Are Tariffs A Good Idea?

[Ringo]

 

[Flopper]

Tariffs hinder economic growth. They raise costs for both consumers and businesses, disrupt supply chains, and distort market efficiency. Worse yet, they often provoke retaliatory tariffs, escalating trade tensions and deepening the economic strain.

History has repeatedly shown that while trade wars can ignite rapidly, resolving them is a slow, difficult process. If current trends continue, we’re likely facing a prolonged period of sluggish growth and elevated prices—an outcome no one can afford to ignore.

 

[Flopper]

Country X exports some “stuff” for which there is a demand in America. The government of Country X heavily subsidizes that industry. So, we impose a tariff on its import into America.

The U.S. businesses which make use of that “stuff” pay that tariff. Those businesses pass the higher cost thereof on to the ultimate consumers. It’s a hidden tax on the American people.

In that view, tariffs aren’t a good way to go. For us.

On the other hand, that higher cost might make it possible for American producers of the “stuff” to fairly compete with the foreign nation (and it’s unfair subsidies). That could yield more jobs at home.

Assume the US puts a tariff on imported well made cheap widgets from China which raises the price in the US so the US consumer buys more of the less desirable US widgets. But wait. A Mexican compony is producing a great widget at a low price and attracting US consumers so the US puts a tariff on Mexican made widgets pushing US consumers back to American made widgets. But wait. It turns out that the American Widget Company is a wholly own subsidiary of a Chinese company who is now cornering the market on widget thanks to help of US goverment bureaucrats interfering with the market.

 

[Flopper]

Trump’s tariffs are a short-term fix with long-term pain. They raise prices for American consumers, hurt U.S. exporters through retaliation, and disrupt global supply chains. Instead of bringing jobs back, they often push companies to other countries—or toward automation. In the end, tariffs slow growth, weaken our global competitiveness, and leave everyday Americans paying the price.

 

[JoeB131]

 

[BackAgain]

Assume the US puts a tariff on imported well made cheap widgets from China which raises the price in the US so the US consumer buys more of the less desirable US widgets. But wait. A Mexican compony is producing a great widget at a low price and attracting US consumers so the US puts a tariff on Mexican made widgets pushing US consumers back to American made widgets. But wait. It turns out that the American Widget Company is a wholly own subsidiary of a Chinese company who is now cornering the market on widget thanks to help of US goverment bureaucrats interfering with the market.

Spend time worrying about it.

I think we all realize that plans often get changed when things go “agang aglee.”

So what?

I’ve noted before that I’m not a fan of tariffs, generally. But leveling the international-trade playing field could prove beneficial for us.

Let’s just say that part of the reason a tariff based system was largely abandoned by America may have been a part of a larger philosophy to be fair to the less fortunate nations. Yep. We have been sharing our own wealth.

 

[Flopper]

Spend time worrying about it.

I think we all realize that plans often get changed when things go “agang aglee.”

So what?

I’ve noted before that I’m not a fan of tariffs, generally. But leveling the international-trade playing field could prove beneficial for us.

Let’s just say that part of the reason a tariff based system was largely abandoned by America may have been a part of a larger philosophy to be fair to the less fortunate nations. Yep. We have been sharing our own wealth.

Throughout most of 19th America tariffs were used to protect industries both large and small. It wasn't till about 1933, that Congress with support from both sides of isle, passed a tariff that bill that decrease tariffs in hopes of increasing trade. However, it wasn't till after WII, that trade opened up and tariffs fell but as nations recovered, tariffs rose.

 

[schmidlap]

Trump did the right thing running criminals out of the State but he's not in charge of all the businesses and their compensation packages. He's one man. It's time for everyone else to jump in and do their part. Things like increased wages doesn't happen overnight.

When manufacturing returns to American soil and we start relying on American oil, we should see a decrease in energy costs and an increase on opportunity. It takes time.

Most Americans are not buying the degenerate's pitch, They've been enduring the actual consequences of his tariff derangement, and expect them to endure..

Americans aren’t buying Trump’s latest excuse, new poll says

Nearly 90% of Americans expect tariffs to raise prices, Gallup poll finds​

 

[Delldude]

Most Americans are not buying the degenerate's pitch, They've been enduring the actual consequences of his tariff derangement, and expect them to endure..

Americans aren’t buying Trump’s latest excuse, new poll says

Nearly 90% of Americans expect tariffs to raise prices, Gallup poll finds​

Boy, big let down when He gets countries on board, eh?

 

[sealybobo]

Boy, big let down when He gets countries on board, eh?

What countries has he gotten on board? And I'd like to see details on what we gained/won.

In 2017 you guys said he won the trade war with China but you never told us what we won. And the way Trump acts today, clearly we didn't win shit. China continued to take advantage of us after Trump "won". LOL.

 

[sealybobo]

Boy, big let down when He gets countries on board, eh?

How are we being taken advantage of? We want cheap shit. China was willing to sell us cheap shit. Now what is China supposed to buy from us?

No shit we buy more from them than they buy from us. Is that taking advantage of us?

American companies and consumers wanted to buy cheap shit from China. They didn't care about high paying union American jobs in the 2000's. Now they care? Is it because those jobs won't pay as well as they did when they left? Is it because most of those jobs are automated? Is it because Trump's going to give them tax breaks?

Corporations and rich people don't pay taxes anymore. Or they do but only in the form of tariffs. This is the GOP's dream. Eliminate all taxes. Only have a sales tax on what you purchase. So everyone is taxed the same. Well that's what tariffs are right?

 

[Robert W]

What countries has he gotten on board? And I'd like to see details on what we gained/won.

In 2017 you guys said he won the trade war with China but you never told us what we won. And the way Trump acts today, clearly we didn't win shit. China continued to take advantage of us after Trump "won". LOL.

Biden took action against China too. And he more than preserved Trumps tariffs, he poured it on to China. Some tariffs he jacked them up by 100 percent. The Democrats operated as if that was fine. Now they tell us they hate tariffs.

 

[schmidlap]

Boy, big let down when He gets countries on board, eh?

“One day, Godot will come!” ​

 

[task0778]

Boy, big let down when He gets countries on board, eh?

I don't think the number of countries that redo trade deals with us will matter much. The question is how much will our exports increase once those countries reduce or eliminate their tariffs on us. Will domestic manufacturing expand with more jobs? I'm kinda doubtful about that. Are we going to eliminate all of our import tariffs? If so, imported stuff now gets even cheaper. IOW, I'm not seeing the big gain in manufacturing jobs or the imbalance of trade.

 

[Robert W]

Eliminate all taxes. Only have a sales tax on what you purchase.

The USA has the power to create criminals. The IRS punishes criminals.
Nobody is punished by sales taxes. Sellers never have a need to get you to sign forms to buy goods and services. Sales taxes help citizens by removing miles of paperwork. Nobody would fear April 15 again and the Sellers collect the funds and as a business will remit funds to the Feds. Sales taxes will cure many ills.

 

[jc456]

Most Americans are not buying the degenerate's pitch, They've been enduring the actual consequences of his tariff derangement, and expect them to endure..

Americans aren’t buying Trump’s latest excuse, new poll says

Nearly 90% of Americans expect tariffs to raise prices, Gallup poll finds​

Again with fking useless polls

 

[Cellblock2429]

The USA has the power to create criminals. The IRS punishes criminals.
Nobody is punished by sales taxes. Sellers never have a need to get you to sign forms to buy goods and services. Sales taxes help citizens by removing miles of paperwork. Nobody would fear April 15 again and the Sellers collect the funds and as a business will remit funds to the Feds. Sales taxes will cure many ills.

/----/ "Sellers never have a need to get you to sign forms to buy goods and services."
Ever buy or lease a car, a cellphone, or a piece of property... ever rent an apartment?

 

[schmidlap]

Again with fking useless polls

It's unfortunate that public surveys make you seethe.

Now, even the least-educated are fleeing from Trump.

Trump held far greater appeal to non-college educated voters, and to those who didn’t access or didn’t trust mainstream media information...​

​

New polling shows that the very voters who powered Trump’s return to office are now abandoning him. And if that trend holds, it could upend assumptions about how much campaign messaging and elite discourse really matter. Because it turns out the people who don’t read the Times, don’t watch the Sunday shows, and don’t care about the policy details… still care when the economy sours and their lives get harder.​

Using data from YouGov surveys, Morris finds a “massive 33 percentage point decline in Trump’s net approval rating over the last 3 months with people who consume the least news.”​

 

[sealybobo]

Biden took action against China too. And he more than preserved Trumps tariffs, he poured it on to China. Some tariffs he jacked them up by 100 percent. The Democrats operated as if that was fine. Now they tell us they hate tariffs.

Did Biden's tariffs jack up prices? I doubt it. We would have heard about it. This is the difference. If Biden did it, he did it the right way. We never even knew he did it.

And he was deporter in chief. Deported more than Trump. But he didn't have any woopsies.

The top CEO's never visited Biden and warned him if he kept doing what he was doing, a recession was going to come and shelves would be bare.

I live in reality. How about you?

 

[Cellblock2429]

It's unfortunate that public surveys make you seethe.

Now, even the least-educated are fleeing from Trump.

Trump held far greater appeal to non-college educated voters, and to those who didn’t access or didn’t trust mainstream media information...​

View attachment 1108216​

New polling shows that the very voters who powered Trump’s return to office are now abandoning him. And if that trend holds, it could upend assumptions about how much campaign messaging and elite discourse really matter. Because it turns out the people who don’t read the Times, don’t watch the Sunday shows, and don’t care about the policy details… still care when the economy sours and their lives get harder.​

Using data from YouGov surveys, Morris finds a “massive 33 percentage point decline in Trump’s net approval rating over the last 3 months with people who consume the least news.”​

/---/ It's funny the media leads you around by the nose with fake polls.