- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: A Yahoo Finance flash story popped up with columnist saying Trump’s tariffs would be worse
Posted on 9/18/24 at 6:23 am to Indefatigable
Posted on 9/18/24 at 6:23 am to Indefatigable
quote:
They make no economic sense when applied to goods that we do not produce domestically
You misunderstand Trumps plan.
Trumps plan isn't to install tariffs on things not produced domestically. Howard Lutnick is Trumps transition team leader and explains Trump's plan for using tariffs and how the Marshall Plan has placed America at a huge trade disadvantage for decades.
quote:
Then Lutnick shifts to talking about tariffs and is one of the only advisors outside the 2017 team (Robert Lighthizer, Wilbur Ross) who factually references ending the insufferable “Marshal Plan.” Again, yes, yes and YES.
Howard Lutnick gets it. The essential core of MAGAnomics. Drive down the cost of goods through expanded energy development, then leverage reciprocity in tariffs to end the exfiltration of wealth. Then cut out regulation and unleash American enterprise. This is the way to reverse this insufferable economic trajectory that creates a “service driven economy.”
0
Posted on 9/18/24 at 6:23 am to Blutarsky
Yahoo articles are hilarious. They are so biased to the left it is unreal. Read some of the comments on the articles and you will laugh at the idiots.
Posted on 9/18/24 at 6:29 am to Indefatigable
quote:
We don't have the workforce for unskilled, low wage, low benefit factory jobs making cheap bullshite anymore.
This is actually true. I can't argue against that point. Unfortunately, however, the unskilled people that once filled those roles are now government employees producing nothing.
Posted on 9/18/24 at 6:39 am to TDFreak
quote:
The millions of illegals crossing the border would beg otherwise, amigo.
Most of them even work jobs above this level, like construction, which is skilled labor
Posted on 9/18/24 at 6:40 am to Indefatigable
quote:
for 11 dollars an hour.
It would probably need to be closer to $4-5/hour
Posted on 9/18/24 at 6:42 am to Indefatigable
quote:
Tariffs on ordinary consumer goods that we don't make anymore is nothing but a sales tax on US consumers. There is no way around that.
But retaliatory tariffs are good to protect domestic industries while inflating the cost of commodities.
There should be more of these tariffs to protect US industries that are getting dumped on by foreign countries like the shrimp industry where imported shrimp is getting dumped on the US market and the FDA and other government inspections are not protecting US consumers from a product that contains high levels of antibiotics and other contaminants.
Posted on 9/18/24 at 6:45 am to SlowFlowPro
quote:Stateside?
It would probably need to be closer to $4-5/hour
Posted on 9/18/24 at 6:48 am to NC_Tigah
quote:
Stateside?
Yeah
These jobs aren't worth anything.
That's why they're relies on by economies way less advanced than our economy. These jobs are stepping stones for poor, developing nations. They have no place in the best and most advanced economy in the world (especially with our living standards and laws promoting SOL like minimum wage).
The only way these jobs could be economically viable with our economy is the inflationary effects discussed earlier in this thread. The point is to inflate the cost of the goods for consumers to make the inefficient allocation of labor costs more economically viable.
Posted on 9/18/24 at 6:49 am to Blutarsky
The tariffs that the Biden admin has kept in place? 
Posted on 9/18/24 at 6:51 am to Indefatigable
quote:
There is no honest way to describe tariffs as anything other than inflationary.
Tariffs are not inflationary. Taxes are not inflationary.
Government spending is inflationary.
Posted on 9/18/24 at 6:54 am to Westbank111
Southeast Asia's rise into the manufacturing giant it's become is due in part to labor costs. However, the reason why America (or Europe) will never be able to compete is also because of the Geographic and Logistical advantage they have.
SE Asia sits in the perfect spot on the globe to receive raw materials and export manufactured goods comparatively to any other location. Even if you had a labor force willing to work for dollars a day, we still couldn't compete because of those two factors.
SE Asia sits in the perfect spot on the globe to receive raw materials and export manufactured goods comparatively to any other location. Even if you had a labor force willing to work for dollars a day, we still couldn't compete because of those two factors.
This post was edited on 9/18/24 at 6:56 am
Posted on 9/18/24 at 6:55 am to cadillacattack
quote:
And why is that?
Standard of living
Economic status
Minimum wage laws
Other employer regulations that increase the cost of doing business
Posted on 9/18/24 at 7:02 am to SlowFlowPro
Why work if you can live on the govt dole, right?
“If you want more of something, subsidize it”
Those jobs become more appealing if you don’t expect the government to provide for your every need and comfort.
“If you want more of something, subsidize it”
Those jobs become more appealing if you don’t expect the government to provide for your every need and comfort.
This post was edited on 9/18/24 at 7:05 am
Posted on 9/18/24 at 7:30 am to SlowFlowPro
quote:Are they worth breaking the minimum wage laws?
These jobs aren't worth anything.
Posted on 9/18/24 at 7:37 am to Indefatigable
quote:
There is no honest way to describe tariffs as anything other than inflationary. Tariffs are a tax that will raise costs on the US consumer.
They make no economic sense when applied to goods that we do not produce domestically.
Don't be bringing economic sense into here. This is a place driven on feels.
Raise taxes on the US consumer and also don't forget the negative impacts it will have on US exports as retaliatory trade wars erupt.
Posted on 9/18/24 at 7:39 am to Indefatigable
quote:
“American workers and businesses can outcompete anyone — as long as they have fair competition,” Biden said in a release. “But for too long, China’s government has used unfair, non-market practices.”
quote:
in May, Biden announced a new set of tariffs on a host of goods including steel and aluminum, as well as semiconductors, electric vehicles, batteries and solar panel parts.
Weird how Biden in the last quarter of his presidency followed Trumps plans and is bragging about the economy doing well under Trumps plans.
Posted on 9/18/24 at 7:46 am to DavidTheGnome
quote:
Don't be bringing economic sense into here. This is a place driven on feels.
Don’t be voting for Harris if you hate tariffs.
quote:
Harris, the Democratic nominee, responded that tariffs are effectively a “sales tax” on American households.
In fact, the Biden administration recently imposed its own set of tariffs, while extending ones first levied during the Trump administration. Harris has not explicitly stated whether she would extend them, but on her campaign website, she said she would continue to “support American leadership in semiconductors, clean energy, AI, and other cutting edge industries of the future," while addressing “unfair trade practices from China or any competitor that undermines American workers.”
Saying the same thing Biden did months ago when he was still the candidate.
This post was edited on 9/18/24 at 7:50 am
Posted on 9/18/24 at 7:47 am to Indefatigable
quote:
There is no honest way to describe tariffs as anything other than inflationary.
Only if you have a linear thought process and can't think past one step.
Step one: tariff imports of specific goods.
Step two: most impacted country which is almost completely out of trade war tools implements one of the last tools, debases their currency in response.
Step three: the reaction to the debasement causes their currency to weaken relative to the dollar, i.e., the dollar gets stronger.
Step four: relatively stronger dollars buys more imported goods that are not tariffed.
This post was edited on 9/18/24 at 7:48 am
Posted on 9/18/24 at 7:48 am to Tarps99
quote:
There should be more of these tariffs to protect US industries that are getting dumped on by foreign countries like the shrimp industry where imported shrimp is getting dumped on the US market
Why stop at shrimp? Tea isn't a big industry here either because of "dumping", so lets tax the hell out of imported tea. And computer keyboards, and shoes, and fishing rods..........
Posted on 9/18/24 at 7:49 am to SlowFlowPro
quote:
Yeah
These jobs aren't worth anything.
The fight for welfare and a service based economy is baffling.
Page 3 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News