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Trump to move quickly on tariffs
Posted on 10/12/24 at 8:39 am
Posted on 10/12/24 at 8:39 am
[link=(www.cnbc.com/2024/10/12/trump-trade-tariffs-lighthizer-election-china.html)]LINK[/link]
CNBC article this a.m.
Sorry. Not sure how I messed up the link but it's a front page article.
CNBC article this a.m.
Sorry. Not sure how I messed up the link but it's a front page article.
This post was edited on 10/12/24 at 8:41 am
5
Posted on 10/12/24 at 9:09 am to bigjoe1
Good
Posted on 10/12/24 at 9:35 am to bigjoe1
I guess he wants more inflation.
quote:
Trump could announce 60% Chinese tariffs and 10% across-the-board tariffs shortly after taking office
Posted on 10/12/24 at 9:55 am to UltimaParadox
Do you realize this will mean domestic production increases?
Posted on 10/12/24 at 9:58 am to Tshiz
quote:
Do you realize this will mean domestic production increases?
There are a lot of things we don't produce and can't produce that will get hit by a 10% universal tariff.
This post was edited on 10/12/24 at 10:20 am
Posted on 10/12/24 at 10:01 am to UltimaParadox
Yeah this is going to be inflationary. All of the companies paying tariffs will pas along as much as possible to the consumer. I doubt it creates any new employment. It takes years to build manufacturing facilities . Also, do we have a workforce to staff these factories/
Posted on 10/12/24 at 10:03 am to Tshiz
quote:
Do you realize this will mean domestic production increases?
Not sure what that has to do with my post.
Sure domestic production might increase in a few things, but don't think 10% is enough to bring much back to the USA.
All it will do is raise prices
Posted on 10/12/24 at 10:05 am to bigjoe1
So much for the fiscally conservative party
Posted on 10/12/24 at 12:05 pm to Tshiz
quote:
Do you realize this will mean domestic production increases?
Even stuff assembled in USA often imports parts from china.
Posted on 10/12/24 at 3:00 pm to jrowla2
Raise tariffs and lower income taxes. This is a major win for the middle class.
Posted on 10/12/24 at 3:31 pm to FinleyStreet
quote:
So much for the fiscally conservative party
It is conservative. It allows your people not paying income taxes to help out and it frees up money to lower income taxes for the people footing damn near the entire bill
Posted on 10/12/24 at 3:59 pm to UltimaParadox
It didn’t increase inflation in 2016. The Chinese ate the tariff. Inflation started post-COVID.
Posted on 10/12/24 at 4:12 pm to tenderfoot tigah
Maybe the definition of conservative has changed then. Tariffs are taxes for whoever is doing the importing (American companies) which is then passed down to consumers (you and me, poor or not).
I don't know what this means.
quote:
frees up money to lower income taxes for the people footing damn near the entire bill
I don't know what this means.
Posted on 10/12/24 at 5:20 pm to UltimaParadox
quote:
I guess he wants more inflation.
Hope he tariffs everything
Posted on 10/12/24 at 10:03 pm to Drizzt
quote:
It didn’t increase inflation in 2016. The Chinese ate the tariff. Inflation started post-COVID.
Prices inflated almost 10% over the first 3 years of the trump admin.
Posted on 10/13/24 at 12:50 am to JohnnyKilroy
I understand he doesn’t like comparative advantage but this isn’t a difficult economic concept.
Posted on 10/13/24 at 7:54 am to UltimaParadox
Inflation was 1.4% under Teump and his tariffs.
Maybe.... just maybe lookat the how and why of them and not what msm tells you will happen
Maybe.... just maybe lookat the how and why of them and not what msm tells you will happen
Posted on 10/13/24 at 7:56 am to frogtown
quote:
There are a lot of things we don't produce and can't produce that will get hit by a 10% universal tariff.
You know better than that. We can crunch the math if you want.
Washing machines last time. Remember that one. It was my favorite one you talked about in 2015/16.
Prices didn't go up.
Posted on 10/13/24 at 8:05 am to Jjdoc
quote:
You know better than that. We can crunch the math if you want.
Washing machines last time. Remember that one. It was my favorite one you talked about in 2015/16.
Prices didn't go up.
Frogtard can never break that down
Roger tried and it cost everyone an extra 100 per year by their own math so 10 extra a month
Posted on 10/13/24 at 8:09 am to bigjoe1
Not so.
I will use the example of washing machines raised by people in 2016.
25% tariff. Should expect prices to ramp up right?
Well... they didn't. Trump left a loophole that allowed companies to not pay that tariff as long as they opened a plant here.
Jan 12, 2018 — Samsung plans to produce one million washing machines at the Newberry County facility in 2018.
No tariffs but jobs came in.
Until you are willing to shed the blinders promoted by globalism and dig into details.....
I will use the example of washing machines raised by people in 2016.
25% tariff. Should expect prices to ramp up right?
Well... they didn't. Trump left a loophole that allowed companies to not pay that tariff as long as they opened a plant here.
Jan 12, 2018 — Samsung plans to produce one million washing machines at the Newberry County facility in 2018.
No tariffs but jobs came in.
Until you are willing to shed the blinders promoted by globalism and dig into details.....
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