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re: CNBC Guest Debunks Tariffs are bad

Posted on 10/16/24 at 6:46 am to
Posted by blueboy
Member since Apr 2006
63273 posts
Posted on 10/16/24 at 6:46 am to
Inflation, my arse. They oppose tariffs because China controls them.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466944 posts
Posted on 10/16/24 at 6:49 am to
quote:

They oppose tariffs because China controls them.


It's more protecting consumers and our advanced economy. I don't want to devolve our economy and let other countries approach us. Not for lower level manufacturing that isn't even needed. It's just irrational. It makes no sense under scrutiny and the defense ends up just being talking points or changed arguments (national defense primarily).

But yes after the Covid spending from 2020 onwards, inflation is a concern now too.
Posted by Screaming Viking
Member since Jul 2013
5612 posts
Posted on 10/16/24 at 6:58 am to
quote:

It will be the latter unless you expect American workers to work for wages far below current standards


Use the example in the video of the auto industry. You don’t think that is a win-win for the USA? Place the same tariffs on them as they do to us?

He even said that you will probably collect tariffs and prices for certain items will go up in the short term. But as sales slow, they will come back to negotiate. Then prices for their items go back down.

When those prices do go up, there are American made options that will not have the same price increase.
Posted by Free888
Member since Oct 2019
2909 posts
Posted on 10/16/24 at 7:03 am to
quote:

Indeed. That’s why most of his threatened fariffs never went into effect. See above. It’s a. bluff. The only problem is… everyone knows it a priori. Art of the deal I guess.


Other governments are used to the US walking in with a position that is already favorable to them. They aren’t used to or comfortable with the way Trump negotiates (I.e. like a businessman). NATO is a perfect example. People that followed Trump knew he would never actually pull out of NATO, he just wanted to stop subsidizing countries like Germany. Everyone in the media was screaming, but at the end of the day he got NATO members to cough up more money. He treats it like a business, which is what this country desperately needs.
Posted by dgnx6
Member since Feb 2006
86294 posts
Posted on 10/16/24 at 7:06 am to
quote:

The anti-tariff assholes are just fricking dumb.


They are just anti trump assholes
Posted by dgnx6
Member since Feb 2006
86294 posts
Posted on 10/16/24 at 7:10 am to
quote:

Get used to paying $50 for a pair of flip flops


With all the jobs shipped off to Mexico and China people can’t afford $10 flip flops.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112723 posts
Posted on 10/16/24 at 7:14 am to
It is pretty obvious
Posted by Hogbit
Benton, AR
Member since Aug 2019
3091 posts
Posted on 10/16/24 at 7:34 am to
quote:

Lou Pai

One of the PT deep thinkers chiming in. Please give us your take on tariffs.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93850 posts
Posted on 10/16/24 at 7:54 am to
quote:

Trump should pay Lutnick to go out on tour for him the next 3 weeks and give that explanation since Trump can't.


How cant he? He explained it so well to that Brit even someone with your iq could understand it
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89303 posts
Posted on 10/16/24 at 7:55 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93850 posts
Posted on 10/16/24 at 7:59 am to
What a mentally ill goof ball
Surprised he didnt say yet again that hrs 6'3 218lbs

Posted by blueboy
Member since Apr 2006
63273 posts
Posted on 10/16/24 at 8:01 am to
quote:

They oppose tariffs because China controls them.


It's more protecting consumers and our advanced economy
This is nonsense.
quote:

I don't want to devolve our economy and let other countries approach us
How drunk are you right now?
Posted by Ten Bears
Florida
Member since Oct 2018
4754 posts
Posted on 10/16/24 at 8:15 am to
quote:

The anti-tariff assholes are just fricking dumb.


No, they are not, unless you consider people like Milton Friedman, Thomas Sowell, Fredrickvon Hayek, etc to be “just fricking dumb.”

However, what that CBNC guest says is a lot different from what Trump has/and is saying.

It’s one thing to use tarrifs as a negotiating tool in order to get other tarrifs lowered. I doubt any of the above economists would disagree.

The issue is that is not what Trump has said. Trump has said he wants to impose a 10-20% on ALL imports, regardless of trade status. He has also said he wants to use the revenue from tarrifs to replace the income tax, which is mathematically impossible. Tariffs like this are just fricking dumb.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89303 posts
Posted on 10/16/24 at 8:19 am to
quote:

quote:
The anti-tariff assholes are just fricking dumb.



They really are. Its such an epic lverage tool and Orange destroyed that BBC journo today making it very easy to understand

You cant disagree with what he said unless you are crazy


poor roger the cucker and ib a chinaman and slow cuck RINO are melting!!

they hate tariffs!
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93850 posts
Posted on 10/16/24 at 8:19 am to
Its as if you didnt listen to anything he told that brit
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89303 posts
Posted on 10/16/24 at 8:21 am to
milton was not perfect

LINK
Posted by frogtown
Member since Aug 2017
5770 posts
Posted on 10/16/24 at 8:31 am to
quote:

milton was not perfect


So, are all the "right wing" economists wrong on this? All of them? Rothbard/von Mises/Hayek/Hoppe and now Javier Milei. A simple yes or no will suffice.
This post was edited on 10/16/24 at 8:33 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93850 posts
Posted on 10/16/24 at 8:32 am to
You dont even know what a tariff is

You cant even give us a number on what it cost each tax payer

You are the biggest clown ever
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89303 posts
Posted on 10/16/24 at 8:37 am to
hey CUCKTOWNFROG

we have explained it AD INFINITUM to clowns here like IB A CHINAMAN in the past

you just loved bending over getting arse raped with dumping, loss of jobs and paying tariffs with no reciprocity huh? or having nothing to negotiate on?

stupid frick.

MUH TRUMPS TARIFFS RAISED MUH PRICES SO HIGH! HURR DURR!



Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
108206 posts
Posted on 10/16/24 at 8:38 am to
Yeah, because Trump never acted upon his threats and never enacted tariffs. You got him, it’s all just a bunch of noise.
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