re: I am changing my opinion on Trumps tariffs

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As a purveyor of imported goods
You raise my tariff I raise my prices

Its a tax on the consumers...period

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If I'm Trump, I'd put a 100% tariff on imported seafood. I don't give a frick if Chinese crawfish are 20 bucks a lb I'm not buying that shite.

In a true free market...there would be no tariffs...but we don't operate in a truly free market. Tariffs are used in response to other country's unfair practices. The thing I don't like about tariffs is they can start a series of responses from other countries that becomes a chain reaction.

Tariffs aren't necessarily a bad thing, it depends on where the money goes.

Traditionally two things...
1. The monies goes into government coffers only and thus effectively becomes a "tax".
2. It is used in trade negotiations only, diplomatically speaking.

In the past Trump has done two things that changes that, and his administration did only a so-so job of touting it:

1. The monies, or a large % of them, were 'turned around' back to the producer. For example, $ received from tarriffs on beans (China) were re-directed as subsidies to bean producers. Not only was it not a tax at that point, China was paying to give them a marketplace advantage. It doubled the benefit.

2. He has used them as a diplomatic weapon across the board, not just trade, recognizing that trade is not a stand alone monolith. Advantages such as the tariffs on Mexico if they didn't shut down their side of the border either a) caused them to pay for the cost in the form of those tariffs, OR reduced our cost by them agreeing to the policy. Either way, the US economically gained.

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As a purveyor of imported goods You raise my tariff I raise my prices

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Then I’ll buy my fireworks somewhere else tough guy.

The other thing tarrifs are good for is he can use them like sanctions against countries like China who export goods to us to prevent China from attacking neighboring countries like Taiwan..

You want to attack our allies, then we will slap a 20% tarrif tax on all goods you ship to the US to sell in our country..

Plus, he can use tariffs to stop all of our manufacturing jobs from leaving here and being taken by countries like Mexico. Or, at least make it a fairer playing field where some of the jobs stay here and some go to Mexico.

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Tmcgin

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A real Art frickin Vandelay we’ve got here folks.

Trump could tell yall that having shite running down your leg will own the libs and the woke and you’ll blow out your depends to do it.

Might take a few months but one day you’ll find yourself posting “ya know, im actually coming around to having shite running down my leg. He’s got a point about the shite in my pants running down my leg!”

Sometimes the man is just WRONG. not often…but sometimes

i caught the tail end this am on cnbc before that clown came on. There were two business guys on explaining the value of tariffs, it was more than just money.

Both seemed to be on the right side and intelligent. Wish that worm kid was working today, guess he was off.

Might be nice to make things in the US. Supply chain improved, money going to American workers, tax revenue increases, workers are insured and the Chicoms have less money.

Cramer can EABOD.

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Might be nice to make things in the US. Supply chain improved, money going to American workers, tax revenue increases, workers are insured and the Chicoms have less money.

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And I think (can't find anything on paper) Trump is putting a wrinkle on what he's proposing for most of these tariffs.

He's proposing they only have to be made in America. Ownership of the company has no bearing on it. So if a foreign company wants to build a factory in the US and employ Americans.... no tariff.

He might be playing a longer game here and do to everybody else, including China, what China has done to us: Have us build the factory on their soil, then change the rules of the game and basically take it from them.