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re: How do tariffs bring costs down?
Posted on 8/29/24 at 9:43 am to Fat Bastard
Posted on 8/29/24 at 9:43 am to Fat Bastard
quote:
Roger tried with CNNs numbers to break it down and concluded that it would cost 10 extra a month so 120 a year
That seems devasting to me
That extra "$10 a month" math was from the SDVtiger. When asked to prove how he got to the "extra $10 a month" he could not do it.
0
Posted on 8/29/24 at 9:44 am to SlidellCajun
Inflation under Trump was below 2%. That's reality beyond mere words.
Posted on 8/29/24 at 9:46 am to SlidellCajun
They dont
What they do instead is raise the price on cheap foreign made goods enough that they become unattractive to buy
This generally increases the purchase and production of domestic goods.
Domestic production then in turn increases jobs and wages of domestic workers.
What they do instead is raise the price on cheap foreign made goods enough that they become unattractive to buy
This generally increases the purchase and production of domestic goods.
Domestic production then in turn increases jobs and wages of domestic workers.
Posted on 8/29/24 at 9:50 am to Loserman
quote:
What they do instead is raise the price on cheap foreign made goods enough that they become unattractive to buy
This generally increases the purchase and production of domestic goods.
Domestic production then in turn increases jobs and wages of domestic workers.
Redistribution of wealth that is inflationary.
What's missing is that the lost money (due to higher prices) remove money from the more productive areas of the economy, which will hurt GDP growth and economic development/status.
This post was edited on 8/29/24 at 9:51 am
Posted on 8/29/24 at 9:52 am to SDVTiger
quote:
Thats a wall of nothing as usual with you
Why do you even waste your time
Im told the math is easy so give a number
Good Lord, you're twice the idiot I thought you were.
And that's saying something.
Posted on 8/29/24 at 9:54 am to Auburn1968
quote:
Inflation under Trump was below 2%. That's reality beyond mere words.
That's not going to continue, however.
Even if he's elected.
Go check out the thread comparing the economic policies of both Trump and Harris. There's not nearly as much difference as people think.
It's not going to go back to that level of inflation just because Trump gets elected.
Posted on 8/29/24 at 9:55 am to frogtown
quote:
Apparently you don't understand the concept of universal baseline tariffs, which is what Trump is proposing in his 2024 economic plan.
So we are not talking about tariffs on China only. We are talking about tariffs on all imports.
If this is offset with reduced income taxes it's a trade off I'm comfortable with. I do not mind higher consumption taxes on imported goods if the tradeoff is lower income taxes.
This post was edited on 8/29/24 at 9:56 am
Posted on 8/29/24 at 9:55 am to BeepBopBoop
quote:
How you bring inflation down is yes, lower fuel prices, pump the hell out of natural gas, give the energy sector long term stable policy so they can invest, but also make the dollar stronger by having a tight monetary policy. Slashing regulations will also help.
I agree with all of this but - BUT, if the cost of the product has been increased by over 50% because of a tariff- lowered fuel prices Will not offset that cost.
Cost of Television from China goes up 50% after levying the tariff. It gets loaded into a truck with a lot of other televisions and goes from the port of Long Beach to whyoming.
Let’s say the cost of the fuel is down 50% year over year, the television is just a small part of the overall shipment from Long Beach to whyoming, that 50% reduction in fuel cost is spread out over all of the items I the truck, not just to one television.
Bottom line- the impact of the lowered fuel cannot possibly offset the increase in the tariff.
This post was edited on 8/29/24 at 10:58 am
Posted on 8/29/24 at 9:56 am to GumboPot
quote:
If this is offset with reduced income taxes
It won't be.
We may maintain the standard GOPE tax cuts that passed in Trump's first term, but there won' be additional taxes to offset tariffs on top of that.
This post was edited on 8/29/24 at 9:57 am
Posted on 8/29/24 at 9:56 am to SlidellCajun
It doesnt. Its inflationary.
Tariffs are an archaic answer that cause more damage than good.
Tariffs are an archaic answer that cause more damage than good.
Posted on 8/29/24 at 9:58 am to wackatimesthree
quote:
That's not going to continue, however.
Even if he's elected.
I think you are incorrect. Trump's foreign energy policy will incentivize OPEC nations to produce more thus decreasing energy cost domestically with will have a negative impact on prices.
Posted on 8/29/24 at 9:58 am to RogerTheShrubber
quote:
Tariffs are an archaic answer that cause more damage than good.
And everyone should know this by now.
It's just like thinking that THIS time when we try socialism it will be different.
Posted on 8/29/24 at 10:01 am to GumboPot
quote:
Trump's foreign energy policy will incentivize OPEC nations to produce more
Not happening. You are naive. The OPEC nations need $80 to $90 oil.
Posted on 8/29/24 at 10:03 am to wackatimesthree
quote:
Good Lord, you're twice the idiot I thought you were.
Sorry no one cares about your mierda rants
Which you said absolutely nothing
Posted on 8/29/24 at 10:07 am to RogerTheShrubber
quote:
Tariffs are an archaic answer that cause more damage than good.
That's what MAGA'ing is about though, baw. Trying to recreate the glorious days of Hawley-Smoot.
Posted on 8/29/24 at 10:10 am to wackatimesthree
quote:
It's not going to go back to that level of inflation just because Trump gets elected.
Trump's solution to inflation is freeing business from the wet blanket of leftist minded regulation.
Posted on 8/29/24 at 10:12 am to SDVTiger
quote:
Hows his polling #s?
Dude said he would be more popular than Orange by Nov
i'd love to know who that fake is.
he is somebody's alter.
what happened to disgraced cuckguy? is he buckl?
Posted on 8/29/24 at 10:12 am to TigerDoc
quote:
That's what MAGA'ing is about though, baw. Trying to recreate the glorious days of Hawley-Smoot.
Hawley-Smoot is equivalent to raising the income tax to 60% for everyone. It would be devastating.
What tariff critics fail to understand that is if you take off tariffs from the trade negotiation table you are at a major disadvantage before you sit down at the table.
Only an idiot would self-immolate their trade position before the first negotiation word is mentioned.
Posted on 8/29/24 at 10:12 am to SlidellCajun
Really very simple economics of supply and demand: raise tariffs and the Chinese raise the price of products that are made in China, products that are made in the US will become more affordable to US citizens. China doesn’t want to lose their export business so they lower prices to compete with US companies. Win US, loss China.
Posted on 8/29/24 at 10:14 am to SDVTiger
quote:
Sorry no one cares about your mierda rants
Which you said absolutely nothing
you cannot take jackmeoff3timesaday seriously. he is another alter.
we have had so many clowns here banned by our great admins there is a plethora of alters floating all over this place.
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