re: I love how everyone is suddenly an economist when it comes to tariffs

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there she is, boys! tariffs imposed under the IEEPA are no longer in effect starting tomorrow. a little relief for many american businesses.

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This EO affects IEEPA duties only and does not affect any other duties, including duties imposed under section 232 of the Trade Expansion Act of 1962, as amended, and section 301 of the Trade Act of 1974, as amended.

CBP will provide additional guidance to the trade community through CSMS messages as appropriate.

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i know! great news!

looking like the check to customs will be $185k less than if we cleared the goods last week. a little bonus to each of my employees incoming!

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yep all your problems are solved

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always ups and downs with running a $100M business but sending less money to the government is always a plus.

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I'm so happy you're mythical check for your mythical purchase will be mythically less than it was when you started your mythical conversation about your mythical company!!!

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thanks!

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That is not true, at all.

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LOL.

We're talking about numbers. I know everybody wants to be right about everything, but claiming that 2 + 2 = 4 is just what Rachael Maddow says and it's not really the truth is far out even for populists.

I addressed every one of your objections in my reply to the other guy by going through it quarter by quarter.

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Tariffs are actually doing exactly what they are supposed to do.

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And which of the myriad of purposes is that? Bringing manufacturing back to America? Causing other countries to drop their tariffs and not bringing manufacturing back to America? Replacing the income tax? Paying off the deficit?

And no, they will not even out the trade deficit, because Trump won't leave them alone long enough for the front loading to stop, and because everyone knows they are temporary.

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So despite your post and analysis, there is no evidence.

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Other than the piles provided?
What sort of evidence would you like me to spoonfeed you?

For example, the caveat is as long as foreign entities are willing to loan the US funds to finance the lack of savings in our economy, such as through buying U.S. Treasury securities, the trade deficit can continue. Do you know what was meant in the earlier reference to fiscal dominance? Do you know how Treasury Auctions work?

So, we've not had a series of failed Treasury Auctions ... yet.
You need ""evidence"" such a failure could occur?
You need ""evidence"" as to the result such a failure would yield?
You need ""evidence"" a trading "partner" like China would revel if such a failure occurred?

The left used to be all about protecting the working class. They said they cared about the loss of jobs overseas but they were the ones who sold out to China and others. Both Democrats and republicans have sold out the working class for the past 50 years.

Business is going to migrate to the most efficient market.
Jobs went over seas because of horrible trade deals and unreasonable demands on business in the US. High min wage, “safety” concerns, steep regulations on environmental impacts etc. business said “f” dat- we just go to China etal and sidestep all this.

Trump said he wants to bring back these jobs and industry so he levies steep tariffs on the goods imported to level the playing field but it isn’t working. Manufacturing jobs continue to decline. It isn’t going to happen either.

If we want to bring back manufacturing we have to provide a financially viable environment. Get rid of the minimum wage. Reduce environmental regulations. Lower tax burdens on manufacturing.

None of this is going to happen. We have become a highly civilized country and with that, we have shut out manufacturing on the lower scale.

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Im looking for evidence that the trade policy and currency manipulation has put the USA in a worse position today versus our trading partners than before dropping the gold standard.

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You're looking for evidence that the trade policy and currency manipulation has put the USA in a worse position today versus our trading partners than, for example, the 1950's? Are you serious?

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for example, the 1950's? Are you serious?

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That's the data set which you would pull from.

Sure.

You've given theoreticals.
Literally.

I didn't ask for theoreticals. I asked for a good faith argument showing that we are in a worse position than those allegedly "benefiting" from the trade deficits.