to do business.
Hopefully, not all of them.
he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
Of course these costs will get immediately passed on to consumers, which always happens whenever tariffs are raised.
not if they change sources to American manufacturers.
Easy way to avoid the tax.
Do you know why manufacturers buy imported steel?
It's because American steel is more expensive.
If these tariffs are passed, prices are going up on anything made with steel - and we as a country will be less competitive in the international markets.
Based on the way the trade deficit is always rising, to new and more absurd levels, we can't compete regardless.
- Banned
- #73
Imo that would not lead to sustained growth. Tariffs are not permanent and at some point they are going to have to compete on a level playing field while still expandingThat is one of two possible outcomes.Why? Everything that uses steel is about to cost 25% more. A fun, new way for Americans to lose moneyIt's already regained half of what it initially lost. Just hold onto your panties before you get too excited about Americans losing money.he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
and the stock market tanked.
go idiots!
The steel industry has two options here. Do not raise prices by 25% and ensure the growth of the industry in the US.
Or
Raise their prices by the tariff margin and ensure that the Chineese remain the top seller in the U.S.
Which would you choose if it were up to you?
Or they can raise their prices up to just under what Chinese prices are, with the tariff (say, 24%).
The Sage of Main Street
Gold Member
Loot and ScootShould we allow other countries like communist China to dump steel in the U.S. killing jobs for American workers? That's what liberals in this thread are saying. If China dumping steel into the U.S. was hurting illegals the liberals would be in an uproar.
Get back with us at the end of the year and again tell us how these tariffs are the greatest thing since sliced bread.
Your faction of Republicans lost to the likes of LBJ, Carter, Clinton, and Obama. Free Traders are traitors; Americans have awakened and we will put Greedheads on the guillotine stand.
Wry Catcher
Diamond Member
- Banned
- #75
he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
And down go the Markets.
Once again I need to point out that emotional responses to real world issues by Trump lead to unintended consequences. The POTUS is in crisis, he is inept and is incompetent and Chaos continues to reign.
The2ndAmendment
Gold Member
Great. We've been needing a good trade war. MAGA!!!!
View attachment 179718
We've been in a trade war for over a decade with currency manipulators.
he just fullfilled another campaign promise!
https://www.washingtonpost.com/news...num-imports/?tid=ss_tw&utm_term=.901513c38611
And down go the Markets.
Once again I need to point out that emotional responses to real world issues by Trump lead to unintended consequences. The POTUS is in crisis, he is inept and is incompetent and Chaos continues to reign.
Trade is supposed to be mutually beneficial.
Why should we put up with ever rising trade deficits that are killing our middle class and working poor?
Thank goodness we are going to start protecting at least some of our industries the same way that so many other countries protect theirs. It's about time.
American industry thrived and expanded under protective tariffs for decades, especially starting with Abraham Lincoln.
American industry thrived and expanded under protective tariffs for decades, especially starting with Abraham Lincoln.
Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
- 1,130
The Free Market people lost in the primaries.
Did you miss all of that? Plenty of debate about it.
And for good reason.
Yep. The statist won, sorry I forgot. My bad
Sent from my iPhone using USMessageBoard.com
Bending over to be fucked by our trade "partners" is no freedom.
Interesting way you describe them practically giving us their resources. You must hate Christmas.
not if they change sources to American manufacturers.
Moron, that's not how it works.
Sure it is. Tariffs are on IMPORTS.
American steel is not IMPORTED.
What do you think the Tarrifed countries are going to do with American exports--
You know like General Motors--that send their cars overseas to sell? What about General Electric who send their products overseas to sell? And all the other corporations in this country that sell products overseas.Do you people actually believe that if we're taxing their products by 25% they won't do the same to American products?
The only people that get a stick shoved up a dark spot are American consumers--as prices on products will skyrocket--which the FED comes in quickly, raises interest rates to combat inflation, and then consumers stop spending and then comes the massive job lay-offs.
This is what we call a trade war, that have never created a single job in this country but are great for job loss's.
The Smoot Hawley tariff of the Great Depression is responsible for making that depression last much longer than it should have.
The Smoot-Hawley Tariff and the Great Depression | Theodore Phalan, Deema Yazigi, Thomas Rustici
You have elected an economic MORON.
Last edited:
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