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re: Economist Oren Cass explains the tariff madness

Posted on 4/4/25 at 10:33 am to
Posted by Robin Masters
Birmingham
Member since Jul 2010
35917 posts
Posted on 4/4/25 at 10:33 am to
LINK to the entire article on substack

Great info. Thanks for posting this BCreed1!

Posted by Robin Masters
Birmingham
Member since Jul 2010
35917 posts
Posted on 4/4/25 at 10:34 am to
quote:

Misleading Trumps tariffs arent' reciprocal.


Know how I know you didn’t read the source material?
Posted by CastleBravo
Rapid City, SD
Member since Sep 2013
1817 posts
Posted on 4/4/25 at 10:34 am to
quote:

Trumps tariffs arent' reciprocal.


True, they are actually less in most cases than what other countries have imposed on us.

The tariffs should be higher.
Posted by KingOrange
Mayfair
Member since Aug 2018
13266 posts
Posted on 4/4/25 at 10:35 am to
quote:

Excuse me. Who was president in 2017-2021?


And the economy was good, wages were up.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299107 posts
Posted on 4/4/25 at 10:35 am to

quote:


Know how I know you didn’t read the source material?


They are not reciprocal. Regardless of what your influencers tell you.
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 4/4/25 at 10:35 am to
Thanks for the link!

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299107 posts
Posted on 4/4/25 at 10:36 am to

quote:


And the economy was good, wages were up.


Growth flat, and built on nothing but more debt.

A good economy isnt built on debt, Bucko.
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 4/4/25 at 10:38 am to
quote:

They are not reciprocal. Regardless of what your influencers tell you.


You must absolutely love putting your ignorance on display.


Posted by JimEverett
Member since May 2020
2397 posts
Posted on 4/4/25 at 10:39 am to
quote:

They are not reciprocal. Regardless of what your influencers tell you.


According to this guy there is an assumption of "unfair" manipulation that other countries engage to prop up export industries. no doubt there is a lot of truth in that. And if you accept that assumption then the approach the Administration is taking is more "reciprocal" than just matching tariff levels.

Still, I think the approach seems heavy handed, but we are going to see if it works.
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 4/4/25 at 10:41 am to
quote:

Know how I know you didn’t read the source material?


He loves speaking as if he even knows what the topic is about. Always results in showing his ignorance.

This is like him entering a thread on the why the sky blue and his response is "NO! Dogs are a snack and your president is lying about that!"

Literally that stupid.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299107 posts
Posted on 4/4/25 at 10:41 am to
quote:

According to this guy there is an assumption of "unfair" manipulation that other countries engage to prop up export industries


Same thing Trump admin is trying to do via the Mar a Lago accord.
Posted by KingOrange
Mayfair
Member since Aug 2018
13266 posts
Posted on 4/4/25 at 10:41 am to
quote:

A good economy isnt built on debt, Bucko.


Liberal Monetary policy have put us in this situation. You and Your people. So sit down and shut up. You have 3 and Half years left.

Good economy debt blah blah blah. Your policies did this and you are lecturing people:
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 4/4/25 at 10:42 am to
quote:

According to this guy there is an assumption of "unfair" manipulation that other countries engage to prop up export industries. no doubt there is a lot of truth in that. And if you accept that assumption then the approach the Administration is taking is more "reciprocal" than just matching tariff levels.



Exactly, and he knew what was going to happen 1 month prior. This article was from Feb 2025.

quote:

Still, I think the approach seems heavy handed, but we are going to see if it works.


And that's fair.
Posted by Robin Masters
Birmingham
Member since Jul 2010
35917 posts
Posted on 4/4/25 at 10:42 am to
quote:

They are not reciprocal. Regardless of what your influencers tell you.



quote:

From which suit, then, is it wisest to play a card? Some analysts have taken the threat of “reciprocal tariffs” to mean literally holding a mirror up to the tariff regimes of other countries, imposing precisely the same tariff rate on each product from each country that the country imposes on the product coming from the U.S. “You’re talking more than 3.1 million different tariffs,” suggests the Cato Institute’s Scott Lincicome. But while Lincicome is talking about 3.1 million tariffs, there’s no reason to believe that’s what the administration is pursuing. Rather, Trump’s orders indicate a desire to assess the extent of imbalance in market access between the U.S. and each of its trading partners, and then use a tariff to counteract it.


Had you read the article you would have understood the issue you struggle with is bringing your own baggage to the table. Specifically as it relates in how you define the term “reciprocal”.
Posted by omegaman66
greenwell springs
Member since Oct 2007
27175 posts
Posted on 4/4/25 at 10:43 am to
OK it isn't tariff to tariff. It aligns more closely to an idea I had when I was a child. Here is an example. China pays workers 1 dollar per hour. The USA pays 10 dollars an hour. The USA should impose tariff of the equivalent of 9 dollars and hour against china so they can't get the benefit of under paying their workers.

Just a general analogy. I don't know what the Trump administration is doing to calculate the tariffs.

I guess if might be something similar or probably completely different. But it is clear that the Trump administration is trying to shift the balance from import to export using some tactic. It might not be fair as many would define it. I say the heck with fair. Put America first.
Posted by Figgy
CenCal
Member since May 2020
10342 posts
Posted on 4/4/25 at 10:45 am to
I would usually quote some excerpts but I was in the car taking the kid to school. Anyway, it’s a good conversation. I’m sure there is crossover with what you’re linking to too. But people should still give it a read.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299107 posts
Posted on 4/4/25 at 10:45 am to
quote:


Liberal Monetary policy have put us in this situation


Progressive monetary policy.

Of which Trump contributed.
Posted by BCreed1
Alabama
Member since Jan 2024
6978 posts
Posted on 4/4/25 at 10:45 am to
quote:

I guess if might be something similar or probably completely different. But it is clear that the Trump administration is trying to shift the balance from import to export using some tactic. It might not be fair as many would define it. I say the heck with fair. Put America first.


And to level the paying field with allies.

Posted by BigJim
Baton Rouge
Member since Jan 2010
15071 posts
Posted on 4/4/25 at 10:46 am to
quote:

It is. Right there in the links provided.


Completely possible I missed that part.

Please quote and paste that part.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299107 posts
Posted on 4/4/25 at 10:46 am to
quote:


Had you read the article you would have understood the issue you struggle with is bringing your own baggage to the table. Specifically as it relates in how you define the term “reciprocal”.



Wrong.

The Trump administration bastardized/lied about "reciprocal" to make you folks clap.

They are not reciprocal. shite, the information he used to tabulate tariffs is false.
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