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re: Trump said he's prepared to raise tariffs as trade war with China heats up
Posted on 7/20/18 at 2:53 pm to GumboPot
Posted on 7/20/18 at 2:53 pm to GumboPot
quote:Intention is irrelevant and impossible to truly know anyways. It’s not a tax because of intentions, it’s a tax because it’s a tax. Although it’s good to know that you’re not only embracing a Bernie Sanders economic policy, you’re embracing his emotional justifications as well.
But saying "tax" belies Trump's intention.
This post was edited on 7/20/18 at 2:57 pm
Posted on 7/20/18 at 2:57 pm to buckeye_vol
quote:
Intention is irrelevant and impossible to truly know anyways. It’s not a tax because of intentions, although it’s good to know that you’re not only embracing a Bernie Sanders is economic policy, you’re embracing his emotional justifications as well.
Did you miss this part of my post you responded to?
quote:
I just don't see how you guys are missing his negotiation style. It's baffling. I mean it's right there in the open.
All Trump is doing is placing EVERYTHING on the negotiation table. Previous administration have removed tariffs from the negotiation table.
"How about we don't have tariffs for both countries?"
Posted on 7/20/18 at 3:00 pm to buckeye_vol
It’s Tariff Time: What Can Adam Smith Teach Us About Trade Policy Today?
In regards to retaliatory tarrifs:
In regards to retaliatory tarrifs:
quote:Although maybe you “not a tax” people are getting your economic views from Karl Marx instead.
When there is no probability that any such repeal [of a tariff in a foreign country] can be procured, it seems a bad method of compensating the injury done to certain classes of our people to do another injury ourselves, not only to those classes, but to almost all the other classes of them. When our neighbours prohibit some manufacture of ours, we generally prohibit, not only the same, for that alone would seldom affect them considerably, but some other manufacture of theirs. This may no doubt give encouragement to some particular class of workmen among ourselves, and by excluding some of their rivals, may enable them to raise their price in the home-market. Those workmen, however, who suffered by our neighbours prohibition will not be benefited by ours. On the contrary, they and almost all the other classes of our citizens will thereby be obliged to pay dearer than before for certain goods. Every such law, therefore, imposes a real tax upon the whole country, not in favour of that particular class of workmen who were injured by our neighbours prohibition, but of some other class.
This post was edited on 7/20/18 at 3:01 pm
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