Tariffs....they should be glad to pay them...

[justoffal]

Time to stop the nonsense...
Time to stop being suckers.

 

[shockedcanadian]

Yeah, like the movie "Planes, trains and automobiles" when John Candy says to Steve Martin, "I even gave you the dignity of paying."

Errr, thanks man.

 

[Woodznutz]

Tariffs don't increase our national wealth as they are paid for by the importers of foreign goods. Tariffs just give more private sector money to the government.

 

[jwoodie]

Tariffs to protect weak domestic companies are a bad idea. Tariffs to adjust for unfair trade practices and to encourage domestic growth are a good idea.

 

[task0778]

Tariffs don't increase our national wealth as they are paid for by the importers of foreign goods. Tariffs just give more private sector money to the government.

Importers pay the tariffs and then pass the increased cost onto US consumers in the form of higher prices. AND, nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country. So, less imports coming in and less exports going out, that does not sound like a win to me.

 

[Woodznutz]

Importers pay the tariffs and then pass the increased cost onto US consumers in the form of higher prices. AND, nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country. So, less imports coming in and less exports going out, that does not sound like a win to me.

The problem is that if the tariffs are paid the foreign goods still enter the country. Only if the importer won't pay and stops ordering does it hurt the foreign producer. Many imported goods are only available from foreign producers, so they keep coming regardless of tariffs. Worse yet even after the tariffs are paid many imports are still cheaper than domestically produced stuff.

 

[The Duke]

Importers pay the tariffs and then pass the increased cost onto US consumers in the form of higher prices. AND, nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country. So, less imports coming in and less exports going out, that does not sound like a win to me.

They're already tariffing our stuff, we're just not tariffing theirs.
Trump knows what he's doing with this. Canada gotta pay their share, too.
When they gonna get somebody better than Castreaux in there?

 

[DBA]

Importers pay the tariffs and then pass the increased cost onto US consumers in the form of higher prices. AND, nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country. So, less imports coming in and less exports going out, that does not sound like a win to me.

The US is a net importer by a large margin. China, for example, is a net exporter, also by a large margin. Both countries can be harmed by tarriffs, however, which country is better able to withstand high tariffs? I would say the US is by far in a better position to do so. Consumers in the US are the golden goose of the world. We should use tariffs as a negotiating tactic and we should negotiate from a position of strength. This is just one of the many things that has been lacking under the currrent administration. They don’t negotiate anything from a position of strength and yet the US is in that position in almost every front.

 

[Woodznutz]

Importers pay the tariffs and then pass the increased cost onto US consumers in the form of higher prices. AND, nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country. So, less imports coming in and less exports going out, that does not sound like a win to me.

True, tariffs are self-inflicted wounds to the economies of both nations.

 

[task0778]

The problem is that if the tariffs are paid the foreign goods still enter the country. Only if the importer won't pay and stops ordering does it hurt the foreign producer. Many imported goods are only available from foreign producers, so they keep coming regardless of tariffs. Worse yet even after the tariffs are paid many imports are still cheaper than domestically produced stuff.

Yeah, and the tariffs usually apply to imports from country X, so sometimes country X sends their stuff through country Y and avoids the tariff.

 

[jwoodie]

The problem is that if the tariffs are paid the foreign goods still enter the country. Only if the importer won't pay and stops ordering does it hurt the foreign producer. Many imported goods are only available from foreign producers, so they keep coming regardless of tariffs. Worse yet even after the tariffs are paid many imports are still cheaper than domestically produced stuff.

This is the problem with static analysis: It assumes that changing conditions do not induce responsive behavior.

 

[Zincwarrior]

They're already tariffing our stuff, we're just not tariffing theirs.
Trump knows what he's doing with this. Canada gotta pay their share, too.

Canada has a free trade agreement with the US.

 

[Concerned American]

nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country.

That is a given. The idea, from the US side, is to level the playing field by discouraging the purchase of those leveraged foreign goods and promote the purchase of domestic products that have been disadvantaged by the unfair trade practices of the foreign governments. No doubt tariffs increase the prices of imported goods, that is what they are intended to do.

 

[Concerned American]

Canada has a free trade agreement with the US.

Canada has a free trade agreement with the US. Fixed it for you. Tariffs still exist.

 

[candycorn]

Importers pay the tariffs and then pass the increased cost onto US consumers in the form of higher prices. AND, nobody seems to notice that the foreign countries affected by our tariffs will retaliate with their own protectionist actions against our stuff coming into their country. So, less imports coming in and less exports going out, that does not sound like a win to me.

Its a lose/lose proposition. You’d think that the blob would get something right just based on the law of big numbers. You’d be wrong.

 

[MisterBeale]

How Tariffs Benefit the Working Class and Reduce Income Inequality​

How Tariffs Benefit the Working Class and Reduce Income Inequality | Coalition For A Prosperous America

Tariffs are a progressive policy that reverse the negative economic effects of free trade, creating good-paying jobs, boosting working-class income, and reducing income inequality.

prosperousamerica.org

‘Free Trade’ Globalization Largely Only Benefits the Very Rich​

". . . If free trade and economic globalization is so bad for the working class in developed countries, then who is it for? Does it help inequality in developing countries? No.

“Our findings reject the argument that globalisation contributes to reducing income inequality in developing countries as the results for developing countries also point to small-to-moderate positive effects of globalisation on income inequality (just as in the advanced country group).” states a Vienna Institute for International Economic Studies meta-analysis combining 1,254 observations from 123 primary studies.(8)

Then who benefits from free trade? It is the very richest, primarily those who own or invest in capital, technology, and transnational corporations, that benefit from reduced trade barriers. According to a Harvard University study, “We conclude that the import channel is the dominant force linking trade to earnings inequality, with the largest gains from trade occurring at the top of the income distribution.”(9)

Indeed, since 1980 and the beginning of the U.S.’s manufacturing outsourcing and trade liberalization policies, household income growth has far outpaced the comparatively flat income growth of the average American as shown in Figure 3. . . "

 

[DBA]

Canada has a free trade agreement with the US.

For now.

 

[alang1216]

Tariffs to protect weak domestic companies are a bad idea. Tariffs to adjust for unfair trade practices and to encourage domestic growth are a good idea.

Yes, and they should be temporary and have a sunset date so everyone knows it.

 

[task0778]

That is a given. The idea, from the US side, is to level the playing field by discouraging the purchase of those leveraged foreign goods and promote the purchase of domestic products that have been disadvantaged by the unfair trade practices of the foreign governments. No doubt tariffs increase the prices of imported goods, that is what they are intended to do.

You don't seem to care at all about how the increase in the price of imported goods impacts the poorest among us. Whether or not the low income people purchase a domestic product or not is beside my point. They are still paying more for the same thing and that is inflationary and also lowers their standard of living. Why? Because now they can no longer spend the money they saved when they bought the lower-priced imported item on something else.

 

[task0778]

How Tariffs Benefit the Working Class and Reduce Income Inequality​

How Tariffs Benefit the Working Class and Reduce Income Inequality | Coalition For A Prosperous America

Tariffs are a progressive policy that reverse the negative economic effects of free trade, creating good-paying jobs, boosting working-class income, and reducing income inequality.

prosperousamerica.org

‘Free Trade’ Globalization Largely Only Benefits the Very Rich​

". . . If free trade and economic globalization is so bad for the working class in developed countries, then who is it for? Does it help inequality in developing countries? No.

“Our findings reject the argument that globalisation contributes to reducing income inequality in developing countries as the results for developing countries also point to small-to-moderate positive effects of globalisation on income inequality (just as in the advanced country group).” states a Vienna Institute for International Economic Studies meta-analysis combining 1,254 observations from 123 primary studies.(8)

Then who benefits from free trade? It is the very richest, primarily those who own or invest in capital, technology, and transnational corporations, that benefit from reduced trade barriers. According to a Harvard University study, “We conclude that the import channel is the dominant force linking trade to earnings inequality, with the largest gains from trade occurring at the top of the income distribution.”(9)

Indeed, since 1980 and the beginning of the U.S.’s manufacturing outsourcing and trade liberalization policies, household income growth has far outpaced the comparatively flat income growth of the average American as shown in Figure 3. . . "

Have you ever heard the axiom that correlation does not prove causation? In this case, it means that while higher income growth has occurred at the top 5 and 10%, there is absolutely no proof that globalization has anything to do with it, nor the imbalance of trade. Tariffs have absolutely nothing to do with income, other than investment income that the bottom half or so of the people on the income ladder do not have.

And when I see this: Tariffs are a progressive policy, I know right away what follows is bullshit.