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Started By
Message
re: CBO: Trump’s tariffs will reduce the national debt by $2.5 trillion over the next decade
Posted on 6/4/25 at 1:59 pm to BlackAdam
Posted on 6/4/25 at 1:59 pm to BlackAdam
quote:
Reducing deficits is not the same as reducing the debt. In you decrease projected deficits by 2.5 trillion the debt will still grow by 15 trillion or so.
Do trade deficits have affect the debt?
0
Posted on 6/4/25 at 2:00 pm to Riverside
quote:
Trump’s tariffs will reduce the national debt by $2.5 trillion over the next decade
That is excellent news. Especially since the same CBO just said that Trump's BBB would increase deficits by $2.4 trillion over the next decade. IIRC a bill has to be revenue neutral using CBO estimates in order to use the reconciliation pathway. If the Senate and House republicans were smart (they are not smart and a lot are bought are paid for by the Chamber of Commerce f**ks who have been selling out the USA for the past 50 years so this will likely not happen) they would amend the BBB to enshrine the tariffs into the bill. That would make the bill revenue neutral according to the CBO estimates and end any stupid legal challenges from the left against his tariffs.
Posted on 6/4/25 at 2:01 pm to David_DJS
quote:Could be. Just can't see that price being rock bottom.
What about the case where it's multiple US retailers selling Chinese manufactured goods, and it's that competition that sets price because there are no US-based manufacturing options?
Isn't that a common scenario?
Posted on 6/4/25 at 2:04 pm to Flats
quote:Not shiteing on anyone just pointing out that a T-shirt that costs me $10 bucks is made in China for a buck. Someone is profiting that $9. The tariff fee can come out of that profit. Don't buy into the fear mongering.
Or you're just a douchebag who buys tons of Chinese stuff but wants to shite on a guy for supplying it.
This post was edited on 6/4/25 at 2:05 pm
Posted on 6/4/25 at 2:04 pm to TBoy
quote:
the prices are up $100.
Compared to when?
Posted on 6/4/25 at 2:08 pm to RollTide4547
quote:
Not shiteing on anyone just pointing out that a T-shirt that costs me $10 bucks is made in China for a buck. Someone is profiting that $9. The tariff fee can come out of that profit. Don't buy into the fear mongering.
Why do you assume that the $9 difference is all profit?
Posted on 6/4/25 at 2:10 pm to Seldom Seen
That 70+% duty was zero before Trump? What product is that?
Posted on 6/4/25 at 2:11 pm to RollTide4547
quote:
Not shiteing on anyone just pointing out that a T-shirt that costs me $10 bucks is made in China for a buck. Someone is profiting that $9. The tariff fee can come out of that profit. Don't buy into the fear mongering.
You could tell me this is straight from r/FeelTheBern and i'd believe you. "Greedy capitalist, you don't need all that profit"
Posted on 6/4/25 at 2:14 pm to GRTiger
quote:
That 70+% duty was zero before Trump? What product is that?
Correct. It was zero before Trump. It's a specialized steel product not raw steel and no it isn't made here in America.
Posted on 6/4/25 at 2:14 pm to RollTide4547
quote:
Don't buy into the fear mongering.
I'm not fear mongering, we're just discussing the impacts. If some of those impacts are negative it's not "fear mongering" to discuss them.
Posted on 6/4/25 at 2:16 pm to Seldom Seen
quote:
Why do you assume that the $9 difference is all profit?
You know why.
Posted on 6/4/25 at 2:17 pm to Seldom Seen
That's wild. I assume it's that high because it's from China?
I suspect that goods will start getting produced in countries with lower tariffs. It would be silly for a country with low wages not to try and undercut China. Even if it's not America.
Are you expecting that your prices will go up to match the duty, or will you eat some of it? And same question to your consumers since I'm guessing yours isn't the finished product.
I suspect that goods will start getting produced in countries with lower tariffs. It would be silly for a country with low wages not to try and undercut China. Even if it's not America.
Are you expecting that your prices will go up to match the duty, or will you eat some of it? And same question to your consumers since I'm guessing yours isn't the finished product.
Posted on 6/4/25 at 2:18 pm to Ingeniero
Passing that tax on to consumers will jaut make them buy less, leading to tariffed countries to eat the tarriff if they want to actually sell products.
Posted on 6/4/25 at 2:20 pm to Barstools
quote:
Passing that tax on to consumers will jaut make them buy less, leading to tariffed countries to eat the tarriff if they want to actually sell products.
Bingo. For most manufactured goods, this will be the case.
Posted on 6/4/25 at 2:23 pm to GRTiger
quote:
That's wild. I assume it's that high because it's from China?
Not entirely Trump's steel and aluminum tariffs are global.
quote:
I suspect that goods will start getting produced in countries with lower tariffs. It would be silly for a country with low wages not to try and undercut China. Even if it's not America.
Are you expecting that your prices will go up to match the duty, or will you eat some of it? And same question to your consumers since I'm guessing yours isn't the finished product.
I'm having to eat some of it but trying to pass along as much as I can. If my customers don't buy at the new higher prices I could end up going out of business.
Posted on 6/4/25 at 2:31 pm to Riverside
Someone check on Roger... He is not okay with this news.
Posted on 6/4/25 at 2:32 pm to Ingeniero
quote:
Because the tariffs are a tax increase on the American consumer
Still holding on to that BS, huh?
Posted on 6/4/25 at 2:32 pm to Seldom Seen
Good luck man. For most of us, this is a medium to long-term outlook. Clearly it's a more immediate concern to you.
Posted on 6/4/25 at 2:33 pm to GRTiger
It’s a concern for anyone that imports anything metal.
Posted on 6/4/25 at 2:33 pm to Riverside
Too bad RINOs are refusing to cut entitlements to help us out even further.
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