Confirmed. Consumer and US businesses paying nearly all tariff costs.

[Harpy Eagle]

The stupid trade war that’s got the stock market at all-time highs and unemployment at theoretical minimum?

No, the fact that the two sides are coming together has it at an all time high, the stupid ass trade war stagnated the markets for close to 700 days.

When did the two sides come together? I must have missed that.

Do you not pay attention to the man you worship?

Trump: Phase One China Trade Deal Could Be Signed ‘Shortly’ After January 15

In his interview with ABC TV’s Toledo, Ohio affiliate that was first reported by Reuters, Trump said that “We’re going to be signing on January 15th—I think it will be January 15th, but shortly thereafter, but I think January 15th—a big deal with China.”

Oh, that worship bullshit thing again you leftists always use?

Triggered by the truth are you?

 

[Thinker101]

The stupid trade war that’s got the stock market at all-time highs and unemployment at theoretical minimum?

No, the fact that the two sides are coming together has it at an all time high, the stupid ass trade war stagnated the markets for close to 700 days.

Hopefully you pulled your $12.50 life savings to avoid a recession.

you should not project so much. It gives away your status.

Yet you don't find me complaining about the market...go figure.

 

[Ray From Cleveland]

The stupid trade war that’s got the stock market at all-time highs and unemployment at theoretical minimum?

No, the fact that the two sides are coming together has it at an all time high, the stupid ass trade war stagnated the markets for close to 700 days.

When did the two sides come together? I must have missed that.

Do you not pay attention to the man you worship?

Trump: Phase One China Trade Deal Could Be Signed ‘Shortly’ After January 15

In his interview with ABC TV’s Toledo, Ohio affiliate that was first reported by Reuters, Trump said that “We’re going to be signing on January 15th—I think it will be January 15th, but shortly thereafter, but I think January 15th—a big deal with China.”

Oh, that worship bullshit thing again you leftists always use?

Triggered by the truth are you?

How does one get triggered by the truth when no truth was told?

You people think you're smarter than everybody else, when instead, you don't realize how transparent you are. The method you and others on your side use is an old term called Reverse Psychology; trying to control people by inflicting guilt. See, in your mind, it's supposed to work like this:

Gator: You are a Trump worshiper.

Me: Don't call me that, please don't call me that! I'll never say another nice thing about Trump again. I promise, but please don't call me a Trump worshiper!

Of course it never works that way, but you don't live close enough to reality to understand that it doesn't work, and never has. But the definition of insanity is doing the same thing over and over again, and expecting different results each time.

 

[SweetTea]

Its an optional tax. If you BUY AMERICAN there is no tax.

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

Yeah, the bigger point is that inflation is nearly nothing. Do you know what that means? It means the tariffs are helping us much more than they are hurting us.

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

First new auto plant to be built in southeast Michigan in more than 25 years

MAGA

Wow, that was before the stupid tariff war...how many have been built since the start of the stupid tariff war?

The stupid trade war that’s got the stock market at all-time highs and unemployment at theoretical minimum?

The Federal Reserve.......the Socialist Federal Reserve pumping billions has the market at an all time high but you know this.

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

Now that's just silly. Foreign nations pay the tariffs in order to sell goods in America. Trump's tariffs have put hundreds of millions of extra dollars in our Treasury. Tariffs protect American companies from unfair foreign competition. A factory in Indiana cannot compete against a dirt-wage factory in Central America or against a heavily subsidized factory in Asia. Until Trump came along, we sat back and let other countries exploit our so-called "free trade" policy, even as they imposed tariffs on our goods and/or subsidized the production costs of their products so that our companies could not make the same products at that same cost.

Liberals yammer on and on about their concern for workers' rights, good working conditions, decent wages and benefits, etc.--except when it comes to cheap products made overseas. For too long we have been addicted to being able to buy products at far cheaper prices than American companies can afford to charge because those products were made in dirt-wage factories overseas or were heavily subsidized by their governments.

We've been in "trade war" for decades. The only difference now is that, thanks to Trump, we are finally starting to fight back.

Facts obviously have little influence on you.

 

[pknopp]

Its an optional tax. If you BUY AMERICAN there is no tax.

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

Yeah, the bigger point is that inflation is nearly nothing. Do you know what that means? It means the tariffs are helping us much more than they are hurting us.

Let's argue that is true for a moment. If it's true and if they help you don't have to lie about them.

 

[22lcidw]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

First new auto plant to be built in southeast Michigan in more than 25 years

MAGA

Wow, that was before the stupid tariff war...how many have been built since the start of the stupid tariff war?

The stupid trade war that’s got the stock market at all-time highs and unemployment at theoretical minimum?

The Federal Reserve.......the Socialist Federal Reserve pumping billions has the market at an all time high but you know this.

This has been going on for many many years now. We don't want to live within our means. Others suffer for this and we have inflation that is redirected. Into stocks and housing here as an example. And overseas people suffer as the basket of currencies are tilted in our way. Our currency stands because we are last in line for demise.

 

[Harpy Eagle]

The stupid trade war that’s got the stock market at all-time highs and unemployment at theoretical minimum?

No, the fact that the two sides are coming together has it at an all time high, the stupid ass trade war stagnated the markets for close to 700 days.

Hopefully you pulled your $12.50 life savings to avoid a recession.

you should not project so much. It gives away your status.

Yet you don't find me complaining about the market...go figure.

Why would you when you have nothing in it?

 

[Harpy Eagle]

How does one get triggered by the truth when no truth was told?

You people think you're smarter than everybody else, when instead, you don't realize how transparent you are. The method you and others on your side use is an old term called Reverse Psychology; trying to control people by inflicting guilt. See, in your mind, it's supposed to work like this:

Gator: You are a Trump worshiper.

Me: Don't call me that, please don't call me that! I'll never say another nice thing about Trump again. I promise, but please don't call me a Trump worshiper!

Of course it never works that way, but you don't live close enough to reality to understand that it doesn't work, and never has. But the definition of insanity is doing the same thing over and over again, and expecting different results each time.

I have no issue with people saying nice things about Trump, I do it myself. Saying nice things is not worship. Just once do you think you could post something that was not positive about Trump?

But that aside, I hope my link was able to educate you just a bit

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

First new auto plant to be built in southeast Michigan in more than 25 years

MAGA

Wow, that was before the stupid tariff war...how many have been built since the start of the stupid tariff war?

The stupid trade war that’s got the stock market at all-time highs and unemployment at theoretical minimum?

The Federal Reserve.......the Socialist Federal Reserve pumping billions has the market at an all time high but you know this.

This has been going on for many many years now. We don't want to live within our means. Others suffer for this and we have inflation that is redirected. Into stocks and housing here as an example. And overseas people suffer as the basket of currencies are tilted in our way. Our currency stands because we are last in line for demise.

It's why the dollar will be undermined. When you abuse something it's not going to last.

 

[imawhosure]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They're

Its an optional tax. If you BUY AMERICAN there is no tax.

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

What the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 8 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident as they insist, although they won't even acknowledge the path this whole tariff thing is on, nor how brilliantly or luckily it was navigated!

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They're

Its an optional tax. If you BUY AMERICAN there is no tax.

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

What the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident!

We aren't growing at 2.5 to 3%. Remove the billions the Fed is pumping and we are actually negative.

It's funny how the "capitalist" simply love the socialist nature of artificially low interest rates and pumping by the Fed.

Without this we are in a major recession.

 

[imawhosure]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They're

Its an optional tax. If you BUY AMERICAN there is no tax.

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

What the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident!

We aren't growing at 2.5 to 3%. Remove the billions the Fed is pumping and we are actually negative.

It's funny how the "capitalist" simply love the socialist nature of artificially low interest rates and pumping by the Fed.

Without this we are in a major recession.

2 things then------->

1. With this statement you ADMIT (if you are accurate) that the Obama expansion was totally due to the fed who had LOWER interest rates during his tenure, and

2. that to keep the fed from printing more money, there is no way in hell we can afford to elect a Democrat who wants to spend 30 to 50 trillion extra over 10 years!

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They're

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

What the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident!

We aren't growing at 2.5 to 3%. Remove the billions the Fed is pumping and we are actually negative.

It's funny how the "capitalist" simply love the socialist nature of artificially low interest rates and pumping by the Fed.

Without this we are in a major recession.

2 things then------->

1. With this statement you ADMIT (if you are accurate) that the Obama expansion was totally due to the fed who had LOWER interest rates during his tenure, and

It absolutely was. Obama failed at every aspect of a president.

2. that to keep the fed from printing more money, there is no way in hell we can afford to elect a Democrat who wants to spend 30 to 50 trillion extra over 10 years!

You can spend as long as you pay. This is how it is supposed to work. No? Are you a big fan of increased debt like Trump just signed?

 

[Harpy Eagle]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They're

Its an optional tax. If you BUY AMERICAN there is no tax.

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

What the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident as they insist, although they won't even acknowledge the path this whole tariff thing is on, nor how brilliantly or luckily it was navigated!

Obama was in office for 10 years?

How did that happen.

And no economists predict that the USMCA will be adding 1 to 2 points up. What a load of crock. Even the Trump admin admits the USMCA will only add 176,000 jobs over the 16 year lifespan of the agreement.

 

[imawhosure]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

January 7, 2020 The Mercury News
U.S. consumers, not China, bearing brunt of trade War
Economists say levies have resulted in increased prices for some
- By Jeanna Smlalek and Ana Swanson. The New York Times

WASHINGTON » American businesses and consumers, not China, are bearing the financial brunt of President Donald Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.” “U.S. tariffs continue to be entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton University. Examining the fallout of tariffs in data through October, the authors found that Americans had continued paying for the levies which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers. The findings are the latest evidence that voters and American businesses are paying the cost of Trump’s penchant for using tariffs to try to rewrite the terms of trade in favor of the United States. Manufacturing is slumping, a fact economists attribute at least partly to uncertainty stemming from the trade spats, and business investment has suffered as corporate executives wait to see how or if the tensions will end. The United States and China have reached a trade truce and are expected to sign an initial deal this month, but tariffs on $360 billion worth of Chinese goods will remain in place. The levies, which are as high as 25%, have forced some multinational businesses to move operations out of China, sending operations to countries like Vietnam and Mexico. Trump and his supporters say that the United States had no choice but to resort to tough tactics to try to force China to abandon unfair economic behaviors, like infringing on U.S. intellectual property and providing state subsidies to Chinese firms. And Trump has continued to incorrectly assert that China not American companies and consumers is paying the cost of the tariffs. Tariffs may have worked as a negotiating chip to get China to the table, but re- cent academic research shows that leverage has come at a Steep price for some American businesses and consumers. The authors of the latest study used customs data to trace the fallout, examining import values before and after the tariffs. The research showed that the tariffs had little impact on China. Were just not seeing foreigners bearing the cost, which to me is very surprising,” Weinstein said in an interview. They also find a delayed effect from the tariffs, with the decline in some imports roughly doubling on average in the second year of the levies. That is because “it takes some time for firms to reorganize their supply chains so that they can avoid the tariffs,” the authors write. Reaction to the tariffs has varied across business sectors, however. In the steel industry, for example, companies that export to the United States have dropped their prices suggesting that other countries are in fact paying “close to half” of the cost of tariffs, according to the paper. Because China is only the 10th-largest steel supplier to the United States, though, exporters in the European Union, Japan and South Korea are likely bearing much of that cost. And as foreign prices drop, domestic steel production has barely budged, which bodes poorly for hiring in the U.S. steel industry, the authors note. In previous research, the authors found that by December 2018, import tariffs were costing American consumers and importing businesses $3.2 billion per month in added taxes and another $1.4 billion per month in
efficiency losses. They did not update those numbers in the latest study. Amiti’s colleagues at the New York Fed have traced the costs of tariffs in other research. Their study similarly found that import prices on goods coming from China had remained largely unchanged as tariffs rolled out and argued that already narrowed profit margins, ones that leave no room for cutting and a dearth of competitors could be among the factors insulating Chinese exporters.

They're

Its an optional tax. If you BUY AMERICAN there is no tax.

That's great outside of the majority of cases where there is no option.

But really not the point now is it?

What the fuck are you leaking from the chamberpot called your head? There's always an option. Show me one major category of saleable goods where the only choice is a tariffed item.

Jo

Exactly. At one time that may have been true. Today with the internet, you can shop anywhere you desire. And if you are in a store and see an item you might buy, you can scan the barcode with your smart phone and it will bring up the same item, or comparable items listed from the cheapest price to the most expensive.

May I interject Ray!

They insist Trump is a dolt, and maybe he is just lucky and it was an accident, but here is the truth----------->the media is telling a story, not THE story!

According to Trump and statistics; statistics that the MSM has yet to refute as Pinnochios, the average American family after adding tax cuts, lower regulations, etc, etc, seen a net gain of 10 grand per year. Bush 2 over 8 years, around 500 bucks, Obama after 10 years around 1 grand. Now, maybe Trump really is a dolt and didn't calculate it, but with that kind of influx of cash, do you think if Americans have to pay slightly more because of tariffs, they could absorb it?

What better time if YOU were the President, to confront trading cheaters with tariffs, if your population just got a large influx of cash; and do it BEFORE they used it to finance something, lol. Not to mention------------->it also forces corporations to return so as NOT to pay the tariffs, and it gives leverage that America can hold out easily, as it people are rolling in extra cash to absorb the price hikes. What it did was put manufacturers over seas behind the eight ball. The reason they left for more profits went up in smoke, and their competitive edge disappeared.

And then of course...……...you have the multi trillion dollar question that Leftists do not want to talk about-------------->what happens when these other country's that have been forced to the table have to sign a better deal and the tariffs disappear and prices drop for everyone! Sounds to most thinking people who know anything about economics, that another cash infusion would increase the ECONOMIC BOOM!

Maybe that is why Fancy Nancy and friends were sooooooo reluctant to sign the USMCA. How does that grab you!

Most economists predict that if/when the USMCA along with a trade deal with China goes through, it will give our economy a jolt of 1 to 2 points, UP within 12 months! So lets calculate here----------->if we are growing at 2 1/2% to 3%, and add 1 to 2 more points, that puts us in the 31/2 to 5% range. Not bad for a dolt, even if it was an accident as they insist, although they won't even acknowledge the path this whole tariff thing is on, nor how brilliantly or luckily it was navigated!

Obama was in office for 10 years?

How did that happen.

And no economists predict that the USMCA will be adding 1 to 2 points up. What a load of crock. Even the Trump admin admits the USMCA will only add 176,000 jobs over the 16 year lifespan of the agreement.

Ahhh, now there you go again, lol. I NEVER said how many jobs it would add Mr Gator. What I said was----------------->because the tariff removal would inject MORE cash into Americans hands to spend, the economy would boom more. In essence--------->it is another TAX CUT!

 

[miketx]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

In your case "confirmed" means you swallow it hook line and sinker because it's what you want to believe.

 

[pknopp]

Confirmed: American businesses and consumers are paying 'approximately 100%' of Trump tariff costs

But everyone knew this was going to be the case. A huge tax increase.

In your case "confirmed" means you swallow it hook line and sinker because it's what you want to believe.

"Confirmed" was the article title. Outside of that you didn't explain how the article was wrong. (Because it isn't)

 

[sparky]

If the economy was as good as Trumpsters claim, we wouldn't have the need for QE4

~S~