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Message
Can Those Of You Who Advocate Tariffs...
Posted on 3/10/25 at 1:20 pm
Posted on 3/10/25 at 1:20 pm
"Because the US Taxpayer needs to stop paying for the whole world" please explain to me how tariffs work?
Because I don't think they work the way you do.
What I mean by that is give me a scenario, say a fictional company we'll call TariffLand.
Let's say TariffLand imposes a tariff of 100% on all goods imported from the United States.
Who pays that tariff? I'll make it multiple choice:
Is it...
A. The United States Treasury. As in, each time a good is imported the US Treasury cuts Tariffland a check for 100% of the value of the imported good.
B. The retail business inside TariffLand who imported the goods to begin with.
C. The retail business inside TariffLand who imported the goods to begin with, who then passes along the cost of the tariff to its customers in the form of higher prices.
So we'll go with which answer is the most correct.
I'll give you a hint. It's not A.
When other countries impose tariffs against the United States, NO ONE IN THE UNITED STATES PAYS THOSE TARIFFS. The business importing the good pays it and then almost certainly passes along some or all of the cost of the tariff to customers in the country imposing he tariff. A 1000% tariff imposed by another country against the US doesn't cost US taxpayers a dime. It may cost US producers some market share (see below) but it doesn't cost US taxpayers anything. The country who pays the tariff is the country who imposes it. You need to understand that, because you need to understand that by imposing tariffs against other countries, Trump is about to raise prices for American consumers (which he himself has admitted).
I get that there's an (ostensibly temporary) strategy here that Trump is working, but it's not to benefit the American taxpayer. It's to benefit the American exporter and to end up with free trade without artificial protectionist measures. I get that. If you think you're going to explain that to me, please don't bother, I'm not talking to you and I get that already.
I'm talking to these people who post over and over again that "We have to even this up, the American taxpayer can't pay for the whole world."
In other words, people who obviously have no idea how this all works.
Because I don't think they work the way you do.
What I mean by that is give me a scenario, say a fictional company we'll call TariffLand.
Let's say TariffLand imposes a tariff of 100% on all goods imported from the United States.
Who pays that tariff? I'll make it multiple choice:
Is it...
A. The United States Treasury. As in, each time a good is imported the US Treasury cuts Tariffland a check for 100% of the value of the imported good.
B. The retail business inside TariffLand who imported the goods to begin with.
C. The retail business inside TariffLand who imported the goods to begin with, who then passes along the cost of the tariff to its customers in the form of higher prices.
So we'll go with which answer is the most correct.
I'll give you a hint. It's not A.
When other countries impose tariffs against the United States, NO ONE IN THE UNITED STATES PAYS THOSE TARIFFS. The business importing the good pays it and then almost certainly passes along some or all of the cost of the tariff to customers in the country imposing he tariff. A 1000% tariff imposed by another country against the US doesn't cost US taxpayers a dime. It may cost US producers some market share (see below) but it doesn't cost US taxpayers anything. The country who pays the tariff is the country who imposes it. You need to understand that, because you need to understand that by imposing tariffs against other countries, Trump is about to raise prices for American consumers (which he himself has admitted).
I get that there's an (ostensibly temporary) strategy here that Trump is working, but it's not to benefit the American taxpayer. It's to benefit the American exporter and to end up with free trade without artificial protectionist measures. I get that. If you think you're going to explain that to me, please don't bother, I'm not talking to you and I get that already.
I'm talking to these people who post over and over again that "We have to even this up, the American taxpayer can't pay for the whole world."
In other words, people who obviously have no idea how this all works.
53
Posted on 3/10/25 at 1:21 pm to wackatimesthree
You don’t get the game, do you?
Posted on 3/10/25 at 1:22 pm to BBONDS25
quote:
You don’t get the game, do you?
You didn't read the post, did you?
Posted on 3/10/25 at 1:22 pm to wackatimesthree
It comes down to is the US being treated fairly in the “tariff” world.
Are we paying more than our share with International matters?
Is there federal govt waste?
Are we paying more than our share with International matters?
Is there federal govt waste?
Posted on 3/10/25 at 1:23 pm to wackatimesthree
It's similar when leftists argue that taxing corporations does not tax people.
Posted on 3/10/25 at 1:23 pm to wackatimesthree
quote:
What I mean by that is give me a scenario, say a fictional company we'll call TariffLand.
We don't have to give you fiction. 2 examples. Mexico and Columbia. Both were imposing VATs/Tariffs/etc... on American goods. Trump threatened them with Tariffs. Those countries announced they will do what we want, thus no tariffs.
This isn't hard unless you want it to be hard.
Posted on 3/10/25 at 1:24 pm to lsusteve1
If Trump wants it then I do - he has proven he is the smartest politician of my lifetime.
He continues to be proven right about everything
And we all know he has to burn it all down before building it up again.
He continues to be proven right about everything
And we all know he has to burn it all down before building it up again.
Posted on 3/10/25 at 1:26 pm to BugAC
quote:
We don't have to give you fiction. 2 examples. Mexico and Columbia. Both were imposing VATs/Tariffs/etc... on American goods. Trump threatened them with Tariffs. Those countries announced they will do what we want, thus no tariffs.
This isn't hard unless you want it to be hard.
Yep, it's amusing to see the "equity" crowd howl at the moon when the topic of reciprocal tariffs comes up. It's okay for India to charge 250% tariffs on certain imported goods from the US, but if we do the same thing and match the rates they've imposed on US imports for DECADES, suddenly we're the bad guys.
frick that.
Besides...
Posted on 3/10/25 at 1:27 pm to wackatimesthree
I'm hopeful they work but ultimately, I don't think they will unless Trump is just going to go back and forth. Which if he does that, he'll lose everyone.
He seems like he is just acting out a kind of, this is my great idea fantasy (the liberals have one too - let's make everything free ... why not?) kind of thing and it *should* work. But this kind of thing almost never does.
He seems like he is just acting out a kind of, this is my great idea fantasy (the liberals have one too - let's make everything free ... why not?) kind of thing and it *should* work. But this kind of thing almost never does.
Posted on 3/10/25 at 1:28 pm to wackatimesthree
quote:
It may cost US producers some market share (see below) but it doesn't cost US taxpayers anything.
Should we start digging into the amount of foreign aid given to countries who have extraordinarily high tariffs placed on US imports?
Posted on 3/10/25 at 1:29 pm to wackatimesthree
quote:
You didn't read the post, did you?
I did. You are either extremely naive or extremely ignorant. Which is why I said “you don’t get the game, do you?”
Posted on 3/10/25 at 1:30 pm to wackatimesthree
“Let me ask you some questions”.
But “let me also answer them for you”
But “let me also answer them for you”
Posted on 3/10/25 at 1:32 pm to theballguy
quote:
But this kind of thing almost never does.
It already has with many countries. I already mentioned Mexico and Columbia, also Taiwan.
TSMC (TWSE: 2330, NYSE: TSM) today announced its intention to expand its investment in advanced semiconductor manufacturing in the United States by an additional $100 billion. Building on the company’s ongoing $65 billion investment in its advanced semiconductor manufacturing operations in Phoenix, Arizona, TSMC’s total investment in the U.S. is expected to reach US$165 billion
Another strategy, if you don't want tariffs, build in the US. It's multifaceted and benefits America. Canada is essentially, the left "resisting" at all costs. But, when the reality of the economic situation hits them, they too will fold. 29% of Canada's GDP is from trade with US. Less than 2% of America's GDP is trade with Canada.
Posted on 3/10/25 at 1:33 pm to wackatimesthree
I thought the point was to bring the economy and jobs back to Tarrifland and promote companies to not move overseas or across the boarder? When did they start doing 100% tarrifs?
This post was edited on 3/10/25 at 1:48 pm
Posted on 3/10/25 at 1:33 pm to wackatimesthree
All tarrifs should be reciprocal.
If they put 25% on our products, their consumers opt to buy their country’s products instead. It takes us out of the game and our workers cannot make as much.
It’s only fair that we place a 25% tarrifs on their goods to give our manufactured a chance to make the product and sell it domestically to our Country.
Or for the simpletons out there, how about this.
We place a ZERO percent tariff to match their ZERO percent tariff. Just have to get tarrifland to stop these bad tariffs.
If tariffs are baaaaad, then tell tarrifsland to stop them.
If they put 25% on our products, their consumers opt to buy their country’s products instead. It takes us out of the game and our workers cannot make as much.
It’s only fair that we place a 25% tarrifs on their goods to give our manufactured a chance to make the product and sell it domestically to our Country.
Or for the simpletons out there, how about this.
We place a ZERO percent tariff to match their ZERO percent tariff. Just have to get tarrifland to stop these bad tariffs.
If tariffs are baaaaad, then tell tarrifsland to stop them.
This post was edited on 3/10/25 at 1:36 pm
Posted on 3/10/25 at 1:39 pm to BugAC
quote:
We don't have to give you fiction. 2 examples. Mexico and Columbia. Both were imposing VATs/Tariffs/etc... on American goods. Trump threatened them with Tariffs. Those countries announced they will do what we want, thus no tariffs.
Another guy who didn't read the post.
Posted on 3/10/25 at 1:42 pm to dstone12
quote:
“Let me ask you some questions”.
But “let me also answer them for you”
You know why?
Because I've asked probably 20 different posters to tell me which tariffs the American taxpayer pays over various threads and no one ever answers the question.
Doubt it?
Look at how many of the responses here talk about everything except the fact that the people who pay the tariffs are the people who reside in the countries that impose them.
Even though I asked people to please not do that. Even though I clearly stated that I understand the "negotiating tactic" nature of it.
They cannot or will not address that fact.
Posted on 3/10/25 at 1:50 pm to wackatimesthree
The trade position of reciprocity can lead to free trade too. It does not necessarily always mean a trade war. Reciprocity assumes it takes two to tango.
For example, Argentine President Javier Milei has proposed pursuing a free trade agreement with the United States because of Trump's reciprocity disposition on trade. This is a departure from the Mercosur (Argentina, Brazil, Paraguay, and Uruguay), trade bloc.
Argentina has decided to go the free trade route on Trump trade reciprocity deal. And guess what...Argentina has one of the world's largest beef markets in the world.
We finna eat.
For example, Argentine President Javier Milei has proposed pursuing a free trade agreement with the United States because of Trump's reciprocity disposition on trade. This is a departure from the Mercosur (Argentina, Brazil, Paraguay, and Uruguay), trade bloc.
Argentina has decided to go the free trade route on Trump trade reciprocity deal. And guess what...Argentina has one of the world's largest beef markets in the world.
We finna eat.
Posted on 3/10/25 at 1:50 pm to TrueTiger
quote:
It's similar when leftists argue that taxing corporations does not tax people.
It is not the same.
Taxes on a corporation are rather straightforward. The company is taxed in dollars and pays out of pocket.
Tariffs have far more complexity. Two of the more important ones that are not present in a domestic tax situation are: Tariffs are imposed on countries whose costs are largely in another currency, and therefore there are strategic ways to manipulate the currency without imposing more costs on the producer. This is what China did with the tariffs imposed in trump's first term.
Second, governments can and do provide subsidies for producers. The U.S. does so with agriculture producers, other countries do with a whole host of industries - particularly export industries. This lessens or eliminates tariff costs to domestic producers.
Posted on 3/10/25 at 1:52 pm to wackatimesthree
Why do you hate American businesses and refuse to complain about foreign tariffs on american products?
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