Tariffs, how they actually work

[Redfish]

And yet it isn't happening. Now one can make an argument it would be for the good but even in that scenario prices are going to go up.

you just do not understand basic econ, there is nothing I can do for you.

 

[AZrailwhale]

And yet it isn't happening. Now one can make an argument it would be for the good but even in that scenario prices are going to go up.

It takes time to take effect. We know tariffs work, they work all over the world and have for centuries. What people like you are not used to is the USA applying reciprocal tariffs on countries that tariff our goods.

 

[pknopp]

It takes time to take effect. We know tariffs work, they work all over the world and have for centuries. What people like you are not used to is the USA applying reciprocal tariffs on countries that tariff our goods.

What doesn't work is tariffs enacted based upon Trump's little spoiled boy act.

 

[Mac1958]

What doesn't work is tariffs enacted based upon Trump's little spoiled boy act.

"You hurt my feelings, so I'm doubling tariffs on you". He doesn't even understand how dramatically changing tariffs can be just as bad or worse than adding them. ANY "business man" knows and understands this. He is absolutely clueless, a child.

Well, at least the world knows what it's dealing with now. They'll trade with us until they can replace us, and that's already started. We're just an isolated predator nation now, and our former friends, former allies, and former trading partners can see it.

 

[Mac1958]

Yikes. We'll be seeing more and more of this, as our former friends and trading partners change their trade policies in response to ours.

 

[Mashmont]

What do you do for a living? Not business I assume.

I can order a steel shelf unit from China for $89 cost including a 10% tariff. If the tariff goes up to 25% the steel shelf costs $109. If it goes up to 50% it will cost $129.

The same shelf costs $220 to make in the US.

How is the price of goods not being increased?

So your complaint is the layers of expense caused by the many layers of regulations and taxes imposed on American companies. I agree it's time to get rid of those.

 

[citygator]

So your complaint is the layers of expense caused by the many layers of regulations and taxes imposed on American companies. I agree it's time to get rid of those.

Another amateur business professional weighs in and misses the mark.

 

[TimFitz]

So your complaint is the layers of expense caused by the many layers of regulations and taxes imposed on American companies. I agree it's time to get rid of those.

If you even thought about it before posting an empty rant, you would understand that the imported produce has to meet the same regulations and pay the same domestic taxes as the US made product.

 

[Mashmont]

Another amateur business professional weighs in and misses the mark.

If you even thought about it before posting an empty rant, you would understand that the imported produce has to meet the same regulations and pay the same domestic taxes as the US made product.

I've made more money in my life than you two clowns put together.

I'm talking more about onerous regulations placed on business by the government: workman's compensation, paid family leave, overtime, certain OSHA requirments. Then there are the layers of taxes. Get rid of those requirments, and American companies could compete with countries that don't bother with that stuff.

I personally think wage and hour issues are none of the government's business. It should be whatever the business and employee agree to. Forcing overtime premium pay results in companies minimizing hours which forces employees to get two or more jobs. Time to get rid of that. Wouldn't it be much easier for someone to work at the same place 50 hours a week if they wanted?

 

[pknopp]

I've made more money in my life than you two clowns put together.

I'm talking more about onerous regulations placed on business by the government: workman's compensation, paid family leave, overtime, certain OSHA requirments. Then there are the layers of taxes. Get rid of those requirments, and American companies could compete with countries that don't bother with that stuff.

I personally think wage and hour issues are none of the government's business. It should be whatever the business and employee agree to. Forcing overtime premium pay results in companies minimizing hours which forces employees to get two or more jobs. Time to get rid of that. Wouldn't it be much easier for someone to work at the same place 50 hours a week if they wanted?

You dont think constantly changing tariffs are onerous? How does a business even plan for that?

And if things should simply be left between business and employee, why not business and suppliers and or customers?

 

[citygator]

I've made more money in my life than you two clowns put together.

Not unless you are in the top 99.7% of earners. If you are then great, I'll see you at the club. Your comments dont suggest business leader. Just sayin.

I'm talking more about onerous regulations placed on business by the government: workman's compensation, paid family leave, overtime, certain OSHA requirments. Then there are the layers of taxes. Get rid of those requirments, and American companies could compete with countries that don't bother with that stuff.

Regulation are things people put in place when they want to live in a community that doesnt work children, abuse or kill its employees, kill its customers, destroy the environment, and a whole host of benefits. The US made a record amount of profit last year so your argument that the regulation environment is stifling is irrelevant. The issue is that workers see less of that record profit than ever.

I personally think wage and hour issues are none of the government's business. It should be whatever the business and employee agree to. Forcing overtime premium pay results in companies minimizing hours which forces employees to get two or more jobs. Time to get rid of that. Wouldn't it be much easier for someone to work at the same place 50 hours a week if they wanted?

How do we get workers paid more of the record profits that owners are seeing?

 

[Mashmont]

Not unless you are in the top 99.7% of earners. If you are then great, I'll see you at the club. Your comments dont suggest business leader. Just sayin.

Regulation are things people put in place when they want to live in a community that doesnt work children, abuse or kill its employees, kill its customers, destroy the environment, and a whole host of benefits. The US made a record amount of profit last year so your argument that the regulation environment is stifling is irrelevant. The issue is that workers see less of that record profit than ever.

How do we get workers paid more of the record profits that owners are seeing?

Sorry, but leftwing business leaders are few and far between, because leftwing policies are based on lies and things that have never worked. So whenever I hear people talk like you do, they are either mouthing platitudes they don’t believe for political purposes like Cuban and Buffett; or they have no idea what they’re doing business-wise. Forgive me, but I peg you in the latter category.

As for me, I’ve never run a factory, but I know what I know very well within the sphere in which I’ve made my money which is residential real estate and investing.

 

[Mac1958]

You dont think constantly changing tariffs are onerous? How does a business even plan for that?

It is. They can't. I'll bet even some Trumpsters know that, buried deep under their subconscious. The rest are just aggressively ignorant.

 

[Mashmont]

It is. They can't. I'll bet even some Trumpsters know that, buried deep under their subconscious. The rest are just aggressively ignorant.

You dont think constantly changing tariffs are onerous? How does a business even plan for that?

And if things should simply be left between business and employee, why not business and suppliers and or customers?

I think government should help businesses along as Trump has by rolling back the ridiculous regulations. The tariffs are on the foreign goods. That's up to those foreign companies and governments to adjust.

I just find it fascinating you leftwingers are great with taxes and regulations and everything that screws businesses, but are apoplectic at the tariffs. It's almost as if you are against it solely because it's Trump's idea.

 

[pknopp]

I think government should help businesses along as Trump has by rolling back the ridiculous regulations. The tariffs are on the foreign goods. That's up to those foreign companies and governments to adjust.

I just find it fascinating you leftwingers are great with taxes and regulations and everything that screws businesses, but are apoplectic at the tariffs. It's almost as if you are against it solely because it's Trump's idea.

Ive argued no positions. Just made fun of yours.

 

[Mashmont]

Ive argued no positions. Just made fun of yours.

That's the ultimate cowardice.

 

[Redfish]

You dont think constantly changing tariffs are onerous? How does a business even plan for that?

And if things should simply be left between business and employee, why not business and suppliers and or customers?

tariffs only affect US businesses if they buy foreign products, buy domestic and there are no tariffs, planning is easy.

 

[pknopp]

tariffs only affect US businesses if they buy foreign products,

Well and reciprocal tariffs.

buy domestic and there are no tariffs, planning is easy.

Point out a domestic television for me.