Net effect of Trump tariffs...

[struth]

When conservatives rail in the media of the dangers of "returning to Smoot Hawley, which created the Great Depression," all they do is reveal their ignorance of economics and history. The Smoot-Hawley tariff legislation, which increased taxes on some imported goods by a third to two-thirds to protect American industries, was signed into law on June 17, 1930, well into the Great Depression.

The Great Depression was a severe global economic downturn from 1929 to 1939

So dumb ass, you can't say Smoot caused the Great Depression but that's what you cons used to do. Do you still?

Smoot didn’t cause the Great Depression it was going on a year before the law passed

Anyway the law governing what is going on is the reciprocal tariff act of 1934

 

[struth]

Exactly but that's what conservatives claimed in the 2000's. Don't forget dumbass in the 2000's bush was all for free trade, NAFTA, buying from China, even letting illegals in. Don't forget they sent all those jobs to Mexico because they were high paying union jobs. In the 2000's you cheered as those jobs went away.

In the 2000's Thom Hartmann, Unions and Democrats were saying what Trump is saying now. That's Trump's brilliance. He steals Democratic ideas and makes you fall in love with them. But if we tried to push what he pushes, you'd complain. Why is that? Is it because you are a sheep who is easily led?

No, nobody claimed an act passed a year after the depression started caused the depression

Only you did that

 

[sealybobo]

No, nobody claimed an act passed a year after the depression started caused the depression

Only you did that

Yes Republicans did. This is just like saying nobody blamed Obama for the mess Bush created. Or no one blamed Bill Clinton for Bush's great recession. Oh yes you Republicans did try to pin the Great Recession on Smoot much like you tried to do to Obama.

Or you blamed Biden for the mess Trump handed to him. Never did you ever mention that Trump's first stimulus check he sent EVERYONE caused inflation. You never put that on him. Member?

Historically, the Smoot-Hawley Tariff Act was primarily a Republican initiative and was widely criticized for worsening the Great Depression. While the act was a product of the Republican-controlled Congress and signed by a Republican president (Herbert Hoover), the question of who blamed the act is nuanced.

• General Consensus: The general historical consensus among economists and historians is that the Smoot-Hawley Tariff Act was a catastrophic mistake that deepened the Great Depression by triggering retaliatory tariffs and choking off global trade.
• • Opponents (mostly Democrats and some progressive Republicans) blamed the act during the debates and immediately after. Over 1,000 economists famously signed a public appeal begging President Hoover to veto the bill.
  • Voters assigned blame as well, reflected in the 1932 elections when both Senator Reed Smoot and Representative Willis Hawley, the bill's sponsors, lost their seats, and Republicans lost majorities in both the House and the Senate, as well as the presidency. The public reaction effectively made "protectionism a bad word" in American politics for decades.
• Republican Defense: At the time, President Hoover, Smoot, and Hawley defended their policy, often blaming external monetary forces, international trade policies, or Democrats for the economic woes, rather than the tariff itself.

 

[struth]

Yes Republicans did. This is just like saying nobody blamed Obama for the mess Bush created. Or no one blamed Bill Clinton for Bush's great recession. Oh yes you Republicans did try to pin the Great Recession on Smoot much like you tried to do to Obama.

Or you blamed Biden for the mess Trump handed to him. Never did you ever mention that Trump's first stimulus check he sent EVERYONE caused inflation. You never put that on him. Member?

Historically, the Smoot-Hawley Tariff Act was primarily a Republican initiative and was widely criticized for worsening the Great Depression. While the act was a product of the Republican-controlled Congress and signed by a Republican president (Herbert Hoover), the question of who blamed the act is nuanced.

• General Consensus: The general historical consensus among economists and historians is that the Smoot-Hawley Tariff Act was a catastrophic mistake that deepened the Great Depression by triggering retaliatory tariffs and choking off global trade.
• • Opponents (mostly Democrats and some progressive Republicans) blamed the act during the debates and immediately after. Over 1,000 economists famously signed a public appeal begging President Hoover to veto the bill.
  • Voters assigned blame as well, reflected in the 1932 elections when both Senator Reed Smoot and Representative Willis Hawley, the bill's sponsors, lost their seats, and Republicans lost majorities in both the House and the Senate, as well as the presidency. The public reaction effectively made "protectionism a bad word" in American politics for decades.
• Republican Defense: At the time, President Hoover, Smoot, and Hawley defended their policy, often blaming external monetary forces, international trade policies, or Democrats for the economic woes, rather than the tariff itself.

Show me where a Republican blamed a bill passed a year after the start of an event on the event…

 

[healthmyths]

Yes Republicans did. This is just like saying nobody blamed Obama for the mess Bush created. Or no one blamed Bill Clinton for Bush's great recession. Oh yes you Republicans did try to pin the Great Recession on Smoot much like you tried to do to Obama.

Or you blamed Biden for the mess Trump handed to him. Never did you ever mention that Trump's first stimulus check he sent EVERYONE caused inflation. You never put that on him. Member?

Historically, the Smoot-Hawley Tariff Act was primarily a Republican initiative and was widely criticized for worsening the Great Depression. While the act was a product of the Republican-controlled Congress and signed by a Republican president (Herbert Hoover), the question of who blamed the act is nuanced.

• General Consensus: The general historical consensus among economists and historians is that the Smoot-Hawley Tariff Act was a catastrophic mistake that deepened the Great Depression by triggering retaliatory tariffs and choking off global trade.
• • Opponents (mostly Democrats and some progressive Republicans) blamed the act during the debates and immediately after. Over 1,000 economists famously signed a public appeal begging President Hoover to veto the bill.
  • Voters assigned blame as well, reflected in the 1932 elections when both Senator Reed Smoot and Representative Willis Hawley, the bill's sponsors, lost their seats, and Republicans lost majorities in both the House and the Senate, as well as the presidency. The public reaction effectively made "protectionism a bad word" in American politics for decades.
• Republican Defense: At the time, President Hoover, Smoot, and Hawley defended their policy, often blaming external monetary forces, international trade policies, or Democrats for the economic woes, rather than the tariff itself.

FACTS you ignored when you wrote! Where is the link stating your unsupported comment?
."Never did you ever mention that Trump's first stimulus check he sent EVERYONE caused inflation."
"FACTS not guesses...
"The primary drivers were a combination of government spending and unprecedented supply chain disruptions. "

https://finance.yahoo.com/news/effect-stimulus-checks-inflation-overall-110006517.html

 

[sealybobo]

President Trump has done something that most ignorant people are saying cause economic problems with the USA and one of very few actions that Biden took I agree with!
The last president to sign a major, broad increase in U.S. import tariffs was Herbert Hoover with the Smoot-Hawley Tariff Act of 1930,
but Presidents Donald Trump (during his first term) and more recently, President Joe Biden, have significantly increased tariffs on specific goods (like Chinese products, steel, EVs) and countries, marking a notable return to protectionist policies not seen since the 1930s.

Loading…

finance.yahoo.com

But the biased MSM and the grossly uninformed believers in the biased MSM have totally criticized Trump's efforts and are ignorant about the overall positive
actions that Trump's tariffs have done and here is just a few.
GE is just one of several major companies that BECAUSE of increased tariffs by Trump on products built off shore they are finding it is CHEAPER to build in the USA, i.e. hiring Americans, building facilities, earning TAX credits instead of losing money to companies already in the USA. "Competition"!
View attachment 1198869
FACTS that the ignorant BIASED MSM and those truly dummy readers haven't shared or read!

• U.S. manufacturing output is projected to expand by around 2.5% in the long run under current tariff scenarios, driven by trade policy. This reallocation may be offset by contractions in other sectors.
• Several companies have announced significant U.S. manufacturing investments, citing the trade environment as a factor. These include Thermo Fisher Scientific ($2 billion), Clarios ($6 billion), UCB ($5 billion), and Ford ($5 billion across plants).
• Some analyses indicate general investment trends, with one identifying 36 companies considering U.S. production investments due to tariffs between late 2024 and mid-2025. Conversely, prolonged trade uncertainty could decrease manufacturing investments by over $490 billion by 2029.
• In the tech sector, while large AI infrastructure investments are planned, tariffs on components like semiconductors are projected to add significant costs ($75–100 billion over five years), potentially slowing development rather than stimulating new domestic production immediately.
• By the numbers: 2025 manufacturing trends.

Now the above and other factors are why President Trump uses the figures..
1. United Arab Emirates: $1.4 trillion
2. Qatar: $1.2 trillion
3. Japan: $1 trillion.
4. Meta: $600 billion.
5. Apple: $600 billion
6. Saudi Arabia: $600 billion
7. European Union companies: $600 billion
8. Stargate: $500 billion.
9. NVIDIA: $500 billion.
10. India: $500 billion
With just these 10 countries and companies nearly $5 trillion being invested back into the USA!

Fact check: Trump says the US secured $18 trillion in investments

President Donald Trump has often said that since he took office in January, the U.S. has received trillions of dollars in promises of investments, and the dollar amount he cites changes.

www.wral.com

Now the above web page rates Trump's claims of $18 trillion to $22 trillion since he took office in January as false.
OK... So the BIASED MSM like WRAL news are so ready to prove Trump wrong ... YET... why didn't they spend more
on Biden's "Surge to the border" and "guarantee to rid fossil fuels"!
Doing a search showed these results! Where was the biased MSM???
"Surge to the border"" search results...About 91,200 results (0.25s)
"guarantee to rid fossil fuels"! About 25 results (0.18s)

But a search of "Trump's $18 trillion" About 612,000 results

I'm hoping people will start posting the price increases they come across now that it's 2026. Companies said they were going to raise prices in 2026 because of tariffs. Can't eat those cost increases any longer. They stocked up on inventory before tariffs happened but now they are out of supply and they have to buy again. Plus, they want to support Trump so they ate the price increases until after the holidays. We know Kroger ate the increase in price on turkeys for example so not to ruin everyone's Thanksgiving.

Today I went to get my 2 fish felets at McDonald. They are 2 for $6 on Fridays. I drive up to the drive thru and it's now $7. That's a $16% price increase I believe? Or 14%? Bottom line if I get that once a week, it's an extra $50 I will be paying this year, because of Trump.

Anyone else run into something that just went up?

I'm not going to talk about the things that already went up like coffee. It too may have gone up even more. I will point that out if I see it. But I'm just talking about things that went up in 2026. Not last year. Like my dad tried to tell me healthcare costs are going up. Yea we already know about that last year. I want to only talk about things that went up on 1.1.2026 or today.

Tariffs have already cost me $50 this year.

My 20 pack of white castles yesterday was still $20. Jesus christ it came in a small briefcase. So cool.

 

[struth]

I'm hoping people will start posting the price increases they come across now that it's 2026. Companies said they were going to raise prices in 2026 because of tariffs. Can't eat those cost increases any longer. They stocked up on inventory before tariffs happened but now they are out of supply and they have to buy again. Plus, they want to support Trump so they ate the price increases until after the holidays. We know Kroger ate the increase in price on turkeys for example so not to ruin everyone's Thanksgiving.

Today I went to get my 2 fish felets at McDonald. They are 2 for $6 on Fridays. I drive up to the drive thru and it's now $7. That's a $16% price increase I believe? Or 14%? Bottom line if I get that once a week, it's an extra $50 I will be paying this year, because of Trump.

Anyone else run into something that just went up?

I'm not going to talk about the things that already went up like coffee. It too may have gone up even more. I will point that out if I see it. But I'm just talking about things that went up in 2026. Not last year. Like my dad tried to tell me healthcare costs are going up. Yea we already know about that last year. I want to only talk about things that went up on 1.1.2026 or today.

Tariffs have already cost me $50 this year.

My 20 pack of white castles yesterday was still $20. Jesus christ it came in a small briefcase. So cool.

Inflation rates are published every month

2.7 percent is the current rate

Lower then it was when Trump took office