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Started By
Message
re: Mark Levin on Tariffs
Posted on 7/25/18 at 9:27 am to OMLandshark
Posted on 7/25/18 at 9:27 am to OMLandshark
quote:
If Trump came out tomorrow against the tarriffs, they’d turn on a dime with their opinion.
Trump openly supports free trade. Tarriffs are a means to that. They are not the ultimate goal.
He’s even tweeted about it multiple times recently.
1
Posted on 7/25/18 at 9:28 am to dewster
quote:
How can you possibly know that if we aren’t clear on what will be negotiated between the US and EU or US and China and when those agreements are finalized?
My guess, Trump folds pretty quickly. He's winging it, making it up as he goes
Posted on 7/25/18 at 9:34 am to CivilTiger83
quote:executive has far too much power. Hopefully congress restrains it, not just for this executive but for future ones.
PS Does anybody else think it's crazy that Trump can arbitrarily set tariifs on any product and claim national security as the reason? That is Congress's job as laid out in the Constitution... Or do we not care about that document anymore?
Posted on 7/25/18 at 9:34 am to dewster
quote:
Trump openly supports free trade. Tarriffs are a means to that. They are not the ultimate goal.
They’re a dumb way to do that. If Trump wants to lose his moderate base to the Democrats, keep up this dumb shite and if Biden is the nominee, they will vote for him.
Posted on 7/25/18 at 9:36 am to OMLandshark
quote:
If Trump wants to lose his moderate base to the Democrats, keep up this dumb shite
This strategy plays very well to the moderates in the rust belt, which is exactly where Trump’s base are located. Much better than the longstanding strategy of doing absolutely nothing.
quote:
They’re a dumb way to do that
How would you handle tarriffs being applied to American produced goods sold in China or the EU?
All I see is criticism and no alternative strategy of getting us from here to a free trade agreement that’s beneficial to more producers and more consumers in the US.
This post was edited on 7/25/18 at 9:38 am
Posted on 7/25/18 at 9:36 am to RogerTheShrubber
quote:
RogerTheShrubber
This is again, dishonest.
You realize when companies go from a 22% effective tax rate to a 9% effective tax rate, they physically have more dollars on hand and therefore their margins are higher, right?
The only reason some subsidies are going out right now is because we’re only 7 months into the new system and companies and people haven’t possibly actualized their annual accounting.
It’s quite a bit more complex than just income-expenses=profit. And this accounting isn’t actuated or realized day to day or even month to month.
Companies are still paying for and producing from inventories they bought/procured last year.
Some of you clowns have no idea how any of this works.
This post was edited on 7/25/18 at 9:47 am
Posted on 7/25/18 at 9:37 am to RogerTheShrubber
quote:
f Trump came out tomorrow against the tarriffs, they’d turn on a dime with their opinion.
quote:
Bingo. It's simply a case of losing all judgement to support a personality. "Living Color" wrote a song about this..
Trump is against tariffs. However Trump is also willing to use tariffs to get better trade deals.
The end result is better trade deals.
You are probably for that too. You just don't like using everything on the negotiating table to get there.
Posted on 7/25/18 at 9:38 am to GumboPot
quote:
However Trump is also willing to use tariffs to get better trade deals.
He's making an unreasonable gamble. I believe he folds rather quickly
Posted on 7/25/18 at 9:39 am to BeefDawg
quote:
This is again, dishonest.
It's simple economics
Posted on 7/25/18 at 9:39 am to RogerTheShrubber
(no message)
This post was edited on 5/27/23 at 3:52 am
Posted on 7/25/18 at 9:39 am to RogerTheShrubber
quote:
If so you wouldn't have to bail out industry negatively affected by tariff, would you?
This is silly. The tariffs just kicked in 5 freaking weeks ago, and you want to attribute subsidies and prices to them ALREADY.
You have no idea how any of this works.
This post was edited on 7/25/18 at 9:49 am
Posted on 7/25/18 at 9:40 am to GumboPot
Everyone including Trump supports free and fair trade.
Libertarians object to it on principle, but that’s where their contributions end.
Democrats and RINOs hate it because it’s a Trump strategy and it pleases his rust belt base.
Libertarians object to it on principle, but that’s where their contributions end.
Democrats and RINOs hate it because it’s a Trump strategy and it pleases his rust belt base.
Posted on 7/25/18 at 9:40 am to MisslePig
quote:
First off, you are only focusing on his consumer impact discussions. Completely ignoring other aspects of an economy and country. When it comes to discussing these specific economic theories in the economic community it is given you are only talking about one specific side and impact.
Second, you are ONLY considering the scenario where no tariff existed before. Milton Friedman SPECIFICALLY states that the answer to tariffs is a retaliation of tariffs.
Third, you are relying on the more imports vs exports equals higher quality of life as an absolute. Milton himself has admitted it has upper and lower limits.
There is no one in the world who thinks the US will become an export economy, just restore a healthier economic balance between whats best for the consumer and whats best for industry/economy/state.
all very twisted and incorrect statements--
BTW the US may very well become a net exporting country as we continue to produce more oil.
This post was edited on 7/25/18 at 9:42 am
Posted on 7/25/18 at 9:41 am to cahoots
quote:
I'm not mistaken, the ag assistance that Trump is using is capped at $30 billion. We're $12 billion in right now. And we're threatening to impose tariffs on even more Chinese goods. What happens when they hit back again?
Farmers dont make money year round. Most bust arse all year and sell their crops via futures (while still in the field) or they roll the dice on pricing and sell it when harvested. Either way, its once per year.
Subsidies can come in many farms since many operate thru loans until the sell of crops.
Let's take Chinese steel. They sell it year round, so their steel business is hit immediately and is ongoing daily.
That business gets pummeled more and quicker than a farmer who needs a subsidy of some sort. We take care of the farmers once, and we're good for that for a year. Can China go a year with higher tariffs on exports to US that represent a huge amount of their GDP?
Simple answer is No.
This post was edited on 7/25/18 at 11:18 am
Posted on 7/25/18 at 9:41 am to dewster
quote:
How would you handle tarriffs being applied to American produced goods sold in China or the EU?
Ummm keep up the status quo:
It’s correcting itself as it is, and Trump is just being a bull in a china shop. Trump has fricked up gambling before and he’s playing with fire here.
Posted on 7/25/18 at 9:42 am to dewster
quote:
This strategy plays very well to the moderates in the rust belt, which is exactly where Trump’s base are located.
it will play well until they feel the economic pinch. Then it will fall flat.
If the tariffs continue for a long period of time, layoffs will start.
Posted on 7/25/18 at 9:43 am to RogerTheShrubber
quote:
It's simple economics
It’s economic theory.
We don’t have free trade in reality today, and are at an artificial competitive disadvantage because of tariffs placed on American goods.
Doing nothing won’t solve that problem.
Posted on 7/25/18 at 9:43 am to BeefDawg
quote:
You have no idea who any of this works.
I'm not the one claiming tax savings offset tariffs
Posted on 7/25/18 at 9:44 am to RogerTheShrubber
quote:
There's nothing to back up your assertion. The tax cuts will not offset the negative affects of tariffs.
The tax cuts are awesome, but companies aren't hoarding those savings to make up for the negative affects of tariffs
This is complete bullshite. You have no basis for this assertion. It is 100% nothing but your biased opinion.
“Yes, every company is going to have double-digit increase to their bottom line margins because of tax cuts and regulation elimination, but I’m certain they will still raise prices over tariffs... just because!”
GTFO
Posted on 7/25/18 at 9:45 am to brian_wilson
quote:
it will play well until they feel the economic pinch.
GDP growth is 4% today while CapEx is up. Unemployment is down and manufacturing activity is up.
What economic pinch has been felt?
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