Tariffs, how they actually work

[task0778]

Where will Americans get the money to buy the cheap goods from china?

Are all going to sell insurance to each other or be dog groomers?

If you think that tariffs are going to make one little bit of difference about all that then you are sadly mistaken.

 

[konradv]

White Collar Hates Blue Collar

It's better to have the money circulating within America than having it leach out to Third World sweatshops.

The world is changing. People need to move with the times and learn new skills, instead of sitting around and blaming everything on DEI.

 

[Leo123]

Multiple choice question! When the goods arrive, who pays the tariff fees?

A. The exporting company (Chinese, Korean, whatever)
B. The importing company (American employer)
C. Elvis (Currently dead)

There's just one correct answer! Take your guess!

Ultimately the exporter who will lose a huge market share. Elvis lives!!

 

[konradv]

Ultimately the exporter who will lose a huge market share. Elvis lives!!

How is that good for the economy? Prosperity depends on money moving, not setting up barriers.

 

[Leo123]

How is that good for the economy? Prosperity depends on money moving, not setting up barriers.

Americans will buy more American products. BTW, why doesn't say....Japan buy American cars? There are high tariffs on American products in many countries as well. Why don't they drop the tariffs on American products? Tariffs help American manufacturers. Why do you accept high tariffs on American goods?

 

[konradv]

Americans will buy more American products. BTW, why doesn't say....Japan buy American cars? There are high tariffs on American products in many countries as well. Why don't they drop the tariffs on American products? Tariffs help American manufacturers. Why do you accept high tariffs on American goods?

Everyone tariffs, It’s the blanket tariffs that cause problems. Why do you insist on crashing the global economy?

 

[sartre play]

The same as Obama saying he wouldn't start new wars.

Not saying you cant complain about Obama, We need to be staying in the NOW.
Obama gone for 9 years .
No longer a gov employee.

 

[sartre play]

Correct. First option is to pay the tariff and not raise the price of the item sold. If they want to sell in this market they may have to cut their profit margin.

That would be nice, SEE any of those who make the Big bucks doing that?

 

[Flopper]

The trouble with tariffs, is that they raise prices, slow economic growth, cut profits, increase unemployment, worsen inequality, diminish productivity and increase global tensions. Other than that, they’re fine.

 

[pknopp]

Not saying you cant complain about Obama, We need to be staying in the NOW.
Obama gone for 9 years .
No longer a gov employee.

My reply was how both parties fall in line with the lies and neither side has any room to condemn the other side.

 

[citygator]

Americans will buy more American products. BTW, why doesn't say....Japan buy American cars? There are high tariffs on American products in many countries as well. Why don't they drop the tariffs on American products? Tariffs help American manufacturers. Why do you accept high tariffs on American goods?

You can buy everything you wear or have in your home made in America already. You don’t. Because you don’t want to pay the price. You don’t need a tariff to buy American at high prices if you want to pay high prices.

 

[Leo123]

You can buy everything you wear or have in your home made in America already. You don’t. Because you don’t want to pay the price. You don’t need a tariff to buy American at high prices if you want to pay high prices.

Answer this: Why should a foreign country be able to undercut American products and why do some of those same countries levy a high tariff on American products?

 

[NetJedi]

Tariffs are a fee put on foreign products imported into the US for sale to Americans. Their purpose is to help american producers compete with cheap foreign goods. they do not increase the price of american goods sold in america. If you insist on buying Chinese goods you will pay a tariff. The way to avoid that is to buy american made products.

For example: Italy puts a 100% tariff on Harleys sold in Italy. Why? so Italians will buy Italian motorcycles. its simple and it works. It amazes me how the left is unable to understand this simple concept. Foreign countries have been putting tariffs on american goods for years. Trump is merely doing the same thing to them.

If you hate tariffs, the fix is simple: Buy American.

Tariffs CAN be a fair and effective trade policy if they are USED carefully, the best use is to adjust for artificial comparative advantage like for example imbalanced labor costs. If you have a nation where labor is dirt cheap (because of a low standard of living) competing with domestic producers in a nation where the standard of living mandates higher labor costs it is incumbent on the national government to adjust for that unfair advantage and protect it's domestic labor force.

However if they are deployed to protect domestic producers that are inefficient and wasteful of resources, they are a sure fire way to damage your domestic economy.

Examples; in the 1980's Japanese Automakers were kicking U.S. Automakers asses because they were producing higher quality, better designed and engineered and more fuel efficient cars and the big three were producing garbage, this is NOT a situation where tariffs are called for, the big three had to get their act together to compete or die.

Today many Chinese producers are succeeding against U.S. domestic producers because Chinese labor costs are intentionally kept low which is a situation where tariffs makes sense.

 

[citygator]

Answer this: Why should a foreign country be able to undercut American products and why do some of those same countries levy a high tariff on American products?

Do you personally buy everything American? No. Start with yourself.

 

[Leo123]

Do you personally buy everything American? No. Start with yourself.

How about answering my questions first?

 

[Leo123]

Tariffs CAN be a fair and effective trade policy if they are USED carefully, the best use is to adjust for artificial comparative advantage like for example imbalanced labor costs. If you have a nation where labor is dirt cheap (because of a low standard of living) competing with domestic producers in a nation where the standard of living mandates higher labor costs it is incumbent on the national government to adjust for that unfair advantage and protect it's domestic labor force.

However if they are deployed to protect domestic producers that are inefficient and wasteful of resources, they are a sure fire way to damage your domestic economy.

Examples; in the 1980's Japanese Automakers were kicking U.S. Automakers asses because they were producing higher quality, better designed and engineered and more fuel efficient cars and the big three were producing garbage, this is NOT a situation where tariffs are called for, the big three had to get their act together to compete or die.

Today many Chinese producers are succeeding against U.S. domestic producers because Chinese labor costs are intentionally kept low which is a situation where tariffs makes sense.

Chinese labor costs are low because of Uyghurs whose human rights are being abused by China. Uyghurs are subject to forced labor in China. Thus, the cost of production in China is way lower. BTW, Japan has high tariffs and draconian EV requirements on American vehicles which is why you don't see them in that country.

 

[pknopp]

Answer this: Why should a foreign country be able to undercut American products and why do some of those same countries levy a high tariff on American products?

Capitalism?

 

[NetJedi]

Chinese labor costs are low because of Uyghurs whose human rights are being abused by China. Uyghurs are subject to forced labor in China. Thus, the cost of production in China is way lower. BTW, Japan has high tariffs and draconian EV requirements on American vehicles which is why you don't seen them in that country.

That's a factor but the largest factor is that the bulk of the Chinese population's standard of living is kept relatively low in comparison with that of the U.S. by the CCP, principally because the CCP is actively trying to keep it's domestic economy EXPORT DRIVEN instead of CONSUMPTION DRIVEN. The reasoning behind this is obvious; when standards of living rise the population has less tolerance for political and social oppression by the state. The last thing the CCP wants is the average Chinese citizen enjoying the same standard of living as the average American.

 

[Leo123]

Capitalism?

Nope. Forced workers that China uses to export cheap, slave-made products to America.

 

[pknopp]

Nope. Forced workers that China uses to export cheap, slave-made products to America.

No one is forced in China.