Wow, Now Even CBS Is Realizing There Is No Inflation From Tariffs

[Nostra]

They are literally addressed in our constitution

I think you are wrong. ORANGE MAN BAD invented them cuz RUSSIA RUSSIA RUSSIA……..or something……

 

[AntonToo]

Actually the EU made it more expensive, if they did away with the tariffs on our goods. We wouldn't have tariffs on theirs. Do you always hate America?

That is made up, there is not a single deal Trump is doing where he is not adding tariffs, even against countries that have no tariffs against America.

For example there is a 15% tariff against Israel even though they currently have no tariffs against us.

There is no country which was offered a free trade agreement from Trump admin (zero tariffs for zero tariffs)

 

[struth]

Thats is made upbullshit, there is not a single deal Trump is doing where he is not adding tariffs, even against countries that have no tariffs against America.

For example there is a 15% tariff against Israel even though they currently have no tariffs against us.

There is no country which was offered a free trade agreement from Trump admin (zero tariffs for zero tariffs)

Wow…Israel isn’t part of Europe

Geez

 

[AntonToo]

Wow…Israel isn’t part of Europe

Geez

Dummy, the point is Trump has no interest in free trade agreements.

 

[struth]

Dummy, the point is Trump has no interest in free trade agreements.

Then why is he working on them?

 

[Mac1958]

As a few of us have been saying since these tariffs (in their multitude of variations) began, we would not know the full effect of the tariffs on inflation -- good, bad, or indifferent -- until the price increases have fully worked their way through supply chains.

And gee whiz, go figure, Powell pointed that out SPECIFICALLY in his speech: "It will continue to take time for tariff increases to work their way through supply chains and distribution networks,” Powell said. “Moreover, tariff rates continue to evolve, potentially prolonging the adjustment process.”

So there you go. This is why Powell has been hesitant to decrease interest rates. Inflation. As I've been saying. No one knows now. Anyone who thinks they do is either ignorant or a liar. Or both.

 

[AntonToo]

Then why is he working on them?

Name one free trade agreement Trump is working on. ONE

Trump has NEVER said that he is looking for tariff-free agreements, instead he is always talking about how wonderful tariffs are.

ALL of the announced deals by the Trump administration have higher tariffs than before.

 

[berg80]

AI Overview

Examples of tariff-related inflation include rising prices for consumer goods like clothing, furniture, toys, and appliances due to new levies on imports. Businesses pass these increased costs onto consumers, as seen with Adidas, Mattel, and Nike, which have announced price hikes. Tariffs on imported raw materials also contribute to inflation, affecting U.S.-made products that rely on those components, such as the increased cost of fabric for U.S. apparel companies.

Here's a breakdown of how tariff-related inflation occurs, with examples:

• Direct Pass-Through to Consumers
  • Clothing and Apparel: Adidas and Nike have warned of price increases because a significant portion of their products are made in countries like Vietnam and Indonesia, which are subject to new tariffs.
    
    
  • Toys: The price of toys, which are heavily reliant on imports, has shown a notable acceleration in price hikes following new tariffs.
    
    
  • Furniture and Appliances: Prices for furniture, bed linens, and appliances have been increasing due to the tariffs imposed on their import.
    
  • U.S. Domestic Goods: Even U.S.-made goods can become more expensive as they rely on imported components subject to new tariffs.
    
    
  • Manufacturing Costs: Companies that have tried to shift some manufacturing to the U.S. are facing higher costs for imported raw materials like fabric and sewing machines, which then get passed on to consumers.

 

[struth]

Name one free trade agreement Trump is working on. ONE

Trump has NEVER said that he is looking for tariff-free agreements, instead he is always talking about how wonderful tariffs are.

ALL of the announced deals by the Trump administration have higher tariffs than before.

With China, India, EU, Canada, Mexico etc etc

 

[AntonToo]

With China, India, EU, Canada, Mexico etc etc

Did you just make that bullshit up?

All them have higher tariff rates and there has NEVER been any statement from Trump or relevant members of his administration that they are looking for some sort of free trade agreements.

Asstruth is thy name.

 

[struth]

Did you just make that bullshit up?

All them have higher tariff rates and there has NEVER been any statement from Trump or relevant members of his administration that they are looking for some sort of free trade agreement.

No. Trumps entire goal is to get other countries to trade more fairly with us and close barriers

 

[AntonToo]

No. Trumps entire goal is to get other countries to trade more fairly with us and close barriers

Just because you imagine something in your little idiot head doesn't mean it has any relationship to reality.

Trump has NEVER said that he is looking to get to free trade agreements as an end game.

NOT ONCE, which also happens to be number of free trade agreements his administration has proposed to any country.

 

[struth]

Just because you imagine something in your little idiot head doesn't mean it's true.

Trump has NEVER said that he is looking to get to free trade agreements as an end game.

NOT ONCE.

Of course he did, you really must live in bubble…he campaigned on it

 

[AntonToo]

Here is EU proposing a pure free trade agreement to Trump administration:

EU Proposes Tariff-Free Deal to Avert Trade War with U.S. | Politics

The European Commission seeks to avoid a trade war with the U.S. by proposing a 'zero-for-zero' tariff deal, in response to President Trump's tariffs on EU imports. The EU plans retaliatory tariffs on U.S. imports, while advocating negotiations to resolve the issue amid trade tension.

www.devdiscourse.com

Here is Trump rejecting it:

Donald Trump rejects Europe's offer to drop tariffs: "They are screwing us"

"The European Union has been very bad to us," the president said after the "zero-for-zero" proposal from the bloc

www.newsweek.com

How ******* stupid do you have to be to still think Trump has any interest in free trade agreements?

 

[struth]

Here is EU proposing a pure free trade agreement to Trump administration:

EU Proposes Tariff-Free Deal to Avert Trade War with U.S. | Politics

The European Commission seeks to avoid a trade war with the U.S. by proposing a 'zero-for-zero' tariff deal, in response to President Trump's tariffs on EU imports. The EU plans retaliatory tariffs on U.S. imports, while advocating negotiations to resolve the issue amid trade tension.

www.devdiscourse.com

Here is Trump rejecting it:

Donald Trump rejects Europe's offer to drop tariffs: "They are screwing us"

"The European Union has been very bad to us," the president said after the "zero-for-zero" proposal from the bloc

www.newsweek.com

Your point? Are we required to accept whatever they propose?

 

[AntonToo]

Your point? Are we required to accept whatever they propose?

Moron my point is obvious to anyone with half a brain still functioning (not you obviosly):

Trump is not interested in free trade, he wants protectionism through PERMANENT higher rate tariffs.

 

[AntonToo]

Of course he did

Then quote him.

Double dare you asstruth.

 

[struth]

Moron my point is obvious to anyone with half a brain still functioning (not you obviosly):

Trump is not interested in free trade, he wants protectionism through PERMANENT higher rate tariffs.

Then why is he working with the EU on one??

 

[AntonToo]

Then why is he working with the EU on one??

.....How do I explain to you that EU already offered pure free trade agreement and Trump already rejected it?

How?

What do I have to say and in what way?

What does it take for a moron like you to understand most simple, straight forward facts?

 

[task0778]

Wow, Now Even CBS Is Realizing There Is No Inflation From Tariffs​

Yet. It depends on how long those tariffs remain in effect and for how much the tariff is. Prices ARE going rise at some point and when they do it will be inflationary. Don't tell me the foreign exporters are going to pay for that, no they ain't. Tariffs are paid at the point of entry here in the US and it's paid by the importing businesses to the US Gov't. Any new contracts to import anything will have to be negotiated to factor in the higher tariff cost. Maybe the foreign exporter will accept less money for the same stuff, but I wouldn't count on it. There is history about this:


Economists Pablo Fajgelbaum, Pinelopi Goldberg, Patrick Kennedy, and Amit Khandelwal examined the tariffs on washing machines, solar panels, aluminum, steel, and goods from the European Union and China imposed in 2018 and 2019. They found that US firms and final consumers bore the entire burden of tariffs and estimated a net loss to the US economy of $16 billion annually, including more than $114 billion in losses to firms and consumers, offset by small gains to protected producers and revenue gains to the government.

Economists Mary Amiti, Stephen J. Redding, and David E. Weinstein found nearly complete pass-throughfor the tariffs, noting that “US tariffs continue to be almost entirely borne by US firms and consumers.” Some differences emerged across product types. For instance, for steel, the authors found that an initial pass-through of 100 percent fell to 50 percent a year after the South Korea, and tariff was applied. Foreign exporters—mostly in the European Union, Japan—lowered their steel prices somewhat, but US firms and consumers still paid higher prices than they would have without the tariffs.

A recent United States International Trade Commission (USITC) report also confirmed near complete pass-through to import prices. USITC found that imported steel and aluminum prices rose by 22 percent and 8 percent, respectively, following the tariffs. For China 301 tariffs, US importers absorbed the costs of the tariffs through a combination of less favorable margins for sellers and higher prices for consumers or downstream buyers.

Who Pays Tariffs? Americans Will Bear the Costs of the Next Trade War

Contrary to President Trump’s claims, Americans will bear the costs of the next trade war in the form of lower incomes as tariffs cause prices of imported goods to rise.

taxfoundation.org