The Tariffs

[JohnDB]

I do.

We do more business with them than they do with us. The loss of our business would hurt them more than a loss of their business with us.

But my thought is that pain will still be felt. Trump campaigned on lowering prices, yet these tariffs, if left in place for 6 or more months, will raise them, offering no relief from the rising prices we're already seeing from the Biden fiasco.

But they could just stop the flow of Fentanyl and illegal immigration.

They simply don't want to.
And there lies the issue.

 

[Darkwind]

I do.

We do more business with them than they do with us, relative to the sizes of our economies. The loss of our business would hurt them more than a loss of their business with us.

But my thought is that pain will still be felt. Trump campaigned on lowering prices, yet these tariffs, if left in place for 6 or more months, will raise them, offering no relief from the rising prices we're already seeing from the Biden fiasco.

it isn't just the loss of business. It will increase the price of goods in each country. So, which country do you think will blink first?

I find it amusing that the left will increase prices on the entire country to pursue their pet projects and will use laws to modify the behavior of the citizenry but are not crying foul that tariffs are being used to modify behavior, but it is in the defense of the nation.

It is that last part that they hate the most.

 

[Darkwind]

But they could just stop the flow of Fentanyl and illegal immigration.

They simply don't want to.
And there lies the issue.

When we asked them to stop the flow of dangerous people into our country and curb the flow of deadly drugs, they said "NO!"

To Me, that was an act of war. Just how good an ally are they? Not very.

 

[jwoodie]

jwoodie

What am I not getting here? Make me understand.

Tariffs make foreign goods more expensive to import and sell. This will make domestic goods comparatively cheaper to buy. Trump's 10% tariff on Chinese goods may result in slightly higher prices, but the benefit to US industry will be greater. The 25% tariffs on Canada and Mexico are designed to force them to police their borders and deal more fairly with the US. The same with the EU and UK.

 

[task0778]

Trump's 10% tariff on Chinese goods may result in slightly higher prices, but the benefit to US industry will be greater.

There's no trustworthy evidence to believe that and no way to know how much that benefit is. Some industries might benefit but others will not, and it is the American who will pay for that benefit. I hope everyone realizes that a tariff is ultimately paid by the consumer. He/she will pay a higher price for the imported product or buy the higher priced American product. Or neither, maybe the consumers will buy neither and spend their money on something else.

And here's the kicker that no one is talking about: when you levy a tariff on somebody, they will retaliate in kind. They put a tariff on our exports to them, which is going to hurt those affected industries. It's a win-lose scenario, some businesses will do better and others will do worse. And nobody really knows how it will work out. BUT- I maintain that anytime you artificially raise prices on something, imported or not, that is not a good thing for the American consumer.

 

[BluesLegend]

A FACT that cannot be denied is that foreign countries have stolen jobs, IP, entire industries via unfair trade practices and now the big boss is dropping the hammer on those assholes!!

 

[Crepitus]

Futures on all US markets are in the tank. some by over 2 %.

Oil is up as is the dollar.

 

[BluesLegend]

Guess who bought up the former iconic American brands for pennies, yeah the foreign countries that destroyed those American brands with unfair trade practices. Now they sell low quality crap and slap those brand names on it, insulting.

 

[TemplarKormac]

I think I will take market reaction to dictate how I feel about this particular issue.

Don't get me wrong, China, Canada, Mexico, and the EU all need to be hammered for some of their ridiculous trade policies toward the US...

But as far as Canada and Mexico are concerned, they need to be punished for allowing fentanyl to flow across our borders.

 

[JohnDB]

 

[debbiedowner]

There's no trustworthy evidence to believe that and no way to know how much that benefit is. Some industries might benefit but others will not, and it is the American who will pay for that benefit. I hope everyone realizes that a tariff is ultimately paid by the consumer. He/she will pay a higher price for the imported product or buy the higher priced American product. Or neither, maybe the consumers will buy neither and spend their money on something else.

And here's the kicker that no one is talking about: when you levy a tariff on somebody, they will retaliate in kind. They put a tariff on our exports to them, which is going to hurt those affected industries. It's a win-lose scenario, some businesses will do better and others will do worse. And nobody really knows how it will work out. BUT- I maintain that anytime you artificially raise prices on something, imported or not, that is not a good thing for the American consumer.

The Great Depression Lesson About ‘Trade Wars’ | HISTORY

In 1930, raising tariffs across the board hurt the U.S. economy.

www.history.com

Didn't cause the depression but it drew it out much longer than it should.

The Great Depression Lesson About ‘Trade Wars’​

In 1930, raising tariffs across the board hurt the U.S. economy.

 

[BackAgain]

Hypothetical:

Let’s imagine a broad and general U.S. tariff on all imports of all products and materials from other nations.

Let us also imagine that no other nation responds with any tariff against us.

What would the economic effect on US citizens be?

At the very least, in the short term, prices on goods would necessarily have to rise.

As far as our producers go, they might be able to ramp up production to offset the higher costs consumers need to pay. They become more profitable companies and they get to hire more employees to meet the new demand.

The trade imbalances would eventually would become lessened, to our economic benefit.

If it really really worked, in theory, we might be able to entirely eliminate the “income tax.” But, to clarify that: we would still be paying taxes but in the form of the higher prices our importers would have to impose on the consumers (to reimburse them for the tariff THEY pay your government). In brief, Canada or Mexico or China don’t pay a dime to us to provide us with goods and materials. The importers pay it and (as always) they pass along the higher cost to the consumers. That higher cost is effectively the tariff tax.

We’ve used tariffs in this nation to fund government spending for ages. Now, we also pay income taxes on our earnings. That might be able to be eliminated. But we would still be the ones paying taxes via the higher cost per product.

—————-

Now let’s see if we can get away with imposing tariffs even on our own allies without getting hit with reciprocal tariffs.

And if we do have to pay tariffs to other nations, how much would that impact the benefits of having tariffs on our imports?

 

[task0778]

Let’s imagine a broad and general U.S. tariff on all imports of all products and materials from other nations.

Let us also imagine that no other nation responds with any tariff against us.

I mean no offense, but I'm pretty sure a broad and general tariff on all imports would result in one hell of a bad depression. Tariffs raise prices, that is what they do. Big time inflation!

And IMHO your hypothetical is unrealistic. Maybe not every country, but many countries gov't will retaliate against us.

 

[RoshawnMarkwees]

Fun Fact:

US Trade Exports have increased by 400% since 2000-2001. This seemingly exponential growth in our exports would seemingly suggest there would be no need for tariffs.

Trump is neglecting far more effective tools by which he could hammer Canada, China, Mexico, and the EU with. That increase over the past two and a half decades suggests tariffs aren't the best way to handle this. As someone has explained it to me, with far more knowledge on trade than I:

"The exponential revenue growth of our exports over that period of time outstrips the revenue we would gain by tariffs.

But now that we have implemented those tariffs, the US will see fewer imports, which will decrease US exports.

It would simply be better not to place tariffs on US exports at this point. The decrease in imports would likely trigger net job losses stateside."

In short, he said, "he should leave our imports/exports alone."

As for what more effective methods there are, I'll leave that up to you.

If that increased export percentage was outpaced by increased imports then the net is negative, as that is the real number.

 

[Delldude]

I don't know what those tools are.

I was hoping someone else would know. Yes, I'm being flat out honest. I have no clue.

I stumbled on this guy, makes a good point:

 

[jc456]

Tariffs will only trigger a decrease in demand for US goods. It also increases the trade deficit.

How does this help us?

And if it is, how? What is the end goal?

Does this not defeat any positive purpose intended by these tariffs?

 

[EvilCat Breath]

This is the way it will happen. The tariffs will work. Countries will negotiate more favorable agreements. The tariffs will come down. Degenerate democrats will say "Trump blinked".

 

[jc456]

This is the way it will happen. The tariffs will work. Countries will negotiate more favorable agreements. The tariffs will come down. Degenerate democrats will say "Trump blinked".

Again, it's a bunch of stupid people who don't know tariffs already exist against US products. I can't handle the abundance of stupid on this subject. There has not been free trade since the end of WWII.

Look up the Marshall Plan

 

[EvilCat Breath]

Again, it's a bunch of stupid people who don't know tariffs already exist against US products. I can't handle the abundance of stupid on this subject. There has not been free trade since the end of WWII.

Look up the Marshall Plan

Tariffs by other countries have been punishing Americans because "they can afford it."

 

[jc456]

Tariffs by other countries have been punishing Americans because "they can afford it."

That was the mention in the Marshall Plan. Again, far too many intentional stupidity from demofks and RINO's on this topic. Please, I would like them to stfu on something they have no knowledge of.