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

.....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?
Yeah but their offer didn’t have everything we wanted

What part of that don’t you get?
 
Yeah but their offer didn’t have everything we wanted

In your own words: What did he want that made ZERO TARIFFS FOR ZERO TARIFFS supposedly not fair?
 
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Here is the fair trade deal with the EU


Asstruth, the deal is for 15% tariff (~13% tariff increase), this while Trump rejected 0% tariff deal from EU.

Do you have any ******* clue what you are quoting or why?
 
Asstruth, the deal is for 15% tariff (~13% tariff increase), this while Trump rejected 0% tariff deal from EU.

Do you have any ******* clue what you are quoting or why?
Yes the free trade agreement with the EU
 
Yes the free trade agreement with the EU

R.6a9bb83637b3a7c29f7e1106fabd6886



Moron, free trade agreement means that tariffs are 0% from both sides.

15% tariff agreement is NOT a free trade agreement by definition of what those words mean.
 
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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.


any mention of groceries?

In earnings calls and public statements, executives of many of America's largest and most profitable grocery retailers are citing Trump's tariffs as justification for passing on the costs to consumers, according to a new report released on Tuesday by Accountable.US.

In a first-quarter earnings call in May, Walmart CEO Doug McMillon said that while the company was better positioned than others to absorb the cost of tariffs, they would still "result in higher prices" for consumers. Since then, some grocery items at America's largest retailer have shown 40% hikes that have outraged consumers, fueling calls for a boycott.

On another call Thursday, McMillon said, "We've continued to see our costs increase each week, which we expect will continue into the third and fourth quarters."
 
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Moron, free trade agreement means that tariffs are 0% from both sides.

15% tariff agreement is NOT free trade agreement.
That’s not what a free trade agreement means

That
any mention of groceries?

In earnings calls and public statements, executives of many of America's largest and most profitable grocery retailers are citing Trump's tariffs as justification for passing on the costs to consumers, according to a new report released on Tuesday by Accountable.US.

In a first-quarter earnings call in May, Walmart CEO Doug McMillon said that while the company was better positioned than others to absorb the cost of tariffs, they would still "result in higher prices" for consumers. Since then, some grocery items at America's largest retailer have shown 40% hikes that have outraged consumers, fueling calls for a boycott.

On another call Thursday, McMillon said, "We've continued to see our costs increase each week, which we expect will continue into the third and fourth quarters."
they likely can get away with doing that, since Trump already got groceries down to a five year low

 
any mention of groceries?

In earnings calls and public statements, executives of many of America's largest and most profitable grocery retailers are citing Trump's tariffs as justification for passing on the costs to consumers, according to a new report released on Tuesday by Accountable.US.

In a first-quarter earnings call in May, Walmart CEO Doug McMillon said that while the company was better positioned than others to absorb the cost of tariffs, they would still "result in higher prices" for consumers. Since then, some grocery items at America's largest retailer have shown 40% hikes that have outraged consumers, fueling calls for a boycott.

On another call Thursday, McMillon said, "We've continued to see our costs increase each week, which we expect will continue into the third and fourth quarters."

12-month-percentage-chan.webp



I'm not seeing that much of an overall change in food prices.
 
That’s not what a free trade agreement means

Asstruth, should someone just take your idiot word for it?



What Is a Free Trade Agreement (FTA)?

A free trade agreement is an arrangement where two or more countries commit to opening up their markets to one another by lowering or removing tariffs, quotas, and other trade barriers, making it easier for goods and services to move between them.




What tariffs Trump removed? NONE.

Instead, Trump INCREASED tariffs, which is the OPPOSITE of free trade agreement.
 
Asstruth, should someone take your idiot word for it?


A Free Trade Agreement (FTA) is a treaty between two or more countries that reduces or eliminates barriers to trade in goods and services, promoting economic growth, investment, and greater market access for businesses. FTAs achieve this by lowering or removing tariffs and non-tariff barriers, standardizing practices, and providing stronger intellectual property protection.


What tariffs Trump removed? NONE.

Instead, Trump INCREASED tariffs, which is the OPPOSITE of free trade agreement.
Um yes it reduces or lowering

What part of that don’t you get? Doesn’t have to be zero
 
Um yes it reduces or lowering

What part of that don’t you get? Doesn’t have to be zero

The part where Trump INCREASED TARRIFS you ******* idiot.

We had effective tarrif rate of about 2% with EU before Trump's 15% tariff deal.
 
The part where Trump INCREASED TARRIFS you ******* idiot.

We had effective tarrif rate of about 2% with EU before Trump's 15% tariff deal.
Yeah to get a better deal
 
Yeah to get a better deal
What fn better deal? :cuckoo: :cuckoo: :cuckoo:

THAT IS THE DEAL.

Trump rejected EU's Free Trade Agreement offer and instead signed 15% tariff deal.


You live out on the moon.
 
15th post
What fn better deal? :cuckoo: :cuckoo: :cuckoo:

THAT IS THE DEAL.

Trump rejected EU's Free Trade Agreement offer and instead signed 15% tariff deal.


You live out on the moon.
The one we haven’t gotten yet
 
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