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Started By
Message
re: Trump's section 301 tariffs were successful. The data proves it.
Posted on 3/11/24 at 8:16 am to momentoftruth87
Posted on 3/11/24 at 8:16 am to momentoftruth87
quote:
He’s a retard. TDS is getting old around here.
What occurs when imports become cheaper?
Posted on 3/11/24 at 8:17 am to Warboo
quote:
They would rather we install NAFTA and GATT so we could be in a trade deficit until the world ends.
Wealthy nations will have trade deficits.
Posted on 3/11/24 at 8:17 am to RogerTheShrubber
quote:
Vapid and trite.
Please do better.
Stop using ancient talking points please and talk to us like a human.
You are being talked to at a level you can understand because by your previous posts it is apparent that you do not understand international trade. It is what it is.
Posted on 3/11/24 at 8:18 am to SDVTiger
quote:
How much more did we pay on daily used goods cause of tariff taxes by mean old orange man
Did you read the article? The very article argues the price difference had nothing to do with tariffs and was due to "currency devaluation"
This is the same "currency manipulation" Trump ran on...in 2016.
Here is an actual data-driven analysis of the GDP impact from the tariffs.
quote:
We estimate the retaliatory tariffs will reduce U.S. GDP by 0.04 percent ($9.4 billion) and reduce full-time employment by 29,000 full-time equivalent jobs. Unlike the tariffs imposed by the United States, which raise federal revenue, tariffs imposed by foreign jurisdictions raise no revenue for the U.S. but result in lower U.S. output.
Or we can listen to Thomas Sowell....what does he know?
quote:
What about the view by President Trump that other countries are ripping us off by running trade surpluses?
quote:
It’s pathetic. The very phrase “trade surpluses” gives half a story. There are countries that supply mainly goods, physical goods, and there are other things like services that other countries provide, and the United States gets a lot of money from providing services. To talk about one part of the trading and ignore the other part fails to understand that money is money no matter whether it’s from goods or services.
When you set off a trade war, like any other war, you have no idea how that’s going to end. You’re going to be blindsided by all kinds of consequences. You do not make America great again by raising the price to Americans, which is what a tariff does.
LINK
Posted on 3/11/24 at 8:18 am to RogerTheShrubber
quote:
Wealthy nations will have trade deficits.
That is ridiculous and solidifies my previous statement. You do not know what you are talking about.
Posted on 3/11/24 at 8:18 am to Warboo
Tariffs were successful, see Wuhan virus
Posted on 3/11/24 at 8:20 am to Warboo
So explain it to us. While I do not agree with Roger's positions on tariffs, he's correct about the price aspects. Tariffs are meant to make imports more expensive in comparison to domestically produced goods.
Posted on 3/11/24 at 8:20 am to Warboo
quote:
so we could be in a trade deficit until the world ends.
I'm not scared of trade deficits and never understood why they're so scary to people
If we had a weak economy, that would be one thing. We have the best economy in the world, however. Being able to invest our resources in more advanced, higher-margin outputs is a big advantage over the rest of the world.
Posted on 3/11/24 at 8:20 am to SlowFlowPro
Still cant answer a simple question
Moment is right. This TDS is getting old and stale around here
Moment is right. This TDS is getting old and stale around here
Posted on 3/11/24 at 8:21 am to Warboo
quote:
Ummm....prices being low was not the reason we wanted tariffs. We wanted them to offset a huge trade deficit that has been going on since Moby Dick was a minnow
From the article it appears the primary effect was to push our imports to other countries, not to the US. As highlighted by a few already this article is a mindless propaganda piece that relies on its readers to ignore the contrary data included and glossed.
Posted on 3/11/24 at 8:23 am to Warboo
But we did not. Overall very little changed.
Posted on 3/11/24 at 8:25 am to SDVTiger
quote:
Still cant answer a simple question
I literally did and gave you a link.
Posted on 3/11/24 at 8:26 am to SlowFlowPro
More dollars floating around in the world economy is not a bad thing.
Posted on 3/11/24 at 8:26 am to SlowFlowPro
quote:
I literally did
Then tell me the number
quote:
gave you a link.
So whats the number? Should be an easy answer
Posted on 3/11/24 at 8:27 am to Mo Jeaux
quote:
So explain it to us. While I do not agree with Roger's positions on tariffs, he's correct about the price aspects. Tariffs are meant to make imports more expensive in comparison to domestically produced goods.
In a simple scenario you would be correct. Place a tariff(tax) on a good and it will become more expensive. When demand lowers for that product the exporters have to lower their prices to increase demand. We get the tax and the cheaper product price. Currency values (China is a master of manipulating them buy the way) is a different story and actually the driving force behind most of the data from this article.
Posted on 3/11/24 at 8:28 am to Warboo
quote:
That is ridiculous and solidifies my previous statement. You do not know what you are talking about.
quote:
A strong trade surplus doesn't necessarily mean strong economic growth. Japan, for example, has run a significant trade surplus for most of the past several decades, yet its economy has been stuck in low gear most of that time.
Weatherhead East Asian Institute Columbia University. “Economy and Trade Fact Sheet.”
Germany, too, generally runs a strong trade surplus but registers mediocre economic growth.
In the U.S., some periods of strong economic growth have come at times of a surging trade deficit, as consumers and businesses buy more products and services from abroad, and foreign investors seek to put their money to work in the U.S.
There is no strong link between deficit, surplus and economic conditions. We offshore what isnt efficient, we create here what is efficient. Thats how economies run at max proficiency.
Posted on 3/11/24 at 8:29 am to Warboo
quote:
When demand lowers for that product the exporters have to lower their prices to increase demand
Which makes it even more difficult for American mfgs to compete.
Posted on 3/11/24 at 8:29 am to SDVTiger
quote:
Then tell me the number
quote:
We estimate the retaliatory tariffs will reduce U.S. GDP by 0.04 percent ($9.4 billion) and reduce full-time employment by 29,000 full-time equivalent jobs.
Posted on 3/11/24 at 8:31 am to Warboo
quote:
We get the tax and the cheaper product price.
Who pays the tax?
Posted on 3/11/24 at 8:32 am to SlowFlowPro
So 9.4 bil was the tax on daiy used goods per year?
So break down that down per person that pays taxes here in the US for us please
So break down that down per person that pays taxes here in the US for us please
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