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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 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.
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 on 11/22/24 at 3:07 pm to theballguy
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
Then you ask how much and it ends up be 8 a mnth with their math
Posted on 11/22/24 at 3:09 pm to Timeoday
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.
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 on 11/22/24 at 3:14 pm to theballguy
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:Your post reads like a ChatGPt summary of the Biden press release.
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
Posted on 11/22/24 at 3:16 pm to theballguy
Do you have a source because that isn’t what came out of his mouth?
Posted on 11/22/24 at 3:17 pm to theballguy
What tariffs implemented are you talking about?
Posted on 11/22/24 at 3:18 pm to theballguy
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 on 11/22/24 at 3:23 pm to theballguy
He used them strategically before and they worked. China is mad which is why walmart is mad.
Posted on 11/22/24 at 4:13 pm to theballguy
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
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 on 11/22/24 at 4:36 pm to theballguy
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 on 11/22/24 at 5:13 pm to theballguy
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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