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Started By
Message
Tariffs cost states $200 billion
Posted on 2/11/26 at 7:41 am
Posted on 2/11/26 at 7:41 am
quote:
New analysis of U.S. Census data shows that states across the U.S. where key midterm elections will take place this year paid over $134 billion in tariffs in the period since President Donald Trump began implementing widespread trade duties in March 2025 through last November. In all, the U.S. Census data compiled by Trade Partnership Worldwide showed a total of $199 billion in tariffs paid by states during that time period.
quote:CNBC
“Americans struggling with affordability rightly blame tariffs for higher prices on many everyday purchases,” said Dan Anthony, executive director of the We Pay the Tariffs small business coalition and president of Trade Partnership Worldwide. “The president could eliminate tens of billions in taxes in the states that will determine the 2026 elections. He just doesn’t want to,” Anthony said.
Anthony said his coalition is highlighting the new data to counter rhetoric about tariffs being “paid by other companies” and being “paid to Americans” and to “educate the public about how tariffs actually work and who pays the price for them: American small businesses, workers, and consumers.”
A pretty long read
4
Posted on 2/11/26 at 7:59 am to bigjoe1
A lot of that is tariffs on products that should be manufactured in the US for national security reasons, like medicines and computer chips.
Posted on 2/11/26 at 8:00 am to bigjoe1
quote:
“Americans struggling with affordability rightly blame tariffs for higher prices on many everyday purchases,”
Everything that I am struggling with because of higher prices started in 2020 and most have actually come down since 2024, though not much and they are nowhere near the 2016 levels.
Blaming this on tariffs is like never brushing your teeth and then blaming your bad breath on the onions that were on your hamburger.
Posted on 2/11/26 at 8:04 am to Jax-Tiger
quote:
A lot of that is tariffs on products that should be manufactured in the US for national security reasons, like medicines and computer chips.
OK. We will give you that.
Tariff industry with a national security interest.
That is not what Trump wants to do nor is it what he is doing. Trump wants universal baseline tariffs. He wants tariffs on all imports whether they are a national security interest or not.
Posted on 2/11/26 at 8:12 am to bigjoe1
quote:
A pretty long read
I can shorten it for you. You think we should be making everything offshore using cheap foreign labor.
Posted on 2/11/26 at 8:22 am to bigjoe1
quote:
Americans struggling with affordability
I remember when the press and liberals were OK with the transitive price increases.
Posted on 2/11/26 at 8:27 am to Jax-Tiger
quote:
like medicines and computer chips.
Almost all computer chips and medicines still have zero tariff rates.
Those tariffs were very narrow and barely affected any of the major players. And most medicine tariffs were immediately rolled back before enactment
This post was edited on 2/11/26 at 8:28 am
Posted on 2/11/26 at 8:31 am to Snipe
What other than gas has a lower price?
Posted on 2/11/26 at 8:32 am to SloaneRanger
quote:
I can shorten it for you. You think we should be making everything offshore using cheap foreign labor.
I'm in favor of tariffs and bringing production back to America.
It's just naive to believe that there will not be some inflationary pressure in the process.
Posted on 2/11/26 at 8:35 am to frogtown
quote:
Trump wants universal baseline tariffs.
True. But he has said he would like ZERO tariffs if other countries would not tariff US goods or put other barriers to trade on US goods.
Other countries won't, so he's going to go with the US tariffs. I don't mind. The tariffs encourage US companies to manufacture goods in the US. With the looming thread of jobs elimination because of AI, manufacturing jobs will be good to have here.
Tariffs have not been the drain on our economy that people have warned us of, and it helps us balance our trade deficits.
Other countries have been taking advantage of our unbalanced tariff situation since the Marshall Plan. We're $39T in debt and can't keep being the world's piggy bank. We have to get closer to a state of equilibrium on trade, UN and NATO funding, and policing bad actors on the international stage. Other countries won't like it, but they need to start doing their part, now.
Posted on 2/11/26 at 8:36 am to KWL85
quote:
What other than gas has a lower price?
Some of the food I'm, buying is lower than it was in 2020-2024, But again, not pre-2020 levels.
other things as well. not going to list everything but It's something I notice. A lot of stuff is still high as ever, and tariffs may have some effect but I just do not see it to the level they are trying to make it out to be. Most of this stuff sky rocketed in 2020-2023 long before tariffs were ever mentioned.
Posted on 2/11/26 at 8:42 am to frogtown
I'm old enough to remember the hundreds of textile mills in the South. Cotton production and textiles went hand in hand. Then in the late '60's the tariffs on Indian textile products were dropped. The whole Southern textile industry died quickly.
NYC had many textile sweat shops that all quickly dried up at the same time. I rented a 6,500 sq ft basement for $300 a month at the time in what is now Soho.
The same thing happened in many American industries to one degree or another. It isn't just production that was exported, it was in many cases know-how also.
NYC had many textile sweat shops that all quickly dried up at the same time. I rented a 6,500 sq ft basement for $300 a month at the time in what is now Soho.
The same thing happened in many American industries to one degree or another. It isn't just production that was exported, it was in many cases know-how also.
Posted on 2/11/26 at 8:52 am to Auburn1968
NAFTA killed southern textiles
Posted on 2/11/26 at 9:01 am to Snipe
quote:
But again, not pre-2020 levels.
Pre-2019 is starting to be seven years ago. We’re not going back to those price levels for food without some sort of hard economic downfall, which we don’t need.
Posted on 2/11/26 at 9:05 am to Jax-Tiger
quote:
True. But he has said he would like ZERO tariffs if other countries would not tariff US goods or put other barriers to trade on US goods.
There are zero tariffs with many products in the USMCA. Trump is looking to blow that up that agreement. There is a review on July 1, 2026 which allows Trump to terminate it. We will see what happens.
Vietnam thought they had a "zero tariff" agreement with the US. They were surprised to see it announced at 18%.
Bottom line. Trump wants the revenue created by the tariffs. He doesn't want "zero for zero".
quote:
Tariffs have not been the drain on our economy that people have warned us of, and it helps us balance our trade deficits.
They are a tax. They take money out of the hands of American consumers with which they would have been able to purchase more goods and services. They reduce your standard of living. Just like a tax increase does.
These are not my words. These are the words of every decent right wing economist who has studied tariffs over the last 50 years. I am talking about Friedman, Rothbard and Hoppe.
Posted on 2/11/26 at 9:06 am to Snipe
Don't think you know what prices were in 2020. The prices on the vast majority of food and everything else is higher than 2020.
Posted on 2/11/26 at 10:31 am to frogtown
quote:
Trump wants the revenue created by the tariffs. He doesn't want "zero for zero".
I agree. He has said he wants to eliminate tariffs, but other countries don't want to - they depend on that money, as it is like a hidden tax - no different than making corporations pay their "fair share". Trump pivoted to the "reciprocal tax", which is set to make the overall playing field level. We don't trade our oranges for their oranges. We trade our oranges for their apples, so he just sets an overall tariff level.
He does enjoy the revenue, but as much as anything, it gives him leverage for those times when other countries do things that are detrimental to the US.
Again, we can eliminate most of those tariff taxes by buying American products, when possible. There is a zero tariff on some of the more critical products.
I don't understand why Trump is catching shite on this. Prices have NOT skyrocketed, as people have said, and all Trump is doing is looking at inequalities built into the system and trying to level the playing field. He's doing it with our trading partners, NATO, The UN, etc, and it is PISSING people off. We should be asking, "WHY are some people so pissed off? Is Trump cutting off your gravy train?". People who benefited from the old system don't like it.
Trump is a disruptor, but I don't see where China, Taiwan, Mexico, Viet Nam, and Europe should be allowed to put tariffs on US goods and we have to settle for zero tariffs in exchange. In the long run, we're better off.
Posted on 2/11/26 at 10:46 am to frogtown
quote:
They are a tax. They take money out of the hands of American consumers with which they would have been able to purchase more goods and services. They reduce your standard of living. Just like a tax increase does.
I guess the bottom line is whether you would rather ship all of our manufacturing overseas in order to get the prices down or would you rather pay a little extra and make more things here in the US?
I think most people would prefer the latter.
A lot of people are saying that AI is going to reduce the number of jobs in the US. That has to be offset, somewhere, so Trump is seeking to add more manufacturing jobs and deport cheap illegal labor. I like the strategy.
Posted on 2/11/26 at 11:00 am to Jax-Tiger
I want tariffs and a national sales tax, but no income taxes.
Posted on 2/11/26 at 11:04 am to LSUSUPERSTAR
quote:
I want tariffs and a national sales tax, but no income taxes.
The Fair Tax plus reciprocal tariffs would be good.
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