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Started By
Message
re: CNBC Guest Debunks Tariffs are bad
Posted on 10/16/24 at 10:16 am to Tasseo
Posted on 10/16/24 at 10:16 am to Tasseo
quote:
Did you listen to the clip?
I did.
quote:Nah. We’ve priced ourselves out of the labor market. You simply cannot hire unskilled and semi skilled labor at rates that competitive with the rest of the world.
Cause the mugger in your scenario is other nations, and we have been giving them our wallet knowing the gun is unloaded.
quote:Im not sure what “if done right” means. The key to negotiating is being able to walk away from the table. We can’t because we don’t have the domestic capacity without a drastic cut in living standards or massive price inflation.
If done right we have a loaded gun, point it back at the mugger, and take his wallet.
quote:Yes. America need to compete on what it does well and where it has advantages. Unskilled and semi skilled labor isn’t it.
Tariffs is a tool in the box to use. If not tariffs, people need to tell us what will for sure work better. Things need to change and we need to change course. That we know
Think of it like this… if you’re an doctor making $500/hr, do you sweep your own floors? Probably not. Because it makes no economic sense to lose $500/hr cleaning the floor when you can hire someone to do it for $20/hr.
Setting a minimum wage for cleaners at $500/hr so we have more cleaners seems like a bad solution for everyone. Because now it would make sense for the doctor to mop his own floors.
Using tariffs against cheaper labor markets is a backdoor attempt at imposing a minimum wage on other countries.
0
Posted on 10/16/24 at 10:19 am to SDVTiger
quote:
You have to love how the nots are Chyna first
i musT hAvE mUh CheAp waL MarT sTufF from CHYYYYYYYYYYYYYYNA
oh and lose heavy manufacturing also.
Posted on 10/16/24 at 10:28 am to Screaming Viking
quote:We've had motorcycle tariffs since… like at least the early 80s.. but hasn’t slowed imports hardly at all. We saw some shift to smaller (<750cc) bikes that wee tariffed less, but that’s about it.
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?
Posted on 10/16/24 at 10:29 am to Free888
quote:Indeed. Walking in with an unfavorable position is new and different.
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
Posted on 10/16/24 at 10:30 am to dgnx6
quote:The trade form of the broken window fallacy.
With all the jobs shipped off to Mexico and China people can’t afford $10 flip flops.
Posted on 10/16/24 at 10:34 am to Fat Bastard
quote:Well, Biden and Trump agree on tariffs. Biden just announced a bunch of increase to Teump enacted tariffs just a while back.. so…
it won't be worse than the shite we see now with harris' inflation and huge rise of costs for goods and services.
quote:Thats because most of the threats never go enacted. Nor did he get any significant co cessions.
with trump we only had 1% inflation. goods/services were nowhere this high
This post was edited on 10/16/24 at 10:40 am
Posted on 10/16/24 at 10:37 am to LegalEazyE
quote:
You do realize Biden kept most of the Trump tariffs that actually got enacted, yes?
quote:
Is that what Kamala and MSNBC told you, you fricking nerd.
LINK Posted on 10/16/24 at 10:38 am to SDVTiger
quote:Wel isht. Why not raise the cost of everything by by 2-300%.
When they manufactured here then yes it will
Posted on 10/16/24 at 10:39 am to GRTiger
quote:Cool. Try to hire US workers at Chinese or Vietnamese pay rates and get back to us.
Our gun isn't unloaded brother.
Posted on 10/16/24 at 11:12 am to dgnx6
quote:
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.
Agree.
What is the likelihood that minor manufacturing that is currently not done in the US would be the target of tariffs? probably less than 1%.
The tariffs will be on items that are made here and which companies plan to move manufacturing or products that are at a disadvantage do to cheap copies being manufactured in other countries. Dollar Tree garbage made in Asia by near literal slaves will still be Dollar Tree garbage made that way.
Putting major manufacturing on a level playing field with other countries will, slowly, bring back the minor manufacturing and then tariffs on that junk can be considered.
Posted on 10/16/24 at 11:15 am to John Barron
He's right. But so are the critics. The critics and that guy agree that Trump will never do what he's saying he will do, which is put across-the-board tariffs in place. That would be a terrible idea. But using it as an negotiating tactic, and wisely applying some tariffs, is a great idea.
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