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re: Good read on tariffs and similarity to the depression
Posted on 10/10/18 at 7:31 am to I B Freeman
Posted on 10/10/18 at 7:31 am to I B Freeman
quote:
And the impact of the tariffs have not hit the economy
This doesn’t happen in a vacuum the way your thoughts do.
Pressure to renegotiate NAFTA came from the threat of tariffs. And the markets responded very well to the USMCA announcement.
I’m not saying you are wrong on principle, but if you want to talk about the impact of the tariffs, you can start by at least recognizing the ultimate goal of current leadership and the accomplishments that have already been made on trade.
This post was edited on 10/10/18 at 7:40 am
0
Posted on 10/10/18 at 7:31 am to I B Freeman
What do you call the destruction of our economy when China dumps on us, forces technology transfers, doesn’t respect copyright, and builds tariffs against us?
Normal?
All hail the Magnificent Orange SOB!
Death to Fascist China!
Normal?
All hail the Magnificent Orange SOB!
Death to Fascist China!
Posted on 10/10/18 at 7:33 am to I B Freeman
It's insane to not see the long term change he is trying to bring.
Yes there will be some losers in the short term as you blast every post. We know. But the long term benefits for the overall US economy you refuse to see.
Yes there will be some losers in the short term as you blast every post. We know. But the long term benefits for the overall US economy you refuse to see.
Posted on 10/10/18 at 7:34 am to I B Freeman
quote:
Herbert Hoover promised higher tariffs in his 1928 presidential campaign. He won, and the House passed a tariff bill in May 1929.
The Senate was still debating its version of the bill when the stock market crashed in October 1929. Today, we use that event to mark the Great Depression’s beginning.
The implication here is these proposed tariffs led to the depression. This is BS. The US already had a massive net tax burden in mostly income taxes AND tariffs.
If you want to simplify it, the depression was stimulated by massive tax burden on the US economy of which tariffs made up approximately 50%.
Today tariffs make up approximately >1.5% of the US tax burden.
Talk to me when tariff start getting close to 10% of US tax burden. Then I’ll start getting worried.
Posted on 10/10/18 at 7:37 am to I B Freeman
quote:
It is insanity to believe tariffs to the degree Trump is proposing will not hurt our economy.
So is spewing the same straw man argument for month after month. Everyone knows tariffs aren't good for business. You know what else isn't good for business? Allowing countries like China to destroy our manufacturing base with their slave labor and blatant violation of patent and property rights. Having crippling trade deficits with dozens, if not hundreds of countries which use tariffs to prevent American goods from being imported. Allowing Americans to suffer, while businesses market the foreign products that took their jobs overseas, back to them. That's insanity.
Posted on 10/10/18 at 8:15 am to I B Freeman
quote:
the tax on US consumers called the Trump Tariffs
Tariffs are taxes. Period.
Posted on 10/10/18 at 8:16 am to troyt37
The facts simply do not support the claims that our move to a more service economy has been bad.
Our household income is higher than ever. Our numbers of total jobs have never been higher.
It is a straw man argument to justify protectionism for steel makers for the upteenth time.
Our household income is higher than ever. Our numbers of total jobs have never been higher.
It is a straw man argument to justify protectionism for steel makers for the upteenth time.
Posted on 10/10/18 at 8:24 am to I B Freeman
quote:
Trump's Tariffs Echo The U.S. Trade Policy That Led To The Great Depression
Posted on 10/10/18 at 8:30 am to I B Freeman
quote:Says the dork hinting that Ford's issues are due to tariffs.
It is a straw man argument
Posted on 10/10/18 at 8:39 am to I B Freeman
You really believe Trump's tariffs echo U.S. trade policy of the late-1920's -- early 1930's?
Seriously?
Seriously?
This post was edited on 10/10/18 at 8:40 am
Posted on 10/10/18 at 8:43 am to I B Freeman
Posted on 10/10/18 at 8:44 am to I B Freeman
IBFreakingOutOverTariffs
Posted on 10/10/18 at 9:06 am to I B Freeman
Here is another site you should consult from time to time LINK
Posted on 10/10/18 at 9:08 am to I B Freeman
Ford is done it's over. 
Posted on 10/10/18 at 9:10 am to stat19
quote:Freaking out is right.
IBFreakingOutOverTariffs
IBF says of others "the facts simply do not support the claims," and "it is a straw man argument." However, there could scarcely be a more factless, bigger strawman than the intimation Trump's tariffs echo U.S. trade policy of the early 1930's. That is a bizarre assertion.
Posted on 10/10/18 at 9:11 am to I B Freeman
Ford CEO said tariffs cost the company $1 billion in profits LINK
What is interesting is that as the largest producer of American made autos he did not say “tariffs have allowed us to grow and profit and hire more people”.
What is interesting is that as the largest producer of American made autos he did not say “tariffs have allowed us to grow and profit and hire more people”.
Posted on 10/10/18 at 9:12 am to I B Freeman
quote:
The new tariffs have not made it to retail yet and the January tariffs are 2.5 times larger. Let me know what you think in June.
Just curious, have you actually done the math to see just how much the tariffs will affect prices?
I did a while back, it equates to about $.10-$.20 per unit sold (obviously there's some variance based on the good sold, but that's the average). Hardly enough to send us spiraling into a depression.
Plus, most items affected by the tariffs can be manufactured domestically and have similar price ranges to the Chinese counterparts. Therefore, if we simply apply the concepts of Supply and Demand, prices on Chinese goods aren't very likely to increase being as they would price themselves out of the market.
This post was edited on 10/10/18 at 9:13 am
Posted on 10/10/18 at 9:12 am to I B Freeman
quote:
What is interesting
Posted on 10/10/18 at 9:19 am to I B Freeman
quote:Does that include Ford's lost sales in China, India, Brazil and elsewhere?
Ford CEO said tariffs cost the company $1 billion in profits LINK
Posted on 10/10/18 at 9:28 am to I B Freeman
Oh look, globalist claptrap. You don't see that every day.
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