No More Tariffs? Rand Paul allegedly has the votes to stop them.

[OhPleaseJustQuit]

If this is to be believed, Rand Paul may single-handedly end Trump's use of tariffs and force him to use alternative methods to get what he wants on trade. However, this was a power delegated to the president by Congress. This is a risky gamble, and could fracture the Republican Party going forward.

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He will pound sand.

For a long time.



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[JoeB131]

I’ve got news for you. Not all tariffs are passed on to consumers and not all goods are affected. Essentials aside, importers and overseas manufacturers will eat some of these if buying slows down. That is how business works, otherwise, why don’t they just double their prices just to make more profit? Business isn’t like government. Government can raise their “prices” at will and the “consumer” is forced to eat the increase. That is not the way business works at all. You guys fail real-world Econ. 101 BIGLY.

GDP Shrank in Q1. The Second Trump Recession has already started.

https://www.cnbc.com/2025/04/30/gdp-q1-2025-.html

 

[JoeB131]

This attitude is why China expects to win. Credit MSS, they have done a hell of a job in the West. Perhaps unmatched in espionage history.

 

[DBA]

GDP Shrank in Q1. The Second Trump Recession has already started.

https://www.cnbc.com/2025/04/30/gdp-q1-2025-.html

My what a short memory we have. 2022 ring any bells?

 

[Care4all]

/----/ "Tariffs are a tax."
You can believe anything you want, but you can't make up your own definitions.
tariffs /tăr′ĭf/
Plural form of tariff
noun

1. A list or system of duties imposed by a government on imported or exported goods.
2. A duty or duties so imposed.
3. A schedule of prices or fees.

The American Heritage® Dictionary of the English Language, 5th Edition •

Fyi, duties are an indirect tax....



Is duty the same as tax?

A tax is a charge imposed on a taxpayer by a government. Tariffs are a direct tax applied to goods imported from a different country. Duties are indirect taxes that are imposed on the consumer of imported goods.

What is the Difference Between Taxes, Duties, and Tariffs? | TRG

 

[Admiral Rockwell Tory]

Basic math shows that if demand shifts to domestic producers, the price they can charge will increase as well.

You flunked math then! In addition, you failed economics!

Back to the dishes, Sink Worrier!

 

[OhPleaseJustQuit]

Fyi, duties are an indirect tax....



Is duty the same as tax?

A tax is a charge imposed on a taxpayer by a government. Tariffs are a direct tax applied to goods imported from a different country. Duties are indirect taxes that are imposed on the consumer of imported goods.

What is the Difference Between Taxes, Duties, and Tariffs? | TRG

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And this nation ran just fine on tariffs until 1913.



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[Admiral Rockwell Tory]

It's what's best for the country. Screw the Republican Party. They've already proven themselves incompetent through their worshiping of Trump.

The TDS is still strong with this one!

 

[WorldWatcher]

Tariffs are the perview of the president. If Rand Paul is this stupid, if he thinks its 1950, than he has damned his and his fathers legacy for this charade. America is at war, its that simple.

Article I, Section 8.

The very first power of Congress.

WW
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[Cellblock2429]

Fyi, duties are an indirect tax....



Is duty the same as tax?

A tax is a charge imposed on a taxpayer by a government. Tariffs are a direct tax applied to goods imported from a different country. Duties are indirect taxes that are imposed on the consumer of imported goods.

What is the Difference Between Taxes, Duties, and Tariffs? | TRG

/—-/ Taxes are imposed on everyone. Tariffs are optional.

 

[Admiral Rockwell Tory]

Article I, Section 8.

The very first power of Congress.

WW
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View attachment 1106363

Too bad you didn't read the law that allowed the President to assume those duties as voted by Congress.

The Reciprocal Trade Agreements Act of 1934 marked a pivotal shift, empowering the executive branch to negotiate trade arrangements with other nations. This was not an abandonment of congressional authority but a pragmatic adaptation to enable quick responses to rapid changes in international trade markets.

Can Presidents Set Tariffs Alone? - U.S. Constitution.net

Constitutional Basis for Tariff Authority Article I, Section 8 of the U.S. Constitution vests the power to lay and collect tariffs with Congress. The Founding Fathers intended for legislative oversight on taxation, tariffs, and related financial matters, viewing tariffs as strategic levers to be...

www.usconstitution.net

 

[Marener]

My what a short memory we have. 2022 ring any bells?

Those GDP figures were thrown off by private inventory changes like this was thrown off by imports. Neither is indicative of a recession.

Contribution to GDP Growth of the Change in Inventories: Econ 101 Again

A. Introduction The contribution of changes in inventories to changes in reported GDP is easily misunderstood. One saw this in reports on the recent release (on July 28) by the Bureau of Economic…

aneconomicsense.org

 

[skye]

 

[JoeB131]

My what a short memory we have. 2022 ring any bells?

What I remember was you tried to claim we had a recession when we didn't.

This is absolutely a recession. Everyone but the Bleach-Drinkers see it coming.

 

[Tumblin Tumbleweed]

/----/ "Tariffs are a tax."
You can believe anything you want, but you can't make up your own definitions.
tariffs /tăr′ĭf/
Plural form of tariff
noun

1. A list or system of duties imposed by a government on imported or exported goods.
2. A duty or duties so imposed.
3. A schedule of prices or fees.

The American Heritage® Dictionary of the English Language, 5th Edition •

Tariff and duty are interchangeable words.

du·ty

3. a payment levied on the import, export, manufacture, or sale of goods.
"a 6 percent duty on imports"

But, it's cool. It's not like we expect rubes to, you know, know stuff.

 

[Care4all]

/—-/ Taxes are imposed on everyone. Tariffs are optional.

Same with a State Sales TAX, I suppose it is optional for a consumer as well?

 

[skye]

No more respect for Paul

 

[Cellblock2429]

Same with a State Sales TAX, I suppose it is optional for a consumer as well?

/—-/ As long as you never buy anything.

 

[Cellblock2429]

Tariff and duty are interchangeable words.

du·ty

3. a payment levied on the import, export, manufacture, or sale of goods.
"a 6 percent duty on imports"

But, it's cool. It's not like we expect rubes to, you know, know stuff.

/—-/ No tariffs on American made. Twist the words all you want.

 

[JoeB131]

/—-/ As long as you never buy anything.

You realize that if people stop buying things, it will collapse the economy, right?

That means retailers will have to downsize their personnel if sales decline. That increases the number of the unemployed. Retailers are already under pressure

Here's a poem I remember from Mad Magazine in the 1970's... Probably even more true now.

Oh, give thanks ye small businessmen, who've managed to survive.
Be glad in this economy that you are still alive.
The price of goods keeps going up, inflation's running on.
So, give thanks you can buy cheap from Taiwan, good old Taiwan
So give thanks you can buy cheap from Taiwan!