How will the Trump tariffs actually work ?

[Tommy Tainant]

Targeted tariffs yes, but Trump is talking about a banket tariff.

Blunt tool.
America is not hoing to evolve, fot example, a new gatment industry overbight,
It will be chaos.

 

[Captain Caveman]

Why ? Rich folk will be ok. They will always be ok. Its the poor that will suffer.

Define rich?

 

[Dekster]

Then their choices are diminished. Communism.

Quite the opposite. There are hundreds of small distilleries in the US making single malt. We have democratized our booze production. Commies are the ones who issue edicts like only whiskey made in Scotland can be call scotch.

Anyway, all the tariffs, if implemented, will result in retaliatory tariffs, and then the creative destruction can really begin. Time to stop propping up companies and subsidizing poverty. Survival of the fittest as God intended.

 

[Captain Caveman]

Shambolic? Before Covid Trump's first term was actually pretty spectacular, Tommy.

The mind of a Lefty. In Tommy's mind, the president/PM he dislikes means the economy was crap and shambolic. The president/PM he likes, the economy is strong and fantastic. And in his head it's fact, because he says so.

 

[Captain Caveman]

Quite the opposite. There are hundreds of small distilleries in the US making single malt. We have democratized our booze production. Commies are the ones who issue edicts like only whiskey made in Scotland can be call scotch.

Anyway, all the tariffs, if implemented, will result in retaliatory tariffs, and then the creative destruction can really begin. Time to stop propping up companies and subsidizing poverty. Survival of the fittest as God intended.

There's a saying, "There's no E in Scotland".

So Whisky is made and comes from Scotland, and Whiskey is made and comes from everywhere else.

 

[Tommy Tainant]

Quite the opposite. There are hundreds of small distilleries in the US making single malt. We have democratized our booze production. Commies are the ones who issue edicts like only whiskey made in Scotland can be call scotch.

Anyway, all the tariffs, if implemented, will result in retaliatory tariffs, and then the creative destruction can really begin. Time to stop propping up companies and subsidizing poverty. Survival of the fittest as God intended.

There might be a good reason they are small.

 

[Dekster]

There might be a good reason they are small.

Family businesses tend to be small....well unless your family fleeces others like the House of Windsor, in which case, there is no end to other people's money.

 

[Mr Natural]

Family businesses tend to be small....well unless your family fleeces others like the House of Windsor, in which case, there is no end to other people's money.

They’re like a welfare system taken to the extreme.

 

[hadit]

Those tarffs aren't going to save American jobs and neither will trump. Biden was right to start getting America prepared for the jobs of the future.

QPJ raises business costs by raising taxes = the good.
TRUMP! raises business costs with tariffs = double plus ungood.

The only difference being who raised the costs of doing business.

 

[Dekster]

QPJ raises business costs by raising taxes = the good.
TRUMP! raises business costs with tariffs = double plus ungood.

The only difference being who raised the costs of doing business.

It has taken about 30 years for communities to start rebounding from the mess caused by NAFTA. That is probably a reasonable period of time for those affected to rebound from tariffs. Long-term they are the right move. It won't be without consequences though.

 

[Lakhota]

TIT FOR TAT: MEXICO FLOATS RETALIATORY TARIFFS!​

 

[bendog]

https://www.reuters.com/world/europe-will-pay-big-price-trump-warns-tariffs-2024-10-30/

Tariffs are a blunt tool. How will they actually work ? I can only see prices rising and shortages on US shelves.

The targets he names are easily surmountable. Food and Cars. Well I see many cars from US companies. Ford,Cheverolet, General Motors and even Tesla.

Food is easily rectified by producing food prepared to European standards Not using Frankenstein technology. You have to adapt to the market you are selling to.

So what is likely to happen in the US and to its trade ?

Trump is raising taxes on those who spend most of their income on consumption because that's all they earn, so he can extend the tax cuts that primarily help those making 450K or more.

Of course the dems represent the college educated who didn't really feel inflation.

 

[hadit]

Trump is raising taxes on those who spend most of their income on consumption because that's all they earn, so he can extend the tax cuts that primarily help those making 450K or more.

Of course the dems represent the college educated who didn't really feel inflation.

One has noticed that when TRUMP! raises the cost of doing business through tariffs, he gets blamed for the resultant high prices. One also notices that when democrat politicians raise the cost of doing business through higher prices and MW increases, they do NOT get blamed for the resultant high prices. This is a fallacy. In both cases, it is the politician who is raising the cost of doing business.

 

[Lakhota]

 

[lennypartiv]

Does Tommy not know how tariffs work?

 

[Lakhota]

 

[Lakhota]

 

[frigidweirdo]

https://www.reuters.com/world/europe-will-pay-big-price-trump-warns-tariffs-2024-10-30/

Tariffs are a blunt tool. How will they actually work ? I can only see prices rising and shortages on US shelves.

The targets he names are easily surmountable. Food and Cars. Well I see many cars from US companies. Ford,Cheverolet, General Motors and even Tesla.

Food is easily rectified by producing food prepared to European standards Not using Frankenstein technology. You have to adapt to the market you are selling to.

So what is likely to happen in the US and to its trade ?

He also wants to devalue the dollar, which would A) mean the dollar would lose its status as THE world currency, and B) make all Americans poorer, except those who are selling abroad... but the tariffs put on US goods would.... make that harder because goods would cost more (if he's lucky he'd get goods at the same price for foreign countries, while making foreign goods at home more expensive, but the dollar would suffer for this not much)

 

[Picaro]

The purpose of the tariffs is to save or create US manufacturing jobs not agricultural jobs.

Tammi can't grasp the obvious.

 

[BluesLegend]

Look, your politicians trade your jobs and entire industries to other countries to line their own pockets. We need tariffs to take back what's ours.