Trump's tariffs leading to welfare farming

[kyzr]

Just Wow. Mate your not the dumbest of these maga chimps but this is top class fuckwittedness.

Wow. Your post says you can't refute my post so you sling shit like a chimp.

 

[ColonelAngus]

You do not want tariffs, produce here. It is only complex to stupid **** morons who adhere to liberal ideology and are in the ORANGE MAN BAD cult.

The border cannot possibly ever be closed! It took Trump a month to get border crossings down 95%.

You people know you are liars. You have to ask why.

THE VAX IS SAFE AND EFFECTIVE.
RUSSIA AND TRUMP COLLUDED TO STEAL 2016
THE VIRUS CAME FROM A BAT ******* A PANGOLIN
THE LAPTOP IS FAKE
MAR A LAGO IS WORTH $17 MILLION
JOE BIDEN IS IN PERFECT COGNITIVE HEALTH

My one solace in all of this is that I know lots of you lying left wing dumb ***** are vax damaged. You all can get fucked. I am sorry to my conservative brothers and sisters who were duped by BIG PHARMA.

Tariffs are working. They are encouraging investment in the US.

 

[kyzr]

New Balance has their niche, Made in America.... Not their design or technical or leading edge advancement....or a fad for the younger age to rage over....
They can only buy the soles in bulk, it is what they already do, and raising the price of a major component of their shoe is not pennies...why would their workers be happy about tariffs? Why would anyone be happy about tariffs? You don't get it.

The entire purpose of tariffs is to protect US manufacturers from cheap imported goods, a side benefit is tax revenue.
With a $37T debt and a $1.1T interest debt we need to stop borrowing and start paying that debt down.
Trump and Republicans are fiscally responsible, democrats are fiscally irresponsible.

 

[cnm]

US made or imported car?

Congratulations on retirement. I hope your 401k and IRA keep you comfortable.
Join the SS and Medicare vigilantes.

You voted for Chump, right?

 

[cnm]

The entire purpose of tariffs is to protect US manufacturers from cheap imported goods, a side benefit is tax revenue.
With a $37T debt and a $1.1T interest debt we need to stop borrowing and start paying that debt down.
Trump and Republicans are fiscally responsible, democrats are fiscally irresponsible.

I bet you don't know Chump's forecast deficit.

 

[cnm]

Federal budget deficit hits record $1.1T in first 5 months of fiscal year

New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.

www.foxbusiness.com

​

​

The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data.​

​

The Treasury Department's latest monthly treasury statement showed that February's monthly deficit was $307 billion — up from $128 billion in January. That figure is also about $10.7 billion higher than in February 2024.​

​

Since fiscal year 2025 began on Oct. 1, the federal budget deficit has totaled a new record of $1.146 trillion, according to Treasury data. Compared with the first five months of fiscal year 2024, this year's budget deficit is tracking more than $318 billion larger.​

​

The nonpartisan Congressional Budget Office (CBO) released an analysis that broke down the changes in federal spending and tax revenue, which found that the former far outpaced the latter.​

 

[Mac1958]

Just Wow. Mate your not the dumbest of these maga chimps but this is top class fuckwittedness.

Do you think this is igorance or just dishonest partisan game-playing?

 

[Tommy Tainant]

Wow. Your post says you can't refute my post so you sling shit like a chimp.

I cant take your post seriously. You dont know who pays tariffs. Its a Canute like defence.

 

[WorldWatcher]

1. All importers are not American.
2. By definition US manufactured products do not pay tariffs, "US content of trucks made in Mexico" for example
3. True, US sellers may eat some of the tariff to keep market share

4. The US consumer only pays a small percentage of the tariff, if any of it.

1. All importers to America, those being companies located in the US placing orders for goods and materials being shipped to the US are "American" importers regardless of the country that may own them. Goods are shipped to a port of entry. CPB collects the import tax (tarrif) on the goods, then releases them for shipment into the rest of the supply chain.

2. US Manaufacture goods DO pay tarrifs on raw materials imported to the country to produce the goods. Farmers have seen a spike in costs partially do to increase fertilizer costs. That's because Pot Ash is used in fertilizer and 80% of the Pot Ash used is imported from Canada. My car is made in Indiana, but the parts to make the car are imported. So even "American Made" goods are impacted by tarrifs. Even "New Blance" shows, as was previously pointed out, might be made in American - but the materials are imported meaning tarrifs.

3. US supply chains are not going to "eat tarrifs" in the long term. Many companies stocked up and expanded inventories pre-tarrif for non-perishable goods/materials, those stocks are running out. Any "eating" by the supply chain is/was temporary, long term the total cost of tarrifs will be put squarely on the shoulders of consumers.

4. "The US consumer only pays a small percentage of the tariff, if any of it." This is just false, over the long term the import taxes are paid by the consumer through increased costs for goods and services.

WW

 

[WorldWatcher]

US made or imported car?

US Made.

Lafayette, Indiana

Congratulations on retirement. I hope your 401k and IRA keep you comfortable.
Join the SS and Medicare vigilantes.

Both my wife and I are retired military. In retirement we'll have - combined - 6 revenue streams***. That's without touching our 401k/IRA. Gross income decreases, but spendable income will actually be slightly higher, good news for standard of living.

We're going to try leave the 401Ks/IRAs untouched as long as possible for Long Term Care needs - hopefully - far down the road. If we both pass suddenly, then that can go to the kids.

WW
.
.
.
*** I actually ran the numbers. Because we have diversified revenue streams, 6 total, 2 of which are SS. A 25% decrease in SS cira 2034 because the Trust Fund gets exhausted and SS reverts to FICA only to pay benefits. That 25% reduction in SS will result in only a 7% decrease in Gross Income. Meaning we won't be happy, but it will not be catestrophic for us. We can tighten our belts over 7% and still will have the 401Ks/IRAs to fall back on.

 

[Care4all]

The entire purpose of tariffs is to protect US manufacturers from cheap imported goods, a side benefit is tax revenue.
With a $37T debt and a $1.1T interest debt we need to stop borrowing and start paying that debt down.
Trump and Republicans are fiscally responsible, democrats are fiscally irresponsible.

It would take an awfully high tariff rate to make the imported goods higher than what it costs to move manufacturing to the USA. The importers won't just move everything here at a huge cost of building factories, importing the equipment, finding the land and area where the population can support the factory production needs....factories in China are COLOSSAL in size, with very dense populations to support the worker needs to run the assembly line....for every one shoe factory in China, it would be at least 5 big factories here in America....that comes at a cost that will be compared and analyzed, up and down, and right and left by experts in the field until they've determined how all the numbers add up....

It won't be emotional decision making, they have stockholders that they answer to....it'll all be about profit and where the numbers lie.

It could be more beneficial to move their manufacturing out of China but in to Vietnam or South Korea or Indonesia or to a region much closer than the USA, with denser populations to support the workforce needed at still a much lower cost than packing up and moving back to the USA and very high labor costs.

What is WRONG with all of this for the Shoe industry is that they BEGGED THE US GOVT TO PUT TARIFFS on shoes imported from foreign countries like Hong Kong and China to help them keep their manufacturing here.....begged, begged, begged and begged...and the government REFUSED to help the shoe industry manufacturing HERE!

Free trade
Free trade
Free trade

Is all we heard.

So, the US GOVT pushed the shoe manufacturing OUT of this Country and in to China....one by one....the New Balance family was able to work it out and stay, because it was a ONE person owner, and not a corporation with stock holders.

AND NOW, 30-40 YEARS LATER you are putting tariffs, after we moved everything overseas and all of our factories and skilled workers are dead and gone?

That's just utter bullshit!

 

[kyzr]

You voted for Chump, right?

Trump, not chump. Biden and Harris were chumps.

Trump had a fantastic first 8-months. You're welcome.

 

[struth]

Can you really be that stupid? Trump slaps on a tariff, the receiving country retaliates with a tariff. I mean we have been down this road before, in Trump's first administration. Soybean farmers got hit especially hard. And it is not just tariffs. China started buying soybeans from Brazil.

The other country already had a tariff.

 

[kyzr]

I bet you don't know Chump's forecast deficit.

If you are referring to the CBO's projected deficit, yes I do.
Originally, in January, the CBO projected a $4.8T 10-year add to the debt.
Then in June the CBO revised their projection to include tariff revenue.
CBO said that the BBB cut $1.2T off Biden's $1.85T budget deficit.

Congress can cut another $205b if they implement the DOGE savings
More revenue can be realized if the GDP grows more than the 1.8% the CBO predicted.
The $1.1T in interest cost for the $37T can be reduced as the Fed lowers the interest rate ($300b for every 1% cut)
So the "forecast deficit" is not set in stone, but it is much better than Biden's.

 

[kyzr]

The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data.​

The Treasury Department's latest monthly treasury statement showed that February's monthly deficit was $307 billion — up from $128 billion in January. That figure is also about $10.7 billion higher than in February 2024.​

Since fiscal year 2025 began on Oct. 1, the federal budget deficit has totaled a new record of $1.146 trillion, according to Treasury data. Compared with the first five months of fiscal year 2024, this year's budget deficit is tracking more than $318 billion larger.​

The nonpartisan Congressional Budget Office (CBO) released an analysis that broke down the changes in federal spending and tax revenue, which found that the former far outpaced the latter.​

Trump's budget starts in October. Don't blame Biden's deficit on Trump.

 

[Hafar1014]

The chickens are coming home to roost across the heartland of America. As harvest season approaches, our farmers, many of them Trump voters, are looking at a nonexistent market for their crops, especially corn and soybeans as a result of Trump's self imposed trade war.
There is moneÿ built into the budget bill to provide assistance (welfare) to farmers to compensate for the lost revenue from the crops they can't sell so that may save some from bankruptcy. Still, here we go with another case of Trump's rhetoric about "making America Great Again" not matching the reality of the results of his incompetent policies.

Tariffs are hurting farmers​

Brown said one issue that rounds out all the problems farmers are facing: tariffs.

“I think the tariffs are the ice cream on the cake of a perfect storm,” said Brown. “When you try and sell a product, okay, U.S. soybeans leaving New Orleans without the tariff to China are cheaper than Brazilian soybeans, at the current market. But when you put the tariff on top of them, Brazilian beans are cheaper.”

What can be done to help farmers?

“In the short term, they have no choice but to mail us a check,” said Brown. “I don’t know a farmer that likes the check program. Nobody wants to take the taxpayer dollars, but nobody wants to go broke, nobody wants to lose everything. Long term, we have to have options, markets, and places to sell our product.”

‘I have never been as worried as I am now’: Arkansas farmers gather to share concerns

Hundreds of farmers gathered in Brookland to speak with representatives of Arkansas leaders to share with them their urgent plight: the difficulties they face in farming today.

www.kait8.com

U.S. producers of corn and soybeans have sent dire warnings as prices for their crops have crashed in recent years while President Donald Trump’s trade war whipsaws farmers.

On Thursday, the National Corn Growers Association raised alarms about “the economic crisis hitting rural America, as commodity prices drop at a time when input costs remain at near-record highs.”

Corn prices have plunged more than 50% from their 2022 peak, while production costs are down just 3% in that span, translating to a loss of 85 cents per bushel, the NCGA said, adding that the outlook for next year is worse with even lower prices and higher costs.

The NCGA called on Congress and the Trump administration to boost demand, including via higher blends of ethanol and increased foreign market access.

A week before that, the American Soybean Association sent a letter to Trump, warning that “U.S. soybean farmers are standing at a trade and financial precipice.”

Rural America is suffering an economic crisis as crop prices plunge — 'U.S. soybean farmers cannot survive a prolonged trade dispute' | Fortune

"Prices continue to drop and at the same time our farmers are paying significantly more for inputs and equipment."

fortune.com

BS the problem farmers gas is the cost of gas which Biden made worse

 

[struth]

Federal budget deficit hits record $1.1T in first 5 months of fiscal year

New data from the Treasury Department shows the federal deficit is $318 billion larger in the first five months of fiscal year 2025 compared with the last fiscal year.

www.foxbusiness.com

​

​

The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data.​

​

The Treasury Department's latest monthly treasury statement showed that February's monthly deficit was $307 billion — up from $128 billion in January. That figure is also about $10.7 billion higher than in February 2024.​

​

Since fiscal year 2025 began on Oct. 1, the federal budget deficit has totaled a new record of $1.146 trillion, according to Treasury data. Compared with the first five months of fiscal year 2024, this year's budget deficit is tracking more than $318 billion larger.​

​

The nonpartisan Congressional Budget Office (CBO) released an analysis that broke down the changes in federal spending and tax revenue, which found that the former far outpaced the latter.​

It began Oct 1 of 2024, we are operating under Xiden's last budget.

Thank you for the reminder.

 

[kyzr]

I cant take your post seriously. You dont know who pays tariffs. Its a Canute like defence.

This is recopied from my post #35.
It shows that "contractual agreements" affect who pays how much of the tariffs. It varies.

 

[SeaMajor7]

It's amazing that the demented LEFT are now economic geniuses who majored in ORANGE MAN BAD MUST THINK OPPOSITE.
That's all they have.

 

[kyzr]

1. All importers to America, those being companies located in the US placing orders for goods and materials being shipped to the US are "American" importers regardless of the country that may own them. Goods are shipped to a port of entry. CPB collects the import tax (tarrif) on the goods, then releases them for shipment into the rest of the supply chain.

I disagree with that statement.
My son works for a foreign owned company. There are many foreign owned companies and franchises located in the US.

2. US Manufactured goods DO pay tariffs on raw materials imported to the country to produce the goods. Farmers have seen a spike in costs partially do to increase fertilizer costs. That's because Pot Ash is used in fertilizer and 80% of the Pot Ash used is imported from Canada. My car is made in Indiana, but the parts to make the car are imported. So even "American Made" goods are impacted by tariffs. Even "New Balance" shows, as was previously pointed out, might be made in American - but the materials are imported meaning tariffs.

True. Tariffs on steel and aluminum do add to final costs. I agree that SOME of the input costs are increased by tariffs, even by US made goods. BUT, consumer prices for US made products are much less affected than for 100% foreign made goods.

3. US supply chains are not going to "eat tariffs" in the long term. Many companies stocked up and expanded inventories pre-tariff for non-perishable goods/materials, those stocks are running out. Any "eating" by the supply chain is/was temporary, long term the total cost of tariffs will be put squarely on the shoulders of consumers.

Unless they buy US made products, which would pay much lower tariff costs.

4. "The US consumer only pays a small percentage of the tariff, if any of it." This is just false, over the long term the import taxes are paid by the consumer through increased costs for goods and services. WW

US consumers will not pay 100% of tariffs. If the importers and manufacturers and merchandisers do not eat most of the tariffs their products will not sell.