Trump: "A Tariff is a tax that doesn’t affect our country"

[Woodznutz]

Well it does make sense. The consumers pays more for the product.

The government makes money on the deal

It then becomes a question of how the government spends that money.

The government will use the money to fund programs that will need funding in perpetuity.

"The nearest thing to eternal life is a government program." -Ronald Reagan

 

[eagle1462010]

Tariff is a protectionist trade policy

Yes it is. And it keeps jobs here and KEEPS INDUSTRY HERE.

 

[task0778]

Sounds like a policy to bring on more inflation.

True, that is not the intent but it is the reality. Tariffs are not particularly good for economic growth either, because tariffs result in higher prices and that generally means lower demand. The affected foreign countries from the imposed tariffs will retaliate by creating a tariff on our stuff exported to them, so overall there might be gains for the protected industry but losses in other industries that got screwed. Both democrats and republicans have pursued this policy at various times, and Trump is no exception. It's a populist idea that is actually dumb-shit stupid no matter who does it.

Those interested might want to read about the Smoot-Hawley Tariff Act in 1930 and see what effect it had. It's not like we're in a depression now like we were then, but some people say we could be close to another economic downturn. IMHO, tariffs are a bad idea that doesn't really move the needle much for the balance of trade; pluses are offset by minuses.

 

[Woodznutz]

True, that is not the intent but it is the reality. Tariffs are not particularly good for economic growth either, because tariffs result in higher prices and that generally means lower demand. The affected foreign countries from the imposed tariffs will retaliate by creating a tariff on our stuff exported to them, so overall there might be gains for the protected industry but losses in other industries that got screwed. Both democrats and republicans have pursued this policy at various times, and Trump is no exception. It's a populist idea that is actually dumb-shit stupid no matter who does it.

Those interested might want to read about the Smoot-Hawley Tariff Act in 1930 and see what effect it had. It's not like we're in a depression now like we were then, but some people say we could be close to another economic downturn. IMHO, tariffs are a bad idea that doesn't really move the needle much for the balance of trade; pluses are offset by minuses.

The proof is in the pudding, our trade deficit grew under Trump, and is accelerating under Biden. It will continue to grow as America continues to commit industrial suicide on an industrial scale.

 

[Vrenn]

U.S. Federal Government Revenues: 1790 to the Present

From 1791 to 1811, the Federal Troops were confined to 75K troops. They were underpaid, hungry and couldn't fight their way out of a paper bag. Britain kicked our asses in the War of 1812 burned the newly built Whitehouse. In reality, the only real battle the US won was AFTER the war officially ended. Britain just got bored and could use the troops elsewhere against the French and Spain.

 

[Rambunctious]

Tariff is a protectionist trade policy

That every other nation has...

 

[Rambunctious]

If you don't think we should place tariffs on China then you have fallen for CCP propaganda...

 

[Cassandro]

This is patently false. Either Trump doesn't understand basic economics or he's lying. No matter what he says, tariffs aren't paid by the other country. They're paid by you. In 2019, the Trump administration doled out billions in "free" money to farmers who could no longer sell their goods to China due to their retaliatory strike in buying American agriculture due to Trump's tariffs. I believe this is what MAGA calls "Socialism."

Playing word games again? BTW, are you for or against US tariffs on Chinese goods?

 

[GWV5903]

Notice republicans don’t talk about paying workers more. They talk about making things they buy cheaper.

You are painfully oblivious to how businesses stay in business

 

[Cellblock2429]

This is patently false. Either Trump doesn't understand basic economics or he's lying. No matter what he says, tariffs aren't paid by the other country. They're paid by you. In 2019, the Trump administration doled out billions in "free" money to farmers who could no longer sell their goods to China due to their retaliatory strike in buying American agriculture due to Trump's tariffs. I believe this is what MAGA calls "Socialism."

/—-/ If you don’t buy Chinese crap you don’t pay the tariff. Buy American. Problem solved.
BTW, Dementia Joe kept the tariffs in place and added two new ones.

 

[sealybobo]

Some would call protecting your food source security...

That’s a good industry for us to mandate enough is produced here. Good one.

Car and airplanes should be made here.

Drugs

Chips.

Shoes they can make overseas. Clothing. Cheap shit.

Notice Nike made in China don’t cost $20?

 

[sealybobo]

You are painfully oblivious to how businesses stay in business

Google ford record profits and profit sharing 1999, 1998, 1997, etc.

You’re worrying about shareholders and executive pay. You can’t pay workers fairly and max out profits.

 

[sealybobo]

Yes it is. And it keeps jobs here and KEEPS INDUSTRY HERE.

When free trade opened up, every country in the world except one protected their vital industries. Only america did not because in manufacturing we had overpaid uneducated blue collar workers because they were in unions. Reagan started the war with unions but I noticed republicans especially attacked unions in the 2000s to make it easier as 1 million manufacturing jobs went to Mexico and China. Many people lost pensions when their companies (GM) went bankrupt.

Think about all those people who lost those good jobs in the 2000s, then the housing crash and Great Recession. Google economic despair white uneducated and see what’s happening to all those people today. Suicide, murder, fentynol, alcohol, and now trumps telling them he will bring those jobs back home but 1, we already have low unemployment and 2, what will those jobs pay now?

 

[GWV5903]

Google ford record profits and profit sharing 1999, 1998, 1997, etc.

Unions? You’re referring to less than 12% of the US labor force.

“ Ford (F) has been paying profit sharing under terms of a 1982 contract agreement with the United Auto Workers. There have been 13 payments since the first one in 1984 to reflect 1983 results. Payments were skipped in the lean years from 1990 to 1992.
The company says the total of average profit-sharing payouts since 1984 is more than $32,575.”

The majority of Americans are affected by rising cost from inflation, Biden did a terrible job and who suffers the most, the middle class and underprivileged. You cannot compete with third world labor rates, especially when it’s a Communist government. Tariffs are currently our only way of dealing with this. Our adversaries control their agendas, we flip back and forth every 4 to 6 years.

You’re worrying about shareholders and executive pay. You can’t pay workers fairly and max out profits.

Maxed out profits do not remain in shareholders and executives pockets only. The majority of companies have to pay competitive salaries to maintain their profits.

 

[Harpy Eagle]

So why did Biden/Harris keep virtually all of Trump's tariffs if they were so bad?

Because there is very little difference in the way that they govern.

 

[sealybobo]

Unions? You’re referring to less than 12% of the US labor force.

“ Ford (F) has been paying profit sharing under terms of a 1982 contract agreement with the United Auto Workers. There have been 13 payments since the first one in 1984 to reflect 1983 results. Payments were skipped in the lean years from 1990 to 1992.
The company says the total of average profit-sharing payouts since 1984 is more than $32,575.”

The majority of Americans are affected by rising cost from inflation, Biden did a terrible job and who suffers the most, the middle class and underprivileged. You cannot compete with third world labor rates, especially when it’s a Communist government. Tariffs are currently our only way of dealing with this. Our adversaries control their agendas, we flip back and forth every 4 to 6 years.

Maxed out profits do not remain in shareholders and executives pockets only. The majority of companies have to pay competitive salaries to maintain their profits.

Yes. When America was great 35% of us were unionized. Back then workers wouldn’t let employers hire illegals

 

[HikerGuy83]

You know very well maga's will dispute this, but can't answer who is ultimately going to pay these tariffs. Yep, elect humpty dumpty and watch inflation go down, NOT.

You may pay short term or you may pay long term.

If Harris want's price controls, she'll need tarriffs. People in the border states will be doing a lot of shopping on the other side.

 

[HikerGuy83]

Because there is very little difference in the way that they govern.

And let's not forget that they are not kinds or queens.

Harris nor Trump will do anything if one of the houses is the hands of the opposition.

The GOP better be damn scared about that happening.

When this election is over (and if Trump loses) I never want to hear his name again.

 

[sealybobo]

You may pay short term or you may pay long term.

If Harris want's price controls, she'll need tarriffs. People in the border states will be doing a lot of shopping on the other side.

Sometimes you just have to threaten price controls and, well, looks there food prices are going down.

If corporations are buying up homes and jacking up the price we got to break that racket up.

 

[HikerGuy83]

Sometimes you just have to threaten price controls and, well, looks there food prices are going down.

If corporations are buying up homes and jacking up the price we got to break that racket up.

As long as you and I are fighting, they get their way.

Both parties are bent only fighting.

We have a super wealthy class who will not let go of their wealth easily.