Why Tariffs Are Good: The Case for Tariffs

It helps by allowing the US and its partners to offer the best trade deals among themselves while excluding China.

How does a tariff war with China help?
Do you think the US will start building cheap TVs?
Wasn't the purpose of these tariffs to bring jobs back to U.S.? Well, I see Vietnam may have made a deal last night and told Trump they would put their's down to zero if the U.S. did the same, he is considering. But no jobs coming back to U.S. So is this all for show.

The few companies that have said they will come back will take years and depending who's in office at that time may go back on promises made today.
 
Wasn't the purpose of these tariffs to bring jobs back to U.S.? Well, I see Vietnam may have made a deal last night and told Trump they would put their's down to zero if the U.S. did the same, he is considering. But no jobs coming back to U.S. So is this all for show.

The few companies that have said they will come back will take years and depending who's in office at that time may go back on promises made today.
If the price of a product is close to what American can sell it for, they may move manufacturing to the US

If it is still much cheaper to buy abroad, they will just pass the tariff on to consumers
 
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Tariffs protect industries and businesses, especially vital industries, from unfair foreign competition. Tariffs prevent huge sums of income from leaving the U.S. America became the industrial giant of the world behind the protective walls of sky-high tariffs for decades.

No, tariffs did not cause or contribute to the Great Depression--that's an old Democrat myth that was floated by FDR and his crowd to attack Republican trade policy, and it's a myth that some Libertarians misguidedly, mistakenly repeat.

Numerous nations around the world have developed their economies by using high tariffs. Think about this: If tariffs are so bad for consumers and the economy, why do so many other nations impose tariffs, including Canada, Mexico, China, Brazil, Argentina, the European Union, Japan, India, South Korea, and Taiwan?

Some reading for further research:




They were never good. They benefit the rich and powerful and subject the poor to more poverty.
 
Trump just raised tariffs on China to 104 percent

Who does he think will pay the increase?
A TV I used to buy for $350 will now cost over $700
 
I don't want to be a total hypocrite here. There are some jobs we should have NEVER sent overseas. A lot of the manufacturing jobs we sent overseas is why the middle class disappeared. It's why uneducated blue collar workers are doing so poorly today. Those jobs were replaced with Walmart jobs. Can't raise a family on those wages. But America consumers got cheap shit from Mexico and China.

Some things, we should continue to buy from other countries. And they buy a lot from us too. Do we want them to stop? So let's strategically move SOME jobs back home, with tariffs.

I'm going to show you the parts of this op ed I want to point out:

The Smoot-Hawley tariff legislation, which increased taxes on some imported goods by a third to two-thirds to protect American industries, was signed into law on June 17, 1930, well into the Great Depression. In the following two years, international trade dropped from 6 percent of GNP to roughly 2 percent of GNP (between 1930 and 1932), but most of that was the result of the depression going worldwide, not Smoot-Hawley.

STOP. So it wasn't Smoot's fault. It was a global depression that dropped international trade from 6 to 2%, not Smoot. But now, it is Trump's tariffs that are going to drop international trade. And why does he think the rest of the world needs us and won't fight back? This is self inflicted!!!


Smoot-Hawley "protectionist" legislation did not cause the Great Depression, and while it may have had a slight short-term negative effect on the economy ("1.4 percent at most" according to many historians) its long-term effect was to bring American jobs back to America.

So as a liberal, I don't want to flip flop from my position during the Bush years. Or when Clinton signed NAFTA. But did you know Bill Clinton put worker and environmental protections in NAFTA before he signed it? I'm sure Bush removed those protections, but my point is, we should bring SOME manufacturing home. But not like this. And not everything. Trump should have picked certain jobs he wanted to bring home.

Weapons
Airplane manufacturing
Cars
Medicines
Chips
Etc.
Agreed BUT that was private industry's choice. Or if we are we going to nationalize certain industries , let's start with health care like the rest of the world did for their people. The one thing that destroys hope and well being for the elderly is insane medical bills causing bankruptcy after working their entire lives trying to build some land and of decent retirement package.
 
Agreed BUT that was private industry's choice. Or if we are we going to nationalize certain industries , let's start with health care like the rest of the world did for their people. The one thing that destroys hope and well being for the elderly is insane medical bills causing bankruptcy after working their entire lives trying to build some land and of decent retirement package.
They aren't going to nationalize jobs they bring home. Corporations will own those plants. And the automation that does the manufacturing. So a plant that once needed 1000 workers will need 5 IT guys. AND that plant will pay no taxes. AND that plant can now pollute as much as it wants with what Republicans did with the EPA.

I do appreciate the jobs and not relying on other countries if the product is vital to our country. I wouldn't want to rely 100% on other countries to get our CHIPS, medicines, bombs we need to fight a war and we should have never let car manufacturing go.

Google Ford record profit sharing and profits 1999, 1998, keep going back. America was great. Why did Bush and Republicans attack GM and Ford workers in the 2000's? Now Trump wants to bring jobs back for those lazy workers? Makes no sense.
 
Tariffs protect industries and businesses, especially vital industries, from unfair foreign competition. Tariffs prevent huge sums of income from leaving the U.S. America became the industrial giant of the world behind the protective walls of sky-high tariffs for decades.

No, tariffs did not cause or contribute to the Great Depression--that's an old Democrat myth that was floated by FDR and his crowd to attack Republican trade policy, and it's a myth that some Libertarians misguidedly, mistakenly repeat.

Numerous nations around the world have developed their economies by using high tariffs. Think about this: If tariffs are so bad for consumers and the economy, why do so many other nations impose tariffs, including Canada, Mexico, China, Brazil, Argentina, the European Union, Japan, India, South Korea, and Taiwan?

Some reading for further research:




The leftwing media hides stories like these just like they hid Biden's dementia and Hunter's laptop. They are dishonest and not to be trusted.
 
Tariffs protect industries and businesses, especially vital industries, from unfair foreign competition. Tariffs prevent huge sums of income from leaving the U.S. America became the industrial giant of the world behind the protective walls of sky-high tariffs for decades.

No, tariffs did not cause or contribute to the Great Depression--that's an old Democrat myth that was floated by FDR and his crowd to attack Republican trade policy, and it's a myth that some Libertarians misguidedly, mistakenly repeat.

Numerous nations around the world have developed their economies by using high tariffs. Think about this: If tariffs are so bad for consumers and the economy, why do so many other nations impose tariffs, including Canada, Mexico, China, Brazil, Argentina, the European Union, Japan, India, South Korea, and Taiwan?

Some reading for further research:




After all the silly bluster, the blowhard has, predictably, wimped out.
After parroting jailbird Navarro's bogus economist, enough of the real ones got through to the doddering gobshite.
 
Tariffs are a tax on consumers
Manufacturing brought to the US will not mean lots of jobs……new factories will be automated

Besides…we have 3 percent unemployment
Why start a trade war?
Facts.
 
Tariffs protect industries and businesses, especially vital industries, from unfair foreign competition. Tariffs prevent huge sums of income from leaving the U.S. America became the industrial giant of the world behind the protective walls of sky-high tariffs for decades.

No, tariffs did not cause or contribute to the Great Depression--that's an old Democrat myth that was floated by FDR and his crowd to attack Republican trade policy, and it's a myth that some Libertarians misguidedly, mistakenly repeat.

Numerous nations around the world have developed their economies by using high tariffs. Think about this: If tariffs are so bad for consumers and the economy, why do so many other nations impose tariffs, including Canada, Mexico, China, Brazil, Argentina, the European Union, Japan, India, South Korea, and Taiwan?

Some reading for further research:




Tariffs can be argued to be good or bad.

Mostly, they are bad because government is interfering in the free market in a way that has major impacts on supply and demand. It discourages nations from producing what they produce best. Instead, a nation is encouraged to produce items that are protect through tariffs.

For example:
The quality of Tomato crops in Florida has been decreasing, while tomato crops keep getting better and better in Mexico. So Washington decides they will protect the tomato farmers in the US by putting a big tariff on Mexican tomatoes which are clearly superior to US tomatoes.

Mexico outraged by the US tariff decide they will protect their grapefruit farmers with a big tariff on US grapefruit, which are far superior to Mexican grapefruits.

Thanks to to goverment manipulation of the supply demand curve, Americans are now buying the crappy US tomatoes due to the high cost of Mexican tomatoes and Mexicans are now buying the crappy Mexican grapefruits instead the better US grapefruits.
 
Tariffs are similar to tax deductions and credits, in that they are used to direct certain kinds of positive/constructive economic behavior.

Not to destroy our standing in the world, create enemies out of friends, and trigger domestic stagflation.
Such unnecessary blundering—awful decision making. Because of Vietnam it took decades to restore our credibility among the community of nations. And it will take decades for us to regain the lost credibility when the Trump tariffs will have ended.
 
Such unnecessary blundering—awful decision making. Because of Vietnam it took decades to restore our credibility among the community of nations. And it will take decades for us to regain the lost credibility when the Trump tariffs will have ended.
Expect friendly and productive discussions with someone after you've threatened, insulted and bullied them, and your rep isn't going to be good.

His/their foreign policy is, "you need us more than we need you, so nyah nyah nyah".

Oh well. It just is what it is. It's what we are now.
 
After all the silly bluster, the blowhard has, predictably, wimped out.
After parroting jailbird Navarro's bogus economist, enough of the real ones got through to the doddering gobshite.
Trump's tariff war is not about protecting American industry. It is about cutting our trade deficit. Although I think Trump is going about it the wrong way, it something that certainly needs to be done. War is a failure of diplomacy and a trade war is the failure of economic foreign policy.
 
The people who force us to live in a market economy are constantly introducing tariffs, duties, privileges, subsidies, grants and fines.
That is, they do not believe in the “invisible hand of the market” and try to control this market all the time. And definitely not in our favor.
 
Think about this: If tariffs are so bad for consumers and the economy, why do so many other nations impose tariffs, including Canada, Mexico, China, Brazil, Argentina, the European Union, Japan, India, South Korea, and Taiwan?

That "other countries do it" is very similar to the reasoning the left uses about national health care.
 

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