Trump Says He Can't Guarantee Americans Won't Pay More as a Result of Tariffs

[Curried Goats]

Why then are costs passed onto consumers the fault of greedy CEOs when they are the result of higher taxes but the fault of a politician when they are the result of higher tariffs? In both cases the businesses are passing on the higher costs to the consumers.

When we decide what's too greedy. It's an inherently subjective distinction. How much inequality is okay with you?

 

[hadit]

When we decide what's too greedy. It's an inherently subjective distinction. How much inequality is okay with you?

I want businesses foreign and domestic to play on a level playing field. It's not fair to make the US compete with countries that impose very high tariffs on our goods while having none or very little applied to their goods.

 

[struth]

Tariffs are both. They are a rebranded tax on specific goods and materials that consumers ultimately pay for. AND, any time you pay more for the same thing, THAT is inflation.

Taxes aren’t inflation

Yes taxes can raise the cost of goods by adding more to the product cost, but inflation is when the value of the dollar decreases…two different things

Harris wanted to raise corp taxes across the board on Americans raising all cost due to the tax. Trumps tariffs are targeted on specific foreign manufacturered goods, that a business can decide not to use, or a citizen can decide not to buy from and avoid that tax…moreover trump and the gop want to cut the corp tax rate to off set any more of that

 

[JGalt]

They understand, but they need to fearmonger for the next 4 years

I refuse to listen to them anymore. They cried "Wolf!" every day since the Trump's came down that escalator in 2016 so I swear, I will put every Trump-hater on ignore for the next four years, if that's what it takes.

 

[Cellblock2429]

Why did Trump veto that bill?

Trump vetoes defense bill - Roll Call

Trump has taken issue with a provision that would rename military bases that honor Confederate generals and with the lack of a provision that would deprive social media companies of their legal liability shields.

The president also balked at language that would impose limits on how many troops can be withdrawn from Afghanistan and Germany — and how quickly.

/—-/ What’s your point. I’m saying a president has no choice but to sign if Congress refuses to renegotiate.
Are you playing stupid or just being obstinate to get attention?

 

[task0778]

Taxes aren’t inflation

Yes taxes can raise the cost of goods by adding more to the product cost, but inflation is when the value of the dollar decreases…two different things

Harris wanted to raise corp taxes across the board on Americans raising all cost due to the tax. Trumps tariffs are targeted on specific foreign manufacturered goods, that a business can decide not to use, or a citizen can decide not to buy from and avoid that tax…moreover trump and the gop want to cut the corp tax rate to off set any more of that

Dude, a tariff is basically another name for a sales tax that goes to the gov't as revenue. And in reality when you raise the price on something without increasing the value, that is inflationary. IOW, when the price of something goes up, the consumer sees it as inflation. You can call it whatever you want to, but at the end of the day a consumer's income doesn't go as far as it did before the tariff was imposed and so for me that is inflation.

So, the consumer has to pay more for what he/she wants. Yes, they can decide to buy something else that they didn't want before as an alternative to the higher-priced item they used to buy, or maybe they actually need the item and buy it anyway at the higher price. That's called gov't intervention, and I for one do not appreciate it. I didn't like when the democrats did it before and I don't like it now when Trump does it. Free trade is better for everybody, especially those people on the low end of the income ladder.

 

[Mac-7]

That's the exchange for businesses being allowed to exist. You act like businesses have a right to exist and government is an imposition on them rather than the thing that allows them to exist in the first place.

You sound like a marxist

Businesses have a natural right to exist

Its pinhead public employees who are lucky we allow them to suck off the government teat

 

[struth]

Dude, a tariff is basically another name for a sales tax that goes to the gov't as revenue. And in reality when you raise the price on something without increasing the value, that is inflationary. IOW, when the price of something goes up, the consumer sees it as inflation. You can call it whatever you want to, but at the end of the day a consumer's income doesn't go as far as it did before the tariff was imposed and so for me that is inflation.

So, the consumer has to pay more for what he/she wants. Yes, they can decide to buy something else that they didn't want before as an alternative to the higher-priced item they used to buy, or maybe they actually need the item and buy it anyway at the higher price. That's called gov't intervention, and I for one do not appreciate it. I didn't like when the democrats did it before and I don't like it now when Trump does it. Free trade is better for everybody, especially those people on the low end of the income ladder.

A tariff isn’t a sales tax, it’s a tax on the company, like corp tax, yes I agree both are passed on to the customer and of course both are revenue to the govt

Inflation devalues the dollar, and hits all goods and services.

A corp tax is similar, but it’s not devaluing the dollar as much as adding to the cost of production same with a tariff, but a tariff isn’t access the board and targets specific countries and goods

 

[jc456]

One of the main reasons Trump was elected was due to the inflation experienced over the past four years. Trump repeatedly hammered the Biden Administration over the cost of groceries. Now, with the rate of inflation down under 3%, he's admitting his tariffs might raise prices back up.

I remain amazed at how ignorant you demofks are on this topic. Funny how if the other countries tarrif our products it affects Americans, but if we tariff other countries, it’s still on Americans? How does that work? Explain

 

[Mac-7]

I'm asking because you don't appear to know. Do you have a trade deficit with Walmart and your local grocery store?

You keep asking questions without offering any answers of your own

And then when you do come out with something it makes no sense

A trade deficit with Kroger or Walmart?

Thats utter nonsense

They are not foreign countries with missiles aimed at America

 

[Mac-7]

I don't have a side and I know exactly what it is which is why I can explain it:

You answered a post that was aimed at Curried Goats

That makes him your tag team partner on this thread

 

[jc456]

Only if you continue to buy the product.
If you don't buy the product or stop buying it, the tariffs mean nothing to you.
The point to the tariffs here is that they raise prices so high that most people here STOP buying the stuff then the source nation (China, etc.) suffers for a severe loss of exports which they cannot afford to lose, so they acquiesce and agree to import more exports from us then everyone benefits.

Or they can refuse, suffer huge economic problems and we find someone else to supply us or we make it here on our own.
Bottom line is that this causes everyone to migrate towards fairer trade.

That’s the other thing, they think all Americans buy the same products

 

[jc456]

So….just like what they do in Europe.

He’s unfamiliar with the Marshall plan. Let’s ask him how many American made cars are in Europe. Didn’t Joe place 100% tarrifs on china EVs

 

[Mac-7]

California had the highest average at $5.84 per gallon and Mississippi had the lowest at $3.26, according to a chart by the AAA. Following California, Nevada, Washington, Hawaii and Oregon also topped the list.

All deep blue states following the example of anti fossil fuel greenies

 

[struth]

By that logic they shouldn't be taxed at all to save the consumer a buck. You guys act like tax revenue is a bad thing.

Yes! Agreed we shouldn’t have corp income tax at all…or at least as small as possible

Glad you finally see this

 

[Mac-7]

So you think we should eliminate all taxes?

Speaking only for myself the answer is no

I favor a flat tax where all of us pay the same tax rate on every dollar of income with no exemptions

The tax rate should be low but everyone should pay something

 

[jc456]

Tariffs CAUSE prices of goods to rise in price, when selling to the whole seller, then again when the whole seller, sells to the retailer, then the retailer raises his retail price on consumers to pay for it.

Prove it

 

[TimFitz]

OK,,

whats your point??

The point was very obvious, dispite your effort to pretend otherwise.

 

[jc456]

By that logic they shouldn't be taxed at all to save the consumer a buck. You guys act like tax revenue is a bad thing.

Doesn’t it affect the price on goods?

 

[jc456]

The point was very obvious, dispite your effort to pretend otherwise.

What is it