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Trump's tariffs and why you shouldn't pearl-clutch over them

Posted on 11/22/24 at 3:04 pm
Posted by theballguy
Bama Park
Member since Oct 2011
27985 posts
Posted on 11/22/24 at 3:04 pm
I understand why tariffs are a concern, but Trump’s tariffs aren’t the usual heavy-handed approach. They'll be different and more strategic.

Unlike broad tariffs, his tariffs will be focused. They won't indiscriminately hit every industry or country unlike what every CNN commentator says. Instead, they will target specific areas like steel and aluminum, as well as countries like China, to address unfair trade practices and economic imbalances.

This won't be chaos for the sake of it—it will be a calculated effort to solve problems that have plagued American businesses for years. It also will give us leverage in trade negotiations.

Also, these measures will encourage domestic production. By making certain imports pricier, they nudge businesses to buy American-made goods, keeping important industries alive and safeguarding jobs right here in the states. True, there may be some short-term cost increases for a small amount of things, but the aim is a stronger manufacturing base and less reliance on foreign imports.

This is not the blunt, sweeping tariff policies of old. These are targeted and will be meant to fix broken systems, not break them even further. So, show a bit of composure and stop worrying so much. The Boss will be in control.
This post was edited on 11/22/24 at 3:06 pm
Posted by Timeoday
Easter Island
Member since Aug 2020
16902 posts
Posted on 11/22/24 at 3:06 pm to
You are exactly right.

Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92592 posts
Posted on 11/22/24 at 3:07 pm to
Thw best is when broke clowns like Rogerthecucker try and tell us its a tax

Then you ask how much and it ends up be 8 a mnth with their math
Posted by theballguy
Bama Park
Member since Oct 2011
27985 posts
Posted on 11/22/24 at 3:09 pm to
The CNN's of the world will always look for the worst in great ideas.

This is not a simple world. Economics is not simple. Hard times require elegant solutions.

Trump's tariff proposals are fairly elegant in my estimation.
Posted by Taxing Authority
Houston
Member since Feb 2010
62435 posts
Posted on 11/22/24 at 3:14 pm to
It was cooler when Biden did it.

LINK

quote:

President Biden’s economic plan is supporting investments and creating good jobs in key sectors that are vital for America’s economic future and national security. China’s unfair trade practices concerning technology transfer, intellectual property, and innovation are threatening American businesses and workers



Instead, they will target specific areas like steel and aluminum, as well as countries like China, to address unfair trade practices and economic imbalances.



quote:

The tariff rate on certain steel and aluminum products under Section 301 will increase from 0–7.5% to 25% in 2024.

Steel is a vital sector for the American economy, and American companies are leading the future of clean steel
Your post reads like a ChatGPt summary of the Biden press release.

Posted by rwestmore7
Member since Nov 2007
829 posts
Posted on 11/22/24 at 3:16 pm to
Do you have a source because that isn’t what came out of his mouth?
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
73707 posts
Posted on 11/22/24 at 3:17 pm to
What tariffs implemented are you talking about?
Posted by BigPerm30
Member since Aug 2011
30702 posts
Posted on 11/22/24 at 3:18 pm to
Trump isn’t dumb. He’s going to use tarrifs as leverage to get a fair deal. It’s not going to cause inflation. The rest of the world needs us buying their shite more than we need them selling us shite.
Posted by winkchance
St. George, LA
Member since Jul 2016
6029 posts
Posted on 11/22/24 at 3:23 pm to
He used them strategically before and they worked. China is mad which is why walmart is mad.
Posted by SJB901Tiger
901
Member since May 2019
97 posts
Posted on 11/22/24 at 4:13 pm to
Ummm no one is going to start making, let’s say, New CV Axles in the US. You won’t tariff it into existence here due to a 25% 301 steel tariff. It will only hurt the consumer in the end. However the average consumer may only need to buy a new cv a couple times in a lifetime. So the one time cost on the consumer on most of these higher cost steel-aluminum items are a huge boost to the treasury while only directly impacting the everyday consumer slightly and gradually increasing the cost on all downstream goods using a given tariffed good.


Staying with the CV example, you may not buy one, but a deliver company with a fleet of trucks may ends up passing their increased maintenance cost to their customer which in turn pass it on to the end consumer.

If it’s going to help the everyday American, you need to cut other taxes imposed on US citizens/ ie income taxes/ in order to avoid the immediate and long term costs
Posted by Penrod
Member since Jan 2011
51563 posts
Posted on 11/22/24 at 4:36 pm to
quote:

Unlike broad tariffs, his tariffs will be focused.

That’s what I think too, but that’s not what he said nor what he campaigned on. That’s why people are clutching pearls.
Posted by jrodLSUke
Premium
Member since Jan 2011
25603 posts
Posted on 11/22/24 at 5:13 pm to
quote:

This won't be chaos for the sake of it—it will be a calculated effort to solve problems that have plagued American businesses for years. It also will give us leverage in trade negotiations.


This is exactly what Trump did with Tariffs in his first term, and it worked fine. I don't know why the pearl-clutchers are buying the latest MSM talking point.
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