Cost-Benefit Analysis Trump Tariffs

[McRocket]

Yep, this is too funny. Just had someone explain that a production facility in Mexico does not have to:
(1) pay a living wage
(2) pay over time after 40 hours
(3) offer health insurance/options
(4) maintain a safe work environment similar to OSHA regulation in US (workers at great risk of work related illness/injury/death)
(5) abide by environmental laws (they can pollute the environment with impunity)

And, Trump is evil for putting tariffs on Mexico.

The tariffs only harm the elites and the super-rich like the criminal Joe Biden and his even more criminal son -- Not Just Ukraine; Biden May Have A Serious China Problem As Schweizer Exposes Hunter's $1bn Deal

Of course, Biden is a dimocrap so one should automatically infer that he is a criminal. If you do, you will be correct 99.99% of the time.

This has been going on since the FDR days. It's time it stopped. It's time America took its jobs back. It's time America defended the working class again.

Free and open trade is the hallmark of a peaceful world. But there's nothing free and open with the way China and Mexico do business with us.

Nothing

As always, everything the conservative says in fact is WRONG.

1. Tariffs are paid by IMPORTERS, so the Mexicans/Chinese/Canadians are paying NOTHING to export their goods to the USA. Tariff's are being paid by the IMPORTERS - Americans, who generally pass that tax along to consumers.

2. The tariffs are paid MOSTLY by poor people, because rich people aren't buying cheap crap at Walmart. Since Trump is particularly nailing consumer goods with his tariff's, this is affecting poor people the MOST.

3. 30% of the good Americans import from Mexico are partially manufactured in the United States, so if Trump puts tariffs on these products as threatened, this could harm American jobs too.

Tariffs are SUPPOSED to be a last ditch punishment when countries refuse to negotiate with him. Trump is just inflicting tariffs willy, nilly with no plan or strategy in their application. In the case of the southern border, he's using a shotgun to kill a fly. The blast will do a lot of harm, and may miss the fly entirely.

You also have to once again note that Trump is the WORST negotiator ever. His opening gambit is always an attempt to bully someone into doing something he wants. As any good negotiator will tell you, you get more flies with honey than you do with vinegar.

Walking out of his first budget meeting with Nancy Pelosi without even hearing what she was offering was his dumbest move to date, and it cost the country 1% in GDP for the YEAR. Dumb, dumb Donald. And then he caved in and re-opened the government and got NOTHING in return. He shut down the government, cost the American people hundreds of millions of dollars in lost revenues and income, and got nothing for all that fiscal pain. Art of the Deal indeed.

Watching the Trump White House and how it functions, I am reminded that the guy who lost 1 billion dollars in the 80's - that's $100 million dollars in losses every year for 10 years, the most in American history, and who has helmed 7 major corporate bankrtupcies - also a record for American businessmen, who American bankers refuse to lend to because their banks have incurred billions in losses lending to him, is still revered as a great businessman by the fools who voted for him.

Trump always said he'd run the country like he runs his businesses and that certainly has been the case. Chaos, disfunction, mismanagement and massive amounts of debt. Law suits at every turn, because Trump refuses to honour the rules laid out in the Constitution, just like he has consistenly refused to honour the contracts he signed in his businesses, and ended up in 3000+ law suits, again a record for an American businessman.

You have elected the worst businessman in American history, and he is undermining and destroying your economy at every turn. The trade imbalance with China is NOT going down. Illegal border crossings, which were at an all-time low when Trump took office, are now at a 15 year high, and you're moving troops into the Middle East, and there's talk of war with Iran.

Good luck with that.

Your last paragraph was a riot.

You found 'Good luck with that' a riot?

Interesting...you seem to attain riot-status rather easily.

So noted.


Have a nice day.

 

[InstantOn]

Ask our Ag community what the downside is.

Sure, they are being handed money hand over fist by Trump to keep them happy, but it is not really working. For the most part they would much rather sell their product than be handed money by the government.

The exporting countries are not eating the tariffs, that is just stupid. A tariff is a tax on the person buying the product.

Yes, Trump graduated from Wharton 51 years ago with a basic Bachelors degree. Had he has proudly not read a book since that day. Doubtful his basic economics degree would have included how to do a CBA, but even if it did, he long forgot what the initials even stand for. Trump does not analysis, he flys by the seat of his pants thinking he is the smartest person in the room

He hired people to take his tests at Wharton.

 

[InstantOn]

You are one of the dumber ones thinking jobs are coming back and wages are rising when in fact foreign countries are buying our companies right here in the U.S. then going through temp agencies for their hiring and starting wages $10-$12 bucks an hour. I'm visiting a city right now in a northern state that in the past 6 months Chinese and Brazilian companies have bought up a few manufacturing plants and have done just that. Yep a whopping $10 bucks an hour. As the U.S. drops to number 2 on the world economics scale.

Those states can raise their minimum wage...if they want to.

 

[cnm]

Just don’t buy stuff from mexico or China then it won’t cost you more

The whole ******* point of tariffs is to make you pay more, no matter where the good you purchased is produced. Do you really not get that?

 

[cnm]

For some unknown reason the left thinks we don't have a choice not to buy foreign goods and refuse to acknowledge our slave owning anti woman the right to vote Liberal founding fathers built this country on tariffs until 1913.

I'm sure that made sense when you thought of it.

 

[cnm]

And, Trump is evil for putting tariffs on Mexico.

You mean he got ripped off when he renegotiated NAFTA?

An easy assumption to make, he's not very competent.

 

[cnm]

I read that only the big corporate operations have received any money so far. Small farmers are getting the run-around.

 

[cnm]

and there's no way any decent American would accept lowering our workers' wages and working conditions to "compete" with the dirt-wage factory.

They won't even harvest their own lettuce.

 

[cnm]

I can't think of an example of something we get from China, other than Rare Earth minerals (Get Ready) that we can't get from somewhere else or even domestically.

Let's see you sell the soy crop domestically.

 

[cnm]

My party master was White satin sugar
I grew sugar beets for 40 years
Not everyone grows soybeans

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https://www.placesthatwere.com › 2016 › 01 › abandoned-buildings-colorado-amalgamated-sugar.html​

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Tariffs enacted in the early 1900s bolstered the beet sugar companies by artificially raising the prices of imported cane sugar. The Sugar Act of 1948 further aided beet sugar manufacturers by setting quotas for sugar imports and providing subsidies to domestic producers.​

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After decades of growth, Colorado's beet sugar industry began a sharp decline in the mid-1970s due to a concatenation of circumstances. In late 1974 congress allowed the Sugar Act to expire, removing the government-sponsored advantage that had so benefited the beet sugar producers.​

 

[cnm]

Plus, most of those exporters have a contract to deliver their commodity at 'X' Cost.

And they will. Then the US will tax the importer on the delivered cost.

 

[cnm]

There’s a lot of nitrogen in rain

And it took only one period of rain to prevent supplemental N2 application. If that rain gave 1% of yearly requirement you'd be lucky.

Does Rainwater Contain Nitrogen? ​

A 2004 study of the chemical composition of rainwater at 48 sites in 31 states found nitrates in nearly all the samples, although a high degree of variation existed in both time and space. Several studies in the 1990s showed that locations along the coast of the Gulf of Mexico could expect to get 18 pounds of ammonium and nitrates per acre per year from rainwater. That's about a tenth of typical nitrogen requirements for growing crops.​

 

[cnm]

In some cases, mostly small cases, the American Consumer will get stuck paying more money for a commodity.

You think the importer won't pass that cost on?

One can see why the FOTUS loves the poorly educated.

 

[cnm]

In some cases, mostly small cases, the American Consumer will get stuck paying more money for a commodity. But the brunt of the cost of the Tariff is on the exporter. Every time.

Then why didn't American exporters pay the Chinese tariffs on soy beans, so they could export to the Chinese market instead of leaving their beans piled in fields covered by tarps?

That was when China started buying soy elsewhere, to avoid the tariffs they had to pay when they imported American products. In case you've forgotten.

Ffs.

 

[cnm]

When did Trump put a Tariff on American Soy Beans?? Who put the tariffs on soybeans? Who do tariffs hurt again?

China put the tariffs on US soy. Chinese soy importers stopped buying US soy to avoid the tariffs.

The history is plain, why do you ignore it?

 

[cnm]

Let them. Brazil won't be able to keep up with their demand. Meanwhile, our farmers can move on to other useful crops.

So I guess it will be Argentina or Australia that steps up to a vacant market. What can you grow on prairies? Grass?

 

[cnm]

You hit Walmart with a 25% increase on a product and they're gonna tell you to go **** your dead aunt. Quick.

From where will Walmart replace that product? After all, it's not as though they're paying the increase, their customers are.