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re: But tariffs don’t work….

Posted on 3/24/25 at 8:04 pm to
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 3/24/25 at 8:04 pm to
quote:

of course.


I would ask you to expound, but you are just as tiresome and intransigent as SFP on this subject.

You're both ridiculous boring on this subject and it is rather comical how you both are drawn like moths to the flame for every thread concerning tariffs here.
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:05 pm to
quote:

Rolls already has at least 6,000 employees in the US.
February job report had 151,000 new jobs. In one month. Just for scale.
Posted by Azkiger
Member since Nov 2016
27747 posts
Posted on 3/24/25 at 8:05 pm to
quote:

The biggest reason why is his leftist economics


Bro, come one. Sowell backs him. You should too. Let me quote Sowell so you'll agree with me...
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:06 pm to
quote:

You going to argue, in a thread highlighting about Rolls-Royce bringing manufacturing back to America due to Trump's tariffs, that tariffs get us nothing in return?
Well, so far all we have is some "reports" that something might happen. So... I guess that'll pay some bills for people?
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:09 pm to
quote:

Strawman and is just straight stupid argument.
Nope. I illustrated your post hoc, ergo propter hoc fallacy with an equally absurd example.

Just think of it, we could have rooms full of people drafting on paper and using typewriters again. We can bring back the typewriter industry!
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:10 pm to
quote:

The biggest reason why is his leftist economics
Biden was busy passing the protectionisht CHIPS act, and raising tariffs before it was cool!
Posted by Azkiger
Member since Nov 2016
27747 posts
Posted on 3/24/25 at 8:11 pm to
quote:

Well, so far all we have is some "reports" that something might happen. So... I guess that'll pay some bills for people?


You do realize there's precendence set from his first term, right?
Posted by Jjdoc
Cali
Member since Mar 2016
55583 posts
Posted on 3/24/25 at 8:12 pm to
quote:

We're still at the top today, so if you compare us today v. the world, we're only grown in our spot at #1.


So not the point. The point is that we were wealthy with tariffs. Something you want to not be true.

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
473847 posts
Posted on 3/24/25 at 8:13 pm to
quote:

but we also need domestic steel production for national security. Thats worth subsidizing

National security is the one legitimate argument, but that's non-economic.

However, I intentionally included "infrastructure" in my list of "undefinable words" for the mention of NS. We can't define "national security" like Leftists did "infrastructure" and pretend it means anything. Actual national security interests are needed.

quote:

Making cars in the US is EV+
Making heavy industrial equipment is EV+

But we already do this. These aren't lost industries like people keep discussing. They also aren't considered lower-level manufacturing, really.

quote:

You also need to bake in that the only reason it is so cost effective to import a lot of consumer garbage is because we subsidize their mail. It costs less money to get something shipped from AliExpress to the US than from New York to California, because we subsidize mail from poor countries (which for some reason China considered)

I'm fine with eliminating the loopholes created by government policy (not the market)
This post was edited on 3/24/25 at 8:13 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:13 pm to
quote:

I would ask you to expound, but you are just as tiresome and intransigent as SFP on this subject.
It's tiresome explaining the obvious. I mean, if I believed a single-variable model and we didn't have a strong currency, and had a massive latent supply of cheap labor, etc... I'd be all in on tariffs. But we don't.

quote:

You're both ridiculous boring on this subject
Ok. Stop reading.
Posted by Cito2point0
Member since Aug 2024
175 posts
Posted on 3/24/25 at 8:14 pm to
They make about 4000 cars a year and they are made at 1 factory in England. Their cars are made to order.

From the article in the original tweet:

quote:

According to The Telegraph, the Derby-based company is exploring strategies to reduce the impact of tariffs, which may include increasing its US workforce and expanding operations in North America.


So it’s not even announced they are opening a plant here. They might expand…maybe. But probably not because they have always been produced at one location. They also only have around 1300 people working for them.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
473847 posts
Posted on 3/24/25 at 8:14 pm to
quote:

The point is that we were wealthy with tariffs.


And we're wealthier without them.
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:14 pm to
quote:

Bro, come one. Sowell backs him. You should too.
Dd you support Biden's CHIPs act and his tariff increases? WHo did you vote for?
This post was edited on 3/24/25 at 8:15 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:16 pm to
quote:

You do realize there's precendence set from his first term, right?
So the economy's been great the last four years?
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 3/24/25 at 8:17 pm to
quote:

Well, so far all we have is some "reports" that something might happen. So... I guess that'll pay some bills for people?


Yeah, but it might happen, and if it does then something happened. They don't know what, but something happening is better than nothing happening.

See, you just don't know what winning looks like.
Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:17 pm to
quote:

They make about 4000 cars a year and they are made at 1 factory in England. Their cars are made to order.
They also make jet turbines!

But we have no details on what this actually is.
Posted by lynxcat
Member since Jan 2008
25139 posts
Posted on 3/24/25 at 8:19 pm to
The concept of comparative and absolute advantage isn’t nothing but I do think the economists struggle to model the negotiation tactic of tariffs to drive additional benefits (such as, incremental investment in production and job creation domestically) in their assessments.
Posted by Azkiger
Member since Nov 2016
27747 posts
Posted on 3/24/25 at 8:19 pm to
quote:

So the economy's been great the last four years?


I have no idea what point you're trying to make but why do I get the feeling it's arse?
Posted by Jjdoc
Cali
Member since Mar 2016
55583 posts
Posted on 3/24/25 at 8:20 pm to
quote:

It does. You're just too simplistic to understand



Well, let's do it this way shall we. You got tariffs. You will get more. And I don't give a frick about your stupidity.

quote:

We're about 0.6% above what's considered structural minimum UE. So who is going to fill all these new jobs, at interntaionally competitive
wages? It's not a complicated question.


And in 1918, unemployment was 1.4%. In 1929, it was 3.2%.

All under a rich nation that used tariffs as it's main income.


Posted by Taxing Authority
Houston
Member since Feb 2010
63128 posts
Posted on 3/24/25 at 8:21 pm to
quote:

See, you just don't know what winning looks like.
It's funny how a tweet is somehow summary of an entire economy. Even if we think they double their US foot print (about 5% of one month's job growth) it makes no attempt to quantify the economic losses from increased prices and inflation. Wonderful "proof".
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