Mac1958
Diamond Member
It's the Dunning-Kruger administration.
Are Tariffs A Good Idea?
- Thread starter SaxonJackson
- Start date
Trade WARS are never good. Tariffs can be positive if a scalpel is used to promote one (or a few) products we need to generate growth in.
Having said that, Trump is a total incompetent idiot that does not know his ass from a hole on the ground and what he is doing is going to generate trade disasters.
No nation can produce all the parts needed to build a product. Each nation has some specialty that they are good at. As such, working together on trade (like we have done with Canada and Mexico for the past 30 years) offers more benefits than negatives. Yes, some items need to be "tariffed" but not the "blanket" tariff war that is built more on revenge than on intelligent thought.
You will soon see just how much damage Trump will cause with this. The worst part of it all, is that often, making mistakes is a learning experience that gives us knowledge on how to do things better. In Trump's case and him being a narcissist to the nth degree, he never learns from his mistakes. What he does mostly is repeat his mistakes to the nth degree and then when the damage is done (and can't be reversed), he will blame others for the problem.
This man is a walking catastrophe. You will soon see for yourself. You too will feel the pain.
I see the exact opposite of tariffs as the most ideal form of taxes. A system where exports are taxed, not imports. Extreme examples are countries of the Middle East which use their oil resources to pass on their government spending and tax burdens to other countries.
Tariffs used sparingly to protect a very few select industries seems reasonable as long as they do not promote the gouging of Americans by those protected industries.
Tariffs used sparingly to protect a very few select industries seems reasonable as long as they do not promote the gouging of Americans by those protected industries.
schmidlap
Platinum Member
- Oct 30, 2020
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Toddsterpatriot
Diamond Member
How/Why are you happy with the direction he is taking our economy? It doesn't seem well thought out. On again off again tariffs are fucking with the economy. The stock market is tanking. And if he does across the board tariffs, your prices are going to go up.
With cars, almost every car made in America has parts that come from other countries. You want all those parts companies to come back to America? You think that's realistic?
Have Republicans thought this through? If we only buy American, the rest of the world won't buy from us. If we aren't trading with them, they'll find someone else who will. So we are going to give up all our international customers? Or do you think they will buy from us no matter what? Because you would be wrong to think that.
I think you are being conned. They say what he's doing is going to pay off, in 2 years? Imagine if Kamala were doing this and told you to trust her. Would you? Of course not. You'd be calling for her to be impeached.
And with all the illegals gone, how come wages aren't going up? Instead we see Republicans introducing bills to allow 14 year olds to work 10pm to 6am on a school night. I thought the day illegals left there would be job postings offering American wages to American workers. No?
eagle1462010
Diamond Member
- May 17, 2013
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They moved auto manufacturing here.
Admiral Rockwell Tory
Diamond Member
Don't buy imported goods and the price will come back down.
Admiral Rockwell Tory
Diamond Member
Tariffs get paid to the US government. If the importing countries sell them at a higher price, that's on them and encourages people to buy American. The money from the tariff will offset any increased prices by being used to lower the deficit and inflation.
The tariffs are paid by Americans.
Admiral Rockwell Tory
Diamond Member
Bullshit. Apparently, you have bought into liberal disinformation. If you don't buy the products at the increased prices, you don't pat shit! You buy American. The imported shit sits on a shelf because it costs more. They get a better product in most cases and keep your neighbors employed.
schmidlap
Platinum Member
- Oct 30, 2020
- 10,882
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Trump, in scientific, medical, and seemingly every other academic discipline, deludes himself and his lickspittles into believing that he knows more than the experts.
Economics is no exception.
In fact, there is no record of even a single doctor ever asking him this. Just as there is no evidence of Black immigrants eating pet dogs and cats in Springfield, OH, or anywhere else in the country, nor any of his inexplicable stolen landslide in the 2020 presidential election that was certified by every state and Congress.
The cult leader brays, "Pull my finger!" and they do so every time, his tariff fantasy no exception.
time.com
Economics is no exception.
The cult leader brays, "Pull my finger!" and they do so every time, his tariff fantasy no exception.
... While Trump has promised that his new tariffs will pressure companies to open more factories inside the U.S. and lead to better trade deals with other countries, prominent economists and researchers for banks predict the new tariffs will lead to fewer jobs, a higher unemployment rate, and a drop in the U.S. gross domestic product.
Trump relished taking credit for moving the stock market. During his first term he routinely told supporters ... Since the election, the stock market has surged!”
That’s changed. Since Trump took office, the stock market has faltered. The uncertainty around Trump’s vows to move forward with punishing tariffs on imports has rattled investors; the S&P 500 and Nasdaq just finished out their worst quarter since 2022. And new polling shows that Americans are losing faith in how Trump is handling the economy...
Recent polling has shown that an increasing number of Americans are worried about the impact Trump’s actions are having on the U.S. economy. A Fox News poll conducted in mid-March found that 53% of voters thought tariffs harm the U.S. economy and 28% believed they help. The poll also found 69% of voters think tariffs make products more expensive, a view shared by mainstream economists. An AP-NORC pool conducted at the end of March found that 60% of US adults disapprove of Trump’s handling of trade negotiations.
Trump's Polling Takes a Hit Ahead of Tariff Announcement
Trump is expected to announce sweeping tariffs at a Wednesday Rose Garden ceremony that he’s promoting as “Liberation Day.”
time.com
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Rambunctious
Diamond Member
- Jan 19, 2010
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The democrats are fighting very hard to block the Tariffs... they are almost in a frenzy over it... if tariffs will cause so much harm why don't they just let it happen and win the next elections?.... I think I may know why...
The dems have cooked up a way to get rich from other nations like China for keeping tariffs from going into effect for decades and they are afraid it will leak out... and the money will dry up... money they use to steal elections and pad their accounts....
The dems have cooked up a way to get rich from other nations like China for keeping tariffs from going into effect for decades and they are afraid it will leak out... and the money will dry up... money they use to steal elections and pad their accounts....
eagle1462010
Diamond Member
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They are bringing the U.S. down for the WEF. Not to mention laundering their asses off.
I believe Ronald Reagan had a more realistic view of tariffs than does Trump. But only time will tell.
Ronald Reagan on tariffs:
“You see, at first, when someone says, ‘Let’s impose tariffs on foreign imports,’ it looks like they’re doing the patriotic thing by protecting American products and jobs. And sometimes for a short while it works —but only for a short time.”
”What eventually occurs is: First, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars.
“The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.”
“Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.”
Ronald Reagan on tariffs:
“You see, at first, when someone says, ‘Let’s impose tariffs on foreign imports,’ it looks like they’re doing the patriotic thing by protecting American products and jobs. And sometimes for a short while it works —but only for a short time.”
”What eventually occurs is: First, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars.
“The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying.”
“Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.”
- Thread starter
- #416
Too early to say if Trump's economic plan will have positive, long-term results. Will it turn out to be a complete flop or blunder or will we witness the greatest economic recovery since the golden age of American manufacturing?
I remember the Clinton/Bush era of Globalism and "free trade" agreements that sent American manufacturers overseas at a record pace. They (Globalist politicians & amoral businesses) basically took advantage of the Chinese sweat shops which resulted in low quality goods at extremely cheap prices. Now nearly everything comes from China or India and American companies can hardly compete.
Not only are foreign companies killing us on the price war but other companies have placed obscenely high tariffs on the USA while squawking when we dare reciprocate.
As it stands, we clearly have to endure some growing pains while Trump's economic adjustment takes shape. The Democrats and RINOS didn't destroy the American economy overnight. It took decades for their anti-American plan to really take shape so we can't expect Trump to undo decades of destruction in a few, short months.
It’s too early because no one knows. This isn’t how business operates. You don’t plan, hire, invest when the game changes monthly.
You’re putting a lot of trust in this con man
- Thread starter
- #418
Remember when Nancy Pelosi said that "we have to pass the bill in order to know what's in the bill?" Nobody knew how badly Obamacare would hurt Americans until it ran it's course. Lots of people put trust in Obama (a con man extraordinaire).
We know for a fact that the Biden method of trade and economics was a complete disaster. All I know is that we have to do something drastic to repair the damage. Is Trump's method the answer? We shall see.
No,! That’s just it. The economy was fine. What needed fixing was being fixed the right way. People unionizing, demanding more money from their employers. And dealing with high prices. Trumps not doing that.
Obama wasn’t a con man. If he was, his goal was to give millions of poor people healthcare. Wah.
Our trade policies aren’t out of wack. And illegals weren’t taking your job. We had zero unemployment. And now that illegals are gone, wages aren’t going up.
I’ll give you this. We are fucked because trump bankrupted several companies. He’s an idiot. And you idiots are still falling for it. Now you are telling us it might be a bumpy 2 years? How fucking stupid are you people? Wow
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