Tariffs have been a big bugaboo ever since Trump has talked about them, but what is their real effect at the retail level? Most foreign goods are landed in the US at about 25% of their retail price. That means an item that sells for $100 actually costs about $25 to produce and ship over here. Since tariffs are assessed at the port of entry, a 20% tariff on this item only increases its cost by $5. This is a minor increase in relation to its retail price, but a major increase in costs for nations shipping cheap goods to the US and in revenues to the US Treasury. Isn't that a small price to pay to protect our economy?
A Word on Tariffs
- Thread starter jwoodie
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Dante
"The Libido for the Ugly"
Vrenn
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It all depends on the reason for the Tariff. I don't see a danged thing wrong with hitting China with a blanket 25% tariff while rewarding returning industry to the US with tax breaks. China hasn't played fair since Reagan opened it up for them with his deregulations.
Dante
"The Libido for the Ugly"
"Fair!"
Does the US government always play fair?
Most experts disagree with Trump's suppositions on tariffs. But he a self-proclaimed stable genius, so...
Vrenn
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"Fair!"
Does the US government always play fair?
Most experts disagree with Trump's suppositions on tariffs. But he a self-proclaimed stable genius, so...
He's a friggin moron. You can't use blanket tariffs unless there is also a carrot on the other end of the stick. We aren't forcing China (nor anyone else) to pay those tariffs. Those tariffs are against the goods shipped in by the manufacturers at the incoming port. The Orange Cheeto is just playing mean and nasty with little forethought on the end results except his sick idea of him winning. He is a loser and has zero idea on how to win.
Throughout US history, tariffs played an important part, but in today's climate, they only go so far -
They rend to be used as bargaining power which is what Trump does. The US has never been tariff free under any president.
Vrenn
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Yes, a bargaining chip. But he doesn't include the carrot. Here are the ONLY reasons for a Tariff.
1. You have a country dumping their good at either very little profit, offers and inferior product or sells them for less than it costs to make it to hurt the economy. Research US Steel and Aluminum.
2. In order have an effective tariff, the country you are going for must not have a decent alternative. Case in point, food crops and livestock. Brazil and Argentina's production costs just above what they US can do it for. That means China places a 25% tariff on the US goods and then cancels the US products in exchange for SA ag goods. And that is exactly what happened.
Vrenn
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No, I shouldn't need to give you a link. It's business 101.
You protect your industry by making things more tolerable than them going over seas. It's the Stick and the Carrot. Move your industry overseas and you get a tax on the products you send to the US. Move your company back to the US and get tax breaks.
I prefer links to read the full picture and not accept opinion.
So how do you employ Americans in industry if you move it to China?
Admiral Rockwell Tory
Diamond Member
Where was that said anywhere?
In post #10
Admiral Rockwell Tory
Diamond Member
It is a non-sensical question based on nothing. Is that what you are saying?
Let me educate you. It's based on the conversation. Protecting industry is the company themselves and the workforce. If you send American industry abroad, the most obvious 'slap in the face' question is, "So how do you employ Americans in industry if you move it to China?".
Did that basic question not cross your mind? Obviously not.
Admiral Rockwell Tory
Diamond Member
Who is moving their industry to China?
No one is moving, read the thread on if you move.
Admiral Rockwell Tory
Diamond Member
So you are referencing another thread? Where's the link?
No I'm not. Read the thread.
Admiral Rockwell Tory
Diamond Member
You asked the damn question!
How does Purolator, FRAM, and STP oil filters compared to Made in Pakistan oil filters -
Do they hire kids too? Is that why oil filters have a 2.5% tariff? Is 2.5% enough!!
Do they hire kids too? Is that why oil filters have a 2.5% tariff? Is 2.5% enough!!
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